HOUSTON--(BUSINESS WIRE)--SURGE ENGINEERING, a recognized leader in process controls and automation, announced the launch of a new website. As part of their scaling effort and new growth plan, SURGE is also pleased to announce that it is a founding member of the ISA Global CyberSecurity Alliance. SURGE provides solutions to the most demanding challenges within multiple industries including Oil & Gas, Power, Wastewater, and Government sectors.

With 20 years of experience, SURGE’s reputation is built on solving the difficult problems while delivering the highest level of system performance. “I’ve been involved in nearly every facet of the electrical instrumentation and automation industry,” Founder and CEO Charlie Souza commented. “I’ve worked client-side, service-side, served on the board of ISA and trained hundreds of engineers. I founded SURGE to scale the trust and experience I built over the years to deliver broader, full turn-key capabilities.”

Part off these turn-key capabilities will now include a stronger focus on cybersecurity. By becoming a founding member of ISA, SURGE is part of the UN-endorsed ISA/IEC 62443 cybersecurity standards and collaborates to advance cybersecurity awareness, education, readiness, and knowledge sharing. These key focuses are part of the industrial and SCADA cybersecurity expertise SURGE utilizes to ensure that millions of square feet of industrial complexes run safely and smoothly.

SURGE’s expertise doesn’t stop with process controls and automation or cybersecurity. They also provide solutions for instrumentation and electrical along with safety instrumented systems. “SURGE is an engineering firm whose premium services are best fit for more challenging IC&E, automation projects, and 3^rd party QA/QC; however, our door is always open to past and future colleagues!” Souza noted.

Please visit https://surge.engineering/ to explore the new website and learn more about services offered.

Related Links

https://surge.engineering/
https://surge.engineering/#industries
https://isaautomation.isa.org/cybersecurity-alliance/

SURGE ENGINEERING
Charlie Souza
(713) 400-1294
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Joins at pivotal moment to contribute to accelerating company’s growth

TEMPE, Ariz.--(BUSINESS WIRE)--ASRC Industrial (AIS), a premier provider of industrial and environmental services throughout the United States, is pleased to announce the addition of Dr. Scott Harris as president of its Environmental Quality Management operating company. EQM is a leading emergency response, environmental remediation, clean construction and professional services company based in Cincinnati with operations nationwide. In his role, Harris will have oversight of EQM, as well as EQM Services, an SBA certified 8(a) company, and report to Robert Pelham, president of AIS’s Cleaning, Demolition and Remediation operating group.

“I am happy to welcome Dr. Scott Harris to our team at this critical time in the pursuit of our enterprise purpose,” said Brent Renfrew, president and chief executive officer, ASRC Industrial. “Scott’s combination of leadership abilities, and standing as a recognized national expert in Type 1 incident preparedness and response management, will position EQM to enhance its service offerings to existing, as well as prospective customers, thereby providing increased opportunities for the talented EQM team.”

Prior to joining AIS, Harris served as an associate director at Environmental Services at GDS Associates in Austin, Texas. Throughout his 30-year career, he has served in a variety of senior leadership positions, including key roles at EHS Services at Alamo1 and EHS Advisory Services at UL Workplace Health and Safety. He also is currently a professor of Environmental Science at the University of Texas at San Antonio.

“I am excited to join the leadership team at EQM and to be part of the ASRC Industrial family,” Harris said. “I look forward to working with the team to help accelerate growth and support the company’s vision of building an enduring, employee-centric, customer-focused industrial services provider.”

Harris earned his Bachelor of Science and Master of Science from Western Kentucky University and his Ph.D. from Oklahoma State University.

About ASRC Industrial

Headquartered in Tempe, Arizona, ASRC Industrial is a wholly-owned operating company of Arctic Slope Regional Corporation (ASRC). AIS is organized within three capabilities-based operating groups: Maintenance, Mechanical and Specialty Services; Cleaning, Demolition and Remediation Services; and Engineering, Inspection and Professional Services. AIS has approximately 4,500 employees and operations throughout the United States. Operating companies include Arctic Pipe Inspection, Arctic Testing and Inspection, Brad Cole Construction, D. Zelinsky & Sons, D2 Industrial Services, DACA Specialty Services, Environmental Quality Management, EQM Services, F.D. Thomas, FDTWI, HRCS Engineering, Hudspeth & Associates, K2 Industrial Services, Mansfield Industrial, Mavo Systems, National Environmental Group, Niles Construction Services, Northwest Demolition & Dismantling, Petrochem, RSI EnTech, RSI Services and US Coatings. As a wholly-owned operating company of ASRC, AIS and its subsidiaries are considered minority business enterprises. Learn more about AIS at www.asrcindustrial.com.

Rebecca Brown, Corporate Communications
ASRC Industrial
(602) 295-1400
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DUBLIN--(BUSINESS WIRE)--The "Biodiesel Market, Size, Share, Outlook and COVID-19 Strategies, Global Forecasts from 2019 to 2026" report has been added to ResearchAndMarkets.com's offering.

As the Biodiesel industry shifts, the report presents the emerging market trends, factors driving the Biodiesel market growth, and potential opportunities over the forecast period. The trends underpinning the profitability of Biodiesel companies are shifting rapidly, forcing companies to carefully align their strengths in synchronization with Biodiesel industry trends.

To avoid getting left behind in an intensive competitive Biodiesel market, global companies need a new approach to ensure they create value in this environment. Amid increasing activities of M&A and growing activist-investor activity, Biodiesel companies must strengthen their capabilities to maintain their market shares in the Biodiesel industry.

To assist Biodiesel manufacturers and vendors to formulate their strategies and analyze their business in the global front, the publisher has published its 2020 series of Biodiesel market size, share, opportunities, and outlook to 2026. The report explores changing Biodiesel market landscape, capital markets, strategies, mergers & acquisitions in the global and country-level markets.

The report presents an introduction to the Biodiesel market in 2020, analyzing the COVID-19 impact both quantitatively and qualitatively. It presents the strategies being adopted by leading Biodiesel companies, emerging market trends, Biodiesel market drivers, challenges, and potential opportunities to 2026. The market attractiveness index is also included to assess the impact of suppliers, buyers, competitive landscape, new entrants, and substitutes on the Biodiesel market.

The global Biodiesel market size is forecast across different scenarios including the actual forecasts and COVID-19 affected forecasts from 2019 to 2026. Further, Biodiesel market revenue and market shares in global industry are forecast across different types of Biodiesel, applications, and end-user segments of Biodiesel and across 18 countries.

Companies Mentioned

• Western Dubuque Biodiesel
• Delta American Fuel
• Imperium Renewables
• DuPont
• Deerfield Energy
• Crimson Renewable Energy
• China Biodiesel International Holding
• Diversified Energy Corporation
• XL Renewables
• Blue Marble Energy Corp.

