NEW YORK--(BUSINESS WIRE)--#exploration--Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference in New York on September 9, 2020 at 8:25 a.m. ET.
A live audio webcast and a replay of the presentation will be accessible via Hess Corporation’s website.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com.
Cautionary Statements
This presentation will contain projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the company’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain risk factors. A discussion of these risk factors is included in the company’s periodic reports filed with the Securities and Exchange Commission.
Investor contact:
Jay Wilson
(212) 536-8940
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Media contact:
Lorrie Hecker
(212) 536-8250
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DUBLIN--(BUSINESS WIRE)--The "Digital Oilfield Market by Solutions (Hardware, Software & Service, and Data Storage Solutions), Processes (Reservoir, Production, and Drilling Optimizations), Application (Onshore and Offshore), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global digital oilfield market is projected to reach USD 28.5 billion by 2025 from an estimated USD 20.2 billion in 2020, at a post-COVID-19 CAGR of 7.1% from 2020 to 2025.
New technological advancements and increased Return on Investment (ROI) are driving the digital oilfield market. Europe and North America are expected to be the largest markets for digital oilfield during the forecasted year. Data security and cyber threats are key pain points for oil field operations that can restrain the growth of the market during the forecast period.
The hardware segment is expected to hold the largest share of the digital oilfield market, by solutions, during the forecast period.
The hardware solutions segment includes Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), smart wells, safety systems, wireless sensors, Programmable Logic Controller (PLC), computer equipment & application hardware, process automation manager, and human-machine interaction instrument which is responsible for surveillance and communication data transfer in both onshore and offshore fields. The hardware segment of the global digital oilfield market is expected to grow at a fast pace during the forecast period. The capital investment by oilfield operators toward technology enhancement and process automation enables the companies to eliminate non-productive time, optimize production and enhanced control, and monitor oil & gas fields.
Middle East: The fastest market for digital oilfields.
The Middle East is the largest market for digital oilfields, followed by North America and the Asia Pacific. The region consists of major oil & gas producing countries such as Saudi Arabia, the UAE, Kuwait, Iraq, and Iran, which have some of the largest petroleum reserves in the world. Saudi Arabia continues to drive the demand for the market in the region. Despite the recent decline in profit margins for the national oil companies, the companies continue to increase their production output. The use of digitization techniques would enhance the production output synergies, thereby enabling the oilfield operators to improve their operational efficiency.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Profiled
For more information about this report visit https://www.researchandmarkets.com/r/rwywjw
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LONDON--(BUSINESS WIRE)--#Globallandfillgasmarket--Technavio has been monitoring the landfill gas market and it is poised to grow by USD 1.68 billion during 2020-2024, progressing at a CAGR of about 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. 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. Advanced Disposal Services Inc., Ameresco Inc., Aria Energy, Biffa Group Ltd., Covanta Holding Corp., Energy Developments Pty. Ltd., General Electric Co., Infinis Energy Plc, VEOLIA ENVIRONNEMENT SA, and Waste Management Inc. are some of the major market participants. The growing demand for energy worldwide 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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Landfill gas market 2020-2024: Segmentation
Landfill gas market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40549
Landfill gas market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The landfill gas market report covers the following areas:
This study identifies the emergence of smart landfills as one of the prime reasons driving the landfill gas market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Landfill gas market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Technology
Customer landscape
Geographic Landscape
Drivers, Challenges, and 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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WHITE PLAINS, N.Y.--(BUSINESS WIRE)--#CNG--Please replace the release dated August 31, 2020 with the following corrected version due to multiple revisions.
The updated release reads:
FORTISTAR AND PALOMA DAIRY BEGIN CONSTRUCTION ON A RENEWABLE NATURAL GAS FACILITY THAT WILL POWER ENOUGH TRUCKS TO MOVE 10 MILLION MILES OF FREIGHT
Fortistar and Paloma Dairy today announced the beginning of construction on a dairy digester renewable natural gas (RNG) facility, the Sunoma Renewable Biofuel Project. The new facility will produce 1.6 million gasoline gallon equivalents (GGE) of vehicle fuel annually for the Class 8 trucking sector—enough fuel to move 10 million miles of freight.
In addition to the significant community environmental benefits and savings for the fleets that use the fuel, the project will boost the local economy with 50 construction jobs and 6 permanent positions in Gila Bend, Arizona. This project continues an aggressive renewable fuels growth strategy at Fortistar aimed at helping businesses and public agencies dramatically reduce their GHG emissions with a solution that also saves them money. TruStar Energy, a Fortistar portfolio company and leading developer of RNG fueling stations, will market and deliver the fuel.
“This one project will help provide solutions for two important American industries. We are using our expertise to create new economic streams for dairies, while capturing methane and repurposing it to decarbonize the transportation sector,” said Mark Comora, President of Fortistar. “We are excited about partnering with the Van Hofwegen family on the Sunoma Renewable Biofuel Project to create the lowest carbon transportation fuel on the market.”
“The decision was easy,” remarked Robert Van Hofwegen Sr., patriarch of the Paloma Dairy family business. “We saw a great environmental and economic opportunity in the management of our manure and emissions. The key was finding a partner that could execute and unlock the potential value. We believe we found that partner with Fortistar and we look forward to working with them on this most exciting project.”
