DALLAS--(BUSINESS WIRE)--Flowserve Corporation, (NYSE: FLS) (“Flowserve” or the “Company”), a leading provider of flow control products and services for the global infrastructure markets, today announced the pricing of a public offering of $500 million of its 3.500% senior notes due 2030. The offering is expected to close on September 21, 2020, subject to customary conditions.
The notes will be general senior unsecured obligations of the Company and will rank equally in right of payment with the Company’s existing and future senior unsecured indebtedness. Interest will be paid semi-annually on April 1 and October 1, beginning April 1, 2021. The Company intends to use the net proceeds from the sale of the notes to finance a cash tender offer (the “Tender Offer”) for any and all of the €500 million outstanding aggregate principal amount of its previously issued 1.250% EUR Senior Notes due 2022 (the “2022 Notes”). To the extent any net proceeds exceed the amount used to repurchase the 2022 Notes in the Tender Offer, the Company intends to use the net proceeds for general corporate purposes.
BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are acting as the joint book-running managers for the offering. Copies of the prospectus supplement and accompanying base prospectus for the offering may be obtained by contacting: BofA Securities, Inc. at 200 North College Street, 3rd Floor, Charlotte, NC 28255, Attn: Prospectus Department, Email: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll-Free: 1-800-294-1322; J.P. Morgan Securities LLC at: 383 Madison Avenue, New York, NY 10179, Attn: Investment Grade Syndicate Desk-3rd Floor or by calling collect at (212) 834-4533; or Wells Fargo Securities, LLC at: 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attn: WFS Customer Service, Email: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll-Free: 1-800-645-3751. An electronic copy of the prospectus supplement and accompanying base prospectus for the offering may also be obtained at www.sec.gov.
The notes were offered and will be sold pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission, and only by means of a prospectus supplement and accompanying base prospectus. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 50 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about the Company can be obtained by visiting the company’s website at www.flowserve.com.
Safe Harbor Statement: This news release includes 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, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: the impact of the global outbreak of COVID-19 on our business and operations; a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; if we are not able to successfully execute and realize the expected financial benefits from our strategic transformation and realignment initiatives, our business could be adversely affected; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; economic, political and other risks associated with our international operations, including military actions, trade embargoes, epidemics or pandemics or changes to tariffs or trade agreements that could affect customer markets, particularly North African, Russian and Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela and Argentina; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; expectations regarding acquisitions and the integration of acquired businesses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; access to public and private sources of debt financing; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; our internal control over financial reporting may not prevent or detect misstatements because of its inherent limitations, including the possibility of human error, the circumvention or overriding of controls, or fraud; the recording of increased deferred tax asset valuation allowances in the future or the impact of tax law changes on such deferred tax assets could affect our operating results; our information technology infrastructure could be subject to service interruptions, data corruption, cyber-based attacks or network security breaches, which could disrupt our business operations and result in the loss of critical and confidential information; ineffective internal controls could impact the accuracy and timely reporting of our business and financial results; and other factors described from time to time in our filings with the Securities and Exchange Commission.
All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.
Investor Contacts:
Jay Roueche, Vice President, Investor Relations & Treasurer, (972) 443-6560
Mike Mullin, Director, Investor Relations, (972) 443-6636
Media Contact:
Lars Rosene, Vice President, Corporate Communications & Public Affairs, (972) 443-6644
LONDON--(BUSINESS WIRE)--#UnconventionalGasMarket--Technavio has been monitoring the unconventional gas market and it is poised to grow by $ 41.76 bn during 2020-2024, progressing at a CAGR of almost 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. 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. BP Plc, Chevron Corp., ConocoPhillips Co., Exxon Mobil Corp., PetroChina Co. Ltd., PJSC Gazprom, Royal Dutch Shell Plc, Santos Ltd., Saudi Arabian Oil Co., and YPF SA are some of the major market participants. The abundance of unconventional gas resources 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.
Unconventional Gas Market 2020-2024: Segmentation
Unconventional Gas 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=IRTNTR40159
Unconventional Gas 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 unconventional gas market report covers the following areas:
This study identifies technology development in hydraulic fracturing process as one of the prime reasons driving the unconventional gas 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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Unconventional Gas Market 2020-2024: Key Highlights
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
PART 09: GEOGRAPHIC LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
PART 16: EXPLORE TECHNAVIO
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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DALLAS--(BUSINESS WIRE)--The Trustees of Texas Pacific Land Trust (NYSE:TPL) (the “Trust”) announced today that, while the Trust continues to make progress toward effecting its planned corporate reorganization into a Delaware corporation, the Trust now aims to be in a position to move forward with the reorganization by the end of the fourth quarter of 2020.
The decision to extend the timeline was related in part to the large number of assets impacted by the reorganization and unanticipated effects of COVID-19 on working with governmental offices to obtain necessary information and update official records. This decision was also made following consultation with the members of the Conversion Exploration Committee. The Trust will continue to work toward completing the corporate reorganization but recognizes that ongoing impacts of COVID-19 and other unanticipated disruptions could continue to extend the intended timeframe despite the Trust’s efforts.
Further information regarding the corporate reorganization will be included in a registration statement on Form 10 for Texas Pacific Land Corporation when publicly filed with the Securities and Exchange Commission.
About Texas Pacific Land Trust
Texas Pacific Land Trust is one of the largest landowners in the State of Texas with approximately 900,000 acres of land in West Texas. The Trust was organized under a Declaration of Trust to receive and hold title to extensive tracts of land in the State of Texas, previously the property of the Texas and Pacific Railway Company, and to issue transferable Certificates of Proprietary Interest pro rata to the holders of certain debt securities of the Texas and Pacific Railway Company. Texas Pacific Land Trust’s Trustees are empowered under the Declaration of Trust to manage the lands with all the powers of an absolute owner. Texas Pacific Land Trust is not a REIT.
