LONDON--(BUSINESS WIRE)--#FuelOilMarket--Technavio has been monitoring the fuel oil market and it is expected to decline by USD 84.77 billion during 2020-2024. 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., Exxon Mobil Corp., JXTG Holdings Inc., PJSC LUKOIL, PT Pertamina(Persero), Qatar Petroleum, Reliance Industries Ltd., Royal Dutch Shell Plc, and SK Innovation Co. Ltd. are some of the major market participants. The rise in world energy demand 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.
Fuel Oil Market 2020-2024: Segmentation
Fuel Oil 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=IRTNTR44370
Fuel Oil 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 fuel oil market report covers the following areas:
This study identifies rise in world refining capacity as one of the prime reasons driving the fuel oil 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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Fuel Oil Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
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DUBLIN--(BUSINESS WIRE)--The "Global Biofuels Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The biofuels market is poised to grow by $ 19.44 billion during 2020-2024 progressing at a CAGR of 3% during the forecast period.
The report on the biofuels market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increased adoption of renewable sources of energy and rising need for cleaner fuels.
The biofuels market analysis includes product segment and geographic landscapes. This study identifies the increasing government support as one of the prime reasons driving the biofuels market growth during the next few years.
Companies Mentioned
The biofuels market covers the following areas:
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Product
6. Customer Landscape
7. Geographic Landscape
8. Vendor Landscape
9. Vendor Analysis
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/ir3ndz
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LONDON--(BUSINESS WIRE)--#MultimodalTransportationMarketforChemicalandPetroleumIndustryinUS--Technavio has been monitoring the multimodal transportation market for chemical and petroleum industry in US and it is poised to grow by USD 480.14 million during 2020-2024, progressing at a CAGR of over 3% 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. BDP International Inc., C.H. Robinson Worldwide Inc., Crowley Maritime Corp., Deutsche Post DHL Group, Kuehne + Nagel International AG, MARUBENI LOGISTICS Corp., Mitsubishi Logistics Corp., Schenker AG, Transport Maritime et Transit USA Inc., and YUSEN LOGISTICS Co. Ltd. are some of the major market participants. The reduction in the freight transportation costs 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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View market snapshot before purchasing
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.
Multimodal Transportation Market for Chemical and Petroleum Industry in US 2020-2024: Segmentation
Multimodal Transportation Market for Chemical and Petroleum Industry in US 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=IRTNTR44396
Multimodal Transportation Market for Chemical and Petroleum Industry in US 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 multimodal transportation market for chemical and petroleum industry in US report covers the following areas:
This study identifies increasing growth in non-conventional oil production and refining capacity as one of the prime reasons driving the multimodal transportation market growth for chemical and petroleum industry in US 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.
Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform
Multimodal Transportation Market for Chemical and Petroleum Industry in US 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Transportation-mode
Customer landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
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Website: www.technavio.com/
Creating a Leading Energy Company Focused on Generating Free Cash Flow and Return of Capital to Shareholders
TULSA, Okla.--(BUSINESS WIRE)--Devon Energy (“Devon”) (NYSE: DVN) and WPX Energy (“WPX”) (NYSE: WPX) today announced they have entered into an agreement to combine in an all-stock merger of equals transaction.
The strategic combination will create a leading unconventional oil producer in the U.S., with an asset base underpinned by a premium acreage position in the economic core of the Delaware Basin.
The combined company, which will be named Devon Energy, will benefit from enhanced scale, improved margins, higher free cash flow and the financial strength to accelerate the return of cash to shareholders through an industry-first “fixed plus variable” dividend strategy.
TRANSACTION DETAILS
Under the terms of the agreement, WPX shareholders will receive a fixed exchange ratio of 0.5165 shares of Devon common stock for each share of WPX common stock owned. The exchange ratio, together with closing prices for Devon and WPX on Sept. 25, 2020, results in an enterprise value for the combined entity of approximately $12 billion.
Upon completion of the transaction, Devon shareholders will own approximately 57 percent of the combined company and WPX shareholders will own approximately 43 percent of the combined company on a fully diluted basis.
The transaction, which is expected to close in the first quarter of 2021, has been unanimously approved by the boards of directors of both companies. Funds managed by EnCap Investments L.P. own approximately 27 percent of the outstanding shares of WPX and have entered into a support agreement to vote in favor of the transaction. The closing of the transaction is subject to customary closing conditions, including approvals by Devon and WPX shareholders.
CEO COMMENTARY
“This merger is a transformational event for Devon and WPX as we unite our complementary assets, operating capabilities and proven management teams to maximize our business in today’s environment, while positioning our combined company to create value for years to come,” said Dave Hager, Devon’s president and CEO.
“Bringing together our asset bases will drive immediate synergies and enable the combined company to accelerate free cash flow growth and return of capital to shareholders. In addition to highly complementary assets, Devon and WPX have similar values, and a disciplined returns-oriented focus, reinforcing our belief that this is an ideal business combination,” Hager added.
“This merger-of-equals strengthens our confidence that we will achieve all of our five-year targets outlined in late 2019,” said Rick Muncrief, WPX’s chairman and CEO.
“The combined company will be one of the largest unconventional energy producers in the U.S. and with our enhanced scale and strong financial position, we can now accomplish these objectives for shareholders more quickly and efficiently. We will create value for shareholders of both companies through the disciplined management of our combined assets and an unwavering focus on profitable, per-share growth,” Muncrief added.
STRATEGIC RATIONALE
LEADERSHIP AND HEADQUARTERS
Following the merger, the board of directors will consist of 12 members, 7 directors from Devon and 5 from WPX including the lead independent director. Dave Hager will be appointed executive chairman of the board, and Rick Muncrief will be named president and CEO.
The combined company’s executive team will include Jeff Ritenour as executive vice president and chief financial officer, Clay Gaspar as executive vice president and chief operating officer, David Harris as executive vice president and chief corporate development officer, Dennis Cameron as executive vice president and general counsel, and Tana Cashion as senior vice president of human resources. The combined company will be headquartered in Oklahoma City.
