The Clean Energy Finance Corporation (CEFC) led the round with participation from OneVentures, Viola Credit, Hana Ventures, Maniv Mobility and Contrarian Ventures
NEW YORK--(BUSINESS WIRE)--Bolt Bikes, the mobility startup, today announced it has completed a Series A capital raise of US$11 million to invest in expanding its operations in the United States and move into new categories globally. Along with the capital raise, the Australia-based startup is also announcing a rebrand with a new name, Zoomo, and a new logo.
The Australian Clean Energy Finance Corporation (CEFC) led the capital raise with a US$5 million equity investment. Equity investment from Hana Ventures and existing investors Maniv Mobility and Contrarian Ventures, together with venture debt from OneVentures and Viola Credit, completed the capital raise.
Zoomo will use the capital to launch a flagship brick-and-mortar operation in Los Angeles and expand its New York footprint to include services across the entire city. The startup is also expanding into new categories, such as parcel, mail and grocery deliveries.
"The US market is critical for Zoomo's growth, and the investment will allow us to expand our product lineup and physical presence in the country," said Mina Nada, CEO and Zoomo co-founder. "We're committed to growing our operations to new American cities and states as quickly as possible." Zoomo also has operations in the United Kingdom and Australia.
Since its US launch in 2019, Zoomo has grown exponentially and provided sustainable transportation for thousands of American gig workers through partnerships with companies such as Uber Eats, DoorDash and Postmates.
Ido Vigdor, General Partner at Viola Credit, said: "Last-mile delivery has been growing immensely and we believe it will continue to do so. Mina and the team have done an excellent job producing a compelling offering in the market and building strong brand recognition, which is why we at Viola Credit and OneVentures are delighted to join this round and provide the credit funding that will support their effort to scale internationally."
Zoomo's e-bikes are an efficient and sustainable delivery vehicle and an affordable alternative for American gig workers and the delivery economy. More than 57 million Americans participate in the gig economy, either through their primary or secondary jobs. But many find the cost of vehicles, including e-bikes, a barrier to enter the market. Zoomo's business model allows couriers to rent e-bikes weekly or to own them outright.
"Zoomo is differentiated by our vertically integrated approach. We offer smart utility bikes through a physical network of service centers and world-class software for a very affordable price," said Nada.
Backing the future
E-bikes are also one of the cleanest options for last-mile delivery. Zoomo calculates that it has already enabled its courier customers to make over 2 million deliveries globally, abating the equivalent of almost 3,000 tons of CO2 since 2017.
The lead investor for the Series A is the CEFC, which is responsible for investing $10 billion on behalf of the Australian Government to accelerate Australia’s sustainable transition to lower emissions.
Ian Learmonth, CEFC CEO, said: "Electrifying Australia's light vehicle fleet is an important step in meeting our emissions reduction target. Critical to this is the development of technologies, systems and policies that enable sustainable urban freight. Zoomo is an exciting Australian company with an innovative business model that can deliver that on a global scale."
For Mina Nada, e-bikes are the future. "We believe that the bike world is ready for disruption and that in five to ten years, light electric vehicles will be the predominant form of transportation. Zoomo is taking the lead in this transformation."
About Zoomo
Founded in 2017 by Mina Nada (former Deliveroo and Mobike executive) and Michael Johnson (former Bain & Co consultant), Zoomo offers smart utility e-bikes through innovative financing from a rapidly growing physical network of service centers. Currently operating in Australia, the United States and the United Kingdom, Zoomo offers accessible, sustainable and efficient solutions for the booming delivery sector, with unrivalled features and services, including vehicle maintenance and 24/7 customer support.
About the CEFC
The CEFC has a unique role to increase investment in Australia’s transition to lower emissions. With the backing of the Australian Government, we invest to lead the market, operating with commercial rigor to address some of Australia’s toughest emissions challenges – in agriculture, energy generation and storage, infrastructure, property, transport, and waste. We’re also proud to back Australia’s cleantech entrepreneurs through the Clean Energy Innovation Fund, and invest in the development of Australia’s hydrogen potential through the Advancing Hydrogen Fund. With $10 billion to invest on behalf of the Australian Government, we work to deliver a positive return for taxpayers across our portfolio.
About One Ventures and Viola Credit Ventures fund
Sydney-headquartered venture firm OneVentures Pty Ltd. has partnered with Viola Credit, the growth and venture lending arm of Israel-based Viola Group, to launch an $80 million venture credit fund that will provide venture funding for high-growth technology companies in the Australian market.
Zoomo media contact
Rich Trunzo
Sling & Stone
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HOUSTON--(BUSINESS WIRE)--BBVA USA, as Trustee of the San Juan Basin Royalty Trust (the “Trust”) (NYSE:SJT), today reported that it will not declare a monthly cash distribution to the holders of its Units of beneficial interest (the “Unit Holders”) due to prior excess production costs from the April 2020 production month. Excess production costs occur when production costs and capital expenditures exceed the gross proceeds for a certain period.
For the production month of June 2020, the operator of the Trust’s subject interests, Hilcorp San Juan L.P. (“Hilcorp”), reported to the Trust profits of $260,170 gross ($195,128 net to the Trust), which reduced, but did not eliminate, the previously reported excess production costs of $1,114,888 gross ($836,166 net to the Trust). Hilcorp will charge the remaining excess production costs of $854,718 gross ($641,038 net to the Trust) to the next month’s distribution.
