SASKATOON, Saskatchewan--(BUSINESS WIRE)--Investment and trade opportunities for Saskatchewan and Canada in Bangladesh were the focus of a seminar that took place this week in Saskatoon, jointly hosted by the Bangladesh High Commission to Canada, the Global Institute for Food Security (GIFS) at the University of Saskatchewan (USask) and Ag-West Bio Inc.
In attendance were His Excellency Mizanur Rahman, Bangladesh High Commissioner to Canada, Saskatoon West Member of Parliament Brad Redekopp, City of Saskatoon Mayor Charlie Clark, USask President Peter Stoicheff and others from Saskatchewan, Canada and Bangladesh’s agri-food, industry, research and government sectors.
High Commissioner Rahman highlighted Bangladesh as an emerging trade and investment destination with pro-business and pro-investment policies, vast interconnectedness within the South East Asia region, growing exports, expanding infrastructure and strong domestic demand.
“We are proud of the mutually beneficial relationship we enjoy with Canada and Saskatchewan, and look forward to ample opportunities to further these relationships,” said Rahman.
Key economic sectors in Bangladesh that were highlighted at the seminar include investment opportunities in agri-tech and biotechnology, manufacturing, agri-food processing, mining, farm machinery, information technology, renewable energy and capacity development. Panel discussions explored investment and trade benefits offered in Bangladesh and opportunities for Canadian businesses. Other topics covered the untapped potential of trade and technology between Saskatchewan and Bangladesh.
The half-day seminar was an outcome of a multidisciplinary research, training and development partnership established between the Government of Bangladesh and GIFS in February of 2020, designed to help promote sustainable food security in the country.
Using Saskatchewan’s strengths in the agri-food and biotechnology sectors, the partnership will deliver programs to Bangladesh that are focused on enhancing farmer incomes, addressing the effects of climate change, and strengthening the country’s delivery of the United Nations Sustainable Development Goals, including around reducing hunger and empowering women.
“It is well known that Saskatchewan is a key agricultural producer with one of the world’s strongest agri-food and agtech ecosystems—including major agriculture companies and highly innovative food producers,” said Steven Webb, GIFS chief executive officer.
“GIFS is pleased that through our focus on science, technology and innovation in our sustainable food security partnership with Bangladesh, we can help enable mutually beneficial bilateral relationships to drive additional trade and investment between Bangladesh, Saskatchewan and Canada.”
Saskatchewan is a leading agri-food exporter in Canada, with $12.9 billion in sales in 2019. Bangladesh is one of the province’s top 10 markets, with 2019 exports to the country valued at $587 million. This represented a 118-per cent growth over 2018, the highest increase among all countries. Major agriculture exports to Bangladesh were wheat, soybeans, lentils, peas and canola seed.
“The agri-food sector in Saskatchewan has a lot of potential for growth, and a key part of success is developing markets. Bangladesh is an important partner for Saskatchewan and Canada, and we are pleased to be involved in fostering this relationship,” said Karen Churchill, Ag-West Bio president and CEO.
Canada’s diplomatic relationship with Bangladesh dates back to 1972, following the latter’s independence in the previous year. The seminar, and partnership with GIFS, present opportunities to further strengthen that relationship through increased trade, investment and cooperation between both countries.
A full list of panel participants is available here.
Olufunke Okochi
GIFS Communications
1-306-966-3706
This email address is being protected from spambots. You need JavaScript enabled to view it.
Jackie Robin
Ag-West Bio Communications
1-306-668-2656
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LEAWOOD, KS--(BUSINESS WIRE)--This notice provides stockholders of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) with information regarding the distribution paid on September 30, 2020 and cumulative distributions paid fiscal year-to-date.
The following table sets forth the estimated amounts of the current distribution, payable September 30, 2020, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital. All amounts are expressed per common share.
Estimated Sources of Distributions |
||||||
|
($) Current
|
% Breakdown
|
($) Total Cumulative
|
% Breakdown of the
|
||
Net Investment Income |
0.0317 |
63 |
% |
0.3136 |
33 |
% |
Net Realized Short-Term Capital Gains |
0.0000 |
0 |
% |
0.0000 |
0 |
% |
Net Realized Long-Term Capital Gains |
0.0000 |
0 |
% |
0.0000 |
0 |
% |
Return of Capital |
0.0183 |
37 |
% |
0.6364 |
67 |
% |
Total (per common share) |
0.0500 |
100 |
% |
0.9500 |
100 |
% |
| Average annual total return (in relation to NAV) for the 5 years ending on 8/31/2020 | -5.43% |
Annualized current distribution rate expressed as a percentage of NAV as of 8/31/2020 |
4.89% |
|
|
Cumulative total return (in relation to NAV) for the fiscal year through 8/31/2020 |
-24.83% |
Cumulative fiscal year distributions as a percentage of NAV as of 8/31/2020 |
7.75% |
You should not draw any conclusions about TPZ's investment performance from the amount of this distribution or from the terms of TPZ's distribution policy.
TPZ estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in TPZ is paid back to you. A return of capital distribution does not necessarily reflect TPZ’s investment performance and should not be confused with "yield" or "income."
The amounts and sources of distributions reported are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon TPZ's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. TPZ will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
About Tortoise
Tortoise invests in essential assets – those assets and services that are indispensable to the economy and society. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. To learn more, please visit www.tortoiseadvisors.com.
Tortoise Capital Advisors is the Adviser to the Tortoise Power and Energy Infrastructure Fund, Inc.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Maggie Zastrow at (913) 981-1020 or This email address is being protected from spambots. You need JavaScript enabled to view it.