PRELIMINARY PRO FORMA 2021 OUTLOOK
Detailed forward-looking guidance for the full-year 2021 will be provided upon closing of the transaction. Based on current supply and demand dynamics, product inventory levels, and other leading economic indicators, the company expects to design capital activity plans to maintain base production.
The maintenance capital requirements to keep oil production flat in 2021 versus 2020 fourth-quarter exit rates of greater than 280,000 barrels per day is estimated at approximately $1.7 billion. Pro forma for cost synergies, these maintenance capital requirements in 2021 are estimated to be funded at $33 WTI and $2.75 Henry Hub pricing.
ADVISORS
J.P. Morgan Securities LLC is serving as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal advisor to Devon. Citi is serving as financial advisor and Kirkland & Ellis LLP is serving as legal advisor to WPX. Vinson & Elkins LLP is serving as legal advisor to EnCap Investments L.P.
CONFERENCE CALL WEBCAST AND ADDITIONAL MATERIALS
Devon and WPX will discuss this transaction today on a conference call and webcast at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). Institutional investors and analysts are invited to participate in the call by dialing (833) 241-4259, or (647) 689-4210 for international calls using conference ID: 9744729.
Other interested parties, including individual investors, members of the media and employees of Devon and WPX, are encouraged to participate via webcast. The webcast may be accessed from Devon's home page at www.devonenergy.com or WPX’s home page at www.wpxenergy.com.
ABOUT THE COMPANIES
Devon Energy is a leading independent energy company engaged in finding and producing oil and natural gas. Based in Oklahoma City and included in the S&P 500, Devon operates in several of the most prolific oil and natural gas plays in the U.S. with an emphasis on achieving strong corporate-level returns and capital-efficient cash-flow growth.
WPX is an independent energy producer with core positions in the Permian and Williston basins. WPX’s production is approximately 80 percent oil/liquids and 20 percent natural gas. The company also has an infrastructure portfolio in the Permian Basin. Visit www.wpxenergy.com for more information.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
In connection with the proposed merger (the “Proposed Transaction”) of Devon Energy Corporation (“Devon”) and WPX Energy, Inc. (“WPX”), Devon will file with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 to register the shares of Devon’s common stock to be issued in connection with the Proposed Transaction. The registration statement will include a document that serves as a prospectus of Devon and a proxy statement of each of Devon and WPX (the “joint proxy statement/prospectus”), and each party will file other documents regarding the Proposed Transaction with the SEC. INVESTORS AND SECURITY HOLDERS OF DEVON AND WPX ARE ADVISED TO READ THE REGISTRATION STATEMENT, THE JOINT PROXY STATEMENT/PROSPECTUS, INCLUDING ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, AND ANY OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT DEVON, WPX, THE PROPOSED TRANSACTION AND RELATED MATTERS. A definitive joint proxy statement/prospectus will be sent to the stockholders of each of Devon and WPX when it becomes available. Investors and security holders will be able to obtain copies of the registration statement and the joint proxy statement/prospectus and other documents containing important information about Devon and WPX free of charge from the SEC’s website when it becomes available. The documents filed by Devon with the SEC may be obtained free of charge at Devon’s website at www.devonenergy.com or at the SEC’s website at www.sec.gov. These documents may also be obtained free of charge from Devon by requesting them by mail at Devon, Attn: Investor Relations, 333 West Sheridan Ave, Oklahoma City, OK 73102. The documents filed by WPX with the SEC may be obtained free of charge at WPX’s website at www.wpxenergy.com or at the SEC’s website at www.sec.gov. These documents may also be obtained free of charge from WPX by requesting them by mail at WPX, Attn: Investor Relations, P.O. Box 21810, Tulsa, OK 74102.
PARTICIPANTS IN THE SOLICITATION
Devon, WPX and certain of their respective directors, executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from Devon’s and WPX’s stockholders with respect to the Proposed Transaction. Information about Devon’s directors and executive officers is available in Devon’s Annual Report on Form 10-K for the 2019 fiscal year filed with the SEC on February 19, 2020, and its definitive proxy statement for the 2020 annual meeting of shareholders filed with the SEC on April 22, 2020. Information about WPX’s directors and executive officers is available in WPX’s Annual Report on Form 10-K for the 2019 fiscal year filed with the SEC on February 28, 2020 and its definitive proxy statement for the 2020 annual meeting of shareholders filed with the SEC on March 31, 2020. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the registration statement, the joint proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the Proposed Transaction when they become available. Stockholders, potential investors and other readers should read the joint proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions.