Report Guide

• COVID-19 Impact is specifically included in the research
• This report is in its 12th version since first publication in September 2010
• It comprises of over 90 tables and charts
• The report spans across 150 pages
• Data and analysis is sourced from own proprietary databases

General Scope

• Analysis across different types and applications is covered
• Five regions including Asia Pacific, Europe, Middle East, Africa, North America and South and Central Americas are included
• 18 countries are included in the analytical research
• Five Company Profiles analyzing their Business, Revenues, and Operations is presented

Key Topics Covered:

1 Table of Contents

2 Executive Summary

2.1 Market Panorama, 2020

2.2 Biodiesel Outlook to 2026 - Original Forecasts

2.3 Biodiesel Outlook to 2026 - COVID-19 Affected Forecasts

3 Strategic Analytics to Boost Productivity and Profitability

3.1 Potential Market Drivers and Opportunities

3.2 New Challenges and Strategies being adopted by Companies

3.3 Short Term and Long Term Biodiesel market trends

3.4 Impact of New Entrants, Competitive Landscape, Substitutes, Buyer and Supplier Powers

4 Global Biodiesel Market Outlook across Types to 2026

4.1 Asia Pacific Biodiesel Market Outlook across Types, 2019 - 2026

4.2 Europe Biodiesel Market Outlook across Types, 2019 - 2026

4.3 North America Biodiesel Market Outlook across Types, 2019 - 2026

4.4 South and Central America Biodiesel Market Outlook across Types, 2019 - 2026

4.5 Middle East Africa Biodiesel Market Outlook across Types, 2019 - 2026

5 Global Biodiesel Market Outlook across Applications to 2026

5.1 Asia Pacific Biodiesel Market Outlook across Applications, 2019 - 2026

5.2 Europe Biodiesel Market Outlook across Applications, 2019 - 2026

5.3 North America Biodiesel Market Outlook across Applications, 2019 - 2026

5.4 South and Central America Biodiesel Market Outlook across Applications, 2019 - 2026

5.5 Middle East Africa Biodiesel Market Outlook across Applications, 2019 - 2026

6 Country - wise Biodiesel Market Analysis and Outlook to 2026

7 Global Biodiesel Market Competitive Analysis

7.1 Top 10 Leading Companies in the global Biodiesel industry

7.1.1 Business Overview

7.1.2 Biodiesel Products and Services

7.1.3 SWOT Analysis

7.1.4 Financial Profile

8 Global Biodiesel Market - Recent Developments

8.1 Biodiesel Market News and Developments

8.2 Biodiesel Market Deals Landscape

9 Appendix

9.1 Publisher Expertise

9.2 Research Methodology

9.3 Sources and Proprietary Databases

9.4 Abbreviations

9.5 Contact Information

For more information about this report visit https://www.researchandmarkets.com/r/7asdme

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that its joint venture with Daewoo Engineering & Construction and Hyundai Heavy Industries, FDH JV, has successfully started up two boilers and they began generating steam in the new Al-Zour Refinery at the Kuwait Integrated Petrochemicals Industrial Company’s (KIPIC) Package 2 and 3 Project in Kuwait.

Fluor is leading a joint venture that is working to deliver two engineering, procurement, fabrication and construction packages for key process support units, utilities and infrastructure for the highly complex, mega-sized Al-Zour Refinery project in Kuwait. Upon completion, the grassroots complex is expected to be one of the largest refineries in the world and process 615,000 barrels of oil per day.

“This significant milestone marks the completion of several critical utility systems to start up and advance the refinery into commercial operations with our ongoing support,” said Mark Fields, president of Fluor’s global Energy & Chemicals business. “Timely delivery of the new Al-Zour Refinery is critical to the Kuwait economy. Our team worked closely with KIPIC to continue with about 15,000 workers on site to maintain progress throughout the COVID-19 pandemic. This accomplishment was made possible through the joint venture team’s well-conceived health and safety strategy that was implemented with rigorous discipline.”

“Working together with the Fluor-led joint venture to achieve this important milestone for the ZOR Program is a true success – not only for KIPIC, but for the State of Kuwait – and will help bring energy self-sufficiency and further prosperity for all of us,” said Khaled Al-Awadhi, deputy CEO of KIPIC.

Leading up to this achievement, various enabling facilities were successfully completed and handed over including the central control room building and other associated buildings, fire water systems, communication systems and other refinery infrastructure. COOEC Fluor Heavy Industries Co., Ltd. – Fluor’s joint venture fabrication yard in Zhuhai, China – also delivered 188 modules with a combined weight of 65,000 metric tons to support the project’s large-scale, onshore modular execution strategy.

The Fluor joint venture has executed more than 154 million work hours on site, and at peak, employed more than 20,000 craft workers backed by joint venture team members spread across three continents.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company with projects and offices on six continents. Fluor’s 47,000 employees build a better world by designing, constructing and maintaining safe, well-executed, capital-efficient projects. Fluor is ranked 181 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has served its clients for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

#ec

Brian Mershon
Media Relations
469.398.7621

Jason Landkamer
Investor Relations
469.398.7222

Demand fell back during last full week of August resulting in volumes for the month down 18% compared to last year.

GAITHERSBURG, Md.--(BUSINESS WIRE)--The recovery in U.S. gasoline consumption has plateaued as the summer driving season comes to an end and the school year begins for wide swaths of the country.

Latest data by OPIS, an IHS Markit (NYSE: INFO) company shows that demand actually fell 1.9% during the last full week of August from the previous week. The four-week rolling average for the period ending August 29th now shows demand resting at 18.2% below prior year levels.

U.S. gasoline sales had improved rapidly from May to early July following the collapse in early April that came with the national shutdown, when sales were 50% below prior year levels. But the recovery had begun to sputter even before demand slipped backwards in that final week of August.

“The plateauing in demand is a symptom of the continuing aggressiveness of the coronavirus and is telling us that it will take longer to get back to normal,” said Daniel Yergin, vice chairman, IHS Markit and author of The New Map.

The most recent OPIS survey now suggests that the post-COVID peak for U.S. volumes occurred during the week ending August 15th at 7.844 million barrels per day—15.4% below prior year levels.

The coming months typically bring a seasonal reduction in demand from the high points of the summer driving season. For the years 2017-2019 the average drop in U.S. gasoline demand from August to October has been on the order of 5 to 10%.

“Aside from the potential for a short-lived bump in demand from the Labor Day weekend, history suggests that the end of the U.S. driving season inevitably brings lower demand for gasoline thanks to shorter days, less vacations and more inclement weather,” said Fred Rozell, president of OPIS. “Now that those prime driving days are behind us, we are likely to settle into a prolonged pause in the demand recovery.”

OPIS DemandPro tracks actual weekly same-store gasoline consumption volumes at over 15,000 stations, aggregated on a national, regional and state level. This allows users to track and benchmark industry trends for overall retail gasoline sales.

The OPIS survey—tracking actual gallons out of retail stations—shows greater demand losses than recent figures reported by the Energy Information Administration (EIA) on account of different methodology, that EIA measures movement of gasoline from primary stocks rather than actual consumption at stations.

The latest OPIS report for the week of August 29th shows demand losses in every portion of the country over the prior year period.

• The Mid-Continent region posted the most moderate decline, down 17.44%

• The Southeast registered the sharpest declines, down 27.1%, but that was due to big volumes last year due to pre-hurricane buying. Florida showed an even larger year-on-year differential of 35% for the same reason.

• The Pacific Coast was off 24.4%. Year-on-year through-puts in the region never got better than 20% off from 2019 levels.

• The Northeast had seen its year-on-year consumption differential whittle down to within 16% of 2019 levels, but the past two weeks were weaker, and the gap widened back to 20% this past week.