300 megawatt solar project will deliver clean, cost effective energy to the EVRAZ North America steel mill in Pueblo
PUEBLO, Colo.--(BUSINESS WIRE)--#cleanenergy--Lightsource bp has successfully closed on a $285 million financing package for its Bighorn Solar project, which will be located on EVRAZ Rocky Mountain Steel mill property in Pueblo. Xcel Energy, as the electrical provider for the steel mill, will purchase the power generated by the solar facility under a long-term contract with Lightsource bp. The competitive price of solar energy and its long-term budget certainty helps to ensure that the steel mill, along with 1,000 local workers, will remain in Pueblo. Additionally, EVRAZ has announced it is moving forward with construction of a new long rail mill in Pueblo.
“This collaborative project will not only bring more jobs to Pueblo, but also supports Colorado’s goal of reaching 100% renewable energy by 2040. The EVRAZ steel mill is a staple of Pueblo’s incredible history and will now also serve as a pillar of our state’s clean energy future.”
- Governor Jared Polis
World-class debt and equity finance partners support US transition to low carbon energy
Lightsource bp secured tax equity financing for the project from Bank of America. The debt for the facility was provided by the following Mandated Lead Arrangers:
The balance of the equity requirements will be invested by Lightsource bp. CohnReznick Capital was engaged as the tax equity advisor for the project.
“Partnership with these leading investment institutions enables us to work together to achieve our shared ambitions for a sustainable and profitable future. With their support, along with that of our local partners, we’re materially benefiting the environment as well as Colorado’s economy – delivering affordable and clean energy that the world demands and needs.”
- Kevin Smith
CEO of the Americas for Lightsource bp
“We are excited to see Lightsource bp taking the next step toward building the Bighorn Solar project. This collaboration between Xcel Energy, EVRAZ North America and Lightsource bp is proof that when innovative companies work together we can create jobs, stimulate economic growth, and support our communities and the environment.”
- Alice Jackson
President, Xcel Energy Colorado
Construction has mobilized, with the majority of the workers to be hired locally
In addition to the local economic value that Bighorn Solar is bringing to Pueblo through its benefits to the economics of the steel mill and the new long rail mill, the solar project will create approximately 300 direct jobs on site during the 12 to 14 month construction period, with the majority of the workers hired from the local community.
Construction has started with commercial operation expected by late 2021. McCarthy Building Companies was selected by Lightsource bp as their Engineering, Procurement, and Construction (EPC) Contractor for the project who will install nearly 750,000 Canadian Solar bifacial solar panels on approximately 1,600 acres of land located on the EVRAZ steel mill site with some supplemental land provided by the City of Pueblo and private landowners. McCarthy has a track record of successfully building large utility-scale projects in Colorado and is committed to recruiting and hiring from the local workforce.
"We congratulate Lightsource bp on reaching this important milestone and are excited to see construction begin on the Bighorn solar project that will supply clean energy to EVRAZ Pueblo. EVRAZ Pueblo will be the first steel mill in North America to rely on solar power as we proudly use renewable energy to turn recycled scrap metal into new, clean steel, including the most sustainable rail in the world.”
- Skip Herald
President and Chief Executive Officer of EVRAZ North America
About Lightsource bp
Lightsource bp is a global leader in the development and management of solar energy projects. They are a 50:50 joint venture with bp plc, working together to help drive the world’s transition to low carbon energy through competitively priced and sustainable electricity. With solar set to increase tenfold in the next 20 years, Lightsource bp is well-positioned to capitalize on this growth and enact real change on the global energy landscape through responsible solar projects.
The team is comprised of 500 industry specialists, active across 13 countries – providing a full-service to their customers from initial site selection and permitting through to long-term management of projects. Lightsource bp in the US is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Houston. Since the company announced its strategic expansion into North America in late 2017, the team has developed a pipeline of more than 7 gigawatts of large-scale solar projects at various stages of development across the United States with more than 1,000 megawatts of contracted assets. For more information visit lightsourcebp.com, follow us on Twitter @lightsourceBP and Instagram @lightsourcebp or view our LinkedIn page. For media inquiries, please contact Mary Grikas at This email address is being protected from spambots. You need JavaScript enabled to view it..
Media Inquiries:
Mary Grikas, This email address is being protected from spambots. You need JavaScript enabled to view it.
ELGIN, Ill.--(BUSINESS WIRE)--Heritage-Crystal Clean, Inc. (Nasdaq:HCCI) plans to release its financial results for the third quarter of 2020, which ended September 5, 2020, after the market close on Wednesday, October 14, 2020.
The company will host a conference call on Thursday, October 15, 2020 at 9:30 AM Central Time, during which management will give a presentation focusing on the Company's operations and financial results.
Interested parties can listen to the audio webcast available through our company website, http://crystal-clean.com/investor-relations/, and can participate on the call by dialing (833) 968-1975. After dialing the number, you will be required to provide the following passcode before being joined to the conference call: 4274573.
About Heritage-Crystal Clean, Inc
Heritage-Crystal Clean, Inc. provides parts cleaning, used oil re-refining, and hazardous and non-hazardous waste services primarily to small and mid-sized customers in the vehicle maintenance sector as well as manufacturers and other industrial businesses. Our service programs include parts cleaning, containerized waste management, used oil collection, vacuum truck services, waste antifreeze collection, recycling and product sales, as well as field services. These services help our customers manage their used chemicals and liquid and solid wastes, while also helping to minimize their regulatory burdens. Our customers include businesses involved in vehicle maintenance operations, such as car dealerships, automotive repair shops, and trucking firms, as well as small-to-medium sized manufacturers, such as metal product fabricators and printers, and other industrial businesses. Through our used oil re-refining program, we recycle used oil into high quality lubricating base oil, and we are a supplier to firms that produce and market finished lubricants. Through our antifreeze program we recycle spent antifreeze and produce a full line of virgin-quality antifreeze products. Heritage-Crystal Clean, Inc. is headquartered in Elgin, Illinois.
