HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners (NYSE: PSXP) announces that its subsidiary Gray Oak Pipeline, LLC (“Gray Oak”) is launching an open season to solicit shipper commitments for services from West Texas on the Gray Oak Pipeline. The open season will provide an opportunity for interested shippers to secure long-term crude oil transportation with Gray Oak under binding transportation services agreements.
There will be new takeaway capacity from West Texas, and a new destination in Victoria County, Texas. This is expected to be placed in service in the first half of 2022.
The open season will commence at 9 a.m. CDT on Sept. 1, 2020. Prior to participating in the open season, interested parties must execute a confidentiality agreement to govern the receipt of the open season documentation. For a form of confidentiality agreement and additional information regarding the expansion of the Gray Oak Pipeline, please contact This email address is being protected from spambots. You need JavaScript enabled to view it..
About Phillips 66 Partners
Headquartered in Houston, Phillips 66 Partners is a growth-oriented master limited partnership formed by Phillips 66 to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum products and natural gas liquids pipelines, terminals and other midstream assets. For more information, visit www.phillips66partners.com.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements as defined under the federal securities laws. Words and phrases such as “is anticipated,” “is estimated,” “is expected,” “is planned,” “is scheduled,” “is targeted,” “believes,” “continues,” “intends,” “will,” “would,” “objectives,” “goals,” “projects,” “efforts,” “strategies” and similar expressions are used to identify such forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this news release are based on management’s expectations, estimates and projections as of the date they are made. These statements are not guarantees of future performance and you should not unduly rely on them as they involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include the continued ability of Phillips 66 to satisfy its obligations under our commercial and other agreements; the volume of crude oil, refined petroleum products and NGL we or our joint ventures transport, fractionate, terminal and store; the tariff rates with respect to volumes that we transport through our regulated assets, which rates are subject to review and possible adjustment by federal and state regulators; the ability to obtain and maintain necessary permits for capital projects and operations; fluctuations in the prices for crude oil, refined petroleum products and NGL; liabilities associated with the risks and operational hazards inherent in transporting, fractionating, terminaling and storing crude oil, refined petroleum products and NGL; potential liability from litigation or for remedial actions, including removal and reclamation obligations under environmental regulations; the failure to complete construction of announced and future capital projects in a timely manner and any cost overruns associated with such projects; general domestic and international economic and political developments including: armed hostilities; expropriation of assets; changes in governmental policies relating to crude oil, refined petroleum products or NGL pricing, regulation or taxation; and other political, economic or diplomatic developments, including those caused by public health issues and outbreaks; and other economic, business, competitive and/or regulatory factors affecting Phillips 66 Partners’ businesses generally as set forth in our filings with the Securities and Exchange Commission. Phillips 66 Partners is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
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A significant regulatory milestone accomplished as NuScale readies to bring its SMR technology to market this decade
PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power announced today that the U.S. Nuclear Regulatory Commission (NRC) completed Phase 6 review—the last and final phase—of the Design Certification Application (DCA) for the company’s groundbreaking small modular reactor (SMR) with the issuance of the Final Safety Evaluation Report (FSER). The FSER represents completion of the technical review and approval of the NuScale SMR design. With this final phase of NuScale’s DCA now complete, customers can proceed with plans to develop NuScale power plants with the understanding that the NRC has approved the safety aspects of the NuScale design.
“This is a significant milestone not only for NuScale, but also for the entire U.S. nuclear sector and the other advanced nuclear technologies that will follow. This clearly establishes the leadership of NuScale and the U.S. in the race to bring SMRs to market. The approval of NuScale’s design is an incredible accomplishment and we would like to extend our deepest thanks to the NRC for their comprehensive review, to the U.S. Department of Energy (DOE) for its continued commitment to our successful private-public partnership to bring the country’s first SMR to market, and to the many other individuals who have dedicated countless hours to make this extraordinary moment a reality,” said NuScale Chairman and Chief Executive Officer John Hopkins. “Additionally, the cost-shared funding provided by Congress over the past several years has accelerated NuScale’s advancement through the NRC Design Certification process. This is what DOE’s SMR Program was created to do, and our success is credited to strong bipartisan support from Congress.”
NuScale’s DCA was completed in December 2016 and accepted by the NRC in March 2017. The review process demonstrated both the simplicity of NuScale’s SMR design and the thoroughness of the company’s application. As an example, during the rigorous Phase 1 review process, which included 115,000 hours spent reviewing the DCA, the NRC issued far fewer requests for additional information compared to other design certification applications. NuScale spent over $500 million, with the backing of Fluor, and over 2 million labor hours to develop the information needed to prepare its DCA application. The company also submitted 14 separate Topical Reports in addition to the over 12,000 pages for its DCA application and provided more than 2 million pages of supporting information for NRC audits.
“The NRC embraced the challenge of reviewing the first-ever small modular reactor DCA, which at the time not only marked an important milestone for NuScale, but also for the nuclear industry as a whole. NuScale appreciates the dedication, time, and effort of the NRC throughout this multi-year process, often with reviews completing ahead of schedule. As a long-time former NRC employee, including as an executive in the Office of New Reactors, I can say that this early issuance of the FSER is truly a credit to everyone at the NRC—including technical review and project staff, management, and the Commission,” said NuScale Vice President of Regulatory Affairs Tom Bergman.
