HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), one of the leading U.S. residential solar and storage service providers, announced today that it completed its previously announced acquisition of SunStreet Energy Group, LLC, Lennar Corporation’s (“Lennar”) (NYSE: LEN and LEN.B) residential solar platform (“SunStreet”), and has become Lennar’s exclusive residential solar and storage service provider for new home communities with solar across the country. Additionally, as part of the transaction, Lennar committed to provide tax equity investments to support Sunnova’s homebuilder customer pipeline.
"We are excited to welcome SunStreet’s team and customers to our Sunnova family and look forward to accelerating the adoption of residential solar and storage service on new homes across the United States,” said William J. (John) Berger, Chief Executive Officer of Sunnova. “Under Sunnova’s ownership, we will bring SunStreet’s proven track record of high-quality, timely installations to even more homebuilders, and deliver existing SunStreet customers the option for new energy services through the addition of battery storage and other core Sunnova offerings. This transaction positions Sunnova to propel customer growth while simultaneously scaling our business and positioning us as a market leader in the homebuilder industry."
SunStreet has a distinct understanding of homebuilding operations that has earned the company a reputation for being a proven leader in the residential solar market for homebuilders. This acquisition provides a new strategic path that will allow Sunnova to generate significant stockholder value, increase customer growth, and develop clean and resilient residential microgrids. As Sunnova’s business impact grows, so too will its positive social and environmental impact, helping the company achieve its overarching mission of powering energy independence.
Forward Looking Statements
This press release contains 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. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expect," "plan," "anticipate," "going to," "could," "intend," "target," "project," "contemplates," "believe," "estimate," "predict," "potential" or "continue" or the negative of these words or other similar terms or expressions. Similarly, statements herein that describe the acquisition, including its financial and operational impact, impacts on stockholder value or customer growth, and other statements of the parties’ or management’s plans, expectations, objectives, projections, beliefs, intentions, goals, and statements about the benefits of the acquisition, statements that describe the strategic partnership, including its financial and operational impact, the terms of the strategic partnership, including exclusivity and duration, new energy technologies, any commitments with respect to tax equity, the ownership of Sunnova stock by Len X, LLC (“LENX”), the scaling of Sunnova’s business, potential customer growth, market position and other statements that are not historical facts are also forward-looking statements. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of Sunnova, SunStreet, Lennar, LENX or the price of Sunnova stock or Lennar stock. Sunnova's expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, but not limited to, the unpredictability of the commercial success of Sunnova’s, SunStreet’s, Lennar’s or LENX’s respective businesses or operations; potential adverse reactions or changes to business or employee relationships, including those resulting from the completion of the acquisition; the risk that any announcements relating to the acquisition could have adverse effects on the market price of common stock of Sunnova; the favorability to either party of the terms of the strategic partnership, the ability to successfully integrate the businesses; the ability of Sunnova to implement its plans, forecasts and other expectations with respect to SunStreet’s business or the strategic partnership following the completion of the acquisition and realize expected benefits; the diversion of management’s attention from ongoing business operations and opportunities; the impact of COVID-19; competition and fluctuations in the solar and home-building markets; availability of capital; ability to attract and retain dealers and customers and our dealer and strategic partner relationships; and litigation relating to the acquisition and the strategic partnership. These forward-looking statements speak only as of the date of this communication, and Sunnova expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Sunnova’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of Sunnova and Lennar, including the most recent Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, for additional information about Sunnova and Lennar and about the risks and uncertainties related to the businesses of Sunnova and Lennar which may affect the statements made in this communication.
About Sunnova
Sunnova Energy International Inc. (NYSE: NOVA) is a leading residential solar and energy storage service provider with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterruptedTM.
Investor & Analyst Contact
Rodney McMahan
Vice President, Investor Relations
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281.971.3323
Press & Media Contact
Alina Eprimian
Media Relations Manager
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PASADENA, Calif.--(BUSINESS WIRE)--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, announced today that the U.S. Agency for International Development (USAID) awarded the Company a 5-year, $12 million, single-award contract to improve Kosovo’s energy sector by strengthening the capacity of local institutions to advance energy market development and regional integration, and facilitate private sector investments in sustainable energy generation.
Tetra Tech energy specialists will work with the Government of Kosovo to strengthen a regional energy market based on European Union standards and foster increased private-sector investment that will leverage $300 million in investments and generate an additional renewable energy capacity of 200 megawatts.
Tetra Tech has partnered with USAID in Kosovo since 2007 to provide innovative clean energy services to help advance economic growth. Tetra Tech facilitated the private-sector development of one of the first grid-connected solar photovoltaic power plants, supported 300 million euros worth of energy sector investment, and increased women’s participation in the utility sector.
“Tetra Tech has supported USAID’s sustainable energy programs in Kosovo for 14 years,” said Dan Batrack, Tetra Tech Chairman and CEO. “We look forward to continuing to use our Leading with Science® approach to create resilient energy solutions that promote energy security and economic prosperity for the people of Kosovo.”
About Tetra Tech
Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 20,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.
Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.
Jim Wu, Investor Relations
Charlie MacPherson, Media & Public Relations
(626) 470-2844
DALLAS & HOUSTON--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) and Centurion Pipeline L.P. ("Centurion") announced today that they will post a joint tariff for crude oil transportation service from ET’s terminals in Platteville, Colorado and Cushing, Oklahoma to ET’s Nederland, Texas terminal.
The joint tariff service utilizes existing ET and Centurion pipeline assets that will be linked together via new connections in Oklahoma. The joint tariff service is expected to commence service by June 1, 2021. The joint tariff service may also be expanded to include an origin point of Guernsey, Wyoming. For parties interested in becoming a committed shipper, please contact Misbah Tukdi at This email address is being protected from spambots. You need JavaScript enabled to view it. or Scott Hutson at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Energy Transfer LP
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET, through its ownership of Energy Transfer Operating, L.P., also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer website at energytransfer.com.
About Centurion Pipeline L.P.
Centurion Pipeline L.P. is a crude oil pipeline operator that owns and operates approximately 3,000 miles of pipeline extending from southeast New Mexico across the Permian Basin of West Texas to delivery points at Midland, Texas, Cushing, Oklahoma, and Crane, Texas. With a significant crude oil storage facility in Midland, TX that has the capability to store approximately two million barrels of multiple qualities of crude oil, the company is well positioned to accommodate customer demand and provide connectivity to every long-haul pipeline from the Permian to the Texas Gulf Coast. Centurion is a wholly owned subsidiary of Lotus Midstream, LLC.
Energy Transfer Forward-Looking Statements
This news release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results are discussed in the Partnership’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission, including the Partnership’s Quarterly Report on Form 10-Q to be filed for the current period. In addition to the risks and uncertainties previously disclosed, the Partnership has also been, or may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic, and we cannot predict the length and ultimate impact of those risks. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
Energy Transfer Contacts
Investor Relations:
Bill Baerg
Brent Ratliff
Lyndsay Hannah
214-981-0795
Media Relations:
Vicki Granado
214-840-5820
Centurion Contact
Media Contact:
Casey Nikoloric
303.507.0510 m
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Acquisition supports Leeward’s aggressive growth strategy and furthers position as a leading U.S. renewable energy company
DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy, LLC (“Leeward”), a growth-oriented renewable energy company and portfolio company of OMERS Infrastructure, announced it has closed the previously announced acquisition of a utility-scale solar project platform of approximately 10-gigawatts (GW)AC from First Solar, Inc. (NASDAQ: FSLR), effective as of March 31, 2021. The project development platform includes 773 megawatts (MW) AC of projects that are expected to commence construction in the next two years, as well as the 30-MW AC Barilla Solar Project, which is operational.
The acquisition cements Leeward’s position as a leading renewable energy company and significantly expands its solar development portfolio, which now reaches 14 GW, as well as its geographic footprint across the Southeast and Southwest U.S. Each GW generates enough clean energy to power the equivalent of 230,000 homes.