“The data points to a challenging environment for refiners and marketers in the remainder of 2020,” Rozell said. “Cheap gas prices relative to the past 16 years will help curb some of the demand destruction, but retailers will have to adjust to shifting habits as consumers likely make fewer visits to traditional stations for fill-ups in favor of more ‘aggregated trips’ to supermarkets and big boxes chains that also sell fuel.”

OPIS DemandPro updates gasoline retail sales every week.

For further information about the OPIS Demand Report and OPIS DemandPro, rack and retail prices, contact Brian Norris, executive director, OPIS at This email address is being protected from spambots. You need JavaScript enabled to view it..

About OPIS (www.opisnet.com)

Oil Price Information Service (OPIS) by IHS Markit (NYSE: INFO) provides accurate pricing, real-time information and expert analysis across the global fuel supply chain, including the Spot.

About IHS Markit (www.ihsmarkit.com)

IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.

IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2020 IHS Markit Ltd. All rights reserved.

News Media Contact:
Jeff Marn
IHS Markit
+1 202 463 8213
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Press Team
+1 303 858 6417
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Ameresco to install smart meters across Montgomery County, Texas, to optimize water distribution system and help homeowners conserve

FRAMINGHAM, Mass. & THE WOODLANDS, Texas--(BUSINESS WIRE)--#ami--Ameresco, Inc., (NYSE: AMRC), a leading energy efficiency and renewable energy company, today announced that it has been selected by Woodlands Water to install automatic metering infrastructure (AMI) across its service area in Montgomery County, Texas. The AMI project will optimize the operations of Woodlands Water by creating a more efficient and effective water distribution system, while enhancing transparency for customers into water consumption and their monthly bills.

Following a competitive solicitation beginning in July 2019, Woodlands Water selected Ameresco to provide a “turnkey” solution to identify, design, install and monitor a comprehensive water efficiency program. Over the next 18 months, Ameresco will install more than 34,000 smart water meters across the Woodlands service area, which will seamlessly integrate water consumption data into customers’ existing WaterSmart portals.

“Among the many benefits of this project is an unprecedented level of transparency that our customers will have into their water consumption, including the ability to view and track usage from any computer or mobile device,” said James M. Stinson, PE, general manager for Woodlands Water. “Ameresco’s expertise in the area of smart city solutions and advanced metering technologies made them our ideal partner for this project.”

By providing more frequent and detailed information about water usage across its service area, Woodlands Water will be better equipped to detect and stop leaks before they can become a greater problem. This information also allows for enhanced customer engagement and service.

“Automatic metering infrastructure helps communities take better control of how they use and conserve water,” said Bob Georgeoff, vice president of Ameresco. “By replacing and upgrading existing infrastructure now, Woodlands Water will avoid the need for future improvements and help its customers cut down on unnecessary and costly overuse of water at home.”

To learn more about Ameresco’s services in water management and efficiency, visit www.ameresco.com/water-efficiency/.

About Woodlands Water

Woodlands Water is the central management agency for ten Municipal Utility Districts (MUDs) that currently serve The Woodlands in Montgomery County, Texas. Woodlands Water provides water distribution, wastewater collection, storm drainage and tax collection services. The principal objective of Woodlands Water is to provide the MUDs it serves with professional, reliable and quality services consistent with fiscal responsibility. Woodlands Water is committed to improving the efficiency and effectiveness of utility infrastructure and enhancing communication with its customers. To learn more about Woodlands Water, visit https://woodlandswater.org/.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.

The announcement of a customer’s entry into a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total construction backlog. This project was reported in contracted backlog as of June 30, 2020.

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

Ameresco Federal Solutions team continues work on behalf of U.S. Armed Forces with utility energy savings contract at Marine Corps Air Station Cherry Point

FRAMINGHAM, Mass. & HAVELOCK, N.C.--(BUSINESS WIRE)--#cybersecurity--Ameresco, Inc., (NYSE:AMRC), a leading energy efficiency and renewable energy company, today announced that Naval Facilities Command Mid-Atlantic (NAVFAC MIDLANT) has awarded to Duke Energy and Ameresco’s Federal Solutions group a $41 million utility energy savings contract (UESC) at the United States Marine Corps Air Station (MCAS) Cherry Point. Under a $38 million contract with Duke, Ameresco will make key improvements to enhance energy efficiency, resiliency, reliability, and cybersecurity at MCAS Cherry Point, while reducing the site’s energy consumption and costs.

MCAS Cherry Point is the largest airfield operated by the U.S. Marine Corps spanning more than 13,000 acres in Havelock, North Carolina. There are approximately 10,000 Marines, Sailors and students stationed at the base, which is also the only air station in operation 24 hours a day, 7 days a week, year-round.

The UESC scope provided by MCAS Cherry Point includes 3.29 million square feet of buildings, across which Ameresco will replace building lighting systems, modernize HVAC systems, and upgrade energy management, control systems and cybersecurity across 139 buildings. The contract also features the modernization of site electrical distribution systems and water conservation upgrades, including a reclaimed water system at the base’s wastewater treatment plant.

“Having been in continuous operation for more than 75 years, the utility and building systems at MCAS Cherry Point are at varying degrees of serviceability,” said Nicole Bulgarino, EVP and General Manager of Federal Solutions at Ameresco. “Ameresco appreciates the collaboration that Duke fostered during project development with the Navy and Marine Corps, which has made it possible for us now to deliver much-needed modernization at MCAS Cherry Point.”

In addition to the various resilience measures implemented Ameresco will provide ongoing persistent commissioning of the systems during the 20-year term of the UESC. This will ensure ongoing functionality and performance of the improvements.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.

The announcement of a customer’s entry into a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. This project was included in our previously reported awarded backlog as of June 30, 2020.

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

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announced financial results for its second quarter ended July 31, 2020. For additional information, please read the Company’s Quarterly Report on Form 10-Q, which the Company intends to file today with the U.S. Securities and Exchange Commission (the “SEC”). The Quarterly Report can be retrieved from the SEC’s website at www.sec.gov or from the Company’s website at www.arganinc.com.

Summary Information (dollars in thousands, except per share data)

Consolidated revenues for the quarter ended July 31, 2020 were $87.5 million, which represented an increase of $24.4 million, or 39%, from consolidated revenues of $63.1 million reported for the three months ended July 31, 2019. The increase was primarily due to increasing revenues at Gemma Power Systems (“GPS”) associated with the construction of the Guernsey Power Station, partially offset by the Company’s businesses being adversely impacted, to a declining degree, by continuing difficulties presented by the COVID-19 outbreak.

Atlantic Projects Company (“APC”), entered into a second amendment to its loss subcontract, effective June 1, 2020 (the “TeesREP Project”). The second amendment, which includes various terms and conditions, represents a global settlement of past commercial differences with both parties making significant concessions, and converts the invoicing to time-and-materials for the remaining work. For the three months ended July 31, 2020, consolidated gross profit was positively impacted by a net $2.3 million favorable adjustment related to the TeesREP Project. Overall, consolidated gross profit for the three months ended July 31, 2020 was $15.6 million, or 17.9% of the corresponding consolidated revenues.

With results reflecting primarily the factors identified above, the consolidated net income attributable to Argan’s stockholders was $5.6 million, or $0.36 per diluted share, for the three months ended July 31, 2020. The Company paid its regular quarterly cash dividend of $0.25 per share and a special dividend of $1.00 per share to its shareholders on July 31, 2020.

