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LONDON--(BUSINESS WIRE)--#GlobalSubmersiblePumpMarket--The new submersible pump market research from Technavio indicates negative growth in the short term as the business impact of COVID-19 spreads.



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"One of the primary growth drivers for this market is the rapid growth in the construction sector”, says a senior analyst for the Industrials industry at Technavio. As the markets recover, Technavio expects the submersible pump market size to grow by USD 2.77 billion during the period 2020-2024.

Submersible Pump Market Segment Highlights for 2020

  • The submersible pump market is expected to post a year-over-year growth rate of -2.65%.
  • Based on the type, the market saw maximum growth in the borewell segment. Borewell pumps are low on maintenance and can adapt to acidic and sandy water conditions which make them ideal for industrial applications. This is one of the key factors driving the growth of the segment.
  • The growth of the market will be significant in the segment during the forecast period.

Regional Analysis

  • 53% of the growth will originate from the APAC region.
  • The growing adoption of IoT in the oil and gas industry is one of the key factors driving the growth of the market in APAC.
  • China and India are the key markets for submersible pumps in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Related Reports on Industrials Include:

Global Pumps Market for Oil and Gas Industry - Global pumps market for oil and gas industry is segmented by product (centrifugal and PD) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report

Global Industrial Heat Pumps Market - Global industrial heat pumps market is segmented by end-user (paper and pulp, food and beverage, chemical, automotive, and others) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report

Notes:

  • The submersible pump market size is expected to accelerate at a CAGR of over 2% during the forecast period.
  • The submersible pump market is segmented by type (Borewell and Open well) and geography (APAC, Europe, North America, MEA, and South America).
  • The market is fragmented due to the presence of many established vendors holding significant market share.
  • The research report offers information on several market vendors, including Atlas Copco AB, Flowserve Corp., General Electric Co., Grundfos Holding AS, Halliburton Co., Multiquip Inc., Schlumberger Ltd., Sulzer Ltd., The Weir Group Plc, and Xylem Inc.

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About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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SAN ANTONIO--(BUSINESS WIRE)--Heading into 2021, Massive Minerals Management announces six predictions that energy sector participants as well as mineral and royalty owners in particular, should consider as they prepare for potential outcomes and ramifications of the Covid-19 pandemic extending well into 2021. In sum, we will likely see artificially depressed energy demand, stagnating prices, depressed drilling activity, less production and cash flow leading to diminishing returns to investors, ultimately leading to the acceleration of capital flight and consolidation among industry participants.


“To be certain, Covid-19 has not single-handedly destroyed oil and gas prices. For a number of reasons, commodity prices were facing headwinds throughout 2019 and into 2020. The emergence of the coronavirus and its knock-on effects, however, converted these headwinds into a collective hurricane,” says attorney, Ben Holliday, founder of Massive Minerals Management.

Six predictions for energy industry participants – particularly mineral and royalty owners – to consider if the pandemic extends through 2021 and economic recovery materializes later than expected:

  1. Demand remains artificially depressed. While the coronavirus has not materially impacted the supply side or curtailed our ability to produce oil and gas, we have witnessed a catastrophic demand destruction; simply put, we are not using anywhere close to the number of hydrocarbons that we were one year ago. People have refrained from travel and moving about all together due to short-term government restrictions and/or health driven choices in direct relation to the virus. While the temporary alteration of consumer patterns may accelerate some portions of renewable energy, the underlying demand fundamentals for hydrocarbons are there, they are just artificially depressed/constrained.
  2. Depressed demand leads to a stagnating price. Until the world returns to pre-Covid consumption patterns and people are back on airplanes, in offices, and returning to stadiums, etc. oil prices should remain correspondingly depressed.
  3. A stagnated price will lead to more depressed drilling activity. 2021 is presently trending heavily towards operators moving into what has been referred to as ‘maintenance mode,’ meaning that capex is geared primarily towards generating free cash flow from existing assets. A prolonged pandemic through 2021 and into 2022 should deepen this commitment to maintaining the status quo over production growth.
  4. Less wells = less production = less cash flow. The ability to immediately reduce drilling provides operators short-term relief in terms of cost-savings; less money is going out the door. However, due to the short-cycle nature of unconventional oil and gas development, where the vast majority of production occurs in the first 6-18 months, a dramatic drop in drilling and well completions will in short order lead to a correspondingly dramatic drop in production and therefore cash flow. This then exacerbates a separate headwind to additional drilling – the market’s demand for returns. Should the pandemic depress demand and thus price through 2021, the corresponding decline in production will lead to a commensurate decline in cash flow available to operators, both to service debt and return to investors.
  5. Decrease in cash flow destroys returns to investors, which leads to the acceleration of capital flight and eventually consolidation. As oil and gas companies find themselves increasingly cut-off from traditional sources of funding, the status quo has dramatically changed. The industry as a whole has shifted from growth-focus to survival, and here survival depends on the financial means to weather the downturn. H2 2020 has seen well, or at least relatively well, capitalized majors begin the acquisition cycle in earnest, with major acquisitions by Chevron (acquiring Noble Energy), Pioneer (acquiring Parsley Energy), and Conoco (acquiring Concho Resources). Should the pandemic continue on through 2021, resulting in a continued low-price environment which leads to correspondingly low returns, the number of vulnerable companies faced with insolvency or acquisition will increase exponentially. Consolidation will occur en masse in all facets of the upstream oil and gas industry, including service providers.
  6. What is the most likely outcome? Consolidation and Concentration. Should the pandemic continue relatively unabated through 2021, the most likely outcome for the domestic oil and gas industry is Consolidation and Concentration. Simply put, there will be fewer companies in all areas of the industry – E&P, services, mid-stream – focused on a smaller, tighter geographic footprint in select areas: the Permian Basin, as well as the Bakken, Eagle Ford, and Haynesville Shales.

Additionally, if these predictions ensue, the potential beneficiaries will be those companies well positioned to acquire low-cost operators and core acreage positions. Ideally, these are stock deals for less than 10% premiums. For mineral and royalty owners, now is the perfect time to prepare for an upswing. A good start would be to focus on the three most common issues that could be missed or glossed over during periods of highly active oil and gas development: the operator’s ability to hold acreage, confirming payment in full on all production from their minerals, and ensuring that any concerns about surface operations are properly addressed.

In a time of exponential change in both the global economy and the oil and gas industry, it is imperative that mineral owners have a complete understanding of their mineral asset portfolio and its full value profile both today and tomorrow. Therefore, for this audience specifically, Massive Minerals Management wrote an insider’s guide entitled “Top 12 questions mineral owners should ask” which can be found online here.

“If the Covid-19 pandemic continues through 2021, the oil industry and mineral owners should note that: drilling may slow, operator turnover will be high, royalty cash flow may decrease, and mineral acquisition offers may increase,” adds Holliday. “It’s paramount that mineral owners remain vigilant in these times and continue to monitor and compare production volumes, production payments, and lease compliance to ensure that any discrepancies are timely caught and addressed.”


Contacts

Kat Ladner
561-706-7863
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DUBLIN--(BUSINESS WIRE)--The "OPEC Countries: Caprolactam Market" report has been added to ResearchAndMarkets.com's offering.


This report presents a strategic analysis of the caprolactam market in the OPEC countries and a forecast for its development in the medium term. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, growth and demand drivers, etc. This is the most detailed and comprehensive report about the caprolactam market in the OPEC countries currently available!

The purpose of the report is to describe the state of the caprolactam market in the OPEC countries, to present actual and retrospective information about the volumes, dynamics, structure and characteristics of production, imports, exports and consumption and to build a forecast for the market in the next five years. In addition, the report presents an elaborate analysis of the main market participants, price fluctuations, growth and demand drivers of the market and all other factors, influencing its development. It also focuses on the overall installed production capacities in each country within the region along with the main producers on the market, the technologies each of them uses and the average utilization rates.

This research report has been prepared using a unique methodology, including a blend of qualitative and quantitative data. The information comes from official sources and insights from market experts (representatives of the main market participants), gathered by semi-structured interviews.