Visit the Trust at www.tpltrust.com.
Cautionary Statement Regarding Forward-Looking Statements
This news release may contain 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, that are based on the Trust’s beliefs, as well as assumptions made by, and information currently available to, the Trust, and therefore involve risks and uncertainties that are difficult to predict. Generally, future or conditional verbs such as “will,” “would,” “should,” “could,” or “may” and the words “believe,” “anticipate,” “continue,” “intend,” “expect” and similar expressions identify forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding the corporate reorganization and other references to strategies, plans, objectives, expectations, intentions, assumptions, future operations and prospects and other statements that are not historical facts. You should not place undue reliance on forward-looking statements. Although the Trust believes that plans, intentions and expectations, including those regarding the corporate reorganization, reflected in or suggested by any forward-looking statements made herein are reasonable, the Trust may be unable to achieve such plans, intentions or expectations and actual results, performance or achievements may vary materially and adversely from those envisaged in this news release due to a number of factors including, but not limited to: a determination of the Trustees of the Trust not to provide final approval of all actions and transactions necessary to effect the corporate reorganization; a determination that the corporate reorganization will not be tax-free to the Trust and holders of the Trust’s sub-share certificates; the SEC declining to declare effectiveness of filings necessary to effect the corporate reorganization; the NYSE declining to approve the listing of common stock of the new corporation on the NYSE; the occurrence of any event, change or other circumstances that could give rise to the abandonment of the corporate reorganization; changes or uncertainties in the expected timing, likelihood or completion of the corporate reorganization; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the corporate reorganization; the potential impacts of COVID-19 on the global and U.S. economies as well as on the Trust’s financial condition and business operations; risks related to disruption of management time from ongoing business operations due to the corporate reorganization; the initiation or outcome of potential litigation; and any changes in general economic and/or industry specific conditions. Except as required by law, the Trust undertakes no obligation to publicly update or revise any such forward-looking statements. For more information concerning factors that could cause actual results to differ from those expressed or referred to herein, see the Trust’s annual report on Form 10-K and quarterly reports on Form 10-Q filed with the SEC.
(214) 969-5530
Chris Steddum
Vice President, Finance and Investor Relations
DUBLIN--(BUSINESS WIRE)--The "Shale Gas Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The overall worldwide production of shale gas is about 535.915 bcm per year, in 2018.
The increase in domestic consumption of natural gas is likely to increase the demand for shale gas. Besides this, advancement in horizontal drilling technology and the development of hydraulic fracturing technology have made the shale gas production activity economically viable and also improved access to deeper shale gas deposits. However, technological advancement in the use of renewable energy and government environment policies have affected the shale gas market.
Environmental activists are protesting against shale gas & oil drilling and production activity as it requires lots of water and produced harmful emissions. Whereas, the European Union and many other country's governments are investing in renewable energy technology for clean energy requirements. This, in turn, is expected to hinder the growth of the shale gas market in the coming years.
Companies Mentioned
Key Market Trends
Increasing Environmental Concerns to Restrain the Market
North America to Dominate the Market
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Shale Gas Production and Forecast in billion cubic meter (BCM), till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Geography
5.1.1 North America
5.1.2 South America
5.1.3 Asia-Pacific
5.1.4 Europe
5.1.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/sd0y5t
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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New software solution will increase efficiency and improve visibility for the fuel distributor
ATLANTA--(BUSINESS WIRE)--#cloud--PDI (www.pdisoftware.com), a global provider of enterprise software solutions to the convenience retail, wholesale petroleum and logistics industries, announced Refuelling Solutions has chosen PDI Logistics Cloud to support its fuel delivery operation. PDI’s next-generation logistics software delivers a comprehensive, cloud-based solution that will enable the Australia-based fuel distributor to reduce its technology footprint and increase real-time operational visibility and control.
Refuelling Solutions, trading as Mini-Tankers and Maxi-Tankers, became a PDI customer following the software company’s 2018 acquisition of TouchStar Group. Today’s announcement comes after an extensive search by the fuel distributor to find a holistic solution that included advanced planning and dispatching, mobile capabilities, forecasting, telematics, compliance and analytics.
“We pride ourselves on being a forward-thinking company that employs innovative technology to help optimize our supply chain and deliver great customer service,” said Tony Hartin, Managing Director, Refuelling Solutions. “We needed a solution that could support our growing business. PDI’s consistent commitment to our success combined with the capabilities in their latest logistics software made them the best partner for us now and in the future.”
PDI’s expansion into the Asia Pacific region began a few years ago with several strategic acquisitions. Since then, the software company has continued investing in developing industry-specific, cloud-based solutions across its broad solutions portfolio. As PDI Logistics Cloud becomes broadly available, carriers will have access to a scalable, end-to-end solution to optimize and manage every part of their business.
“Refuelling Solutions has been part of the PDI customer family for several years, and we’re excited to see that relationship grow and expand in the coming years,” said Sid Gaitonde, senior vice president and general manager, Logistics Solutions, PDI. “More than ever, companies like Refuelling Solutions need technology to help them adapt in real-time to rapidly changing market conditions, maximize their margins and satisfy their customers. PDI is committed to being a trusted partner to businesses in the APAC region and around the world.”
About PDI
Professional Datasolutions, Inc. (PDI) helps convenience retailers and petroleum wholesalers thrive through digital transformation and enterprise software that enables them to grow topline revenue, optimize operations and unify their business across the entire value chain. Over 1,500 customers in more than 200,000 locations worldwide count on our leading ERP, logistics, fuel pricing and marketing cloud solutions to provide insights that increase volume, margin and customer loyalty. PDI owns and operates the Fuel Rewards® loyalty program that is consistently ranked as a top-performing fuel savings program year after year. For more than 35 years, our comprehensive suite of solutions and unmatched expertise have helped customers of any size reimagine their enterprise and deliver exceptional customer experiences. For more information about PDI, visit www.pdisoftware.com.