As of July 31, 2020, cash, cash equivalents and short-term investments totaled $408 million and net liquidity was $270 million; plus the Company had no debt. The Company’s consolidated amount of RUPO, which represents an accounting value for active work that is a subset of project backlog, was approximately $0.7 billion as of July 31, 2020.

The aggregate amount of the rated power represented by the natural gas-fired power plants for which GPS has signed EPC contracts, including certain plants that will have the ability to use green hydrogen as a fuel, is approximately 7.3 gigawatts with an aggregate contract value in excess of $3.0 billion. For those contracts not already included in project backlog, the Company anticipates adding them closer to their respective expected start dates when the projects complete key development milestones and obtain financing commitments. For all projects, the start date for construction is primarily controlled by the project owners.

Management Comment

Commenting on Argan’s results, Rainer Bosselmann, Chairman and Chief Executive Officer, stated, “We are pleased with the continued strong performance of our employees during this COVID-19 pandemic which has been difficult for all of us. Our talented employees’ ability to adapt and adjust to the situation is clearly demonstrated in our improved financial performance, especially the increasing activities at Guernsey executed by our GPS team. The TeesREP Project has been a long and costly project for us, but we are pleased to have resolved our differences with the customer and look forward to completing the project this year, which is over 90% complete. We have over $3.0 billion in signed EPC contracts for power plant projects, and while many factors are out of our control, we are optimistic that we will receive the construction go ahead on several of these new projects over the next three to nine months. In recognition of our significant liquidity, improving revenues, sustained profitability and a substantial pipeline of future project work, the Board of Directors declared a special dividend of $1.00 during the quarter and authorized the establishment of a $25.0 million share repurchase program. We appreciate our loyal shareholders and extend our sincere wishes for safety during these challenging times.”

About Argan, Inc.

Argan’s primary business is providing a full range of services to the power industry, including the renewable energy sector. Argan’s service offerings focus on the engineering, procurement and construction of natural gas-fired power plants, along with related commissioning, operations management, maintenance, project development and consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns The Roberts Company, which is a fully integrated fabrication, construction and industrial plant services company, and SMC Infrastructure Solutions, which provides telecommunications infrastructure services.

Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws and the Company’s future financial performance is subject to risks and uncertainties including but not limited to its ability to mitigate losses related to APC’s loss subcontract, the successful addition of new contracts to project backlog, the receipt of corresponding notices to proceed with contract activities, the Company’s ability to successfully complete the projects that it obtains, and the Company’s success in minimizing the adverse impacts of the COVID-19 pandemic on the Company’s businesses. The Company has several signed EPC contracts that have not started and may not start as forecasted due to market and other circumstances beyond its control. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to the number of factors described from time to time in the Company’s SEC filings. In addition, reference is hereby made to the cautionary statements made by the Company with respect to risk factors set forth in its most recent reports on Form 10-K, Forms 10-Q and other SEC filings.

Company Contact:
Rainer Bosselmann
301.315.0027

Investor Relations Contact:
David Watson
301.315.0027

DUBLIN--(BUSINESS WIRE)--The "Coal Bed Methane Market Size, Share & Trends Analysis Report by Application (Industrial, Residential, Commercial, Power Generation, Transportation), by Region, and Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.

The global coal bed methane market size is projected to reach USD 25.2 billion by 2027 expanding at a CAGR of 5.9%

The market is driven by decrease in methane emission related with coal mining and conventional fuels and generation of indirect and direct employment in the mining of coal bed methane (CBM).

Unconventional CBM reserves, especially found in coal rice countries, are gradually gaining the attention as the market struggles for an independent energy source. Exploration, production, and commercialization of such unconventional sources of energy are realized as a tough decision taken by the energy agencies or authorities, to alleviate the energy demand & supply gap in upcoming years.

CBM is a pure form of natural gas wherein manufacturers and customers have the chance to acquire tax incentives and carbon credits. The stringent framework designed for the extraction of CBM by various authorities coupled high investment process is likely to be a key challenge for market participants over the estimated period.

The industrial segment accounted for more than 28% share of the total market in 2019, in terms of revenue. It is projected to be the second-fastest-growing segment from 2020 to 2027. However, applications of CBM in the power generation sector is projected to account for the highest market share as well as the growth rate over the forecast period.

Asia Pacific led the global market in 2019 and accounted for over 45% of the total revenue share. The region is estimated to maintain its dominant position registering the fastest CAGR from 2020 to 2027 due to substantial unexplored reserves. China, in particular, is expected to account for the maximum share in the Asia Pacific regional market.

Coal Bed Methane Market Report Highlights

• The power generation segment led the overall market in 2019 and accounted for the largest share of 40%
• Asia Pacific is projected to be the largest as well as the fastest-growing regional market over the forecast period
• China is expected to account for the maximum share by 2027 in the Asia Pacific regional market
• North America is likely to have moderate growth during the projected period
• The U.S. was the leading country in the North America market in 2019 and is likely to retain its leading position from 2020 to 2027

Key Topics Covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Market Definitions

Chapter 4. Coal Bed Methane Market Variables, Trends & Scope

4.1. Market Size and Growth Prospects

4.2. Industry Value Chain Analysis

4.3. Market Dynamics

4.3.1. Market Driver Analysis

4.3.2. Market Restraint Analysis

4.3.3. Opportunity Assessment

4.4. Penetration & Growth Prospect Mapping

4.5. Regulatory Framework

4.6. Business Environment Analysis Tools

4.6.1. Industry Analysis - Porter's

4.6.2. PESTEL Analysis

4.7. Impact of Corona Virus on Coal Bed Methane Market

Chapter 5. Coal Bed Methane Market Application Outlook

5.1. Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 ( Revenue, USD Billion)

5.2. Residential

5.3. Commercial

5.4. Industrial

5.5. Power Generation

5.6. Transportation

Chapter 6. Coal Bed Methane Regional Outlook

6.1. Coal Bed Methane Market, By Region, 2019 & 2027

Chapter 7. Competitive Landscape

• Essar
• Reliance Industries Limited
• Arrow Energy Pty Ltd.
• PetroChina Company Limited
• Baker Hughes, a GE Company LLC
• Petroliam Nasional Berhad (PETRONAS)
• G3 Exploration
• ConocoPhillips Company
• GEECL
• Halliburton
• bp p.l.c.
• Gazprom
• Pioneer Natural Resources Company

For more information about this report visit https://www.researchandmarkets.com/r/n888kc

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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AKRON, Ohio--(BUSINESS WIRE)--Pin Oak Midstream LLC (“Pin Oak Midstream” or the “Company”), a wholly owned subsidiary of Pin Oak Energy Partners LLC, announces the closing of a transaction with Laurel Mountain Midstream LLC ("LMM”), a joint venture between Williams Laurel Mountain, LLC and Chevron Northeast Upstream LLC, to acquire LMM’s Jackson Center assets (“Jackson Center”). Jackson Center includes over 1,050 miles of natural gas gathering pipelines and five (5) gathering compressor stations with a gathering capacity of over 50 MMcf/d and multiple interstate pipeline interconnects (both National Fuel Gas and Tennessee Gas Pipeline) with total interconnect capacities of almost 100 MMcf/d. The transaction adds to Pin Oak Midstream’s growing asset base within the Appalachian Basin.