NO OFFER OR SOLICITATION
This communication is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
FORWARD LOOKING STATEMENTS
This communication includes “forward-looking statements” as defined by the SEC. Such statements include those concerning strategic plans, Devon’s and WPX’s expectations and objectives for future operations, as well as other future events or conditions, and are often identified by use of the words and phrases such as “expects,” “believes,” “will,” “would,” “could,” “continue,” “may,” “aims,” “likely to be,” “intends,” “forecasts,” “projections,” “estimates,” “plans,” “expectations,” “targets,” “opportunities,” “potential,” “anticipates,” “outlook” and other similar terminology. All statements, other than statements of historical facts, included in this communication that address activities, events or developments that Devon or WPX expects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond Devon’s and WPX’s control. Consequently, actual future results could differ materially from Devon’s and WPX’s expectations due to a number of factors, including, but not limited to: the risk that Devon’s and WPX’s businesses will not be integrated successfully; the risk that the cost savings, synergies and growth from the Proposed Transaction may not be fully realized or may take longer to realize than expected; the diversion of management time on transaction-related issues; the effect of future regulatory or legislative actions on the companies or the industries in which they operate, including the risk of new restrictions with respect to hydraulic fracturing or other development activities on Devon’s or WPX’s federal acreage or their other assets; the risk that the credit ratings of the combined company or its subsidiaries may be different from what the companies expect; the risk that Devon or WPX may be unable to obtain governmental and regulatory approvals required for the Proposed Transaction, or that required governmental and regulatory approvals may delay the Proposed Transaction or result in the imposition of conditions that could reduce the anticipated benefits from the Proposed Transaction or cause the parties to abandon the Proposed Transaction; the risk that a condition to closing of the Proposed Transaction may not be satisfied; the length of time necessary to consummate the Proposed Transaction, which may be longer than anticipated for various reasons; potential liability resulting from pending or future litigation; changes in the general economic environment, or social or political conditions, that could affect the businesses; the potential impact of the announcement or consummation of the Proposed Transaction on relationships with customers, suppliers, competitors, management and other employees; the ability to hire and retain key personnel; reliance on and integration of information technology systems; the risks associated with assumptions the parties make in connection with the parties’ critical accounting estimates and legal proceedings; the volatility of oil, gas and natural gas liquids (NGL) prices; uncertainties inherent in estimating oil, gas and NGL reserves; the impact of reduced demand for our products and products made from them due to governmental and societal actions taken in response to the COVID-19 pandemic; the uncertainties, costs and risks involved in Devon’s and WPX’s operations, including as a result of employee misconduct; natural disasters, pandemics, epidemics (including COVID-19 and any escalation or worsening thereof) or other public health conditions; counterparty credit risks; risks relating to Devon’s and WPX’s indebtedness; risks related to Devon’s and WPX’s hedging activities; competition for assets, materials, people and capital; regulatory restrictions, compliance costs and other risks relating to governmental regulation, including with respect to environmental matters; cyberattack risks; Devon’s and WPX’s limited control over third parties who operate some of their respective oil and gas properties; midstream capacity constraints and potential interruptions in production; the extent to which insurance covers any losses Devon or WPX may experience; risks related to investors attempting to effect change; general domestic and international economic and political conditions, including the impact of COVID-19; and changes in tax, environmental and other laws, including court rulings, applicable to Devon’s and WPX’s business.
In addition to the foregoing, the COVID-19 pandemic and its related repercussions have created significant volatility, uncertainty and turmoil in the global economy and Devon’s and WPX’s industry. This turmoil has included an unprecedented supply-and-demand imbalance for oil and other commodities, resulting in a swift and material decline in commodity prices in early 2020. Devon’s and WPX’s future actual results could differ materially from the forward-looking statements in this communication due to the COVID-19 pandemic and related impacts, including, by, among other things: contributing to a sustained or further deterioration in commodity prices; causing takeaway capacity constraints for production, resulting in further production shut-ins and additional downward pressure on impacted regional pricing differentials; limiting Devon’s and WPX’s ability to access sources of capital due to disruptions in financial markets; increasing the risk of a downgrade from credit rating agencies; exacerbating counterparty credit risks and the risk of supply chain interruptions; and increasing the risk of operational disruptions due to social distancing measures and other changes to business practices. Additional information concerning other risk factors is also contained in Devon’s and WPX’s most recently filed Annual Reports on Form 10-K, subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other SEC filings.
Many of these risks, uncertainties and assumptions are beyond Devon’s or WPX’s ability to control or predict. Because of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. Nothing in this communication is intended, or is to be construed, as a profit forecast or to be interpreted to mean that earnings per share of Devon or WPX for the current or any future financial years or those of the combined company will necessarily match or exceed the historical published earnings per share of Devon or WPX, as applicable. Neither Devon nor WPX gives any assurance (1) that either Devon or WPX will achieve their expectations, or (2) concerning any result or the timing thereof, in each case, with respect to the Proposed Transaction or any regulatory action, administrative proceedings, government investigations, litigation, warning letters, consent decree, cost reductions, business strategies, earnings or revenue trends or future financial results.
All subsequent written and oral forward-looking statements concerning Devon, WPX, the Proposed Transaction, the combined company or other matters and attributable to Devon or WPX or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Devon and WPX assume no duty to update or revise their respective forward-looking statements based on new information, future events or otherwise.
WPX MEDIA CONTACT:
Kelly Swan
(539) 573-4944
WPX INVESTOR CONTACT:
David Sullivan
(539) 573-9360
DEVON MEDIA CONTACT:
Lisa Adams
(405) 228-1732
DEVON ESG CONTACT:
Chris Kirt
(405) 552-8028
DEVON INVESTOR CONTACTS:
Scott Coody, (405) 552-4735
Chris Carr, (405) 228-2496
LONDON--(BUSINESS WIRE)--#GeothermalDrillingMarketForPowerGeneration--Technavio has been monitoring the geothermal drilling market for power generation and it is poised to grow by USD 244.99 million during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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. Baker Hughes Co., Deep Rock Manufacturing Co., Fraste Spa, Geotech Drilling Services Ltd., Halliburton Co., Huisman Equipment BV, KCA Deutag Alpha Ltd., Marton Geotechnical Services Ltd., Ormat Technologies Inc., and Schlumberger Ltd. are some of the major market participants. The rising demand for energy 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.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
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.
Geothermal Drilling Market for Power Generation 2020-2024: Segmentation
Geothermal Drilling Market for Power Generation 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=IRTNTR44744
Geothermal Drilling Market for Power Generation 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 geothermal drilling market report covers the following areas:
This study identifies the need for efficient use of resources and reduction of emissions as one of the prime reasons driving the growth of the geothermal drilling market for power generation 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.
Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform
Geothermal Drilling Market for Power Generation 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/
Samuel Cooperman, after 17 Years of Service, Retires from the Company. Jan Engelhardsten Appointed.
NEW YORK--(BUSINESS WIRE)--New York Cruise Lines Inc., operator of the world-famous Circle Line Sightseeing Cruises, transportation company, New York Water Taxi, luxury charter fleet, World Yacht, and innovative maritime restaurant, North River Lobster Company, announces the appointment of John Banks as its new Chairman of the Board of Directors. With more than three decades of senior-executive experience in the public and private sectors in New York City, Mr. Banks will lead New York Cruise Lines’ Board in helping direct the company’s marine-based sightseeing, transportation, dining and entertainment businesses.
Samuel Cooperman, who has been with New York Cruise Lines in various executive roles, including Chief Executive Officer and Chairman, is stepping down after 17 years of dedicated service. Seasoned executive Jan Engelhardsten, former Chief Financial Officer of international maritime leader Stolt-Neilsen Limited, has been appointed to the Board as a new Director.