Cederick Johnson, PDI
+1 254.410.7600 I This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Flow Computer Oil Gas Market - Growth, Trends, Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The Flow Computer Oil Gas Market is expected to grow at a CAGR of 4.83% during the forecast period. The growth can be attributed to the growing need for reliable flow and high-tech computing systems and the continually evolving data computational capacity of flow computers.
Over the past decade, the shale boom and changing oil and gas markets have driven the growth of oil and gas production, much of which has been enabled by advancement in communications and computing technology. The modern shale production well pad designs require for 8 to 24 wells, each of which may produce oil and natural gas. The economics of the modern oil and gas field requires concentration of measurement controls in a single location.
Companies Mentioned
Key Market Trends
Evolving Data Computational Capacity of Flow Computers
North America to Hold the Largest Market Share
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Need for Reliable Flow and High-Tech Computing Systems
4.2.2 Continually Evolving Data Computational Capacity of Flow Computers.
4.3 Market Restraints
4.3.1 Cyber-Security Threats Deterring Deployment of Advanced Flow Computer Systems
4.3.2 Dynamic Changes in Oil & Gas Prices leading to Reduced Investment in Infrastructure
4.4 Industry Value Chain Analysis
4.5 Assessment of Impact of Covid-19 on the Industry
5 MARKET SEGMENTATION
5.1 Offering
5.1.1 Hardware
5.1.2 Software
5.2 Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 Latin America
5.2.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/czriic
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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CALGARY, Alberta--(BUSINESS WIRE)--Imperial (TSE: IMO, NYSE American: IMO) confirmed today that its Kearl oil sands operation has safely started ramping up production to normal rates following the return to service of a third-party diluent pipeline. The production impact of the outage is still being determined and will be updated at a later date.
Imperial’s first priority continues to be the safety of our employees, contractors and the communities where we operate.
Cautionary statement: Statements of future events or conditions in this release, including projections, targets, expectations, estimates, and business plans are forward-looking statements. Forward-looking statements in this release include, but are not limited to, references to the ramp up of the Kearl operation and the production impact of the outage still to be determined.
Forward-looking statements are based on the company's current expectations, estimates, projections and assumptions at the time the statements are made. Actual future financial and operating results, including expectations and assumptions concerning the restoration of diluent supply and operations related to the third-party pipeline; the ability to source alternate diluent supply if required; the company’s ability to effectively ramp up production at the facility; the company’s ability to effectively execute on its business response and continuity plans; production rates; applicable laws and government policies and actions, including restrictions in response to COVID-19; demand growth and energy source, supply and mix; general market conditions; commodity prices; and capital and environmental expenditures could differ materially depending on a number of factors. These factors include availability and performance of third-party service providers, including third-party pipelines and in light of restrictions related to COVID-19; unanticipated technical or operational difficulties, including unplanned maintenance in connection with facility ramp up; operational hazards and risks; management effectiveness and disaster response preparedness, including business continuity plans in response to COVID-19; the receipt, in a timely manner, of regulatory and third-party approvals; political or regulatory events, including changes in law or government policy such as actions in response to COVID-19; global, regional or local changes in supply and demand for oil, natural gas, and petroleum products and resulting price, differential and margin impacts; general economic conditions; and other factors discussed in Item 1A risk factors and Item 7 management’s discussion and analysis of financial condition and results of operations of Imperial’s most recent annual report on Form 10-K and subsequent interim reports on Form 10-Q.
Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to Imperial Oil Limited. Imperial’s actual results may differ materially from those expressed or implied by its forward-looking statements and readers are cautioned not to place undue reliance on them. Imperial undertakes no obligation to update any forward-looking statements contained herein, except as required by applicable law.
After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. As Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.
Source: Imperial
Investor relations
(587) 476-4743
Media relations
(587) 476-7010
DUBLIN--(BUSINESS WIRE)--The "Nigeria Energy Requirements Forecasted to 2050" report has been added to ResearchAndMarkets.com's offering.
The scope of this report is the analysis and forecast of energy carriers in Nigeria. Energy is the facilitator of activity. This report focuses on the energy generated from all energy sources in the country, both primary and secondary and quantifies useful energy available for consumption now (2020) and forecasted to 2050.
The various structural changes envisaged in the future such as the decommissioning of back-up generators and the entry of renewables such solar and wind, the emergence of the use of electric vehicles but the ongoing demand for liquid fuels as well as the fall in the demand for coal all form part of the parameters of the scope of the report.
The primary energy carriers of oil, natural gas, coal, hydro-electric and renewables are all analysed as useful energy in the hands of the consumer. Natural gas consumption is combined with the use of oil and coal where it plays the significant role in the generation of electricity The scope outlook is from 2020 to 2050 integrating all end-user energy carrier generation outputs into a coherent energy mix to meet the needs of an increasingly urbanized population and strongly growing economy.
Methodology
The principal methodology used in the report is applying econometric analysis modelling to an extensive database of global and Nigerian time series that include energy, economic, demographic and social indicators.
A global economic outlook and forecast to 2050 is compiled from seven regions which are benchmarked against forecasts from international bodies such as the OECD. The model allows for input by the user who can alter the forecasts to predict different scenarios. The next section deals with the global oil market and specifically with the international oil price. Here again, the user may alter the forecasted oil consumption levels in each of the seven regions. The oil price is forecast based on an ordinary least squares model econometric as outlined in the report.
