DUBLIN--(BUSINESS WIRE)--The "Upstream Oil & Gas Start-ups Tracker - Issue 17" report has been added to ResearchAndMarkets.com's offering.
Each issue contains detailed company profiles, an analyst viewpoint, and an overall score for every start-up included. In addition, the analyst provides guidance on potential acquisitions, investments, partnerships, and implementation for clients.
The upstream oil & gas industry is increasingly focused on cutting costs and improving recovery rates through radical innovation and digital transformation.
The Start-ups Tracker is a resource to help the upstream industry identify solution providers with specific solutions to industry challenges. The tracker provides a rich database of start-up companies that have an industrial application or an application for another industry that can be translated to upstream oil & gas.
Key Topics Covered:
1. Executive Summary
2. Companies to Action
For more information about this report visit https://www.researchandmarkets.com/r/1ancag
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DUBLIN--(BUSINESS WIRE)--The "Norway Offshore Oil & Gas Decommissioning Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The Norway offshore oil & gas decommissioning market is expected to grow at a CAGR of more than 1.5% over the forecast period.
When oil and gas fields end production, their facilities need to be removed and disposed off or recycled, a process is known as decommissioning. Decommissioning of offshore structures is a highly complex and technical exercise that poses significant health and safety challenges. The process encompasses the planning, approval, implementation, removal, and disposal or re-use of an offshore structure. Factors such as maturing oil & gas fields, low oil prices, and aging infrastructure are driving Norway offshore oil & gas decommissioning market. However, volatile oil prices are likely to restrain the growth of the market during the forecast period.
Topsides segment is expected to dominate in the Norway offshore oil & gas decommissioning market during the forecast period. Innovative technology for landscape reversal and an increasing amount of investments in the oil & gas industry is expected to provide opportunities in the target market in the future. Increasing offshore oil & gas production activities and aging infrastructure is expected to drive the Norway offshore decommissioning market over the forecast period.
Key Market Trends
Topsides Segment is Expected to Dominate the Market
Offshore decommissioning refers to ending oil & gas operations on offshore platforms and restoring marine life and seafloor to its pre-production conditions.
Increasing Offshore Oil and Gas Activities and Aging Infrastructure to Drive the Market
The North Sea is endowed with a thriving oil and gas industry which has benefited the surrounding nations and their economies for many years and will for many more to come. Norway covers around 20% of North Sea fields.
Competitive Landscape
The Norway offshore oil & gas decommissioning market is consolidated. Some of the major players in the market include AF Gruppen ASA, Aker Solutions ASA, Equinor Energy AS, DNV GL, and Spirit Energy Limited.
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 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 PESTLE Analysis
5 MARKET SEGMENTATION
5.1 Service
5.1.1 Well Plugging & Abandonment
5.1.2 Platform Removal
5.1.3 Others
5.2 Depth
5.2.1 Shallow
5.2.2 Deepwater and Ultra-Deepwater
5.3 Structure
5.3.1 Topsides
5.3.2 Substructure
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 AF Gruppen ASA
6.3.2 Aker Solutions ASA
6.3.3 Equinor Energy AS
6.3.4 Spirit Energy Limited
6.3.5 DNV GL
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/hba37m
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MILLBRAE, Calif.--(BUSINESS WIRE)--Stem, Inc., (“Stem” or “the Company”), a global leader in artificial intelligence (AI)-driven clean energy storage systems, and Star Peak Energy Transition Corp. (“Star Peak”) (NYSE: STPK), a publicly-traded special purpose acquisition company, announced today a definitive agreement for a business combination that will result in Stem becoming a public company. Upon closing of the transaction, the combined company will be named Stem and remain listed on the New York Stock Exchange under the new ticker symbol “STEM.” The combined company will be led by John Carrington, Chief Executive Officer of Stem.
Founded in 2009, Stem is an industry leading provider of AI-driven energy storage systems and market leader in the clean energy ecosystem. The Company generates revenue by providing customers with integrated energy storage systems, long-term recurring software services and energy market participation through its proprietary software platform, called Athena™, which enables AI-automated system operations. The Company empowers its customers and partners to optimize energy usage by automatically switching between battery power, onsite generation and grid power. Its storage solutions address a $1.2 trillion opportunity for leading fortune 500 companies, commercial and industrial customers, independent power producers and renewable asset owners, among others.
Stem’s smart energy storage technology solves many of the challenges facing today’s dynamic power market and is well positioned to manage the increasing decentralization and democratization of the electric grid, significantly accelerating renewable growth and virtual power plants. Stem’s network of energy storage systems supports utilities in reducing the dependency on conventional power sources. The network helps alleviate grid intermittency issues and promotes the adoption of renewable energy generation as a replacement for fossil fuels while supporting customers in meeting their ESG goals.
Management Commentary:
John Carrington, Chief Executive Officer of Stem, commented, “This transaction is transformative for us and we expect it to significantly accelerate our growth. Stem is a market leader and our Athena™ software platform is proven in the U.S., Japan and Canadian markets, and this merger will enable expansion to several additional global markets. Our systems deliver value to our customers by lowering energy costs, enhancing renewable returns, and meeting ESG and sustainability goals, while increasing grid reliability. We are excited to partner with the Star Peak team and share a collective vision. The balance sheet strength of the combined company will empower Stem to expand its technological leadership and geographic reach. We look forward to creating long-term value for our customers, employees and shareholders as a public company.”
Mike Morgan, Chairman of Star Peak who will join Stem’s Board of Directors, said, “Stem is a leader in one of the fastest growing markets in clean energy and the first pure play smart energy storage company to go public. Stem and its highly experienced management team perfectly align with Star Peak’s mission to provide growth capital to a market-leading business focused on climate change initiatives, emissions reductions and energy efficiency. In support of global decarbonization objectives, the entire power grid is being decentralized and democratized. We believe Stem is at the epicenter of this clean energy transition and its AI-driven software systems will be critical in accelerating renewables adoption and addressing climate change.”
Eric Scheyer, Chief Executive Officer of Star Peak, commented, “Stem is an exceptional investment opportunity. We completed an extensive due diligence process and view Stem as a market leader in one of the most exciting segments of the clean energy ecosystem. The Star Peak team has significant experience investing in the broader energy infrastructure, renewables and technology sectors, and we believe Stem represents a highly compelling opportunity to capitalize on the scarcity of high-quality, public clean energy companies with attractive ESG characteristics, significant scale and visible growth.”