This report will allow you to:

  • Quickly and cost-effectively get a strategic analysis and gain competitive intelligence about the market;
  • Track market data, including size, value, segmentation, forecasts, dynamics and structure - past, present and future;
  • See the exact usage of caprolactam in the OPEC countries by main applications/product groups in the last five years and a forecast for its development in the medium term;
  • Evaluate the overall installed capacities used for the production of caprolactam in the OPEC countries and their utilization rates in the last five years and a forecast for their development in the medium term;
  • Strategically assess the competitive position of the main domestic producers, along with their overall installed capacities and production techniques;
  • Get and compare information at both aggregate level (for the whole region) and for each individual country, covered in the report;
  • Explore and identify new market opportunities in the countries and regions within the market;
  • Track and identify key market trends, opportunities and threats and key drivers behind recent market changes;
  • Strategically assess market growth potential, demand drivers and restraints on the market;
  • Evaluate the key macroeconomic indicators to get insight into the general trends within the economy;
  • See how the market performed in the past (over the last 5 years) and how it will perform in the future (in the next 5 years);
  • Get acquainted with the leading companies on the market;
  • Evaluate how diversified the market is in terms of competitive intensity, fragmentation and environment and understand competitive threats;
  • Empower your marketing, branding, strategy and market development, consumption and supply functions with useful market insights;
  • Build your investment strategy by assessing market attractiveness or company attractiveness;
  • Build your own market entry or market expansion strategy or evaluate your current strategy;
  • Add value to pitches and presentations by using official and accurate data and calculations.

Key Topics Covered:

1. Introduction

2. Executive summary

3. Characteristics of caprolactam

4. Characteristics and analysis of the raw materials base

5. State of the economy of the OPEC countries

6. Overview and analysis of the caprolactam market in the OPEC countries

7. Overview and analysis of the domestic production of caprolactam in the OPEC countries

8. Characteristics and analysis of the prices of caprolactam in the OPEC countries

8.1. Value chain analysis

8.2. Structure of price formation

8.3. Characteristics of the producer prices of caprolactam in the OPEC countries in 2014-2018

8.4. Characteristics of other prices of caprolactam

9. Trade balance of the foreign trade operations of caprolactam in the OPEC countries

9.1. Trade balance of the foreign trade operations of caprolactam in the OPEC countries in 2014-2018

10. Overview and analysis of the imports of caprolactam to the OPEC market

10.1. Volume, value and dynamics of the imports of caprolactam to the OPEC countries in 2014-2018

10.2. Major trade inflows of caprolactam imports to the OPEC countries in 2014-2018

10.3. Structure of the imports of caprolactam in 2014-2018 by importing countries

10.4. Average prices of the caprolactam, imported to the OPEC countries in 2014-2018

11. Overview and analysis of the OPEC exports of caprolactam

11.1. Volume, value and dynamics of the OPEC exports of caprolactam in 2014-2018

11.2. Major trade outflows of caprolactam exports from the OPEC countries in 2014-2018

11.3. Structure of the OPEC exports of caprolactam in 2014-2018 by exporting countries

11.4. Average prices of the OPEC exports of caprolactam in 2014-2018

12. Characteristics of the consumption of caprolactam in the OPEC countries

13. Forecast for development of the caprolactam market in the OPEC countries in 2019-2024

13.1. Factors, influencing the development of the caprolactam market in the OPEC countries in the medium term

13.2. Forecast for market development in the medium term under three possible scenarios

For more information about this report visit https://www.researchandmarkets.com/r/f4iz67


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HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) will host a conference call on Tuesday, January 19, 2021, to discuss its fourth quarter 2020 financial results. The call will begin at 8:00 AM Central Time (9:00 AM Eastern Time).


The Company will issue a press release regarding the fourth quarter 2020 earnings prior to the conference call. The press release will be posted on the Halliburton website at www.halliburton.com.

Please visit the website to listen to the call via live webcast. You may also participate in the call by dialing (844) 358-9181 within North America or +1 (478) 219-0188 outside of North America. A passcode is not required. Attendees should log in to the webcast or dial in approximately 15 minutes prior to the start of the call.

A replay of the conference call will be available on Halliburton’s website until January 26, 2021. Also, a replay may be accessed by telephone at (855) 859-2056 within North America or +1 (404) 537-3406 outside of North America, using the passcode 2597409.

About Halliburton

Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 40,000 employees, representing 140 nationalities in more than 80 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.


Contacts

For Investors:
Abu Zeya
Halliburton, Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
281-871-2688

For Media:
Emily Mir
Halliburton, Public Relations
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281-871-2601

LONDON--(BUSINESS WIRE)--#GlobalNavigationLightingMarket--The navigation lighting market is expected to grow by USD 1.90 million, progressing at a CAGR of almost 2% during the forecast period.



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The introduction of energy-efficient lighting technologies is one of the major factors propelling the market growth. However, factors such as delays in aircraft delivery might hamper market growth.

More details: https://www.technavio.com/report/navigation-lighting-market-industry-analysis

Navigation Lighting Market: End-user Landscape

Based on the end-users, the market saw maximum demand for navigation lighting from the marine industry in 2019. The increased procurement of new vessels that comply with new stringent emission norms has driven the demand for navigation lighting in the marine industry. The market growth in the segment will be significant during the forecast period.

Navigation Lighting Market: Geographic Landscape

By geography, APAC is going to have a lucrative growth during the forecast period. About 60% of the market’s overall growth is expected to originate from APAC. The thriving aerospace industry is one of the key factors driving market growth in APAC. China and Japan are the key markets for navigation lighting in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Related Reports on Information Technology Include:

Global Sound Navigation and Ranging (SONAR) System Market - Global sound navigation and ranging (SONAR) market segmentation by type (passive SONAR and active SONAR), application (defense and civil and commercial), and geography (APAC, North America, Europe, South America, and MEA). Click Here to Get an Exclusive Free Sample Report

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Companies Covered:

  • Aveo Engineering Group s.r.o
  • Brunswick Corp.
  • Carmanah Technologies Corp.
  • DAEYANG ELECTRIC Co. Ltd.
  • Glamox Group
  • HELLA GmbH & Co. KGaA
  • Lopolight Aps
  • Osculati Srl
  • Perko Inc.
  • Sealite Pty Ltd.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019-2024

Five Forces Analysis

  • Five force summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Marine industry - Market size and forecast 2019-2024
  • Aerospace industry - Market size and forecast 2019-2024
  • Market opportunity by End user

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Aveo Engineering Group s.r.o
  • Brunswick Corp.
  • Carmanah Technologies Corp.
  • DAEYANG ELECTRIC Co. Ltd.
  • Glamox Group
  • HELLA GmbH & Co. KGaA
  • Lopolight Aps
  • Osculati Srl
  • Perko Inc.
  • Sealite Pty Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) announced today Christopher Franklin, chairman and CEO of Essential Utilities, has been appointed to the Allegheny Conference on Community Development’s Board of Directors.


In March 2020, Essential Utilities purchased Peoples, the largest natural gas distribution company in Pennsylvania, headquartered in Pittsburgh Pa.

“Peoples has a strong history in the Pittsburgh region as a high quality utility service provider, employer and community partner,” said Christopher Franklin, chairman and CEO of Essential Utilities. “Peoples will continue to be a leader in driving beneficial change for our customers and communities. I’m proud to join the Allegheny Conference on Community Development board of directors to support the important work of the Conference’s team. I’m eager to work with them to continue to improve the region and to share the benefits of living and working in southwestern Pennsylvania.”

“Chris is a great addition to our board,” said Stefani Pashman, chief executive officer of the Allegheny Conference on Community Development. “Improving our region’s infrastructure is going to be front and center as we emerge from the COVID-19 pandemic and Chris brings with him a deep understanding of the investment required to make sure all communities across our region are able to move forward.”

The Allegheny Conference on Community Development is a nonprofit, private sector leadership organization dedicated to economic development in the 10-county region composing southwestern Pennsylvania.