The Nigerian macroeconomy is dealt with next where an extensive, national accounts forecast table is part of the model (which also allows user input) and is benchmarked to forecasts made by international organizations.
The energy carriers for Nigeria are individually analysed. In the case of oil, a virtual refinery is modeled with the base being the forecasted oil price. A refining margin is added and through the exchange rate petrol and diesel pump prices for Kenya are arrived at. However, the models for petrol and diesel built below both produced poor fits as evidenced by the low adjusted R-squared and hence had inferior predictive abilities. Hence other statistical techniques were used to forecast their values to
2050.
Electricity generation is the sum of the electricity produced by wind, solar, hydro, biomass, coal, oil, gas and back-up generator energy carriers. In the report, all these sources of energy are forecasted using econometric models and other modelling techniques.
Key Topics Covered:
List of Figures
Figure A - Consumption of Electrical Energy 2018 to 2050
Figure 1 - Maslow's Hierarchy of Needs Triangle
Figure 2 - Forecasts of Global Economic Growth
Figure 3 - Global Economic Growth: Selected Economies
Figure 4 - Nigeria Energy Forecasts 2020 to 2050: Economic Assumptions Table
Figure 5 - World Consumption of Primary Energy 2014 - 2018
Figure 6 - World Consumption of Primary Energy 2020 - 2050
Figure 7 - World Proven Oil Reserves
Figure 8 - Oil Econometric Model Statistics
Figure 9 - Ongoing Consumption of Oil while Price Declines due to Oversupply
Figure 10 - Nigerian Energy Forecasts 2020 to 2050: Oil Consumption Table
Figure 11 - Map Nigeria
Figure 12 - Gross Domestic Product at 2010 Constant Basic Prices
Figure 13 - Nigeria: Expenditure on GDP - 2010 Prices (Naira billions)
Figure 14 - Nigeria: Expenditure on GDP - 2010 Prices (Naira billions)
Figure 15 - Nigerian Economic Growth
Figure 16 - Nigerian Economic Growth closing in on the Population
Figure 17 - World Consumption of Primary Energy
Figure 18 - Position of the size of the Nigerian economy amongst its peers in the world
Figure 19 - Petrol Econometric Model Statistics
Figure 20 - Diesel Econometric Model Statistics
Figure 21 - Domestic Petroleum Product Consumption
Figure 22 - Liquid Fuels Demand
Figure 23 - Fossil Fuel Econometric Model Statistics
Figure 24 - Hydro Econometric Model Statistics
Figure 25 - Electricity Component Generators
Figure 26 - Consumption of Electrical Energy
Figure 27 - Long Term Average of PVOUT
Figure 28 - Distribution of Wind Energy
For more information about this report visit https://www.researchandmarkets.com/r/3zvmfn
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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Laura Wood, Senior Press Manager
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DALLAS--(BUSINESS WIRE)--HollyFrontier Corporation (NYSE:HFC) (“HollyFrontier” or the “Company”) announced today that it has priced an offering of $750 million aggregate principal amount of its senior notes, consisting of $350 million aggregate principal amount of 2.625% Senior Notes due 2023 (the “2023 Notes”) and $400 million aggregate principal amount of 4.500% Senior Notes due 2030 (the “2030 Notes” and, together with the 2023 Notes, the “Notes”) at a price to the public of 99.894% of the principal amount of the 2023 Notes and a price to the public of 99.824% of the principal amount of the 2030 Notes. The offering is expected to close on September 28, 2020, subject to customary closing conditions.
The Company intends to use the net proceeds from the offering for general corporate purposes, which may include capital expenditures.
Interest on the Notes will be payable on April 1 and October 1 of each year. The first interest payment on the Notes will be due on April 1, 2021.
BofA Securities, Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc. and TD Securities (USA) LLC are acting as joint book-running managers for the offering. The offering is being made pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission and only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from:
BofA Securities, Inc.
NC1-004-03-43
Attn: Prospectus Department
200 North College Street, 3rd Floor
Charlotte, North Carolina 28255-0001
Toll-free: 1-800-294-1322
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Toll-free: 1-800-831-9146
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
MUFG Securities Americas Inc.
1221 Avenue of the Americas, 6th Floor
New York, New York 10020
Toll-free: 1-877-649-6848
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TD Securities (USA) LLC
31 W 52nd Street
New York, New York 10019
Toll-free: 1-855-495-9846
An electronic copy of the prospectus supplement and accompanying prospectus will also be available on the website of the Securities and Exchange Commission at www.sec.gov.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Notes in any state or jurisdiction in which such offer, solicitation or sale of the Notes would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About HollyFrontier Corporation
HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other specialty products. HollyFrontier owns and operates refineries located in Kansas, Oklahoma, New Mexico and Utah and markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. In addition, HollyFrontier produces base oils and other specialized lubricants in the U.S., Canada and the Netherlands, and exports products to more than 80 countries. HollyFrontier also owns a 57% limited partner interest and a non-economic general partner interest in Holly Energy Partners, L.P., a master limited partnership that provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries.