NuScale continues to maintain strong program momentum toward commercialization of its SMR technology, including supply chain development, standard plant design, planning of plant delivery activities, and startup and commissioning plans. The company fields growing domestic and international customer interest from those who see the NuScale power plant as a long-term solution for providing reliable, safe, affordable, and operationally flexible carbon-free energy for diverse applications. NuScale has signed agreements with entities in the U.S., Canada, Romania, the Czech Republic, and Jordan. Similar agreements with other entities are being negotiated.
About NuScale Power
NuScale Power has developed a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, and other process heat applications. This groundbreaking small modular reactor (SMR) design features a fully factory-fabricated NuScale Power Module™ capable of generating 60 MW of electricity using a safer, smaller, and scalable version of pressurized water reactor technology. NuScale's scalable design—a power plant can house up to 12 individual power modules—offers the benefits of carbon-free energy and reduces the financial commitments associated with gigawatt-sized nuclear facilities. The majority investor in NuScale is Fluor Corporation, a global engineering, procurement, and construction company with a 60-year history in commercial nuclear power.
NuScale is headquartered in Portland, OR and has offices in Corvallis, OR; Rockville, MD; Charlotte, NC; Richland, WA; and London, UK. Follow us on Twitter: @NuScale_Power, Facebook: NuScale Power, LLC, LinkedIn: NuScale-Power, and Instagram: nuscale_power. NuScale has a new logo, brand, and website. Watch the short video.
Media Contact:
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GCT’s New York Terminal implements Navis N4 via remote assistance to modernize its offerings
OAKLAND, Calif.--(BUSINESS WIRE)--Navis, a part of Cargotec Corporation and provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the shipping supply chain, today announced that Global Container Terminals (GCT) New York has gone live with Navis N4. The terminal upgraded its TOS during the pandemic and completed the go-live via remote assistance from the Navis team.
As a full-service container and general cargo facility in the New York harbor, GCT New York is a gateway to the world’s largest and most affluent markets in the US. The terminal, located on Staten Island, sits on 187 acres and features on-dock rail, complete container freight station services and easy access to major interstate highways. GCT New York consistently delivers best-in-class service, the highest productivity in the harbor and industry leading, reliable turn times.
Despite the uncertain market conditions as a result of COVID-19, GCT decided to push forward and continue investing for the future to stay ahead of the curve - enabling better visibility and enhancing its already excellent service and productivity levels to exceed customer expectations. This included making the transition to N4. Navis is the TOS of choice for GCT company-wide, as it offers the flexibility to operate multiple operational models and strategies while providing GCT the ability to both modernize and standardize its IT infrastructure. GCT worked with Navis to devise a strategy for remote implementation to bring the New York facility online with N4 without disrupting daily operations.
“GCT is committed to modernization and investment in technology, people and processes across our terminals to enhance fluidity, visibility, safety and service,” said Erik Ward, Chief Information Officer, GCT Global Container Terminals. “The deployment to N4 not only ensures that our teams have the right tools to manage day-to-day operations and customer service, but also equips us with new, innovative features for our customers and better prepares us to execute future strategic initiatives.”
While GCT remained steadfast in its commitment to pushing forward with the project, the added challenge of going live during a pandemic required that the Navis project team pivot quickly to a remote operation. “During these uncertain times, it is imperative that we are able to offer options for terminals to go forward with their business plans so they can continue to provide top-notch service to their customers,” said Chuck Schneider, Chief Customer Officer, Navis. “At the start of the outbreak, the Navis team was able to quickly alter our go-live strategy, and have since successfully completed several N4 go-lives 100 percent remotely. By upgrading to N4, GCT now has the structure in place to adapt quickly to changing expectations and market conditions and the flexibility to implement new strategies and models as a result. At the end of the day, having a flexible solution that allows you to pull different levers to meet your current needs can make all the difference and we look forward to helping other terminals map their plans forward.”
For more information visit www.navis.com.
About Navis, LLC
Navis, a part of Cargotec Corporation, is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps streamline operations. www.navis.com
About Cargotec Corporation
Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec's sales in 2019 totalled approximately EUR 3.7 billion and it employs around 12,000 people. www.cargotec.com
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DUBLIN--(BUSINESS WIRE)--The "CO2 EOR - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 5th edition of this report. The 137-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global CO2 EOR Market to Reach $4.6 Billion by 2027
Amid the COVID-19 crisis, the global market for CO2 EOR estimated at US$3.9 Billion in the year 2020, is projected to reach a revised size of US$4.6 Billion by 2027, growing at a CAGR of 2.6% over the period 2020-2027.
The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 4.8% CAGR
The CO2 EOR market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$929.9 Million by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.
Competitors identified in this market include, among others:
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
Total Companies Profiled: 41
For more information about this report visit https://www.researchandmarkets.com/r/lljy3l
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Assessment of Sabine Pass facility shows no significant damage to facility; Executing plan to safely restart LNG production
HOUSTON--(BUSINESS WIRE)--#CheniereSTRONG--Cheniere Energy, Inc. (“Cheniere” or the “company”) (NYSE American: LNG) and Cheniere Energy Partners, L.P. (NYSE American: CQP) announced today that a comprehensive facility and operational assessment of the Sabine Pass Liquefaction facility and pipeline assets revealed no significant damage as a result of Hurricane Laura, with the facility performing as designed through the storm. Cheniere has started to execute on its plan to restart LNG production at Sabine Pass. The company also announced a pledge of $1 million to local organizations supporting hurricane relief efforts.
“Most importantly, all of our employees are safe and accounted for. After the storm, we carefully assessed our facility and discovered no significant damage, and we have begun executing startup plans to safely resume operations,” said Jack Fusco, President and CEO of Cheniere. “We know that while our facility emerged from this storm, many of our coworkers, friends and neighbors need assistance. Our pledge of $1 million, in addition to our volunteer time and other efforts, will help the region quickly recover from the impacts of Hurricane Laura.”