Brent Breon, President of Pin Oak Midstream LLC and Chief Commercial Officer of Pin Oak Energy Partners LLC, stated, “These assets in Mercer, Lawrence, and Crawford counties of Pennsylvania are a great fit to our expanding footprint and further bolster the Company’s midstream assets in the oil and wet gas windows of the Utica play in northwestern Pennsylvania. The Jackson Center assets currently gather conventional and unconventional gas from third party operators in the area and will allow Pin Oak Energy to connect and produce Utica wells currently waiting on pipelines. Additionally, Pin Oak remains committed to our ongoing efforts of executing our growth strategy through acquisitions even during these difficult times.”

Pin Oak Midstream’s Appalachian Basin position consists of nearly 1,200 miles of pipeline assets; 13 interstate pipeline interconnections; gathering, processing and transportation dedications on more than 150,000 dedicated net deep acres (Marcellus and Utica) and current flowing volumes more than 15 MMcf/d.

About Pin Oak Midstream

Pin Oak Midstream is an Appalachian Basin midstream company and a wholly owned subsidiary of Pin Oak Energy Partners LLC. The Company is engaged in the gathering, processing, and transportation of hydrocarbons within its geographical area of focus.

About Pin Oak Energy

Pin Oak Energy Partners LLC and its subsidiaries are Appalachian Basin energy companies engaged in the exploration and production of conventional and unconventional oil and natural gas assets, along with the operation and ownership of midstream pipeline systems. The Company currently operates wells producing 24 MMcfe/d gross and nearly 12.0 MMcfe/d net (16% liquids), nearly 1,200 miles of midstream assets, and maintains 217,000 net acres (207,000 net deep acres) in the basin. Visit Pin Oak Energy at www.pinoakep.com.

Mark H. Van Tyne
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1-888-748-0763 Ext. 701

With 400 MWdc and 540 MWh of storage, the Rexford 1 Solar & Storage Center will provide clean, reliable power to 370,000 Californians

LOS ANGELES--(BUSINESS WIRE)--8minute Solar Energy (8minute) announced that the company has executed a 15-year power purchase agreement (PPA) with Clean Power Alliance (CPA). The 400-megawatt (300 MWac) Rexford 1 Solar & Storage Center in Tulare County includes 180 MW/540 megawatt-hours (MWh) of energy storage, which means it will reliably deliver renewable energy to the grid day or night or on cloudy days. When it becomes operational in 2023, Rexford will provide enough energy for over 370,000 Californians, making it not only the largest solar-plus-storage project for CPA, but also the largest for any community choice aggregator (CCA) to date. The plant will offset about 600,000 tonnes of CO₂ annually, or the equivalent of planting 12,000 trees every single day, for ten years in a row.

“The recent blackouts and continued wildfires in California offer sobering proof of the urgent need for more renewable and reliable energy generation that both fortifies our grid and fights climate change – and large-scale solar paired with energy storage is the most efficient, lowest-cost way to achieve just that,” said Dr. Tom Buttgenbach, Founder and CEO of 8minute. “We are proud to partner with Clean Power Alliance, the largest clean choice energy provider in California. Our new generation of solar-plus-storage power plants are the future of energy – replacing an aging fleet of fossil fuel power plants with more economical and cleaner solutions and creating good jobs when they are needed most. This partnership is yet another example of California taking the lead on next-generation technology, and we expect to build a lot more solar and energy storage centers across the United States.”

The Rexford 1 Solar & Storage Center will be constructed on private, low-productivity disturbed farmland in Tulare County, and is an example of the economic value that solar projects can provide to private landowners. Construction, which will begin in early 2022, will create over 400 well-paying union construction jobs, and approximately one thousand indirect jobs, in addition to contributing more than $200 million to the local economy over the life of the project. The investment, construction and operational inflows to Tulare County represent a huge economic boost for decades to come.

“Solar-plus-storage is not only the cleanest way to increase grid reliability, it’s also the smartest and most cost-effective,” said Ted Bardacke, Executive Director of Clean Power Alliance. “We are excited to partner on a project of this scale with 8minute, a trusted Los Angeles-based developer that shares our commitment to accelerating the clean energy transition in California.”

Rexford 1 marks 8minute’s second project with CCAs, and underscores 8minute’s continued success on record-breaking solar-plus-storage projects that are helping ensure reliability and advance California’s ambitious clean energy goals. 8minute has contracted 4.5 GW of solar projects, with over 18GW of solar energy capacity and 24 GWh of storage under development across California, Texas, and the Southwestern United States.

ABOUT 8MINUTE SOLAR ENERGY

As a nationwide leader in solar-plus-storage, 8minute Solar Energy (8minute) is championing the clean energy transition in the United States and shaping the future of energy. Since its founding in 2009, 8minute has successfully put 2 GW of solar projects into operation and currently has over 18 GW of solar and storage projects under development. By focusing on technology and engineering innovation, 8minute’s best-in-class team has continued to set new industry records, developing the largest solar plant in the nation starting in 2012, delivering the first operational solar plant in the U.S. to beat fossil fuel prices in 2016, and setting the record for the lowest cost solar and solar-plus-storage projects in 2019. As the largest solar developer in the country with an established track record of delivering above-market profitability, 8minute is pioneering a new generation of large-scale, fully dispatchable solar power. For more information, please visit www.8minute.com, and follow 8minute on Twitter and LinkedIn.

ABOUT CLEAN POWER ALLIANCE

Clean Power Alliance believes in a clean energy future that is local, where communities are empowered, and customers are given a choice about the source of their energy. Clean Power Alliance serves approximately one million customer accounts and has more customers on 100% renewable energy rate plans than any other electricity company in the country. Visit www.cleanpoweralliance.org for more information.

Katie Struble
Director, Corporate Communications
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SAN ANTONIO--(BUSINESS WIRE)--NuStar Logistics, L.P., a wholly owned operating subsidiary of NuStar Energy L.P. (NYSE: NS) (“NuStar Energy”), today announced that it has priced $600.0 million aggregate principal amount of 5.750% senior notes due October 1, 2025 (the “2025 Notes”) and $600.0 million aggregate principal amount of 6.375% senior notes due October 1, 2030 (the “2030 Notes” and together with the 2025 Notes, the “Notes”). The Notes were priced at par. The settlement date for the offering is expected to be September 14, 2020, subject to customary closing conditions. The Notes will be fully and unconditionally guaranteed by NuStar Energy, as parent guarantor, and NuStar Pipeline Operating Partnership L.P., a wholly owned operating subsidiary of NuStar Energy, as affiliate guarantor. The net proceeds from the offering are expected to be used for the repayment of indebtedness, including (1) all borrowings outstanding under NuStar Logistics, L.P.’s term loan agreement and the related repayment premium and (2) a portion of borrowings outstanding under NuStar Logistics, L.P.’s revolving credit agreement. Amounts repaid under NuStar Logistics, L.P.’s revolving credit agreement may be reborrowed and used for the payment of $300 million aggregate principal amount of NuStar Logistics, L.P.’s 6.75% senior notes due 2021 at their maturity and for general partnership purposes.