About Essential

Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.

About Peoples

Peoples is an energy provider serving approximately 740,000 homes and business in Western Pennsylvania, West Virginia and Kentucky. The company’s mission is to improve the lives of its customers and to help build long-term economic growth for the regions it serves. For more information about Peoples, visit www.peoples-gas.com and follow Peoples on social media @peoplesnatgas.

WTRGG


Contacts

Barry Kukovich
O: 412.430.3187

DUBLIN--(BUSINESS WIRE)--The "United States Liner Hanger System Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.


The liner hanger system (LHS) market in the United States is expected to grow at a CAGR of more than 6.5% in the forecast period of 2020-2025.

Increasing upstream activities in the Permian basin in the United States is one of the major driving factors for the liner hanger market. On the other hand, the global price decline in crude oil prices in 2020 has led to a halt or delay in various oil and gas projects. Also, a declining number of offshore wells in the United States is expected to restrain the market growth.

With 990 active onshore rigs in the United States and increasing production from the Permian basin, the onshore sector is expected to dominate the liner hanger market.

The United States has one of the largest technically recoverable shale gas reserves and the second-largest tight oil reserves in the world. Moreover, the technological development in hydraulic fracturing is expected to create ample opportunities for the liner hanger system.

Most of the oil and gas projects in the United States are onshore, deploying conventional liner hangers. In the forecast period also, conventional LHS is expected to dominate the market.

Key Market Trends

Onshore Sector to Dominate the Market

A liner hanger system consists of a liner hanger assembly, releasing tool, cementing head, packer, etc. The liner hanger system is a part of well completion and can be mechanical or hydraulic, premium or standard, rotating or non-rotating, conventional or expandable, and pocket slip.

  • The United States was one of the largest producers of crude oil and natural gas, accounting for around 18% and 23% of the global production, respectively, in 2019. The production surged in 2019, mainly due to robust drilling in its shale reserves, led by the Permian Basin.
  • ConocoPhillips reported its exploration success in Alaska in 2018. Based on the results, the company believes that it has captured 0.5 to 1.1 Bboe of gross discovered resource, with 75% of its prospective exploration acreage still to be drilled. The discovered field is expected to drive the LHS demand significantly.
  • With total crude oil production of 17 million barrels per day in the United States, the market of oil and gas is growing and simultaneously driving the need for liner hanger systems.
  • Due to the Coronavirus pandemic in 2020, delay in upstream projects can be expected. Later in the forecast period, with the initiation of new onshore projects and completion of drilled wells, the market of the liner hangers is expected to grow considerably.

Conventional Liner Hanger System to Dominate the Market

Mechanical LHS is designed for vertical, onshore, and low-deviation wells, whereas the hydraulic liner hangers are mostly used in offshore wells and horizontal, deep, and HP/HT onshore wells.

  • As of April 2019, 8390 drilled wells are incomplete in the country, with the Permian Basin having the largest share. These wells are expected to be completed in the coming years, creating ample opportunity for the liner hanger system suppliers.
  • At the beginning of 2018, the government announced the opening of 98% of the coastal water for oil and gas exploration and production. The announcement is expected to drive the demand for conventional liner hanger systems in the offshore sector in the long run.
  • Despite the decrease in the number of active rig count to 990 in 2019, the production of both crude oil and natural gas is increasing, driving the market of the liner hanger system significantly.
  • Factors, such as increasing share of horizontal and directional drilling, significant oil and gas discoveries in both onshore and offshore segments, along with the shift toward unconventional fields, are expected to boost the demand for conventional liner hangers.

Competitive Landscape

The United States liner hanger system market is moderately consolidated. Some of the major companies include National-Oilwell Varco, Inc., Halliburton Company, Weatherford International plc, Baker Hughes Company, Schlumberger Limited Ltd.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET OVERVIEW

4.1 Introduction

4.2 Market Size and Demand Forecast in USD billion, till 2025

4.3 Recent Trends and Developments

4.4 Government Policies and Regulations

4.5 Market Dynamics

4.5.1 Drivers

4.5.2 Restraints

4.6 Supply Chain Analysis

4.7 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Type

5.1.1 Conventional

5.1.2 Expandable

5.2 Location of Deployment

5.2.1 Offshore

5.2.2 Onshore

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

6.3.1 Halliburton Company

6.3.2 Weatherford International plc

6.3.3 National Oilwell Varco Inc.

6.3.4 Baker Hughes Company

6.3.5 National-Oilwell Varco, Inc

6.3.6 Well Innovation AS

6.3.7 NCS Multistage LLC

6.3.8 Schlumberger Limited

6.3.9 Drill-Quip Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/dj6la0


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LONDON--(BUSINESS WIRE)--#FuelOilMarket--The global fuel oil market size is expected to reduce by USD 84.77 billion while decelerating at a CAGR of about 13% during 2020-2024. Technavio's report indicates a negative growth in the short term due to the spread of the COVID-19 pandemic. The imposition of lockdowns worldwide led to the complete closure of manufacturing facilities, which affected the supply and demand for fuel oil. However, the market is expected to gain traction and witness steady growth over the forecast period due to the rising demand for oil in developing countries such as China and India.



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"One of the primary growth drivers for this market is the rise in world energy demand,” says a senior analyst for the Energy industry at Technavio. The global demand for energy has been increasing continuously due to the strong growth in economic activities worldwide. Besides, the growth of the transportation, residential, and commercial sectors, especially in emerging economies such as China and India has significantly increased the global demand for fuel oil.

Fuel Oil Market Segment Highlights for 2020

  • The fuel oil market is expected to post a year-over-year growth rate of -45.57%.
  • Based on the application, the market saw significant growth in the marine segment in 2019. The growth of the segment can be attributed to the rise in the number of naval and seaborne trade activities worldwide.
  • The market growth in the marine segment will be significant during the forecast period.

Regional Analysis

  • 6% of the growth will originate from the North America region.
  • The growth of the market in North America is driven by factors such as the increasing demand for space heating fuel, growing refinery capacity, and proliferating marine trade.
  • The US is the key market for fuel oil in North America.

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Global Heavy Fuel Oil Market - Global heavy fuel oil market is segmented by end-user (shipping and others) and geography (APAC, Europe, MEA, North America, and South America). Click Here Get an Exclusive Free Sample Report

Global Turbine Oil Market - Global turbine oil market is segmented by product (mineral oil-based lubricants and synthetic oil-based lubricants) and geography (APAC, Europe, North America, MEA, and South America). Click Here Get an Exclusive Free Sample Report

Notes:

  • The fuel oil market size is expected to accelerate at a CAGR of about -13% during the forecast period.
  • The fuel oil market is segmented by Application (Marine, Industrial, and Others) and Geography (APAC, MEA, Europe, South America, and North America).
  • The market is fragmented due to the presence of many/few established vendors holding significant market share.
  • The research report offers information on several market vendors, including BP Plc, Chevron Corp., Exxon Mobil Corp., JXTG Holdings Inc., PJSC LUKOIL, PT Pertamina (Persero), Qatar Petroleum, Reliance Industries Ltd., Royal Dutch Shell Plc, and SK Innovation Co. Ltd.

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
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Website: www.technavio.com/

SAN FRANCISCO--(BUSINESS WIRE)--Holiday lights and decorations are already popping up around many communities in Northern and Central California—offering a dash of much-needed cheer in 2020. As those lights go up indoors or outside, Pacific Gas and Electric Company (PG&E) reminds customers to use energy efficient bulbs, which are the safest option and can help save money.

“Holidays are a great time to remind our customers about how to practice holiday lighting safety. First and foremost, be aware of your surroundings to avoid electric hazards,” said Aaron August, PG&E Vice President of Business Development & Customer Engagement. “Second, LED lights are a great way to save energy and money on your bill this time of year.”

