Business Wire News

Details ExxonMobil Board’s Failure to Position the Company for Long-Term Value Creation in a Changing Industry and World

Engine No. 1’s Nominees Have a Diverse Set of Experiences in Successful, Global Energy Operations and Decades of Leading Value-Creating Transformations in the Energy Industry

Urges ExxonMobil Shareholders to Vote the WHITE Proxy Card TODAY “FOR ALL” of Engine No. 1’s Highly Qualified, Independent Nominees

SAN FRANCISCO--(BUSINESS WIRE)--Engine No. 1, which has nominated four highly qualified, independent director candidates to the Exxon Mobil Corporation (NYSE: XOM) (“ExxonMobil” or the “Company”) Board of Directors (the “Board”), today released an in-depth presentation to ExxonMobil shareholders detailing the need for change at ExxonMobil to protect and enhance long-term shareholder value in a changing industry and world. Engine No. 1 encourages ExxonMobil shareholders to review the facts set forth in its presentation so they can make an informed decision at the Company’s 2021 Annual Meeting regarding the future of the Company and their investment.


Engine No. 1’s investor presentation can be found here.

Key issues under the current Board examined in the presentation include:

  • Issue #1: Failure to Position ExxonMobil for Long-Term Value Creation
  • Issue #2: Rhetoric Does Not Address Long-Term Business Risk from Emissions
  • Issue #3: Lack of Capital Allocation Discipline
  • Issue #4: Little Reason to Trust Newfound Spending Discipline
  • Issue #5: Lack of Successful and Transformative Energy Experience on the Board
  • Issue #6: Misaligned Incentives

Engine No. 1’s director candidates add a highly relevant, unique and complementary set of skills to the Board, and, as directors, would help to address the fundamental issues at the Company by bringing to bear their collective experiences in value-creating transformational change in the energy sector.

Vote the WHITE proxy card TODAY to Reenergize ExxonMobil.

Additional information regarding Engine No. 1’s campaign to reenergize ExxonMobil may be found at www.ReenergizeXOM.com.

If you have any questions or need help in voting your shares,

please call the firm assisting us with the solicitation of proxies:

 

INNISFREE M&A INCORPORATED

Shareholders May Call: (877) 750-8310 (TOLL-FREE from the U.S. and Canada)

or +1(412) 232-3651 (from other countries)

About Engine No. 1

Engine No. 1 is an investment firm purpose-built to create long-term value by driving positive impact through active ownership. The firm also will invest in public and private companies through multiple strategies. For more information, please visit: www.Engine1.com.

Important Information

Engine No. 1 LLC, Engine No. 1 LP, Engine No. 1 NY LLC, Christopher James, Charles Penner (collectively, “Engine No. 1”), Gregory J. Goff, Kaisa Hietala, Alexander Karsner, and Anders Runevad (collectively and together with Engine No. 1, the “Participants”) have filed with the Securities and Exchange Commission (the “SEC”) a definitive proxy statement and accompanying form of WHITE proxy to be used in connection with the solicitation of proxies from the shareholders of Exxon Mobil Corporation (the “Company”). All shareholders of the Company are advised to read the definitive proxy statement and other documents related to the solicitation of proxies by the Participants, as they contain important information, including additional information related to the Participants. The definitive proxy statement and an accompanying WHITE proxy card will be furnished to some or all of the Company’s shareholders and is, along with other relevant documents, available at no charge on Engine No. 1’s campaign website at https://reenergizexom.com/materials/ and the SEC website at http://www.sec.gov/.

Information about the Participants and a description of their direct or indirect interests by security holdings is contained in the definitive proxy statement filed by the Participants with the SEC on March 15, 2021. This document is available free of charge from the sources described above.

Disclaimer

This material does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in any state to any person. In addition, the discussions and opinions in this press release and the material contained herein are for general information only, and are not intended to provide investment advice. All statements contained in this press release that are not clearly historical in nature or that necessarily depend on future events are “forward-looking statements,” which are not guarantees of future performance or results, and the words “anticipate,” “believe,” “expect,” “potential,” “could,” “opportunity,” “estimate,” and similar expressions are generally intended to identify forward-looking statements. The projected results and statements contained in this press release and the material contained herein that are not historical facts are based on current expectations, speak only as of the date of this press release and involve risks that may cause the actual results to be materially different. Certain information included in this material is based on data obtained from sources considered to be reliable. No representation is made with respect to the accuracy or completeness of such data, and any analyses provided to assist the recipient of this material in evaluating the matters described herein may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results. Accordingly, any analyses should also not be viewed as factual and also should not be relied upon as an accurate prediction of future results. All figures are unaudited estimates and subject to revision without notice. Engine No. 1 disclaims any obligation to update the information herein and reserves the right to change any of its opinions expressed herein at any time as it deems appropriate. Past performance is not indicative of future results. Engine No. 1 has neither sought nor obtained the consent from any third party to use any statements or information contained herein that have been obtained or derived from statements made or published by such third parties. Except as otherwise expressly stated herein, any such statements or information should not be viewed as indicating the support of such third parties for the views expressed herein.


Contacts

Media Contacts
Gasthalter & Co.
Jonathan Gasthalter/Amanda Klein
212-257-4170
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Investor Contacts:
Innisfree M&A Incorporated
Scott Winter/Gabrielle Wolf
212-750-5833

SAN MATEO, Calif.--(BUSINESS WIRE)--#logistics--Four tech start-ups from three countries are leading breakthrough work to transform the ports and logistics sector by piloting projects with Gulftainer.


eYard, Morpheus.Network, ThroughPut, and ZaiNar have emerged as winners of Gulftainer’s Future of Ports 2021, which saw more than 2,000 applicants from over 200 cities vie to create disruptive technology that will reshape the sector.

ZaiNar is an innovative application that enables real-time 3D location with sub-meter precision designed to transform how ports manage operations and assets. The company is developing next generation wireless radio location tracking technologies for mobile and IoT applications that provide enterprises with data needed to remain competitive.

eYard won the AI category for leveraging the technology to analyze thousands of potential operational scenarios that can create unprecedented levels of efficiency for container terminals.

ThroughPut, the winner for Big Data solutions, uses existing data to rapidly optimize supply chains and address operational bottlenecks. It seeks to improve business outcomes for port operators and their customers using this powerful new tool.

Morpheus.Network, winner of the blockchain category, offers a SaaS middleware platform that enables trusted and compliant data-sharing across the supply chain, unlocking broad opportunities to improve operational efficiency and customer experience.

To watch the grand finale event featuring the winning ideas, finalists, and other speakers, please visit FOP.Gulftainer.com.

About Gulftainer

Established in 1976, Gulftainer is a privately owned, independent port management and 3PL logistics company based in the United Arab Emirates (UAE) and for more than 40 years it has been delivering a world-class performance to its customers. Its global footprint including operations in the UAE, Iraq, Saudi Arabia, and the USA.

Gulftainer is excited to create an open, collaborative platform to lead the port industry’s revolution, engaging startups, entrepreneurs, and other stakeholders to create the future of the ports and logistics industry. For more information on Gulftainer, visit www.gulftainer.com.

About OneValley

OneValley, formerly GSVlabs, is a global entrepreneurship platform headquartered in Silicon Valley, that supports entrepreneurs, accelerates startups, and empowers organizations across the world that foster innovation communities. OneValley directly supports over 40,000 members and indirectly another 175,000+ through our enterprise partnerships and platforms, powered by our online platform Passport, the world’s most comprehensive innovation platform connecting Silicon Valley to the World and the World to Silicon Valley. For more information about OneValley, visit www.theonevalley.com.


