DUBLIN--(BUSINESS WIRE)--The "Shale Gas Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The overall worldwide production of shale gas is about 535.915 bcm per year, in 2018.
The increase in domestic consumption of natural gas is likely to increase the demand for shale gas. Besides this, advancement in horizontal drilling technology and the development of hydraulic fracturing technology have made the shale gas production activity economically viable and also improved access to deeper shale gas deposits. However, technological advancement in the use of renewable energy and government environment policies have affected the shale gas market.
Environmental activists are protesting against shale gas & oil drilling and production activity as it requires lots of water and produced harmful emissions. Whereas, the European Union and many other country's governments are investing in renewable energy technology for clean energy requirements. This, in turn, is expected to hinder the growth of the shale gas market in the coming years.
Companies Mentioned
Key Market Trends
Increasing Environmental Concerns to Restrain the Market
North America to Dominate the Market
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Shale Gas Production and Forecast in billion cubic meter (BCM), 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 Geography
5.1.1 North America
5.1.2 South America
5.1.3 Asia-Pacific
5.1.4 Europe
5.1.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/sd0y5t
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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BOCA RATON, Fla.--(BUSINESS WIRE)--East Resources Acquisition Company (NASDAQ: ERESU) (the “Company”) announced that, commencing September 14, 2020, holders of the units sold in the Company’s initial public offering (the “Units”) may elect to separately trade the shares of Class A common stock and warrants included in the Units. The Shares of Class A common stock and warrants that are separated will trade on the NASDAQ Stock Market, LLC (“NASDAQ”) under the ticker symbols “ERES” and “ERESW,” respectively. Those Units not separated will continue to trade on NASDAQ under the ticker symbol “ERESU.”
The Units were initially offered by the Company in an underwritten offering. Wells Fargo Securities, LLC served as the sole book runner for the offering.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission (“SEC”) and became effective on July 22, 2020.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
ABOUT EAST RESOURCES ACQUISITION COMPANY
East Resources Acquisition Company, led by Terrence (Terry) M. Pegula, is a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the energy industry in North America.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
SOURCE East Resources Acquisition Company
Investor Contact:
Dave Callahan
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Flow Computer Oil Gas Market - Growth, Trends, Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The Flow Computer Oil Gas Market is expected to grow at a CAGR of 4.83% during the forecast period. The growth can be attributed to the growing need for reliable flow and high-tech computing systems and the continually evolving data computational capacity of flow computers.
Over the past decade, the shale boom and changing oil and gas markets have driven the growth of oil and gas production, much of which has been enabled by advancement in communications and computing technology. The modern shale production well pad designs require for 8 to 24 wells, each of which may produce oil and natural gas. The economics of the modern oil and gas field requires concentration of measurement controls in a single location.
Companies Mentioned
Key Market Trends
Evolving Data Computational Capacity of Flow Computers
North America to Hold the Largest Market Share
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Need for Reliable Flow and High-Tech Computing Systems
4.2.2 Continually Evolving Data Computational Capacity of Flow Computers.
4.3 Market Restraints
4.3.1 Cyber-Security Threats Deterring Deployment of Advanced Flow Computer Systems
4.3.2 Dynamic Changes in Oil & Gas Prices leading to Reduced Investment in Infrastructure
4.4 Industry Value Chain Analysis
4.5 Assessment of Impact of Covid-19 on the Industry
5 MARKET SEGMENTATION
5.1 Offering
5.1.1 Hardware
5.1.2 Software
5.2 Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 Latin America
5.2.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/czriic
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that Scott Rowe, president and chief executive officer, will participate in a virtual fireside chat during the Morgan Stanley Virtual 8th Annual Laguna Conference on Thursday, September 17 at 9:00 a.m. EDT.
A webcast of Mr. Rowe’s discussion will be available for shareholders and other interested parties at www.flowserve.com under the “Investor Relations” section.
Safe Harbor Statement:
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: the impact of the global outbreak of COVID-19 on our business and operations; a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; if we are not able to successfully execute and realize the expected financial benefits from our strategic transformation and realignment initiatives, our business could be adversely affected; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; economic, political and other risks associated with our international operations, including military actions, trade embargoes, epidemics or pandemics or changes to tariffs or trade agreements that could affect customer markets, particularly North African, Russian and Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela and Argentina; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; expectations regarding acquisitions and the integration of acquired businesses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; access to public and private sources of debt financing; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; our internal control over financial reporting may not prevent or detect misstatements because of its inherent limitations, including the possibility of human error, the circumvention or overriding of controls, or fraud; the recording of increased deferred tax asset valuation allowances in the future or the impact of tax law changes on such deferred tax assets could affect our operating results; our information technology infrastructure could be subject to service interruptions, data corruption, cyber-based attacks or network security breaches, which could disrupt our business operations and result in the loss of critical and confidential information; ineffective internal controls could impact the accuracy and timely reporting of our business and financial results; and other factors described from time to time in our filings with the Securities and Exchange Commission.
All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.