Cash reserves will be utilized to pay Trust administrative expenses of $100,369 for the month. No cash distributions will be distributed by the Trust until future net proceeds are sufficient to pay then-current Trust liabilities and replenish cash reserves.
Based upon information provided to the Trust by Hilcorp, gas production for the subject interests totaled 2,005,697 Mcf (2,228,552 MMBtu) for June 2020, as compared to 1,749,344 Mcf (1,943,716 MMBtu) for May 2020. Dividing revenues by production volume yielded an average gas price for June 2020 of $1.09 per Mcf ($0.98 per MMBtu), as compared to an average gas price for May 2020 of $2.13 per Mcf ($1.91 per MMBtu).
Hilcorp has advised the Trust that the June 2020 reporting month included additional profits of $118,478 gross ($88,858 net to the Trust) based on true-ups for the February 2018 and January 2020 production months. The June 2020 reporting month also includes a reimbursement by the Trust to Hilcorp of $0.1 million, being a portion of the total $2.0 million in “Other” revenue that was included in the estimated gross proceeds in the December 2017 and January 2018 distribution months.
Hilcorp also reported that for the reporting month of June 2020, revenue included an estimated $100,000 for non-operated revenue. For the month ended June 2020, Hilcorp reported to the Trust capital costs of $12,127, lease operating expenses and property taxes of $1,711,990, and severance taxes of $580,478.
Except for historical information contained in this news release, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements generally are accompanied by words such as “estimates,” “anticipates,” “could,” “plan,” or other words that convey the uncertainty of future events or outcomes. Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, certain information provided to the Trust by Hilcorp, volatility of oil and gas prices, governmental regulation or action, litigation, and uncertainties about estimates of reserves. These and other risks are described in the Trust’s reports and other filings with the Securities and Exchange Commission.
San Juan Basin Royalty Trust
BBVA USA, Trustee
2200 Post Oak Blvd., Floor 18
Houston, TX 77056
website: www.sjbrt.com
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Joshua R. Peterson, Head of Trust Real Assets & Mineral Resources
and Senior Vice President
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LONDON--(BUSINESS WIRE)--#GlobalOilfieldDrillingDerrickandMastMarket--Technavio has been monitoring the oilfield drilling derrick and mast market and it is poised to grow by USD 5.42 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. Chengdu Zhonghang Machinery Co. Ltd., Drillmec Spa, FABTECH International Ltd., Lee C. Moore, A Woolslayer Co., MHWirth AS, National Oilwell Varco Inc., Schlumberger Ltd., Superior Derrick Services LLC, Tri-Service Oilfield Manufacturing Ltd., and TSC Group Holdings Ltd. are some of the major market participants. The increase in oil and gas E&P activities 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.
Oilfield Drilling Derrick and Mast Market 2020-2024: Segmentation
Oilfield Drilling Derrick and Mast Market is segmented as below:
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Oilfield Drilling Derrick and Mast 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 oilfield drilling derrick and mast market report covers the following areas:
This study identifies growing upstream investment as one of the prime reasons driving the oilfield drilling derrick and mast 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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Oilfield Drilling Derrick and Mast 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
Market Drivers
Market Challenges
Market Trends
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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AMES, Iowa--(BUSINESS WIRE)--Renewable Energy Group, Inc. (NASDAQ:REGI) today announced that its management team is scheduled to attend the following upcoming investor conferences:
About Renewable Energy Group
Renewable Energy Group, Inc. (NASDAQ: REGI) is leading the energy industry's transition to sustainability by transforming renewable resources into high-quality, cleaner fuels. REG is North America’s largest producer of biodiesel and an industry leading producer of renewable diesel. REG solutions are alternatives for petroleum diesel and produce significantly lower carbon emissions. REG utilizes a global integrated procurement, distribution and logistics network to operate 13 biorefineries in the U.S. and Europe. In 2019, REG produced 495 million gallons of cleaner fuel delivering over 4.2 million metric tons of carbon reduction. REG is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
Investor Relations:
Renewable Energy Group
Todd Robinson
Treasurer
+1 (515) 239-8048
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DUBLIN--(BUSINESS WIRE)--The "Renewable Energy - Thematic Research" report has been added to ResearchAndMarkets.com's offering.
To improve energy security, reduce CO2 emissions and attain corporate sustainability goals, the global power sector has witnessed a shift in capacity additions from conventional power sources to renewable sources. With a focus on decarbonizing electricity supply, several governments and utilities are focusing on increasing the share of renewables in the overall energy mix. They have provided support measures that include incentives for renewable power development and to offer a level playing field against conventional sources.
The changing geopolitical situation in the oil and gas supply markets in the Middle East is also expected to lead the demand for renewable energy across the globe. Over the past decade, the growth of renewable power has gained momentum in many countries. With the industry maturing and costs falling significantly to make renewable power economically viable with little or no subsidies, the publisher expects renewable energy adoption to continue its upward trend. In 2019, generators in several countries included large renewable power capacities for the first time. In 2020, more countries are expected to enter the league of large scale renewable power installations.
Scope of this report:
Key report benefits:
Key Topics Covered:
Companies Mentioned
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DUBLIN--(BUSINESS WIRE)--The "String Inverter Market by Connection Type, Phase and End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The global string inverter market was valued at $3.1 billion in 2019, and is projected to reach $4.6 billion by 2027, growing at a CAGR of 6.3% from 2020 to 2027.