Jason Allen, Chief Executive Officer of Leeward, said, “The acquisition of this development platform from First Solar gives Leeward an advanced solar pipeline that accelerates our growth as we continue to meet the needs of our customers. We are pleased to welcome the First Solar development team to the Leeward family as we embark on this next chapter with a shared commitment to build sustainable solutions for clean, renewable energy.”
Tom Frazier, Managing Director, OMERS Infrastructure, said, “The completion of this acquisition underscores our confidence in Leeward and support of the company’s growth strategy. We want to congratulate the Leeward team on this milestone, and express our thanks to First Solar as valued partners in the transaction. OMERS Infrastructure is proud to be invested in Leeward as we expand our investment in clean energy, consistent with our long-term plan to increase our footprint in this growing sector.”
At the close of the acquisition, 50 First Solar development team members joined Leeward, expanding Leeward’s total employees base to nearly 200, factoring in projected new hires by the end of 2021.
About Leeward Renewable Energy, LLC
Leeward Renewable Energy is a growth-oriented renewable energy company that owns and operates a portfolio of 22 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing new wind, solar, and energy storage projects in energy markets across the U.S. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$105 billion in net assets (as at December 31, 2020). For more information, visit www.leewardenergy.com.
Sard Verbinnen & Co.
Kelly Kimberly
+1.713.822.7538
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TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) announces that it has filed its Annual Report on Form 10-K today and that it will host a conference call to discuss its fourth quarter and full year 2020 results at 9:30 a.m. Eastern Time (“ET”) on Wednesday, April 7, 2021.
To access the call, participants should dial (844) 850-0546 for domestic callers and (412) 317-5203 for international callers. Please dial in ten minutes prior to the start of the call.
A live webcast of the conference call will be available from the Investor Relations section of the Company’s website at http://www.osg.com.
An audio replay of the conference call will be available starting at 11:30 a.m. ET on Wednesday, April 7, 2021 by dialing (877) 344-7529 for domestic callers and (412) 317-0088 for international callers and entering Access Code 10153746.
About Overseas Shipholding Group, Inc
Overseas Shipholding Group, Inc. (NYSE: OSG) is a publicly traded company providing energy transportation services for crude oil and petroleum products in the U.S. Flag markets. OSG is a major operator of tankers and ATBs in the Jones Act industry. OSG’s 22 vessel U.S. Flag fleet consists of three crude oil tankers doing business in Alaska, two conventional ATBs, two lightering ATBs, three shuttle tankers, ten MR tankers, and two non-Jones Act MR tankers that participate in the U.S. Maritime Security Program. OSG also currently owns and operates two Marshall Islands flagged MR tankers which trade internationally.
OSG is committed to setting high standards of excellence for its quality, safety and environmental programs. OSG is recognized as one of the world’s most customer-focused marine transportation companies and is headquartered in Tampa, FL. More information is available at www.osg.com.
Investor Relations & Media Contact:
Susan Allan, Overseas Shipholding Group, Inc.
(813) 209-0620
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CINCINNATI--(BUSINESS WIRE)--Mike Albert announced today that its vehicle subscription service, Subscribe with Mike Albert, now offers an electric vehicle (EV) membership plan. This plan is in addition to the company’s other three subscription options.
The EV membership plan will feature the Tesla Model 3, allowing subscribers to drive a luxury EV without the hassle of leasing or buying. Like all Mike Albert subscription plans, the EV plan will include full-coverage insurance, all routine maintenance, concierge delivery, 30-day vehicle swap options, and 24-hour roadside assistance, all in one monthly fee.
“The world is evolving. The automotive industry is evolving. We know that electrification is here now and will continue to grow significantly in the future,” said Tom Guy, General Manager of Subscription Services at Mike Albert. “We want to make sure our community has a ‘try-before-you-buy’ EV option so they can utilize an electric vehicle for an extended period of time before they choose to purchase.”
Mike Albert has been a leader in the automotive electrification movement for the past ten years and continues to take steps in the right direction of sustainable living. From recently creating the Sales & Fleet Electrification Director position to introducing this new EV membership plan to Subscribe, Mike Albert encourages both fleet clients and the community to keep carbon footprint reduction on the forefront of their minds.
Subscribe is available to customers living within a 75-mile radius of Mike Albert’s flagship Evendale location. Your monthly subscription fee allows you to swap vehicles every thirty days. You have the option to upgrade or downgrade to other plans depending on your current needs and signing up is made simple in the mobile app, Subscribe with Mike Albert.
To learn more about Subscribe with Mike Albert’s new membership plan, visit subscribe.mikealbert.com.
About Mike Albert
Mike Albert is a future-focused mobility company, 63 years in the making, that’s home to three business units – Fleet Solutions, Sales & Service and Rental. Mike Albert is proudly rooted in Cincinnati, Ohio, but serves clients nationwide. Whether you need the ways and means to transport people, products or services, Mike Albert associates pride themselves on matching you with the right vehicles, financing and services to help you achieve your goals today and tomorrow.
Mike Albert Fleet Solutions
Chris Parrott
VP, Marketing
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today announced that it has entered into a definitive purchase agreement to acquire the leasehold interests and related assets of DoublePoint Energy (DoublePoint) in a transaction valued at approximately $6.4 billion as of April 1, 2021, comprised of approximately 27.2 million shares of Pioneer common stock, $1 billion of cash and the assumption of approximately $0.9 billion of debt and liabilities.
Scott D. Sheffield, Pioneer’s CEO stated, “DoublePoint has amassed an impressive, high quality footprint in the Midland Basin, comprised of tier one acreage adjacent to Pioneer’s leading position. We are pleased with their decision to become long-term partners with Pioneer in a transaction that will complement our unmatched position in the core of the Permian Basin. Pioneer will incorporate these assets into our investment model, migrating the assets from significant production growth to a free cash flow model, moderating growth for the U.S. shale industry and generating significant value for our shareholders.”
Transaction Enhances Investment Framework
Geoffrey Strong, Senior Partner and Co-Head of Infrastructure and Natural Resources at Apollo, commented, “The combination of Pioneer and DoublePoint is compelling from both a financial and operational standpoint and a natural fit for DoublePoint. This acquisition continues the trend of consolidation in the prolific Permian Basin, combining two complementary footprints in a transaction with both top- and bottom-line synergies.” Dheeraj Verma, President of Quantum Energy Partners added, “we are firm believers in Pioneer’s strategy of free cash flow generation, which enables a competitive base and strong variable dividend.”
Cody Campbell and John Sellers, Co-CEO’s of DoublePoint Energy said, “We are proud and appreciative of the work that our team has done to build a company and an asset base that is unparalleled in quality and truly cannot be replicated. We are honored to have the opportunity to combine our business with Pioneer, who we have long admired and regard as the premiere operator in the Midland Basin. The fit and the synergies are clear, and we look forward to working with Pioneer to continue creating value.”
Transaction Details
Pioneer will issue approximately 27.2 million shares of common stock in the transaction with an additional $1 billion of cash. After closing, existing Pioneer shareholders will own approximately 89% of the combined company and existing DoublePoint owners will own approximately 11% of the combined company. Pioneer plans to finance the cash portion of the purchase price through a combination of cash on-hand and existing borrowing capacity under its revolving credit facility.
The transaction has been unanimously approved Pioneer’s Board of Directors and is expected to close in the second quarter of 2021, subject to customary closing conditions and regulatory approvals.
The transaction is structured as the acquisition by a Pioneer subsidiary of 100% of the limited liability company interests of DoublePoint’s wholly owned subsidiary, Double Eagle III Midco 1 LLC.
Webcast Discussion
In conjunction with this release, the Company posted a pre-recorded webcast and associated investor presentation to its website.
To view the webcast and associated presentation, visit www.pxd.com > Investors > Earnings & Webcasts.
To access the presentation slides, visit www.pxd.com > Investors > Investor Presentations.
The webcast will be archived on Pioneer’s website and can be accessed here. This replay will be available through April 27, 2021.