Paloma Dairy is owned by the Van Hofwegen family, a fourth-generation dairy farm family in Gila Bend, AZ. The farm relies on the latest radio-frequency identification (RFID) technology that helps to provide its distinctive black and white Holstein cows with individualized care and provisions. Paloma Dairy keeps track of the entire health record of each cow via its signature RFID technology, which also allows employees to check on the health of each cow daily. In addition to the care of over 10,000 animals, the farm produces cow feed via alfalfa, corn silage, wheat and barley across 7,000 acres of farmland.
Montrose Water and Sustainability Services, a division of Montrose Environmental Group, completed design and engineering for the project as well as equipment procurement. Montrose’s subject matter experts will provide construction oversight, along with startup and commissioning support for the project. Industrial Services Company (ISC) will lead the building of the system.
Strengthening their position in the RNG industry, the Montrose team is excited to partner with Fortistar, the Van Hofwegen Family, and ISC to bring to market an industry-leading anaerobic digestion project that will offer long-term sustainable benefits to the farm and local community. The project will be interconnected with Southwest Gas Company who will also purchase the gas. Financing was provided by Live Oak Bank.
The Sunoma Renewable Biofuels Project is the third of 12 new Fortistar RNG projects totaling nearly $500 million in capital that Fortistar expects to begin over the next year. These new projects will help produce 120 million GGE of RNG over the next three years and reduce U.S. transportation emissions by 2 million metric tons of CO2 annually, which is the equivalent of taking approximately 424,628 passenger cars off the road.
About Fortistar
Founded in 1994, Fortistar is a privately-owned investment firm that successfully builds, operates and manages companies and projects that address global challenges that others viewed as too complex or uncertain. Fortistar utilizes its capital, flexibility and operating expertise to grow high-performing assets, first in independent power projects and now into other areas that support decarbonization. As a team, Fortistar has led financings raising over $3.5 billion in capital for companies and projects in the energy, transportation and industrial sectors. For more information about Fortistar or its portfolio companies, please visit: www.fortistar.com and follow the company on LinkedIn.
Hayley Advokat
(202) 579-1062
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LONDON--(BUSINESS WIRE)--#DrillingRigMarket--Technavio has been monitoring the drilling rig market and it is poised to grow by USD 18.35 bn during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. 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. Archer Ltd., China Oilfield Services Ltd., Helmerich & Payne Inc., KCA Deutag Alpha Ltd., Nabors Industries Ltd., National Oilwell Varco Inc., Noble Corp. Plc, Patterson-UTI Energy Inc., Transocean Ltd., and Valaris Plc. are some of the major market participants. The growth in oil and gas 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.
Drilling Rig Market 2020-2024: Segmentation
Drilling Rig 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=IRTNTR40382
Drilling Rig 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 drilling rig market report covers the following areas:
This study identifies the growing demand for new-generation automated drilling rigs as one of the prime reasons driving the drilling rig 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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Drilling Rig 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.
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Annual Award Recognizes Breakthrough Solutions Created Through Itron’s Partner Enablement Program
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announces a call for nominations for the second annual Itron Innovator Award. The award will recognize an Itron customer for driving excellence in innovation by taking advantage of Itron’s partner enablement programs to deliver value for smart utilities and smart communities. The winner will be announced during Itron Utility Week 2020, a virtual event taking place on Oct. 27-29, 2020.
Nominations must recognize an Itron customer that is successfully implementing a solution developed through our partner ecosystem. The winning solution should demonstrate the use of ecosystem tools and services such as development kits, innovation challenges or consulting. The solution must also be successfully integrated with Itron technology and utilize Itron’s networks or distributed intelligence capabilities, with preference given to solutions that are delivering quantifiable outcomes. Learn more about the winner of the 2019 Innovator Award here.
“Innovation is critical to addressing our industry's challenges, and Itron’s Developer Program enables visionaries everywhere to build open, interoperable, value-driven solutions that meet consumer demands,” said Todd Thayer, director of partner enablement at Itron. “This award highlights the amazing results that can be achieved from the intersection of customers, partners and the power of innovation.”
Itron’s partner enablement programs provide cities and utilities with the tools to develop cutting-edge industrial IoT solutions. Central to the program, Itron’s vibrant partner ecosystem includes more than 220 smart utility, smart city and strategic business partners from around the world. With Itron’s ecosystem, cities and utilities are taking advantage of Itron’s partner network to deliver best-in-class solutions to address challenges both today and tomorrow.
Submit your nomination today here. Nominations are due on Sept. 21.
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Itron, Inc.
Elizabeth Bone
Corporate Communications Specialist
509.891.3750
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HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes (NYSE: BKR) announced today that the Baker Hughes international rig count for August 2020 was 747 up 4 from the 743 counted in July 2020, and down 391 from the 1,138 counted in August 2019. The international offshore rig count for August 2020 was 184, up 1 from the 183 counted in July 2020, and down 60 from the 244 counted in August 2019.
The average U.S. rig count for August 2020 was 250, down 5 from the 255 counted in July 2020, and down 679 from the 926 counted in August 2019. The average Canadian rig count for August 2020 was 53, up 21 from the 32 counted in July 2020, and down 89 from the 142 counted in August 2019.
The worldwide rig count for August 2020 was 1,050, up 20 from the 1,030 counted in July 2020, and down 1,156 from the 2,206 counted in August 2019.