Stem Investment Highlights:
Transaction Overview
The business combination values the combined company at a $1.35 billion pro forma equity value, at a price of $10.00 per Star Peak share and assuming no redemptions by Star Peak shareholders. The transaction will provide $608 million of gross proceeds to the company, assuming no redemptions, including a $225 million fully committed common stock PIPE at $10.00 per share anchored by existing and new investors, including funds and accounts managed by BlackRock, Van Eck Associates Corporation, Adage Capital Management, L.P., Electron Capital Partners, and Senator Investment Group.
The Boards of Directors of each of Stem and Star Peak have unanimously approved the transaction. The transaction will require the approval of the stockholders of both Stem and Star Peak, and is subject to other customary closing conditions, including the receipt of certain regulatory approvals. The transaction is expected to close in the first quarter of 2021. All Stem shareholders will roll 100% of their equity holdings into the new public company.
Additional information about the proposed transaction, including a copy of the merger agreement and investor presentation, will be provided in a Current Report on Form 8-K to be filed by Star Peak with the Securities and Exchange Commission and will be available on the Stem investor relations page at www.stem.com/investors and at www.sec.gov.
Advisors
Goldman Sachs & Co. LLC is serving as exclusive financial advisor to Star Peak. Goldman Sachs & Co. LLC and Credit Suisse Securities (USA) LLC are serving as joint capital markets advisors to Star Peak and serving as co-placement agents on the PIPE offering. Kirkland & Ellis LLP is serving as legal advisor to Star Peak. Morgan Stanley & Co. LLC is serving as lead financial advisor to Stem, Nomura Greentech is serving as a financial advisor to Stem, and Gibson, Dunn & Crutcher LLP as well as Wilson, Sonsini, Goodrich & Rosati are serving as legal advisors to Stem.
Investor Conference Call Information
Star Peak and Stem will host a joint investor conference call to discuss the proposed transaction Friday, December 4, 2020 at 8:30am ET.
Interested parties may listen to the prepared remarks call via telephone by dialing 877-407-0784, or for international callers, 201-689-8560. A telephone replay will be available until December 18, 2020 by dialing 844-512-2921, or for international callers, 412-317-6671 and entering the passcode 13713852.
About Stem
Stem provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena™, a world-class artificial intelligence (AI)-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation and grid power. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility and innovation. Stem also offers full support for solar partners interested in adding storage to standalone, community or commercial solar projects – both behind and in front of the meter.
Headquartered in Millbrae, Calif., Stem is directly funded by a consortium of leading investors including Activate Capital, Angeleno Group, BNP Paribas, Constellation Technology Ventures, Copec, Iberdrola (Inversiones Financieras Perseo), GE Ventures, Magnesium Capital, Mithril Capital Management, Mitsui & Co. LTD., Ontario Teachers’ Pension Plan, RWE Supply & Trading, Temasek and Total Energy Ventures. For more information, visit www.stem.com.
About Star Peak Energy Transition Corp.
Star Peak is a blank check company incorporated in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Star Peak is led by a management team with extensive experience investing in the energy, energy infrastructure and renewables sectors, including Chairman, Michael Morgan and Chief Executive Officer, Eric Scheyer. Michael Morgan is Chairman and Chief Executive Officer at Triangle Peak Partners LP and currently serves as a director of Sunnova Energy International (NYSE: NOVA) and lead director of Kinder Morgan, Inc. (NYSE: KMI), one of the largest energy infrastructure companies in North America, a company he joined at its founding in 1997. Eric Scheyer is a Partner at Magnetar and has served as the Head of the Magnetar Energy and Infrastructure Group since its inception in 2005. For more information, visit www.starpeakcorp.com.
Forward-Looking Statements
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events of Star Peak or Stem’s future financial or operating performance. For example, projections of future revenue and other metrics are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “or“ or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Star Peak and its management, and Stem and its management, as the case may be, are inherently uncertain factors that may cause actual results to differ materially from current expectations include, but are not limited to: 1) the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive merger agreement with respect to the business combination; 2) the outcome of any legal proceedings that may be instituted against Star Peak, the combined company or others following the announcement of the business combination and any definitive agreements with respect thereto; 3) the inability to complete the business combination due to the failure to obtain approval of the stockholders of Star Peak, to obtain financing to complete the business combination or to satisfy other conditions to closing; 4) changes to the proposed structure of the business combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the business combination; 5) the ability to meet the NYSE’s listing standards following the consummation of the business combination; 6) the risk that the business combination disrupts current plans and operations of Stem as a result of the announcement and consummation of the business combination; 7) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; 8) costs related to the business combination; 9) changes in applicable laws or regulations; 10) the possibility that Stem or the combined company may be adversely affected by other economic, business and/or competitive factors; 11) Stem’s estimates of its financial performance; 12) the impact of the novel coronavirus disease pandemic and its effect on business and financial conditions; and 13) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Star Peak’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2020. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither Stark Peak nor Stem undertakes any duty to update these forward-looking statements, except as otherwise required by law.
Important Information for Investors and Stockholders
In connection with the proposed transaction, Star Peak will file a registration statement on Form S-4 (the “Registration Statement”) with the SEC, which will include a preliminary proxy statement to be distributed to holders of Star Peak’s common stock in connection with Star Peak’s solicitation of proxies for the vote by Star Peak’s stockholders with respect to the proposed transaction and other matters as described in the Registration Statement, as well as the prospectus relating to the offer of securities to be issued to Stem’s stockholders in connection with the proposed transaction. After the Registration Statement has been filed and declared effective, Star Peak will mail a definitive proxy statement, when available, to its stockholders. Investors and security holders and other interested parties are urged to read the proxy statement/prospectus, any amendments thereto and any other documents filed with the SEC carefully and in their entirety when they become available because they will contain important information about Star Peak, Stem and the proposed transaction. Investors and security holders may obtain free copies of the preliminary proxy statement/prospectus and definitive proxy statement/prospectus (when available) and other documents filed with the SEC by Star Peak through the website maintained by the SEC at http://www.sec.gov, or by directing a request to: Star Peak Energy Transition Corp., 1603 Orrington Ave., 13 Floor, Evanston, IL 60201. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.
Use of Projections
This press release contains financial forecasts of Stem. Neither Stem’s independent auditors, nor the independent registered public accounting firm of Star Peak, audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this press release, and accordingly, neither of them expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this press release. These projections should not be relied upon as being necessarily indicative of future results. The projected financial information contained in this press release constitutes forward-looking information. The assumptions and estimates underlying such projected financial information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. See “Forward-Looking Statements” above. Actual results may differ materially from the results contemplated by the projected financial information contained in this press release, and the inclusion of such information in this press release should not be regarded as a representation by any person that the results reflected in such projections will be achieved.