The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). However, management believes that non-GAAP financial measures which exclude certain non-recurring items present additional useful comparisons between current results and results in prior operating periods, providing investors with a clearer view of the underlying trends of the business. Management also uses these non-GAAP financial measures in making financial, operating, planning and compensation decisions and in evaluating the Company's performance. Throughout our materials we refer to non-GAAP measures as “Adjusted.” Non-GAAP financial measures, which may be inconsistent with similarly captioned measures presented by other companies, should be viewed in addition to, and not as a substitute for, the Company’s reported results prepared in accordance with GAAP.
Investor Contacts:
Jay Roueche, Vice President, Investor Relations & Treasurer (972) 443-6560
Mike Mullin, Director, Investor Relations, (972) 443-6636
Media Contact:
Lars Rosene, Vice President, Corporate Communications & Public Affairs, (972) 443-6644
DUBLIN--(BUSINESS WIRE)--The "Nigeria Energy Requirements Forecasted to 2050" report has been added to ResearchAndMarkets.com's offering.
The scope of this report is the analysis and forecast of energy carriers in Nigeria. Energy is the facilitator of activity. This report focuses on the energy generated from all energy sources in the country, both primary and secondary and quantifies useful energy available for consumption now (2020) and forecasted to 2050.
The various structural changes envisaged in the future such as the decommissioning of back-up generators and the entry of renewables such solar and wind, the emergence of the use of electric vehicles but the ongoing demand for liquid fuels as well as the fall in the demand for coal all form part of the parameters of the scope of the report.
The primary energy carriers of oil, natural gas, coal, hydro-electric and renewables are all analysed as useful energy in the hands of the consumer. Natural gas consumption is combined with the use of oil and coal where it plays the significant role in the generation of electricity The scope outlook is from 2020 to 2050 integrating all end-user energy carrier generation outputs into a coherent energy mix to meet the needs of an increasingly urbanized population and strongly growing economy.
Methodology
The principal methodology used in the report is applying econometric analysis modelling to an extensive database of global and Nigerian time series that include energy, economic, demographic and social indicators.
A global economic outlook and forecast to 2050 is compiled from seven regions which are benchmarked against forecasts from international bodies such as the OECD. The model allows for input by the user who can alter the forecasts to predict different scenarios. The next section deals with the global oil market and specifically with the international oil price. Here again, the user may alter the forecasted oil consumption levels in each of the seven regions. The oil price is forecast based on an ordinary least squares model econometric as outlined in the report.
The Nigerian macroeconomy is dealt with next where an extensive, national accounts forecast table is part of the model (which also allows user input) and is benchmarked to forecasts made by international organizations.
The energy carriers for Nigeria are individually analysed. In the case of oil, a virtual refinery is modeled with the base being the forecasted oil price. A refining margin is added and through the exchange rate petrol and diesel pump prices for Kenya are arrived at. However, the models for petrol and diesel built below both produced poor fits as evidenced by the low adjusted R-squared and hence had inferior predictive abilities. Hence other statistical techniques were used to forecast their values to
2050.
Electricity generation is the sum of the electricity produced by wind, solar, hydro, biomass, coal, oil, gas and back-up generator energy carriers. In the report, all these sources of energy are forecasted using econometric models and other modelling techniques.
Key Topics Covered:
List of Figures
Figure A - Consumption of Electrical Energy 2018 to 2050
Figure 1 - Maslow's Hierarchy of Needs Triangle
Figure 2 - Forecasts of Global Economic Growth
Figure 3 - Global Economic Growth: Selected Economies
Figure 4 - Nigeria Energy Forecasts 2020 to 2050: Economic Assumptions Table
Figure 5 - World Consumption of Primary Energy 2014 - 2018
Figure 6 - World Consumption of Primary Energy 2020 - 2050
Figure 7 - World Proven Oil Reserves
Figure 8 - Oil Econometric Model Statistics
Figure 9 - Ongoing Consumption of Oil while Price Declines due to Oversupply
Figure 10 - Nigerian Energy Forecasts 2020 to 2050: Oil Consumption Table
Figure 11 - Map Nigeria
Figure 12 - Gross Domestic Product at 2010 Constant Basic Prices
Figure 13 - Nigeria: Expenditure on GDP - 2010 Prices (Naira billions)
Figure 14 - Nigeria: Expenditure on GDP - 2010 Prices (Naira billions)
Figure 15 - Nigerian Economic Growth
Figure 16 - Nigerian Economic Growth closing in on the Population
Figure 17 - World Consumption of Primary Energy
Figure 18 - Position of the size of the Nigerian economy amongst its peers in the world
Figure 19 - Petrol Econometric Model Statistics
Figure 20 - Diesel Econometric Model Statistics
Figure 21 - Domestic Petroleum Product Consumption
Figure 22 - Liquid Fuels Demand
Figure 23 - Fossil Fuel Econometric Model Statistics
Figure 24 - Hydro Econometric Model Statistics
Figure 25 - Electricity Component Generators
Figure 26 - Consumption of Electrical Energy
Figure 27 - Long Term Average of PVOUT
Figure 28 - Distribution of Wind Energy
For more information about this report visit https://www.researchandmarkets.com/r/3zvmfn
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) today announced that Jack Harper, President, will present at the Raymond James 16th Annual North American Equities Conference. The presentation will begin at 7:50 AM CT on Tuesday, September 15, 2020.