Contacts

For further information please contact:
Gulftainer
Global:
Neena Dominic, Gulftainer Communications
(M) +971 50 2861274
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US:
Kathryn Bradley, Gulftainer Communications
(M) +1 302 354 4096
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OneValley
Vanessa Torre, Head of Marketing
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Company becomes latest in a steady pipeline of migrations and graduations to NEO

TORONTO--(BUSINESS WIRE)--$MOVE #NEOExchange--The Neo Exchange Inc. (“NEO Exchange” or “NEO”) is excited to announce that Clean Power Capital Corp. (“Clean Power”), previously listed on the Canadian Securities Exchange, has graduated to the NEO Exchange. Clean Power is now available for trading on NEO under the symbol NEO:MOVE.


Clean Power’s main subsidiary, PowerTap Hydrogen Fueling Corp., is focused on employing its patented hydrogen production technology to build a blue hydrogen filling station network in the United States to accommodate anticipated growth in hydrogen vehicle sales.

“Clean Power is pleased to list on the NEO Exchange which supports innovation and growth-oriented processes, enabling us to reach a broader audience of institutional and fund investors,” said Raghu Kilambi, CEO of Clean Power Capital Corp. “While working actively to expand our hydrogen power fueling stations and continuing to identify strategic partnerships that deepen our stronghold in the industry, we are actively committed to the investment community to enhance sustainable shareholder value.”

With today’s launch on the NEO Exchange, Clean Power has become the latest in a steady pipeline of corporate migrations and graduations to NEO.

“Up-listing from a junior exchange to a non-venture stock exchange is a strategic and well-executed move for Clean Power,” remarked Jos Schmitt, President and CEO of NEO. “We are thrilled to welcome Clean Power to the NEO Exchange where they will benefit from enhanced visibility, unique liquidity solutions, and greater access to capital which will enable them to continue pursuing great opportunities in the renewable energy sector.”

Investors can trade shares of NEO:MOVE through their usual investment channels, including discount brokerage platforms and full-service dealers. NEO is home to over 125 corporate and ETF listings, and consistently facilitates close to 15 percent of all Canadian trading volume. Click here for a complete view of all NEO-listed securities.

About the NEO Exchange

The NEO Exchange is Canada’s innovation economy stock exchange that brings together investors and capital raisers within a fair, liquid, efficient, and service-oriented environment. Fully operational since June 2015, NEO puts investors first and provides access to trading across all Canadian-listed securities on a level playing field. NEO is a non-venture stock exchange and lists senior companies and investment products seeking a stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.

Connect with NEO: Website | LinkedIn | Twitter | Instagram

About Clean Power Capital Corp.

Clean Power is an investment company that specializes in investing into private and public companies opportunistically that may be engaged in a variety of industries, with a current focus in the renewable energy and health industries. In particular, the investment mandate is focused on high return investment opportunities, the ability to achieve a reasonable rate of capital appreciation, and to seek liquidity in its investments.

Connect with Clean Power: Website


Contacts

NEO Media:

Joanne Kearney
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
P: 416-804-5949

The $41.82 Bill Credit, Part of the State’s Efforts to Fight Climate Change, Arrives as Financial Impacts of Pandemic Continue for Many

SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) residential customer bills will be lower this month thanks to the California Climate Credit.

The credit created by the California Public Utilities Commission (CPUC), is part of the state’s efforts to fight climate change. The credit will lower bills by $41.82 for PG&E residential customers receiving both natural gas and electric service this month. For natural gas-only residential customers the credit will be $24.62, and for electric-only residential customers, the credit will be $17.20.

California requires power plants, natural gas providers and other large industries that emit greenhouse gases to buy carbon pollution permits from auctions managed by the California Air Resources Board. The Climate Credit is customers’ share of the payments from the state’s program.

In 2020, the CPUC accelerated the distribution of the Climate Credit in response to increased at-home energy usage due to the Governor’s March 19, 2020, stay-at-home order. This year, the CPUC returned the distribution of the electric residential credit to the standard twice-annual April and October schedule.

Customers do not need to do anything to receive the credit, it will automatically appear as a line item “CA Climate Credit” or “California Climate Credit” on their bill with the amount of the credit.

Though the credit will offset bills this month, PG&E recognizes some customers continue to struggle financially as lingering impacts of the pandemic remain.

For Customers with Past-Due Balances: ‘We’re here to help’

As the impacts of the COVID-19 pandemic start to subside, PG&E reminds customers with past-due balances to explore available financial-assistance programs now, before the emergency customer protections put in place during the pandemic end on June 30, 2021. In place since March 2020, these emergency customer protections included suspending service disconnections for customers with unpaid bills.

Customers are encouraged to act now and not wait until protections expire if they are behind on payments. Numerous programs, tools and tips are available. Please call us today at (800) 743-5000 if you have an outstanding balance. Translated support in over 250 additional languages is available at that phone number.

We have been working with customers with past-due balances and will continue these efforts months after the protections expire. Since March 2020, more than 1.6 million payment plans have been created for residential and commercial customers.

Proactive contact with customers during the pandemic has saved customers more than $5 million just by changing their rate plan.

Here are some of the ways we are assisting customers as the COVID-19 protections end:

  • Staggering the restart of the collections and disconnection process with a grace period after the protections end to support customers facing uncertainty.
  • Helping income eligible renters who have experienced a financial hardship due to COVID-19 and have past due rent, or landlords who have experienced a loss in income because of unpaid rent, to find financial assistance programs with their utility bills through federal programs such as the California COVID-19 Rent Relief program.
  • The recertification and post-enrollment actions that customers will need to take to qualify for the California Rates for Energy Program (CARE), the Family Electric Rate Assistance Program (FERA) and the Medical Baseline Program will be spread out over the rest of 2021.
  • Providing financial assistance to help offset eligible household energy costs including heating, cooling and home weatherization expenses through the federally-funded Low Income Home Energy Assistance Program (LIHEAP). To learn more, dial 2-1-1 or 1-866-675-6623 for LIHEAP income guidelines and a list of participating agencies.
  • PG&E will launch a new medical practitioner portal for the Medical Baseline program. To simplify the enrollment and recertification process, the portal will enable qualified medical practitioners to certify a customer’s eligibility for the Medical Baseline program online. The program provides customers an additional monthly allotment of energy at the lowest price on the current rate.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.


Contacts

MEDIA RELATIONS:
415-973-5930

New index captures both the established leaders and emerging companies and themes reshaping the low carbon energy ecosystem

NEW YORK--(BUSINESS WIRE)--VanEck today announced a change to the underlying Index for its VanEck Vectors Low Carbon Energy ETF (NYSE: SMOG), enhancing the Fund’s primary investment strategy and providing more diversified exposure to the evolving, dynamic low carbon energy economy.


Going forward, SMOG’s underlying index will be the MVIS Global Low Carbon Energy Index (“the Index”), a rules-based index that tracks the performance of globally listed equities involved in the low carbon energy ecosystem.

"SMOG was one of the first ETFs to provide exposure to companies involved in low carbon, clean energy. Since the time of its launch, the industry has evolved substantially. Many segments of the industry are maturing and expanding. The new index modernizes and expands the expected exposure to the low carbon energy ecosystem,” said Ed Lopez, Head of ETF Product with VanEck.

The Index is designed to represent companies across a comprehensive modern set of renewable energy sub-themes including wind, solar, hydro, hydrogen, bio-fuel or geothermal technology, lithium-ion batteries, electric vehicles and related equipment, waste-to-energy production, smart grid technologies, or building or industrial materials that reduce carbon emissions or energy consumption.

Its free-float market cap approach provides sufficient liquidity and allows emerging sub-themes to increase in prominence in the Index as that sub-theme grows. To be initially eligible for inclusion in the Index, companies must generate at least 50% of their revenues, operating activity or energy generation capacity from renewable energy and all securities must have a market capitalization of greater than $150 million as of the end of the month prior to the month in which a rebalancing date occurs. The Index rebalances quarterly.