String inverter is a system that converts DC power into AC power. Inverters are considered to be the main part of the solar system. It is gaining popularity over central inverter (type of solar inverter) in small utility projects nearly less than 1 MW. Sting inverters are increasingly used in the commercial, industrial, and utility sectors in the past five years. More than one string inverter is present in the solar system, depending on the size of the system.
Rapid increase in commercial & residential activities across the globe is a key factor driving the growth of the string inverter market. In addition, light weight, easy installation, high efficiency, and flexibility significantly contribute toward the growth of the global string inverter market. However, higher heat loss due to the larger size and absence of panel level monitoring are the key factors hampering the growth of the string inverter market globally. Conversely, government initiatives toward renewable and sustainable energy is expected to create potential growth opportunity for the key players operating in this market.
The global string inverters market is segmented on the basis of connection type, phase, end-use industry, and region. Depending on connection type, the market is categorized into on-grid and off-grid. On the basis of phase, it is bifurcated into single phase and three phase. By end-use industry, the market is fragmented into residential, commercial & industrial, and utilities. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits
Market Dynamics
Drivers
Restraints
Opportunities
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/5efti6
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DUBLIN--(BUSINESS WIRE)--The "Fuel Additives Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The market for fuel additives is expected to register a CAGR of around 5.5%, during the forecast period. Owing to the enactment of stringent environmental regulations across the world, the formulations of different petroleum fuels are changing gradually. This factor has been driving the demand for fuel additives, in the recent scenario. However, there is an increasing demand for battery electric vehicles (BEVs) in countries, such as the United States, China, and Germany. This, along with high R&D costs of fuel additives and the impact of the COVID-19 pandemic, may hamper the growth of the market studied during the forecast period.
Accelerating demand for ultra-low-sulfur diesel (ULSD) is likely to act as an opportunity for market growth, in the future. North America dominated the fuel additives market, owing to the high demand from various applications.
Gasoline to Dominate the Market
Competitive Landscape
The global fuel additives market is fragmented in nature, with the top five players accounting for around 30% of the market share. Afton Chemical is the market leader, with an extensive product portfolio of fuel additives, such as gasoline fuel additive packages and diesel fuel additive packages. It is followed by The Lubrizol Corporation, Innospec Inc., Chevron Corporation, and BASF SE, in terms of the market share.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Enactment of Stringent Environmental Regulations
4.2 Restraints
4.2.1 Increasing Demand and Penetration of Battery Electric Vehicles (BEVs)
4.2.2 High Costs of R&D Activities
4.2.3 Impact of the COVID-19 Pandemic
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Patent Analysis
5 MARKET SEGMENTATION
5.1 Product Type
5.2 Application
5.3 Geography
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Afton Chemical
6.4.2 Baker Hughes (General Electric)
6.4.3 BASF SE
6.4.4 Chevron Corporation
6.4.5 Clariant
6.4.6 Croda International Plc
6.4.7 Dorfketal Chemicals (I) Pvt Ltd
6.4.8 Eni SpA
6.4.9 Evonik Industries AG
6.4.10 Exxon Mobil Corporation
6.4.11 Infineum International Limited
6.4.12 Innospec Inc.
6.4.13 LANXESS
6.4.14 QAFAC
6.4.15 Royal Dutch Shell PLC
6.4.16 The Lubrizol Corporation
6.4.17 Total SA
6.4.18 VeryOne SaS (EURENCO)
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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DUBLIN--(BUSINESS WIRE)--The "Offshore Support Vessels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global offshore support vessels market grew at a CAGR of around 6% during 2014-2019. Looking forward, the publisher expects the market to continue its moderate growth during the next five years.
Offshore support vessels refer to various marine vessels that are used for transporting goods, supplies and equipment during subsea exploration and construction activities. Some of the common types of offshore support vessels include diving support, crane, and pipe laying vessels, seismic survey ships, and platform supply vessels (PSVs).
These vessels are primarily used for locating and inspecting oil and gas-bearing areas, towing and positioning rigs/platforms and offering maintenance facilities. They are equipped with powerful small-sized boats that respond to emergencies at offshore installations and also provide various other services, such as transportation, anchor management and platform support.
Increasing oil and gas exploratory activities is one of the key factors driving the growth of the market. Furthermore, the rising demand for PSVs across the globe is also providing a boost to the market growth. PSVs are used in the production stage of offshore drilling and for the transportation of cement, casting and drilling pipes and completion fluids. Additionally, various technological advancements in the manufacturing processes of offshore support vessels and the integration of Dynamic Positioning (DP) systems in marine vessels, is acting as another growth-inducing factor.
Manufacturers are emphasizing on producing computer-controlled vessels that can automatically control their propellers and thrusters to maintain a specific position. Other factors, including rapid industrialization and extensive research and development (R&D) activities, along with growing investments in the oil and gas sector across the globe, especially in the emerging economies, are projected to drive the market further.