August 2020 Rig Counts
August 2020 |
July 2020 |
August 2019 |
||||||||||||||||||||||
| Land | Offshore | Total | Month Variance |
Land | Offshore | Total | Land | Offshore | Total | |||||||||||||||
| Latin America | 45 |
30 |
75 |
1 |
43 |
31 |
74 |
164 |
30 |
194 |
||||||||||||||
| Europe | 84 |
25 |
109 |
4 |
82 |
23 |
105 |
142 |
51 |
193 |
||||||||||||||
| Africa | 60 |
2 |
62 |
6 |
55 |
1 |
56 |
97 |
18 |
115 |
||||||||||||||
| Middle East | 262 |
39 |
301 |
-14 |
277 |
38 |
315 |
363 |
53 |
416 |
||||||||||||||
| Asia Pacific | 112 |
88 |
200 |
7 |
103 |
90 |
193 |
128 |
92 |
220 |
||||||||||||||
| International | 563 |
184 |
747 |
4 |
560 |
183 |
743 |
894 |
244 |
1,138 |
||||||||||||||
| United States | 237 |
13 |
250 |
-5 |
243 |
12 |
255 |
900 |
26 |
926 |
||||||||||||||
| Canada | 51 |
2 |
53 |
21 |
31 |
1 |
32 |
139 |
3 |
142 |
||||||||||||||
| North America | 288 |
15 |
303 |
16 |
274 |
13 |
287 |
1,039 |
29 |
1,068 |
||||||||||||||
| Worldwide | 851 |
199 |
1,050 |
20 |
834 |
196 |
1,030 |
1,933 |
273 |
2,206 |
||||||||||||||
Beginning September 2020, the monthly international rig count will be distributed using the same email alert-based subscription system as the weekly North America rig count. A monthly press release will no longer be distributed following today’s August 2020 rig count. The subscription system is available free-of-charge and is available by clicking here to join on the rig count website.
About the Baker Hughes Rig Counts
The Baker Hughes rig counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the U.S., Canada and international markets. The Company has issued the rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of the U.S. and Canadian drilling activity. The monthly international rig count was initiated in 1975.
The North American rig count is scheduled to be released at noon Central Time on the last working day of each week. The international rig count is scheduled to be released on the last working day of the first week of the month at 5:00 a.m. Central Time. Additional detailed information on the Baker Hughes rig counts is available on our rig count site.
About Baker Hughes:
Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com
Investor Relations
Jud Bailey
+1 281-809-9088
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DALLAS--(BUSINESS WIRE)--Flowserve Corporation, (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that Tamara Morytko will join the company as president of the Flowserve Pumps Division, beginning Monday, September 14.
Ms. Morytko recently served as chief operating officer and senior vice president, administration of Norsk Titanium, a late stage startup focused on transforming the materials management sector through the use of technology and 3D printed forgings. Prior to that, Ms. Morytko served as vice president, Asia Pacific for Baker Hughes, responsible for operations spanning China, Southeast Asia, Indonesia and Australia. She also held leadership roles in North America and supply chain while at Baker Hughes. Early in her career, Ms. Morytko worked in operations at United Technologies and as an auditor for Arthur Andersen specializing in the manufacturing sector.
“I’m truly excited about the international experience Tamara brings to Flowserve in the areas of product development, engineering, as well as manufacturing and aftermarket services,” said Scott Rowe, Flowserve president and chief executive officer. “Her proven leadership in these core areas, along with her extensive background in operations will help to build upon our Flowserve 2.0 Transformation efforts as we build the Flowserve of the future,” he added.
Ms. Morytko brings more than 25 years of experience in industrial manufacturing including supply chain management, materials management, operations, technology integration and aftermarket services from a variety of industrial companies. She holds an MBA and a B.S. in Accounting from Purdue University.
About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com.
Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; our ability to execute and realize the expected financial benefits from our strategic manufacturing optimization and realignment initiatives; economic, political and other risks associated with our international operations, including military actions or trade embargoes that could affect customer markets, particularly Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; a foreign government investigation regarding our participation in the United Nations Oil-for-Food Program; expectations regarding acquisitions and the integration of acquired businesses; our ability to anticipate and manage cybersecurity risk, including the risk of potential business disruptions or financial losses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; and other factors described from time to time in our filings with the Securities and Exchange Commission.
All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.
Investor Contacts:
Jay Roueche, Vice President, Investor Relations, (972) 443-6560
Mike Mullin, Director, Investor Relations, (972) 443-6636
Media Contact:
Lars Rosene, Vice President, Corporate Communications & Public Affairs, (972) 443-6644
LONDON--(BUSINESS WIRE)--#AcetyleneGasMarket--Technavio has been monitoring the acetylene gas market and it is poised to grow by 105.13 mn t 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. We offer $1000 worth of FREE customization
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Air Products and Chemicals Inc., BASF SE, Coregas Pty Ltd, Dow Inc., Koatsu Gas Kogyo Co. Ltd., L Air Liquide SA, Linde plc, Premier Cryogenics Ltd., Saudi Basic Industries Corp., and SOL Spa are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The superior properties of acetylene have been instrumental in driving the growth of the market. However, the volatility in raw material prices might hamper the market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts
Acetylene Gas Market 2020-2024: Segmentation
Acetylene Gas Market is segmented as below:
Acetylene Gas Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The acetylene gas market report covers the following areas:
This study identifies the surge in application prospects as one of the prime reasons driving the acetylene gas market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Acetylene Gas Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application by Volume
Customer Landscape
Geographic Landscape by Volume
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News:
TechnipFMC (NYSE:FTI) (PARIS:FTI) announced today that Doug Pferdehirt, Chairman and Chief Executive Officer, will address attendees on Wednesday, September 9, at 8:25 a.m. EDT at the following event:
Barclays CEO Energy-Power Conference
September 8 – 10, 2020
Location: Virtual Conference
The access to the live webcast and accompanying presentation slides will be made available at the time of the event and can be accessed on the Investor Relations website. An audio replay of the webcast for the presentation will be available on this same website for 180 days.