Participants in the Solicitation
Star Peak and its directors and officers may be deemed participants in the solicitation of proxies of Star Peak’s shareholders in connection with the proposed business combination. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Star Peak’s executive officers and directors in the solicitation by reading Star Peak’s final prospectus filed with the SEC on August 19, 2020, the registration statement / proxy statement and other relevant materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of Star Peak’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the registration statement / proxy statement relating to the business combination when it becomes available.
Investor – Stem
Marc Silverberg, ICR, Inc.
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Media Contact – Stem
Cory Ziskind, ICR, Inc.
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Star Peak
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LONDON--(BUSINESS WIRE)--#GlobalSandControlSystemsMarket--The global sand control systems market size is poised to grow by USD 418.62 million during 2020-2024, progressing at a CAGR of almost 3% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
One of the primary factors that is driving the growth of the Sand Control Systems Market is the growth in oil rig count. The global rig count is rising with a gradual increase in onshore and offshore projects. With the stabilization in crude oil prices and growing rig count, the exploration and drilling projects that were put on hold, are likely to resume. This will eventually result in the growth of this market.
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Report Highlights:
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Changing business models of upstream oil and gas companies will be a Key Market Trend
With the gradual stabilization in the oil and gas prices, the oil and gas majors are willing to resume exploration and production activities that were reduced during the slump years. This will result in the changing of business modules to increase production and the development of new business models will help sustain during the crude oil volatility phase. These approaches will help in the growth of the sand control systems market during the forecast period.
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Sand Control Systems Market 2020-2024: Key Highlights
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Awarded the Highest 5-Star Rating, Ninth Consecutive “Green Star” Recognition, and an “A” Disclosure Score
BOSTON--(BUSINESS WIRE)--Boston Properties, Inc. (NYSE: BXP), the largest publicly-traded developer, owner and manager of Class A office properties in the United States, today announced that it has earned a top ESG rating in the 2020 Global Real Estate Sustainability Benchmark (GRESB®) assessment. BXP earned a ninth consecutive “Green Star” recognition and the highest GRESB 5-star Rating, as well as an “A” disclosure score. The Company also achieved the highest scores in several categories, including: Data Monitoring & Review, Targets, Policies, Reporting and Leadership.
“Despite the challenges of 2020, we maintained our steadfast commitment to sustainable development and operations. ESG has been and will continue to be core to everything we do, from development to leasing to operations. BXP’s continued recognition as a leader in ESG is a point of pride for our employees and our communities and is an important consideration for our customers and shareholders,” said Owen Thomas, CEO of BXP. “I am proud of this recognition and of our ability to deliver positive environmental, social and economic outcomes for all our stakeholders.”
The Company has certified more than 24 million square feet of its current in-service portfolio at the highest LEED certification levels of Gold and Platinum. BXP has publicly announced sustainability goals and has implemented energy conservation projects and other measures in actively managed office buildings that have reduced greenhouse gas emissions intensity by 70% and site energy use intensity by 27% since 2008. The Company has aligned its emissions reduction targets with climate science and, in 2020, completed the Science Based Targets Initiative approval process.
“GRESB remains the most comprehensive real estate ESG assessment,” said Ben Myers, Vice President of Sustainability, BXP. “Our 2020 top rating and perennial leadership position is the result of collective action across the company. We’re focused on climate action, resilience, social good and governance excellence. We will continue to implement policies, programs and projects for people and planet.”
The GRESB Real Estate Assessment is the investor-driven global ESG benchmark and reporting framework for real estate. The Assessment is shaped by what investors and the industry consider to be material issues in the sustainability performance of real estate investments. The methodology is consistent across different regions, investment vehicles and property types and aligns with international reporting frameworks. The data is self-reported by Assessment participants and subjected to a multi-layer validation process after which it is scored and benchmarked. The result is high-quality data that investors and participants can use in their investment, engagement and decision-making processes.
BXP’s commitment to sustainable development and operations has been recognized by numerous industry groups, including the Company’s designation as a 2020 ENERGY STAR Partner of the Year. The Company completed its Fitwel Champion commitments and was named a 2020 Best in Building Health award winner. BXP was also named one of America’s Most Responsible Companies by Newsweek magazine, ranking 122nd on Newsweek's 2020 list of America’s 300 Most Responsible Companies, the second highest ranking given to a public REIT and the highest ranking of any office company.
About Boston Properties
Boston Properties (NYSE: BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets - Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space. The Company’s portfolio totals 51.2 million square feet and 196 properties, including seven properties under construction. For more information about Boston Properties, please visit our website at www.bxp.com.
At the Company
Laura Sesody
Vice President, Corporate Marketing & Communications
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Sara Buda
Vice President, Investor Relations
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LONDON--(BUSINESS WIRE)--#BatterySeparatorMarket--The global battery separator market size is expected to grow by USD 2.74 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 13%. Request Free Sample Report on COVID-19 Impacts
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The market is driven by the shift in the automotive industry to EVs. In addition, the declining costs of battery storage systems is anticipated to boost the growth of the Battery Separator Market.
The rising environmental concerns and increased GHG emissions have compelled several countries to rethink the use of fossil fuels in the transportation sector. Electric vehicles (EVs) are the only possible replacement for fossil-powered vehicles. Thus, several countries are introducing directives to moderate the shift in the automotive industry from diesel and petrol vehicles to EVs. The increasing sales of EVs are driving the demand for batteries, which will significantly contribute to the growth of the battery separator market during the forecast period.
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Major Five Battery Separator Companies:
Asahi Kasei Corp.
Asahi Kasei Corp. has business operations under three segments, such as material, homes, and health care. The company offers lead acid battery separator under the brand, Daramic.
Dreamweaver International
Dreamweaver International offers battery separators, which deliver the lowest internal resistance for high rate cells, including super-capacitors. The company offers battery separators under the brands, Dreamweaver Titanium and Dreamweaver Gold.
DuPont de Nemours Inc.
DuPont de Nemours Inc. operates its business through various segments such as electronics and imaging, nutrition and bioscience, transportation and industrial, safety and construction, and non-core. The company offers nanofiber-based separators for lithium-ion batteries.
Freudenberg SE
Freudenberg SE has business operations under various segments such as seals and vibration control technology, technical textiles and filtration, cleaning technologies and products, and specialties. The company offers a wide range of ceramic impregnated battery separators for lithium ion batteries, supercapacitors and related energy storage devices.