Life-Saving Holiday Lighting Safety Tips

  • Check for overhead power lines before hanging outdoor lights and keep at least 10 feet away from lines.
  • Never place yourself or any object near a power line.
  • Make sure lights are approved for outdoor use. Never use indoor lights outdoors.
  • Check strands for cracked or broken plugs, frayed insulation or bare wires. Discard damaged strands to help avoid a fire.

LED Lights are Safe, Efficient and Long-lasting

  • Use Light-Emitting Diode (LED) lights to lower your energy costs. LED lights are 75% more energy efficient and last up to 25 times longer than traditional incandescent lights such as C4 and C9 bulbs. They can last up to 40 holiday seasons.
  • LED lights are shatterproof and shock resistant.
  • LEDs produce almost no heat, so they are safe to touch and greatly reduce the risk of fire.
  • Customers can connect up to 25 strings of LEDs end-to-end without overloading a wall socket.

When not used properly, decorations—particularly lights—can create safety hazards or cause fires. By taking the proper precautions both inside and outside of the home, customers can prevent hazards and focus on friends and family during the holidays.

More Ways to Save Energy and Money

  • Use a timer or turn off lights before going to bed, or if you are away from home.
  • A power strip is an easy way to switch your lights and decorations off when not in use. Just remember to use it according to the manufacturer's instructions and avoid overloading.

PG&E also reminds customers to periodically check lights and decorations throughout the season to ensure they continue to operate safely. For more PG&E holiday safety and energy efficiency tips, visit www.pge.com.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.


Contacts

MEDIA RELATIONS:
415-973-5930

LONDON--(BUSINESS WIRE)--#GlobalOffshoreOilandGasPipelineMarket--The global offshore oil and gas pipeline market is expected to grow by USD 2.79 billion, progressing at a CAGR of over 4% during the forecast period. Technavio expects the market to have a negative impact due to the spread of the COVID-19 pandemic. The pandemic delayed several oil and gas pipeline projects across the world. However, the market is expected to gradually gain pace, once business processes and investment activities in the oil and gas industry are back to normal.



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"One of the primary growth drivers for this market is the increase in global energy demand”, says a senior analyst for the Energy industry at Technavio. Rising industrialization and urbanization in developing countries such as India and China have significantly increased the global consumption and demand for oil and gas. Besides, the expansion of existing gas-fired power plants and the emergence of new power plants is increasing the demand for offshore oil and gas pipelines, which is driving the market growth.

Offshore Oil and Gas Pipeline Market Segment Highlights for 2020

  • The offshore oil and gas pipeline market is expected to post a year-over-year growth rate of -2.36%.
  • Based on the product, the market saw maximum growth in the gas pipeline segment in 2019. The growth of the segment can be attributed to the abundance, versatility, and clean-burning characteristics of natural gas.
  • The market growth in the segment will be significant during the forecast period.

Regional Analysis

  • 53% of the growth will originate from the Europe region.
  • The growth of the market in Europe is driven by various initiatives undertaken by countries in the region to ensure energy security.
  • Norway is the key market for offshore oil and gas pipelines in Europe. Market growth in this region will be faster than the growth of the market in other regions.

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Related Reports on Energy Include:

Global Oil and Gas Pipeline Monitoring Equipment Market - Global oil and gas pipeline monitoring equipment market is segmented by product (hardware components and software systems) and geography (North America, APAC, Europe, MEA, and South America). Click Here to Get an Exclusive Free Sample Report

Global Pipeline Pigging Systems Market - Global pipeline pigging systems market is segmented by application (gas and oil) and geography (North America, Europe, MEA, APAC, and South America). Click Here to Get an Exclusive Free Sample Report

Notes:

  • The offshore oil and gas pipeline market size is expected to accelerate at a CAGR of over 4% during the forecast period.
  • The offshore oil and gas pipeline market is segmented Product (Gas and Oil) and Geography (Europe, MEA, APAC, South America, and North America).
  • The market is fragmented due to the presence of many/few established vendors holding significant market share.
  • The research report offers information on several market vendors, including Allseas Group SA, ArcelorMittal SA, John Wood Group Plc, McDermott International Inc., PAO TMK, Saipem Spa, Subsea 7 SA, TechnipFMC Plc, Tenaris SA, and United Metallurgical Co. (OMK)

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About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group, Inc. (NYSE: OSG) announces that it has closed on a $49,150,000 loan for a term of 7 years. OSG’s subsidiaries, OSG 205 LLC and OSG Courageous II LLC, obtained the loan to finance one new 204,000 barrel U.S. Flag oil and chemical ATB barge, the OSG 205, and to refinance the tug to which the barge is being paired, the OSG Courageous. The barge is being built by the Greenbriar Marine shipyard and is set to be delivered in the next few weeks. As part of the financing, the lender received a collateral assignment of the vessel construction contract for the barge and, upon delivery of the barge, the lender will hold a perfected first priority security interest and preferred ship mortgage. The lender also holds a perfected first priority security interest and preferred ship mortgage against the tug. The loan is guaranteed by OSG.


Dick Trueblood, OSG’s Vice President and Chief Financial Officer stated, “We are very pleased to have completed the financing of the OSG 205 and the tug OSG Courageous, and particularly for the incredibly smooth and efficient execution of the transaction during a continued period of market volatility.”

Sam Norton, President and CEO of OSG commented, “The transaction marks an important milestone in completing the construction and delivery of the second of two barges built for OSG at Greenbriar Marine shipyard. All complex projects require the contribution of multiple partners to achieve success, and we are pleased to have teamed up with our financing partner and Greenbriar in providing the necessary resources to bring this project to fruition. With delivery of the barge imminent, we look forward to commencing service under a one year time charter early next month and to continuing our focus on providing safe, reliable and environmentally responsible transportation services to our customers.”

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 21 vessel U.S. Flag fleet consists of three crude oil tankers doing business in Alaska, one 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.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, the Company may make or approve certain forward-looking statements in future filings with the Securities and Exchange Commission (SEC), in press releases, or in oral or written presentations by representatives of the Company. All statements other than statements of historical facts should be considered forward-looking statements. These matters or statements may relate to our prospects, supply and demand for vessels in the markets in which we operate and the impact on market rates and vessel earnings, the expected delivery schedule of our new barge under construction and its expected participation in the Jones Act trade, the continued stability of our niche businesses, and the impact of our time charter contracts on our future financial performance. Forward-looking statements are based on our current plans, estimates and projections, and are subject to change based on a number of factors. Investors should carefully consider the risk factors outlined in more detail in our Annual Report on Form 10-K and in similar sections of other filings we make with the SEC from time to time. We do not assume any obligation to update or revise any forward-looking statements except as may be required by applicable law. Forward-looking statements and written and oral forward-looking statements attributable to us or our representatives after the date of this press release are qualified in their entirety by the cautionary statements contained in this paragraph and in other reports previously or hereafter filed by us with the SEC.


Contacts

OSG Investor Relations & Media Contact:
Susan Allan, Overseas Shipholding Group, Inc.
(813) 209-0620
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LONDON--(BUSINESS WIRE)--#FlexiblePipesMarketforOilandGas--The global flexible pipes market for oil and gas is expected to grow by USD 123.54 million, progressing at a CAGR of over 2% during the forecast period. The outbreak of the COVID-19 pandemic has negatively impacted the growth of the market. The increasing incidence of COVID-19 has affected oil and gas manufacturing and related activities and subsequently the demand for flexible pipes. However, the growing demand for energy from developing countries such as China and India and increasing investments in the oil and gas industry in Southeast Asia is expected to open new opportunities for market players during the forecast period.



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"One of the primary growth drivers for this market is the rising investment in upstream oil and gas activity,” says a senior analyst for the Energy industry at Technavio. The growing population and rapid urbanization have increased the global demand for energy. This is compelling many countries to explore untapped oil and gas resources using advanced technologies. It has increased investments in mature oil and gas fields, which is driving the demand for flexible pipes for oil and gas production.

Flexible Pipes Market for Oil and Gas Segment Highlights for 2020

  • The flexible pipes market for oil and gas is expected to post a year-over-year growth rate of 0.58%.
  • Based on the type, the market witnessed maximum growth in the HDPE segment in 2019. The growth of the segment can be attributed to the rising number of offshore contracts being given to drilling companies in search of more oil.
  • The growth of the market in the segment will be significant over the forecast period.

