SINGAPORE--(BUSINESS WIRE)--#ComplexitySimplified--Genesis Ray Energy (“Genesis Ray”), the Singapore- based clean energy research company providing innovative data analytics products on renewable energy and energy infrastructure mapping services, has launched the GenRay EXPLORER™, an intuitive online analytics tool that enables developers, investors and OEMs to screen, compare and evaluate gas and power assets in South and South East Asia.
GenRay EXPLORER is a first for the gas and power sector, combining intelligence and analytics in a single, GIS-powered visual platform. This gives users real-time access to accurate and in-depth information on the current landscape, competitors, and market dynamics, enabling commercial decisions about renewables and other clean energy projects to be reached quickly.
The shift to a low-carbon economy has been a game-changer for the global power industry as renewable sources of energy penetrate the sector. Across the world, countries are increasing the share of new and cleaner sources of energy in their overall energy mix. This has resulted in the emergence of a multi-trillion-dollar renewables industry as globally investors drift away from the volatile conventional energy industry and look forward to these newer sources.
However, information on the right markets and locations to target has been lacking, with no single source of data and most intelligence gathering being done by external parties. With GenRay EXPLORER, developers, investors and OEMs can now bring their analytics in-house, saving time and money, while obtaining more sophisticated insights and improved risk-analysis, ensuring the right business decisions are made.
“I am delighted to announce the availability of GenRay EXPLORER™ in South and South East Asia. This ground-breaking tool allows customers seeking to tap into the fastest growing renewables markets in Asia to have reliable and comprehensive insights at their fingertips, empowering them to make informed decisions about the future of their business”, said Irfan Choudhry, CEO of Genesis Ray.
He further added, “We have already secured customers in Asia and Europe, who see the tangible benefits our aggregated, user-friendly digital platform offers. They have also indicated a keen interest in the suite of new wind and solar products we will be bringing to market in the near future.”
GenRay EXPLORER currently covers assets of 650GW+ generation capacity, 33,000+ wind turbines, 425,000+ kms of transmission lines, and 35,000 kms+ of natural gas pipelines. Data from hundreds of primary and secondary sources is aggregated and then cross-validated and weighted from multiple points, providing the most in-depth, up-to-date database available on the gas and power sector in South and South East Asia on a single platform.
GenRay EXPLORER is available under a Single/Multi-Year License that permits usage by multiple teams including planning, business development, strategy, finance, and operations. Under the license, users have real-time access to all the data points underlying the energy assets with numerous analytical capabilities to create actionable insights.
Genesis Ray has developed a unique analytical tool GenRay EXPLORER™ to screen, compare and evaluate power and gas assets in South and South East Asia. The tool has a dashboard that helps users draw intuitive insights from the data using interactive dynamic visualizations, including simple numeric metrics, tables, and charts.
For more information, visit: www.genesisray.com
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The company acquires a majority stake in the leading southern European app that offers access to the largest network of public charging points for electric vehicles
With this transaction, Wallbox takes another step towards consolidating its position as an intelligent energy management company and advances in the public charging segment
Electromaps will continue to develop and operate its platform under the same brand through the leadership of its founding partners Xavier Cañadell and Jordi Rodríguez
BARCELONA, Spain--(BUSINESS WIRE)--Wallbox, the leading energy management company that manufactures smart charging solutions for electric and plug-in hybrid vehicles, has today announced the acquisition of the majority of the share capital of Electromaps.
Electromaps is the leading digital platform for accessing free and paid-for electric charging points in southern Europe. The app provides its 100,000 users access and payment directly from their mobile phone, unifying the entire charging infrastructure and improving the electric vehicle driving experience.
Through this acquisition, Wallbox takes its first step in the public electric charging space and continues to advance its purpose of facilitating the adoption and use of electric cars today while creating more sustainable uses of energy in the future. In the UK market, the company would have more than 3,900 listed charging points and will increase its footprint following this acquisition. Wallbox already distributes chargers throughout the UK and Electromaps will complement the service offering in this market.