Heritage-Crystal Clean, Inc.
Mark DeVita, Chief Financial Officer (847) 836-5670
http://www.crystal-clean.com
IRVING, Texas--(BUSINESS WIRE)--Randall Ebner, vice president and general counsel for Exxon Mobil Corporation (NYSE:XOM), has announced his retirement effective November 1, 2020, after more than 40 years of service. The board of directors has elected Craig Morford as vice president and general counsel for the company. Morford is currently deputy general counsel.
“We thank Randy for more than 40 years of service to the company, most recently as our general counsel,” said Darren Woods, chief executive officer and chairman of Exxon Mobil Corporation. “Randy has made significant contributions to ExxonMobil throughout his career, and we wish him all the best in his retirement.”
Ebner joined the Exxon Company, USA Law Department in May 1980 in New Orleans, where he was an attorney in the litigation group. He became coordinator of Upstream litigation in Houston in 1998 and undertook several special assignments before being named chief attorney of ExxonMobil Chemical Company in 2000 and chief attorney of ExxonMobil Gas & Power Marketing Company in 2003. He was named assistant general counsel in 2009, and the board elected him as general counsel and vice president in 2016.
Morford joined ExxonMobil in 2019 as deputy general counsel after previous roles with the United States Department of Justice and in private industry. For more than 20 years, Morford advanced through the Department of Justice with assignments as U.S. Attorney in Michigan and Tennessee, and first assistant U.S. attorney in Ohio. In 2007, he was appointed as Acting Deputy Attorney General by President George W. Bush. From 2008 until joining ExxonMobil, Morford served as the Chief Legal and Compliance Officer for Cardinal Health, a multinational health care services company.
Morford received his Bachelor’s degree in Economics from Hope College and earned his J.D. from Valparaiso University.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com and the Energy Factor.
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Media Relations
972-940-6007
MIAMI--(BUSINESS WIRE)--World Fuel Services Corporation (NYSE: INT) today announced that it has completed the previously announced sale of its Multi Service payment solutions business to Corsair Capital, a New York based private equity firm specializing in business and financial services. World Fuel Services received gross cash proceeds at closing of approximately $300 million and will receive an additional deferred payment of $75 million at a later date, of which $50 million is conditioned on Multi Service’s achievement of certain financial targets through 2022.
“We are pleased to have completed this transaction in the current complex global operating environment and wish our Multi Service colleagues well in their future endeavors,” stated Michael J. Kasbar, chairman and chief executive officer. “The closing of this transaction represents a significant milestone in our strategy to sharpen our portfolio of businesses and allows us to continue to focus on driving growth and increasing returns in our core businesses.”
“We have taken a number of actions to improve our liquidity profile during these challenging and uncertain times and the proceeds from this transaction allows us to further improve our liquidity position, enabling us to accelerate organic growth and fund select strategic investments in our core businesses,” stated Ira M. Birns, executive vice president and chief financial officer.
Jeremy Schein, Partner at Corsair Capital, added: “We are excited to officially welcome MSTS to the Corsair portfolio, and look forward to partnering with the company’s talented team to capitalize on substantial growth opportunities within the B2B payments market.”
Information Relating to Forward-Looking Statements
This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our beliefs and expectations with respect to our focus on driving growth and increasing returns in our core businesses, our expected use of the proceeds from the transaction and its resulting impact on our liquidity profile, as well as our expectations about our ability to accelerate organic growth and fund select strategic investments.
These forward-looking statements are qualified in their entirety by cautionary statements and risk factor disclosures contained in the Company’s Securities and Exchange Commission (“SEC”) filings, including the Company’s most recent Annual Report on Form 10-K filed with the SEC. Actual results may differ materially from any forward-looking statements due to risks and uncertainties, including, but not limited to: our ability to effectively utilize the proceeds from the sale and derive the expected benefits, the ultimate impact of any investment of the proceeds on our core businesses, our ability to capitalize on new market opportunities, potential liabilities, limited indemnities and the extent of any insurance coverage, our ability to achieve the expected level of benefit from our restructuring activities and cost reduction initiatives, our ability to effectively manage the effects of the COVID-19 pandemic, the extent of the impact of the pandemic onours and our customers' sales, profitability, operations and supply chains, customer and counterparty creditworthiness and our ability to collect accounts receivable and settle derivative contracts, sudden changes in the market price of fuel or extremely high or low fuel prices that continue for an extended period of time, the loss of, or reduced sales to a significant government customer, such as the North Atlantic Treaty Organization, the availability of cash and sufficient liquidity to fund our working capital and strategic investment needs, adverse conditions in the markets or industries in which we or our customers operate such as the current global economic environment as a result of the coronavirus pandemic, our failure to comply with restrictions and covenants in our senior revolving credit facility and our senior term loans, including our financial covenants, our ability to manage the changes in supply and other market dynamics in the regions where we operate, unanticipated tax liabilities or adverse results of tax audits, assessments, or disputes, our ability to successfully implement our growth strategy, risks related to the complexity of U.S. Tax Cuts and Jobs Act and any subsequently issued regulations and our ability to accurately predict the impact on our effective tax rate and future earnings, our ability to effectively leverage technology and operating systems and realize the anticipated benefits, the outcome of pending litigation and other proceedings, the impact of quarterly fluctuations in results, particularly as a result of seasonality, supply disruptions, border closures and other logistical difficulties that can arise when sourcing and delivering fuel in areas that are actively engaged in war or other military conflicts, our failure to effectively hedge certain financial risks associated with the use of derivatives, non-performance by counterparties or customers on derivatives contracts, uninsured losses, the impact of natural disasters, adverse results in legal disputes, our ability to retain and attract senior management and other key employees and other risks detailed from time to time in our SEC filings. New risks emerge from time to time and it is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, changes in expectations, future events, or otherwise, except as required by law.