“I want to thank Cheniere for stepping up during our state’s time of need with this commitment,” said Louisiana Governor John Bel Edwards. “It is important for all of us to join together in recovery efforts for our communities in southwest Louisiana.”
Bechtel, Cheniere’s EPC contractor, is returning today to Sabine Pass to resume work constructing Train 6 and on the Third Berth Project.
Cheniere conducted initial assessments of impact from Hurricane Laura at the Sabine Pass facility by air, boat, and by technical and third-party experts. Prior to the storm, Cheniere activated its emergency office location in Dallas to support essential functions.
Activities undertaken by Cheniere as part of, or in addition to, the $1 million donation include:
Cheniere is committed to its role as a responsible corporate leader and delivers on this promise by engaging in philanthropic activities that support the company’s values. Further information about Cheniere’s corporate giving and volunteerism can be found at www.cheniere.com
About Cheniere
Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with expected adjusted aggregate nominal production capacity of up to 45 million tonnes per annum of LNG operating or under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.
For additional information, please refer to the Cheniere website at cheniere.com and Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, filed with the Securities and Exchange Commission.
Cheniere Energy, Inc.
Investors
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713-375-5764
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This order marks the largest electric vehicle commitment for Mercedes-Benz Vans to date
The electric vehicles from this order will begin making deliveries to customers in 2020, helping to save thousands of metric tons of carbon
The Climate Pledge, co-founded by Amazon and Global Optimism, is a commitment to reach net zero carbon by 2040—ten years ahead of the Paris Agreement
SEATTLE--(BUSINESS WIRE)--Today, Amazon (NASDAQ: AMZN) announced it is adding more than 1,800 electric vehicles from Mercedes-Benz Vans to its delivery fleet in Europe this year. Amazon and Mercedes-Benz share a commitment to reduce emissions from the transportation sector, and Mercedes-Benz also announced today it has joined The Climate Pledge, which calls on signatories to be net zero carbon across their businesses by 2040—a decade ahead of the Paris Agreement goal of 2050.
“We welcome the bold leadership demonstrated by Mercedes-Benz by signing up to The Climate Pledge and committing to ambitious action to address climate change. We need continued innovation and partnership from auto manufacturers like Mercedes-Benz to decarbonize the transportation sector and tackle the climate crisis,” said Jeff Bezos, Amazon founder and CEO. “Amazon is adding 1,800 electric delivery vehicles from Mercedes-Benz as part of our journey to build the most sustainable transportation fleet in the world, and we will be moving fast to get these vans on the road this year.”
“At Mercedes-Benz, we have set ourselves the ambitious target to make the transformation of mobility a success story. By joining ‘The Climate Pledge’ we are building on our goal to consistently pursue emission-free mobility and sustainable vehicle production,” said Ola Källenius, Chairman of the Board of Management of Daimler AG and Mercedes-Benz AG. “We stand with Amazon, Global Optimism and the other signatories of The Climate Pledge, in a commitment to being net zero carbon by 2040 – ten years ahead of The Paris Agreement. I am pleased that we will be able to gain even more momentum on our sustainability offensive with this step.”
As part of Mercedes-Benz’s commitment as the latest signatory of The Climate Pledge, the company is doubling down on its commitment to "Ambition2039," a roadmap to CO2-neutral mobility. The company is evaluating ways to remove carbon from its entire value chain, from development to the supplier network, from its own production to the electrification of products and beyond, as well as to ensuring renewable energies for the use phase of electric vehicles. With its goal to have a CO2-neutral fleet of new cars in less than 20 years, Mercedes-Benz is making an important contribution to slowing climate change. The company is already making good progress in this direction: By the end of this year, the vehicle portfolio will comprise five fully electric models and more than 20 plug-in hybrids. Signatories to The Climate Pledge also have the opportunity to share access to technologies, best practices and innovations in supply chain enhancements. They are also able to co-invest in new technologies and emerging solutions.
Amazon’s Delivery Service Partners will have access to the new fleet of zero-emission vehicles to make deliveries to customers in Europe this year, helping to save thousands of metric tons of carbon. The order is a milestone for Mercedes-Benz Vans, marking the largest order of electric vehicles for the manufacturer to date, and makes Amazon its largest sustainable transportation partner worldwide. More than 1,200 EVs in the order will be comprised of the newest electric commercial van available at Mercedes-Benz – the eSprinter, a larger model than the manufacturer’s first zero-emission vehicle, the eVito. The eSprinter includes state-of-the-art safety features including, electrical parking brake, active brake assist, reverse camera, blind spot assist, and more. The remaining 600 vehicles will be comprised of the manufacturer’s midsize electric van, the eVito, to give Delivery Service Partners operating in geographies that require a smaller-format vehicle access to a zero-emissions delivery option.
"I am delighted that we are further intensifying our long-standing partnership with Amazon and working together on the battery-electric future of transportation," said Marcus Breitschwerdt, Head of Mercedes-Benz Vans. “With the eVito and the eSprinter, we have electric vehicles in our portfolio, which are ideally suited for the requirements of the courier-, express- and parcel-service industry for goods delivery on the so-called ‘last mile’ in terms of their equipment and range. They show that local emission-free driving, convincing performance, comfort and low operating costs can be combined perfectly.”