In addition to SMOG, VanEck also offers the VanEck Vectors Green Bond ETF (NYSE: GRNB), the first ETF to provide targeted exposure to the U.S. dollar-denominated green bond market.

About VanEck

VanEck has a history of looking beyond the financial markets to identify trends that are likely to create impactful investment opportunities. We were one of the first U.S. asset managers to offer investors access to international markets. This set the tone for the firm’s drive to identify asset classes and trends – including gold investing in 1968, emerging markets in 1993, and exchange traded funds in 2006 – that subsequently shaped the investment management industry.

Today, VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes. As of March 31, 2021, VanEck managed approximately $71.2 billion in assets, including mutual funds, ETFs and institutional accounts. The firm’s capabilities range from core investment opportunities to more specialized exposures to enhance portfolio diversification. Our actively managed strategies are fueled by in-depth, bottom-up research and security selection from portfolio managers with direct experience in the sectors and regions in which they invest. Investability, liquidity, diversity, and transparency are key to the experienced decision-making around market and index selection underlying VanEck’s passive strategies.

Since our founding in 1955, putting our clients’ interests first, in all market environments, has been at the heart of the firm’s mission.

Important Disclosures

An investment in the its VanEck Vectors Low Carbon Energy ETF may be subject to risks which include, among others, investing in low carbon energy companies, investing in European issuers, foreign securities, foreign currency, depository receipts, utilities, consumer discretionary, industrials and sector, information technology sectors, utilities sector, small- and medium-capitalization companies, equity securities, market, operational, index tracking, authorized participant concentration, no guarantee of active trading market, high portfolio turnover, trading issues, passive management, fund shares trading, premium/discount risk and liquidity of fund shares, non-diversified and concentration risks, all of which may adversely affect the Fund. Foreign investments are subject to risks, which include changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations, and changes in currency exchange rates which may negatively impact the Fund's return. Small- and medium-capitalization companies may be subject to elevated risks.

An investment VanEck Vectors Green Bond ETF may be subject to risks which include, among others, green bonds, investing in Asian, Chinese and emerging market issuers, foreign securities, foreign currency, credit, interest rate, floating rate, floating rate LIBOR, high yield securities, supranational bond, government-related bond, restricted securities, securitized/asset-backed securities, financial, utilities, market, operational, call, sampling, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount risk and liquidity of fund shares, non-diversified and concentration risks, all of which may adversely affect the Fund.

MVIS Global Low Carbon Energy Index is the exclusive property of MV Index Solutions GmbH (a wholly owned subsidiary of the Adviser), which has contracted with Solactive AG to maintain and calculate the Index. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MV Index Solutions GmbH, Solactive AG has no obligation to point out errors in the Index to third parties. The VanEck Vectors Low Carbon Energy ETF is not sponsored, endorsed, sold or promoted by MV Index Solutions GmbH and MV Index Solutions GmbH makes no representation regarding the advisability of investing in the Fund.

Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Certain indices may take into account withholding taxes. Investors cannot invest directly in the Index. Returns for actual Fund investors may differ from what is shown because of differences in timing, the amount invested and fees and expenses. Index returns assume that dividends have been reinvested.

Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus , which contains this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.


Contacts

Chris Sullivan/Julia Stoll
MacMillan Communications
212.473.4442
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SAN DIEGO--(BUSINESS WIRE)--#edison--The XENDEE Microgrid Cloud Computing Platform has been awarded the gold medal in the 2021 Edison Awards for Critical Human Infrastructure. The award show took place on Thomas Edison’s birthday, April 22nd, in Fort Myers, Florida. XENDEE was selected this year from a group of more than 7,000 products and services and placed first in the Critical Human Infrastructure category with Drivenets’ Network Cloud (5G IP networking software) and Transcend's Design Generator (water and wastewater treatment SaaS platform) coming in second and third place respectively.


“From the entire team we’d like to sincerely thank the Edison Awards panel for their interest in the XENDEE platform,” said Adib Naslé, CEO of XENDEE during his digital acceptance speech. “Particularly in the category of critical human infrastructure, it is clear that there is a massive opportunity right now and we are absolutely thrilled to be considered a leader in finding the solution.”

Originally established in 1987, the Edison Awards have recognized and honored some of the most innovative products, services and business leaders from around the world and is among the most prestigious accolades honoring excellence in new product and service development, marketing, design and innovation.

“Competition was strong this year, including massive brands, public institutions, and a number of teams that are developing solutions for modern infrastructure already identified as essential by the current administration,” said Michael Stadler, Ph.D., CTO of XENDEE. “XENDEE was extremely pleased to be competing with this calibur of entrants and we look forward to seeing what our platform and our competitors are able to accomplish over the next year.”

XENDEE’s award winning technical team includes Microgrid engineers, software developers, and renewable energy experts who have leveraged the leading edge of public, private and our own proprietary research to develop an easy to use platform for engineers and organizations to move through all four stages of Microgrid design including: feasibility studies, financial optimization, technical validification, and project implementation. This rapid and integrated process allows engineers and designers to efficiently test projects for viability, bring more projects to market, and instill confidence in stakeholders and investors through accurate financial projections and customizable reports.

The core XENDEE team is comprised of Kelsey Fahy, Jay Gadbois, Rich Goldman, Jisun Lee, Patrick Mathiesen, Scott Mitchell, Adib Naslé, Naser Partovi, Zachary Pecenak, Jaime Rios, Spencer Schneidenbach, Michael Stadler and Alan Zhang.

“Over 2,000 Microgrid locations have been analyzed so far with XENDEE, and with our growing customer base and ever-expanding platform capabilities, we look forward to bringing more resilient, bankable Microgrid projects to implementation worldwide,” said Scott Mitchell, MSCS, Chief Software Architect at XENDEE.

About XENDEE: XENDEE develops world-class Microgrid decision support software that helps designers and investors optimize and certify the 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.


Contacts

Jay Gadbois | This email address is being protected from spambots. You need JavaScript enabled to view it.

World’s largest producer of renewable wood bioenergy commits to annually assessing and disclosing the climate alignment of chartering activities.

BETHESDA, Md.--(BUSINESS WIRE)--#Bioenergy--Enviva, a global renewable energy company specializing in sustainable wood bioenergy, has joined the Sea Cargo Charter, a cross-industry partnership of over 20 ship charterers that aims to establish a consistent global framework for transparently assessing and disclosing the climate impact of ship chartering operations.



Earlier this year, Enviva announced its goal to become net zero in its operations by 2030. As part of this commitment, Enviva will track and transparently report its progress in reducing its emissions, including its Scope 3 emissions, those generated as part of its upstream and downstream supply chain, annually. The company also vowed to work with partners to improve the environmental emissions intensity of its shipping and other transportation logistics. Enviva plans on advocating for the development of new solutions and accelerating its work with stakeholders to bring those solutions to market. One such solution is the Sea Cargo Charter, which offers a standard greenhouse gas (“GHG”) emissions reporting process that significantly simplifies some of the complexities often associated with reporting.

By joining the Sea Cargo Charter, Enviva will benefit from an industry-established, global baseline that quantitatively assesses and discloses shipping activities in line with the climate goals set by the International Maritime Organization (the “IMO”), the United Nations’ agency responsible for regulating shipping. These goals include the IMO’s ambition for GHG emissions from international shipping to be cut by at least 50 percent by 2050 compared to 2008 levels.