About TechnipFMC
TechnipFMC is a global leader in the energy industry; delivering projects, products, technologies and services. With our proprietary technologies and production systems,integrated expertise, and comprehensive solutions, we are transforming our customers’ project economics.
Organized in three business segments — Subsea, Surface Technologies and Technip Energies — we are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our customers in developing their energy resources and in their positioning to meet the energy transition challenge.
Each of our approximately 37,000 employees is driven by a steady commitment to clients and a culture of project execution, purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.
TechnipFMC utilizes its website www.TechnipFMC.com as a channel of distribution of material company information. To learn more about us and how we are enhancing the performance of the world’s energy industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
Investor relations
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DUBLIN--(BUSINESS WIRE)--The "Global Power System Simulator Market, by Module (Load Flow, Harmonic, Short Circuit, Device Coordination Selectivity, & Others), by Offerings (Software, Hardware & Services), by End-Users (Power, Industrial, & Others), by Region, Competition, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
The Global Power System Simulator Market was valued at $ 960 million in 2019 and is projected to reach USD 1.38 billion by 2025, owing to rising emphasis on power generation through renewable resources and adoption of IoT as well as cloud-based platforms, globally. Power system simulator is a software tool used by various power system engineers to simulate electrical power transmission, generation & distribution for round-the-clock maintenance and is helpful in reducing the overall downtime of the projects.
Furthermore, a simulator acts as a real time simulator, which is used for analyzing grid faults, power flow calculation, and economic dispatch calculation. Moreover, rising necessity for renewable sources of energy such as solar and wind energy has given a boost to the power industry and will likely increase the demand for power system simulators in the coming years.
The power system simulator market is segmented based on module, offerings, end-users, and regions. Based of module, the market is segmented into Load Flow, Device Coordination Selectivity, Short Circuit, Harmonics and Others. The Load Flow segment accounted for the largest share in the Global Power System Simulator Market, followed by Harmonics segment.
Based on offerings, the market is categorized into Software, Hardware and Services. Out of these, the Software category accounted for largest share in the power system simulator market and is anticipated to dominate the market during the forecast period due to the investments into IoT as well as increasing advancements into existing software offerings to achieve higher efficiency.
Based on end-users, the market is segmented into Power, Industrial and Others, wherein Power segment dominates the market during the forecast period due to rising investments in renewable energy, growing power generation capabilities, and high growth rates in developing the economics of many countries.
Regionally, North America is expected to lead the market due to growing investments in renewable power generation capacities as well as growing IoT Industry in the United States and Canada. Major players operating in the Global Power System Simulator Market include ABB Ltd., Eaton Corporation, Siemens AG, General Electric Company, Schneider Electric, Open System International Inc., Fuji Electric Co. Ltd., The Math Works Inc., Powerworld Corporation, RTDS Technologies Inc., and others. Key market players are adopting competitive strategies such as new product developments, mergers & acquisitions, partnership, and agreements in order to expand their geographic reach and to increase their customer base.
The Objective of the Study:
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global Power System Simulator Market
4. Executive Summary
5. Voice of Customer
5.1. Product Awareness
5.2. Brand Awareness
5.3. Brand Recall
5.4. Product Pricing
5.5. Challenges & Unmet Needs
6. Global Power System Simulator Market Landscape
7. Global Power System Simulator Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Module (Load Flow, Harmonics, Short Circuit, Device Coordination
Selectivity and Others)
7.2.2. By Offerings (Software, Hardware and Services)
7.2.3. By End-Users (Power, Industrial and Others)
7.2.4. By Company
7.2.5. By Region
8. North America Power System Simulator Market Outlook
9. North America: Country Analysis
10. Asia Pacific Power System Simulator Market Outlook
11. Asia Pacific: Country Analysis
12. Europe Power System Simulator Market Outlook
13. Europe: Country Analysis
14. Middle East & Africa Power System Simulator Market Outlook
15. Middle East & Africa: Country Analysis
16. South America Power System Simulator Market Outlook
17. South America: Country Analysis
18. Market Dynamics
18.1. Drivers
18.2. Challenges
19. Market Trends & Developments
20. Pricing Analysis
21. Competitive Landscape
21.1. ABB Ltd.
21.2. Eaton Corporation
21.3. Siemens AG
21.4. General Electric Company
21.5. Schneider Electric
21.6. Open System International Inc.
21.7. Fuji Electric Co. Ltd.
21.8. The Math Work, Inc.
21.9. Powerworld Corporation
21.10. RTDS Technologies Inc.
22. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/q58qp9
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Emerges from Chapter 11 and Appoints New Board of Directors
TULSA, Okla.--(BUSINESS WIRE)--Unit Corporation (Company) today announced that it has emerged from Chapter 11 bankruptcy protection. This marks the successful completion of the Company's financial restructuring process along with implementing the Company's Plan of Reorganization (Plan), which was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division on August 6, 2020.