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
DoublePoint Energy is a Fort Worth, Texas based upstream oil and gas company, led by the Double Eagle management team in partnership with FourPoint Energy. DoublePoint is backed by equity commitments from Apollo Global Management, Inc. (NYSE: APO), Quantum Energy Partners, Magnetar Capital, and GSO Capital Partners, LP.
Cautionary Statement Regarding Forward-Looking Information
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements and the business prospects of Pioneer are subject to a number of risks and uncertainties that may cause Pioneer’s actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, the risk that the companies’ businesses will not be integrated successfully; the risk that the cost savings, synergies and growth from the proposed transaction may not be fully realized or may take longer to realize than expected; the diversion of management time on transaction-related issues; the effect of future regulatory or legislative actions on the companies or the industries in which they operate, including the risk of new restrictions with respect to development activities on the companies’ assets; the risk that Pioneer’s credit ratings may be different from what the Company expects; the risk that a party to the transaction may be unable to obtain governmental and regulatory approvals required for the proposed transaction, or that required governmental and regulatory approvals may delay the proposed transaction or result in the imposition of conditions that could reduce the anticipated benefits from the proposed transaction or cause the parties to abandon the proposed transaction; the risk that a condition to closing of the proposed transaction may not be satisfied; the length of time necessary to consummate the proposed transaction, which may be longer than anticipated for various reasons; potential liability resulting from pending or future litigation; changes in the general economic environment, or social or political conditions, that could affect the businesses; the potential impact of the announcement or consummation of the proposed transaction on relationships with customers, suppliers, competitors, management and other employees; the effect of this communication on Pioneer stock price; transaction costs; volatility of commodity prices; product supply and demand; the impact of a widespread outbreak of an illness, such as the COVID-19 pandemic, on global and U.S. economic activity; competition; the ability to obtain environmental and other permits and the timing thereof; the ability to obtain approvals from third parties and negotiate agreements with third parties on mutually acceptable terms; potential liability resulting from pending or future litigation; the costs and results of drilling and operations; availability of equipment, services, resources and personnel required to perform the companies’ drilling and operating activities; access to and availability of transportation, processing, fractionation, refining, storage and export facilities; Pioneer's ability to replace reserves; implement its business plans or complete its development activities as scheduled; access to and cost of capital; the financial strength of counterparties to Pioneer's credit facility, investment instruments and derivative contracts and purchasers of the companies’ oil, natural gas liquids and gas production; uncertainties about estimates of reserves; identification of drilling locations and the ability to add proved reserves in the future; the assumptions underlying forecasts, including forecasts of production, cash flow, well costs, capital expenditures, rates of return, expenses, cash flow and cash flow from purchases and sales of oil and gas, net of firm transportation commitments; sources of funding; tax rates; quality of technical data; environmental and weather risks, including the possible impacts of climate change; cybersecurity risks; the risks associated with the ownership and operation of the Company's oilfield services businesses and acts of war or terrorism. These and other risks are described in Pioneer's Annual Report on Form 10-K for the year ended December 31, 2020, Quarterly Reports on Form 10-Q filed thereafter and other filings with the United States Securities and Exchange Commission. In addition, the companies may be subject to currently unforeseen risks that may have a materially adverse effect on the combined company. Accordingly, no assurances can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Pioneer undertakes no duty to publicly update these statements except as required by law.
Pioneer Natural Resources Company Contacts:
Investors
Neal Shah – 972-969-3900
Tom Fitter – 972-969-1821
Michael McNamara – 972-969-3592
Greg Wright – 972-969-1770
Media and Public Affairs
Tadd Owens – 972-969-5760
DUBLIN--(BUSINESS WIRE)--The "Asia Pacific Oil and Gas Projects Outlook to 2025 - Development Stage, Capacity, Capex and Contractor Details of All New Build and Expansion Projects" report has been added to ResearchAndMarkets.com's offering.
The total number of oil and gas projects in the Asia Pacific expected to start operations from 2021 to 2025 are 1,979. Of these, upstream production projects constitute 278, midstream projects constitute 442, refinery projects constitute 182, and petrochemical projects constitute 1,077.
Scope
Reasons to Buy
Key Topics Covered:
1. Introduction
2. Oil and Gas Projects Outlook in Asia Pacific
2.1 Oil and Gas Projects in Asia Pacific, Overview of Projects Data
2.2 Oil and Gas Projects in Asia Pacific, Projects by Sector
2.3 Oil and Gas Projects in Asia Pacific, Projects by Type
2.4 Oil and Gas Projects in Asia Pacific, Projects by Stage
2.5 Oil and Gas Projects in Asia Pacific, Projects by Key Countries
3. Oil and Gas Projects Outlook in China
3.1 Oil and Gas Projects in China, Overview of Projects Data
3.2 Oil and Gas Projects in China, Projects by Sector
3.3 Oil and Gas Projects in China, Projects by Type
3.4 Oil and Gas Projects in China, Projects by Stage
3.5 Oil and Gas Projects in China, Projects Development Stage, Capacity, Project Cost, and Contractor Details
4. Oil and Gas Projects Outlook in India
5. Oil and Gas Projects Outlook in Indonesia
6. Oil and Gas Projects Outlook in Australia
7. Oil and Gas Projects Outlook in Malaysia
8. Oil and Gas Projects Outlook in Pakistan
9. Oil and Gas Projects Outlook in Vietnam
10. Oil and Gas Projects Outlook in Thailand
11. Oil and Gas Projects Outlook in South Korea
12. Oil and Gas Projects Outlook in Bangladesh
13. Oil and Gas Projects Outlook in Philippines
14. Oil and Gas Projects Outlook in Brunei
15. Oil and Gas Projects Outlook in Myanmar
16. Oil and Gas Projects Outlook in Taiwan
17. Oil and Gas Projects Outlook in Nepal
18. Oil and Gas Projects Outlook in Japan
19. Oil and Gas Projects Outlook in Sri Lanka
20. Oil and Gas Projects Outlook in New Zealand
21. Oil and Gas Projects Outlook in Papua New Guinea
22. Oil and Gas Projects Outlook in Timor-Leste
23. Oil and Gas Projects Outlook in Singapore
24. Oil and Gas Projects Outlook in Laos
25. Oil and Gas Projects Outlook in Afghanistan
26. Oil and Gas Projects Outlook in Cambodia
27. Oil and Gas Projects Outlook in Mongolia
28. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/9bkjj5
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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The impact of the Electrification of Africa could be bigger than the Industrial Revolution
MONTREAL--(BUSINESS WIRE)--#ANSER--Jonathan Kalombo Tshimpaka, the Founder & CEO of Insolation Solaire Inc., a Canadian solar energy startup, signed a Public Private Partnership [PPP] with the Democratic Republic of Congo to deploy its novel solar optical module technology called “Oriens Duo” to test its innovative technology in rural areas of the DRC.
ANSER's, the government’s agency assigned to promote the electrification of Congo’s rural sectors, goal is to supply electricity to approximately 15 million inhabitants living in rural areas by 2024.
ANSER is the state entity that signed the Protocol of Agreement with Insolation Solaire Inc. This partnership will commence with a Pilot Project in an area named Kabeya Kamuanga, in the province of Kasaï in May 2021.
Oriens Duo was invented by the Chief Technical Officer (CTO) of Insolation Solaire Inc., Gilles Leduc. It uses 40% efficient Quantum Dot Triple Junction solar cells coupled with a Winston Cone to concentrate solar radiations towards the substrate. Furthermore, Oriens Duo includes a mechanism of heat transfer to produce thermal energy as a byproduct for the end user, which makes it a hybrid system. The technology enables air conditioner as well, which will be immensely appreciated in Congo where temperatures are very hot and humid.
Insolation Solaire Inc. has captured the essence of evolution and is setting a new standard in the solar industry. As the African market is growing at a staggering rate, the development of novel technologies using a methodology resembling that of Oriens Duo is practically non-existent. Consequently, it is an unprecedented opportunity for Insolation Solaire Inc. to capitalize and forge an enduring empire fueled by the sun.