“We are delighted to join the Sea Cargo Charter. The commitment to monitor and report our emissions from our vessel chartering activities, and thereby to track our own carbon intensity, is closely aligned with our wider goal to reach net zero and to be transparent in emissions reporting,” said Gordon Lugsdin, Head of Chartering at Enviva. “A standardized reporting framework is vital for the shipping industry to demonstrate its commitment to reducing GHG emissions, becoming more sustainable, and fighting climate change – core values we share at Enviva.”

The Sea Cargo Charter continues to grow since its inception in October of 2020, when some of the world’s largest vessel charterers launched the initiative to demonstrate their role in promoting responsible environmental behavior and incentivize the decarbonization of international shipping. Enviva, the world’s largest producer of industrial wood pellets, is the latest signatory to the charter, which includes major players in the energy, agriculture, and mining industries.

“I am delighted to welcome Enviva to the Sea Cargo Charter. Together, we commit to transparent and consistent reporting of greenhouse gas emissions to promote shipping’s green transition,” said Jan Dieleman, President, Cargill Ocean Transportation and Chair of the Sea Cargo Charter Association.

The Charter is intended to evolve over time as the IMO adjusts its policies and regulations to address new and emerging environmental and social concerns.

About Enviva Holdings, LP
Enviva Holdings, LP is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source used to generate electricity and heat. Through its subsidiaries, Enviva Holdings, LP owns and operates wood pellet processing plants and deep-water export terminals in the U.S. Southeast. We export our pellets to power plants in the United Kingdom, Europe, and Japan that previously were fueled by coal, enabling them to reduce their lifecycle carbon footprint by more than 85 percent. We make our pellets using sustainable practices that protect Southern forests and employ about 1,200 people and support many other businesses in the U.S. Southeast. Enviva Holdings, LP conducts its activities primarily through two entities: Enviva Partners, LP, a publicly traded master limited partnership (NYSE: EVA), and Enviva Development Holdings, LLC, a wholly owned private company. To learn more about Enviva Holdings, LP, please visit our website at www.envivabiomass.com.


Contacts

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+1-301-657-5560

 

NEW YORK--(BUSINESS WIRE)--Golar LNG Partners LP (Nasdaq: GMLP) (“GMLP”) announced the completion of its sale to New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) on April 15, 2021.


In connection with the sale to NFE, NFE has acquired all of the outstanding common units of GMLP for $3.55 per common unit in cash and GMLP’s general partner for equivalent consideration based on the general partner’s economic interest in GMLP.

On April 23, 2021, the GMLP board of directors approved delisting the GMLP’s 8.75% Series A Cumulative Redeemable Preferred Units (the “Preferred Units”). GMLP also plans to give notice to NASDAQ of its intent to voluntarily delist the Preferred Units and to withdraw the registration of its Preferred Units with the Securities and Exchange Commission (“SEC”).

GMLP intends to file a Form 25 Notification of Removal from Listing with the SEC on or about May 3, 2021, and the delisting will be effective on or about May 13, 2021, ten days after the filing of the Form 25. In connection with the foregoing, GMLP also intends to file a Form 15 with the SEC to suspend GMLP’s reporting obligations under the Securities Exchange Act of 1934, as amended, in connection with the Preferred Units. GMLP has not arranged for listing and/or registration on another national securities exchange or for quotation of the Preferred Units in a quotation medium. However, the rights of the holders of the Preferred Units will not be effected under GMLP’s limited partnership agreement.

GMLP is delisting the Preferred Units because NASDAQ has informed GMLP that the Preferred Units no longer meet the listing requirements of NASDAQ Global Market Rule 5450.


Contacts

IR:
Joshua Kane
(516) 268-7455
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Media:
Jake Suski
(516) 268-7403
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NEW YORK--(BUSINESS WIRE)--Six One Commodities Global LLC (“61C Global”), a natural gas and power merchant backed by Pinnacle Asset Management, L.P. (“Pinnacle”), today announced the acquisitions of Vega Energy Partners, Ltd. (“VEP”) and WGL Midstream, Inc. (“WGLM”).


VEP is a Houston, TX-based energy merchant that, in addition to managing the assets of WGLM, holds asset management agreements and has a strong team moving to 61C Global’s platform as part of the transaction. WGLM is a wholesale energy solutions business that invests in and optimizes natural gas pipelines and storage facilities in the Midwest and Eastern United States.

“This is a transformational opportunity for 61C Global. These acquisitions will accelerate our growth in the natural gas market, add significant earnings potential, and provide a solid platform for us to link our existing domestic and international LNG businesses,” said Ben Sutton, Chief Executive Officer of 61C Global. “We are excited to establish a Houston office and presence, and we look forward to integrating and working collaboratively with the talented team at VEP to further position us as a premier globally integrated energy merchant company.”

Jason M. Kellman, Managing Partner and Chief Investment Officer of Pinnacle, added, “These acquisitions of VEP and WGLM are a seamless way for 61C Global to gain a significant footprint in the U.S. natural gas market. We look forward to leveraging VEP and WGLM’s assets and capabilities as we continue to expand the 61C Global business.”

ABOUT SIX ONE COMMODITIES GLOBAL LLC

In August of 2018, Pinnacle Asset Management, L.P. and affiliated investment entities (“Pinnacle”), a leading commodities and natural resources investment organization, partnered with Ben Sutton, who had served as Head of North American Gas and Power at Noble Americas Gas & Power Corp., to form 61C Global.

61C Global is an international natural gas, LNG, and power merchant headquartered in Stamford, CT. The Six One team has a demonstrated track record of unique market insight, strong client relationships, and disciplined risk management to execute on opportunities within the gas and power merchanting space.

ABOUT PINNACLE ASSET MANAGEMENT, L.P.

Founded in 2003, Pinnacle Asset Management, L.P. is a private, New York-based alternative asset management firm focused on the global commodities markets with approximately $3.2 billion under management. Pinnacle provides its institutional investor base with exposure to the global commodities markets via physical and financial absolute return strategies and products. Pinnacle is registered as an investment adviser with the Securities and Exchange Commission, is registered as a commodity trading adviser and a commodity pool operator with the Commodity Futures Trading Commission and is a member of the National Futures Association.


Contacts

Joseph Limone
Chief Administrative Officer
Six One Commodities LLC
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(203) 409-2329

HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.4526 per Class A share for the quarter ended March 31, 2021. The distribution represents a 1.2% increase compared to the distribution on the Hess Midstream Class A shares for the fourth quarter of 2020, which equals a 5% increase on an annualized basis. The distribution will be payable on May 13, 2021 to shareholders of record as of the close of business on May 3, 2021.


About Hess Midstream

Hess Midstream LP is a fee-based, growth-oriented midstream company that operates, develops and acquires a diverse set of midstream assets to provide services to Hess Corporation and third-party customers. Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. More information is available at www.hessmidstream.com.


Contacts

Investor Contact:
Jennifer Gordon
(212) 536-8244

Media Contact:
Robert Young
(346) 319-8783

ST. JOHN’S, Newfoundland--(BUSINESS WIRE)--$ARR.TO #energytransition--Altius Renewable Royalties Corp. (TSX: ARR) (“ARR” or the “Company”), is pleased to report that Tri Global Energy (“TGE”) has announced the sale of two renewable energy projects, namely the 180 MW Hoosier Line Wind project and the 400 MW Honey Creek Solar project to Leeward Renewable Energy, a portfolio company of Canadian pension fund subsidiary OMERS Infrastructure.


The two sales result in creation of a 3% royalty on the wind project and a 1.5% royalty on the solar project in favour of Great Bay Renewables LLC (“Great Bay”), which is equally owned by ARR and certain funds managed by affiliates of Apollo Global Management, Inc.

These sales represent the fourth and fifth project royalties to be created under Great Bay’s royalty-based funding support agreement with TGE. The five royalties in aggregate represent approximately 1520 MW of new renewable energy projects.