"Our successful financial restructuring positions us to handle current challenges in the oil and gas industry and realize the potential of our Company," said David T. Merrill, President and Chief Executive Officer. "We look forward to continuing to enhance our financial strength and using our strengths, teamwork, and focus to improve our performance as a Company. On behalf of the Company and newly appointed Board of Directors, I would like to express our gratitude to our employees for their continued hard work and dedication during this process."
New Capital Structure
Under the Plan, the Company will complete a debt-for-equity exchange with the holders of the Company's previous 6.625% senior subordinated notes (Subordinated Notes) and will exchange its prior common stock (old common stock) for warrants to purchase its new common stock. As part of the Plan, the Company converted its existing credit facility agented by BOKF, NA into a $140 million reserve-based lending revolving loan and $40 million term loan, which remains agented by Tulsa headquartered BOKF, NA and committed by all lenders under the previous facility (the lenders). Additionally, the Company will have significantly reduced its unsecured debt liabilities, further bolstering its balance sheet.
Credit Facility
Under the terms of the Plan, the Company and certain subsidiaries (Borrowers) entered into an amended and restated credit agreement with the lenders and BOKF, NA, as administrative agent (Exit Credit Agreement) providing for a $140 million senior secured revolving credit facility (RBL Facility) and a $40 million senior secured term loan facility (Term Loan Facility). The maturity date of borrowings under the Exit Credit Agreement is March 1, 2024. As of September 3, 2020, the Borrowers had (i) $40 million in principal amount of Term Loans outstanding under the Term Loan Facility, (ii) approximately $92 million in principal amount of revolving loans outstanding under the RBL Facility and (iii) approximately $6.7 million of outstanding letters of credit.
New Common Stock
The Company will issue a total of 12 million shares of new common stock, par value $0.01 per share. Of the total outstanding shares, 95% will be issued to holders of the Subordinated Notes and holders of certain allowed general unsecured claims, and 5% has been issued to the lenders under the Exit Credit Agreement.
Warrants
Under the Plan, warrants to purchase up to an aggregate of approximately 1.8 million shares of the Company’s new common stock will be issued to holders of old common stock. The exercise price of the warrants will be determined and the warrants will become exercisable once all general unsecured claims are resolved. The Company will calculate the initial exercise price per share for the warrants, which will be set at an amount that implies a recovery by holders of the Subordinated Notes of the $650 million principal amount of the Subordinated Notes plus interest thereon to the May 15, 2021 maturity date of the Subordinated Notes.
New Board of Directors
A new Board of Directors was appointed upon the Company's emergence, providing valuable expertise and experience to the Company as it moves forward post-restructuring. The new Board of Directors consists of seven members, including Robert Anderson, Alan Carr, Phil Frohlich, Steven Hildebrand, David Merrill, Philip Smith, and Andrei Verona.
Trading on an OTC Market
The Company is seeking to facilitate trading of the new common stock on one of the OTC markets. Such market will be determined by the Board of Directors. The Company expects to complete this process during the 2020 fourth quarter and will publicly disclose the results once completed.
The Company expects the debt for equity exchange and the common stock for warrant exchange under the Plan to be completed during the 2020 fourth quarter. More information about these Chapter 11 cases can be accessed via PACER at https://www.pacer.gov and https://cases.primeclerk.com/UnitCorporation or by calling (877) 720-6581 (Toll-Free) or (646) 979-4412 (Local).
Vinson & Elkins L.L.P. served as legal advisor, Evercore Group L.L.C. served as investment banker, and Opportune LLP served as restructuring advisor to the Company.
Weil, Gotshal & Manges LLP served as legal advisor and Greenhill & Co., LLC served as financial advisor to an ad hoc group of holders of Subordinated Notes.
About the Company
Unit Corporation is a Tulsa-based energy company engaged through its subsidiaries in oil and gas exploration, production, contract drilling and natural gas gathering and processing. For more information about Unit Corporation, visit its website at http://www.unitcorp.com.
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not statements of historical facts and often contain words such as “may,” “will,” “expect,” “believe,” “anticipate,” “plan,” “estimate,” “seek,” “could,” “should,” “intend,” “potential,” or words of similar meaning. Forward-looking statements are based on management’s current expectations, beliefs, assumptions and estimates regarding the Company, industry, economic conditions, government regulations and energy policies and other factors. Forward- looking statements may include, for example, statements regarding the Company’s ability to continue to operate successfully following emergence and completing the debt for equity and common stock for warrant exchanges. These statements are subject to significant risks, uncertainties, and assumptions difficult to predict and could cause actual results to differ materially and adversely from those expressed or implied in the forward-looking statements, including risks and uncertainties regarding management's expectations of plans, strategies, objectives, growth and anticipated financial and operational performance; financial prospects; anticipated sources and uses of capital and other matters. Forward-looking statements are also subject to the risk factors and cautionary language described occasionally in the reports and registration statements the Company files with the Securities and Exchange Commission, including those in the Company’s most recent Annual Report on Form 10-K and any updates thereto in the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Additional factors, events, or uncertainties that may emerge occasionally, or those that the Company deems immaterial, could cause the Company’s actual results to differ, and it is impossible for the Company to predict them all. The Company makes forward-looking statements based on currently available information, and the Company assumes no obligation to, and expressly disclaim any obligation to, update or revise publicly any forward-looking statements made in this news release, whether because of new information, future events or otherwise, except as required by law.