A live audio webcast of the presentation will be available on the “Events & Presentations” page under the “Investors” section of the Company’s website at www.concho.com. The webcast will be archived and available at the same location after the conclusion of the live event.
Concho Resources Inc.
Concho Resources (NYSE: CXO) is one of the largest unconventional shale producers in the Permian Basin, with operations focused on safely and efficiently developing and producing oil and natural gas resources. We are working today to deliver a better tomorrow for our shareholders, people and communities. For more information about Concho, visit www.concho.com.
INVESTOR RELATIONS
Megan P. Hays
Vice President of Investor Relations & Public Affairs
432.685.2533
MEDIA
Mary T. Starnes
Manager of Public Affairs & Corporate Responsibility Strategy
432.221.0477
DUBLIN--(BUSINESS WIRE)--The "Kenyan Energy Requirements Forecasted to 2050" report has been added to ResearchAndMarkets.com's offering.
The scope of this report is the analysis and forecast of energy carriers in Kenya. The report focuses on the energy generated from all sources in the country, both primary and secondary. It quantifies useful energy available for consumption now (2020) and forecast to 2050.
Kenya's energy journey from a primary biomass-based country through geothermal, hydro and solar and wind are all analysed in detail and forecasted over the period. Government's Kenya Vision 2030 aspires to transform Kenya from low income status into a middle-income country and a key element to this vision is a lower cost of power reaching more broadly across the population. The Programme for Infrastructure Development in Africa is forecasting an additional 140,000 MW of power over for the East African Power Pool. Kenya's share of this is 13,852 MW of planned peak demand by 2038 or an increase of just over 11,000 MW over this 20-year period.
Kenya is moving towards procuring more of its additional power from wind and solar. In recent years the substantial growth in hydro, wind and solar energy led to a decline in generation from oil, gas and coal sources and electricity imports. The report analyses the expected progress of renewable energy over the forecasted period.
The scope outlook is from 2020 to 2050 integrating all end user energy carrier generation outputs into a coherent energy mix to meet the needs of an increasingly urbanized population and growing economy.
Corona Virus Pandemic
The report includes an analysis of the effects of the virus on the Kenyan economy and the sectors most impacted by the pandemic.
Methodology
The principal methodology used in the report is applying econometric analysis modelling to an extensive database of global and Kenyan time series that include energy, economic, demographic and social indicators.
A global economic outlook and forecast to 2050 is compiled from seven regions which are benchmarked against forecasts from international bodies such as the OECD. The model allows for input by the user who can alter the forecasts to predict different scenarios. The next section deals with the global oil market and specifically with the international oil price. Here again the user may alter the forecasted oil consumption levels in each of the seven regions. The oil price is forecast based on an ordinary least squares econometric model as outlined in the report.
An extensive, national accounts forecast table is part of the model (which also allows us-er input) and is benchmarked to forecasts made by international organizations e.g. OECD and EIA).
The energy carriers for Kenya are individually analysed. In the case of oil, a virtual refinery is modeled with the base being the forecasted oil price. A refining margin is added and through the exchange rate petrol and diesel pump prices for Kenya is arrived at. The price for petrol is forecast to 2050 as part of the petrol econometric model used together with real household consumption expenditure to arrive at petrol volumes. Diesel volumes are forecast using real Gross Domestic Fixed Investment, the Kenyan Urban Population and Kenya Petrol sales.
Electricity generation is the sum of the electricity produced by wind, solar, hydro, biomass, coal, oil, gas and geothermal energy carriers. In the report all these sources of energy are forecasted using econometric models and other modelling techniques.
Key Topics Covered:
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/t6un9
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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MIAMI--(BUSINESS WIRE)--World Fuel Services Corporation (NYSE:INT) announced today that its board of directors has declared a quarterly cash dividend of $0.10 per share payable on October 9, 2020 to shareholders of record on September 25, 2020.
About World Fuel Services Corporation
Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing energy procurement advisory services, supply fulfillment and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.
For more information, call 305-428-8000 or visit www.wfscorp.com.
Ira M. Birns,
Executive Vice President &
Chief Financial Officer
Glenn Klevitz,
Vice President & Treasurer
305-428-8000
Chevron’s Delo Traveling Technology Lab wins top honors for Best Road Show & Multivenue Event Activation
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Products Company, a division of Chevron U.S.A. Inc., maker of technologically advanced engine oils, lubricants and coolants, is proud to announce the Delo® Traveling Technology Lab (DTTL) has been awarded top honors for best road show & multivenue event by EXHIBITOR Magazine, a leading publication for trade show and event exhibitions. EXHIBITOR’s Corporate Event Awards are judged on the level of innovation and their measurable results.
“The Delo Traveling Technology Lab represents a massive step change in how Chevron brings information to customers by leveraging advantages in digital technology delivered in the most compelling way,” said James Booth, Commercial Sector Manager, North America at Chevron. “We’re proud to accept this award in recognition of the value we are bringing to our customers by helping the heavy-duty trucking and equipment industry understand the latest trends and providing timely business insights.”
The Chevron DTTL consists of 11 interactive exhibits, including the use of virtual reality (VR) and augmented reality (AR). Centered inside and outside a double-sized trailer, attendees have the opportunity to build a maintenance shop, fly through an engine in VR, formulate oil, test their coolant, select the best products for the vehicles, and take a closer look at proof of performance in AR. The interactive exhibits cohesively tell the story of the life of a heavy-duty powertrain and how lubricant technology can impact the bottom line of businesses that depend on heavy-duty trucks and equipment.