Frank Getman, CEO of Great Bay commented, “Tri Global continues to excel at bringing new renewable energy projects to market to help accelerate our transition to a clean energy future. We are delighted to be able to support Tri Global in accomplishing this important work.”

The announcement made by TGE today is as follows:

Tri Global Energy Announces Sale of 580 MW of Indiana Wind and Solar Projects to Leeward Renewable Energy

Dallas (April 26, 2021) -- Tri Global Energy, a leading originator and developer of utility-scale renewable energy projects, has entered into an agreement to sell two renewable energy projects – the 180 megawatt (MW) Hoosier Line Wind project and the 400 MW Honey Creek Solar project – to Leeward Renewable Energy, a growth-oriented renewable energy company that owns and operates a portfolio of approximately 2,000 MW of generating capacity.

The wind and solar power projects, located in White County in northwestern Indiana and targeted to be operational as early as 2023, represent the first deal between the two Dallas-based companies and the first renewable project sales for Tri Global Energy (TGE) in Indiana. TGE has regional offices in Reynolds and Harford City, Indiana and also has other renewable projects under development in the state.

“Hoosier Line Wind and Honey Creek Solar represent a significant milestone for TGE, our first expansion to Indiana,” said John Billingsley, Chairman and CEO of Tri Global Energy. “We couldn’t be more excited to begin a new relationship with Leeward, whose leadership shares our commitment to develop and expand clean energy and to invest in the advancement of local communities.”

Since the origination of these projects in 2019, Tri Global Energy has been the project developer. The company will continue as a co-development partner under the sale arrangement with Leeward Renewable Energy.

“We are pleased to reach agreement with Tri Global Energy to acquire these well-planned development assets, and to partner with Tri Global on their continued development,” said Jason Allen, CEO of Leeward Renewable Energy. “The projects accelerate our efforts in the Indiana market and are highly complementary to our aggressive growth strategy across the U.S.,” added Allen.

With 40 landowners involved in the projects, both Hoosier Line Wind and the Honey Creek Solar have gained strong support in White County. PJM utility interconnection and environmental studies are currently underway.

Great Bay Renewables, a joint venture company between certain funds managed by affiliates of Apollo Global Management, Inc., and Altius Renewable Royalties Corp.(TSX: ARR) is providing royalty financing in support of Tri Global Energy completing and funding these projects’ development through the start of construction.

About Tri Global Energy

We are developers of sustainable energy. Tri Global Energy’s mission is to improve communities through local economic development generated by originating and commercializing renewable energy projects. The company currently develops and owns utility-scale wind, solar, and energy storage projects in Texas, Nebraska, Illinois, Indiana, Pennsylvania and Virginia. Tri Global Energy is headquartered in Dallas with regional development offices in Lubbock, Texas; El Paso and Forreston, Illinois; and Reynolds and Hartford City, Indiana. For more information, visit www.triglobalenergy.com.

About Leeward Renewable Energy, LLC

Leeward Renewable Energy is a growth-oriented renewable energy company that owns and operates a portfolio of 22 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing new wind, solar, and energy storage projects in energy markets across the U.S. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$105 billion in net assets (as at December 31, 2020). For more information, visit www.leewardenergy.com.

About ARR

ARR is a recently formed renewable energy company whose business is to provide long-term, royalty level investment capital to renewable power developers, operators, and originators. The Company combines industry expertise with innovative, partner-focused solutions to further the growth of the renewable energy sector as it fulfills its critical role in enabling the global energy transition.


Contacts

Flora Wood
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: 1.877.576.2209
Direct: +1(416)346.9020

Ben Lewis
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: 1.877.576.2209

AltaSea’s first annual aquaculture-focused series will feature globally respected experts and provide an opportunity to learn about this important effort to combat climate change

LOS ANGELES--(BUSINESS WIRE)--AltaSea at the Port of Los Angeles, in collaboration with Cal State Northridge’s (CSUN) Institute for Sustainability and The Los Angeles Coalition for the Economy & Jobs, announced a series of webinars focused on aquaculture, called “Blue + Green 2021.” Pre-registration for the events is required. The link to sign up is: https://altasea-project-blue.org/blue-green-2021/.


The inaugural series will comprise four, one-hour webinars, scheduled on each Thursday of May, and will convene experts from the aquaculture and sustainability fields, including experts from various top colleges and research institutions across the world. The goal of the series is to shine a spotlight on the emerging aquaculture sector in the blue economy.

Aquaculture, as defined by the National Oceanic and Atmospheric Administration (NOAA), is “the breeding, rearing, and harvesting of fish, shellfish, algae, and other organisms in all types of water environments.” One of AltaSea’s tenants, Pacific6, holds the permit for the first offshore aquaculture facility in U.S. Federal waters."

“An important part of our sustainable future is regenerative aquaculture. Convening the top experts in the field will provide an amazing opportunity to drive awareness for the field of regenerative aquaculture, which will be an instrumental piece of the growing blue economy as well as preserving our ecosystem,” said AltaSea CEO Tim McOsker.

AltaSea is at the forefront of the increasingly crucial blue economy, which is the sustainable use of ocean resources to provide economic growth through good-paying jobs focused on the preservation of the ocean ecosystem. According to a report that AltaSea coauthored with the Los Angeles Economic Development Corporation (LAEDC) in 2020, the blue economy is projected to produce more than 126,000 jobs, paying a combined $37.7 billion in wages by 2023.

According to CSUN co-collaborators Janet Kübler (Marine Biologist, Professor of Biology) and Natale Zappia (Director of the Institute for Sustainability), “aquaculture and the supporting technologies bring together all the key ingredients – future growth opportunities that support our coastal ecosystems, the economy, jobs, and our communities. This series will help reimagine partnerships between business, government, universities, and communities through regenerative ocean research for exploration and equity-based economic development.”

Michael Kelly, Executive Director, The Los Angeles Coalition for the Economy & Jobs, adds: “By 2025, the entrepreneur and author Gunter Paul estimates, the oceanic Blue Economy could create 100 million new jobs worldwide based on hundreds of innovations, as well as empower people and sustain communities. L.A. is perfectly positioned to be a global leader in these nascent Blue Economy sectors and this webinar will provide a great opportunity for leaders to share their insights with Angelenos on what comes next and how one can prepare themselves for a career that will ultimately serve and even save our planet.”

The series is being sponsored by AltaSea at the Port of Los Angeles, Beneficial State Bank, The Los Angeles Coalition for the Economy & Jobs, and CSUN’s Institute for Sustainability.

The webinars include:

Thursday, May 6: What is Regenerative Aquaculture?

Panelists:

  • Janet E. Kübler, Ph.D., Biology Department at CSUN, Founder of the California Seaweed Festival
  • Finian Makepeace, Co-founder, Policy Director, & Lead Educator, Kiss the Ground
  • Charles Yarish, Professor of Ecology & Evolutionary Biology, University of Connecticut

Moderator: Val Zavala, multi-Emmy award-winning journalist

Thursday, May 13: Aquaculture and LA

Panelists:

  • Paul Dobbins, Senior Director of Impact Investing and Ecosystem Services, World Wildlife Foundation
  • Diane Kim, Ph.D., Co-founder & CEO, Holdfast Aquaculture
  • Ferris Kawar, Sustainability Project Manager, Santa Monica College

Moderator: Michael H. Kelly, Executive Director, The Los Angeles Coalition for the Economy & Jobs

Thursday, May 20: Policy and Politics

Panelists:

  • Mark Gold, D. Env., Associate Vice Chancellor for Environment and Sustainability, UCLA; Executive Director, Ocean Protection Council; Deputy Secretary for Ocean and Coastal Policy, California Natural Resources Agency
  • Michael H. Kelly, Executive Director, The Los Angeles Coalition for the Economy & Jobs
  • Sandra Whitehouse, Ph.D., Senior Policy Advisor, Ocean Conservancy

Moderator: Wendy Greuel, former Los Angeles City Controller

Thursday, May 27: Aquaculture and the Future

Panelists:

  • Professor Brian Beale, Cooperating Professor of Marine Ecology, Research Director of Downeast Institute, University of Maine
  • Thierry Chopin, Ph.D., Professor of Marine Biology, University of New Brunswick, Saint John, Canada
  • Peter Bryant, Senior Program Officer, Walton Personal Philanthropy Group and The Builders Initiative

Moderator: Val Zavala.