Hokuetsu Corp.
Hokuetsu Corp. operates its business through two segments: paper and pulp; and packaging and paper processing. The company offers battery separators under the brand, AGM.
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Battery Separator Market Type Outlook (Revenue, USD bn, 2020-2024)
Battery Separator Market Regional Outlook (Revenue, USD bn, 2020-2024)
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About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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DUBLIN--(BUSINESS WIRE)--The "Global Oilfield Biocides Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The oilfield biocides market is poised to grow by $ 125.13 mn during 2020-2024 progressing at a CAGR of 4% during the forecast period.
The market is driven by the increasing adoption of oxidizing oilfield biocides, and increasing focus and demand for oil production from unconventional oilfield reserves.
This study identifies the increasing problems associated with microbial growth in the water and oilfield industries as one of the prime reasons driving the oilfield biocides market growth during the next few years.
The reports on oilfield biocides 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 oilfield biocides market analysis includes type segment and geographical landscapes
The 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 oilfield biocides market vendors that include Akzo Nobel NV, BASF SE, Clariant International Ltd., Dow Inc., DuPont de Nemours Inc., Evonik Industries AG, Halliburton Co., Kemira Oyj, Solvay SA, and The Lubrizol Corp..
Also, the oilfield biocides 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.
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
For more information about this report visit https://www.researchandmarkets.com/r/73ugkr
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LONDON--(BUSINESS WIRE)--#oilandgascompanies--Why are oil and gas industry players struggling with many operational risks, and what is the ideal sustainable solution? Various factors, such as fluctuating oil prices, changing policies regarding fossil fuels, international trade disputes, and market volatility, pose severe challenges for oil and gas companies. Infiniti’s operational risk analysis solution provides companies with comprehensive insights regarding potential risks, enables them to develop sustainable strategies, and provides them with long-term solutions for enhanced efficiency, reduce costs, and decreased operational risks. To leverage Infiniti’s operational risk analysis solution for data-driven insights into potential operational risks in the oil and gas industry and sustainable, unparalleled mitigation strategies, request a free proposal.
“Owing to the rising risks in the oil and gas industry, companies are finding it challenging to sustain a leading edge in today’s competitive marketplace. As such, identifying and mitigating major risks in the industry are becoming vital for oil and gas companies to stay ahead of the curve,” says an oil and gas industry expert at Infiniti Research.
Business Challenge:
The client is a European oil and gas company and witnessed a decline in profitability and a negative impact on their operational efficiency and production capacity. Factors such as the volatile raw material prices, supply-demand mismatch, and inability to expand reserves were causing these challenges. To address these obstacles, the oil and gas industry client sought to partner with Infiniti Research and leveraged our expertise in offering operational risk analysis. During the ten-week engagement, the client also wanted to tackle operational risks and reduce their impact and take initiatives to mitigate financial risk.
Our Approach:
Infiniti’s operational risk analysis experts developed a comprehensive approach to help the oil and gas industry client tackle these challenges. The process included the following:
Speak to industry experts to understand the impact of a comprehensive operational risk analysis solution and learn how it helps oil and gas companies address and overcome potential operational risks, reduce operating cost, and enhance efficiency.
Business Outcome:
With the insights gained from Infiniti’s operational risk analysis solution, the oil and gas company efficiently identified current and potential risks impacting their business and categorized them according to severity. Consequently, the client was able to develop and implement an efficient operational risk management strategy. Additionally, our operational risk analysis solution enabled the client to improve operational efficiency substantially, and in turn, realize over $2.7 million in savings in their operational cost.
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to analyze competitive activity, see beyond market disruptions and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us
Infiniti Research
Anirban Choudhury
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LONDON--(BUSINESS WIRE)--#chineseoilandgas--The COVID-19 pandemic has taken a substantial toll on the transportation, automotive, and oil and gas industry due to national lockdowns and new remote work systems. The Chinese oil and gas industry was among the first to be impacted, being the first geographical region to be affected, and the virus's widespread nature. The economic impact has led to a reduction in prices, reduced automotive usage, and changed consumers’ traveling and expense patterns, taking a further toll on the industry. Therefore, top industry players are now aiming to forecast and prepare for changes in demand in the post-COVID era and making necessary changes within their supply chains, inventory, and cash flow strategies to achieve a strong recovery after this crisis. Infiniti’s market potential analysis helps companies in the Chinese oil and gas industry analyze the expected demand in the post-COVID era and make the necessary adjustments to achieve operational excellence.
To leverage Infiniti’s market potential analysis for comprehensive insights into the demand, ideal supply chain strategies, and inventory management solutions for the Chinese oil and gas industry in the post-COVID era, request a free proposal.
“To maintain a superior level of operational excellence in the post-COVID-19 era, oil and gas companies must also consider some critical factors including crisis management, reliability, productivity, supply chain management, and cost optimization,” says an oil and gas industry expert at Infiniti Research.
Business Challenge:
The client, a leading Chinese oil and gas industry client, struggled due to production and price declines caused by the jarring COVID-19 pandemic. With various operational and financial challenges in the market, the client also suffered from supply chain vulnerabilities, cash flow constraints, and workforce management obstacles. The geographically fragmented supplier base and lack of visibility into their supply chain and spend led to further complications. Therefore, the Chinese oil and gas industry client sought to partner with Infiniti Research, leverage our expertise in offering market potential analysis, and re-evaluate their operations. During the nine-week engagement, the oil and gas industry player also wanted to optimize spend analysis, divest from under-performing assets, and adjust cash flow management.
Our Approach:
Infiniti’s market potential analysis experts developed a five-phased approach to assist the Chinese oil and gas industry client, that included the following processes:
Business Outcome:
By leveraging Infiniti’s market potential analysis, the Chinese oil and gas industry client improved spend data quality and accuracy and gained complete visibility into streamlined processes and procurement. By forecasting potential post-COVID market demand, the client reduced their capacity and cost structure and reduced operating costs by outsourcing corporate processes, such as shifting non-core functions to contractors. Further, the Chinese oil and gas industry player identified alternative suppliers and safeguarded their supply chain operations by gaining a comprehensive understanding of supply chain risks and identifying local suppliers to support them during a crisis. The client identified new ways to reduce cash outflow and adjusted their inventory for the post-COVID era by reviewing their inventory position and assessing supply chain complexities.
Speak to industry experts to leverage our market potential analysis and prepare for the post-COVID era in the oil and gas industry by adjusting inventory, re-evaluating cash outflow, and devising strategies to improve employee safety.