The level of engagement the Chevron DTTL has brought to customers and the feedback from exhibit visitors validates Chevron’s customer-focused and forward-thinking methods of industry and product education. Chevron is proud of the ways this unique digital experience has elevated customer awareness of complex technical information, with the result of enabling customers to better understand the needs of their heavy-duty vehicles and equipment and the solutions available to meet those needs.
In addition to the overwhelmingly positive feedback Chevron has received from exhibit visitors, this industry-leading award amplifies Chevron’s determination to provide above-and-beyond customer service.
“The fact this award is global, judged by a formidable multidisciplinary panel, and has a prestigious list of former winners, is a testament to the vision and fortitude of the DTTL team, including agency partner Deckel & Moneypenny,” said Booth. “As the world continues to adjust to uncertainties around when public gatherings will recommence, it is the forward-thinking approach that has readily allowed Chevron to pivot to virtual events.”
About Chevron Products Company
Chevron Products Company is a division of an indirect, wholly owned subsidiary of Chevron Corporation (NYSE: CVX) headquartered in San Ramon, CA. A full line of lubrication and coolant products are marketed through this organization. Select brands include Havoline®, Delo® and Havoline Xpress Lube®. Chevron Intellectual Property LLC owns patented technology in advanced lubricants products, new generation base oil technology and coolants.
For more information go to: www.ChevronLubricants.com
Ryan Donough
BCW for Chevron’s Delo Brand
This email address is being protected from spambots. You need JavaScript enabled to view it.
415-403-8311
LEAWOOD, KS--(BUSINESS WIRE)--TortoiseEcofin today announced upcoming additions to its indices as part of its regular quarterly rebalancing for the third quarter of 2020. Following the close of trading on September 18, 2020, the indices will be rebalanced and as a result, the following changes will become effective.
Ecofin Global Water ESG Index SM
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Action |
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Ticker |
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Addition |
Lindsay Corp |
LNN |
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Addition |
Tetra Tech Inc |
TTEK |
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Addition |
Montrose Environmental Group Inc |
MEG |
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The full constituent list can be viewed at https://tortoiseadvisors.com/media/1260/egwesg-constituent-overview-61920.pdf
Ecofin Global Digital Payments Infrastructure IndexSM
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Action |
Company |
Ticker |
Addition |
BigCommerce Holdings Inc |
BIGC |
The full constituent list can be viewed at https://tortoiseadvisors.com/media/1539/tpmt-constituent-overview-61920.pdf
There were no third quarter rebalancing updates to report for the Tortoise MLP Index® (TMLP) and the Tortoise North American Pipeline IndexSM (TNAP).
The full constituent list for TMLP can be viewed at https://tortoiseadvisors.com/media/1528/tmlp-constituent-overview-61920.pdf
The full constituent list for TNAP can be viewed at https://tortoiseadvisors.com/media/1530/tnap-constituent-overview-61920.pdf
About TortoiseEcofin
TortoiseEcofin focuses on essential assets – those assets and services that are indispensable to the economy and society. We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social impact projects focused on education and senior housing. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which unites ecology and finance and has roots back to the early 1990s. To learn more, please visit www.tortoiseadvisors.com.
The Tortoise MLP Index® is a float-adjusted, capitalization weighted index of energy master limited partnerships (MLPs). The index is comprised of publicly traded companies organized in the form of limited partnerships or limited liability companies engaged in transportation, production, processing and/or storage of energy commodities.
The Tortoise North American Pipeline IndexSM is a float-adjusted, capitalization weighted index of pipeline companies that are organized and have their principal place of business in the United States or Canada. A pipeline company is defined as a company that either 1) has been assigned a standard industrial classification (“SIC”) system code that indicates the company operates in the energy pipeline industry or 2) has at least 50% of its assets, cash flow or revenue associated with the operation or ownership of energy pipelines. Pipeline companies engage in the business of transporting natural gas, crude oil and refined products, storing, gathering and processing such gas, oil and products and local gas distribution. The index includes pipeline companies structured as corporations, limited liability companies and master limited partnerships (MLPs).
The Ecofin Global Water ESG Total Return IndexSM is a proprietary, rules-based, modified capitalization-weighted, float-adjusted index comprised of companies that are materially engaged in the water infrastructure or water management industries.
The indices mentioned above are the exclusive property of TIS Advisors, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Tortoise MLP Index®, Tortoise North American Pipeline IndexSM, and Ecofin Global Water ESG IndexSM (the “Indices”). The Indices are not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Indices. “Calculated by S&P Dow Jones Indices” and its related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by TIS Advisors and its affiliates. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”), and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”).
The Ecofin Global Digital Payments Infrastructure IndexSM represents the existing global digital payments landscape. It is a proprietary, rules-based, modified market capitalization-weighted, float-adjusted index comprised of companies that are materially engaged in digital payments, including merchant processing and settlement, real time record keeping, settlement networks, and Fintech products/ services that facilitate the ease, efficiency, and speed of electronic transactions. This includes companies whose primary business is comprised of one or a combination of the following categories: credit card networks, electronic transaction processing and associated products/services, credit card issuers, electronic transaction processing software (payments Fintech) or online financial services market places.