About World Fuel Services Corporation
Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing energy procurement advisory services, supply fulfillment and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.
For more information, call 305-428-8000 or visit www.wfscorp.com.
About Corsair Capital
For the past 28 years, Corsair Capital has invested in many of the sub-sectors that comprise the financial services ecosystem in Europe and North America, and has developed a leading practice aligning with strong management teams and co-shareholders to grow specialist businesses. In particular, Corsair has focused on businesses that operate at the cross roads of technology transformation and financial services complexity and that require a deep understanding of, and a global network within, the broad financial industry.
Ira M. Birns, Executive Vice President &
Chief Financial Officer
Glenn Klevitz
Vice President, Treasurer & Investor Relations
305-428-8000
Report highlights progress around the company’s commitment to caring for people, protecting the environment, and providing responsibly sourced and sustainable products
ROSEMONT, Ill.--(BUSINESS WIRE)--US Foods Holding Corp. (NYSE: USFD) announced today it has published its 2019 Corporate Social Responsibility (CSR) report. This is the company’s first expanded CSR report, and it highlights the company’s 2019 progress across its three CSR pillars: people, planet and products.
“At US Foods, our CSR platform is built on our long-standing commitment to operating with the highest levels of integrity and a respect for the greater good,” said US Foods Chairman and CEO, Pietro Satriano. “We are proud of the progress represented in this report and the hard work of our associates who contributed to these efforts. We look forward to continuing to advance our three pillars of people, planet and products in the year ahead and beyond.”
Highlights from the report include:
People
Planet
Products
As this report focuses on 2019, it does not contain information about the company’s approach to the current global pandemic. Information on US Foods’ COVID-19 response efforts can be found here.
View the US Foods 2019 CSR report here.
*Broadline business only.
**Emissions intensity measured as pounds of CO2e per case delivered.
About US Foods
US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 300,000 restaurants and foodservice operators to help their businesses succeed. With more than 70 broadline locations and 76 cash and carry stores, US Foods provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. US Foods is headquartered in Rosemont, Ill. Visit www.usfoods.com to learn more.
MEDIA CONTACT:
Sara Matheu
Director of Media Relations
773-580-3775
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LONDON--(BUSINESS WIRE)--#GlobalLightandHeavydutyNaturalGasVehicleMarket--Technavio has been monitoring the light and heavy duty natural gas vehicle market and it is poised to grow by 251.43 K units during 2020-2024, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB Volvo, CNH Industrial NV, Cummins Inc., Daimler AG, General Motors Co., MAN SE, Navistar International Corp., PACCAR Inc., Renault SA, and Volkswagen AG are some of the major market participants. The increasing focus on emission reduction will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Light and Heavy duty Natural Gas Vehicle Market 2020-2024: Segmentation
Light and Heavy duty Natural Gas Vehicle Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44296
Light and Heavy duty Natural Gas Vehicle 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 light and heavy duty natural gas vehicle market report covers the following areas:
This study identifies rapid growth in the development of near-zero emission NGV as one of the prime reasons driving the light and heavy duty natural gas vehicle 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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Light and Heavy duty Natural Gas Vehicle Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application by Volume
Customer landscape
Geographic Landscape by Volume
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
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LONDON--(BUSINESS WIRE)--#AutonomousVehiclesMarket--Technavio has been monitoring the autonomous vehicles market and it is poised to grow by 5.64 million units during 2020-2024, progressing at a CAGR of over 21% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., BMW AG, Daimler AG, Ford Motor Co., General Motors Co., Hyundai Motor Co., Intel Corp., Tesla Inc., Toyota Motor Corporation, and Volkswagen AG 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.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
The increasing demand for autonomy of vehicles has been instrumental in driving the growth of the market. However, high driver distractions due to increase in vehicle automation might hamper the 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
Autonomous Vehicles Market 2020-2024: Segmentation
Autonomous Vehicles Market is segmented as below:
Autonomous Vehicles 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 autonomous vehicles market report covers the following areas:
This study identifies the development of autonomous vehicles for cab and parcel delivery services as one of the prime reasons driving the Autonomous Vehicles 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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Technavio's SUBSCRIPTION platform
Autonomous Vehicles Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Vehicle type
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.
Technavio Research
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Media & Marketing Executive
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UK: +44 203 893 3200
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Website: www.technavio.com/
IRVING, Texas--(BUSINESS WIRE)--ExxonMobil (NYSE:XOM) has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. Payara is the third project in the Stabroek Block and is expected to produce up to 220,000 barrels of oil per day after startup in 2024, using the Prosperity floating production, storage and offloading (FPSO) vessel.
The $9 billion development will target an estimated resource base of about 600 million oil-equivalent barrels. Ten drill centers are planned along with up to 41 wells, including 20 production and 21 injection wells.
“ExxonMobil is committed to building on the capabilities from our Liza Phase 1 and 2 offshore oil developments as we sanction the Payara field and responsibly develop Guyana’s natural resources,” said Liam Mallon, president of ExxonMobil Upstream Oil & Gas Company. “We continue to prioritize high-potential prospects in close proximity to discoveries and maximize value for our partners, which includes the people of Guyana.”