“Amazon’s investment is a strong and concrete sign of its commitment and alignment to EU priorities,” said Fabio Massimo Castaldo, Vice President at the European Parliament. “Amazon continues to contribute to the achievement of the EU Green Deal goals, foster technological innovation and generate resilient and sustainable jobs in Europe. I hope that other corporations will follow Amazon’s example in the near future.”
Amazon is also committed to powering its growing electric fleet with clean energy. As part of The Climate Pledge, Amazon is investing in renewable energy as a critical step toward addressing our carbon footprint globally and has committed to run on 100% renewable energy by 2025. Globally, Amazon has 91 renewable energy projects that have the capacity to generate over 2,900 MW and deliver more than 7.5 million MWh of energy annually. These projects include 31 utility-scale wind and solar renewable energy projects and 60 solar rooftops on fulfillment centers and sort centers around the globe.
About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.amazon.com/about and follow @AmazonNews.
Amazon.com, Inc.
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ENEOS Innovation Partners G.K., the CVC arm of the ENEOS Group has made a strategic investment in Ossia as part of its new business development initiative
TOKYO & BELLEVUE, Wash.--(BUSINESS WIRE)--#Cota--Ossia Inc. (Ossia), the company behind Cota® Real Wireless Power™ today announced a strategic investment by ENEOS Innovation Partners G.K (ENEOS IP). By adding ENEOS Holdings, Inc. (ENEOS HD) to the Ossia ecosystem, this furthers the strong brand partners that have endorsed Ossia’s Cota Real Wireless Power. Ossia’s ecosystem partners fill many roles including investors, commercial partners, deployment partners and brands who license the Cota technology.
ENEOS HD is a $94B USD (as of FY2019) Japanese petroleum, oil & gas exploration, and metals conglomerate that is one of Japan’s top ten largest companies (based on revenue as of March 31, 2019) with over 40,000 employees. The ENEOS brand is also a well-known consumer brand in Japan, especially for gas stations and electricity, and is widely recognized globally by race car sponsorships.
Ossia’s FCC-certified Cota technology efficiently delivers targeted energy to devices at-a-distance without wires, cables, or charging pads. ENEOS HD evaluated several wireless power companies and chose Ossia’s Cota technology to make a strategic investment.
The partnership with Ossia includes a strategic investment in the company to bring Cota Real Wireless Power to market. Utilizing ENEOS Group’s established consumer global brand presence in the energy field, Ossia and ENEOS HD will work together to explore wireless power opportunities in Japan and more broadly in Asia.
“We believe Ossia’s innovative technology has the potential to dramatically change people’s behavioral patterns, introducing a paradigm shift in their lifestyles," said Yasunori Yazaki (Executive Officer of ENEOS HD and President of ENEOS IP). "We are very excited about this strategic investment in Ossia and we look forward to a productive partnership.”
Ossia continues to license its Cota technology to a growing ecosystem of brands, system integrators and device makers across the world. Ossia has received multiple FCC certifications for Cota wireless power systems, with many more planned as Cota-enabled products continue to develop. Ossia has a network of partners of the Cota technology. ENEOS HD joins the Cota ecosystem to accelerate bringing Real Wireless Power products to market.
"ENEOS is a large, well-respected global brand with stronghold in Japan and more broadly throughout Asia in the energy sector. The strategic alignment for ENEOS and Ossia is clearly another step in making Cota the global leader in wireless power,” said Doug Stovall, Chief Revenue Officer of Ossia. "We are thrilled to add ENEOS as a strategic investor to the Ossia ecosystem and look forward to the work we will do together."
About ENEOS Holdings, Inc.
ENEOS Holdings, Inc. is a Japanese petroleum, oil & gas exploration, and metals conglomerate, a listed company on the first section of Tokyo Stock Exchange in Japan.
ENEOS Group seeks to develop new businesses that are in line with the group’s “Long-Term Vision” through its Corporate Venture Capital arm, ENEOS IP (https://www.eneos-innovation.co.jp).
You can read more at: https://www.hd.eneos.co.jp/english/company/system/plan.html
About Ossia
Ossia Inc. is leading the world on what is possible with wireless power. Ossia’s flagship Cota® technology redefines wireless power by safely delivering remote, targeted energy to devices at a distance. Ossia’s Cota technology is a patented smart antenna technology that automatically keeps multiple devices charged without any user intervention and enables an efficient and truly wire-free, powered-up world that is always on and always connected. Ossia is headquartered in Bellevue, Washington. Visit our website at www.ossia.com.
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SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--The Garmin Ltd. (NASDAQ: GRMN) board of directors has established September 30, 2020 as the payment date for the next dividend installment of $0.61 per share with a record date of September 15, 2020. At the 2020 annual shareholders’ meeting, Garmin shareholders, in accordance with Swiss corporate law, approved a cash dividend in the total amount of $2.44 per share (subject to adjustment in the event that the Swiss Franc weakens more than 35% relative to the USD), payable in four equal installments on dates to be determined by the Board in its discretion. The first payment was made on June 30, 2020. The Board currently anticipates the scheduling of the remaining quarterly dividend installments as follows:
Dividend Date |
Record Date |
$s per share |
||||
December 31, 2020 |
December 15, 2020 |
$0.61 |
||||
March 31, 2021 |
March 15, 2021 |
$0.61 |
About Garmin Ltd.:
For decades, Garmin has pioneered new GPS navigation and wireless devices and applications that are designed for people who live an active lifestyle. Garmin serves five primary markets, including automotive, aviation, fitness, marine, and outdoor recreation. For more information, visit Garmin's virtual pressroom at garmin.com/newsroom, contact the Media Relations department at 913-397-8200, or follow us at facebook.com/garmin, instagram.com/garmin, twitter.com/garmin, or youtube.com/garmin.
Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark of Garmin Ltd.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors that are described in both the Annual Report on Form 10-K for the year ended December 28, 2019 and the Quarterly Report on Form 10-Q for the quarter ended June 27, 2020 filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of Garmin’s 2019 Form 10-K and the Q2 2020 Form 10-Q can be downloaded from https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Category: Corporate
Investor Relations Contact:
Teri Seck
913/397-8200
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Building on its renewables expertise further positions the company’s solar business for continued investment and growth
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Black & Veatch, a global leader in power infrastructure engineering, procurement and construction (EPC) services, today announced that Paul Skurdahl has been named Senior Vice President and Director of Solar Energy within the company’s rapidly growing power business.
Backed by more than 35 years in the power industry, including over 15 years in renewables, Skurdahl joins the company during a time of growing investment in renewable energy generation as the electric industry strives to maximize reliability and resilience while lowering its carbon footprint through clean, affordable energy options. Solar power continues to play a growing role in the world’s diversified energy portfolio; last year the U.S. solar market grew by 23 percent, helping solar power account for nearly 40 percent of all new electrical capacity added that year – an industry first. Black & Veatch, a global leader in power generation, transmission and distributed energy solutions, played a key role in helping to address the rising demand.
Skurdahl brings deep expertise and EPC experience working across the renewables space, including all phases of development, engineering and construction. His experience with power purchase agreements (PPAs), interconnect and partner agreements, and energy trading provide a unique client/market perspective that will complement and expand Black & Veatch’s ability to deliver a wide range of innovative renewable solutions. Skurdahl will provide leadership and project insights while further positioning the company’s solar business for growth.
“The influx of renewable energy is playing a key role in the diverse generation portfolio needed to meet the world’s power demand,” said Mario Azar, President of Black & Veatch’s power business. “Clients are increasingly looking for a solutions provider who can offer a cohesive yet flexible range of technologies and services, and guide and execute renewable projects from development through deployment.”
Before joining Black & Veatch, Skurdahl spent 15 years in various leadership positions for Avangrid Renewables. Most recently, he served as interim vice president of projects, where he directed a team of more than 50 professionals responsible for the design and construction of U.S. wind, solar and storage projects. Prior to that, he managed teams of engineering and estimating professionals providing development, design, procurement and capital budgeting for projects with an annual capital/construction budget of more than $2 billion.
Skurdahl has a Bachelor of Science in Electrical Engineering from Oregon State University.
Editor’s Notes:
About Black & Veatch
Black & Veatch is an employee-owned engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people in over 100 countries by addressing the resilience and reliability of our world's most important infrastructure assets. Our revenues in 2019 were US$3.7 billion. Follow us on www.bv.com and on social media.
Media Contact Information:
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24-HOUR MEDIA HOTLINE | +1 866-496-9149
DUBLIN--(BUSINESS WIRE)--The "Gas Separation Membranes Market, Size, Share, Outlook and COVID-19 Strategies, Global Forecasts from 2019 to 2026" report has been added to ResearchAndMarkets.com's offering.
Gas Separation Membranes Market Analysis and Outlook to 2026: As the Gas Separation Membranes industry shifts, the report presents the emerging market trends, factors driving the Gas Separation Membranes market growth, and potential opportunities over the forecast period. The trends underpinning the profitability of Gas Separation Membranes companies are shifting rapidly, forcing companies to carefully align their strengths in synchronization with Gas Separation Membranes industry trends.
To avoid getting left behind in an intensive competitive Gas Separation Membranes 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, Gas Separation Membranes companies must strengthen their capabilities to maintain their market shares in the Gas Separation Membranes industry.
To assist Gas Separation Membranes manufacturers and vendors to formulate their strategies and analyze their business in the global front, the publisher has published its 2020 series of Gas Separation Membranes market size, share, opportunities, and outlook to 2026. The report explores changing Gas Separation Membranes market landscape, capital markets, strategies, mergers & acquisitions in the global and country-level markets.
The report presents an introduction to the Gas Separation Membranes market in 2020, analyzing the COVID-19 impact both quantitatively and qualitatively. It presents the strategies being adopted by leading Gas Separation Membranes companies, emerging market trends, Gas Separation Membranes 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 Gas Separation Membranes market.
The global Gas Separation Membranes market size is forecast across different scenarios including the actual forecasts and COVID affected forecasts from 2019 to 2026. Further, Gas Separation Membranes market revenue and market shares in global industry are forecast across different types of Gas Separation Membranes, applications, and end-user segments of Gas Separation Membranes and across 18 countries.