During Mr. Cooperman’s tenure, Circle Line replaced its entire fleet of boats. In 2006, three new Manhattan class boats were launched and in 2016 the last of three new Bronx class boats was delivered, enabling the company to offer consumers the most modern sightseeing fleet in New York City. In 2016, Mr. Cooperman oversaw the acquisition of New York Water Taxi and Circle Line Downtown, which more than doubled the size of the organization’s fleet, adding a very successful transportation operating unit and re-uniting Circle Line Downtown with Circle Line Midtown under one brand umbrella.
Near the end of his tenure, as tourism to New York came to an absolute stop, Circle Line achieved the significant milestone of being one of the first NYC attractions to open on July 20th, providing New Yorkers with a much-needed source of outdoor entertainment and fun.
Mr. Engelhardsten served in his Chief Financial Officer role at Stolt-Neilsen for 26 years and in various other senior positions including President of Stolt Tank Containers and President of Stolthaven Terminals. He has been associated with the company since 1974.
“John has brought a broad range of experience and abundant talent to our company, having served the public and private sectors in very senior positions for many years,” said Mr. Cooperman. “We are honored to have him take over as Chairman of New York Cruise Lines, and we look forward to his continued valuable contributions.”
Mr. Banks has a long history in public service, most notably as Chief of Staff and Deputy Director of Finance for The Council of the City of New York. His 16 years of government service spanned portions of the Koch, Dinkins, Giuliani, and Bloomberg administrations. Subsequently, he entered the private sector and had a distinguished 13-year career as Vice President of Government and Community Relations for Con Ed. In 2015, he was appointed President of the Real Estate Board of New York, serving until 2019. He joined the Board of New York Cruise Lines one year ago.
“It is an honor and a privilege to become the Chair of the Board of Directors. I still remember taking my first ride on Circle Line when I was a kid. I was awed by views of New York City as I stood on the deck with a breeze on my face and the sound of the vessel cutting through the waves in my ears,” said Banks. “I continue to be excited to have the opportunity to work with one of the most iconic brands in New York. I want to thank the entire Board of Directors for placing their confidence in me, and I look forward to working with them for many years.”
ABOUT NEW YORK CRUISE LINES
New York Cruise Lines (NYCL) is the parent company of industry-leading marine-based sightseeing, transportation, dining and entertainment businesses that emphasize the ultimate in hospitality set to the beauty of the NYC skyline. NYCL owns and operates over 20 ships, including the most extensive and modern fleet in the sightseeing industry. NYCL’s most iconic brand, Circle Line Sightseeing Cruises, is a fixture in global tourism, hosting more than 84 million passengers since 1945. Recognized as “America’s Favorite Boat Ride,” Circle Line is world-famous for sightseeing and special events including concerts and entertainment.
Operating from Pier 83 in Hudson River Park at 42nd Street and 12th Avenue, (convenient to Times Square, The High Line and Hudson Yards) and Pier 16 near the South Street Seaport and the World Trade Center, Circle Line is the oldest and largest provider of sightseeing cruises using the most modern vessels. NYCL also operates the iconic New York Water Taxi sightseeing and transportation fleet, New York’s only maritime thrill-ride, The Beast, and innovative maritime restaurant, North River Lobster Company.
Circle Line (circleline.com)
New York Water Taxi (nywatertaxi.com)
The BEAST Speedboat (thebeastnyc.com)
North River Lobster Company (northriverlobsterco.com)
MEDIA CONTACT:
Philip Whitney
New York Cruise Lines
(212) 630-8158
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LONDON--(BUSINESS WIRE)--#GlobalOilandGasRefineryMaintenanceServicesMarket--Technavio has been monitoring the oil and gas refinery maintenance services market and it is poised to grow by USD 521.13 million during 2020-2024, progressing at a CAGR of almost 3% 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. Aegion Corp., Aptim Corp., Chiyoda Corp., Envent Corp., Fluor Corp., John Wood Group Plc, KBR Inc., Saipem Spa, Sunergon, and Turner Industries Group are some of the major market participants. The surging demand for refined fuel 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.
Oil and Gas Refinery Maintenance Services Market 2020-2024: Segmentation
Oil and Gas Refinery Maintenance Services 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=IRTNTR44762
Oil and Gas Refinery Maintenance Services 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 oil and gas refinery maintenance services market report covers the following areas:
This study identifies the adoption of modular mini refineries as one of the prime reasons driving the oil and gas refinery maintenance services 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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Oil and Gas Refinery Maintenance Services Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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.
Technavio Research
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COLUMBIA, Md.--(BUSINESS WIRE)--GSE Systems, Inc. (“GSE Solutions” or “GSE”) (Nasdaq: GVP), a leader in delivering and supporting end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced that Brian Greene has been named Vice President of GSE’s Nuclear Industry Training and Consulting business.
Mr. Greene brings more than 15 years of staffing industry experience to his new role. He spent more than a decade with System One in the professional staffing space, operating in a diverse portfolio of businesses, with particular focus in the nuclear energy and engineering sectors. His experience includes steady progress through recruiting, business development, and management roles, holding responsibilities for the growth and development of national and regional accounts, process improvements, and training/development.
GSE will benefit from Mr. Greene’s team-first attitude, familiarity with the nuclear industry, and his vision for advanced training and development solutions.
Citing Mr. Greene’s enthusiasm for helping others succeed, his strong reputation for building relationships, and his years of experience in the staffing industry, Kyle Loudermilk, President and CEO of GSE, added, “Brian brings new perspectives to a segment of our business that meets the specialized and nuanced needs of the nuclear industry. His ideas and passion dovetail well with our vision for delivering industry-leading staffing and training solutions.”
“I am excited to work with a company that has been such an integral part of driving best practices in the nuclear industry ecosystem, while continually introducing new services for the future,” said Mr. Greene.