Companies Mentioned
Key Questions Answered in this Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Offshore Support Vessel Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Forecast
6 Market Breakup by Type
6.1 Anchor Handling Towing Supply Vessel
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Platform Supply Vessel
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Fast Supply Intervention Vessel
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Multi-Purpose Service Vessel
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Water Depth
7.1 Shallow Water
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Deepwater
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Fuel
8.1 Fuel Oil
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 LNG
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Service Type
9.1 Financial Services
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Technical Services
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Inspection & Survey
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Crew Management
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Logistics & Cargo Management
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by Applications
10.1 Oil and Gas Applications
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Offshore Applications
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.2 Asia Pacific
11.3 Europe
11.4 Latin America
11.5 Middle East and Africa
12 SWOT Analysis
13 Value Chain Analysis
14 Porters Five Forces Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/mentl
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HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that it has completed the previously announced transaction to acquire additional Montney acreage in Canada from Kelt Exploration Ltd. Cash consideration for the transaction was approximately $390 million at current foreign exchange rates and is subject to customary post-closing adjustments. The company also assumed approximately $30 million in financing obligations for associated partially owned infrastructure. The company now has 295,000 net acres in the Montney with 100 percent working interest.
“The liquids-rich Montney represents an attractive low cost of supply resource within our portfolio,” said Matt Fox, executive vice president and chief operating officer. “By nearly doubling our net acreage position, this acquisition provides us with the scale to optimize development in an area where we are already seeing encouraging early results.”
Production associated with the acquired asset was approximately 15 thousand barrels of oil equivalent per day (MBOED) in the second quarter of 2020. Given ongoing variability and uncertainty in the outlook for production curtailments, the company will continue to suspend forward-looking guidance and sensitivities.
--- # # # ---
About ConocoPhillips
Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 16 countries, $63 billion of total assets, and approximately 9,700 employees on June 30, 2020. Production excluding Libya averaged 1,130 MBOED for the six months ended June 30, 2020, and proved reserves were 5.3 BBOE as of Dec. 31, 2019. For more information, go to www.conocophillips.com.
CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as "anticipate," "estimate," "believe," "budget," "continue," "could," "intend," "may," "plan," "potential," "predict," "seek," "should," "will," "would," "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target" and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas and the resulting company actions in response to such changes, including changes resulting from the imposition or lifting of crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; changes in commodity prices; changes in expected levels of oil and gas reserves or production; operating hazards, drilling risks, unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining, or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to liquidate the common stock issued to us by Cenovus Energy Inc. at prices we deem acceptable, or at all; our ability to complete our announced dispositions or acquisitions on the timeline currently anticipated, if at all; the possibility that regulatory approvals for our announced dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of our announced dispositions, acquisitions or our remaining business; business disruptions during or following our announced dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced dispositions in the manner and timeframe we currently anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation; the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from extraordinary weather events, civil unrest, war, terrorism or a cyber attack; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Cautionary Note to U.S. Investors – The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves. We may use the term "resource" in this news release that the SEC’s guidelines prohibit us from including in filings with the SEC. U.S. investors are urged to consider closely the oil and gas disclosures in our Form 10-K and other reports and filings with the SEC. Copies are available from the SEC and from the ConocoPhillips website.
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DUBLIN--(BUSINESS WIRE)--The "Planned LNG Market by Technology and End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
The global planned LNG market was valued at $102.2 billion in 2019, and is projected to reach $58.9 billion by 2030, growing at a CAGR of 9.9% from 2020 to 2030. Planned LNG can be defined as the expansion of regasification and liquefaction terminal capacities.
Some of the factors such as cost advantage of LNG over other energy sources for end-use industries, environmental benefits, monetary systems and subsidies, and others are expected to boost the growth of the market. In addition, an increase in regasification capacities in the Asia-Pacific region boosts market growth. Some of the countries where the demand for LNG is expected to grow to include China, India, and others. However, the growth of renewable energy and nuclear energy is anticipated to decrease the demand for LNG. Moreover, the demand for LNG decreased in Japan and South Korea, owing to an increase in nuclear power generation and the pace of renewable energy infrastructure deployment.
The global planned LNG market is segmented on the basis of technology, end-use industry, and region. The technology segment is categorized into liquefaction and regasification. On the basis of end-use industry, the market is divided into residential, commercial, and industrial. By Region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits
Key Findings of the Study:
Market Dynamics
Drivers
Restraint
Opportunity
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/krp95n
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (the “Trust”) (NYSE: MTR) announced today that there will be no distribution paid for the month ended August 2020 to holders of record as of the close of business on August 31, 2020, as costs, charges and expenses attributable to the Trust’s royalty properties exceeded the revenue received from the sale of oil, natural gas and other hydrocarbons produced from such properties, as reported by the working interest owners.
The Trust was formed to own an overriding royalty interest of the net proceeds attributable to the specified interest in certain producing oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado. As described in the Trust's filings, the amount of the monthly distributions is expected to fluctuate from month to month, depending on the proceeds, if any, received by the Trust as a result of production, oil and natural gas prices and the amount of the Trust’s administrative expenses, among other factors. The amount of proceeds, if any, received or expected to be received by the Trust (and its ability to pay distributions to unitholders) has been and will continue to be directly affected, among other things, by the volatility in commodity prices. Recently, there has been a substantial decrease in oil and natural gas prices due in part to significantly decreased demand as a result of the COVID-19 pandemic and an oversupply of crude oil. Oil and natural gas prices could remain low for an extended period of time, which in turn could have a material adverse effect on Trust distributions. Continued low oil and natural gas prices, among other things, will reduce proceeds to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.