EDITOR’S NOTE: Full bios of panelists and moderators can be found here.

About California State University, Northridge, Institute for Sustainability

Founded in 2008, the Institute for Sustainability works with stakeholders across campus to integrate sustainability into all aspects of the university from operations and infrastructure to outreach, education, and research. The Institute serves all the colleges of the university, working to increase interdisciplinary and cross-functional communication, education, and research on sustainability.

About The Los Angeles Coalition for the Economy & Jobs

The L.A. Coalition brings together leaders from business, labor, academia, and nonprofits to advance initiatives that generate economic growth, create quality jobs and a skilled workforce, and improve the region's overall quality of life.

About AltaSea at the Port of Los Angeles

AltaSea at the Port of Los Angeles, located on 35 acres at North America’s leading seaport by both container volume and cargo value, is dedicated to accelerating scientific collaboration, advancing an emerging blue economy through business innovation and job creation, and inspiring the next generation, all for a more sustainable, just, and equitable world.

For more information on AltaSea, please see our website: https://altasea.org


Contacts

Jacob Scott
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IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) will release first quarter 2021 financial results on Friday, April 30, 2021. A press release will be issued via Business Wire and available at 6:30 a.m. CT at www.exxonmobil.com.


Darren Woods, chairman and chief executive officer, and Stephen Littleton, vice president of investor relations and secretary, will review the results during a live, listen-only conference call at 8:30 a.m. CT. The presentation can be accessed via webcast or by calling (888) 596-2592 (United States) or (786) 789-4790 (International). Please reference confirmation code 7945025 to join the call. An archive replay of the call and a copy of the presentation with accompanying supplemental financial data will be available at www.exxonmobil.com/ir.


Contacts

ExxonMobil Media Relations
(972) 940-6007

After a Dry March in Much of Northern and Central California, Meteorologists Forecasting Rain and Mountain Snow

SAN FRANCISCO--(BUSINESS WIRE)--As PG&E’s meteorology team monitors a weather system headed for Northern and Central California this weekend, the company has a plan to safely respond to outages and reminds customers to also have a plan to stay safe.

Forecasts indicate that Northern California will experience rainfall and mountain snow beginning Saturday. Meteorologists expect the system to move through the Bay Area on Sunday. Some rainfall is also expected in Central California on Sunday.

"This system could bring much-needed moisture to our drought-affected service area, but at the same time, we might also see weather-related power outages. Our team is closely watching this rainfall so that we can stand ready to restore power safely and as quickly as possible. We also urge our customers to stay safe and have a plan,” said Scott Strenfel, PG&E manager of meteorology and fire science.

PG&E’s meteorology team has developed a Storm Outage Prediction Model that incorporates real-time weather forecasts, 30 years of historical weather and outage data and system knowledge to predict where and when storm effects will be most severe. This model enables the company to pre-stage crews and equipment as weather approaches to enable safe and rapid response to outages.

PG&E is urging its customers to also take the necessary steps to be prepared and stay safe.

Safety Tips:

  • Never touch downed wires: If you see a downed power line, assume it is energized and extremely dangerous. Do not touch or try to move it—and keep children and animals away. Report downed power lines immediately by calling 911 and by calling PG&E at 1-800-743-5002.
  • Use flashlights, not candles: During a power outage, use battery-operated flashlights, and not candles, due to the risk of fire. If you must use candles, please keep them away from drapes, lampshades and small children. Do not leave candles unattended.
  • Have a backup phone: If you have a telephone system that requires electricity to work, such as a cordless phone or answering machine, plan to have a standard telephone or cellular phone ready as a backup.
  • Have fresh drinking water, ice: Freeze plastic containers filled with water to make blocks of ice that can be placed in your refrigerator/freezer during an outage to prevent foods from spoiling. Blue Ice from your picnic cooler also works well in the freezer.
  • Use generators safely: Customers with standby electric generators should make sure they are properly installed by a licensed electrician in a well-ventilated area. Improperly installed generators pose a significant danger to customers, as well as crews working on power lines. If using portable generators, be sure they are in a well-ventilated area.
  • Turn off appliances: If you experience an outage, unplug or turn off all electrical appliances to avoid overloading circuits and to prevent fire hazards when power is restored. Simply leave a single lamp on to alert you when power returns. Turn your appliances back on one at a time when conditions return to normal.
  • Safely clean up: After the inclement weather has passed, be sure to safely clean up. Never touch downed wires and always call 811 or visit 811express.com at least two full business days before digging to have all underground utilities safely marked.

Other tips can be found at pge.com/beprepared.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.


Contacts

MEDIA RELATIONS:
415-973-5930

DUBLIN--(BUSINESS WIRE)--The "Naval Vessel MRO Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029" report has been added to ResearchAndMarkets.com's offering.


The maintenance, repair and overhaul of navy vessels includes maintenance and repair works on engine & its components, vessel deck, mechanical, and electrical components. For efficient performance and proper running of mechanical and electrical components, standard operating procedures are followed as described in the navy manual.

Today, warships are considered as one of the largest platforms carrying complex weapons, equipment's, sensors amongst others. Therefore, their frequent repair and maintenance is thus of utmost importance since they have to be in high state of preparedness to face extreme environment, hostile territories and operational demands near shore or in deep sea.

Refit & repair are considered as critical activity of a vessel for its safe and efficient operation. The navy undertakes various sea worthiness and operational fitness tests primarily at naval docks. This service of making vessel or its fleet sea worthy, is also handed to public/private sector shipyards.

Most of navy vessels designs are old and in many cases, the ships are converted from commercial merchant ship. This conversion is one of the major reason for increased frequency of repair and maintenance works. Historically, navy ships were mostly adapted from cruise liners and passenger ships but now even the offshore going project vessels are also considered for conversion. Thus, the conversion activity mandatorily involves immense MRO activities and is one of the major driving factor for the navy vessel MRO market.

Royal navy and other naval vessels are very often deployed away from their base ports for very long duration that significantly arises MRO issues. In cases where there is high focus on warfare activities (expeditionary) and relief operations, navy vessels with high utility capacity are preferred, that requires frequent maintenance and repair of vessels as a defense mandate. Therefore, leading to high growth in maintenance, overhaul and repair of fleet.

The repair and maintenance are carried out under operational-cum-refit-cycle (OCRC) for each class of ship. The OCRC is propagated by the defense ministries of respective countries based on timely basis and its operational experience. The MRO techniques helps in introducing or phasing out of a particular class and built of ship. The OCRC defines the period wherein a particular naval vessel is to remain at sea, be under deployable state and finally a period it has to spend for MRO activity.

North America accounts for the highest expenditure in the MRO market and majority of the expenditure is made by the U.S. Asia Pacific and European regions also account for a significant portion of the market share.

The key naval vessel MRO service providers are, but not limited to: BAE systems, General Dynamics, Huntington Ingalls Industries, Lockheed Martin, Northrop Grumman, Elbit Systems, Raytheon, Rockwell Collins, SIAC, Kongsberg, SAAB, Teledyne Brown Engineering, Babcock International Group and URS Corporation.