Report Guide
Chapter-wise Guidance
General Scope
Key Topics Covered:
1 Table of Contents
2 Executive Summary
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 Gas Separation Membranes market trends
3.4 Impact of New Entrants, Competitive Landscape, Substitutes, Buyer and Supplier Powers
4 Global Gas Separation Membranes Market Outlook across Types to 2026
4.1 Asia Pacific Gas Separation Membranes Market Outlook across Types, 2019 - 2026
4.2 Europe Gas Separation Membranes Market Outlook across Types, 2019 - 2026
4.3 North America Gas Separation Membranes Market Outlook across Types, 2019 - 2026
4.4 South and Central America Gas Separation Membranes Market Outlook across Types, 2019 - 2026
4.5 Middle East Africa Gas Separation Membranes Market Outlook across Types, 2019 - 2026
5 Global Gas Separation Membranes Market Outlook across Applications to 2026
5.1 Asia Pacific Gas Separation Membranes Market Outlook across Applications, 2019 - 2026
5.2 Europe Gas Separation Membranes Market Outlook across Applications, 2019 - 2026
5.3 North America Gas Separation Membranes Market Outlook across Applications, 2019 - 2026
5.4 South and Central America Gas Separation Membranes Market Outlook across Applications, 2019 - 2026
5.5 Middle East Africa Gas Separation Membranes Market Outlook across Applications, 2019 - 2026
6 Country - Gas Separation Membranes Market Analysis and Outlook to 2026
7 Global Gas Separation Membranes Market Competitive Analysis
7.1 Top 10 Leading Companies in the global Gas Separation Membranes industry
7.1.1 Business Overview
7.1.2 Gas Separation Membranes Products and Services
7.1.3 SWOT Analysis
7.1.4 Financial Profile
8 Global Gas Separation Membranes Market - Recent Developments
8.1 Gas Separation Membranes Market News and Developments
8.2 Gas Separation Membranes Market Deals Landscape
9 Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/jj80w5
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "North Sea Offshore Decommissioning Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The North Sea offshore decommissioning market is expected to grow at a CAGR of over 5% during the forecast period of 2020 - 2025.
Factors such as aging offshore infrastructure in the oil and gas industry, rising offshore oil and gas production activities, and increasing oil and gas demand are expected to be major drivers driving the market. However, the volatile nature of oil prices in recent years led to decreased capital expenditure in the upstream oil & gas industry, causing a slowdown for the market studied.
Companies Mentioned
Key Market Trends
Shallow Water to Dominate the Market
United Kingdom to Dominate the Market
Key Topics Covered:
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 North Sea Offshore Active Rig Count, till 2019
4.4 Recent Trends and Developments
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Water Depth
5.1.1 Shallow Water
5.1.2 Deepwater and Ultra-Deepwater
5.2 Geography
5.2.1 United Kingdom
5.2.2 Norway
5.2.3 Rest of North Sea
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Able UK
6.3.2 Aker Solutions ASA
6.3.3 AF Gruppen S.A.
6.3.4 John Wood Group PLC
6.3.5 DNV GL
6.3.6 Heerema Marine Contractors (HMC)
6.3.7 Allseas Group
6.3.8 TechnipFMC PLC
6.3.9 DeepOcean Group Holding B.V.
6.3.10 Equinor ASA
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/25sglb
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HOUSTON--(BUSINESS WIRE)--Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (“Solaris”) announced today that its Board of Directors has declared a quarterly cash dividend of $0.105 per share of Class A common stock, to be paid on September 17, 2020 to holders of record as of September 7, 2020. A distribution of $0.105 per unit has also been approved for holders of units in Solaris Oilfield Infrastructure, LLC, which is subject to the same payment and record dates.
About Solaris Oilfield Infrastructure, Inc.
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) manufactures and rents mobile equipment that drives supply chain and execution efficiencies in the completion of oil and natural gas wells. Solaris’ patented mobile proppant and chemical systems are deployed in many of the most active oil and natural gas basins in the United States. Additional information is available on our website, www.solarisoilfield.com.
Yvonne Fletcher
Senior Vice President, Finance and Investor Relations
(281) 501-3070
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WHITE PLAINS, N.Y.--(BUSINESS WIRE)--#CNG--Fortistar and Paloma Dairy today announced the beginning of construction on a dairy digester renewable natural gas (RNG) facility, the Sunoma Renewable Biofuel Project. The new facility will produce 1.6 million gasoline gallon equivalents (GGE) of vehicle fuel annually for the Class 8 trucking sector—enough fuel to move 10 million miles of freight.
In addition to the significant community environmental benefits and cost savings for the fleets that use the fuel, the project will boost the local economy with 50 construction jobs and six permanent positions in Gila Bend, Arizona. This project continues an aggressive renewable fuels growth strategy at Fortistar designed to help businesses and public agencies dramatically reduce their greenhouse gas (GHG) emissions with a solution that also saves them money. TruStar Energy, a Fortistar portfolio company and leading developer of natural gas fueling stations, will market and deliver the RNG fuel.
“This one project will help provide solutions for two important American industries. We are using our expertise to create new revenue streams for dairies while capturing methane and repurposing it to decarbonize the transportation sector,” said Mark Comora, president of Fortistar. “We are excited about partnering with the Van Hofwegen family on the Sunoma Renewable Biofuel Project to create the lowest carbon transportation fuel on the market.”
“The decision was easy,” remarked Robert Van Hofwegen Sr., patriarch of the Paloma Dairy family business. “We saw a great environmental and economic opportunity in the management of our manure and emissions. The key was finding a partner that could execute and unlock the potential value. We believe we found that partner in Fortistar and we look forward to working with them on this most exciting project.”
Paloma Dairy is owned by the Van Hofwegen family, a fourth-generation dairy farm family in Gila Bend, AZ. The farm relies on the latest radio-frequency identification (RFID) technology that helps to provide its distinctive black and white Holstein cows with individualized care and provisions. Paloma Dairy keeps track of the complete health record of each cow via its signature RFID technology, which also allows employees to check on the health of each cow daily. In addition to the care of over 10,000 animals, the farm produces cow feed via alfalfa, corn silage, wheat and barley across 7,000 acres of farmland.
Montrose Water and Sustainability Services, a division of Montrose Environmental Group, completed design and engineering for the project as well as equipment procurement. Montrose’s subject matter experts will provide construction oversight, along with startup and commissioning support for the project. Industrial Services Company (ISC) will lead the building of the system.