This press release contains forward-looking statements. No assurances can be given that the expectations contained in this press release will prove to be correct. The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty. The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust. Other important factors that could cause these statements to differ materially include delays in actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, declines in commodity pricing, and other factors described in the Trust’s Form 10-K for the year ended December 31, 2019 under “Part I, Item 1A. Risk Factors,” the Trust’s Form 10-Q for the quarter ended March 31, 2020 under “Part II, Item 1A. Risk Factors” and the Trust’s Form 10-Q for the quarter ended June 30, 2020 under “Part II, Item 1A. Risk Factors.” Statements made in this press release are qualified by the cautionary statements made in such risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.
Mesa Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020
http://mtr.investorhq.businesswire.com/
PG&E Encourages Customers to Update Their Contact Information Ahead of Peak Wildfire Season
Updates Needed to Prepare for Emergencies, Natural Disasters, PSPS Events
SAN FRANCISCO--(BUSINESS WIRE)--After seven days filled with rotating power outage due energy supply issues and lightning-sparked wildfires grow across the state, Pacific Gas and Electric Company (PG&E) is urging customers to provide the company with updated mobile numbers, email addresses and other key information so the company can contact them with important safety alerts and updates during wildfire season.
Updating Customer Contact Information is Easy
Already this year, more than 1.2 million PG&E customers have updated their contact information. PG&E thanks customers who have already taken action to ensure they will receive its wildfire safety alerts. For customers who have not yet confirmed or updated their contact information, PG&E strongly encourages everyone to do so by visiting www.pge.com/mywildfirealerts or by calling the PG&E contact center at 1-866-743-6589.
It is important that all customer information is up to date so that PG&E can share wildfire safety alerts. This is especially critical for medical baseline customers. In addition to notifying customers directly, PG&E also will provide outage updates and information through channels such as social media, local news, radio and the pge.com website.
“We have already seen the result of a dry winter rain season and a hotter-than-average late summer in our service area coupled with lighting strikes. A number of wildfires are burning across the region, and we continue to encourage our customers to conserve energy as we reach the tail end of a week-long extreme heatwave that resulted in rotating outages on Friday (Aug. 14) and Saturday (Aug. 15),” said PG&E Chief Customer Officer, Senior Vice President Laurie Giammona. “We are asking our customers to be sure we have their latest contact information so that we can share important safety alerts and information about their electric service.”
Customer Preparedness Tips
Besides updating their contact information, PG&E encourages customers to do the following:
For additional preparedness tips, worksheets, checklists and other resources, visit PG&E’s Safety Action Center.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit www.pge.com/ and www.pge.com/en/about/newsroom/index.page.
Media Relations:
415-973-5930
HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it will be participating in the upcoming following events:
Any investor presentation provided during the virtual conferences will be publicly available and may be accessed on the “For the Investor” page of Helix’s website, www.HelixESG.com.
About Helix
Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more information about Helix, please visit our website at www.HelixESG.com.
Erik Staffeldt
Executive Vice President & CFO
281-618-0465
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) announced today that its Board of Directors declared a quarterly cash dividend of $0.55 per share on Pioneer’s outstanding common stock. The dividend is payable October 14, 2020, to stockholders of record at the close of business on September 30, 2020.
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Pioneer Natural Resources Contacts:
Investors
Neal Shah – 972-969-3900
Tom Fitter – 972-969-1821
Michael McNamara – 972-969-3592
Media and Public Affairs
Tadd Owens – 972-969-5760
ST. PAUL, Minn.--(BUSINESS WIRE)--The board of directors of PolyMet Mining Corp. (“PolyMet” or the “company”) TSX: POM; NYSE American: PLM, today announced a 1-for-10 reverse stock split of its common shares effective on August 26, 2020, at 12:01 a.m. Pacific time. The company’s common shares will begin trading on a split adjusted basis on both the NYSE American and Toronto Stock Exchange under their current symbols at such date; the new CUSIP number is 731916409 and the new ISIN number is CA7319164090.
At PolyMet’s annual general and special meeting of shareholders held on June 24, 2020, shareholders authorized the board of directors, at its discretion, to effectuate a reverse stock split up to a 1-for-10 basis.
At the effective time, every ten issued and outstanding common shares of the company will be converted into one share of the company’s common shares. The reverse stock split will result in the number of issued and outstanding common shares of PolyMet being reduced from 1,006,997,495 to approximately 100,699,749 shares. Each shareholder will hold the same percentage of common shares outstanding immediately after the reverse stock split as held immediately prior to the action. No fractional shares will be issued in connection with the reverse stock split, and all fractional shares will be rounded down to the nearest whole share.
Registered shareholders holding physical share certificates will receive by mail a letter of transmittal advising of the reverse stock split and containing instructions. Holders of common shares of the company who hold uncertificated common shares (i.e. common shares held in book-entry form and not represented by physical share certificate), either as a registered holder or beneficial owner, will have their existing book-entry account(s) electronically adjusted by the company’s transfer agent, or, for beneficial shareholders, by their brokerage firms, banks, trusts or other nominees that hold in “street name” for their benefit. Such holders do not need to take any additional actions to exchange their pre-reverse stock split common shares for post-reverse stock split common shares.