This index mentioned above is the exclusive property of TIS Advisors and is calculated by Solactive AG (“Solactive”). The financial instruments that are based on the Index are not sponsored, endorsed, promoted or sold by Solactive AG (“Solactive”) in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or the completeness of the Index or the calculations thereof; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Index.
This data is provided for informational purposes only and is not intended for trading purposes. This document shall not constitute an offering of any security, product or service. The addition, removal or inclusion of a security in the index is not a recommendation to buy, sell or hold that security, nor is it investment advice. The information contained in this document is current as of the publication date. TortoiseEcofin makes no representations with respect to the accuracy or completeness of these materials and will not accept responsibility for damages, direct or indirect, resulting from an error or omission in this document. The methodology involves rebalancing and maintenance of the index that is made periodically during each year and may not, therefore, reflect real time information.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Maggie Zastrow at (913) 981-1020 or This email address is being protected from spambots. You need JavaScript enabled to view it.
DALLAS--(BUSINESS WIRE)--Amen Properties, Inc. (Pink Sheets: AMEN) today announced financial results for its fiscal quarter ended June 30, 2020. The Company posted quarterly revenue of $20 thousand and a net loss of $(108) thousand. These results compare to revenue of $642 thousand and net income of $58 thousand for the same quarter last year. The Company’s decline in revenue and profitability for the quarter was driven by decreases in oil and gas production and commodity prices.
Amen announced that the Company’s Board of Directors has approved the payment of a quarterly dividend of $10 per share, to be paid on September 30, 2020 to shareholders of record as of the close of business on September 23, 2020.
Finally, Amen reiterated that its Board has approved a plan whereby the Company will no longer hedge the revenue stream associated with its oil and gas royalties. “Shareholders of Amen need to understand that they hold an un-hedged long oil and gas position and should pursue their own hedging strategy if they are uncomfortable with that risk,” said Kris Oliver, Amen’s Chief Financial Officer.
The Company’s 2020 second quarter report is available for viewing or download from the company’s web site – www.amenproperties.com.
About Amen Properties:
Amen Properties owns a portfolio of properties including real estate and oil and gas interests.
Cautionary Statement:
This document contains forward-looking statements, which involve a number of risks and uncertainties that could cause our actual results to differ materially from those reflected in the forward-looking statements. Forward-looking statements can be identified by use of the words "expect," "project," "may," "might," potential," and similar terms. AMEN Properties, Inc. ("Amen", "we" or the "Company") cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Amen's control. These factors include, but are not limited to, our ability to implement our strategic initiatives, economic, political and market conditions and price fluctuations, government and industry regulation, U.S. and global competition and other factors. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Press and Investor Relations Contact:
Kris Oliver
(972) 999-0494
LONDON--(BUSINESS WIRE)--#GlobalSidetrackingMarket--Technavio has been monitoring the sidetracking market and it is poised to grow by USD 2 bn during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Baker Hughes Co., Equinor ASA, Eurasia Drilling Co. Ltd., Halliburton Energy Services, Inc., Nabors Industries Ltd., National Oilwell Varco Inc., Odfjell Drilling Ltd., Schlumberger Ltd., Weatherford International Plc, and Yantai Jereh Oilfield Services Group Co. Ltd. are some of the major market participants. The production optimization of mature oil and gas fields will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Sidetracking Market 2020-2024: Segmentation
Sidetracking Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41404
Sidetracking Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The sidetracking market report covers the following areas:
This study identifies the adoption of automation in oilfield operations as one of the prime reasons driving the sidetracking market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Sidetracking Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
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LEAWOOD, Kan.--(BUSINESS WIRE)--Tallgrass Energy Partners, LP (“TEP”) announced today that it, along with Tallgrass Energy Finance Corp., a subsidiary of TEP, priced an upsized offering of $600 million in aggregate principal amount of 7.500% senior unsecured notes due 2025 at an offering price equal to 100% of par (the “Notes Offering”).
The Notes Offering is expected to close September 16, 2020, subject to satisfaction of customary closing conditions. TEP intends to use the net proceeds of the Notes Offering to repay a portion of the outstanding borrowings under its existing senior secured revolving credit facility.
The securities to be offered have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws. Unless so registered, the securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. TEP plans to offer and sell the securities only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act.
About Tallgrass Energy
Tallgrass Energy is a leading energy and infrastructure company operating across 11 states with transportation, storage, terminal, water, gathering and processing assets that serve some of the nation’s most prolific crude oil and natural gas basins.