Key Topics Covered:

Chapter 1. Preface

Chapter 2. Executive Summary

2.1. Global Naval Vessels MRO Market Snapshot

Chapter 3. Naval Vessels MRO Market: Market Dynamics and Future Outlook

3.1. Market Overview

3.2. Drivers

3.2.1. Increased Defense Budget Spending in North America and Asia Pacific Market to Drive the Market for the Forecast Period

3.3. Challenges

3.3.1. Highly Stringent Vendor/Dealer/OEM Selections for Raw Material Supply in Weapon and Navy Class Ship Building

3.4. Opportunities

3.4.1. Demand for C4ISR (Communications, Command, Control, Computers, Intelligence, Surveillance and Reconnaissance) Systems is Expected to Boost Market Growth in the Future

3.5. Attractive Investment Proposition, by Geography, 2020

3.6. Competitive Landscape

3.6.1. Competitive Landscape of Key Players in Battleships Growth Protection Systems Market, 2020

Chapter 4. Global Naval Vessels MRO Market, by MRO Service Type, 2019 - 2029 (US$ Mn)

4.1. Overview

4.1.1. Global Naval Vessels MRO Market Value Share, by MRO Service Type, 2021 & 2029 (Value, %)

4.2. Maintenance & Repair (MR) Level

4.2.1. Organizational MR

4.2.2. Intermediate MR

4.2.3. Depot MR

4.2.4. Voyage MR

4.3. Overhauls

4.3.1. Baseline Overhaul (BOH)

4.3.2. Regular Overhaul (ROH)

4.3.3. Complex Overhaul (COH)

4.3.4. Integrated Logistics Overhaul (ILO)

Chapter 5. Global Naval Vessels MRO Market, by Navy Vessels Type, 2019 - 2029 (US$ Mn)

5.1. Overview

5.1.1. Global Naval Vessels MRO Market Value Share, by Navy Vessels Type, 2021 & 2029 (Value, %)

5.2. Battleships

5.3. Corvettes

5.4. Submarines

5.5. Frigates

5.6. Others (minesweeper, dromon, full rigged ship, missile boat, etc.)

Chapter 6. Global Naval Vessels MRO Market, by Geography, 2019 - 2029 (US$ Mn)

6.1. Overview

6.1.1. Global Naval Vessels MRO Market Value Share, by Geography, 2021 & 2029 (Value, %)

Chapter 7. Company Profiles

7.1. BAE Systems

7.1.1. Business Description

7.1.2. Financial Information (Subject to data availability)

7.1.3. Product Portfolio

7.1.4. Key Developments

7.2. General Dynamics

7.3. Huntington Ingalls Industries

7.4. Lockheed Martin

7.5. Northrop Grumman

7.6. Elbit Systems

7.7. Raytheon

7.8. Rockwell Collins

7.9. SIAC

7.10. Kongsberg

7.11. SAAB

7.12. Teledyne Brown Engineering

7.13. Babcock International Group

7.14. URS Corporation

For more information about this report visit https://www.researchandmarkets.com/r/f8cynw


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Committee and Advisory Council Meetings Also Next Week

HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority will conduct its regular monthly meeting virtually on Tuesday, April 27 at 9:15 a.m., via WebEx webinar.


These following Committee and Advisory Council meetings are also planned the same week:

  • The Port Commission Audit Committee will meet Monday, April 26 at 11:00 a.m.
  • The Community Advisory Council will also meet on Monday, April 26. Its meeting is scheduled to start at 1:00 p.m.
  • The Business Equity Committee will meet Thursday, April 29 at 10:00 a.m.

The agendas and the instructions to access these virtual meetings are available at https://porthouston.com/leadership/public-meetings/.

Sign up for public comment is available up to an hour before the Port Commission Regular Monthly, Committee and Advisory Council meetings by contacting Erik Eriksson at This email address is being protected from spambots. You need JavaScript enabled to view it. or Liana Christian at This email address is being protected from spambots. You need JavaScript enabled to view it.

The Port Authority Executive Office Building remains closed to the general public at this time. Texas Governor Abbott’s action of March 16, 2020 allows virtual and telephonic open meetings to maintain government transparency.

About Port Houston

For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel – the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. nation. The more than 200 private and eight public terminals along the federal waterway supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6% of Texas’ total gross domestic product (GDP) – and a total of $801.9 billion in economic impact across the nation. For more information, visit the website: https://porthouston.com/


Contacts

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.

ARLINGTON, Va.--(BUSINESS WIRE)--FLIR Systems, Inc. (NASDAQ: FLIR), a world leader in the design, manufacture, and marketing of intelligent sensing technologies, today announced it will release financial results for the first quarter ended March 31, 2021, at approximately 7:30 a.m. Eastern Time on Thursday, May 6, 2021. FLIR does not plan to hold an earnings call this quarter, though summary first quarter financial data, including business segment details, will be available following the release and may be accessed online from the Financial Info Database section of the Company’s Investor Relations website at www.FLIR.com/investor.


About FLIR Systems, Inc.

Founded in 1978, FLIR Systems is a world-leading industrial technology company focused on intelligent sensing solutions for defense and industrial applications. Our vision is to be “The World’s Sixth Sense,” creating technologies to help professionals make more informed decisions that save lives and livelihoods. For more information, please visit www.flir.com and follow @flir.


Contacts

Investor Relations
Sarah Key
Investor Relations
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+1 (703) 682-3400

HOUSTON--(BUSINESS WIRE)--Oil and gas production and the average prices received (excluding gains and losses from derivatives) for the years ended December 31, 2020 and 2019, were as follows:

 

 

 

2020

 

 

2019 

 

Increase/
Decrease

 

Increase/
Decrease

Barrels of Oil Produced

 

 

733,000

 

 

1,242,000

 

 

(509,000

)

 

(41.00

)%

Average Price Received

 

$

38.02

 

$

55.04

 

$

(17.02

)

 

(30.90

)%

Oil Revenue (In 000’s)

 

$

27,865

 

$

68,366

 

$

(40,501

)

 

(59.20

)%

Mcf of Gas Sold

 

 

3,381,000

 

 

4,397,000

 

 

(1,016,000

)

 

(23.10

)%

Average Price Received

 

$

1.24

 

$

1.49

 

$

(0.25

)

 

(16.60

)%

Gas Revenue (In 000’s)

 

$

4,202

 

$

6,539

 

$

(2,337

)

 

(35.70

)%

Barrels of Natural Gas Liquids Sold

 

 

437,000

 

 

574,000

 

 

(137,000

)

 

(23.90

)%

Average Price Received

 

$

11.22

 

$

15.87

 

$

(4.65

)

 

(29.30

)%

Natural Gas Liquids Revenue (In 000’s)

 

$

4,906

 

$

9,110

 

$

(4,204

)

 

(46.10

)%

Total Oil & Gas Revenue (In 000’s)

 

$

36,973

 

$

84,015

 

$

(47,042

)

 

(56.00

)%

Proved reserves at December 31, 2020 were 4,468,000 barrels of oil, 3,045,000 barrels of natural gas liquids and 17,530,000 thousand cubic feet of natural gas; or 10,435,000 barrels of oil equivalents. During 2020, we reduced our revolving credit facility by $16.5 million. Our current outstanding credit facility debt stands at $35.95 million and we have the right to borrow up to $40 million.