About PolyMet
PolyMet is a mine development company that owns 100% of the NorthMet Project, the first large-scale project to be permitted within the Duluth Complex in northeastern Minnesota, one of the world’s major, undeveloped mining regions. NorthMet has significant proven and probable reserves of copper, nickel and palladium – metals vital to global carbon reduction efforts – in addition to marketable reserves of cobalt, platinum and gold. When operational, NorthMet will become one of the leading producers of nickel, palladium and cobalt in the U.S., providing a much needed, responsibly mined source of these critical and essential metals.
Located in the Mesabi Iron Range, the project will provide economic diversity while leveraging the region’s established supplier network and skilled workforce, and generate a level of activity that will have a significant effect in the local economy. For more information: www.polymetmining.com.
PolyMet Disclosures
This news release contains certain forward-looking statements concerning anticipated developments in PolyMet’s operations in the future. Forward-looking statements are frequently, but not always, identified by words such as “expects,” “anticipates,” “believes,” “intends,” “estimates,” “potential,” “possible,” “projects,” “plans,” and similar expressions, or statements that events, conditions or results “will,” “may,” “could,” or “should” occur or be achieved or their negatives or other comparable words. These forward-looking statements may include statements regarding the ability to receive environmental and operating permits, job creation, and the effect on the local economy, or other statements that are not a statement of fact. Forward-looking statements address future events and conditions and therefore involve inherent known and unknown risks and uncertainties. Actual results may differ materially from those in the forward-looking statements due to risks facing PolyMet or due to actual facts differing from the assumptions underlying its predictions.
PolyMet’s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and PolyMet does not assume any obligation to update forward-looking statements if circumstances or management’s beliefs, expectations and opinions should change.
Specific reference is made to risk factors and other considerations underlying forward-looking statements discussed in PolyMet’s most recent Annual Report on Form 40-F for the fiscal year ended December 31, 2019, and in our other filings with Canadian securities authorities and the U.S. Securities and Exchange Commission.
The Annual Report on Form 40-F also contains the company’s mineral resource and other data as required under National Instrument 43-101.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Media
Bruce Richardson, Corporate Communications
Tel: +1 (651) 389-4111
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Investor Relations
Tony Gikas, Investor Relations
Tel: +1 (651) 389-4110
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BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE: GHM), a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical and defense industries, today announced that James R. Lines, President and Chief Executive Officer, and Jeffrey F. Glajch, Vice President-Finance & Administration and Chief Financial Officer, will participate in the virtual Midwest IDEAS Investor Conference on August 26 and 27, 2020.
Graham will webcast a presentation which will be available at 8:00 AM Eastern Time on August 26, 2020 on the Midwest IDEAS conference website at www.IDEASconferences.com and in the investor relations section of the Company’s website at www.graham-mfg.com. The presentation will be available for 90 days following the conference.
ABOUT GRAHAM CORPORATION
Graham is a global business that designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. Energy markets include oil refining, cogeneration, and alternative power. For the defense industry, the Company’s equipment is used in nuclear propulsion power systems for the U.S. Navy. Graham’s global brand is built upon world-renowned engineering expertise in vacuum and heat transfer technology, responsive and flexible service and unsurpassed quality. Graham designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. Graham’s equipment can also be found in other diverse applications such as metal refining, pulp and paper processing, water heating, refrigeration, desalination, food processing, pharmaceutical, heating, ventilating and air conditioning. Graham’s reach spans the globe and its equipment is installed in facilities from North and South America to Europe, Asia, Africa and the Middle East.
Graham routinely posts news and other important information on its website, www.graham-mfg.com, where additional comprehensive information on Graham Corporation and its subsidiaries can be found.
Jeffrey F. Glajch
Vice President - Finance and CFO
Phone: (585) 343-2216
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Deborah K. Pawlowski / Christopher M. Gordon
Kei Advisors LLC
Phone: (716) 843-3908 / (716) 843-3942
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DUBLIN--(BUSINESS WIRE)--The "Fluid Loss Additive Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The market for fluid loss additive is expected to grow at a CAGR of over 3% globally during the forecast period.
The major factors driving the market studied is the increase in the production and exploration of shale gas and increasing investments in the latest and unconventional drilling technologies. On the flip side, the growing demand for electrical vehicles and harmful impact on the environment is hindering the growth of the market.
The drilling fluid application is expected to dominate the global fluid loss additive market over the forecast period. North America region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as the United States, and Canada.
Companies Mentioned
Key Market Trends
Drilling Fluid Application to Dominate the Market
North America Region to Dominate the Market
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increase in Shale Gas Exploration
4.1.2 Increasing Investments in the Latest and Unconventional Drilling Technologies
4.2 Restraints
4.2.1 Growing Demand for Electric Vehicles
4.2.2 Harmful Impact on Environment
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Additive Type
5.1.1 Synthetic
5.1.2 Natural
5.1.3 Synthetically Modified Natural
5.2 Application
5.2.1 Drilling Fluid
5.2.2 Cement Slurry
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Advancements in Horizontal Drilling and Hydraulic Fracturing
7.2 Other Opportunities
For more information about this report visit https://www.researchandmarkets.com/r/o8zsau
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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PRINCETON, N.J.--(BUSINESS WIRE)--NRG Energy, Inc. (NYSE:NRG) today announced that NRG’s proposed acquisition of Direct Energy, a North American business owned by Centrica PLC, was approved on August 20, 2020 by the requisite vote of Centrica PLC’s shareholders at a general meeting of its shareholders.