Michael D. Earl
Vice President, Investor Relations
(918) 493-7700
DUBLIN--(BUSINESS WIRE)--The "Solar Battery Charger - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The 138-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Global Solar Battery Charger Market to Reach US$40.2 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Solar Battery Charger estimated at US$19.2 Billion in the year 2020, is projected to reach a revised size of US$40.2 Billion by 2027, growing at a CAGR of 11.2% over the analysis period 2020-2027.
Individual Consumers, one of the segments analyzed in the report, is projected to grow at a 9.7% CAGR to reach US$10 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Transportation segment is readjusted to a revised 13.6% CAGR for the next 7-year period. This segment currently accounts for a 29.3% share of the global Solar Battery Charger market.
The U.S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 10.8% CAGR for the Period of 2020-2027
The Solar Battery Charger market in the U.S. is estimated at US$5.7 Billion in the year 2020. The country currently accounts for a 29.47% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$7.1 Billion in the year 2027 trailing a CAGR of 10.8% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.5% and 9.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR while Rest of European market (as defined in the study) will reach US$7.1 Billion by the year 2027.
Military Segment Corners a 43.5% Share in 2020
In the global Military segment, USA, Canada, Japan, China and Europe will drive the 10.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.7 Billion in the year 2020 will reach a projected size of US$13.1 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.8 Billion by the year 2027.
Competitors identified in this market include, among others:
Total Companies Profiled: 56
Key Topics Covered
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/y0rs70
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LONDON--(BUSINESS WIRE)--#AircraftFuelSystemsMarket--Technavio has been monitoring the global aircraft fuel systems market and it is poised to grow by USD 752.31 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. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ALOFT AeroArchitects, BAE Systems Plc, Crane Co., Eaton Corporation Plc, Honeywell International Inc., Parker Hannifin Corp., Raytheon Technologies Corp., Safran SA, Senior Plc, and Woodward 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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The increase in aircraft design innovations has been instrumental in driving the growth of the market. However, the increase in environmental regulations 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
Aircraft Fuel Systems Market 2020-2024: Segmentation
Aircraft Fuel Systems Market is segmented as below:
Aircraft Fuel Systems 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 aircraft fuel systems market report covers the following areas:
This study identifies the growing popularity of additive manufacturing as one of the prime reasons driving the Aircraft Fuel Systems 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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Aircraft Fuel Systems Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Technology
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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HOUSTON--(BUSINESS WIRE)--Regulatory News:
Schlumberger Limited (NYSE: SLB) will hold a conference call on October 16, 2020 to discuss the results for the third quarter ending September 30, 2020.
The conference call is scheduled to begin at 8:30 a.m. US Eastern time and a press release regarding the results will be issued at 7:00 a.m. US Eastern time.
To access the conference call, listeners should contact the Conference Call Operator at +1 (844) 721-7241 within North America or +1 (409) 207-6955 outside of North America approximately 10 minutes prior to the start of the call and the access code is 4013483.
A webcast of the conference call will be broadcast simultaneously at www.slb.com/irwebcast on a listen-only basis. Listeners should log in 15 minutes prior to the start of the call to test their browsers and register for the webcast. Following the end of the conference call, a replay will be available at www.slb.com/irwebcast until November 16, 2020, and can be accessed by dialing +1 (866) 207-1041 within North America or +1 (402) 970-0847 outside of North America, and giving the access code 3336191.
About Schlumberger
Schlumberger is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. With product sales and services in more than 120 countries and employing approximately 85,000 people as of the end of the second quarter of 2020 who represent over 170 nationalities, Schlumberger supplies the industry’s most comprehensive range of products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance sustainably.
Schlumberger Limited has executive offices in Paris, Houston, London, and The Hague, and reported revenues of $32.92 billion in 2019. For more information, visit www.slb.com.
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Office +1 (713) 375-3535
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AMES, Iowa--(BUSINESS WIRE)--Renewable Energy Group, Inc. (NASDAQ: REGI) announced today that it has added Walter Berger to the company’s Board of Directors.
Mr. Berger brings a broad cross-section of experience with commercial, product, operating, strategic, M&A, and financial responsibilities and outcomes. Notably, he has strong domain expertise in technology commercialization, including energy, Cloud, software, and communications.
“We are very pleased to be adding Walter to the REG Board. His professional background and expertise bring additional diverse and synergistic perspectives to REG,” said Jeffrey Stroburg, Chairman of the Board. “Despite the current challenging operating environment under COVID-19, REG continues to accelerate our participation in the energy transition. Walter will be an asset to our team as we drive for ongoing growth and long-term success.”
Mr. Berger currently serves as President, Chief Operating Officer, and Director of KYMETA Corporation, a satellite technology and communications company headquartered in Redmond, Washington.
Before joining KYMETA, Mr. Berger served as Chief Operating Officer and Chief Financial Officer of Nuvectra Corporation, a medical device company. Before that, Mr. Berger served as Chief Financial Officer of AppDynamics Inc., an application performance management and IT operations analytics company. Mr. Berger has also served on for-profit and non-profit boards, including Sirius Computer Solutions, a national integrator of technology-based business solutions, until late 2017. Mr. Berger holds a B.A. in business administration from the University of Massachusetts, Amherst.
Berger will serve as a Class I Director and will serve on the Audit and Risk Management committees of the Board. His term will expire at the 2021 annual meeting of the company’s stockholders.
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.