The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995: The statements in this press release relating to matters that are not historical facts are “forward-looking statements” based on management’s beliefs and assumptions using currently available information and expectations as of the date hereof, are not guarantees of future performance and involve certain risks and uncertainties, including those contained in our filings with the Securities and Exchange Commission. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that our expectations will prove correct. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements. Any differences could be caused by a number of factors, including, but not limited to, the extraordinary market environment and effects of the COVID-19 pandemic, including the continuation of a material decline in demand for refined petroleum products in markets the Company serves; risks and uncertainties with respect to the actions of actual or potential competitive suppliers and transporters of refined petroleum products or lubricant and specialty products in the Company’s markets; the spread between market prices for refined products and market prices for crude oil; the possibility of constraints on the transportation of refined products or lubricant and specialty products, the possibility of inefficiencies, curtailments or shutdowns in refinery operations or pipelines, whether due to infection in the workforce or in response to reductions in demand; effects of governmental and environmental regulations and policies, including the effects of current restrictions on various commercial and economic activities in response to the COVID-19 pandemic; the availability and cost of financing to the Company, the effectiveness of the Company’s capital investments and marketing strategies, the Company’s efficiency in carrying out and consummating construction projects, including the Company's ability to complete announced capital projects, such as the conversion of the Cheyenne Refinery to a renewable diesel facility and the construction of the Artesia renewable diesel unit and pretreatment unit, on time and within budget; the Company's ability to timely obtain or maintain permits, including those necessary for operations or capital projects; the ability of the Company to acquire refined or lubricant product operations or pipeline and terminal operations on acceptable terms and to integrate any existing or future acquired operations; the possibility of terrorist or cyberattacks and the consequences of any such attacks; general economic conditions, including uncertainty regarding the timing, pace and extent of an economic recovery in the United States; further deterioration in gross margins or a prolonged economic slowdown due to COVID-19 could result in an impairment of goodwill and / or additional long-lived asset impairments; and other financial, operational and legal risks and uncertainties detailed from time to time in the Company’s Securities and Exchange Commission filings. The forward-looking statements speak only as of the date made and, other than as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Richard L. Voliva III, Executive Vice President and Chief Financial Officer
Craig Biery, Vice President, Investor Relations
HollyFrontier Corporation
214-954-6510
DUBLIN--(BUSINESS WIRE)--The "Kenyan Energy Requirements Forecasted to 2050" report has been added to ResearchAndMarkets.com's offering.
The scope of this report is the analysis and forecast of energy carriers in Kenya. The report focuses on the energy generated from all sources in the country, both primary and secondary. It quantifies useful energy available for consumption now (2020) and forecast to 2050.
Kenya's energy journey from a primary biomass-based country through geothermal, hydro and solar and wind are all analysed in detail and forecasted over the period. Government's Kenya Vision 2030 aspires to transform Kenya from low income status into a middle-income country and a key element to this vision is a lower cost of power reaching more broadly across the population. The Programme for Infrastructure Development in Africa is forecasting an additional 140,000 MW of power over for the East African Power Pool. Kenya's share of this is 13,852 MW of planned peak demand by 2038 or an increase of just over 11,000 MW over this 20-year period.
Kenya is moving towards procuring more of its additional power from wind and solar. In recent years the substantial growth in hydro, wind and solar energy led to a decline in generation from oil, gas and coal sources and electricity imports. The report analyses the expected progress of renewable energy over the forecasted period.
The scope outlook is from 2020 to 2050 integrating all end user energy carrier generation outputs into a coherent energy mix to meet the needs of an increasingly urbanized population and growing economy.
Corona Virus Pandemic
The report includes an analysis of the effects of the virus on the Kenyan economy and the sectors most impacted by the pandemic.
Methodology
The principal methodology used in the report is applying econometric analysis modelling to an extensive database of global and Kenyan time series that include energy, economic, demographic and social indicators.
A global economic outlook and forecast to 2050 is compiled from seven regions which are benchmarked against forecasts from international bodies such as the OECD. The model allows for input by the user who can alter the forecasts to predict different scenarios. The next section deals with the global oil market and specifically with the international oil price. Here again the user may alter the forecasted oil consumption levels in each of the seven regions. The oil price is forecast based on an ordinary least squares econometric model as outlined in the report.
An extensive, national accounts forecast table is part of the model (which also allows us-er input) and is benchmarked to forecasts made by international organizations e.g. OECD and EIA).
The energy carriers for Kenya are individually analysed. In the case of oil, a virtual refinery is modeled with the base being the forecasted oil price. A refining margin is added and through the exchange rate petrol and diesel pump prices for Kenya is arrived at. The price for petrol is forecast to 2050 as part of the petrol econometric model used together with real household consumption expenditure to arrive at petrol volumes. Diesel volumes are forecast using real Gross Domestic Fixed Investment, the Kenyan Urban Population and Kenya Petrol sales.
Electricity generation is the sum of the electricity produced by wind, solar, hydro, biomass, coal, oil, gas and geothermal energy carriers. In the report all these sources of energy are forecasted using econometric models and other modelling techniques.
Key Topics Covered:
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/t6un9
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LONDON--(BUSINESS WIRE)--#ContainerLeasingMarket--Technavio has been monitoring the global container leasing market size and it is poised to grow by 26.35 million teu during 2020-2024, progressing at a CAGR of almost 17% 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. Blue Sky Intermodal (UK) Ltd., CAI International Inc., Eurotainer SA, Florens Asset Management Co. Ltd., Mitsubishi UFJ Lease & Finance Co. Ltd., Seaco, SeaCube Container Leasing Ltd., Textainer Group Holdings Ltd., Touax SCA, and Triton International 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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The growth in international containerized seaborne trade has been instrumental in driving the growth of the market. However, fluctuations in container leasing rates 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.
Container Leasing Market 2020-2024: Segmentation
Container Leasing Market is segmented as below:
Container Leasing 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 container leasing market report covers the following areas:
This study identifies the increase in the number of free trade agreements and the formation of trade blocs as one of the prime reasons driving the Container Leasing 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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Container Leasing Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by container 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.
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Website: www.technavio.com/
Chevron’s Delo Traveling Technology Lab wins top honors for Best Road Show & Multivenue Event Activation
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Products Company, a division of Chevron U.S.A. Inc., maker of technologically advanced engine oils, lubricants and coolants, is proud to announce the Delo® Traveling Technology Lab (DTTL) has been awarded top honors for best road show & multivenue event by EXHIBITOR Magazine, a leading publication for trade show and event exhibitions. EXHIBITOR’s Corporate Event Awards are judged on the level of innovation and their measurable results.