“This is a strategically significant transaction. By adding public charging access to our portfolio, we are making rapid progress towards creating a complete ecosystem for electric car charging in our current markets. Beyond having southern Europe’s leading platform in public charging, Electromaps and its team bring us years of expertise in this market segment. Their vision is fully aligned with Wallbox and our mission. Our goal is to continue investing in the technological development of the platform and take it to more markets, thus complementing our existing residential and semi-public charging solutions,” said Enric Asunción, CEO of Wallbox.
“Teaming up with Wallbox will allow us to maintain our leadership position in southern Europe and expand to more markets, benefiting both private users and recharging point operators. They will both have a more powerful and complete platform around the world,” said Xavier Cañadell, CEO and co-founder of Electromaps.
The electromobility sector has entered a phase of exponential growth and Electromaps will drive this growth by investing more in technological development to anticipate needs and deliver improvements for the benefit of users.
Founded in 2009, Electromaps has been a pioneer in this market segment. Its three partners, Xavier Cañadell, Jordi Rodríguez and Rafael de Mestre have combined their vision with valuable and constant user interaction on the platform. Today they have 120,000 recharging points and have passed the 100,000 registered users mark. In the past decade they have managed more than one million KwH in recharges.
“These figures show that we have become both an essential travel companion for EV users and an ally of charging point operators, as is the case of the FEDA, a government company that manages all the public charging points in Andorra through our platform,” said Jordi Rodríguez, CTO and co-founder of Electromaps.
At the beginning of this year, Wallbox completed the second tranche of its series A investment and secured €23 million to expand globally, specifically in China and America. Wallbox will also make strategic investments like Electromaps to expand its portfolio of services. Wallbox’s investors include Iberdrola, Seaya Ventures and Endeavor Catalyst, among others.
This new acquisition allows Wallbox to take a step forward in promoting and facilitating the use of electric or plug-in hybrid vehicles and opens the door for consumers to take an active role not only in recharging their vehicle, but also in managing energy. It also provides consumers the information they need to recharge with autonomy.
ABOUT WALLBOX: Wallbox is a leading energy management company that manufactures smart charging solutions for electric vehicles. Combining state-of-the-art technology with exceptional design, Wallbox creates a smart ecosystem that improves the way we manage, use and store energy. Created in 2015 and with its headquarters in Barcelona, Wallbox’ mission is to facilitate the adoption of electric vehicles today to make a more sustainable use of energy tomorrow. Envisioning a world free of fossil fuels, Wallbox™ technology enables people to create, use and share renewable energy in ways they never imagined. It currently sells to more than 40 countries and has 250 staff spread across offices in Europe, Asia, and America, as well as 2 factories of its own. Wallbox offers four types of chargers, including Quasar, the first bidirectional charger for home use with advanced two-way charging technology. It was recognized with the highest distinction by CES, the world's leading technology trade show for the industry. During the first half of 2020 Wallbox completed a Series A round of investment of 23 million euros.
ABOUT ELECTROMAPS: Electromaps, founded in 2009 by Jordi Rodríguez and Xavier Cañadell, began with the idea of creating an interactive map of the first charging points that were beginning to be installed in Spain. Eleven years later, Electromaps is the leading public charging platform in Iberia, having registered more than 5,100 charging locations and with information on more than 13,500 outlets for electric vehicles. Globally, it has information on more than 120,000 locations and 285,000 outlets in 120 countries. It has managed more than 100,000 recharges with a total of more than 1,200,000 kWh supplied. Electromaps has also developed its own multi-brand charging point management platform allowing any owner of charging points to control access to their infrastructure, monitor consumption, manage payments, etc. both in private points and in public points.
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LONDON--(BUSINESS WIRE)--#GlobalParaffinInhibitorsMarket--Technavio has been monitoring the paraffin inhibitors market and it is poised to grow by USD 89.64 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. AES Arabia Ltd., BASF SE, Croda International Plc, Ecolab Inc., Evonik Industries AG, General Electric Co., Halliburton Co., Refinery Specialties Inc., Schlumberger Ltd., and Zirax Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Sustainability of environmental and safety regulations has been instrumental in driving the growth of the market. However, volatility in oil and gas 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
Paraffin Inhibitors Market 2020-2024: Segmentation
Paraffin Inhibitors Market is segmented as below:
Paraffin Inhibitors 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 paraffin inhibitors market report covers the following areas:
This study identifies the growing complexity in offshore field operations as one of the prime reasons driving the Paraffin Inhibitors 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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Paraffin Inhibitors 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 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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IRVING, Texas--(BUSINESS WIRE)--ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 well which will add to the previously announced estimated recoverable resource of more than 8 billion oil-equivalent barrels on the Stabroek Block.