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to analyze competitive activity, see beyond market disruptions and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us
Press Contact
Infiniti Research
Anirban Choudhury
Marketing Manager
US: +1 844 778 0600
UK: +44 203 893 3400
https://www.infinitiresearch.com/contact-us
LONDON--(BUSINESS WIRE)--#ContainerLeasingMarket--The container leasing market is poised to grow by 26.35 million teu during 2020-2024, progressing at a CAGR of almost 17% during the forecast period.
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The report on the container leasing market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by growth in international containerized seaborne trade.
The container leasing market analysis includes type segment and geography landscape. This study identifies the rising dominance of leasing players in the global reefer container market as one of the prime reasons driving the container leasing market growth during the next few years.
This report 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 container leasing market covers the following areas:
Container Leasing Market Sizing
Container Leasing Market Forecast
Container Leasing Market Analysis
Companies Mentioned
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Global Healthcare Equipment Leasing Market: The healthcare equipment leasing market size has the potential to grow by USD 17.14 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get a FREE Sample Report in Minutes!
Global Car Leasing Market: The car leasing market size has the potential to grow by 18.38 million units during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth. Click and Get FREE Sample Report in Minutes!
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by container type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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ATHENS, Greece--(BUSINESS WIRE)--In its annual research update released on 27 November 2020, S&P upgraded PPC’s stand-alone credit profile (SACP) upward by two notches to ‘B’ from ‘CCC+’, resulting in an overall upgrade of the long-term credit rating of PPC to ‘B’ from ‘B-‘.
According to S&P the two notch upgrade in PPC’s standalone corporate rating confirms that the Company’s strategic repositioning and the improved Greek energy market fundamentals have transformed its competitive position, reducing past concerns over its liquidity and long-term sustainability.
The ‘Stable’ outlook underscores S&P’s expectation that PPC will continue to deliver on its transformation plan, with solid liquidity and improved margins. PPC’s strategic plan to convert its generation mix toward lower carbon dioxide (CO2) emissions improve its fleet competitiveness and long-term prospects.
As mentioned in their report, S&P expects a substantial increase in EBITDA and improvement in credit metrics on the back of higher profitability as PPC accelerates the closure of its lignite generation plants and shifts its competitive position in the retail market.
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PUBLIC POWER CORPORATION S.A.
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CPUC Approves Most Aspects of 2020 General Rate Case Multi-Party Settlement Agreement Reached in 2019
Investments Include Efforts to Further Reduce Customer Impacts of Public Safety Power Shutoffs
Company Proposes Cost Savings Initiatives to Help Reduce Customer Costs
SAN FRANCISCO--(BUSINESS WIRE)--Today, the California Public Utilities Commission (CPUC) approved most aspects of a multi-party settlement agreement between Pacific Gas and Electric Company (PG&E or the Utility) and customer advocacy, labor and safety groups that resolved PG&E’s 2020-2022 General Rate Case (GRC), which includes the Utility’s ongoing efforts to reduce wildfire risk and to continue delivering safe and reliable service to customers.
The GRC decision enables necessary investment in PG&E’s electric and gas distribution systems and power generation infrastructure, including investments to reduce the risk of catastrophic wildfires through electric system hardening, enhanced vegetation management, system automation, and asset inspection and repair.
The GRC also enables PG&E to continue its efforts to make Public Safety Power Shutoff (PSPS) events smaller in size, shorter in duration and smarter in execution. Those efforts include devices that limit the size of outages to impact fewer customers; temporary generators to provide power to essential services and communities that would otherwise be shut off for safety; crews for inspection and restoration efforts; and customer notifications in 13 languages that provide estimates about when power will be shut off and restored.
“The safety of our customers and communities we are privileged to serve is where everything begins for PG&E. It’s our most important responsibility. We want to work to exceed our customers’ expectations when it comes to safely and reliably delivering clean energy, reducing wildfire risk in an ever-changing climate, and building a safe and sustainable energy system. We are pleased that today’s action by the Commission approves much of the negotiated multi-party settlement, which allows us to continue those efforts and underscores our commitment to the 16 million people we serve,” said Robert Kenney, PG&E Vice President, Regulatory and External Affairs.
Reducing Wildfire Risk
Among the important wildfire safety investments funded by the GRC are the following components of PG&E’s Community Wildfire Safety Program:
While the 2020 GRC will help fund a series of important safety investments, it will not fund legal claims resulting from the 2017 and 2018 Northern California wildfires. It also will not fund any PG&E Corporation or Utility officer compensation.
With the CPUC approval of the settlement agreement, the average monthly bill for a typical residential electric and gas customer will increase by $13.44 a month. This includes $10.40 for electric and $3.05 for gas service. The 2020 GRC rate change, which incorporates bill impacts for 2020 and 2021, will be effective March 1, 2021 and will impact rates until Dec 31, 2022.
”PG&E’s commitment is to keep customer costs as low as possible while meeting our responsibilities to safely serve our customers, even as our changing climate presents significant new challenges and risks,” Kenney said.
Cost Savings Initiatives to Help Reduce Customer Costs
To help reduce customer costs, PG&E has identified an estimated average savings of $1 billion per year in operational costs through 2025 from various cost savings initiatives. Cost savings initiatives include the sale of PG&E’s San Francisco General Office headquarters and move to Oakland, sale of surplus property, sale of excess renewable energy, renegotiation of Power Purchase Agreements, strategic sourcing, and workforce management. These savings will help moderate the expected increase in customer bills to support infrastructure investment.
How Customers Can Save Money on Energy Bills
PG&E offers energy management tools and rate options to help customers reduce their energy usage and maximize their energy cost savings. Here are four ways customers can take control of their energy use:
For more tips on how to save energy, visit pge.com/everydaytips.
To take advantage of additional programs, tools and savings opportunities, PG&E recommends customers become more familiar with the following:
Forward-Looking Statements
This news release contains forward-looking statements that are not historical facts, including statements about the beliefs, expectations, estimates, future plans and strategies of the Utility, including but not limited to statements regarding the Utility’s efforts in connection with its PSPS events, reducing wildfire risk, estimated average savings of $1 billion per year in operational costs through 2025, and cost savings initiatives. These statements are based on current expectations and assumptions, which management believes are reasonable, and on information currently available to management, but are necessarily subject to various risks and uncertainties. In addition to the risk that these assumptions prove to be inaccurate, factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include factors disclosed in PG&E Corporation and the Utility’s joint annual report on Form 10-K for the year ended December 31, 2019, their joint quarterly reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020, September 30, 2020, and other reports filed with the SEC, which are available on PG&E Corporation's website at www.pgecorp.com and on the SEC website at www.sec.gov. Additional factors include, but are not limited to, those associated with the Plan of Reorganization of PG&E Corporation and the Utility that became effective on July 1, 2020. PG&E Corporation and the Utility undertake no obligation to publicly update or revise any forward-looking statements, whether due to new information, future events or otherwise, except to the extent required by law.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 20,000 employees, the company delivers some of the nation’s cleanest energy to 16 million people in Northern and Central California. For more information, visit www.pge.com and www.pge.com/news.