Regional Analysis

  • 44% of the growth will originate from the MEA region.
  • The market in MEA will be driven by the abundance of shale oil and gas reserves in the region.
  • Saudi Arabia, Iran, and the UAE are the key markets for flexible pipes for the oil and gas industry in MEA. Market growth in this region will be slower than the growth of the market in APAC and South America.

View Our Market Snapshot to learn about report detailed analysis and insights on how you can leverage them to grow your business.

Related Reports on Energy Include:

Global Offshore Oil and Gas Pipeline Market - Global offshore oil and gas pipeline market is segmented by product (gas and oil) and geography (Europe, MEA, APAC, South America, and North America). Click Here to Get an Exclusive Free Sample Report

Global Oil and Gas Conductor Pipe Market - Global oil and gas conductor pipe market is segmented by application (onshore and offshore) and geography (North America, APAC, Europe, MEA, and South America). Click Here to Get an Exclusive Free Sample Report

Notes:

  • The flexible pipes market for oil and gas size is expected to accelerate at a CAGR of over 2% during the forecast period.
  • The flexible pipes market for oil and gas is segmented Type (HDPE, PA, PVDF, and Others), Geography (North America, MEA, South America, APAC, and Europe), and Application (offshore and onshore).
  • The market is fragmented due to the presence of many established vendors holding significant market share.
  • The research report offers information on several market vendors, including Airborne Oil & Gas BV, Continental AG, FlexSteel Pipeline Technologies Inc., General Electric Co., MAGMA GLOBAL Ltd., National Oilwell Varco Inc., Prysmian Spa, Shawcor Ltd., TechnipFMC Plc, and Wienerberger AG

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

LOS ALTOS, Calif. & NOVATO, Calif.--(BUSINESS WIRE)--PowerFlex-an EDF Renewables Company completed the installation of 49 electric vehicle (EV) charging stations for the Buck Institute for Research on Aging. The EV chargers provide Buck employees with a reliable way to secure a fully charged battery during the workday with a sustainable source of energy from the onsite solar system.


The EV charging system uses PowerFlex’s Adaptive Load Management (ALM) technology. This patented technology, developed out of Caltech, maximizes the delivery of power to electric vehicles while reducing or eliminating the need for costly utility upgrades by managing charging dependent upon driver’s demand, building load, and onsite generation. The PowerFlex ALM enables the site to more than double the number of charging ports compared to a typical circuit-sharing method.

The smart EV charging platform is designed to flatten charging consumption and shift the consumption into the middle of the day to align with solar production. The integrated system is tailored to the facility’s energy characteristics, turning the solar carport and EV charging stations into a sustainable clean energy asset that reduces operational energy costs with no up-front capital costs.

According to Max Wilcox, Business Development Manager for PowerFlex, “It takes an innovative client like the Buck to push the boundaries of scalability and power management to build for the future of electric vehicles. We are pleased to build upon our relationship to help Buck meet their energy and EV charging needs in a sustainable way.”

“As a scientist who is fully invested in promoting and utilizing electric vehicles whenever and wherever possible, it’s really rewarding to have this EV charging system fully operational on our campus,” said Buck professor Simon Melov, PhD. “Doing our part to address climate change and support a healthier environment definitely supports the Buck’s efforts to help people live better longer. Kudos to PowerFlex for bringing their cutting-edge technology to our campus.”

In 2016, EDFR built a 1.11 MWp solar carport system on a 4-acre upper parking lot at the Buck whereby the energy generated is delivered to MCE customers including the Buck Institute. The project marked the largest solar PV facility in Marin County at the time allowing Buck to forge a partnership with EDFR and be part of the solution to reducing energy-related greenhouse gas emissions.

PowerFlex is a part of EDF Renewables North America, a market leading independent power producer and service provider with 35 years of expertise in renewable energy. The Distributed Solutions group offers on-site clean energy for office buildings, load serving entities, corporates and industrials. The company delivers solar, storage and electric vehicle charging stations as separate products or combined as a full microgrid offering.

Buck Institute EV Charger System Video: https://youtu.be/cCr4MPbGz64

About PowerFlex:

Founded in 2007, PowerFlex delivers turn-key solutions for workplace electric vehicle charging solutions, from startups and high schools to Fortune Global 500 companies. The company has deployed over 2,000 charging stations across California providing customers with large-scale EV charging at lower cost. PowerFlex Systems’ Adaptive Load Management (ALM), a software algorithm that optimizes power consumption across a large network of charging stations, optimizes each station’s output to meet user demand while only using a fraction of the aggregate power traditionally required. This allows businesses to shave as much as 60% off the cost of electrical system upgrades and peak demand charges, paving the way to larger and more affordable charging networks that ultimately meet or exceed the adoption pace of electric vehicles. PowerFlex Systems was acquired by EDF Renewables North America in 2019.

EDF Renewables North America is a market leading independent power producer and service provider with 35 years of expertise in renewable energy. The Company delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distributed solutions: solar, solar+storage, EV charging and energy management; and asset optimization: technical, operational, and commercial skills to maximize performance of generating projects. EDF Renewables’ North American portfolio consists of 16 GW of developed projects and 11 GW under service contracts. EDF Renewables North America is a subsidiary of EDF Renouvelables, the dedicated renewable energy affiliate of the EDF Group. For more information visit: www.edf-re.com. Connect with us on LinkedIn, Facebook and Twitter.

About the Buck Institute for Research on Aging:

At the Buck, we aim to end the threat of age-related diseases for this and future generations. We bring together the most capable and passionate scientists from a broad range of disciplines to study mechanisms of aging and to identify therapeutics that slow down aging. Our goal is to increase human health span, or the healthy years of life. Located just north of San Francisco, we are globally recognized as the pioneer and leader in efforts to target aging, the number one risk factor for serious diseases including Alzheimer’s, Parkinson’s, cancer, macular degeneration, heart disease, and diabetes. The Buck wants to help people live better longer. Our success will ultimately change healthcare. Learn more at: https://buckinstitute.org


Contacts

EDF Renewables Contact:
Sandi Briner, +1 858-521-3525
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Buck Contact:
Kris Rebillot, +1 415-209-2080
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SALT LAKE CITY--(BUSINESS WIRE)--WesTech Engineering, Inc., an employee-owned company, and JS&S (Water Holdings) Inc., a subsidiary of John Swire & Sons Limited ("Swire"), are pleased to announce they have signed a Membership Interest Purchase Agreement (MIPA) for the sale of WesTech to Swire. Terms of the MIPA are confidential and the offer is subject to shareholder approval.

WesTech Engineering, Inc. provides process solutions and services for water and wastewater treatment, liquids/solids separation, and biological treatment needs in municipal, industrial, and minerals markets worldwide.

Swire is a highly diversified global group headquartered in the UK with activities in property development, beverages and food chain, aviation, marine services and other trading and industrial interests. In the water sector, Swire also owns Purestream, a specialized water treatment company compatible to WesTech and together the two companies will be able to accelerate the deployment of their leading solutions.

"WesTech is an excellent company with a nearly five-decade history of delivering world-class equipment and solutions in the water treatment industry," said James Hughes-Hallett, Financial Director of John Swire & Sons. "This agreement will allow Swire to combine its existing resources with WesTech’s capabilities, thereby accelerating our position in the water treatment market – advancing Swire’s commitment to sustainability and specifically the responsible use and management of water."

About WesTech

Founded in 1972, WesTech is an employee-owned company headquartered in Salt Lake City, UT, with offices in Ames, Iowa and globally in Brazil, China, India, Italy, Peru and South Africa. With more than 500 employees, its core purpose is to provide process equipment and water technology solutions to benefit humanity.