Strengthening their position in the RNG industry, the Montrose team is excited to partner with Fortistar, the Van Hofwegen Family and ISC to bring to market an industry-leading anaerobic digestion project that will offer long-term sustainability benefits to the farm and local community. The project will be interconnected with Southwest Gas Company who will also purchase the gas. The Low Carbon Fuel Standard (LCFS) credits will be sold to Chevron under a long-term agreement. Initial project development was performed by Black Bear Environmental Assets Advisors. Financing was provided by Live Oak Bank.
The Sunoma Renewable Biofuels Project is the third of 12 new Fortistar RNG projects totaling nearly $500 million in capital that Fortistar expects to begin over the next year. These new projects will help produce 120 million GGE of RNG over the next three years and reduce U.S. transportation emissions by 2 million metric tons of CO2 annually, which is the equivalent of taking approximately 424,628 passenger cars off the road.
About Fortistar
Founded in 1993, Fortistar is a privately-owned investment firm that successfully builds, operates and manages companies and projects that address global challenges that others view as too complex or uncertain. Fortistar utilizes its capital, flexibility and operating expertise to grow high-performing assets, first in independent power projects and now into other areas that support decarbonization. As a team, Fortistar has led financings raising over $3.5 billion in capital for companies and projects in the energy, transportation and industrial sectors. For more information about Fortistar or its portfolio companies, please visit: www.fortistar.com and follow the company on LinkedIn.
Hayley Advokat
(202) 579-1062
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DUBLIN--(BUSINESS WIRE)--The "Natural Gas Pipeline - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The 136-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Natural Gas Pipeline Market to Reach 3.5 Thousand Miles by 2027
Amid the COVID-19 crisis, the global market for Natural Gas Pipeline estimated at 2.4 Thousand Miles in the year 2020, is projected to reach a revised size of 3.5 Thousand Miles by 2027, growing at a CAGR of 5.5% over the period 2020-2027.
Onshore, one of the segments analyzed in the report, is projected to record 4.8% CAGR and reach 2.4 Thousand Miles by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Offshore segment is readjusted to a revised 7.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at 710.8 Miles, While China is Forecast to Grow at 5.2% CAGR
The Natural Gas Pipeline market in the U.S. is estimated at 710.8 Miles in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of 622.5 Miles by the year 2027 trailing a CAGR of 5.2% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.
Competitors identified in this market include, among others:
Total Companies Profiled: 52
For more information about this report visit https://www.researchandmarkets.com/r/8h07m0
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SAN FRANCISCO--(BUSINESS WIRE)--Candela Renewables announced an agreement with Google for a 140 MW power purchase agreement in Texas, bringing new green energy to the ERCOT power grid. As part of the agreement, Candela will develop a new solar power project, boosting the local economy as a result of the investment and creating new construction and permanent full-time jobs.
Over our years working together, the team at Candela has pushed itself to not just develop renewable power and storage projects, but to create projects and find partners that move the entire industry forward in innovative ways that have an impact beyond an individual piece of infrastructure.
For more information on the agreement, please visit: https://www.candelarenewables.com/news-blog/helping-set-a-new-standard-for-energy-innovation.
About Candela Renewables
Founded by former First Solar executives, Candela has the most accomplished team developing utility-scale solar power projects in the United States. Since it was founded in 2018, Candela has assembled a portfolio of more than 3.6 GW of utility-scale solar projects and 2.2 GW of co-located energy storage. This includes 240 MWAC of solar and 50 MWAC / 200 MWh of co-located storage with executed or awarded PPAs across 2 projects and an additional 340 MWAC shortlisted or in bilateral negotiations, showcasing their ability to deliver high-quality, well-developed projects.
Candela has in-house expertise across all stages of the development lifecycle and can efficiently bring projects to either NTP or COD through their focused, proven and differentiated development strategy.
For more information, visit https://www.candelarenewables.com/
Sarah Ohlson, This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Intelligent Pigging - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The 146-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Intelligent Pigging Market to Reach $797.8 Million by 2027
Amid the COVID-19 crisis, the global market for Intelligent Pigging estimated at US$589.1 Million in the year 2020, is projected to reach a revised size of US$797.8 Million by 2027, growing at a CAGR of 4.4% over the analysis period 2020-2027.
Magnetic Flux Leakage, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$476.5 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ultrasonic segment is readjusted to a revised 4.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $173.5 Million, While China is Forecast to Grow at 4.2% CAGR
The Intelligent Pigging market in the U.S. is estimated at US$173.5 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$141.9 Million by the year 2027 trailing a CAGR of 4.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 3.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.
Caliper Segment to Record 4.6% CAGR
In the global Caliper segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$63.2 Million in the year 2020 will reach a projected size of US$87.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$89.3 Million by the year 2027.
Competitors identified in this market include, among others:
Total Companies Profiled: 46
For more information about this report visit https://www.researchandmarkets.com/r/3oz1xf
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Privately held E&P chooses production optimization software to improve cash flow
HOUSTON--(BUSINESS WIRE)--Ambyint, the leader in well lifecycle production optimization, today announced Alta Resources has selected Ambyint InfinityPL™ and SmartStream™ to provide advanced well optimization capabilities. Alta is a private oil and gas company headquartered in Houston, Texas. The company has wells primarily in the Marcellus basin and will deploy Ambyint software to improve operational efficiency and drive additional free cash flow.