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DUBLIN--(BUSINESS WIRE)--The "Denmark Offshore Oil and Gas Decommissioning Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The offshore oil and gas decommissioning market in Denmark is expected to grow at a CAGR of more than 6% during the forecast period of 2020-2025.
The maturing offshore fields and aging wells are moving towards the dry phase, driving the market of well decommissioning. With the increase in restrictive regulations, and the rising associated cost of operating aging platforms, the focus of operators on offshore decommissioning is increasing at a significant rate. On the other hand, the ongoing global pandemic of COVID-19 is likely to affect different operations and businesses and is expected to restrain the market growth.
With declining offshore fields in shallow water, the decommissioning of wells and platforms in shallow water are expected to dominate the market.
The European Union is shifting towards renewable energy, resulting in a decline in the share of oil and gas. Additionally, in the future, deepwater fields are expected to undergo dry phase. With these opportunities in the decommissioning market are expected to grow.
Abandonment of wells is expected to drive the market significantly. A large number of wells in the North Sea are expected to be abandoned during the forecast period.
Key Market Trends
Shallow Water Projects to Dominate the Market
Most of the shallow fields in Denmark are under the declining phase, which is expected to create demand for decommissioning services in shallow water.
Plug and Abandonment Operations to Dominate the Market
The well plugging & abandonment segment is expected to be the largest market, by service during the forecast period. This growth is evident owing to crucial activity to be performed regardless of decommissioning type; it ensures that oil wells do not have any kind of leakage after the cessation of production.
Competitive Landscape
The Denmark offshore oil and gas decommissioning market is consolidated. Some of the major companies include Bureau Veritas SA., Bureau Veritas SA, AF Gruppen ASA, A.P. Moeller Maersk A/S, and Saipem S.p.A.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 PESTLE Analysis
5 MARKET SEGMENTATION
5.1 Water Depth
5.1.1 Shallow Water
5.1.2 Deepwater and Ultra-Deepwater
5.2 Operation
5.2.1 Plug and Abandonment
5.2.2 Topside Substructure and Subsea Infrastructure Removal
5.2.3 Others
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Halliburton Company
6.3.2 Aker Solutions ASA
6.3.3 Bureau Veritas SA
6.3.4 A.P. Moller - Maersk B A/S
6.3.5 Saipem S.p.A.
6.3.6 AF Gruppen ASA
6.3.7 Schlumberger Limited
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/65vdy9
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SAN DIEGO--(BUSINESS WIRE)--#clear--A team of leading resilience experts — XENDEE Corporation, RAND Corporation, Converge Strategies, LLC, and Ridgeline Energy Analytics — will support the Town of West Tisbury and Brigham and Women’s Hospital in their planning and design of climate-resilient energy infrastructure.
This community-level project is funded by the Baker-Polito Administration through the Clean Energy and Resiliency (CLEAR) program, launched by the Massachusetts Clean Energy Center (MassCEC).
“Building on MassCEC’s Community Microgrids program, this program is focused on assisting communities with resilient design studies while at the same time generating a toolkit and certification for all Massachusetts’ communities to reference in the future,” said MassCEC CEO Stephen Pike. “We are excited by both the awarded communities and the technical consultants who will be leading this effort and defining how Massachusetts buildings and communities should pursue resiliency efforts moving forward.”
The CLEAR project team will leverage its mission-focused resilience approach and XENDEE’s energy resilience analysis platform to determine how the town of West Tisbury and Brigham and Women’s Hospital can strengthen their energy infrastructure against extreme weather and grid interruptions to ensure that their lifeline facilities and emergency services are positioned to serve their communities when they are most in need.
“MassCEC’s investments in the CLEAR program reflect the growing recognition among policymakers that building societal resilience has to be done from the bottom-up, one community at a time,” said Benjamin Preston, Senior Policy Researcher at the RAND Corporation. “We are quite excited about this opportunity to work collaboratively with Massachusetts communities, MassCEC, electrical utilities and a talented group of technical experts to facilitate a transition to a more resilient energy future.”
“The lifeline systems that we rely on for electricity, heat, and other critical services are under threat from extreme weather and determined adversaries. Massachusetts is looking to its technology innovators to help keep the lights on when the power goes out utilizing clean energy technologies like solar and storage,” said Wilson Rickerson, Principal of Converge Strategies, LLC.
“With experience in Department of Defense projects, the XENDEE team understands the importance of climate-resilient energy infrastructure. Our platform delivers the decision support technology necessary for community planners to transition toward implementation of renewable energy Fight-Through™ resilient community Microgrids, cost-effectively and at scale," said Adib Naslé, CEO of XENDEE Corporation.
“We are thrilled to be able to provide field support for the Town of West Tisbury and Brigham and Women’s Hospital,” said David Korn, Vice President and Co-Founder of Ridgeline Energy Analytics. “As a Massachusetts-based company, we are committed to local energy efficiency and understand the importance of local communities building resilient energy infrastructure.”
MassCEC is currently soliciting Expressions of Interest from communities interested in participating in the CLEAR Program. For information on how to apply, visit Community Clean Energy and Resiliency Program – Expression of Interest.
About XENDEE
XENDEE develops world-class Microgrid decision support software that helps designers and investors optimize and certify the Fight-Through™ resilience and financial performance of projects with confidence. The XENDEE Microgrid platform enables a broad audience; from business decision makers to scientists, with the objective of supporting investments in Microgrids and maintaining electric power reliability when integrating sources of renewable generation.
About the RAND Corporation
The RAND Corporation is a research organization that develops solutions to public policy challenges to help make communities throughout the world safer and more secure, healthier and more prosperous.
About Converge Strategies, LLC
Converge Strategies, LLC is a consulting company focused on the intersection of clean energy, resilience, and national security. We work to build partnerships between the military, private companies, and governments to accelerate resilience and security in the clean energy transformation.