GSE is the leading supplier of technical experts and professional personnel for the nuclear industry. From skilled and field-experienced individuals and Subject Matter Experts, to full operations teams, GSE’s contract and personnel placement services offer an effective solution for short- and long-term client needs. GSE’s services provide the flexibility many plants need to address the pressures of operational gaps and an aging workforce. Demand is high for GSE’s level of technical expertise worldwide.
ABOUT GSE SOLUTIONS
We are the future of operational excellence in the power industry. As a collective group, GSE Solutions leverages top skills, expertise and technology to provide highly specialized solutions that allow customers to achieve the performance they imagine. Our experts deliver and support end-to-end training, engineering, compliance, simulation, and workforce solutions that help the power industry reduce risk and optimize plant operations. GSE is proven, with over four decades of experience, more than 1,100 installations, and hundreds of customers in over 50 countries spanning the globe. www.gses.com
Sunny DeMattio, GSE Solutions
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P: +1 410.970.7931
LONDON--(BUSINESS WIRE)--#GlobalRiglessInterventionServicesMarket--Technavio has been monitoring the rigless intervention services market and it is poised to grow by USD 648.91 million during 2020-2024, progressing at a CAGR of almost 3% 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. Acteon Group Ltd., Aker Solutions ASA, Baker Hughes Co., Expro Holdings UK2 Ltd., Gulf Intervention Services DMCC, Halliburton Co., Helix Energy Solutions Group Inc., Oceaneering International Inc., Schlumberger Ltd., and Weatherford International Plc are some of the major market participants. The increase in oil rig count 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.
Rigless Intervention Services Market 2020-2024: Segmentation
Rigless Intervention Services 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=IRTNTR43971
Rigless Intervention Services 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 rigless intervention services market report covers the following areas:
This study identifies advances in 4D seismic survey technologies as one of the prime reasons driving the rigless intervention services 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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Rigless Intervention Services Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
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Website: www.technavio.com/
Panel discussion will take place as a part of Reuters Events’ Transform USA 2020 on Oct. 1st
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--#CNG--WHAT: Transporting people and goods is the single largest contributor to greenhouse emissions in America today, (30%) and remains a challenge to net carbon reduction now. TruStar Energy president Adam Comora will host a panel session on “The Open Road: Building a Low Carbon Future for Heavy Transportation Today” at Reuters Events’ Transform USA 2020. During this session, Adam Comora, TruStar Energy senior advisor Mike Casteel and Deloitte & Touche partner Kristen Sullivan will discuss how businesses can embrace sustainable solutions, lower their carbon footprint, increase efficiency and remain competitive. Additionally, the panelists will explore the promise and progress of alternative fuel technologies; discuss their environmental, financial and operational impacts; and highlight steps to improve sustainability efforts today.
WHO: Adam Comora, President and CEO, TruStar Energy LLC
Mike Casteel, Senior Advisor, TruStar Energy LLC
Kristen Sullivan, Partner, Deloitte & Touche LLP
Adam Comora currently serves as President and CEO of TruStar Energy LLC, a leading provider of renewable natural gas transportation fuel and fueling infrastructure, a post he began in January of 2013. Prior to this position he was a Managing Director at Fortistar Capital Inc, the parent company of TruStar Energy, beginning in May 2012.
Mike recently joined TruStar Energy LLC as a Senior Advisor after retiring from UPS after a career of over 40 years. Mike was responsible for all fleet related procurement activities at UPS in the US and Canada, and had a leading role in developing the financial strategies involved in the deployment of the UPS alternative fuel fleet, as well as expanding UPS’s use of renewable natural gas in their alternative fuel portfolio. Mike’s deep knowledge and understanding of alternative low carbon fuels and their practical applications can help corporations understand how to successfully reduce the carbon footprint of their heavy-duty fleets.
Kristen B. Sullivan is a partner and leads Deloitte & Touche LLP’s Sustainability and KPI services, working with clients to help address their sustainability and non-financial disclosure strategy needs. Kristen has over 24 years of experience with Deloitte and was recognized as #10 on the 2020 Top 100 Corporate Social Responsibility Influence Leaders.
WHEN: October 1, 2020 11:00AM – 11:45AM EST
WHERE: Virtual Event—Members of the media that would like to virtually attend the event and view TruStar Energy’s panel session can contact Lily Thieneman at This email address is being protected from spambots. You need JavaScript enabled to view it..
DETAILS: Transform USA will be bringing together CSOs, CPOs and ESG Investors from across the world to share their latest insights, and more importantly, tangible strategies into how they are helping deliver the required transformation of business for a sustainable, circular, inclusive future post COVID-19.
ABOUT TRUSTAR ENERGY
TruStar Energy, a portfolio company of Fortistar, is one of the nation’s leading producers and suppliers of renewable natural gas and fueling infrastructure. With decades of experience and more than 300 stations built, the company’s professionals are experts at providing natural gas fueling solutions that are on time, cost effective and reliable. . With a rapidly growing network of nationwide service and support technicians, we’re always there when you need us. TruStar Energy puts fleet owners in the driver’s seat by offering best-in-class, options to meet a full range of fueling needs.
For additional information, please visit www.trustarenergy.com and follow us on LinkedIn and Twitter.
TruStar Energy: Fueling Success. Driving Change.
Media Contact:
Lily Thieneman
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LONDON--(BUSINESS WIRE)--#CannedSeafoodMarket--Technavio has been monitoring the global canned seafood market size and it is poised to grow by USD 6.90 billion during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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. American Tuna Inc., Dongwon Group, Empresas AquaChile SA, F.C.F. Fishery Co. Ltd., LABEYRIE FINE FOODS SAS, Mowi ASA, Nomad Foods Ltd., Thai Union Group PCL, Trident Seafoods Corp., and Wild Planet Foods Inc. 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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New product launches have been instrumental in driving the growth of the market. However, illegal fishing and overfishing 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
Canned Seafood Market 2020-2024: Segmentation
Canned Seafood Market is segmented as below:
Canned Seafood 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 canned seafood market report covers the following areas:
This study identifies the rising demand for processed seafood as one of the prime reasons driving the Canned Seafood 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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Canned Seafood Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Distribution channel
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/
Texas city selects Ameresco to install automatic metering infrastructure to achieve operational efficiencies in municipal water system
FRAMINGHAM, Mass. & GATESVILLE, Texas--(BUSINESS WIRE)--#ami--Ameresco, Inc., (NYSE: AMRC), a leading energy efficiency and renewable energy company, today announced that it is partnering with the City of Gatesville, Texas, to replace over 3,600 city water meters as part of an automatic metering infrastructure (AMI) project. Upon completion, Gatesville residents will benefit from greater transparency into their water usage and billing, helping the community conserve more and spend less on operating its water infrastructure.