Ambyint InfinityPL increases production up to 7% on plunger lift wells detecting anomalous conditions and determining optimal controller setpoints. Early anomaly detection and optimized production are consistent challenges for the majority of plunger wells regardless of basin. InfinityPL gives producers better production outcomes by enabling predictive maintenance opportunities, managing controller setpoints, and improving well stability - all while leveraging existing SCADA infrastructure.
Ambyint SmartStream ensures that production meets plan. Eighty percent of an E&P company’s wells have an anomaly that is often difficult to detect. SmartStream identifies well issues at their onset giving engineers information they need to avoid negative impacts to production volumes. The product also provides insights on the impact of well interventions and integrates into existing data sources, such as production accounting and SCADA systems.
“We are excited that Alta Resources has chosen us as a partner in optimizing production at scale - especially at a time when gaining additional margin is so critical,” says Chris Robart, chief commercial officer at Ambyint. “Our solutions significantly improve well economics, positioning E&P companies not only to survive but thrive in these economic times. Ambyint gives producers the ability to do more with less, and we are thrilled to help Alta on this journey.”
About Ambyint
Ambyint, a market leader in AI-powered optimization for the oil and gas industry, delivers step-change improvements to E&P production outcomes and margins by combining advanced physics and subject matter expertise with artificial intelligence to automate operations and production optimization workflows across all well types and artificial lift systems. www.ambyint.com.
About Alta Resources
Alta Resources is a private company formed in 1999 to explore for onshore oil and natural gas in the United States. The company is headquartered in Houston. Alta owns an interest in approximately 900 Marcellus shale wells together with midstream assets in roughly a quarter of a million net acres and half a million gross acres in northeastern Pennsylvania. Further information is available at www.alta-resources.com.
Ambyint
Ginger Shelfer
+1 346 425 1138
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DUBLIN--(BUSINESS WIRE)--The "Global Oil and Gas Storage Valves Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The oil and gas storage valves market is poised to grow by $ 130.53 mn during 2020-2024 progressing at a CAGR of 2% during the forecast period.
The reports on oil and gas storage valves market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing mandates for SPRs and increasing focus on unconventional oil and gas E&P activities.
The oil and gas storage valves market analysis include application segment and geographic landscapes. This study identifies the growing demand for natural gas as one of the prime reasons driving the oil and gas storage valves market growth during the next few years.
The research presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The oil and gas storage valves market covers the following areas:
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading oil and gas storage valves market vendors that include AVK Holding AS, Baker Hughes Co., Curtiss-Wright Corp., Emerson Electric Co., Flowserve Corp., Honeywell International Inc., Schlumberger Ltd., TechnipFMC Plc, The Weir Group Plc, Wartsila Corp. Also, the oil and gas storage valves market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The research presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary.
This market research report provides a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Application
6. Customer landscape
7. Geographic Landscape
8. Vendor Landscape
9. Vendor Analysis
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/ob96kq
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU) today announced the promotion of Rodrigo Flores from vice president automotive to vice president automotive and intermodal sales effective September 1, 2020. In this expanded role, he is responsible for the automotive and intermodal business units in the U.S. and Mexico.
“While leading our automotive business unit over the past year, Rodrigo has demonstrated a strong commitment to serving our customers and growing our business. Rodrigo adopts a talented intermodal sales team, and the consolidation of our automotive and intermodal business units creates a single organization aligned with our customers’ needs and the KCS cross-border growth strategy,” said KCS executive vice president and chief marketing officer Michael J. Naatz. “As a service-oriented leader, I’m very confident in his ability to work with the team to find innovative solutions that benefit our customers and KCS.”
Mr. Flores joined the predecessor to KCSM in 1997 as a manager in external reporting. He joined KCSM’s treasury department as director in 2000 where he served until 2006 when he accepted a position as assistant vice president and assistant treasurer at KCS corporate headquarters in Kansas City. Mr. Flores transitioned from treasury and into sales and marketing as assistant vice president of the automotive business unit where he has served since 2016. He has been vice president automotive since September 2019.
Mr. Flores has over 20 years of transportation experience complemented by a senior auditor position with Price Waterhouse in Mexico City prior to joining KCSM. He holds a bachelor in accounting from the Banking and Commerce School (Escuela Bancaria y Comercial/ EBC) and studied business administration from the Mexico Autonomous Institute of Technology (Instituto Tecnológico Autónomo de México - ITAM).
Headquartered in Kansas City, Mo., KCS is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS' North American rail holdings and strategic alliances with other North American rail partners are primary components of a unique railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada. More information about KCS can be found at www.kcsouthern.com
C. Doniele Carlson, 816-983-1372, This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Drill Collar Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The drill collar market is expected to register a CAGR of over 1% during the forecast period of 2020-2025.
Factors, such as increased exploration activity and focus on development of new oil and gas fields, are expected to help drive the market for drill collar. However, the volatile nature of oil prices in recent years led to decreased exploration activity causing a slowdown of the drill collar systems market.
Companies Mentioned
Key Market Trends
Onshore to Dominate the Market
North America to Dominate the Market Growth
Key Topics Covered:
1 INTRODUCTION
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Active Rig Count, till 2019
4.4 Historic and Demand Forecast of Upstream CAPEX in USD billion, by Onshore and Offshore, 2017-2025
4.5 Recent Trends and Developments
4.6 Market Dynamics
4.6.1 Drivers
4.6.2 Restraints
4.7 Supply Chain Analysis
4.8 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Type
5.1.1 Standard Steel Drill Collar
5.1.2 Non-magnetic Drill Collar
5.2 Deployment
5.2.1 Onshore
5.2.2 Offshore
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 South America
5.3.5 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/a5jhhf
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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