About Ridgeline Energy Analytics
Ridgeline Energy Analytics is a consulting firm that provides energy data analysis and energy efficiency and renewable energy services to public and private clients across the United States. Ridgeline Energy Analytics is registered provider for North American Board of Certified Energy Practitioners (NABCEP) and is a certified Women’s Business Enterprise (WBE) and certified Woman Owned Small Business (WOSB).
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DUBLIN--(BUSINESS WIRE)--The "Europe Bunker Fuel Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The bunker fuel market in Europe is expected to grow at CAGR of more than 10% during the forecast period of 2020-2025
The increasing preference of LNG-based vessels and growing LNG trade is a significant factor in driving the demand for bunker fuels in Europe during the forecast period. Additionally, increasing maritime export and import in countries like Germany and the United Kingdom, considerable growth is anticipated in the coming years. However, the recent outbreak of COVID-19 has significantly affected the consumption of bunker fuel. With the closure of international and domestic trade movements to curb the spread of the virus, the demand for bunker fuel is expected to decline during the pandemic.
Key Market Trends
VLSFO to Witness Significant Growth
Marine fuel containing less than 0.5% of sulfur is generally termed as very-low sulfur fuel oil. From January 1, 2020, HSFO can only be used in ships having scrubbers installed to reduce the emissions, which will drive the demand of VLSFO.
Germany to Dominate the Market
In an aim to reduce carbon emissions by 2030, Germany has been slowly moving towards LNG bunkering over recent years. In October 2019, Nauticor conducted the first ship-to-ship LNG bunkering operation at the Elbehafen Brunsbuttel, part of Brunsbuttel Ports, Germany.
Competitive Landscape
The Europe bunker fuel market is moderately fragmented. Some of the major companies include Gazprom Neft PJSC, BP PLC, Royal Dutch Shell PLC, Total SA, AP Moeller Maersk A/S.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Fuel Type
5.1.1 High Sulfur Fuel Oil (HSFO)
5.1.2 Very-Low Sulfur Fuel Oil (VLSFO)
5.1.3 Marine Gas Oil (MGO)
5.1.4 Liquified Natural Gas (LNG)
5.1.5 Others
5.2 Vessel Type
5.2.1 Containers
5.2.2 Tankers
5.2.3 General Cargo
5.2.4 Bulk Carrier
5.2.5 Others
5.3 Geography
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 Gazprom Neft PJSC
6.3.2 BP PLC
6.3.3 AP Moeller Maersk A/S
6.3.4 Royal Dutch Shell PLC
6.3.5 Total SA
6.3.6 PJSC Lukoil Oil Company
6.3.7 Exxon Mobil Corporation
6.3.8 Bomin Bunker Holding GmbH & Co. KG
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/9ck5qn
ResearchAndMarkets.com
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LONDON--(BUSINESS WIRE)--#GlobalWetgasMetersMarket--Technavio has been monitoring the wetgas meters market and it is poised to grow by USD 497.60 million during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AMETEK Inc., Emerson Electric Co., Expro Holdings UK2 Ltd., KROHNE Messtechnik GmbH, Raychem RPG Pvt. Ltd., Schlumberger Ltd., SEIL ENTERPRISE Co., Shanghai Cixi Instrument Co. Ltd., TechnipFMC Plc, and Weatherford International Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The increasing importance of fiscal metering has been instrumental in driving the growth of the market. However, uncertainties associated with low crude oil prices might hamper market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts
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Transmission and Distribution (T&D) Equipment Market by Type and Geography - Forecast and Analysis 2020-2024: The transmission and distribution (T&D) equipment market size has the potential to grow by USD 44.17 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
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Industrial Valves Market in Oil and Gas Industry Market by Product and Geography - Forecast and Analysis 2020-2024: The industrial valves market size in oil and gas industry has the potential to grow by USD 4.20 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
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Wetgas Meters Market 2020-2024: Segmentation
Wetgas Meters Market is segmented as below:
Wetgas Meters Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The wetgas meters market report covers the following areas:
This study identifies the rise in demand for renewable energy as one of the prime reasons driving the Wetgas Meters Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Wetgas Meters Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
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.
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LONDON--(BUSINESS WIRE)--#containershippingmarket--The Container Shipping market will register an incremental spend of about $ 36 billion, growing at a CAGR of 3.53% during the five-year forecast period. A targeted strategic approach to Container Shipping sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Download free sample pages
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Insights into buyer strategies and tactical negotiation levers:
Several strategic and tactical negotiation levers are explained in the report to help buyers achieve the best prices for Container Shipping market. The report also aids buyers with relevant Container Shipping pricing levels, pros and cons of prevalent pricing models such as volume-based pricing, spot pricing, and cost-plus pricing and category management strategies and best practices to fulfil their category objectives.
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Table of Content
Executive Summary
Market Insights
Category Pricing Insights
Cost-saving Opportunities
Best Practices
Category Ecosystem
Category Management Strategy
Category Management Enablers
Suppliers Selection
Suppliers under Coverage
US Market Insights
Category scope
Appendix
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LONDON--(BUSINESS WIRE)--#GlobalSolarPVBacksheetMarket--The solar PV backsheet market is expected to grow by USD 2.06 billion, progressing at a CAGR of almost 15% during the forecast period.
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The increasing use of thin-film solar PV modules is one of the major factors propelling the market growth. However, the backsheet-associated PV module failures will hamper growth.
More details: https://www.technavio.com/talk-to-us?report=IRTNTR44547
Solar PV Backsheet Market: Product Landscape
Based on the product, the fluoropolymer segment led the market in 2019. The growth of the segment can be attributed to the superior performance of fluoropolymer products such as low module power loss, less degradation, and the ability to withstand harsh climatic conditions and environmental stresses. The growth of the market in the segment will be significant over the forecast period.
Solar PV Backsheet Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 69% of the market’s overall growth is expected to originate from APAC. Factors such as the adoption and implementation of microgrids, the declining cost of solar power generation, and a shift in focus toward renewables are fostering the growth of the solar PV backsheet market in APAC.