“The Delo Traveling Technology Lab represents a massive step change in how Chevron brings information to customers by leveraging advantages in digital technology delivered in the most compelling way,” said James Booth, Commercial Sector Manager, North America at Chevron. “We’re proud to accept this award in recognition of the value we are bringing to our customers by helping the heavy-duty trucking and equipment industry understand the latest trends and providing timely business insights.”
The Chevron DTTL consists of 11 interactive exhibits, including the use of virtual reality (VR) and augmented reality (AR). Centered inside and outside a double-sized trailer, attendees have the opportunity to build a maintenance shop, fly through an engine in VR, formulate oil, test their coolant, select the best products for the vehicles, and take a closer look at proof of performance in AR. The interactive exhibits cohesively tell the story of the life of a heavy-duty powertrain and how lubricant technology can impact the bottom line of businesses that depend on heavy-duty trucks and equipment.
The level of engagement the Chevron DTTL has brought to customers and the feedback from exhibit visitors validates Chevron’s customer-focused and forward-thinking methods of industry and product education. Chevron is proud of the ways this unique digital experience has elevated customer awareness of complex technical information, with the result of enabling customers to better understand the needs of their heavy-duty vehicles and equipment and the solutions available to meet those needs.
In addition to the overwhelmingly positive feedback Chevron has received from exhibit visitors, this industry-leading award amplifies Chevron’s determination to provide above-and-beyond customer service.
“The fact this award is global, judged by a formidable multidisciplinary panel, and has a prestigious list of former winners, is a testament to the vision and fortitude of the DTTL team, including agency partner Deckel & Moneypenny,” said Booth. “As the world continues to adjust to uncertainties around when public gatherings will recommence, it is the forward-thinking approach that has readily allowed Chevron to pivot to virtual events.”
About Chevron Products Company
Chevron Products Company is a division of an indirect, wholly owned subsidiary of Chevron Corporation (NYSE: CVX) headquartered in San Ramon, CA. A full line of lubrication and coolant products are marketed through this organization. Select brands include Havoline®, Delo® and Havoline Xpress Lube®. Chevron Intellectual Property LLC owns patented technology in advanced lubricants products, new generation base oil technology and coolants.
For more information go to: www.ChevronLubricants.com
Ryan Donough
BCW for Chevron’s Delo Brand
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415-403-8311
Inquiry Framework, procedures and rules defined
CALGARY, Alberta--(BUSINESS WIRE)--The Alberta Public Inquiry into foreign funding of anti-Alberta energy campaigns has established a framework for conducting the Inquiry’s engagement with specific parties about the information gathered to date.
“For this engagement, I have posted the Rules for Procedure and Practice, accompanied by my Ruling on Interpretation of the Terms of Reference (together, the Inquiry Framework), in order to provide clarity and formality, which will lead to findings to be contained within a final report to be sent to Alberta’s Energy Minister, and subsequently released publicly,” said Steve Allan, Commissioner of the Alberta Public Inquiry.
“I anticipate this engagement process will be conducted primarily in writing, including an exchange of correspondence and written submissions, by parties who are granted standing to review and respond to issues of interest to the Inquiry. Additional face-to-face meetings may also be conducted. I am conscious of striking a balance between the need for an efficient and cost-effective process, and the importance of ensuring parties are treated fairly and given a reasonable opportunity to respond to matters that may affect their interests,” Allan said.
The Inquiry Framework, containing the Ruling on Interpretation of the Terms of Reference and the Rules for Procedure and Practice, is posted on the Inquiry website www.albertainquiry.ca.
Background
In July 2019, the Government of Alberta launched the Alberta inquiry, under the Public Inquiries Act, into the anti-Alberta energy campaigns that are supported by foreign organizations. Steve Allan, a Calgary forensic and restructuring accountant with 40 years of experience, was appointed as the Commissioner to lead the Inquiry.
Alan Boras
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: 403.630.4911
Website: www.albertainquiry.ca
DALLAS--(BUSINESS WIRE)--Amen Properties, Inc. (Pink Sheets: AMEN) today announced financial results for its fiscal quarter ended June 30, 2020. The Company posted quarterly revenue of $20 thousand and a net loss of $(108) thousand. These results compare to revenue of $642 thousand and net income of $58 thousand for the same quarter last year. The Company’s decline in revenue and profitability for the quarter was driven by decreases in oil and gas production and commodity prices.
Amen announced that the Company’s Board of Directors has approved the payment of a quarterly dividend of $10 per share, to be paid on September 30, 2020 to shareholders of record as of the close of business on September 23, 2020.
Finally, Amen reiterated that its Board has approved a plan whereby the Company will no longer hedge the revenue stream associated with its oil and gas royalties. “Shareholders of Amen need to understand that they hold an un-hedged long oil and gas position and should pursue their own hedging strategy if they are uncomfortable with that risk,” said Kris Oliver, Amen’s Chief Financial Officer.
The Company’s 2020 second quarter report is available for viewing or download from the company’s web site – www.amenproperties.com.
About Amen Properties:
Amen Properties owns a portfolio of properties including real estate and oil and gas interests.
Cautionary Statement:
This document contains forward-looking statements, which involve a number of risks and uncertainties that could cause our actual results to differ materially from those reflected in the forward-looking statements. Forward-looking statements can be identified by use of the words "expect," "project," "may," "might," potential," and similar terms. AMEN Properties, Inc. ("Amen", "we" or the "Company") cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Amen's control. These factors include, but are not limited to, our ability to implement our strategic initiatives, economic, political and market conditions and price fluctuations, government and industry regulation, U.S. and global competition and other factors. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Press and Investor Relations Contact:
Kris Oliver
(972) 999-0494
DUBLIN--(BUSINESS WIRE)--The "Green Technology and Sustainability Market Research Report: By Technology, Application - Global Industry Size, Share, Trends, Growth Analysis and Forecast Report to 2030" report has been added to ResearchAndMarkets.com's offering.