Citigroup Global Markets Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Barclays Capital Inc., BBVA Securities Inc., BMO Capital Markets Corp., Mizuho Securities USA LLC, MUFG Securities Americas Inc., PNC Capital Markets LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., TD Securities (USA) LLC, Truist Securities, Inc. and U.S. Bancorp Investments, Inc. are acting as book-running managers for the offering. Comerica Securities, Inc. is acting as co-manager for the offering. A copy of the prospectus supplement and accompanying base prospectus relating to this offering may be obtained from Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (800) 831-9146. You may also obtain these documents for free when they are available by visiting the SEC’s website at www.sec.gov.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

NuStar Energy, a publicly traded master limited partnership based in San Antonio, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar Energy currently has approximately 10,000 miles of pipeline and 75 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. NuStar Energy’s combined system has approximately 75 million barrels of storage capacity, and NuStar Energy has operations in the United States, Canada and Mexico.

Cautionary Statement Regarding Forward-Looking Statements

This press release includes forward-looking statements regarding future events, including the expected closing of the offering and the expected use of proceeds from the offering. All forward-looking statements are based on NuStar Energy’s beliefs as well as assumptions made by and information currently available to NuStar Energy. These statements reflect NuStar Energy’s current views with respect to future events and are subject to various risks, uncertainties and assumptions. These risks, uncertainties and assumptions are discussed in NuStar Energy’s 2019 annual report on Form 10-K and subsequent filings with the SEC. NuStar Energy undertakes no obligation to update or revise any forward-looking statement except as may be required by applicable law.

NuStar Energy L.P., San Antonio
Investors, Pam Schmidt, Vice President, Investor Relations
Investor Relations: 210-918-INVR (4687)
or
Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer,
Corporate Communications: 210-918-2314

HOUSTON--(BUSINESS WIRE)--Morrison, a leading energy service company for the oil, gas and renewables industries, successfully completes the installation of Byron Energy Limited’s South Marsh Island Blocks 58 & 59 oil and gas sales pipelines, which marked more than 5.5 million feet of pipe laid by Morrison in the Gulf of Mexico.

The most recent 60,720 foot pipeline installation campaign consisted of 3 inch, 4 inch, 6 inch and 8 inch pipelines in water depths of approximately 140 feet and included burials, risers and tie-in fabrication and installations, crossing mitigation, and pigging, hydro testing and commissioning of the pipelines.

The Byron pipeline installation presented a unique opportunity for the triple lay of a portion of the overall pipelay on the project. To perform the pipelay installations and bury operations, Morrison utilized its pipeline lay barge, the CM-15. Morrison worked with the export pipeline companies and installed hot tap tie-in on those transmission lines. This was performed utilizing Morrison’s dive asset, DSV Kelly Morrison, while the DSV Joanne Morrison provided both saturation and surface diving support for the riser clamp, pipeline tie-ins and various dive operations.

“We are extremely proud to reach the milestone of ‘more than 5.5 million ft of pipe laid in the Gulf of Mexico’ in 2020, the year in which Morrison celebrates its 20^th anniversary of working in the pipeline business,” stated Morrison CEO Chet Morrison. “We are established pipeline veterans that can accomplish challenging projects even in difficult times, and the completion of this project is evidence of that.”

ABOUT MORRISON

Chet Morrison Contractors, LLC (Morrison) is an energy service company that delivers integrated infrastructure solutions to clients in the oil and gas and renewables industries. With more than 38 years of experience, worldwide facilities and a wide range of specialized resources, the company prides itself on providing creative alternatives and value-added solutions to every project, both onshore and offshore. The company adheres to the highest standards of quality and safety with uncompromising regard for the environment. For more information, visit: www.morrisonenergy.com.

Kelly Reeves
VP Marketing, Morrison
+1 (985) 858-3112
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HAMILTON, Bermuda--(BUSINESS WIRE)--September 9, 2020 -- Triton International Limited (NYSE: TRTN) announced today that it has priced an offering of $595.5 million Fixed Rate Asset-Backed Series 2020-1 Class A Notes at an annual yield of 2.068% and $38.9 million Fixed Rate Asset-Backed Series 2020-1 Class B Notes at an annual yield of 3.318% (collectively, the “Notes”).

The net proceeds from the Notes offering, together with cash on hand, will be used to repay all of the existing asset-backed notes issued by TAL Advantage V LLC and TAL Advantage VI LLC, which have an outstanding principal balance of $611 million and a weighted average coupon of 3.73%. The transaction is expected to close on or about September 21, 2020.

The Notes will be issued by TAL Advantage VII LLC (the “Issuer”), an indirect wholly-owned subsidiary of Triton International Limited. The Notes will be secured by a pool of containers and related assets owned by the Issuer. The Issuer will be the sole obligor on the Notes; the Notes will not be obligations of or guaranteed by Triton International Limited or any of its other subsidiaries.

About the Notes

The Series 2020-1 Class A Notes, which are expected to be rated “A” by Standard & Poor’s, will be issued with a coupon of 2.05% per annum and an annual yield of 2.068%. The Series 2020-1 Class B Notes, which are expected to be rated “BBB” by Standard & Poor’s, will be issued with a coupon of 3.29% per annum and an annual yield of 3.318%. The Series 2020-1 Notes will have a legal final maturity date of September 20, 2045. The transaction documents contain customary affirmative and negative covenants, financial covenants, representations and warranties, and events of default, which are subject to various exceptions and qualifications.

The Notes were offered within the United States only to qualified institutional investors pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), to institutional “accredited investors” as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act and to persons outside the United States in compliance with Regulation S under the Securities Act. The Notes have not been registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful.

About Triton International Limited

Triton International Limited is the world’s largest lessor of intermodal freight containers. Triton operates a container fleet of over six million twenty-foot equivalent units ("TEU"), and its global operations include acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers and chassis.

Important Cautionary Information Regarding Forward-Looking Statements

Certain statements in this release, other than purely historical information, including statements about the offering, the scheduled closing of the offering, the intended use of proceeds of the offering and the expected rating of the Notes, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that include the words "expect," "intend," "plan," "believe," "project," "anticipate," "will," "may," "would" and similar statements of a future or forward-looking nature may be used to identify forward-looking statements. All forward-looking statements address matters that involve risks and uncertainties, many of which are beyond Triton's control. Accordingly, there are important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements.

These factors include, without limitation, those risk factors included in the offering memorandum for the Notes, changes in the financial markets, including changes in credit markets, interest rates and securitization markets generally, economic, business, competitive, market and regulatory conditions and the following: the impact of COVID-19 on our business and financial results; decreases in the demand for leased containers; decreases in market leasing rates for containers; difficulties in re-leasing containers after their initial fixed-term leases; our customers' decisions to buy rather than lease containers; our dependence on a limited number of customers for a substantial portion of our revenues; customer defaults; decreases in the selling prices of used containers; extensive competition in the container leasing industry; difficulties stemming from the international nature of our business; decreases in the demand for international trade; disruption to our operations resulting from the political and economic policies of the United States and other countries, particularly China, including but not limited to the impact of trade wars and tariffs; disruption to our operations from failures of, or attacks on, our information technology systems; disruption to our operations as a result of natural disasters; our compliance or failure to comply with laws and regulations related to economic and trade sanctions, security, anti-terrorism, environmental protection and corruption; our ability to obtain sufficient capital to support our growth; restrictions imposed by the terms of our debt agreements; changes in tax laws in, Bermuda, the United States and other countries and other risks and uncertainties, including those risk factors set forth in the section entitled "Risk Factors" in our Form 10-K filed with the Securities and Exchange Commission ("SEC"), on February 14, 2020, in any Form 10-Q filed or to be filed by Triton, and in other documents we file with the SEC from time to time. Except to the extent required by applicable law, we undertake no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

Andrew Greenberg
Senior Vice President
Business Development & Investor Relations
(914) 697-2900

HOUSTON--(BUSINESS WIRE)--Black Bear Transmission LLC (“Black Bear”) today announced that it has completed the previously announced bolt-on acquisition of a portfolio of Natural Gas Transmission assets (the “NGT Assets”) from a subsidiary of Third Coast Midstream LLC (“Third Coast Midstream”).