About Swire (www.swire.com)

Swire is a highly diversified global group, with principal business activities grouped into five categories: Property, Aviation, Agribusiness & Food Chain, Marine Services and Trading & Industrial. Many of Swire's core businesses can be found within the Asia Pacific region, traditionally centered on the Hong Kong Special Administrative Region and Chinese mainland. Within Asia, Swire's activities come under the group's Hong Kong publicly quoted arm, Swire Pacific Limited. The Swire group's UK-based parent company, John Swire & Sons Limited, has a 55% shareholding in Swire Pacific, and also has major business interests in Australia, Papua New Guinea, East Africa, Sri Lanka, the USA and UK.

John Swire & Sons Limited is responsible for formulating and directing overall group strategy and provides a range of services including recruitment, employment, and training of staff for the group and its subsidiaries, which today employ over 133,000 people worldwide.


Contacts

Cameron Fuller
Business Strategy Analyst
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: 801-290-5597

  • Faraday Future Joins 29 Others as a Founding Member of New Zero Emission Transportation Association (ZETA) in the US
  • Coalition Aims to Push for 100 Percent Electric Vehicle Sales by 2030 and Will Help Secure a Path for the Future of Electric Mobility
  • As a Forward-thinking Leader in the Electric Vehicle Space, Faraday Future Is Committed to Clean Energy EV Technology

LOS ANGELES--(BUSINESS WIRE)--Faraday Future (FF), a California-based global shared intelligent mobility ecosystem company, today announced that it has joined a coalition made up of 30 companies to launch the Zero Emission Transportation Association (ZETA), an organization dedicated to achieving 100% electric vehicle (EV) sales in the United States by 2030. Founding members are industry leaders in the EV space including Tesla, Uber and EVgo whose values and strategic interests support ZETA’s principles of EV adoption and growth in the US.


ZETA is the first coalition of its kind advocating for 100% EV sales by 2030, which will create hundreds of thousands of new jobs, secure American global EV manufacturing leadership, dramatically improve public health and significantly reduce carbon pollution.

Specifically, ZETA will focus on five key policy pillars that can, in the aggregate, put the US on the pathway to full EV sales by 2030:

1. Outcome-driven consumer EV incentives;

2. Emissions/performance standards;

3. Infrastructure investments;

4. Domestic manufacturing, including job creation and economic activity across the entire EV supply chain and lifecycle, from critical materials to vehicles;

5. Federal leadership and cooperation with sub-national entities.

“We are delighted to have the opportunity to be a founding partner in this extraordinary coalition of EV industry pioneers,” said Carsten Breitfeld, Global CEO of FF.

“At FF, we truly believe that EVs are the future and along with the fundamental principles that ZETA will advocate for, we can reach our goals for increased EV adoption and secure the path to future electric mobility.”

ABOUT FARADAY FUTURE

Established in May 2014, Faraday Future (FF) is a California-based global shared intelligent mobility ecosystem company, headquartered in Los Angeles. FF's vision is to create a shared intelligent mobility ecosystem that empowers everyone to move, connect, breathe, and live freely. FF aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the internet and new usership models. With the FF 91, FF has envisioned a vehicle that redefines transportation, mobility, and connectivity, creating a true “third internet living space,” complementing users’ home and smartphone internet experience.

FOLLOW FARADAY FUTURE:
https://www.ff.com/
https://twitter.com/FaradayFuture
https://www.facebook.com/faradayfuture/
https://www.instagram.com/faradayfuture/
www.linkedin.com/company/faradayfuture

ABOUT ZETA

ZETA brings together those who support meeting the goal of 100% electric vehicle sales by 2030. This diverse non-partisan group coordinates public education efforts and federal policy development to promote EV adoption with the goal of creating American electric vehicle manufacturing jobs, better serving consumers, improving air quality and public health, and significantly reducing carbon pollution.

FORWARD LOOKING STATEMENTS

This communication 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. When used herein, words such as “address,” “anticipate,” “believe,” “consider,” “continue,” “develop,” “estimate,” “expect,” “further,” “goal,” “intend,” “may,” “plan,” “potential,” “project,” “seek,” “should,” “target,” “will,” and variations of such words and similar expressions as they relate to FF or the proposed transactions are often used to identify such statements as “forward-looking statements.” Such statements reflect the current views of FF and its management with respect to future events, including the proposed transactions, and are subject to certain risks and uncertainties that may cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements.


Contacts

For More Information About Faraday Future, Contact:
John Schilling
Director, Public Relations
310-956-6488
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For More Information About ZETA, Contact:
Joe Britton
Executive Director
This email address is being protected from spambots. You need JavaScript enabled to view it.
Washington, DC
This email address is being protected from spambots. You need JavaScript enabled to view it.

David Ganske
Communications and PR for ZETA
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Related Links
https://www.zeta2030.org

LONDON--(BUSINESS WIRE)--#covid19--The Fuel Oil Utilities Market is poised to experience spend growth of more than USD 123 billion between 2020-2024 at a CAGR of over 3.85%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages



Read the 120-page research report with TOC and LOE on "Fuel Oil Utilities Market – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend."

SpendEdge's reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our Fuel Oil Utilities Market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses.

Information on Latest Trends and Supply Chain Market Information Knowledge centre on COVID-19 impact assessment

Insights into the Market Price Trends

  • Suppliers in this market have moderate bargaining power owing to moderate pressure from substitutes and a moderate level of threat from new entrants.
  • Buyers can benchmark their preferred pricing models for fuel oil utilities Market, Procurement, Management with the wider industry information and identify the cost-saving potential.

Insights to help buyers identify and shortlist the most suitable suppliers for their Fuel Oil Utilities Market requirements. This procurement report answers the following questions:

  • Am I engaging with the right suppliers?
  • Which KPIs should I use to evaluate my incumbent suppliers?
  • Which supplier selection criteria are relevant for?
  • What are the Fuel Oil Utilities Market category essentials in terms of SLAs and RFx?

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Insights into strategies that will help buyers optimize their category management practices. The report answers the following questions:

  • What should be my strategic procurement objectives, activities, and enablers for the Fuel Oil Utilities Market category?
  • What negotiation levers can I pull for cost-saving?
  • What are Fuel Oil Utilities Market procurement best practices I should be promoting in my supply chain?

Some of the top Fuel Oil Utilities Market suppliers enlisted in this report

This Fuel Oil Utilities Market procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.

  • Royal Dutch Shell Plc
  • TOTAL SA
  • China National Petroleum Corp.
  • BP Plc
  • Exxon Mobil Corp.
  • Petróleo Brasileiro SA
  • Chevron Corp.
  • China Petroleum & Chemical Corp.
  • Idemitsu Kosan Co. Ltd.
  • Repsol SA

Get access to regular sourcing and procurement insights to our digital procurement platform- Contact Us.

Table of Content

Executive Summary

Market Insights

Category Pricing Insights

Cost-saving Opportunities

Best Practices

Category Ecosystem

Category Management Strategy

Category Management Enablers

Suppliers Selection

Suppliers under Coverage

US Market Insights

Category scope

Appendix

About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more https://www.spendedge.com/request-for-demo


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UK: +44 148 459 9299
https://www.spendedge.com/contact-us

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Nuverra Environmental Solutions, Inc. (NYSE American: NES) (“Nuverra,” the “Company,” “we,” “us” or “our”) is pleased to announce the closing of a multi-faceted debt refinancing with First International Bank and Trust based in Watford City, ND. Nuverra executed a $10.0 million real estate loan, a $13.0 million equipment financing under the Main Street Priority Lending program, a $5.0 million undrawn working capital revolver and a $4.839 million letter of credit facility. Proceeds from the real estate loan and the equipment financing repaid all outstanding obligations owed to Ares under our first lien facility and revolver (which included the outstanding letters of credit) and all outstanding obligations under our second lien term loan held by affiliates of Gates Capital and Ascribe, our two largest shareholders.


This is a very important refinancing for Nuverra. We are excited to be working with First International who designed a thoughtful refinancing structure. They know our industry and bring a level of experience that is refreshing, but not surprising given the bank’s 110 year history. With this refinancing, we have extended our maturities, lowered our borrowing rates, simplified our covenant structure and reduced our annual amortization. Nuverra is in a much better position to address the challenges still facing our industry,” said Charlie Thompson, Chief Executive Officer.