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Related Reports on Utilities Include:
Global Solar Microinverter Market - Global solar microinverter market is segmented by end-user (Residential and Non-residential) and geography (North America, Europe, APAC, South America, and MEA). Click Here to Get an Exclusive Free Sample Report
Global Solar PV Tracker Market - Global solar PV market is segmented by technology (solar PV and CSP), product (single-axis trackers and dual-axis trackers), and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Companies Covered:
What our reports offer:
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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LONDON--(BUSINESS WIRE)--#industrytrends--Economic factors, social impact, and various other situations can severely affect the oil and gas industry and cause major challenges for industry players. To prepare for these changes, industry players must stay updated on current and upcoming oil and gas industry trends and strategize for them accordingly. What are the current oil and gas industry trends, and how can industry players prepare for the same? Infiniti’s experts analyzed the industry and identified four relevant oil and gas industry trends, including the rising need for automation and increased dependency on digital resources. To efficiently strategize for these trends, CIOs in the oil and gas industry must utilize data-driven insights provided by Infiniti’s industry experts and gain a comprehensive understanding of their market. To prepare for upcoming oil and beverage industry trends, and gain an unparalleled strategic advantage, request a free proposal.
The oil and gas industry is susceptible to vast amounts of change and has witnessed various fluctuations in recent years. Constant changes in prices, challenges regarding fossil fuels, and international disputes regarding oil and gas trades are some of the current hurdles witnessed by industry players. These fluctuations have also incited high levels of competition. To stay ahead of the curve, companies need to understand the factors affecting the market and develop strategies to efficiently adapt to upcoming changes. CIOs play a crucial role in strategizing, decision-making for oil and gas industry players and taking advantage of their influence to maintain a strategic edge in this industry. Understanding significant oil and gas industry trends can help CIOs and industry players stay a step ahead of the competition and overcome challenges caused by sudden fluctuations in the market. Therefore, in their recent article, Infiniti’s experts analyzed relevant and upcoming oil and gas industry trends and provided insights to help CIOs strategize comprehensively and efficiently.
Learn how CIOs can transform the industry and propel your organization towards growth and market dominance by reading the complete article.
“CIOs who understand the significant oil and gas industry trends can take advantage of them to enable breakout performance that will differentiate them and their organizations in the years ahead,” says an oil and gas industry expert at Infiniti Research.
Infiniti’s industry experts discussed the following four significant oil and gas industry trends and highlighted the best strategies for CIOs to prepare for the same:
Learn how Infiniti Research helps companies prepare and strategize for relevant oil and gas industry trends, request more information.
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to analyze competitive activity, see beyond market disruptions and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us
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Company Increases Hedging Position for 2021
MIDLAND, Texas--(BUSINESS WIRE)--Ring Energy, Inc. (NYSE American: REI) (“Ring”) (“Company”) announced today it initiated drilling operations on its first new horizontal well in ten months. The Badger 709 B #6XH was spud early Wednesday morning, December 2, 2020, on Ring’s Northwest Shelf (“NWS”) leasehold in Yoakum County, Texas. The well will be a one-and-a-half-mile horizontal San Andres oil well drilled to a vertical depth of approximately 5,000’.
Additionally, Ring Energy, Inc. entered into swap derivative contracts for 2,000 Bopd for calendar year 2021 at a price of $45.37/BO, and two 500 Bopd swaps for calendar year 2021 at a price of $45.38/BO and $45.00/BO, respectively. This brings Ring’s total calendar year 2021 oil hedge position to 7,500 Bopd (see hedge table below).
| Effective | Volume | Floor | Ceiling | |||||||||||
| Commodity | Date | End Date | (Bbl/d) | Structure | Swap Price | Price | Price | |||||||
WTI - Crude |
1/1/2021 |
12/31/2021 |
1,000 |
Costless Collar |
- |
$45.00 |
$52.71 |
|||||||
WTI - Crude |
1/1/2021 |
12/31/2021 |
1,000 |
Costless Collar |
- |
$45.00 |
$55.08 |
|||||||
WTI - Crude |
1/1/2021 |
12/31/2021 |
1,000 |
Costless Collar |
- |
$40.00 |
$55.08 |
|||||||
WTI - Crude |
1/1/2021 |
12/31/2021 |
1,500 |
Costless Collar |
- |
$40.00 |
$55.35 |
|||||||
WTI - Crude |
1/1/2021 |
12/31/2021 |
2,000 |
Swap |
$45.37 |
- |
- |
|||||||
WTI - Crude |
1/1/2021 |
12/31/2021 |
500 |
Swap |
$45.38 |
- |
- |
|||||||
WTI - Crude |
1/1/2021 |
12/31/2021 |
500 |
Swap |
$45.00 |
- |
- |
|||||||
|
|
|
(MMBtu/d) |
|
|
|
|
|||||||
HH-Nat Gas |
1/1/2021 |
12/31/2021 |
6,000 |
Swap |
$2.991 |
- |
- |
|||||||
HH-Nat Gas |
1/1/2022 |
12/31/2022 |
5,000 |
Swap |
$2.726 |
- |
- |
Paul D. McKinney, Chief Executive Officer and Chairman of the Board, commented, “We are excited to end the year drilling on our NWS properties where we can generate exceptional rates-of-return greater than 90% at prevailing oil and natural gas prices. After drilling the Badger #6XH, the drilling rig will move to another horizontal San Andres location currently under construction with plans to drill another well after the New Year. These wells will be paid for out of cash surplus currently on hand.” Mr. McKinney continued by commenting, “We have added more to our hedge position for 2021. It is important during volatile markets like these to protect our future cash flows and strengthen our balance sheet. We intend to allocate the majority of our future cash flow to paying down debt with the remainder being invested in capital projects that maintain or improve our daily production and create additional liquidity.”
Mr. McKinney further added, “Our Bank Borrowing Base Redetermination continues on schedule and we anticipate the results before the Christmas holidays.”
About Ring Energy, Inc.
Ring Energy, Inc. is an oil and gas exploration, development and production company with current operations in Texas and New Mexico. www.ringenergy.com
Safe Harbor Statement
This 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. Forward-looking statements involve a wide variety of risks and uncertainties, and include, without limitations, statements with respect to the Company’s strategy and prospects. Such statements are subject to certain risks and uncertainties which are disclosed in the Company’s reports filed with the SEC, including its Form 10-K for the fiscal year ended December 31, 2019, its Form 10Q for the quarter ended September 30, 2020 and its other filings with the SEC. Readers and investors are cautioned that the Company’s actual results may differ materially from those described in the forward-looking statements due to a number of factors, including, but not limited to, the Company’s ability to acquire productive oil and/or gas properties or to successfully drill and complete oil and/or gas wells on such properties, general economic conditions both domestically and abroad, and the conduct of business by the Company, and other factors that may be more fully described in additional documents set forth by the Company.
David Fowler, President
Ring Energy, Inc.
(432) 682-7464
Bill Parsons
K M Financial, Inc.
(702) 489-4447
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