ExxonMobil’s first offshore Guyana project, Liza Phase 1, began producing in late 2019, well ahead of the industry average for development time. Liza Phase 2, remains on track to begin producing oil by early 2022. It will produce up to 220,000 barrels of oil per day at peak rates using the Liza Unity FPSO, which is under construction in Singapore.
ExxonMobil is evaluating additional development opportunities in the Stabroek Block, including Redtail, Yellowtail, Mako and Uaru resources, and plans to have five drillships operating offshore Guyana by the end of this year.
As new projects proceed, investment in the Guyana economy increases. More than 2,000 Guyanese are now supporting project activities on and offshore, a 50 percent increase since 2019. ExxonMobil and its prime contractors have spent over $300 million with more than 700 local companies since 2015. More than 2,500 Guyanese companies are registered with the Centre for Local Business Development, which was founded by ExxonMobil and its co-venturers in 2017 to build local business capacity to support global competitiveness.
The Stabroek Block is 6.6 million acres (26,800 square kilometers) with current discovered recoverable resources estimated at more than 8 billion oil-equivalent barrels. The 18 discoveries on the block to date have established the potential for at least five FPSO vessels producing more than 750,000 barrels of oil per day by 2026.
ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited, a wholly-owned subsidiary of CNOOC Limited, holds 25 percent interest.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com and the Energy Factor.
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Cautionary Statement: Statements of future events or conditions in this release are forward-looking statements. Actual future results, including project plans, schedules, capacities, production rates, and resource recoveries could differ materially due to: changes in market conditions affecting the oil and gas industry or long-term oil and gas price levels; political or regulatory developments including obtaining necessary regulatory permits; restrictions in trade, travel or broader government responses to first or subsequent waves of COVID-19; reservoir performance; the outcome of future exploration and development efforts; technical or operating factors; the outcome of commercial negotiations; unexpected technological breakthroughs or challenges; and other factors cited under the caption “Factors Affecting Future Results” on the Investors page of our website at exxonmobil.com and under Item 1A. Risk Factors in our annual report on Form 10-K and quarterly reports on Form 10-Q. References to “recoverable resource,” “oil-equivalent barrels,” and similar terms in this release include quantities that are not yet classified as proved reserves under SEC rules but that are expected to be ultimately recoverable.
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ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (NASDAQ: VSEC), a leading provider of distribution and maintenance, repair and overhaul services for land, sea and air transportation assets in the public and private sectors today announced that Thomas R. Loftus, Executive Vice President and Chief Financial Officer plans to retire after a distinguished career with the Company. VSE expects to name Mr. Loftus’ successor during the fourth quarter of 2020. Mr. Loftus will remain with the company through year-end 2020 to ensure an orderly transition of his duties.
Mr. Loftus joined VSE in 1978, serving in a variety of finance roles during his 42-year tenure with the Company. In 2002, he was named Chief Financial Officer of VSE.
“It has been a sincere privilege to work alongside John Cuomo, the Board of Directors and my fellow employees during my career with VSE,” stated Tom Loftus, Chief Financial Officer. “I am confident that we are well-positioned for our next phase of transformative growth under John’s leadership, guided by a strategic focus on higher-margin end-markets, high free cash flow conversion and disciplined balance sheet management. I know that our most important asset – our employees – are in good hands.”
“On behalf of the Board of Directors and the entire VSE team, I want to thank Tom for his exceptional leadership and dedication to VSE,” said John Cuomo, President and CEO of VSE Corporation. “During his more than four decades with VSE, Tom was integral to the development and execution of our business strategies. Tom ensured a strong financial position for the Company with disciplined decision making and led the charge for significant free cash flow generation through consistent and rigorous efforts to reduce working capital. I personally want to thank Tom for being a trusted advisor and business partner to me. We wish him a long, happy and well-deserved retirement.”
ABOUT VSE CORPORATION
VSE is a leading provider of aftermarket distribution and repair services for land, sea and air transportation assets for government and commercial markets. Core services include maintenance, repair and overhaul (MRO) services, parts distribution, supply chain management and logistics, engineering support, and consulting and training services for global commercial, federal, military and defense customers. VSE also provides information technology and energy consulting services. For additional information regarding VSE’s services and products, visit www.vsecorp.com.
FORWARD LOOKING STATEMENT
This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause VSE’s actual results to vary materially from those indicated or anticipated by such statements. Many factors could cause actual results and performance to be materially different from any future results or performance, including, among others, the risk factors described in our reports filed or expected to be filed with the SEC. Any forward-looking statement or statement of belief speaks only as of the date of this press release. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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LONDON--(BUSINESS WIRE)--#GlobalMaritimeInformationMarket--Technavio has been monitoring the maritime information market and it is poised to grow by $ 736.98 mn during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. FLIR Systems Inc., Garmin Ltd., Inmarsat Group Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Maxar Technologies Inc., ORBCOMM Inc., Raytheon Co., Saab AB, and Thales Group are some of the major market participants. The need to comply with strict regulations will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Maritime Information Market 2020-2024: Segmentation
Maritime Information Market is segmented as below:
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Maritime Information 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 maritime information market report covers the following areas:
This study identifies an increase in seaborne trade as one of the prime reasons driving the maritime information 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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Maritime Information Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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LONDON--(BUSINESS WIRE)--#GlobalHydraulicEquipmentMarket--Technavio has been monitoring the hydraulic equipment market and it is poised to grow by USD 16.90 billion during 2020-2024, progressing at a CAGR of over 4% 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.