About Nuverra

Nuverra Environmental Solutions, Inc. provides water logistics and oilfield services to customers focused on the development and ongoing production of oil and natural gas from shale formations in the United States. Our services include the delivery, collection, and disposal of solid and liquid materials that are used in and generated by the drilling, completion, and ongoing production of shale oil and natural gas. We provide a suite of solutions to customers who demand safety, environmental compliance and accountability from their service providers. Find additional information about Nuverra in documents filed with the U.S. Securities and Exchange Commission (“SEC”) at http://www.sec.gov.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. You can identify these and other forward-looking statements by the use of words such as “anticipates,” “expects,” “intends,” “plans,” “predicts,” “believes,” “seeks,” “estimates,” “may,” “might,” “will,” “should,” “would,” “could,” “potential,” “future,” “continue,” “ongoing,” “forecast,” “project,” “target” or similar expressions, and variations or negatives of these words.

These statements relate to our expectations for future events and time periods. All statements other than statements of historical fact are statements that could be deemed to be forward-looking statements, and any forward-looking statements contained herein are based on information available to us as of the date of this press release and our current expectations, forecasts and assumptions, and involve a number of risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date. Future performance cannot be ensured, and actual results may differ materially from those in the forward-looking statements. Some factors that could cause actual results to differ include, among others: the severity, magnitude and duration of the coronavirus disease 2019 ("COVID-19") pandemic and commodity market disruptions; changes in commodity prices or general market conditions; fluctuations in consumer trends, pricing pressures, transportation costs, changes in raw material or labor prices or rates related to our business and changing regulations or political developments in the markets in which we operate; risks associated with our indebtedness, including changes to interest rates, decreases in our borrowing availability, our ability to manage our liquidity needs and to comply with covenants under our credit facilities, including as a result of COVID-19 and oil price declines; the loss of one or more of our larger customers; delays in customer payment of outstanding receivables and customer bankruptcies; natural disasters, such as hurricanes, earthquakes and floods, pandemics (including COVID-19) or acts of terrorism, or extreme weather conditions, that may impact our business locations, assets, including wells or pipelines, distribution channels, or which otherwise disrupt our or our customers' operations or the markets we serve; disruptions impacting crude oil and natural gas transportation, processing, refining, and export systems, including litigation regarding the Dakota Access Pipeline; our ability to attract and retain key executives and qualified employees in strategic areas of our business; our ability to attract and retain a sufficient number of qualified truck drivers; the unfavorable change to credit and payment terms due to changes in industry condition or our financial condition, which could constrain our liquidity and reduce availability under our revolving credit facility; higher than forecasted capital expenditures to maintain and repair our fleet of trucks, tanks, pipeline, equipment and disposal wells; control of costs and expenses; changes in customer drilling, completion and production activities, operating methods and capital expenditure plans, including impacts due to low oil and/or natural gas prices, shut-in production, decline in operating drilling rigs, closures or pending closures of third-party pipelines or the economic or regulatory environment; risks associated with the limited trading volume of our common stock on the NYSE American Stock Exchange, including potential fluctuation in the trading prices of our common stock; risks and uncertainties associated with the outcome of an appeal of the order confirming our previously completed plan of reorganization; risks associated with the reliance on third-party analyst and expert market projections and data for the markets in which we operate that is utilized in our strategy; present and possible future claims, litigation or enforcement actions or investigations; risks associated with changes in industry practices and operational technologies; risks associated with the operation, construction, development and closure of salt water disposal wells, solids and liquids transportation assets, landfills and pipelines, including access to additional locations and rights-of-way, permitting and licensing, environmental remediation obligations, unscheduled delays or inefficiencies and reductions in volume due to micro- and macro-economic factors or the availability of less expensive alternatives; the effects of competition in the markets in which we operate, including the adverse impact of competitive product announcements or new entrants into our markets and transfers of resources by competitors into our markets; changes in economic conditions in the markets in which we operate or in the world generally, including as a result of political uncertainty; reduced demand for our services due to regulatory or other influences related to extraction methods such as hydraulic fracturing, shifts in production among shale areas in which we operate or into shale areas in which we do not currently have operations, and shifts to reuse of water in completion activities; the unknown future impact of changes in laws and regulation on waste management and disposal activities, including those impacting the delivery, storage, collection, transportation, and disposal of waste products, as well as the use or reuse of recycled or treated products or byproducts; and risks involving developments in environmental or other governmental laws and regulations in the markets in which we operate and our ability to effectively respond to those developments including laws and regulations relating to oil and natural gas extraction businesses, particularly relating to water usage, and the disposal and transportation of liquid and solid wastes.

The forward-looking statements contained, or incorporated by reference, herein are also subject generally to other risks and uncertainties that are described from time to time in the Company’s filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s views as of the date of this press release. The Company undertakes no obligation to update any such forward-looking statements, whether as a result of new information, future events, changes in expectations or otherwise. Additional risks and uncertainties are disclosed from time to time in the Company’s filings with the SEC, including our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.


Contacts

Nuverra Environmental Solutions, Inc.
Investor Relations
602-903-7802
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Cognite Data Fusion powers Spot, the Boston Dynamics quadruped robot dog, as it completes autonomous mission onboard Aker BP Skarv installation in the North Sea

OSLO, Norway--(BUSINESS WIRE)--Cognite a global industrial AI software-as-a-service (SaaS) company supporting the full-scale digital transformation of heavy-asset industries around the world, has partnered with fully-fledged exploration and production company Aker BP to deploy Spot, the quadruped robotic dog, to pioneer the remote controlled offshore mission on the Skarv installation, 210 kilometers offshore in the North Sea.



The effort continues to build upon Aker BP and Cognite’s bold digital agenda to transform the industry through digitalization, which will result in improved efficiency, safety, and sustainability offshore. This recent endeavor signals a significant opportunity to transform the oil and gas industry worldwide.

Aker BP is committed to affordable, reliable, sustainable, and modern energy for all, and using robotics is a strong part of this vision. Spot’s work offshore is the next step in his journey as he was issued his official employee number in February at the Aker BP Capital Markets Day. In addition Aker BP has a number of other projects involving drones and additional mobile robots to deliver on their vision of optimized remote operations using Cognite’s data driven technology.

Cognite’s main software product, Cognite Data Fusion (CDF), served as the data infrastructure for the offshore test which collected images, scans, and sensors from robotics systems and then shared the data across Aker BP via a dashboard to make it actionable. Tasks included: autonomous inspection, high-quality data capture, and automatic report generation. These data insights provide onshore operators with telepresence on offshore installations allowing them complete realtime mission planning and help drive crucial activities.

The mobility of Spot offshore, and the communication between Spot, Cognite Data Fusion and Aker BP was both verified and tested. Data from Spot was available and sorted in Cognite Data Fusion in milliseconds, and Spot was remote controlled from a Cognite home office onshore demonstrating how robots and digital twins can have synergies and enhance each other. In addition, data from an operator round was collected to analyze if the sensor-stack on Spot was sufficient to comply with the proposed task.

“We are eager to explore how robotics systems can make offshore operations safer, more efficient, and more sustainable. The Spot offshore visit at the Skarv FPSO is one small step towards Aker BP’s vision to digitalize all our operations from cradle to grave to increase productivity, enhance quality, and improve the safety of our employees,” said Karl Johnny Hersvik, CEO of Aker BP.

“Missions like these demonstrate Spot’s value in difficult environments. Cognite continues to excel in testing and validating Spot’s ability to reduce risk to humans and provide value in the energy industry,” said Michael Perry, Vice President of Business Development at Boston Dynamics.

“This historic pairing of minds and machines working together to solve industry problems demonstrates that data driven decisions can change industry now,” said Dr. John Markus Lervik, CEO of Cognite. “This ability to guide Spot by remote control is a huge step forward for the industry and something we will continue to work closely with our partners on as we continue to innovate and provide data driven solutions.”