The political climate of the Democratic Republic of Congo has been stabilizing since the peaceful and mindful strategist, President Felix Antoine Tshilombo Tshisekedi, has been in power and recently been elevated to the status of President of the African Union.
“I believe that President Tshisekedi can unite Africa. Congo being the heart and the trigger of Africa, our work could send shockwaves of a modernization across the continent. Hence, I am wholeheartedly welcoming North American investors to help lay the foundation of this magnificent project,” said the 32 years old CEO, Jonathan Kalombo Tshimpaka.
438-378-7284
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Jonathan K. Tshimpaka
DUBLIN--(BUSINESS WIRE)--The "Leadership Quadrant of Oil and Gas Pipe Suppliers - 2021" report has been added to ResearchAndMarkets.com's offering.
The oil and gas pipe manufacture landscape is diverse and continually evolving. Major players in oil and gas pipe market have diversified product portfolios, strong geographical reach, and have made several strategic initiatives. The dynamics of the oil and gas pipe 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 pipe has increased due to growing infrastructure and pipeline construction, ultra-deep drilling activities, and increasing penetration of shale gas production in the oil and gas pipe market. Oil and gas pipes are used for a variety of applications, such as exploration & production pipe and transportation and distribution pipe and is forecast to grow at a CAGR of 3%. The major growth drivers for this market are the growth in oil and gas drilling activities, increasing industrial production, growing shale gas exploration activities, and rising GDP.
Firms that produce oil and gas pipe 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 pipe suppliers and has come up with a comprehensive research report, "Leadership Quadrant and Strategic Positioning of Oil and Gas Pipe 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 pipe market and rates each oil and gas pipe 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, eight companies such as Tenaris, Vallourec, OAO TMK, National Oilwell Varco, United States Steel, Nippon Steel & Sumitomo Metals, JFE, and Allegheny Technologies were analyzed and profiled because they are the top revenue producers for oil and gas pipe. The eight 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. Tenaris Profile
3.1: Company Overview
3.1.1: Tenaris Company Description and Business Segments
3.1.2: Tenaris Company Statistics
3.2: Oil and Gas Pipe Business Overview
3.2.1: Oil and Gas Pipe Business Segment
3.2.2: Global Oil and Gas Pipe 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 Pipe 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 Pipe 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. Vallourec Profile
5. OAO TMK Profile
6. National Oilwell Varco Profile
7. United States Steel Profile
8. Nippon Steel & Sumitomo Metals Profile
9. JFE Profile
10. Allegheny Technologies Profile
For more information about this report visit https://www.researchandmarkets.com/r/w3dhd4
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Jason Blevins joins EPIC Midstream as Chief Operating Officer
SAN ANTONIO--(BUSINESS WIRE)--EPIC Midstream Holdings, LP (“EPIC” or “the Company”) today announced Jason Blevins has joined EPIC as the Chief Operating Officer effective March 22, 2021. He will report to Brian Freed, the Company’s Chief Executive Officer.
“I am very excited to have Jason join the leadership team of EPIC,” said Mr. Freed. “He brings a wealth of operational experience and knowledge that will greatly benefit our customers, employees and partners. Jason will be instrumental in optimizing our asset base as we complete our transition from a development focused company to a premier operating company.”
Mr. Blevins has spent the greater part of the last decade successfully leading operational teams and assets in the Permian Basin and Texas Gulf Coast. Prior to joining EPIC, he served as a Managing Director, Portfolio Management, of Ares Management’s Private Equity Group. Prior to Ares, Jason served as Vice President at Plains All American where he led the pipeline and terminal operations in Texas and New Mexico. Mr. Blevins began his career in the United States Air Force serving as a Civil Engineering Officer.
Mr. Blevins holds a Bachelor of Science in Civil Engineering from the United States Air Force Academy and a Master of Science in Engineering Management from the United States Air Force Institute of Technology.
About EPIC Midstream Holdings, LP
EPIC was formed in 2017 to build, own and operate midstream infrastructure in both the Permian and Eagle Basins. EPIC operates the EPIC Crude Oil Pipeline and the EPIC NGL Pipeline that span approximately 700-miles servicing the Delaware, Midland and Eagle Ford Basins. EPIC is a portfolio company of funds managed by the Private Equity Group of Ares Management Corporation (NYSE: ARES). For more information, visit www.epicmid.com.
EPIC Midstream Holdings, LP
David McArthur
Corporate Communications Director
(210) 446-1059
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An all-in-one package provides tools, training, and guidance to successfully lead an ISA/IEC 62443-3-2 compliant risk assessment per the Cyber PHA methodology for industrial asset owners.
GREENVILLE, S.C.--(BUSINESS WIRE)--#CyberPHA--aeCyberSolutions, the Industrial Cybersecurity division of aeSolutions, announces the aeCyberPHA Facilitation Suite for industrial asset owners looking to self-perform, maintain, and manage cyber PHA (process hazards analysis) cyber-safety risk assessments. The suite includes an all-in-one package of the tools, training, and guidance needed to successfully lead an ISA/IEC 62443-3-2 compliant risk assessment per the proven cyber PHA methodology.
“Choosing the right method to assess cybersecurity risk can be a challenge, and effectively conducting studies can be more challenging still. As a result, many operational technology (OT) professionals lack the necessary experience and tools to facilitate and maintain cyber PHAs,” said John Cusimano, Vice President of aeCyberSolutions. “With the aeCyberPHA Facilitation Suite, the entire organization will quickly realize the benefits of ownership of the cyber PHA process and will be able to effectively make the connection between process safety and cybersecurity risk.”
While cyber PHA is a proven method in the industrial industry, it can still lead to sub-par results if the risk assessment team lacks the tools and training needed to conduct the study effectively and efficiently. Risk assessment work processes and templates, while seemingly simple, are notoriously challenging to develop and manage.
What has become the de facto methodology for ICS risk assessment, Cyber PHA links realistic threat scenarios with known vulnerabilities and existing countermeasures and couples them with credible consequences from the PHA to determine cyber risk. For facilities that do not have a formal PHA, credible worst-case scenarios are incorporated into the template. The toolset codifies aeCyberSolutions’ internal knowledge and expertise that have been refined in executing hundreds of successful cyber PHA studies, including risk assessment templates, company-specific template customization, integrated libraries, comprehensive training, and expert support guides.
“Until now, asset owners have had to hire consultants or develop internal tools to conduct Cyber PHAs,” Cusimano added. “Our new facilitation suite is truly the first of its kind in the industry and leverages our team’s tremendous experience and best practices in leading hundreds of studies and dozens of custom risk assessments to build an ideal toolset and training for Cyber PHA teams. Users of the facilitation suite will find that the toolset is easily adopted across different industry sectors and product lines, while leveraging the integrated library of common recommendations and industry best practices.”
About aeCyberSolutions™
aeCyberSolutions, the Industrial Cybersecurity division of aeSolutions, exclusively provides industrial cybersecurity services including risk assessments, program development, implementation, support, and training to clients in oil and gas, chemicals, maritime, water, industrial gases, and other process industries. A leader in the intersection of cybersecurity and process safety, aeCyberSolutions helps clients identify and address cybersecurity risks in a manner that is consistent with the engineering methods already in place for process safety risk management. They do so by leveraging existing information and practices while presenting a single, consistent expression of risk to senior management. The aeCyberSolutions team is exclusively staffed with personnel who have strong industrial automation backgrounds and general IT and IT security backgrounds and credentials. This combination of IT and Operational Technology (OT) expertise is essential for working in the field of industrial cybersecurity. aeCyberSolutions is based in Greenville, SC. For more information, visit www.aesolutions.com/aecyberpha-facilitation-suite, www.aeCyberSolutions.com, or follow @aesolns.