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43705
This Report Addresses:
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions-
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Daikin Industries Ltd., Eaton Corporation Plc , Emerson Electric Co., Kawasaki Heavy Industries Ltd., Komatsu Ltd., Parker Hannifin Corp., Robert Bosch GmbH, Siemens AG, WEBER-HYDRAULIK GmbH, and Wipro Enterprises (P) Ltd. are some of the major market participants. The growth of the construction sector will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Hydraulic Equipment Market 2020-2024: Segmentation
Hydraulic Equipment Market is segmented as below:
Hydraulic Equipment 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 hydraulic equipment market report covers the following areas:
This study identifies growing adoption of Industry 4.0 as one of the prime reasons driving the hydraulic equipment 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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Hydraulic Equipment Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Component
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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NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) today announced it has made a final investment decision to proceed with development of the Payara Field offshore Guyana after the development plan received approval from the government of Guyana. Payara is the third oil development on the Stabroek Block; gross production capacity from the three developments is expected to reach approximately 560,000 barrels of oil per day in 2024.
Payara will utilize the Prosperity floating production, storage and offloading vessel (FPSO), which will have the capacity to produce up to 220,000 gross barrels of oil per day and will target an estimated resource base of about 600 million barrels of oil equivalent. First oil is expected in 2024. Ten drill centers are planned with a total of 41 wells, including 20 production wells and 21 injection wells.
Hess’ net share of development costs excluding pre-sanction costs and FPSO purchase cost is forecast to be approximately US$1.8 billion. The timing of the FPSO purchase is being evaluated. Hess’ net share of development costs is forecast to be approximately US$250 million in 2021, US$450 million in 2022, US$500 million in 2023, US$300 million in 2024 and US$225 million in 2025.
“We are excited to sanction our third oil development on the Stabroek Block,” CEO John Hess said. “We thank the Government of Guyana for their support and look forward to realizing the full potential of this world class resource.”
The Liza Phase 1 development, with a production capacity of 120,000 gross barrels of oil per day, achieved first oil in late 2019. Liza Phase 2 remains on track to achieve first oil by early 2022. It will produce up to 220,000 gross barrels of oil per day at peak rates using the Liza Unity FPSO, which is under construction in Singapore. Additional development opportunities in the Stabroek Block are being evaluated, including recent discoveries at Yellowtail, Redtail, Mako and Uaru.
Gross discovered recoverable resources for the Stabroek Block are estimated at more than 8 billion barrels of oil equivalent as of January 2020. The 18 discoveries on the block to date have established the potential for at least five FPSOs producing more than 750,000 barrels of oil per day by 2026.
The Stabroek Block is 6.6 million acres. ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited, a wholly-owned subsidiary of CNOOC Limited, holds 25 percent interest.
# # #
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on is available at www.hess.com.
Cautionary Statements
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “would,” “believe,” “intend,” “project,” “plan,” “predict,” “will,” “target” and similar expressions identify forward-looking statements, which are not historical in nature. Our forward-looking statements may include, without limitation, expected number, timing and completion of our development projects and estimates of capital and operating costs for these projects; estimates of our crude oil and natural gas resources and levels of production; and our future financial and operational results. Forward-looking statements are subject to certain known and unknown risks and uncertainties that could cause actual results to differ materially from our historical experience and our current projections or expectations of future results expressed or implied by these forward-looking statements. The following important factors could cause actual results to differ materially from those in our forward-looking statements: potential failures or delays in achieving expected production levels; inherent uncertainties in estimating quantities of proved reserves and resources; changes in laws, regulations and governmental actions applicable to our business; the ability of our contractual counterparties to satisfy their obligations to us; unexpected changes in technical requirements for exploration and production facilities; potential disruption or interruption of our operations due to catastrophic events, including the global COVID-19 pandemic; and other factors described in Item 1A—Risk Factors in our Annual Report on Form 10-K and any additional risks described in our other filings with the Securities and Exchange Commission. As and when made, we believe that our forward-looking statements are reasonable. However, given these risks and uncertainties, caution should be taken not to place undue reliance on any such forward-looking statements since such statements speak only as of the date when made and there can be no assurance that such forward-looking statements will occur and actual results may differ materially from those contained in any forward-looking statement we make. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. We use certain terms in this release relating to resources other than proved reserves, such as unproved reserves or resources. Investors are urged to consider closely the oil and gas disclosures in Hess Corporation’s Form 10-K, File No. 1-1204, available from Hess Corporation, 1185 Avenue of the Americas, New York, New York 10036 c/o Corporate Secretary and on our website at www.hess.com. You can also obtain this form from the SEC on the EDGAR system.
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Conference Call with Bloom Executives to Discuss Bloom Energy’s Approach to the Decarbonization of the Marine Transport Industry
SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy (NYSE: BE) today announced that it will host an investor conference call and question and answer session on October 8, 2020 at 4:30 p.m. ET / 1:30 p.m. PT. Bloom’s executive vice president and CFO, Greg Cameron, and vice president, strategic market development, Preeti Pande, will lead an in-depth discussion about the decarbonization of the marine transport industry and Bloom’s role in it.
They will discuss the research, policy, and technological innovations that must come together to help maritime transport meet the International Maritime Organization’s (IMO) mandate, as well as how the industry and Bloom, in particular, can leverage recent market momentum in renewable hydrogen to accelerate these efforts and sail toward a zero-carbon future.
Conference Call Details
Date: October 8, 2020
Time: 4:30 PM ET / 1:30 PM PT
US Dial-in (Toll-free): 1-833-520-0063
International Dial-in (Toll): 1-236-714-2197
Conference ID: 2091686
A telephonic replay will be available until October 15, 2020, by dialing US toll-free 1-800-585-8367, or International toll 1-416-621-4642, and entering passcode 2091686.