Black Bear is a portfolio company of the second Basalt fund (“Basalt”). This transaction marks Black Bear’s second bolt-on acquisition, having acquired the Ozark system from Enbridge in April 2020.

The NGT Assets include six intrastate natural gas pipelines spanning approximately 1,400 miles in Alabama, Louisiana and Mississippi. The system has total capacity of more than 800 MMcf per day and benefits from significant interconnectivity to major long-haul pipelines, providing reliable, cost-advantaged gas supply to utilities and other key end-users.

“We are very pleased to finalize this purchase of additional pipelines from Third Coast Midstream,” said Rene Casadaban, Chief Executive Officer of Black Bear Transmission. “These assets are a perfect fit with Black Bear because they strengthen our footprint of high-quality, demand-driven gas pipelines that are well-positioned to capture increasing natural gas demand in the Southeast United States. A team of seasoned operations and business development personnel will be coming to Black Bear with the assets, allowing us to maintain our focus on providing safe and reliable service to our customers. We appreciate all the work on the part of Third Coast Midstream for making this a successful transaction, and we look forward to completing a smooth transition.”

“We are excited about the follow-on sale of the NGT Assets to Black Bear,” stated Matt Rowland, President & Chief Executive Officer of Third Coast Midstream. “This transaction represents one of the final pieces of Third Coast’s strategic repositioning to focus on its core offshore and Gulf Coast asset base. In addition, Third Coast has executed a commercial services agreement with Black Bear, which will ensure a smooth transition and consistent commercial operations for Black Bear’s customers.”

Barclays served as exclusive financial advisor to Basalt, and Vinson & Elkins served as Basalt’s legal advisor. BMO Capital Markets served as exclusive financial advisor to Third Coast Midstream, while Orrick served as Third Coast Midstream’s legal advisor.

About Black Bear

Black Bear Transmission LLC transports and delivers natural gas from various pipeline receipt points to utility, power generation and industrial customers in the Southeast United States. Black Bear owns and operates 14 regulated natural gas pipelines stretching more than 2,600 miles, with total delivery capacity of more than 2.6 Bcf per day. The pipelines are connected to 18 major long-haul pipelines, ensuring reliable gas supply to customers across Alabama, Arkansas, Louisiana, Mississippi, Missouri, Oklahoma and Tennessee. Black Bear Transmission LLC is headquartered in Houston, TX.

For more information, please visit www.blackbearllc.com

About Basalt

Basalt I and Basalt II are two of the flagship Basalt Infrastructure Partners funds. They are infrastructure equity investment funds focusing on investments in utilities, power, transport, and communications infrastructure in North America and Europe. Other investments by the Basalt funds in North America include the Upper Peninsula Power Company, Texas Microgrid, DB Energy Assets, Detroit Thermal, Hyperion and Helios Power. Black Bear Transmission is a Basalt II portfolio company.

For more information, please visit www.basaltinfra.com.

About Third Coast Midstream

Headquartered in Houston, Texas, Third Coast Midstream, LLC is a full-service midstream company with assets that provide critical midstream infrastructure linking producers of natural gas, crude oil, NGLs, and condensate to end-use markets. Third Coast Midstream’s assets are strategically located in the prolific Deepwater Gulf of Mexico. Third Coast Midstream currently owns or has an ownership interest in approximately 3,000 miles of interstate and intrastate pipelines, as well as ownership in gas processing plants, fractionation facilities, an offshore semi-submersible floating production system with nameplate processing capacity of 90 MBbl/d of crude oil and 220 MMcf/d of natural gas, and a terminal site with approximately 3.0 MMBbls of storage capacity.

For media inquiries:
Black Bear Transmission
Rene Casadaban
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BETHESDA, Md.--(BUSINESS WIRE)--ProShares, a premier provider of ETFs, announced today that ProShares Ultra Bloomberg Crude Oil (UCO) and ProShares UltraShort Bloomberg Crude Oil (SCO) ETFs will change their benchmark effective after the market closes on September 16, 2020. The new benchmark for these funds is the Bloomberg Commodity Balanced WTI Crude Oil Index (ticker: BCBCLI). Following this benchmark change, each Fund will seek exposure to the WTI crude oil futures contracts that are included in its new benchmark.

The Bloomberg Commodity Balanced WTI Crude Oil Index aims to track the performance of three separate contract schedules for WTI crude oil futures which are reset on a semi-annual basis. One third of the index follows a monthly roll schedule, the second third of the index follows a June annual roll schedule, while the remaining third follows a December annual roll schedule.

Benchmark Change Details

Neither the Funds nor their current or new benchmarks are intended to track the performance of the spot price of WTI crude oil^* and therefore the Funds should be expected to perform very differently from the spot price of WTI crude oil. Additionally, until completion of the benchmark change, the Funds will not track the performance of the Bloomberg WTI Crude Oil Subindex.

About ProShares

ProShares has been at the forefront of the ETF revolution since 2006. ProShares now offers one of the largest lineups of ETFs, with more than $40 billion in assets. The company is the leader in strategies such as dividend growth, interest rate hedged bond and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.

^* “Spot” price refers to the price of physical crude oil that can be purchased at port for immediate delivery. The “spot” price is commonly referred to by the financial press and others, but is not generally investable.

Media Contact:
Tucker Hewes, Hewes Communications, Inc., 212.207.9451, This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor Contact:
ProShares, 866.776.5125, ProShares.com

LONDON--(BUSINESS WIRE)--#DemulsifierMarket--The demulsifier market is expected to grow by USD 254.62 million 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

Growing global energy demands and technological advancements in oil and gas E&P activities have significantly increased the production of crude oil across the world. For instance, in 2019, the average crude oil production in the US stood at 12.23 million barrels per day which is 11% higher compared with the crude oil production in 2018. In the Middle East, leading crude oil producers such as Saudi Arabia and Iraq accounted for 12.6% and 5.6% of global crude oil production respectively. Demulsifiers are extensively used in crude oil production to separate oil-water emulsion. Therefore, the increase in global crude oil production is expected to drive the growth of the global demulsifier market during the forecast period.

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=IRTNTR44072

As per Technavio, the growing developments in green demulsifier 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.

Demulsifier Market: Growing Developments in Green Demulsifier

Conventional demulsifiers use certain synthetic chemicals such as polyoxyethylene and polypropylene. These are harmful to aquatic organisms and the surrounding environment. The harmful effects of conventional demulsifiers on the environment are compelling several governments and regulatory authorities across the world to impose stricter environmental regulations. This is prompting vendors in the market to replace existing substances used in conventional demulsifiers with environment-friendly chemicals, such as plant and silicone derivatives. This trend is expected to have a positive impact on the growth of the global demulsifier market during the forecast period.