Kari Walker for aeCyberSolutions
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@KariWalkerPR
Acquiring Operated Assets from Tracker Resource Development III and Related Well-Bore Interests from Sequel Energy Group
THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) today announced that it has entered into definitive agreements to acquire privately held operated assets located in the Midland Basin (the “Tracker Acquisition”) from Tracker Resource Development III, LLC and an affiliate (“Tracker”) and from affiliates of Sequel Energy Group LLC (“Sequel”), which hold well-bore interests in certain of the producing wells operated by Tracker. Tracker is backed by 1901 Partners Management LP and EnCap Investments L.P. (“EnCap”), with each holding a 49% ownership interest and Tracker management holding the remainder. The aggregate purchase price of the Tracker Acquisition is approximately $126.5 million consisting of $81.6 million in cash, subject to customary closing adjustments, and 6.2 million shares of Earthstone’s Class A common stock valued at $44.9 million based on a closing share price of $7.24 on March 30, 2021. The effective date of the Tracker Acquisition will be March 1, 2021, with closing anticipated early in the third quarter of 2021.
Asset highlights:
Impact on Earthstone:
Management Comments
Mr. Robert J. Anderson, President and CEO of Earthstone, commented, “This acquisition, on the heels of closing the IRM acquisition in early January, is a complementary next step in what we view as continued progress of our consolidation strategy. We paid an attractive price for this producing asset, and while the inventory may not fit into our capital plans this year, the 49 drilling locations represent low-risk and repeatable upside value not included in our purchase price valuation. These low-cost assets will continue our efforts to reduce overall per unit cash costs and deliver high operating margins. We intend to continue seeking other value-enhancing transactions that increase our operational and corporate cost efficiencies while maintaining financial discipline, ultimately benefitting our shareholders via stock price appreciation.”
Transaction Consideration and Sources
The total consideration for the Tracker Acquisition consists of $81.6 million in cash, subject to customary closing adjustments, and approximately 6.2 million shares of Earthstone’s Class A common stock, which represents 7.4% of total Class A and Class B common stock on a pro forma basis. Earthstone intends to fund the cash portion of the consideration and fees and expenses with cash on hand and new borrowings under its Credit Facility. Earthstone expects to complete a redetermination of the borrowing base under its Credit Facility in the near term that will serve as the regularly scheduled redetermination and will also incorporate the impact of the Tracker Acquisition conditional upon closing of the acquisition.
The total consideration of $126.5 million is allocated ~50% to Tracker and ~50% to Sequel. EnCap, a current beneficial owner of ~49.4% of Earthstone’s total Class A and Class B common stock, will indirectly receive an additional 2.3 million shares of Class A common stock through its minority ownership of Tracker. Adjusted for the equity consideration to the respective parties, EnCap’s beneficial ownership of Earthstone’s total Class A and Class B common stock will be reduced to 48.5%.
Approvals
The Audit Committee of the board of directors of Earthstone approved and recommended the Tracker Acquisition to the board of directors of Earthstone, which has approved the Tracker Acquisition. The Tracker Acquisition is further subject to the approval of Earthstone stockholders, including a majority of the shares held by stockholders other than EnCap and executive management. Warburg Pincus LLC has provided a support agreement pledging to vote its ~13.2 million shares of Class A common stock in favor of the Tracker Acquisition. The Tracker Acquisition has been approved by the board of managers of Tracker and by the board of managers of Sequel.
Other Details
Complete details of the terms of the Tracker Acquisition are set out in separate purchase and sale agreements with Tracker and Sequel. These agreements will be filed by Earthstone with the Securities and Exchange Commission (“SEC”) and will be available for viewing under its profile at www.sec.gov.
Please refer to Earthstone’s updated investor presentation found on its website for additional information on the Tracker Acquisition.
Advisors
Legal advisors included Jones & Keller, P.C. for Earthstone, Davis Graham & Stubbs LLP for Tracker and Welborn Sullivan Meck & Tooley, P.C. for Sequel. Northland Securities, Inc. provided a fairness opinion to Earthstone’s Audit Committee and Richards, Layton & Finger, P.A. acted as legal advisor to Earthstone’s Audit Committee. Jefferies LLC acted as financial advisor to Tracker and Sequel.
About Earthstone Energy, Inc.
Earthstone Energy, Inc. is a growth-oriented, independent energy company engaged in the development and operation of oil and natural gas properties. Its primary assets are located in the Midland Basin of west Texas and the Eagle Ford Trend of south Texas. Earthstone is listed on the New York Stock Exchange under the symbol “ESTE.” For more information, visit the Company’s website at www.earthstoneenergy.com.
_________________________
(1) |
Earthstone management estimate of Tracker three stream sales volumes for the month of March 2021. |
(2) |
PV-10 is a non-GAAP measure that differs from a measure under GAAP known as “standardized measure of discounted future net cash flows” in that PV-10 is calculated without including future income taxes. |
(3) |
Earthstone management estimate of proved developed producing reserve volumes and values as of March 1, 2021, discounting cash flows at a rate of 10% and utilizing NYMEX strip prices as of March 29, 2021. |
(4) |
Earthstone management estimate utilizing NYMEX strip prices as of March 29, 2021. |
(5) |
Leverage defined as total debt to LTM Adjusted EBITDAX (a non-GAAP financial measure). Adjusted EBITDAX defined as net (loss) income plus, when applicable, accretion of asset retirement obligations; impairment expense; depletion, depreciation and amortization; interest expense, net; transaction costs; (gain) loss on sale of oil and gas properties, net; exploration expense; unrealized loss (gain) on derivative contracts; stock-based compensation (non-cash); and income tax expense. |
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Statements that are not strictly historical statements constitute forward-looking statements and may often, but not always, be identified by the use of such words such as “expects,” “believes,” “intends,” “anticipates,” “plans,” “estimates,” “potential,” “possible,” or “probable” or statements that certain actions, events or results “may,” “will,” “should,” or “could” be taken, occur or be achieved. The forward-looking statements include statements about the expected benefits of the proposed Tracker Acquisition to Earthstone and its stockholders, the anticipated completion of the proposed Tracker Acquisition or the timing thereof, the expected future reserves, production, financial position, business strategy, revenues, earnings, costs, capital expenditures and debt levels of the combined company, and plans and objectives of management for future operations. Forward-looking statements are based on current expectations and assumptions and analyses made by Earthstone and its management in light of experience and perception of historical trends, current conditions and expected future developments, as well as other factors appropriate under the circumstances. However, whether actual results and developments will conform to expectations is subject to a number of material risks and uncertainties, including but not limited to: the ability to complete the proposed Tracker Acquisition on anticipated terms and timetable; Earthstone’s ability to integrate the assets acquired in the Tracker Acquisition and achieve anticipated benefits from it; the possibility that various closing conditions for the Tracker Acquisition may not be satisfied or waived; risks relating to any unforeseen liabilities of Earthstone or Tracker; declines in oil, natural gas liquids or natural gas prices; the level of success in exploration, development and production activities; adverse weather conditions that may negatively impact development or production activities; the timing of exploration and development expenditures; inaccuracies of reserve estimates or assumptions underlying them; revisions to reserve estimates as a result of changes in commodity prices; impacts to financial statements as a result of impairment write-downs; risks related to level of indebtedness and periodic redeterminations of the borrowing base under the Credit Facility; Earthstone’s ability to generate sufficient cash flows from operations to fund all or portions of its future capital expenditures budget; Earthstone’s ability to obtain external capital to finance exploration and development operations and acquisitions; the ability to successfully complete any potential asset dispositions and the risks related thereto; the impacts of hedging on results of operations; uninsured or underinsured losses resulting from oil and natural gas operations; Earthstone’s ability to replace oil and natural gas reserves; any loss of senior management or technical personnel; and the direct and indirect impact on most or all of the foregoing on the evolving COVID-19 pandemic. Earthstone’s annual report on Form 10-K for the year ended December 31, 2020, quarterly reports on Form 10-Q, recent current reports on Form 8-K, and other SEC filings discuss some of the important risk factors identified that may affect Earthstone’s business, results of operations, and financial condition. Earthstone, Tracker and Sequel undertake no obligation to revise or update publicly any forward-looking statements except as required by law.