Designated by the 77th Texas Legislature as the “Spur Capital” of Texas, the City of Gatesville contracted with Ameresco in December 2019 to evaluate the potential benefits of implementing an AMI project in the city. Its focus was to achieve operational efficiencies and infrastructure improvements associated with the City’s water system, while providing tangible and intangible benefits to its residents.
“Apart from new capabilities to receive up-to-date information about their households’ water consumption and related costs, Gatesville residents benefit greatly from this AMI project because it will update our community’s infrastructure in a budget-neutral way,” said Bill Parry, City Manager for the City of Gatesville. Over the 15-year period, “Projections show that our new and improved metering technologies will provide over $860,000 in meter reading costs savings along with the potential capture of over $1,500,000 in lost and unaccounted for water and sewer revenues. Ameresco has a great amount of experience in this area of municipal infrastructure projects and we are grateful for the steps they’re taking to help us optimize how we monitor and optimize water usage across the community.”
With work on the AMI project already underway, Ameresco will replace over 3,600 outdated water meters with new, best of breed offerings. The AMI project also entails migrating meter software to a hosted cloud-based platform and providing the citizens with a customer portal where they can remotely access their consumption information securely.
“Moving its community to a new and improved water metering system is just one way that the City of Gatesville is pursuing key infrastructure improvements in a fiscally responsible way,” said Bob Georgeoff, vice president of Ameresco. “Over time, these enhancements will help Gatesville capture lost water and reduce meter reading and maintenance costs that could otherwise be reinvested back into the community.”
The Gatesville AMI project officially began in September 2020 and is expected to be completed by early next year. To learn more about Ameresco’s services in water management and efficiency, visit www.ameresco.com/water-efficiency/.
About The City of Gatesville
The City of Gatesville, Texas is located north of central Coryell County on the east side of the Leon River. The city is 40 miles from Waco Texas, and halfway between Austin and Fort Worth. Traversed by U.S. Route 84 and Texas State Highway 36, the city is easily accessible to neighboring cities.
Gatesville is the County seat of Coryell County. The main industries in Gatesville involve retail, manufacturing, and corrections.
The City of Gatesville has many assets such as historic sites, progressive business, and scenic beauty in the heart of central Texas. Gatesville also has a low cost of living and is located along major highways, making it accessible to multiple major cities and contributing to a tourism industry with festivals, parades, and an annual rodeo.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
The announcement of a customer’s entry into a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. This project was included in our previously reported awarded backlog as of June 30, 2020.
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
HONG KONG--(BUSINESS WIRE)--Over the next 10 years, MetLife, Inc. (NYSE: MET) has committed to reduce its location-based greenhouse gas (GHG) emissions by 30 percent from 2019 levels, originate U.S. $20 billion in new MetLife Investment Management (MIM)–managed green investments1, and allocate U.S. $5 million to develop products and partnerships that drive climate solutions.
Those are just three of the company’s 11 2030 Environmental Goals, which it just announced.2
MetLife also committed to plant 5 million trees (prioritizing areas vulnerable to natural disasters) and to maintain carbon neutrality annually across its global offices, fleet, and business travel3, and MetLife Foundation committed to grant U.S. $10 million for environmental causes.
In addition, MetLife pledged to mobilize 100 of its suppliers to set their own GHG emissions reduction target by 2025.
“Our commitment to the environment reflects our purpose as a company,” said Mike Zarcone, head of Corporate Affairs and Sustainability at MetLife. “Building a more confident future requires us to use natural resources sustainably and help address issues such as climate change.”
The 11 new goals aim to reduce the environmental impact of MetLife’s global operations and supply chain, while leveraging its investments, products, and services to help protect communities and drive innovative solutions.
MetLife surpassed its previous environmental goals a year early. Between 2012 and 2019, the company reduced its annual energy consumption by 33 percent and its location-based GHG emissions by 27 percent, exceeding its targeted reductions of 10 percent by 2020.
As of year-end 2019, MIM, MetLife’s institutional investment management business, had more than U.S. $18.3 billion in green investments under management, including ownership stakes in wind and solar farms.
MetLife has long been an industry leader on sustainability and climate change. For example, in 2016, it was the first U.S.-based insurance company to achieve carbon neutrality, a status it has maintained for four straight years.
In 2020, Metropolitan Life Global Funding I issued a U.S. $750 million green bond, the industry’s first note secured by a green funding agreement.
Through its membership in the Carbon Disclosure Project (CDP) Supply Chain Program, MetLife encourages its business partners to take action on climate change. In 2019, more than 100 of its suppliers disclosed their GHG emissions and mitigation activities.
More than 10,000 MetLife employees participated in the company’s 2019 “Our Green Impact” initiative, which offers a wide range of opportunities to support and learn about sustainability.
These efforts have led to significant recognition. For example:
For more information, please read MetLife’s new Global Environmental Policy and visit the company’s Sustainability website.
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com
Asia: Yvette Marmur │ E: This email address is being protected from spambots. You need JavaScript enabled to view it. │ PH: +852 5716 8533
HOUSTON--(BUSINESS WIRE)--#CAPE--S&B Infrastructure, Ltd. (S&B) today announced it acquired the domestic and international fuels business of the government and private sector contractor, Cape Environmental Management Inc. (CAPE), for an undisclosed amount.
“We are thrilled at the prospects the acquisition brings to S&B and our clients,” said Daniel Rios, president of S&B Infrastructure. “The acquisition strengthens our existing infrastructure capabilities to build or repair, as well as provide critical maintenance services for clients in government, energy, aviation, power, and more.”