Compared to $8.3 billion in 2019, the industry is predicted to generate revenue of $57.8 billion in 2030. Additionally, between 2020 and 2030 (forecast period), the market would advance at a CAGR of 20.0%.
Due to the rising awareness about the harmful effects of greenhouse gas emission on the environment, the need for low-carbon electricity is increasing, which is driving the global green technology and sustainability market. Governments and utility firms around the world are focusing on generate power from renewable sources like the sun, wind, and water, to reduce the carbon footprint. By employing artificial intelligence (AI), the created energy can be stored for cloudy days, when the photovoltaic (PV) panels cannot function.
Thus, with an increase in the renewable power capacity and integration of advanced systems to store the energy, the green technology and sustainability market is growing.
Green Buildings to be Largest Application Area till 2030
Green buildings are expected to continue dominating the green technology and sustainability market till 2030. This is attributed to the fact that since buildings consume a lot of power, thus resulting in air pollution, the focus on making them energy-efficient is dire. By using green technologies during the construction and operation of buildings, the energy usage and wastage can be significantly reduced, therefore despite their high capital requirement, they are finding widespread adoption, thus driving the market.
During the forecast period, the AI and analytics category would witness the fastest growth in the green technology and sustainability market, at a CAGR of 21.5%. It would be because of rapid adoption of these technologies in urban planning advancement, ecological outline creation for building structures, and spatial evaluation. In addition, to transition to smart manufacturing processes, the adoption of AI and analytics is necessary.
In 2019, North America was the largest green technology and sustainability market, due to the heavy investments granted to the residential, industrial, and commercial sectors for the deployment of emerging technologies, by private and public companies. In the coming years, Asia-Pacific (APAC) is projected to grow the fastest in the industry, on account of the increasing awareness about environmental damage. Further, with the booming population, the demand for electricity is rising, which contributed to global warming, ultimately.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Technology
4.1.1.1 IoT
4.1.1.2 AI and analytics
4.1.1.3 Cloud computing
4.1.1.4 Blockchain
4.1.1.5 Digital twin
4.1.1.6 Others
4.1.2 By Application
4.1.2.1 Green buildings
4.1.2.2 Environment management
4.1.2.3 Air quality management
4.1.2.4 Water and wastewater management
4.1.2.5 Solid waste management
4.1.2.6 Climate change management
4.1.2.7 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Integration of IoT in EMSs
4.3.1.2 Increasing usage of smart grids
4.3.2 Drivers
4.3.2.1 Shifting focus on renewable energy sources
4.3.2.2 Rising demand for low-carbon electricity generation
4.3.2.3 Electrical energy price volatility
4.3.2.4 Favorable government initiatives
4.3.2.5 Rising adoption of building automation
4.3.2.6 Rising need to reduce operating costs
4.3.2.7 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Energy networks vulnerable to cyberattacks
4.3.3.2 Huge costs of deployment
4.3.3.3 Long payback period for energy-intensive industries
4.3.3.4 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Use of AI-enabled robots for improved sustainability management
4.3.4.2 Technological developments at workplace and asset management
4.4 Porter's Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Technology
5.2 By Application
5.3 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 Competitive Analysis
11.2 List of Players and Their Offerings
11.3 Strategic Developments of Players
11.3.1 Mergers and Acquisitions
11.3.2 Partnerships
11.3.3 Product Launches
11.3.4 Client Wins
Chapter 12. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/7h65ku
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LEAWOOD, Kan.--(BUSINESS WIRE)--Tallgrass Energy Partners, LP (“TEP”) announced today that it, along with Tallgrass Energy Finance Corp., a subsidiary of TEP, priced an upsized offering of $600 million in aggregate principal amount of 7.500% senior unsecured notes due 2025 at an offering price equal to 100% of par (the “Notes Offering”).
The Notes Offering is expected to close September 16, 2020, subject to satisfaction of customary closing conditions. TEP intends to use the net proceeds of the Notes Offering to repay a portion of the outstanding borrowings under its existing senior secured revolving credit facility.
The securities to be offered have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws. Unless so registered, the securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. TEP plans to offer and sell the securities only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act.
About Tallgrass Energy
Tallgrass Energy is a leading energy and infrastructure company operating across 11 states with transportation, storage, terminal, water, gathering and processing assets that serve some of the nation’s most prolific crude oil and natural gas basins.
Investor and Financial Inquiries
Andrea Attel, (913) 928-6012
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or
Media and Trade Inquiries
Phyllis Hammond, (303) 763-3568
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WARRENVILLE, Ill.--(BUSINESS WIRE)--Fuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced that President & CEO Vincent J. Arnone is scheduled to present at the 22nd Annual H.C. Wainwright Global Investment Conference on Tuesday, September 15, 2020 at 10:00 am EDT. The presentation will be accessible on the "Investor Relations" section of Fuel Tech’s website at www.ftek.com.