Additional Information About the Proposed Tracker Acquisition
This release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of a vote or proxy.
In connection with the proposed Tracker Acquisition, Earthstone intends to file with the SEC and mail to its stockholders a proxy statement and other relevant documents in connection with the proposed Tracker Acquisition. EARTHSTONE URGES INVESTORS AND STOCKHOLDERS TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT EARTHSTONE, TRACKER, SEQUEL AND THE PROPOSED TRACKER ACQUISITION. Investors and stockholders will be able to obtain these materials (when they are available) and other documents filed with the SEC free of charge at the SEC’s website, www.sec.gov. In addition, a copy of the proxy statement (when it becomes available) may be obtained free of charge from Earthstone’s website at www.earthstoneenergy.com. Investors and stockholders may also read and copy any reports, statements and other information filed by Earthstone, with the SEC, at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 or visit the SEC’s website for further information on its public reference room. In addition, the documents filed with the SEC by Earthstone can be obtained free of charge from Earthstone’s website at www.earthstoneenergy.com or by contacting Earthstone by mail at 1400 Woodloch Forest Drive, Suite 300, The Woodlands, Texas, 77380, or by telephone at (281) 298-4246.
Participants in the Solicitation
Earthstone and its directors, executive officers and certain other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed Tracker Acquisition. Information regarding Earthstone’s directors and executive officers is available in its proxy statement filed with the SEC by Earthstone on April 23, 2020 in connection with its 2020 annual meeting of stockholders and its Current Report on Form 8-K filed with the SEC on January 13, 2021. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available.
This release shall not constitute an offer to sell or the solicitation of any offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Mark Lumpkin, Jr.
Executive Vice President – Chief Financial Officer
Earthstone Energy, Inc.
1400 Woodloch Forest Drive, Suite 300
The Woodlands, TX 77380
281-298-4246
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Scott Thelander
Vice President of Finance
Earthstone Energy, Inc.
1400 Woodloch Forest Drive, Suite 300
The Woodlands, TX 77380
281-298-4246
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DUBLIN--(BUSINESS WIRE)--The "Global Offshore Oil and Gas Seismic Equipment and Acquisitions Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The publisher has been monitoring the offshore oil and gas seismic equipment and acquisitions market and it is poised to grow by $1.65 billion during 2021-2025 progressing at a CAGR of 8% during the forecast period.
The report on offshore oil and gas seismic equipment and acquisitions market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing investments in offshore upstream sector and growing demand for oil and natural gas.
The offshore oil and gas seismic equipment and acquisitions market analysis includes technology segment and geographical landscapes. This study identifies the rise in deepwater and ultra-deepwater E&P projects as one of the prime reasons driving the offshore oil and gas seismic equipment and acquisitions market growth during the next few years.
Companies Mentioned
The report on offshore oil and gas seismic equipment and acquisitions market covers the following areas:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Technology
6. Customer landscape
7. Geographic Landscape
8. Vendor Landscape
9. Vendor Analysis
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/u11k5o
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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MONTREAL--(BUSINESS WIRE)--$LMR #Graphite--Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) (Lomiko or the “Company”) is pleased to announce the selection of Ausenco Engineering Canada Inc. (“Ausenco”) as the lead study consultant to complete the preliminary economic assessment (“PEA”) for the Company’s La Loutre Flake Graphite Property (“La Loutre” or the “Project”). The Project includes the Graphene Battery (GB) zone to the south and the Electric Vehicle (EV) zone to the north. The PEA will be completed by Ausenco in accordance with National Instrument 43-101 (“NI 43-101”).
The Project is located only 192 km north-west of the Port of Montreal and 100 km west of Saint-Jérôme, Quebec where the Quebec and Federal governments announced March 15, 2021 that they will each provide $50 million to Lion Electric to build a battery pack assembly plant.
Ausenco is a globally-diversified engineering, construction and project management company providing consulting, project delivery and asset management solutions to the resources, energy and infrastructure sectors. Ausenco’s specialist environmental group Hemmera will provide support from Montreal, Quebec and Moose Mountain Technical Services will be responsible for the resource estimate and mine design. Ausenco’s experience in mining projects, ranges from conceptual, pre-feasibility and feasibility studies for new project developments to project execution with EPCM and EPC delivery. Their involvement in the study and execution of projects similar to La Loutre will be invaluable in driving optimized value enhancing outcomes for the stakeholders.
Quebec’s Role in The New Green Economy
In 2020, The Quebec Government released the Quebec Plan for Development of Critical and Strategic Minerals (“The Quebec Plan”) which indicates graphite demand would likely increase 300-500% in the coming decades as more is used in the production of spherical graphite for anode portion of Electric Vehicle Lithium-ion batteries. Quebec has an opportunity to play a vital role in reducing carbon emissions and become a key provider of critical battery materials to the North American economy.
For more information on Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: This email address is being protected from spambots. You need JavaScript enabled to view it..
On Behalf of the Board,
“A. Paul Gill”
Chief Executive Officer
A. Paul Gill
604-729-5312
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HOUSTON--(BUSINESS WIRE)--Solaris Midstream Holdings, LLC, parent company to Solaris Water Midstream, LLC (collectively, “Solaris Water”), has completed the issuance of $400 million in senior unsecured notes (the “Notes”) in a landmark issuance, pioneering the first sustainability-linked bond (SLB) in the produced water infrastructure industry. The Notes, which priced at par, will mature in 2026 and will pay an annual interest rate of 7.625%. The proceeds of the Notes were used to repay all borrowings under the revolving credit facility (the “Revolver”), to redeem all outstanding preferred equity and for general corporate purposes. Solaris Water also amended its Revolver to reflect a maturity date of April 1, 2025. The transaction simplifies the company’s capital structure, furthers its sustainability efforts, and adds liquidity and flexibility to support additional growth opportunities.
The Notes adhere to Solaris Water’s sustainability-linked bond framework, which is consistent with the voluntary Sustainability-Linked Bond Principles issued by the International Capital Market Association and provide for a long-term key performance indicator relating to Solaris Water’s large-scale produced water recycling. “We have been a pioneer in developing recycling infrastructure in the Permian Basin, and this sustainability-linked feature of the Notes recognizes Solaris Water’s long-term leadership in full-cycle produced water management," said Solaris Water President and Chief Operating Officer Amanda Brock. "Solaris Water continues to demonstrate our commitment to responsibly develop and operate our infrastructure to advance sustainability, while helping our customers achieve their environmental and social objectives.”
“We are excited to announce the closing of these transactions, which are transformative for Solaris Water on multiple levels and recognize our sustainability efforts to date, positioning us to deliver significant value to our customers, investors, shareholders and other stakeholders,” added Solaris Water Chief Executive Officer Bill Zartler. “We sincerely appreciate the support and trust of our lenders, customers and employees for the confidence they continue to show in Solaris Water. We believe our integrated produced water handling and recycling assets, blue-chip customer base and differentiated approach to full-cycle produced water management will continue to distinguish Solaris Water as oil and gas development in the Permian Basin progresses."
About Solaris Water
Solaris Water is an independent, environmentally focused water infrastructure company headquartered in Houston with regional offices in Carlsbad, New Mexico, and Midland, Texas. Solaris Water builds sustainable, long-term value through the construction and operation of high-capacity handling, recycling, groundwater supply and comprehensive water management solutions for many of the largest operators in the Permian Basin. More information about Solaris Water, including the Solaris Water sustainability-linked bond framework, can be found at www.solariswater.com.
Advisers
J.P. Morgan served as joint book-running manager and sole sustainability-linked bond structuring agent in the Notes offering. Wells Fargo served as joint book-running manager in the Notes offering and administrative agent in the Revolver amendment, with support in the Revolver from J.P. Morgan, Citizens Bank, Cadence Bank, Texas Capital Bank, Woodforest Bank and Iberia Bank. Gibson, Dunn & Crutcher LLP is serving as legal adviser to Solaris Water.