The acquisition enables S&B to deliver specialized fueling systems to various industries, including aviation, specifically supporting aircraft fueling, commercial airports and military airfields to provide efficient, safe servicing between flights. The acquisition also allows S&B to offer in-house industrial services, including storage tank construction and repairs, specialized coatings and linings, and other critical maintenance and construction services. “Adding these services to our existing capabilities allows greater collaborative problem-solving and innovation in the field, resulting in reduced costs and increased efficiency for clients,” said Troy Blackmon, senior vice president of construction for S&B Infrastructure.
In addition to expanded capabilities, the acquisition also increases S&B’s geographic footprint. As part of the transaction, S&B will add offices in Florida, Alabama, the Caribbean Islands, and South America.
Up to 90 people from CAPE are expected to join S&B. “We believe our culture will be a great fit for the new employees, and we’re happy to welcome them to the S&B family,” said Rios. “We look forward to growing our expertise, continuing our focus on project execution, and delivering even greater quality to our clients.”
About S&B Infrastructure, Ltd.
S&B Infrastructure, Ltd. was established in 1994 (one of the largest privately-owned engineering firms in the state of Texas). S&B provides planning, multi-discipline engineering design, and construction phase services for transportation, federal, public works and facilities. S&B provides services to both public- and private-sector clients. The company aspires to be the leader in providing quality professional design services and innovative, cost-effective construction solutions to meet client expectations. S&B provides an ethical environment that empowers employees to grow and contribute to the quality of life in the communities that S&B serves. S&B Infrastructure, Ltd. is part of the broader S&B family of companies, including S&B Engineers and Constructors, Ltd. Connect with us on Linkedin.
Lindsay Szeszycki, Director of Communications and Marketing
S&B
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518.879.2101
LONDON--(BUSINESS WIRE)--#GlobalJetFuelMarket--Technavio has been monitoring the jet fuel market and it is poised to grow by USD 60.23 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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., Exxon Mobil Corp., Indian Oil Corp. Ltd., PetroChina Co. Ltd., Qatar Petroleum, Rosneft Oil Co., Royal Dutch Shell Plc, Saudi Arabian Oil Co., and TOTAL SA. are some of the major market participants. The popularity of air transportation 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 position in the slow-growing segments.
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View market snapshot before purchasing
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.
Jet Fuel Market 2020-2024: Segmentation
Jet Fuel 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=IRTNTR40327
Jet Fuel 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 jet fuel market report covers the following areas:
This study identifies growing focus on biofuels as one of the prime reasons driving the jet fuel 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.
Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform
Jet Fuel 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 APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: 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.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
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LONDON--(BUSINESS WIRE)--#china--The Oil and Gas Accumulator market will register an incremental spend of about $1 billion, growing at a CAGR of 14.87% during the five-year forecast period. A targeted strategic approach to Oil and Gas Accumulator sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages
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SpendEdge's reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our Oil and Gas Accumulator market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses.
Insights into buyer strategies and tactical negotiation levers:
Several strategic and tactical negotiation levers are explained in the report to help buyers achieve the best prices for Oil and Gas Accumulator market. The report also aids buyers with relevant Oil and Gas Accumulator pricing levels, pros and cons of prevalent pricing models such as volume-based pricing, spot pricing, and cost-plus pricing and category management strategies and best practices to fulfil their category objectives.
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Table of Content
Appendix
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DUBLIN--(BUSINESS WIRE)--The "Solar Cooker Market - Global Industry Perspective, Comprehensive Analysis and Forecast 2020-2026" report has been added to ResearchAndMarkets.com's offering.
Global demand for solar cooker market was valued at approximately USD 1,845.0 Million in 2019, and is expected to generate revenue of around USD 3,209.3 Million by end of 2026, growing at a CAGR of around 8.7% between 2020 and 2026.
Growing awareness for the use of renewable energy along with escalating prices of non renewable energy drives the solar cooker market. Government support and funding for the use of solar energy also stimulates the growth of solar cooker market. Also, development of new technologies utilizing solar energy along with introduction of cost efficient technologies compared to conventional energy sources foster the demand for the solar cooker market. However, lack of awareness among the developing countries and maturation of the solar cooker market in the developed countries may inhibit the growth of solar cooker market. Nevertheless, untapped opportunities from the emerging economies are likely to open new avenue in the near future.
The report provides a comprehensive view on the solar cooker market we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the solar cooker market has also been included. The study encompasses a market attractiveness analysis, wherein type segments are benchmarked based on their market size, growth rate and general attractiveness. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.
Various types of solar cooker are designed according to the intensity of exposure to the sun and according to the type of food to be cooked in. Solar panel cooker, solar parabolic cooker and solar box cooker are the types of solar cooker. Solar box cooker is the most widely known and used cooker due to easy and safe operating with no regulation required. The solar panel cooker consists of vessel kept in the center of the reflective panel to concentrate the radiations on the vessel. The solar panel is highly efficient as compared to solar box cooker. For obtaining high temperatures for grilling and frying food solar parabolic cooker is utilized. The only drawback for using of parabolic cookers is, they need to be adjusted according to the sun rays frequently for achieving high temperature and efficiency.
Asia Pacific and Latin America are the fastest growing market for the solar cooker market and is expected to accelerate the growth rate in the coming years. This is mainly attributed to the factors such as rising awareness along with accomplishment from the government for developing techniques for the use of solar energy. To meet the unmet demands for petroleum products such as use of LPG for cooking food from the escalating population, solar cooker are used on large scale. However, due to saturated market, North America and Europe are expected to exhibit steady growth during the forecast period. However, the U.S. is the largest producer for solar box cooker followed by China.