Investor and Financial Inquiries
Andrea Attel, (913) 928-6012
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or
Media and Trade Inquiries
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LONDON--(BUSINESS WIRE)--#DemandResponseDRMarket--Technavio has been monitoring the demand response (DR) market and it is poised to grow by USD 5.91 bn during 2020-2024, progressing at a CAGR of over 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions-
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Cisco Systems Inc., Enel Spa, Honeywell International Inc., Itron Inc., LS Power Development LLC, Oracle Corp., Schneider Electric SE, Siemens AG, and Toshiba Corp. are some of the major market participants. the gap between electricity supply and demand will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Demand Response (DR) Market 2020-2024: Segmentation
Demand Response (DR) Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41453
Demand Response (DR) Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The demand response (DR) market report covers the following areas:
This study identifies the rising popularity of clean energy technologies as one of the prime reasons driving the demand response (DR) market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Demand Response (DR) Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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/
NEW YORK--(BUSINESS WIRE)--#exploration--Hess Corporation (NYSE:HES) announced today that John Hess, Chief Executive Officer, will participate in a Fireside Chat at the J.P. Morgan U.S. All Stars Conference September 15 at noon Eastern Time.
A live audio webcast and a replay of the discussion will be accessible via Hess Corporation’s website.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/.
Cautionary Statements
This presentation will contain projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the company’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain risk factors. A discussion of these risk factors is included in the company’s periodic reports filed with the Securities and Exchange Commission.
Investors:
Jay Wilson
(212) 536-8940
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Media:
Lorrie Hecker
(212) 536-8250
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LONDON--(BUSINESS WIRE)--#GlobalShippingContainerLinersMarket--Technavio has been monitoring the shipping container liners market and it is poised to grow by USD 174.63 million during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions-
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. A.P. Moller - Maersk AS, Amcor Plc, Berry Global Group Inc., Bulk Handling Australia Group Pty. Ltd., Bulk-Flow, Eceplast Srl, Greif Inc., Intertape Polymer Group Inc., LC Packaging International BV, and Sinopack Industries Ltd. are some of the major market participants. The increasing need for container liners will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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View market snapshot before purchasing
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Shipping Container Liners Market 2020-2024: Segmentation
Shipping Container Liners Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43008
Shipping Container Liners Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The shipping container liners market report covers the following areas:
This study identifies increased innovation in the global container liners market as one of the prime reasons driving the shipping container liners market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Shipping Container Liners Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
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Website: www.technavio.com/
LONDON--(BUSINESS WIRE)--#energyindustry--Infiniti Research is the world's leading independent provider of strategic market intelligence solutions. Our market intelligence services are designed to connect your organization’s goals with global opportunities. Infiniti Research has announced the completion of its latest article on spearheading transformations in the oil and gas supply chain.
As the supply chain spending by operators has been cut back due to crumbling crude prices, the Oil Field Services and Equipment companies (OFSE) have been losing business. To cope with the changing market conditions, companies in the oil and gas industry have cut down costs and, in some cases, made changes to their business models to thrive. Players in the oil and gas industry are confronting significant strategic challenges and complex decision-making due to volatile market conditions. Request a free proposal to know more about how we can help oil and gas companies formulate sustainable business strategies.
According to experts at Infiniti Research, here are some critical considerations for the C-suite in the oil and gas sector to stabilize revenues and cope with market transformations:
Cost-cutting
The oil and gas industry has grown exponentially over the years, owing to soaring crude prices in both domestic and international markets. However, the current oil and gas industry landscape and the recurring need to cut down prices have come as a big blow for oil and gas companies. Operators are now rediscovering the spirit of efficiency to overcome these challenging times. Tactical initiatives such as project postponements, expenditure cuts, and staff reductions are increasingly being given importance, and OFSE firms are responding by cutting back on their own service and manufacturing footprint to cope with less activity, lowering their costs for solutions delivered.
In the past 15 years, we have undertaken 500+ projects across all major regions and industry sectors, helping clients plan and execute the strategies required to sustain and grow. Get in touch with our experts for more insights on our market intelligence solutions and how it can help your organization.
New revenue models
New revenue models have emerged in the oil and gas sector, including performance-based contracts that combine equipment and services and participation in project financing. This allows oil and gas companies to give operators more flexibility by reducing their cost base and need for investment during challenging times.
Investment in new technologies
Investments in modern technologies are facilitating oil and gas companies to capture new growth and attain sustainability. Many OFSEs now are redesigning equipment using modular designs to drive out inefficiencies and achieve maximum cost reduction.
Our custom market intelligence solutions can help oil and gas companies to manage uncertainty and improve performance through analysis, insights, and benchmarking. To learn more, request for more information.
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit:https://www.infinitiresearch.com/about-us
Infiniti Research
Anirban Choudhury
Marketing Manager
US: +1 844 778 0600
UK: +44 203 893 3400
https://www.infinitiresearch.com/contact-us
LONDON--(BUSINESS WIRE)--#ButaneMarket--The butane market is expected to grow by USD 13.22 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.
Request challenges and opportunities influenced by COVID-19 pandemic - Request a Free Sample Report on COVID-19 Impacts
LPG is a cleaner alternative to conventional fuels such as petrol and diesel as it contains comparatively simpler hydrocarbon compounds. LPG offers similar efficiency and better mileage than petrol vehicles for the same volume of fuel. Also, LPG is free from additives such as lead and has very low sulfur content. Moreover, vehicles that run on LPG have comparatively lower maintenance costs due to the cleaner burning of the fuel. Many such benefits are increasing the use of LPG as an automotive fuel, which is contributing to the growth of the global butane market.