Closing for the previously announced transaction is expected by year end 2020. The transaction remains subject to other customary closing conditions, consents and regulatory approvals, including approval by the Federal Energy Regulatory Commission (FERC). In addition, NRG has submitted the transaction to the U.S. Department of Justice and the Federal Trade Commission under the Hart-Scott-Rodino Act, and the Commissioner of Competition under the Canadian Competition Act.
NRG also announced today it entered into an amendment of its Second Amended and Restated Credit Agreement to (i) increase the existing revolving commitments in an aggregate amount of $779 million and (ii) provide for a new tranche of revolving commitments in an aggregate amount of $258 million with a maturity date that is 30 months after the closing of the acquisition of Direct Energy, subject to certain potential extensions. The increase in the existing commitments and the commitments with respect to the new tranche will only become available upon the date of such closing. As a result, upon the closing date, the total revolving commitments available, subject to usage, under NRG’s revolving credit facility will equal $3.64 billion. This increase potentially reduces the need for other liquidity facilities associated with the proposed acquisition of Direct Energy. Citigroup Global Markets Inc. and Credit Suisse Loan Funding LLC acted as Joint Lead Arrangers in connection with the Amendment.
About NRG Energy
At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to more than 3.7 million residential, small business, and commercial and industrial customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, and by working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy, @nrginsight.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the federal securities laws. Such statements generally include the words “believes,” “plans,” “intends,” “targets,” “will,” “expects,” “suggests,” “anticipates,” “outlook,” “continues,” or similar expressions. Forward-looking statements include, without limitation, statements about the Direct Energy transaction and the anticipated timing thereof and NRG’s ability to satisfy the conditions with respect to such acquisition; NRG’s indebtedness, capital structure, plans, expectations, objectives and other future events, and views of economic and market conditions. NRG cautions that these statements are based on current estimates of future performance and are highly dependent upon a variety of factors, which could cause actual results to differ from these estimates. Among other risks and factors, NRG’s results are subject to general economic conditions, variation in demand from customers, the impact of geopolitical activity on the economy, continued market acceptance of NRG’s new product introductions, uncertainties with respect to the timing and terms of any disposition (including the timing of the Direct Energy transaction), the successful integration of acquisitions, restructurings, operating margin risk due to competitive pricing and operating efficiencies, supply chain risk, material and labor cost increases, tax reform, foreign currency fluctuations and interest rate risk. See NRG’s annual and quarterly reports filed with the Securities and Exchange Commission for further information regarding risk factors. NRG disclaims any obligation to publicly update or revise any forward-looking statements as a result of new information, future events or any other reason.
Investors:
Kevin L. Cole, CFA
609.524.4526
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Media:
Candice Adams
609.455.3777
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DUBLIN--(BUSINESS WIRE)--The "AC and DC Electric Vehicle Charging Stations Market Size Analysis and Outlook to 2026 - Potential Opportunities, Companies and Forecasts for diverse installation type across End User Industries and Countries" report has been added to ResearchAndMarkets.com's offering.
The AC and DC Electric Vehicle Charging Stations market is one of the dynamic battery and transmission systems segments with major factors such as technological advancements, wide range adoption and large scale applications.
The COVID-19 pandemic has had a negative impact on the market size for the year 2020, with small and medium scale companies struggling to sustain their businesses in the near term future. The AC and DC Electric Vehicle Charging Stations market growth has become variable by region with some countries offering huge growth potential while others face closures and low profit margins.
Report Description
The multi-client study on Global AC and DC Electric Vehicle Charging Stations markets provides in-depth research and analysis into AC and DC Electric Vehicle Charging Stations industry trends, market developments and technological insights. The report provides data and analysis of AC and DC Electric Vehicle Charging Stations penetration across application segments across countries and regions. The report presents a strategic analysis of the global AC and DC Electric Vehicle Charging Stations market through key drivers, challenges, opportunities and growth contributors. Further, the market attractiveness index is provided based on five forces analysis.
The global AC and DC Electric Vehicle Charging Stations market delivers value to customers through reliable market size for 2019 on the basis of demand and price analysis. The report presents near term and long term forecast of the addressable AC and DC Electric Vehicle Charging Stations market size to 2026.
Most of the leading AC and DC Electric Vehicle Charging Stations providers are designing their strategies for the long term future instead of short term cost savings. Accordingly, company wise products and recent developments are analyzed in the report to provide competitor benchmarking. Further, to provide detailed insights into the operating companies, business, SWOT and Financial profiles of leading AC and DC Electric Vehicle Charging Stations companies are included in the report.
Country wise analysis and AC and DC Electric Vehicle Charging Stations market growth potential in each country is provided in the report. Further, five regions across the world along with their growth prospects are analyzed across AC and DC Electric Vehicle Charging Stations types, application and end user segments.
The report delivers value to the clients through market forecasts by types, different segments and end-user applications of global and regional AC and DC Electric Vehicle Charging Stations markets to 2026.
In addition, recent industry developments including mergers and acquisitions, joint ventures, and new product launches are provided in the report.