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

 

2019

 

Increase /
(Decrease)

Revenues (In 000’s)

 

$

58,421

 

 

$

104,824

 

$

(46,403

)

Net (Loss) Income (In 000’s)

 

$

(2,316

)

 

$

3,476

 

$

(5,792

)

Earnings per Common Share:

 

 

 

 

 

 

Basic

 

$

(1.16

)

 

$

1.72

 

$

(2.88

)

Diluted

 

$

(1.16

)

 

$

1.25

 

$

(2.41

)

Shares Used in Calculation of:

 

 

 

 

 

 

Basic EPS

 

 

1,994,425

 

 

 

2,019,502

 

 

Diluted EPS

 

 

1,994,425

 

 

 

2,780,735

 

 

PrimeEnergy is an independent oil and gas company actively engaged in acquiring, developing and producing oil and gas, and providing oilfield services, primarily in Texas and Oklahoma. The Company’s common stock is traded on the Nasdaq Stock Market under the symbol PNRG. If you have any questions on this release, please contact Connie Ng at (713) 735-0000 ext 6416.

Forward-Looking Statements

This Report contains forward-looking statements that are based on management's current expectations, estimates and projections. Words such as "expects," "anticipates," "intends," "plans," "believes", "projects" and "estimates," and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and are subject to the safe harbors created thereby. These statements are not guarantees of future performance and involve risks and uncertainties and are based on a number of assumptions that could ultimately prove inaccurate and, therefore, there can be no assurance that they will prove to be accurate. Actual results and outcomes may vary materially from what is expressed or forecast in such statements due to various risks and uncertainties. These risks and uncertainties include, among other things, the possibility of drilling cost overruns and technical difficulties, volatility of oil and gas prices, competition, risks inherent in the Company's oil and gas operations, the inexact nature of interpretation of seismic and other geological and geophysical data, imprecision of reserve estimates, and the Company's ability to replace and expand oil and gas reserves. Accordingly, stockholders and potential investors are cautioned that certain events or circumstances could cause actual results to differ materially from those projected.


Contacts

Connie Ng
(713) 735-0000 ext 6416

Transportation and supply chain professionals invited to April 28 webinar to enhance logistics strategies for second half of 2021

DALLAS--(BUSINESS WIRE)--#3PL--Transplace, the leading provider of advanced logistics technology and solutions, announces its Second Quarter 2021 Logistics Market Update Report and Webinar with guidance to manage continued uncertainty and high-capacity demand in the second half of the year.


Transportation and supply chain professionals are invited to a complimentary webinar on April 28 at 1 p.m. ET to access the full report and gain insights from Transplace SVP of Data Science & Engineering, Matt Harding, and Transplace SVP of Consulting & Network Services, Ben Cubitt. Transplace CMO Carmen Palo will moderate the interactive event, featuring a live audience Q&A.

Discover data-backed intelligence and best practices for North American and European shippers to advance logistics strategies, including:

  • Essential guidance for tackling high-capacity demand for U.S. truckloads through continuous KPI expectation-setting with core providers
  • Mitigating risks of international market fluctuations experiencing third wave of COVID-19 lockdowns and aggressive carrier RFPs by developing robust contingency planning
  • Handling international ocean and air equipment shortages and port congestions with recommendations for workable alternatives
  • Managing increased transportation pricing complexity across all markets with suggestions for closed-loop transport opportunities
  • Overcoming uncertainties and improving logistics planning based on key economic indicators

Logistics, supply chain and transportation professionals are encouraged to register for the April 28 webinar here. Access the latest trends impacting supply chain leaders now, and plan for what’s ahead.

About Transplace

Transplace powers one of the largest managed transportation and logistics networks in the world. Our tech-enabled services and solutions platform are backed by the unrivaled combination of innovative technology and a dedicated team of domain experts, engineers and data scientists. We are committed to thrilling our customers by consistently improving supply chain performance and providing greater visibility and control of their logistics networks. Companies of all sizes rely on Transplace to deliver trusted outcomes through best-in-class logistics management, strategic capacity and cross-border services. Follow the company on Twitter, Facebook, Transplace.com and the Transplace Industry Blog.


Contacts

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Grace Platon | +1 214.901.4744
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New article series highlights growing adoption of data-driven strategies by leading utilities to accelerate personalization, digitalization and clean energy initiatives

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Please replace the photo in release dated February 18, 2021, with the accompanying corrected photo.



The release reads:

WALL STREET JOURNAL AND BIDGELY SHOWCASE THE POWER OF DATA AND ARTIFICIAL INTELLIGENCE TO CREATE A CLEAN ENERGY FUTURE

New article series highlights growing adoption of data-driven strategies by leading utilities to accelerate personalization, digitalization and clean energy initiatives

The Wall Street Journal, in collaboration with Bidgely, today introduced an article series showcasing how data and applied artificial intelligence (AI) are powering the clean energy future. Featuring real-world examples from utilities like Duke Energy, Duquesne Light Company, Ameren and Hydro Ottawa, the articles showcase how these progressive energy providers are prioritizing data-driven solutions that both create personalized energy experiences for customers as well as new opportunities to accelerate electrification, decarbonization and energy efficiency initiatives. The new Biden Administration’s unprecedented net-zero emissions goals for the U.S. are regarded as an accelerator in the article series, prompting energy providers to more actively embrace AI technologies that leverage customer data to advance energy and digital transformation.

“Transitioning to a clean energy economy will require every consumer to consciously re-evaluate their personal energy consumption and make changes. Utilities are in a unique position to help customers understand their current impact on the environment, and then motivate, challenge and guide those customers to take the next step,” said Abhay Gupta, CEO of Bidgely. “Smart meters are already collecting a tremendous amount of valuable customer information, and through AI, utilities can transform this usage data into actionable insights that advance net-zero goals for every consumer.”

The article, Green Innovation Starts With Data, emphasizes the ways in which energy providers are leveraging their investments in smart meter, or advanced metering infrastructure (AMI), technologies. Duke Energy and Duquesne Light Company are featured for their innovative use of customer data to become trusted energy advisors and to drive smart energy decisions with their customers. Such data-driven approaches are giving energy providers new insights into the way electrification and clean energy technologies are impacting the grid, aiding in their load forecasting, rate designs and overall approach to achieving aggressive net-zero emissions targets.

In the article Leading With Intelligence, evolving consumer demands are explained as a driving force among utilities to implement machine learning and AI techniques to their AMI data, fostering a customer-centric, data-driven culture within their organizations. Ameren and Hydro Ottawa explain how the smart grid is the center of value creation for customers, giving them more choice, convenience and control over their energy as competition for customers to generate their own energy is increasing. The article also shows how utilities can develop new solutions based on hard data, greatly improving their ability to innovate for future initiatives.

Read each Wall Street Journal article in its entirety at: Green Innovation Starts With Data and Leading With Intelligence. To learn more about how Bidgely is bolstering green energy innovation in partnership with utilities, visit www.bidgely.com/utilityai.

About Bidgely

Bidgely is an AI-powered SaaS Company accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions. Powered by our unique patented technology, Bidgely's UtilityAI™ Platform transforms multiple dimensions of customer data - such as energy consumption, demographic, and interactions - into deeply accurate and actionable consumer energy insights. We leverage these insights to empower each customer with personalized recommendations, tailored to their individual personality and lifestyle, usage attributes, behavioral patterns, purchase propensity, and beyond. From a Distributed Energy Resources (DER) and Grid Edge perspective, whether it is smart thermostats to EV chargers, solar PVs to TOU rate designs and tariffs; UtilityAI™ energy analytics provides deep visibility into generation, consumption for better peak load shaping and grid planning, and delivers targeted recommendations for new value-added products and services. With roots in Silicon Valley, Bidgely has over 17 energy patents, $50M+ in funding, retains 30+ data scientists, and brings a passion for AI to utilities serving residential and commercial customers around the world. For more information, please visit www.bidgely.com or the Bidgely blog at bidgely.com/blog.


Contacts

Christine Bennett
Bidgely
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