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44057
As per Technavio, the increasing demand for LPG in APAC will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Butane Market: Increasing Demand for LPG in APAC
The rising number of petrochemical units such as propane dehydrogenation units, alkylation units, mixed dehydrogenation, steam crackers, and isomerization units has increased the use of LPG in APAC. In addition, the rising competition from the US LPG exporters is prompting exporters in the Middle East to strengthen the existing deals with major importers in the region. For instance, India has signed a contract with Iran to import LPG to meet the growing domestic demand for cooking fuel. Similarly, the growing demand from propane dehydrogenation (PDH) plants has significantly increased LPG imports in China. Therefore, the increasing import of LPG in APAC is expected to fuel the growth of the global butane market during the forecast period.
“Less stringent regulations in North America and the increasing number of strategic alliances will further boost market growth during the forecast period”, says a senior analyst at Technavio.
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Butane Market: Segmentation Analysis
This market research report segments the butane market by Application (LPG, Petrochemicals, Refineries, and Others) and Geography (APAC, MEA, North America, Europe, and South America).
The APAC region led the butane market in 2019, followed by MEA, North America, Europe, and South America respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to the increased use of LPG in the production of plastic products.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Some of the key topics covered in the report include:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
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Website: www.technavio.com/
Discoverer of the Titanic, Dr. Bob Ballard & International Opera Producer Peter Sellars among those appearing at event at the USS Iowa in San Pedro. Evening to include the U.S. premiere of Idomeneo. The night will also end with a unique art installation projected against the Iowa, fusing together scientific data and the artistic minds of Mason Rothschild, Annie Sperling and Refik Anadol.
LOS ANGELES--(BUSINESS WIRE)--AltaSea at the Port of Los Angeles -- a unique public-private ocean institute that convenes and nurtures the best and brightest pioneers and organizations in science, business and education -- is hosting their first-ever The Blue Hour, a spectacular drive-in experience focusing on LA as the global capital of the Blue Economy, and the importance of educating young people on ocean exploration and conservation. The Blue Hour will honor those who have paved the way for AltaSea and those who will continue to forge new paths. The event – with a maximum attendance of 240 cars -- will take place on October 10, 2020 from 6:00-8:30 PM PDT in the parking lot next to the USS Iowa, a retired battleship moored on the San Pedro waterfront.
The drive-in experience is brought to you by Energy Independence Now (EIN), and will be powered by Toyota’s cutting-edge hydrogen fuel cell electric vehicle technology. Considered to be the crucial next step in a zero-emissions future, hydrogen fuel cells leave no emissions behind. Tickets to The Blue Hour will go on sale on September 10. More information can be found at https://altasea-project-blue.org/project-blue-presents-2/.
“2020 is unprecedented in every way, but nothing will not stop us from recognizing and celebrating the people who are playing an important role in our ocean community – from some of the most accomplished ocean explorers to the next generation of ocean innovators,” said AltaSea CEO Tim McOsker. “AltaSea is fully committed to growing the Blue Economy and leading the charge in ocean preservation. The Blue Hour will bring a special focus to our work through an incredibly unique and fun evening – with social distancing included.”
AltaSea will present three awards throughout the evening, recognizing those who have both paved the way and inspired the next generation of ocean innovators and explorers through their work:
Dr. Robert Ballard, founder and president of the Ocean Exploration Trust, has been named the recipient of the Explorer Award. Among the most accomplished deep-sea explorers, Dr. Ballard is best known for his discoveries of the sunken R.M.S. Titanic, the German battleship Bismarck, and numerous other shipwrecks around the world. He has received numerous awards for his work, including the National Endowment for the Humanities Medal from President George W. Bush in 2003.
Dr. Dawn Wright will receive the Ocean Innovation Award. Dr. Wright serves as the chief scientist for the Environmental Systems Research Institute (Esri), a world-leading geographic information system (GIS) software, research, and development company. She plays a critical role in strengthening the scientific foundation for Esri software and services, while also representing the company to the international scientific community. Dr. Wright is an active board member of National Oceanic and Atmospheric Administration (NOAA) and other conservation agencies. Dr. Wright is also a professor of Geography and Oceanography in the College of Earth, Ocean, and Atmospheric Sciences at Oregon State University, winning Oregon Professor of the Year by the Carnegie Foundation for the Advancement of Teaching and the Council for the Advancement and Support of Education in 2007.
The winner of the NextGen Award is a local 4th grader, Avantika Vajesh. Vajesh has lent her voice to AltaSea’s Project Blue, which gives students the platform to support Los Angeles as the center of Blue Economy and ocean conservation education.
Award-winning opera director Peter Sellars will premiere a section of his latest opera – a production of prolific composer Wolfgang Amadeus Mozart’s Idomeneo. This critically acclaimed production of Mozart’s opera opened the 2019 Salzburg Festival in Austria. The Los Angeles Times praised Sellars’ “new progressive approach to opera as an agent for societal transformation and environmental activism that goes far beyond the usual directorial updating of opera beloved in Europe, too often for little more than show-business pizzazz.”1
Sellars has gained international fame for his groundbreaking and transformative interpretations of artistic masterpieces, along with his unique collaborations on projects with a wide range of creative artists. Sellars is actively involved with growing the next generation of artists in his role as professor at UCLA’s Department of World Arts and Cultures/Dance.