Forward-Looking Statements
This press release may include “forward-looking statements.” All statements, other than statements of historical fact, included in this press release that address activities, events or developments that Solaris Water expects, believes or anticipates will or may occur in the future are forward-looking statements, including statements relating to the benefits of the transaction, the company’s operations, prospects and strategy, and the impact of the company’s operations on its customers. These statements are based on certain assumptions made by Solaris Water based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement. Solaris Water undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after the issuance of this press release, except as required by law.
This press release is not an offer to sell or purchase, or a solicitation of an offer to sell or purchase, the notes, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom such an offer, solicitation or sale would be unlawful. The notes are only being offered to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Notes have not been registered under the Securities Act or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.
Information on any website referenced is not part of this release.
Casey Nikoloric
Managing Principal, TEN|10 Group
303.433.4397, x101 o
303.507.0510 m
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LAKE MARY, Fla.--(BUSINESS WIRE)--#ChangeinPower--Today, PW Power Systems officially changed its name to Mitsubishi Power Aero. Adopting the Mitsubishi Power brand is part of a larger effort to apply synergies that will benefit aero-derivative gas turbine customers. The strength of the aero-derivative product and services portfolio will be enhanced by further leveraging the resources and technologies of Mitsubishi Power Aero’s parent company.
“We are utilizing Mitsubishi Power supply chain assets around the world to support new equipment manufacturing as well as aftermarket services,” said Mitsubishi Power Aero President and CEO Raul Pereda. “Our Engineering teams are collaborating to make our gas turbines more competitive, including applications with hydrogen fuel, remote monitoring, and TOMONITM artificial intelligence. The financial resources of the broader group also allow us to offer more flexible commercial solutions to our customers. We are eager to collaborate with our customers to deliver power when the world needs it most.”
As electrification expands and the demand for reliable energy grows globally, the role of aero-derivative on-demand power has become even more critical. The socioeconomic cost of power shortages is significant and rising, and power system complexity is increasing due to factors such as rapid expansion of renewables, extreme weather events, electrification of transportation, energy storage, and alternative fuels, including hydrogen. The flexible power generation solutions provided by Mitsubishi Power are essential to helping customers balance their diverse energy requirements.
“On-demand power is a key component in how Mitsubishi Power brings total solutions to our customers,” Paul Browning, President and CEO of Mitsubishi Power Americas, said. “The FT8® MOBILEPAC® unit offers fast, turnkey power on short notice, and the FT4000® SWIFTPAC® gas turbine provides super-flexible power to customers who want to increase their use of intermittent renewable power, such as wind and solar. As the pace of decarbonization of energy increases across the globe, aero-derivative power is crucial to ensuring resource adequacy. We’re excited about integrating our supply chain, manufacturing, engineering, marketing, sales, service, and financial capabilities with the strong products, services, and turnkey project capabilities of Mitsubishi Power Aero. Together, we will work with our customers to create a Change in Power.”
About Mitsubishi Power Americas, Inc.
Mitsubishi Power Americas, Inc. headquartered in Lake Mary, Florida, employs more than 2,000 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North and South America. Mitsubishi Power’s power generation solutions include natural gas, steam, aero-derivative, geothermal, distributed renewable technologies, environmental controls, and services. Energy storage solutions include green hydrogen and battery energy storage systems. Mitsubishi Power also offers digital solutions that enable autonomous operations and maintenance of power assets. Mitsubishi Power, Ltd. is a wholly owned subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace and defense. For more information, visit the Mitsubishi Power Americas website and follow us on LinkedIn.
About Mitsubishi Power Aero LLC
Mitsubishi Power Aero LLC, headquartered in Glastonbury, Connecticut, USA, is a leader in the supply of fast-track, on-demand power solutions to global power producers and industrial and O&G customers. We provide flexible and customizable products and services, including aero-derivative gas turbine packages that generate 30 to 140 MW, tailored and responsive aftermarket services, turnkey EPC expertise, and battery storage. As the demand for electricity expands, and more renewables are added to power grids, Mitsubishi Power Aero will continue to play a vital role in providing energy security to customers around the world. Mitsubishi Power Aero is a group company of Mitsubishi Power Americas, Inc. Connect with us at aero.power.mhi.com and LinkedIn.
Communications Contact
Stefan L. Zavatone
+1 860-368-5499
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Nonprofit solar financier expects to double its impact in 2021 through emerging philanthropic investment vehicle
SAN FRANCISCO--(BUSINESS WIRE)--$Solar #impactinvesting--RE-volv, a nonprofit organization and leading financier of solar for community-serving nonprofits, announces the launch of a $10M recoverable grant investment opportunity to help unlock the market for solar in communities that bear the brunt of pollution and climate change. RE-volv has already received its first three recoverable grants totalling $275,000 through leading national donor advised funds facilitated by CapShift, an impact investing firm that helps facilitate recoverable grants.
RE-volv expects this fund, representing a new model for financing for solar projects, to more than double its year-over-year impact, allowing it to finance 3MW of solar for nonprofits that provide critical services in communities facing outsized impact from the economic downturn.
“Lack of access to up-front capital has made it especially difficult for nonprofits serving some of the most environmentally and economically impacted communities to reap the benefits of solar,” said Andreas Karelas, RE-volv founder and executive director. “Unlocking new sources of capital to ensure equitable solar access for all will transform the energy landscape, and leave communities more resilient and more sustainable.”
Recoverable grants are a growing philanthropic trend in which donors recoup their funds plus a small return when a certain impact milestone is met. RE-volv will use the capital to finance solar projects for nonprofits, who then pay RE-volv for the power at an average of 15% less than their local utility rates. RE-volv is able to repay the grant and make a small return to the donating organization so they can give to future charitable projects.
This new model builds on RE-volv’s original revolving fund, which used crowdfunding to generate project capital. A $10 Million commitment from Trisolaris, LLC in 2019 has already allowed RE-volv to dramatically increase both the size and number of installations. Through this commitment, RE-volv will bring 17 new projects totalling 2.9MW of power online by the end of 2021, compared with just 400kW in 28 projects in the previous nine years.
The new recoverable grant fund will help RE-volv continue to scale its solar finance program and meet a growing demand for clean energy from the nonprofit sector. RE-volv is partnering with CapShift to support the recoverable grant initiative.
Sydney Lund, This email address is being protected from spambots. You need JavaScript enabled to view it., (415) 275-0342
Former IBM’s Weather Business Solutions Global Head of Sales Durjoy Mazumdar Joins Spire as Weather Solutions Sales Executive
SAN FRANCISCO & RESTON, Va.--(BUSINESS WIRE)--Spire Global, Inc. (“Spire” or the “Company”) a leading global provider of space-based data and analytics that recently announced a planned business combination with NavSight Holdings, Inc. (NYSE: NSH), announced today that Durjoy Mazumdar, the former Global Head of Enterprise Sales at The Weather Company, an IBM Business, has joined Spire as Sales Executive of Weather Solutions. Mr. Mazumdar will report to John Lusk, Senior Vice President and General Manager of Spire’s Global Data Services division.
“The addition of an industry leader like Durjoy is an important step in executing on our growth strategy across key verticals and geographies. We believe his experience and expertise will help us accelerate our sales and marketing efforts and drive continued product development across our weather segment, further strengthening our competitive advantage,” commented Peter Platzer, Founder and Chief Executive Officer of Spire.
Spire produces precise atmospheric radio occultation measurements, which can drive valuable weather prediction services. Collecting satellite AIS, satellite ADS-B, and RO weather data, Spire’s space-based data can be combined and easily integrated into customers’ existing models and data systems to achieve a wide swath of weather-impacted business objectives.
Spire’s weather program is currently focused on developing its presence in five key markets:
“Weather impacts every decision a consumer makes each day, including which car a suburban resident might drive, when they turn on their air conditioner, what ads they see on television, and what day of the year they start drinking iced coffee, and these patterns play out on a larger scale and with greater import for our target markets of renewables, aviation, maritime, wildfires and agriculture,” Mr. Mazumdar commented. “There are many potential use cases for our space-based weather data services. Leading Spire’s weather efforts, I am working to advance our offering of valuable and business-oriented weather prediction solutions to our core markets, ensure we are building the specific products that will best serve these markets, and identify new regions and opportunities for expansion and future growth.”