A simultaneous live webcast will also be available under the Investor Relations section on the Company’s website at https://investor.bloomenergy.com/. Following the webcast, an archived version will be available on the Company’s website for one year.
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. Bloom Energy’s product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries.
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Bloom Energy
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Bloom Energy
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LONDON--(BUSINESS WIRE)--#GlobalModifiedBitumenMarket20202024--Technavio has been monitoring the modified bitumen market and it is poised to grow by 44.91 mn tons during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. China National Chemical Corp. Ltd., Colas SA, Eni Spa, Exxon Mobil Corp., Indian Oil Corp. Ltd., Nynas AB, Owens Corning, Royal Dutch Shell Plc, Sika AG, and Total SA 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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Global increase in road construction activities has been instrumental in driving the growth of the market. However, volatility in raw material 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
Modified Bitumen Market 2020-2024: Segmentation
Modified Bitumen Market is segmented as below:
Modified Bitumen 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 modified bitumen market report covers the following areas:
This study identifies superior properties of modified bitumen as one of the prime reasons driving the modified bitumen 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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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 & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News:
TechnipFMC (NYSE:FTI) (PARIS:FTI) will issue its third quarter 2020 earnings release after the close of the New York Stock Exchange on Wednesday, October 21, 2020. The Company will also host its third quarter 2020 earnings release teleconference on Thursday, October 22, 2020, at 1 p.m. London time (8 a.m. New York time).
To participate in the conference call, you may call any of the following telephone numbers approximately 10 minutes prior to the scheduled start time:
France: +33 (0) 1 70 80 71 53
United Kingdom: +44 (0) 203 107 0289
United States: +1 844 304 0775
International (Other): +1 970 297 2369
Callers should reference Conference ID 9485949.
The event will be webcast simultaneously and can be accessed at https://edge.media-server.com/mmc/p/xj7s4fim.
Those interested in listening to the webcast should register on the website at least 10 minutes before the call begins.
An audio replay of the call will be available online at approximately 8 p.m. London time (3 p.m. New York time) on October 22, 2020.
###
About TechnipFMC
TechnipFMC is a global leader in the energy industry, delivering projects, products, technologies and services. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our customers’ project economics.
Organized in three business segments — Subsea, Surface Technologies and Technip Energies — we are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our customers in developing their energy resources and in their positioning to meet the energy transition challenge.
Each of our approximately 37,000 employees is driven by a steady commitment to clients and a culture of project execution, purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.
TechnipFMC utilizes its website www.TechnipFMC.com as a channel of distribution of material company information. To learn more about us and how we are enhancing the performance of the world’s energy industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
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Media relations
Christophe Bélorgeot
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LONDON--(BUSINESS WIRE)--#GlobalOffshoreWindCableMarket--Technavio has been monitoring the offshore wind cable market and it is poised to grow by $655.89 mn during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Brugg Kabel AG, Hellenic Cables SA, Jiangsu Zhongtian Technology Co. Ltd., Leoni AG, Nexans SA, NKT AS, Parker Hannifin Corp., Prysmian Spa, and Sumitomo Electric Industries Ltd. 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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Growing offshore renewable energy installations has been instrumental in driving the growth of the market. However, higher investments needed in offshore projects 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
Offshore Wind Cable Market 2020-2024: Segmentation
Offshore Wind Cable Market is segmented as below:
Offshore Wind Cable 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 offshore wind cable market report covers the following areas:
This study identifies innovations in the wind industry as one of the prime reasons driving the offshore wind cable 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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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 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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An Industry Veteran with Proven Track Record of Building Oil and Gas Organizations by Developing and Implementing Successful Growth Strategies
MIDLAND, Texas--(BUSINESS WIRE)--The Board of Directors of Ring Energy, Inc. (NYSEAM: REI) (“Ring”) (“Company”) announced today it has appointed Mr. Paul D. McKinney as Chief Executive Officer (“CEO”) and Chairman of the Board of Directors.
Mr. McKinney, an industry veteran, began his career in 1983 with Anadarko Petroleum Corporation (“Anadarko”). Over a 23 year period with Anadarko, Mr. McKinney held various positions including his last title as Vice President of Reservoir Engineering, Anadarko Canada Corporation. He also spent 6 years with Apache Corporation (“Apache”), serving as Manager, Corporate Reservoir Engineering and Region Vice President, Gulf Coast Onshore, where he was responsible for the development and all operational aspects of the Gulf Coast region for Apache. Mr. McKinney’s most recent role was President, CEO and Director of SandRidge Energy. He accepted the post in January 2019 and continued there 11 months before resigning in December 2019.
Mr. Tim Rochford, Co-Founder and Chairman of the Board of Directors (“Board”) of Ring Energy, Inc., commented, “The Board of Directors takes very seriously its commitment to explore and examine all business opportunities, proposals, ideas, etc., that have the potential of increasing shareholder value. While we are very proud of the operating results the Company has consistently produced, from an ‘investment’ perspective, we are very discouraged in the current price of our stock and apparent lack of understanding and appreciation for the value this Company represents. Late last year I had the opportunity to meet and visit with Paul McKinney. I had known of Paul by reputation only, but it did not take long to understand why he is so highly regarded. We discussed a number of possible strategies that involved both operations and market awareness. His vision for the Company was inspiring and his ideas to attain the desired results revitalizing. His enthusiasm was contagious, and his knowledge of the Company and its assets assured me of his commitment to succeed. Further conversations with Paul only strengthened my resolve that today’s investment marketplace demands more of young companies, especially now in the energy sector. Paul met with the Board at my request. He presented his current assessment of the Company, together with his strategies to deal with both operative and investment issues. The Board concurred with my evaluation that a change in our current approach was necessary and that Paul McKinney had the background, expertise and enthusiasm to effect that change. As a co-founder of Ring Energy, Inc., I recognize the importance of providing Paul with the flexibility and support required to achieve our shared goals of continued growth, reduction of debt, and ultimately, increased shareholder value. To that end, I have decided to remove myself as Chairman of the Board, but will remain in an ongoing advisory capacity, working directly with Paul, providing him with the assistance and advice he requires. I want to thank and congratulate Mr. Kelly Hoffman, with whose assistance, along with our management team, has not only established Ring as one of the premiere low-cost ‘conventional’ operators in the Permian Basin, but laid the ground work for years of exceptional development and growth. Paul’s image of what our Company could and should become mirrors both Kelly’s and mine. As large shareholders ourselves, we look at Paul’s appointment as a positive evolutionary step in bringing about the value and respect our Company merits and deserves.”