Cognite Data Fusion (CDF) is a cloud-based industrial data operations and intelligence platform, and it integrates seamlessly with existing IT and OT applications in the cloud, edge, and on-premise. CDF contextually enriches industrial data, providing an open, unified industrial data model that is easily accessible for humans and applications, enabling better analytical operations and data-driven decisions.

About Cognite

Cognite is a global industrial software-as-a-service (SaaS) company supporting the full-scale digital data driven transformation of heavy-asset industries around the world. Our core product, Cognite Data Fusion (CDF), is an industrial data operations and contextualization platform, putting raw data into real-world industrial context, enabling rapid application & solution creation at scale. CDF powers companies with contextualized OT/IT/ET data to develop solutions that increase safety, sustainability, efficiency, and drive revenue. Visit us at www.cognite.com and follow us on Twitter @CogniteData or at LinkedIn: https://www.linkedin.com/company/cognitedata

About Aker BP

Aker BP is a fully-fledged E&P company with exploration, development and production activities on the Norwegian Continental Shelf (NCS). Measured in production, Aker BP is one of the largest independent oil companies in Europe. Aker BP is the operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar, partner in the Johan Sverdrup field and has a total of 141 licenses, including non-operated licenses. Aker BP holds no oil or gas assets outside Norway. Visit us at www.akerbp.com or follow us at LinkedIn, Facebook or Instagram.


Contacts

Cognite
Michelle Holford
Global PR Lead
+15127443420 (US)
+4748290454 (Norway)
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Aker BP
Ole-Johan Faret
Press spokesperson
+4740224217
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SIMI VALLEY, Calif.--(BUSINESS WIRE)--$AVAV--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced it will issue financial results for the Company's second quarter ended October 31, 2020 after the market closes on Tuesday, December 8, 2020. Management will host a conference call and live audio webcast to discuss the results at 1:30 p.m. Pacific Time that day.


Hosting the call to review results for the fiscal second quarter will be Wahid Nawabi, president and chief executive officer, Kevin P. McDonnell, senior vice president and chief financial officer, and Steven A. Gitlin, chief marketing officer and vice president of investor relations.

Conference Call Event Summary

Date: December 8, 2020
Time: 1:30 PM PT (2:30 PM MT, 3:30 PM CT, 4:30 PM ET)
Toll-free: (877) 561-2749
International: (678) 809-1029
Conference ID: 4045199

Investors with Internet access may listen to the live audio webcast via the Investor Relations section of the AeroVironment, Inc. website, http://investor.avinc.com. Please allow 15 minutes prior to the call to download and install any necessary audio software.

Audio Replay Options

An audio replay of the event will be archived on the Investor Relations section of the Company's website at http://investor.avinc.com. The audio replay will also be available via telephone from Tuesday, December 8, 2020, at approximately 7:30 p.m. Pacific Time through Tuesday, December 15, 2020 at 7:30 p.m. Pacific Time. Dial (855) 859-2056 and enter the passcode 4045199. International callers should dial (404) 537-3406 and enter the same conference ID number to access the audio replay.

About AeroVironment, Inc.

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. For more information, visit www.avinc.com.


Contacts

AeroVironment, Inc.
Makayla Thomas
+1 (805) 520-8350
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DUBLIN--(BUSINESS WIRE)--The "Oil Refining Industry in Libya 2020" report has been added to ResearchAndMarkets.com's offering.


The downstream energy sector report, "Oil Refining Industry in Libya" is a complete source of information on Libya's crude oil refining industry. It provides refinery level information relating to existing and planned (new build) refineries such as insights and forecasts of refinery capacities, refined petroleum products production and consumption, refinery complexity factor and comparison against peer group countries in the respective region. The report also covers complete details of major players operating in the refining sector in Libya and in depth analysis of the latest industry news and deals.

Report Scope

  • Outlook of Libya's Oil Refining Industry and refined petroleum products beyond 2020
  • Forecasts of refined products production and consumption along with major refining companies and operators.
  • Historic and Forecasted Refining capacity and secondary units capacities beyond 2020
  • Key Opportunities and Restraints in country Refinery market
  • Benchmark with five peer group countries on Nelson Complexity Factor.
  • Market structure of Country Refining Industry, companies, capacities and market share.
  • Information on planned refineries such as planned capacity, equity structure, Operator Company, expected commissioning date and project cost.
  • Refined petroleum products production and demand beyond 2020.
  • Refinery level information such as refinery name, commissioned year, primary and secondary units installed capacities along with future capacity expansions, refinery complexity factor, ownership and operator details.
  • Company profiles of major refining companies including SWOT Analysis.
  • Latest mergers, acquisitions, contract announcements and all related industry news and deals analysis.

Key report benefits:

  • Vital source to make your strategic business decisions with our in-depth analysis based on historical and forecasted data on refineries, countries and companies
  • Identify potential opportunities for capital investments in upcoming refineries, capacity expansions and asset investments.
  • Assess merits and demerits of investing in a particular country's Refinery market against its peer group countries.
  • Strengthen your strategy formulation using the key information and data to maximize return on investments.
  • Identify potential investment opportunities present across the Refinery value chain in the entire world
  • Appraise upcoming refineries using our asset level information.
  • Essential and latest information to keep you ahead of competitors by understanding rival companies' business strategies.
  • Make your vital financial decisions using latest news and deals information.

Key Topics Covered:

1 Table of Contents

1.1 List of Figures

1.2 List of Tables

2 Introduction to Libya Refining Markets

3 Refining Industry in Libya

3.1 Libya Refining Market Snapshot, 2019

3.2 Role of Libya in Global and Regional Refining Markets

3.2.1 Contribution to Middle East and Africa and Global Refining Capacity, 2019

3.2.2 Libya Average Nelson Complexity Factor (NCF) vs. Middle East and Africa and Global, 2019

4 Libya Refining Market- Drivers and Restraints

4.1 Libya Refining Industry: Trends and Issues

4.2 Major Restrains of Investing in Libya Refining Sector

5 Libya Oil Products Demand and Supply Forecast to 2025

5.1 Libya Refined Products Demand Forecast to 2025

5.2 Libya Refined Products Production Forecast to 2025

6 Libya Refinery Capacities Forecast to 2025

6.1 Location, Operator, Ownership, Startup Details of Operational Refineries in Libya

6.2 Libya Total Refining Capacity Historic and Forecast, 2012-2025

6.3 Libya Refining Capacity Historic and Forecast, 2012-2025

6.4 Libya Refinery wise Secondary Conversion Unit-1 Capacity, 2012-2025

6.5 Libya Refinery wise Secondary Conversion Unit-2 Capacity, 2012-2025

6.6 Libya Refinery wise Secondary Conversion Unit-3 Capacity, 2012-2025

7 Libya Refining Industry- Future Developments and Investment Opportunities

7.1 Capital Investment Details of All Upcoming Refineries

7.2 Location, Operator, Ownership, Start Up Details of Planned Refineries in Libya

7.2.1 Refinery Location, Operator, Ownership, Startup Details

7.3 Refinery Capacities of All Upcoming Refineries

8 Key Strategies Libya Refining Companies

8.1 Libya Company wise Refining Capacity Forecast, 2012-2025

9 National Oil Corporation (NOC) Company Profile

9.1 National Oil Corporation (NOC) Key Information

9.2 National Oil Corporation (NOC) Company Overview

9.3 National Oil Corporation (NOC) Business Description

9.4 National Oil Corporation (NOC) SWOT Analysis

9.5 National Oil Corporation (NOC) Financial Ratios - Capital Market Ratios

9.6 National Oil Corporation (NOC) Financial Ratios - Annual Ratios

9.7 National Oil Corporation (NOC) Financial Ratios - Interim Ratios

10 Libya Refining Industry Latest Tenders and Contracts

11 Libya Refining Industry Updates

12 Libya Refining Industry Deals

13 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/fbu8tz

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.


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