“Our Global Data Services business has the opportunity to penetrate what we believe is an approximately $91 billion opportunity by 2025E across weather, aviation, orbital services, and maritime,” said Mr. Lusk. “Durjoy is a valuable and welcome addition to the Spire team as we build out our weather segment to identify new use cases and deliver traction with customers.”
Mr. Mazumdar brings a wealth of experience to Spire. Mr. Mazumdar was most recently the Global Head of Enterprise Sales at The Weather Company, an IBM Business. Mr. Mazumdar was previously VP of Sales, Americas at Enterprise DB; North American Vice President for Storage at Oracle; and served as North American Sales Manager at Sun Microsystems. Mr. Mazumdar graduated with a B.A. in environmental studies, computer science, and geology at Macalester College.
Spire expects to close its previously announced business combination with NavSight Holdings, Inc. in the summer of 2021.
For more information about Spire’s weather solutions, please visit www.spire.com/weather.
About Spire Global, Inc.
Spire is a global provider of space-based data and analytics that offers unique datasets and powerful insights about Earth from the ultimate vantage point so organizations can make decisions with confidence, accuracy, and speed. Spire uses a multi-purpose satellite constellation to source hard-to-acquire, valuable data and enriches it with predictive solutions. Spire then provides this data as a subscription to organizations around the world so they can improve business operations, decrease their environmental footprint, deploy resources for growth and competitive advantage, and mitigate risk. Spire gives commercial and government organizations the competitive advantage they seek to innovate and solve some of the world’s toughest problems with insights from space. Spire has offices in San Francisco, CA, Boulder, CO, Washington DC, Glasgow, Luxembourg, and Singapore. To learn more, visit http://www.spire.com.
About NavSight Holdings, Inc.
NavSight Holdings, Inc. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. NavSight was organized with the opportunity to pursue a business combination target in any business or industry, with the intent to focus its search on identifying a prospective target business that provides expertise and technology to U.S. government customers in support of their national security, intelligence and defense missions.
Additional Information and Where to Find It
In connection with the planned business combination with Spire (the “Proposed Transaction”), NavSight intends to file a Form S-4 Registration Statement (the “Registration Statement”) with the SEC, which will include a preliminary proxy statement to be distributed to holders of NavSight’s common stock in connection with NavSight’s solicitation of proxies for the vote by NavSight’s stockholders with respect to the Proposed Transaction and other matters as described in the Registration Statement, a prospectus relating to the offer of the securities to be issued to the Company’s stockholders in connection with the Proposed Transaction, and an information statement to Company’s stockholders regarding the Proposed Transaction. After the Registration Statement has been filed and declared effective, NavSight will mail a definitive proxy statement/prospectus, when available, to its stockholders. Investors and security holders and other interested parties are urged to read the proxy statement/prospectus, any amendments thereto and any other documents filed with the SEC carefully and in their entirety when they become available because they will contain important information about NavSight, the Company and the Proposed Transaction. Investors and security holders may obtain free copies of the preliminary proxy statement/prospectus and definitive proxy statement/prospectus (when available) and other documents filed with the SEC by NavSight through the website maintained by the SEC at http://www.sec.gov, or by directing a request to: NavSight Holdings, Inc., 12020 Sunrise Valley Drive, Suite 100, Reston, VA 20191.
Participants in Solicitation
NavSight and the Company and their respective directors and certain of their respective executive officers and other members of management and employees may be considered participants in the solicitation of proxies with respect to the Proposed Transaction. Information about the directors and executive officers of NavSight is set forth in its Form 10-K filed on March 29, 2021. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the Registration Statement and other relevant materials to be filed with the SEC regarding the Proposed Transaction when they become available. Stockholders, potential investors and other interested persons should read the Registration Statement carefully when it becomes available before making any voting or investment decisions. When available, these documents can be obtained free of charge from the sources indicated above.
No Offer or Solicitation
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.
Forward-Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of the federal securities laws with respect to the Proposed Transaction. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding expectations of accelerating Spire’s sales and marketing efforts, expectations of product development across Spire’s weather segment and the applicability of such products to Spire’s market, the strengthening of Spire’s competitive advantage, the importance of weather forecasting to Spire’s target markets, advance our offering of valuable and business-oriented weather prediction solutions to our core markets, the expansion of Spire’s business to new regions and markets, Spire’s future growth, estimates and forecasts of financial and performance metrics, expectations of achieving and maintaining profitability, projections of total addressable markets, market opportunity and market share, net proceeds from the Proposed Transactions, potential benefits of the Proposed Transaction and the potential success of the Company’s market and growth strategies, and expectations related to the terms and timing of the Proposed Transaction. These statements are based on various assumptions and on the current expectations of NavSight’s and the Company’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of NavSight and the Company. These forward-looking statements are subject to a number of risks and uncertainties, including (i) the risk that the Proposed Transaction may not be completed in a timely manner or at all, which may adversely affect the price of NavSight's securities; (ii) the risk that the Proposed Transaction may not be completed by NavSight's business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by NavSight; (iii) the failure to satisfy the conditions to the consummation of the Proposed Transaction, including the approval of the Proposed Transaction by the stockholders of NavSight, the satisfaction of the minimum trust account amount following any redemptions by NavSight's public stockholders and the receipt of certain governmental and regulatory approvals; (iv) the inability to complete the PIPE investment in connection with the Proposed Transaction; (v) the failure to realize the anticipated benefits of the Proposed Transaction; (vi) the effect of the announcement or pendency of the Proposed Transaction on Spire’s business relationships, performance, and business generally; (vii) risks that the Proposed Transaction disrupts current plans of Spire and potential difficulties in Spire employee retention as a result of the Proposed Transaction; (viii) the outcome of any legal proceedings that may be instituted against NavSight or Spire related to the business combination agreement or the Proposed Transaction; (ix) the ability to maintain the listing of NavSight’s securities on the New York Stock Exchange; (x) the ability to address the market opportunity for Space-as-a-Service; (xi) the risk that the Proposed Transaction may not generate expected net proceeds to the combined company; (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the Proposed Transaction, and identify and realize additional opportunities; (xiii) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement; (xiv) the risk of downturns, new entrants and a changing regulatory landscape in the highly competitive space data analytics industry; and those factors discussed in NavSight’s final prospectus filed on September 11, 2020 under the heading “Risk Factors,” and other documents of NavSight filed, or to be filed, with the SEC. If any of these risks materialize or the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither NavSight nor the Company presently know or that NavSight and the Company currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect NavSight’s and the Company’s expectations, plans or forecasts of future events and views as of the date of this press release. NavSight and the Company anticipate that subsequent events and developments will cause NavSight’s and the Company’s assessments to change. However, while NavSight and the Company may elect to update these forward-looking statements at some point in the future, NavSight and the Company specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing NavSight’s and the Company’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
For Spire Global, Inc.:
Investor Contact:
Michael Bowen and Ryan Gardella
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Media Contact:
Phil Denning
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For NavSight Holdings, Inc.:
Investor Contact:
Jack Pearlstein
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DUBLIN--(BUSINESS WIRE)--The "Yacht Charter - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Yacht Charter estimated at US$ 6.6 Billion in the year 2020, is projected to reach a revised size of US$ 9.3 Billion by 2027, growing at a CAGR of 5% over the period 2020-2027.
Motor, one of the segments analyzed in the report, is projected to record 5.1% CAGR and reach US$ 7.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Sailing segment is readjusted to a revised 4.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 8.1% CAGR
The Yacht Charter market in the U.S. is estimated at US$ 1.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 2 Billion by the year 2027 trailing a CAGR of 8.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
Select Competitors (Total 36 Featured):
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/pt6trk
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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