Scope of the Report
Key Players in the Market:
Solar Cooker Market: Type Segment Analysis
Solar Cooker Market: Regional Segment Analysis
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LONDON--(BUSINESS WIRE)--#GlobalTerminalAutomationMarketintheOilandGasIndustry--Technavio has been monitoring the terminal automation market in the oil and gas industry and it is poised to grow by USD 481.37 million during 2020-2024, progressing at a CAGR of about 3% 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. ABB Ltd., Emerson Electric Co., Honeywell International Inc., Implico GmbH, Inter Pipeline, Leidos Holdings Inc., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. are some of the major market participants. The global expansion in oil terminals 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.
Terminal Automation Market in the Oil and Gas Industry 2020-2024: Segmentation
Terminal Automation Market in the Oil and Gas Industry is segmented as below:
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Terminal Automation Market in the Oil and Gas Industry 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 terminal automation market in the oil and gas industry report covers the following areas:
This study identifies emergence of IoT and cloud integration as one of the prime reasons driving the terminal automation market growth in the oil and gas industry 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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Terminal Automation Market in the Oil and Gas Industry 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Global software company’s next-generation solution reduces complexity and increases visibility for haulers
ATLANTA--(BUSINESS WIRE)--#logistics--PDI (www.pdisoftware.com), a global provider of enterprise software solutions to the convenience retail, wholesale petroleum and logistics industries, announced the release of PDI Logistics Cloud international. The company’s holistic logistics software was specifically designed for the fuel supply chain and helps fuel retail, mineral oil, wholesale and hauler companies gain the end-to-end visibility they need to optimize their operations.
Logistics Cloud builds on PDI’s heritage of bringing innovative products to the market and enables digital transformation by leveraging the latest technology. Its use of Big Data, IoT, and sophisticated algorithms enable better compartment allocation, automation and forecasting. The software’s robust capabilities—including advanced planning and dispatching, mobile tools, forecasting, telematics, compliance, and analytics—allows businesses to scale, future-proof their operations, and quickly adapt to dynamic market conditions.
The solution will allow customers to do the following:
“Customers in this industry have faced complexity and lacked advanced technology for far too long,” said Sid Gaitonde, senior vice president and general manager, Logistics Solutions, PDI. “We leveraged over three decades of industry experience and collaborated with leading oil companies and haulers around the world to develop PDI Logistics Cloud. We’re pleased to be the partner they can count on, no matter where they are in the world.”
More than 9,000 trucks use PDI’s logistics solutions to deliver over 367 billion liters of fuel to their destinations every year. PDI plans to introduce its latest logistics offering to fuel supply chain companies outside of the EMEA region early next year.
For more information about PDI Logistics Cloud, visit www.pdisoftware.com/pdi-logistics-cloud/.
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
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SAN DIEGO--(BUSINESS WIRE)--EDF Renewables North America today announced the signing of a storage contract with CleanPowerSF as an expansion to the previously announced 20-year solar Power Purchase Agreement (PPA). The 100 megawatt (MWac) Maverick 6 Solar Project will now be coupled with a 200 megawatt hour (MWh) battery storage system. The project expects to come online by the end of 2021 and deliver enough clean electricity annually to power 49,000 average California homes.
The project is located in Riverside County, California on federal lands within a Solar Energy Zone (SEZ) and Development Focus Area, managed by the U.S. Bureau of Land Management (BLM). The BLM completed the federal permitting process, issuing the project a Record of Decision (ROD) in October 2018.
“EDF Renewables is pleased to partner again with CleanPowerSF to expand upon our solar PPA to include battery storage at Maverick 6,” said Dai Owen, Vice President, Origination and Power Marketing at EDF Renewables. “Battery storage is increasingly becoming essential to enable further deployment of renewables as well as to provide grid stability. This 200 MWh contract increases EDF Renewables’ battery storage portfolio to 1.5 gigawatt hours (GWh) to be constructed by 2023 in the US.”
By coupling the solar facility with an energy storage solution, electricity produced during peak solar hours can be dispatched later in the day, thereby creating a balance between electricity generation and demand. Energy storage can further smooth electricity prices, manage evening energy ramps, mitigate curtailment and provide grid stability.
CleanPowerSF is a not-for-profit program operated by San Francisco Public Utilities Commission (SFPUC). The program launched in 2016 with a mission to provide San Francisco residents and businesses with the choice of having their electricity supplied from clean, renewable sources at competitive rates. CleanPowerSF now serves about 380,000 customer accounts in San Francisco. With a 96 percent participation rate, the program is popular among businesses and residents.
“At a time when the state is experiencing rolling blackouts and other power uncertainties, ensuring grid reliability for our customers is paramount for the agency,” said SFPUC General Manager Harlan L. Kelly Jr. “Through the approval of this new storage contract, we are taking an important step to ensure we continue providing clean, safe, and affordable energy to our customers no matter the time of day.”
EDF Renewables is committed to providing solutions to meet California’s carbon-reduction goals. With 35 years of experience and 16 gigawatts (GW) of renewable projects developed throughout North America, EDF Renewables provides a fully integrated bundle of energy solutions from grid-scale wind, solar, and solar plus storage projects to electric vehicle charging and energy storage management.
About EDF Renewables:
EDF Renewables North America is a market leading independent power producer and service provider with 35 years of expertise in renewable energy. The Company delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distributed solutions: solar, solar+storage, EV charging and energy management; and asset optimization: technical, operational, and commercial skills to maximize performance of generating projects. EDF Renewables’ North American portfolio consists of 16 GW of developed projects and 11 GW under service contracts. EDF Renewables is a subsidiary of EDF Renouvelables, the dedicated renewable energy affiliate of the EDF Group. For more information visit: www.edf-re.com.
About San Francisco Public Utilities Commission:
The San Francisco Public Utilities Commission (SFPUC) is a department of the City and County of San Francisco. It delivers drinking water to 2.7 million people in the San Francisco Bay Area, collects and treats wastewater for the City and County of San Francisco, and generates clean power for municipal buildings, residents, and businesses through its Hetch Hetchy Power and CleanPowerSF programs. The SFPUC’s mission is to provide customers with high quality, efficient and reliable water, power, and sewer services in a manner that values environmental and community interests and sustains the resources entrusted to our care. Learn more at www.sfwater.org.
Sandi Briner, +1 858-521-3525
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