“Advances in demulsifier formulations and the rise in global refining capacity will further boost market growth during the forecast period,” says a senior analyst at Technavio.

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Demulsifier Market: Segmentation Analysis

This market research report segments the demulsifier market by Type (Oil-soluble demulsifier and Water-soluble demulsifier) and Geography (MEA, North America, Europe, APAC, and South America).

The MEA region led the demulsifier market in 2019, followed by North America, Europe, APAC, and South America respectively. During the forecast period, MEA is expected to register the highest incremental growth due to the increase in E&P activities in the region.

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

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/

WALL, N.J.--(BUSINESS WIRE)--Today, the board of directors of New Jersey Resources (NYSE: NJR) unanimously approved a 6.4 percent increase in the quarterly dividend rate to $.3325 per share from $.3125 per share. The new quarterly rate will be effective with the dividend payable October 1, 2020 to shareowners of record on September 22, 2020. This dividend replaces the previously announced dividend of $.3125 per share approved on July 14, 2020 for shareowners of record on September 22, 2020.

The new annual dividend rate will be $1.33 per share. NJR has paid quarterly dividends continuously since its inception in 1952, and this marks the 27^th dividend increase over the last 25 years.

“The action taken by our board of directors reflects our continued commitment to creating value for shareowners, especially in these uncertain times,” said Steve Westhoven, President and CEO of New Jersey Resources.

About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:

• New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains over 7,500 miles of natural gas transportation and distribution infrastructure to serve over half a million customers in New Jersey’s Monmouth, Ocean, Morris, Middlesex and Burlington counties.
• NJR Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of nearly 350 megawatts, providing residential and commercial customers with low-carbon solutions.
• NJR Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
• NJR Midstream serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Energy Center and the Adelphia Gateway Pipeline Project, as well as our 50 percent equity ownership in the Steckman Ridge natural gas storage facility, and our 20 percent equity interest in the PennEast Pipeline Project.
• NJR Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.

NJR and its more than 1,100 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®. For more information about NJR: www.njresources.com.

Follow us on Twitter @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.

NJR-D

Media Contact:
Michael Kinney
732-938-1031
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Investor Contact:
Dennis Puma
732-938-1229
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CRANBURY, N.J.--(BUSINESS WIRE)--Innophos Inc., a leading producer of specialty phosphates, announces that the US Patent and Trademark Office Patent, has issued US Patent 10,767,118 on September 8, 2020. The patent covers a family of metal-based scavengers that reduce hydrogen sulfide emissions in asphalt, thereby improving the safety of those working with the asphalt and reducing equipment corrosion. The patent has an expiration date of August 2, 2036.

Hydrogen Sulfide (H₂S) in Asphalt

H₂S is a naturally occurring gas that is found in crude oil and its derivatives from the refining process, such as asphalt. H₂S is also formed by the degradation of sulfur compounds in the oil when it is exposed to high temperatures or catalysts in the refining process. H₂S is a toxic and corrosive gas, and its presence can lead to hazardous conditions for humans and equipment. To reduce H₂S in asphalt, many asphalt producers and terminals use metal-based scavengers to remove the H₂S prior to transporting to downstream destinations.

About INNOVALT^® Scavenger

When liquid asphalt is modified with polyphosphoric acid (PPA) to achieve a higher performance grade for use in asphalt pavements, not all metal-based H₂S scavengers are capable of withstanding the transiently acidic environment created by the PPA resulting in the increased release of H₂S. INNOVALT^® SL70’s newly patented, metal-based liquid technology is capable of withstanding the acidic condition generated in asphalt when it is PPA-modified and maintains the metal sulfide bond in suspension instead of releasing H₂S into the storage vessel’s headspace.

“This patent expands Innophos’ portfolio in the PPA-modified asphalt space in which Innophos has been a lead innovator over the past 25 years with several patent-protected applications,” said Sherry Duff, Chief Marketing and Technology Officer. “It’s very exciting to see how our solution allows the asphalt industry to achieve a higher level of performance for their products while improving the safety of those working with the asphalt.”

About the Company

Innophos is a leading international producer of essential ingredients. We partner with world-leading health & nutrition, food & beverage, and industrial brands to create science-based solutions that improve quality of life. Our knowledgeable teams apply science to unlock the potential that lies within the blends and formulations that we deliver. Forward thinking and people centric at heart, we execute with purpose and efficiency to create value in everything we do. Headquartered in Cranbury, New Jersey, Innophos has manufacturing operations across the United States, in Canada, Mexico and China. For more information, please visit www.innophos.com.

Eugenia Erlij, VP of Marketing and Communications
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614.787.6756

Transaction accelerates investment in short-cycle, high-margin exploration opportunities and further strengthens the balance sheet

DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE: KOS) (LSE: KOS) (“Kosmos” or the “Company”) has entered into an agreement with B.V. Dordtsche Petroleum Maatschappij (“Shell”), a wholly-owned subsidiary of Royal Dutch Shell PLC (LSE: RDSA), to farm down interests in a portfolio of frontier exploration assets for approximately $100 million, plus future contingent payments of up to $100 million.

Under the terms of the agreement, Shell will acquire Kosmos’ participating interest in blocks offshore São Tomé & Príncipe, Suriname, Namibia, and South Africa (the “Assets”). The consideration consists of an upfront cash payment of approximately $100 million, plus contingent payments of $50 million payable upon each commercial discovery from the first four exploration wells drilled across the Assets, capped at $100 million in aggregate. Three of the four wells are currently planned for 2021.

Kosmos plans to use up to one-third of the initial proceeds to test two high-quality infrastructure-led exploration prospects in the Gulf of Mexico, each offering hub scale potential with a low-cost, lower-carbon development scheme. The company expects to use the remainder of the proceeds to reduce borrowings outstanding under its credit facilities.

Andrew G. Inglis, Kosmos Energy’s chairman and chief executive officer said: “With this transaction, we are continuing to focus our exploration portfolio on proven basins that offer superior returns with shorter payback and significant resource potential. The proceeds enable Kosmos to accelerate high graded exploration opportunities while strengthening the balance sheet, positioning Kosmos to create additional shareholder value. The contingent payments locked into the agreement with Shell ensure we retain upside from frontier exploration with no further investment.”

Post completion of the transaction, Kosmos retains a focused exploration portfolio with over six billion barrels of gross resource potential in the Gulf of Mexico and West Africa. Kosmos also expects to realize approximately $125 million in total savings across capital expenditures and general and administrative expenses over the next two years as a result of the transaction.

Closing of the transaction is expected in the fourth quarter of 2020 with an effective date of September 1, 2020 and is subject to customary conditions including government approvals.

Kosmos will present at the virtual Barclays CEO Energy-Power Conference on Wednesday, September 9, 2020 and an updated slide presentation has been posted to Kosmos’ website this morning.

About Kosmos Energy

Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. Kosmos is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in the Kosmos 2018 Corporate Responsibility Report. For additional information, visit www.kosmosenergy.com.

Forward-Looking Statements

This press release contains 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. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

Inside Information

This announcement contains inside information. The person responsible for arranging the release of this announcement is Jamie Buckland, Vice President, Investor Relations.

Investor Relations
Jamie Buckland
+44 (0) 203 954 2831
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Media Relations
Thomas Golembeski
+1-214-445-9674
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