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations and assumptions, are subject to change, and actual results may differ materially. Factors that could cause actual results to differ materially are described in REG's annual report on Form 10-K for the year ended December 31, 2019, quarterly report on Form 10-Q for the quarter ended June 30, 2020 and from time to time in the Company's other periodic filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release and REG does not undertake to update any forward-looking statements based on new developments or changes in our expectations
Katie Stanley
Renewable Energy Group
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(515) 239-8184
HOUSTON--(BUSINESS WIRE)--Schlumberger Limited (NYSE: SLB) will hold a conference call on October 16, 2020 to discuss the results for the third quarter ending September 30, 2020.
The conference call is scheduled to begin at 8:30 a.m. US Eastern time and a press release regarding the results will be issued at 7:00 a.m. US Eastern time.
To access the conference call, listeners should contact the Conference Call Operator at +1 (844) 721-7241 within North America or +1 (409) 207-6955 outside of North America approximately 10 minutes prior to the start of the call and the access code is 4013483.
A webcast of the conference call will be broadcast simultaneously at www.slb.com/irwebcast on a listen-only basis. Listeners should log in 15 minutes prior to the start of the call to test their browsers and register for the webcast. Following the end of the conference call, a replay will be available at www.slb.com/irwebcast until November 16, 2020, and can be accessed by dialing +1 (866) 207-1041 within North America or +1 (402) 970-0847 outside of North America, and giving the access code 3336191.
About Schlumberger
Schlumberger is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. With product sales and services in more than 120 countries and employing approximately 85,000 people as of the end of the second quarter of 2020 who represent over 170 nationalities, Schlumberger supplies the industry’s most comprehensive range of products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance sustainably.
Schlumberger Limited has executive offices in Paris, Houston, London, and The Hague, and reported revenues of $32.92 billion in 2019. For more information, visit www.slb.com.
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Office +1 (713) 375-3535
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ST. PAUL, Minn.--(BUSINESS WIRE)--A Ramsey County District Court judge today found that the Minnesota Pollution Control Agency (MPCA) did not engage in any procedural irregularities in connection with the processing of the National Pollutant Discharge Elimination System (NPDES) permit for the NorthMet copper-nickel-precious metals project, according to Poly Met Mining, Inc., a wholly owned subsidiary of PolyMet Mining Corp. (together “PolyMet” or the “company”) TSX: POM; NYSE American: PLM.
In his decision, Judge John H. Guthmann rejected the allegations that MPCA engaged in a systematic effort to keep evidence out of the administrative record. Those allegations had been made by the relators Fond du Lac Band of Lake Superior Chippewa, WaterLegacy, Minnesota Center for Environmental Advocacy, Center for Biological Diversity and Friends of the Boundary Waters Wilderness. Judge Guthmann made his findings after presiding over a seven-day hearing in St. Paul in January and extensive briefing from the parties.
Judge Guthmann found no evidence that the MPCA attempted to suppress EPA comments. Indeed, the court observed that the process for PolyMet’s permit involved “significantly more interaction between the EPA and the MPCA than with the usual NPDES permit.” The court determined that “[a]t no time did the MPCA try to discourage or prevent the EPA from submitting written comments on either the pre-proposed permit or the final permit.” The court found that MPCA’s effort to reach an agreement with EPA to delay making written comments on a draft NorthMet NPDES permit until sometime after the public notice period did not constitute a procedural irregularity. The court concluded that the MPCA exceeded the requirements of the Memorandum of Agreement between EPA and MPCA.
The district court’s conclusion that no procedural irregularities occurred in the processing of PolyMet’s permit will be incorporated into the broader challenge to that permit currently pending before the court of appeals. In that case, environmental groups and the Fond du Lac Band have challenged the MPCA’s decision to issue the permit and its denial of a contested-case hearing. The court of appeals will decide the schedule for briefing and oral argument.
“We are pleased with the district court’s ruling and look forward to defending the challenge to the water permit currently pending in the court of appeals,” said Jon Cherry, chairman, president and CEO. “We remain confident the water quality permit meets all applicable standards and will ultimately be upheld by the courts.”
The district court decision comes on the heels of the Minnesota Supreme Court this spring granting the company’s and regulators’ petitions to review court of appeals’ rulings on its Permit to Mine, dam safety and air quality permits. The Minnesota Supreme Court recently scheduled oral argument in the Permit to Mine appeal for October 13, 2020.
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
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Investor Relations
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DUBLIN--(BUSINESS WIRE)--The "North America IoT in Oil & Gas Market, by Industry Stream (Upstream, Downstream, Midstream), by Solution (Sensor system, Communication Networks, Others), by Application (Fleet & Asset Management, Preventive Maintenance, Others), Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.
The North American IoT in Oil & Gas Market is forecast to grow at a CAGR of around 12% during 2021-2025.
IoT adoption in oil & gas allows in improving safety and while increasing profits at the same time. IoT will allow the industry to digitize, optimize, and automate processes that were previously disconnected, which would save time, money, besides increasing safety. Fluctuations in the oil prices and the digitization boom in the oil & gas industry are anticipated to drive the North American IoT in Oil & Gas Market over the coming years. Additionally, widespread implementation of the cloud-based software systems is further forecast to fuel the market on account of reduced security risks and increasing production capabilities.