“Idomeneo gives us a chance to examine ourselves and our relationship with the ocean,” said Sellars. “The United States premiere of Idomeneo, one of Mozart’s most brilliant works and one of my favorite projects, is going to be a really, really special moment.”
The night will conclude with a special, one-night only commissioned art installation by artists Mason Rothschild and Annie Sperling, in collaboration with world-renowned artist, Refik Anadol. The installation will be projected over the USS Iowa.
Mason Rothschild is a multi-sensory installation artist, stage designer and inventor. The founder and creative director of Discordian Design, Rothschild has worked with many global brands, including Netflix, Buzzfeed, and TikTok.
Annie Sperling is an artist and set designer, whose extensive portfolio includes music videos, commercial projects, and commissioned murals for the Los Angeles Unified School District. Sperling has served as production designer for many projects, working with global music stars Billie Eilish and Miley Cyrus, and world-renowned artists David LaChapelle and Ellen Von Unworth.
Refik Anadol is an award-winning Turkish media artist and director. His work is known for its unique marriage of architecture and media arts through machine intelligence. Anadol currently is a lecturer and visiting researcher at UCLA’s Department of Design Media Arts.
“Los Angeles is well known for two things – entertainment and the beautiful Pacific Ocean,” said McOsker. “And this experience is what AltaSea is all about: becoming a global beacon for economic recovery and growth by blending the Blue Economy with the creative economy.”
Among the breathtaking visuals to be shown on a 50-foot inflatable screen are:
About AltaSea at the Port of Los Angeles
AltaSea at the Port of Los Angeles is dedicated to accelerating scientific collaboration, advancing an emerging blue economy through business innovation and job creation, and inspiring the next generation, all for a more sustainable, just, and equitable world.
For more information on AltaSea, please see our website: https://altasea.org.
Kevin Byrum
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310-414-9040 x114
Approaching 1GW of flexible supply Supporting the U.K.’s Energy Transition towards Net Zero
LONDON--(BUSINESS WIRE)--Quinbrook Infrastructure Partners (‘Quinbrook’), a specialist investor in lower carbon and renewable energy infrastructure, today announced further progress just two years into its ongoing investment campaign aimed at helping drive the United Kingdom’s energy transition toward net zero emissions of greenhouse gases by investing in infrastructure supporting energy security, ongoing economic recovery and job creation following COVID-19.
Over the past 24 months, Quinbrook has developed, constructed and agreed to acquire the following assets spanning flexible generation, grid support infrastructure and demand response capability:
Quinbrook plans to commit significant capital to the U.K. energy sector over the coming years, using its experience from prior investments in the U.S. and Australia spanning utility and distributed scale solar and battery storage, Virtual Power Plants and Community Energy Networks to develop and construct innovative and impactful infrastructure designed to aid the U.K. economic recovery.
Quinbrook’s UK investments to date are consistent with the U.K. Government’s policies to create a smarter, more resilient and flexible power system in the U.K. that enables the Net Zero transition to progress and achieve the significant carbon emissions reductions required from the energy sector. Last year, the U.K. government became the first major economy in the world to pass laws aimed at ending its contribution to global warming by 2050. This target requires the U.K. to bring all greenhouse gas emissions to Net Zero by 2050, compared with the previous target of at least 80% reduction from 1990 levels.
This commitment is projected to increase the country’s number of “green collar jobs” to approximately 2 million and boost the value of exports from the low carbon economy to £170 billion a year by 2030.
“The U.K. is undergoing a real and fundamental transformation of its energy system and we want to be at the forefront of where the U.K. industry is heading, not where it’s been,” said Rory Quinlan, co-founder and managing partner of Quinbrook. “By supporting the U.K. grid in managing the challenges presented by massive scale-up in intermittent wind and solar, we can deliver high-impact investments that enable even more renewables capacity to be built and carbon emissions abated. This is the only way the U.K.’s success to-date in decarbonizing its power sector can continue at the rapid pace needed.”
“These are sustainable investments in the purest sense, creating and preserving jobs in local communities across the U.K., reducing carbon emissions, helping the U.K. grid manage more zero emissions renewables without risk of blackouts and stimulating U.K. manufacturing. We are creating real and measurable ESG impact with the deployment of our investors’ capital and measurably supporting key United Nations Sustainable Development Goals, across climate action, creating sustainable cities and communities, affordable clean energy, innovative infrastructure, job creation and economic growth,” said Quinlan.
About Quinbrook
Quinbrook Infrastructure Partners (www.quinbrook.com) is a specialist investment manager focused exclusively on lower carbon and renewable energy infrastructure investment and operational asset management in the U.S., U.K. and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested over U.S.$8 billion of equity in energy infrastructure assets since the early 1990's, representing a total enterprise value of U.S.$28.7 billion or 19.5 GW of power supply capacity. Quinbrook's investment and asset management team has offices in Houston, London, Jersey, and the Gold Coast of Australia. Quinbrook's global investment and portfolio company teams are actively developing and constructing a portfolio exceeding 6GW of onshore wind, solar PV, reserve peaking power, battery storage projects, grid support infrastructure, Virtual Power Plants and Community Energy Networks across the U.S., U.K. and Australia.
Media
Amanda Coyle
Sloane & Company
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
P: 212-446-1867
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