About Fuel Tech
Fuel Tech develops and commercializes state-of-the-art proprietary technologies for air pollution control, process optimization, water treatment, and advanced engineering services. These technologies enable customers to operate in a cost-effective and environmentally sustainable manner. Fuel Tech is a leader in nitrogen oxide (NOx) reduction and particulate control technologies and its solutions have been in installed on over 1,200 utility, industrial and municipal units worldwide. The Company’s FUEL CHEM® technology improves the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion, and opacity. Water treatment technologies include DGI™ Dissolved Gas Infusion Systems which utilize a patented nozzle to deliver supersaturated oxygen solutions and other gas-water combinations to target process applications or environmental issues. This infusion process has a variety of applications in the water and wastewater industries, including remediation, aeration, biological treatment, and wastewater odor management. Many of Fuel Tech’s products and services rely heavily on the Company’s exceptional Computational Fluid Dynamics modeling capabilities, which are enhanced by internally developed, high-end visualization software. For more information, visit Fuel Tech’s web site at www.ftek.com.
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements” as defined in Section 21E of the Securities Exchange Act of 1934, as amended, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and reflect Fuel Tech’s current expectations regarding future growth, results of operations, cash flows, performance and business prospects, and opportunities, as well as assumptions made by, and information currently available to, our management. Fuel Tech has tried to identify forward-looking statements by using words such as “anticipate,” “believe,” “plan,” “expect,” “estimate,” “intend,” “will,” and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. These statements are based on information currently available to Fuel Tech and are subject to various risks, uncertainties, and other factors, including, but not limited to, those discussed in Fuel Tech’s Annual Report on Form 10-K in Item 1A under the caption “Risk Factors,” and subsequent filings under the Securities Exchange Act of 1934, as amended, which could cause Fuel Tech’s actual growth, results of operations, financial condition, cash flows, performance and business prospects and opportunities to differ materially from those expressed in, or implied by, these statements. Fuel Tech undertakes no obligation to update such factors or to publicly announce the results of any of the forward-looking statements contained herein to reflect future events, developments, or changed circumstances or for any other reason. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those detailed in Fuel Tech’s filings with the Securities and Exchange Commission.
Vince Arnone
President and CEO
(630) 845-4500
Devin Sullivan
Senior Vice President
The Equity Group Inc.
(212) 836-9608
NEW YORK--(BUSINESS WIRE)--#exploration--Hess Corporation (NYSE:HES) announced today that John Hess, Chief Executive Officer, will participate in a Fireside Chat at the J.P. Morgan U.S. All Stars Conference September 15 at noon Eastern Time.
A live audio webcast and a replay of the discussion will be accessible via Hess Corporation’s website.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/.
Cautionary Statements
This presentation will contain projections and other 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. These projections and statements reflect the company’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain risk factors. A discussion of these risk factors is included in the company’s periodic reports filed with the Securities and Exchange Commission.
Investors:
Jay Wilson
(212) 536-8940
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Media:
Lorrie Hecker
(212) 536-8250
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DUBLIN--(BUSINESS WIRE)--The "Light Tower Market - By Lighting, By Application, and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019-2025" report has been added to ResearchAndMarkets.com's offering.
This report analyzes and estimates the light tower market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with the forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the light tower market drivers and restraints along with their impact analysis at a global level from 2015 to 2025.
The report covers an in-depth analysis of the strategies adopted by major competitors in the global light tower market. To understand the competitive landscape in the light tower market, an analysis of Porter's Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.
The research study provides a decisive view on the global light tower market based on lighting, product, technology, power source, application, and region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2019 to 2025.
Deployment of light towers is generally favored at mining, construction, and oil & gas sites to ensure safety while performing operations. Owing to the significantly increasing construction projects across the globe and growing fatality rate at worksites owing to insufficient lighting conditions, the demand for light towers is likely to propel drastically throughout the study timeframe, thereby escalating the global light tower market.
The global light tower market is segmented as:
Global Light Tower Market: By Lighting Segmentation Analysis
Global Light Tower Market: By Product Segmentation Analysis
Global Light Tower Market: By Technology Segmentation Analysis
Global Light Tower Market: By Power Source Segmentation Analysis
Global Light Tower Market: By Application Segmentation Analysis
Global Light tower Market: Regional Segmentation Analysis
Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/vdbxzr
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
LONDON--(BUSINESS WIRE)--#energyindustry--Infiniti Research is the world's leading independent provider of strategic market intelligence solutions. Our market intelligence services are designed to connect your organization’s goals with global opportunities. Infiniti Research has announced the completion of its latest article on spearheading transformations in the oil and gas supply chain.
As the supply chain spending by operators has been cut back due to crumbling crude prices, the Oil Field Services and Equipment companies (OFSE) have been losing business. To cope with the changing market conditions, companies in the oil and gas industry have cut down costs and, in some cases, made changes to their business models to thrive. Players in the oil and gas industry are confronting significant strategic challenges and complex decision-making due to volatile market conditions. Request a free proposal to know more about how we can help oil and gas companies formulate sustainable business strategies.
According to experts at Infiniti Research, here are some critical considerations for the C-suite in the oil and gas sector to stabilize revenues and cope with market transformations:
Cost-cutting
The oil and gas industry has grown exponentially over the years, owing to soaring crude prices in both domestic and international markets. However, the current oil and gas industry landscape and the recurring need to cut down prices have come as a big blow for oil and gas companies. Operators are now rediscovering the spirit of efficiency to overcome these challenging times. Tactical initiatives such as project postponements, expenditure cuts, and staff reductions are increasingly being given importance, and OFSE firms are responding by cutting back on their own service and manufacturing footprint to cope with less activity, lowering their costs for solutions delivered.
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New revenue models
New revenue models have emerged in the oil and gas sector, including performance-based contracts that combine equipment and services and participation in project financing. This allows oil and gas companies to give operators more flexibility by reducing their cost base and need for investment during challenging times.
Investment in new technologies
Investments in modern technologies are facilitating oil and gas companies to capture new growth and attain sustainability. Many OFSEs now are redesigning equipment using modular designs to drive out inefficiencies and achieve maximum cost reduction.
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About Infiniti Research
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