The North American IoT in Oil & Gas Market is segmented based on the industry stream, solution, application, company, and country. Based on application, the market can be segmented into fleet & asset management, preventive maintenance, pipeline monitoring, security monitoring and others. The preventive maintenance segment is expected to witness significant growth during the forecast period since by utilizing IoT and creating a maintenance strategy, oil & gas companies can track deteriorated parts and equipment with higher possibility of diagnosing a problem remotely through preventive maintenance.
Major players operating in the North American IoT in Oil & Gas Market include C3 IoT, Inc., Cisco Systems, Inc., Equinor US Holding Inc, ABB Ltd., General Electric Company, Honeywell International Inc., Intel Corporation, International Business Machines Corporation (IBM), Microsoft Corporation, Rockwell Automation Inc. and others. Market players are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions.
Years considered for this report:
The Objective of the Study
Key Topics Covered
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. North America IoT in Oil & Gas Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Industry Stream (Upstream, Downstream, Midstream)
5.2.2. By Solution (Sensor system, Communication Networks, Data Management, Others)
5.2.3. By Application (Fleet & Asset Management, Preventive Maintenance, Pipeline Monitoring, Security Monitoring, Others)
5.2.4. By Company
5.2.5. By Region
5.3. Product Market Map
5.4. North America: Country Analysis
5.4.1. United States IoT in Oil & Gas Market Outlook
5.4.1.1. Market Size & Forecast
5.4.1.1.1. By Value
5.4.1.2. Market Share & Forecast
5.4.1.2.1. By Industry Stream
5.4.1.2.2. By Solution
5.4.1.2.3. By Application
5.4.2. Canada IoT in Oil & Gas Market Outlook
5.4.2.1. Market Size & Forecast
5.4.2.1.1. By Value
5.4.2.2. Market Share & Forecast
5.4.2.2.1. By Industry Stream
5.4.2.2.2. By Solution
5.4.2.2.3. By Application
5.4.3. Mexico IoT in Oil & Gas Market Outlook
5.4.3.1. Market Size & Forecast
5.4.3.1.1. By Value
5.4.3.2. Market Share & Forecast
5.4.3.2.1. By Industry Stream
5.4.3.2.2. By Solution
5.4.3.2.3. By Application
6. Market Dynamics
6.1. Drivers
6.2. Challenges
7. Policy & Regulatory Landscape
8. Market Trends & Developments
9. Competitive Landscape
9.1. Competition Outlook
9.2. Company Profiles
9.3. Regional Players Profiled (Leading Companies)
9.3.1. C3 IoT, Inc.
9.3.2. Cisco Systems, Inc.
9.3.3. Equinor US Holding Inc.
9.3.4. ABB Ltd.
9.3.5. General Electric Company
9.3.6. Honeywell International Inc.
9.3.7. Intel Corporation
9.3.8. International Business Machines Corporation (IBM)
9.3.9. Microsoft Corporation
9.3.10. Rockwell Automation Inc.
(Note: The companies list can be customized based on the client requirements.)
10. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/itw4hz
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LONDON--(BUSINESS WIRE)--#BallastWaterManagementMarket--The global ballast water management market size is expected to grow by USD 5.29 billion as per Technavio. This marks a significant market growth compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. Moreover, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 7%. Request Free Sample Report on COVID-19 Impacts
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The market is driven by the growing marine logistics business. In addition, the development of containerized ballast water management systems is anticipated to boost the growth of the ballast water management market.
Maritime transport is crucial in cross-border transport networks and the backbone of globalization that enable international trade and support supply chains. Maritime transport fosters industrial development by supporting manufacturing growth, bringing together consumers, intermediate and capital goods industries, and promoting regional economic and trade integration. In 2018, the global seaborne trade grew at the highest rate in several years. A volume of 11,005 million tons was loaded, and 11,002 million tons were unloaded globally. Moreover, growth in the availability of shipping data and application of big data analytics in the shipping industry has been providing greater visibility into the market as well as pricing trends, thereby allowing the shippers to choose optimal routes, fuel consumption patterns, gauge the weather conditions, and avoid piracy risks. Thus, the marine logistics business is growing, which has been resulting in the growth in ballast water use, thereby boosting the demand for ballast water management.
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Major Five Ballast Water Management Companies:
Alfa Laval AB
Alfa Laval AB has its business operations under various segments, such as energy, food and water, marine, greenhouse, and operations and other. The company offers PureBallast 3.1.
Evoqua Water Technologies LLC
Evoqua Water Technologies LLC operates its business through two segments, such as integrated solutions and services, and applied product technologies. The company offers SeaCURE Ballast Water Management System
Headway Technology Group (Qingdao) Co. Ltd.
Headway Technology Group (Qingdao) Co. Ltd. offers exhaust gas cleaning system, CR system, communication & navigation product, and other products. The company's key offerings in the ballast water management market includes OceanGuard BWMS.
Mitsubishi Heavy Industries Ltd.
Mitsubishi Heavy Industries Ltd. has its business operations under various segments, such as power systems; industry and infrastructure; and aircraft, defense, and space. The company offers ballast water treatment systems installation on oceangoing ships.
PANASIA Co. Ltd.
PANASIA Co. Ltd. offers Sulfur oxide reduction device, BWTS, Nitrogen oxide reduction device, retrofit service, marine satellite control system, ship water level control and measurement equipment. The company offers modular ballast water management system.
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Ballast Water Management Technology Outlook (Revenue, USD bn, 2019-2024)
Ballast Water Management Regional Outlook (Revenue, USD bn, 2019-2024)
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