Reasons to Buy:
Key Topics Covered:
1. Global AC and DC Electric Vehicle Charging Stations Market Overview
2. AC and DC Electric Vehicle Charging Stations Market Opportunities and Business Prospects
2.1 Fastest Growing Types of AC and DC Electric Vehicle Charging Stations, 2018-2026
2.2 Potential Application verticals of AC and DC Electric Vehicle Charging Stations, 2018-2026
2.3 Fastest Growth markets being targeted by leading players, 2018-2026
3. AC and DC Electric Vehicle Charging Stations Market Strategic Analysis Review
3.1 Near term and Long term trends set to shape up the future of AC and DC Electric Vehicle Charging Stations market
3.2 Market Drivers
3.3 Market Challenges
3.4 Porter's Five Forces Analysis
4. Global AC and DC Electric Vehicle Charging Stations Market Outlook
4.1 Global AC and DC Electric Vehicle Charging Stations Market Outlook by Type, 2018-2026
4.2 Global AC and DC Electric Vehicle Charging Stations Market Outlook by Application, 2018-2026
4.3 Global AC and DC Electric Vehicle Charging Stations Market Outlook by Country, 2018-2026
5. Asia Pacific AC and DC Electric Vehicle Charging Stations Market Outlook
6. Europe AC and DC Electric Vehicle Charging Stations Market Outlook and Growth Opportunities
7. North America AC and DC Electric Vehicle Charging Stations Market Outlook and Growth Opportunities
8. South and Central America AC and DC Electric Vehicle Charging Stations Market Outlook and Growth Opportunities
9. Middle East Africa AC and DC Electric Vehicle Charging Stations Market Outlook and Growth Opportunities
10. AC and DC Electric Vehicle Charging Stations Market Competitive Analysis
10.1 Leading Players in AC and DC Electric Vehicle Charging Stations Market
10.2 Key Strategies/Initiatives of Leading Players
10.3 Business Profiles of Leading AC and DC Electric Vehicle Charging Stations Companies
10.3.1 Introduction
10.3.2 AC and DC Electric Vehicle Charging Stations Products
10.3.3 SWOT Analysis
10.3.4 Financial Analysis
11. Recent Developments in Global AC and DC Electric Vehicle Charging Stations Market
11.1 New Product Launches
11.2 Mergers and Acquisitions
11.3 Manufacturing Developments
12. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/toe994
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LONDON--(BUSINESS WIRE)--#AutomatedOilTankCleaningSystemMarketinEMEA--The automated oil tank cleaning system market in EMEA is expected to grow by USD 43.18 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 5%.
Request challenges and opportunities that influence COVID-19 pandemic - Request Free Sample Report on COVID-19 Impacts
Read the 120-page report with TOC on "Automated Oil Tank Cleaning System Market Analysis Report by Type (Solutions and Services), Application (Downstream, Midstream, and Upstream), Geography (Europe, Middle East, and Africa), and the Segment Forecasts, 2020-2024".
https://www.technavio.com/report/automated-oil-tank-cleaning-system-market-industry-analysis
The market is driven by increasing investments in oil storage tanks. In addition, the increasing market for tank cleaning systems as a service is anticipated to boost the growth of the automated oil tank cleaning system market in EMEA.
The US is one of the largest consumers of crude oil produced in the Middle East and African countries. With the adoption of technologies such as hydraulic fracturing and horizontal drilling, there has been a surge in the production of shale oil in the US. This has significantly decreased the export and resulted in the oversupply of crude oil in most of the oil-producing countries. Hence, to accommodate this increased supply, oil-producing countries are increasing investments in expanding storage capacities and installing new tanks. This has increased the demand for automated oil tank cleaning systems, which is driving the growth of the market.
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Major Five Automated Oil Tank Cleaning System Companies in EMEA:
Alfa Laval AB
Alfa Laval AB operates its business through segments such as Energy, Food & Water, Marine, Greenhouse, and Operations & Other. The company offers a wide range of automatic oil tank cleaning systems. Alfa Laval GJ 7, Alfa Laval GJ BB, and Alfa Laval GJ 9 are some of its key offerings.
ARKOIL Technologies Nederland BV
ARKOIL Technologies Nederland BV operates its business through the Tank cleaning and oil recovery segment. The company provides an exclusive non-man entry steam-based tank cleaning and oil recovery system that is compliant with the highest international safety standards.
Butterworth Inc.
Butterworth Inc. operates its business through the Products segment. The company provides various oil tank cleaning machines and components such as K/SK/SSK tank cleaning machine, LT/FT tank cleaning machines, BC/FT tank cleaning machine, LTQ tank cleaning hoses, hoses, couplings, and accessories, etc.
Grupo Tradebe Medioambiente SL
Grupo Tradebe Medioambiente SL operates its business through the Waste management solutions segment. The company offers an exclusive non-man entry steam-based tank cleaning and oil recovery system that is unrivaled throughout the world and compliant with the highest international safety standards.
KMT International Inc.
KMT International Inc. operates its business through the Products segment. The company offers an automated tank cleaning system known as the MegaMacs system. It is a mobile, energy independent solution that is easily adaptable for local conditions and a variety of projects related to cleaning tanks, pits, etc.
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Automated Oil Tank Cleaning System Market Type Outlook (Revenue, USD Billion, 2020-2024)
Automated Oil Tank Cleaning System Market Application Outlook (Revenue, USD Billion, 2020-2024)
Automated Oil Tank Cleaning System Market Geography Outlook (Revenue, USD Billion, 2020-2024)
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About Technavio
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
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Website: www.technavio.com/
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