Mr. Paul D. McKinney, incoming CEO and Chairman of the Board of Ring Energy, Inc., remarked, “I want to thank Mr. Tim Rochford and the rest of the Board members of Ring Energy for their vote of confidence in allowing me this opportunity to head a team of professionals that have demonstrated their abilities to create, grow and position a young company, such as Ring, to be a dynamic force in the years to come. I have followed Tim Rochford’s success for many years and share his vision for Ring. The Northwest Shelf and Central Basin Plateau are proven assets that offer years of exceptional growth. Ring is a unique opportunity that has an exciting future and I am proud to be part of it.”
The Company has scheduled a conference call on Thursday, October 1, at 11 a.m. ET to introduce Mr. Paul D. McKinney as its new Chief Executive Officer / Chairman of the Board. To listen, dial 877-709-8150 at least five minutes before the call is to begin. Please reference the Ring Energy conference call. International callers may also listen by dialing 201-689-8354. A telephone replay will also be available for one week beginning two hours after the completion of the live call, and can be accessed by dialing 877-660-6853, or 201-612-7415 for international callers, and entering the conference ID 13710869 when prompted. The call will also be available via live and a 3 month archived webcast at http://public.viavid.com/index.php?id=141634.
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.
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 June 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.
Bill Parsons
K M Financial, Inc.
(702) 489-4447
Project 11 Continues on Schedule
HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority met in virtual session for its regular monthly meeting on Tuesday, Sept. 29.
A notable item on the agenda was the 2020 Community Grants Program, established by the Port Authority to fund programs to enhance local communities, while advancing the Port Authority’s mission and vision. The application period launched on June 22 and more than 60 organizations applied through mid-August. At the meeting the Port Commission authorized its Community Relations Committee to act on staff’s award recommendations, and during the committee meeting that followed, nine groups were awarded grants totaling close to all of the allocated $250,000 funding. A list of the grant recipients is available on Port Houston’s website.
Other actions taken by the Port Commission included adoption of a resolution of intent to finance the Houston Ship Channel Expansion Channel Improvement Project with the proceeds of debt obligations – the first step for financing “Project 11,” the upcoming work on the channel. The Commission also authorized continued professional services with HDR Engineering, Inc. to assist staff during the San Jacinto River Waste Pits Superfund process as it provides comments to the Environmental Protection Agency.
Additionally, the Commission approved, with two members dissenting, a $250,000 challenge grant award to the Severe Storm Prediction, Education, and Evacuation from Disasters (“SSPEED”) Center at Rice University, to assist in further developing the Galveston Bay Park Plan storm surge defense system. Port Chairman Ric Campo highlighted that the funds are contingent on SSPEED securing an additional $750,000 in funding.
Other matters addressed by the Port Commission included the approval of a $10,000 donation from Port Houston to the American Association of Port Authorities (AAPA) emergency relief fund, to provide direct assistance to other public port employees in the Gulf Coast region impacted by Hurricane Laura and other storms during the 2020 Hurricane season.
In his staff report, Executive Director Roger Guenther remarked that while total tonnage for the year through August was down 5%, September container volumes remain solid, with minor impact from the three-day closure of the channel during Tropical Storm Beta. Guenther shared that the public terminals remained open and continued to serve customers during that closure.
The Executive Director also reported that “tremendous progress” continues to be made towards authorization of the Houston Ship Channel’s widening and deepening Project 11, along with the other work to move it forward.
During the meeting Chairman Campo announced that the upcoming Disparity Study, to help identify ways to enhance minority and women-owned contracting opportunities with the Port Authority, was expected soon. Griffin and Strong, P.C. was commissioned in Aug. 2019 to perform this independent analysis.
Chairman Campo shared that the Commission and staff would have the opportunity to review the document and offer comments before release of final findings and recommendations following Griffin and Strong’s presentation perhaps as early as the next Port Commission meeting. Chairman Campo added that he was looking forward to receiving the findings and reiterated Port Houston’s commitment to diversity and inclusion.
The Community Advisory Council Meeting of the Port Commission Authority is scheduled Oct. 1, and its agenda is available at https://porthouston.com/leadership/public-meetings/.
The next Port Commission meeting is Tuesday, Oct. 27.
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals of the Port of Houston – the nation’s largest port for foreign waterborne tonnage and an essential economic engine for the Houston region, the state of Texas and the nation. It supports the creation of nearly 1.175 million jobs in Texas and 2.7 million jobs nationwide, and economic activity totaling almost $265 billion in Texas – 16 percent of Texas’ total gross domestic product – and more than $617 billion in economic impact across the nation. For more information, visit the port’s website at PortHouston.com.
Lisa Ashley, Director, Media Relations, Port Houston
Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
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