“Our Stabroek Block exploration program continues to identify high-quality reservoirs in close proximity to previous discoveries, establishing efficient opportunities for new projects in Guyana,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “Developing these projects remains an integral part of ExxonMobil and our co-venturers’ long-term growth plans and a source of significant value for Guyana.”
Redtail-1 encountered approximately 232 feet (70 meters) of high-quality oil bearing sandstone and was drilled in 6,164 feet (1,878 meters) of water. The well is located approximately 1.5 miles (2.5 kilometers) northwest of the Yellowtail discovery.
In addition to the Redtail-1 discovery, drilling at Yellowtail-2 encountered 69 feet (21 meters) of net pay in newly identified, high quality oil bearing reservoirs among the original Yellowtail-1 discovery intervals. This resource is currently being evaluated for development in conjunction with nearby discoveries.
Approximately 80 Guyanese employees, contractors and subcontractors took part in Redtail activities offshore, and more than 2,000 Guyanese and 600 local suppliers are supporting ExxonMobil’s activities in country. Guyanese staff have completed more than 350,000 hours of training in Guyana, Brazil, Canada, Singapore and the United States.
ExxonMobil made the first commercial discovery in Guyana in 2015 and started production in December 2019 from the Liza Destiny floating production and offloading vessel (FPSO), which can produce up to 120,000 barrels per day.
ExxonMobil continues to advance the Liza Phase 2 project, which is expected to startup in 2022 and produce up to 220,000 barrels per day. Construction activities are underway in Singapore on the Liza Unity FPSO. A third production vessel for the Payara development, with production capacity of 220,000 barrels a day, is on hold pending government approval.
The Stabroek Block is 6.6 million acres (26,800 square kilometers). ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited, a wholly-owned subsidiary of CNOOC Limited, holds 25 percent interest.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com and the Energy Factor.
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Cautionary Statement: Statements of future events or conditions in this release are forward-looking statements. Actual future results, including project plans, schedules, capacities, production rates, and resource recoveries could differ materially due to changes in market conditions affecting the oil and gas industry or long-term oil and gas price levels; political or regulatory developments including obtaining necessary regulatory permits; reservoir performance; the outcome of future exploration and development efforts; technical or operating factors; the outcome of commercial negotiations; unexpected technological breakthroughs or challenges; and other factors cited under the caption “Factors Affecting Future Results” on the Investors page of our website at exxonmobil.com and under Item 1A. Risk Factors in our annual report on Form 10-K and quarterly reports on Form 10-Q. References to “recoverable resource,” “oil-equivalent barrels,” and similar terms in this release include quantities that are not yet classified as proved reserves under SEC rules but that are expected to be ultimately recoverable.
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DUBLIN--(BUSINESS WIRE)--The "Gas Insulated Substation Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The gas-insulated substation market is expected to grow at a CAGR of more than 3% over the period of 2020-2025.
Gas-insulated substations are more reliable, environment-friendly, and more flexible when compared to air-insulated substations (AIS). Fostered by the better space optimization, low maintenance cost, and enhanced protection against external elements, the demand for gas insulated switchgear is likely to increase during the forecast period. The high cost of gas insulated substations is likely to restrain the growth of the gas-insulated substation market in the coming years.
Companies Mentioned
Key Market Trends
Power Utilities Sector to Dominate the Market
Asia-Pacific to Dominate the Market Growth
Key Topics Covered:
1 INTRODUCTION
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Voltage
5.1.1 Medium Voltage
5.1.2 High Voltage
5.1.3 Extra High Voltage
5.2 End-User
5.2.1 Power Utilities
5.2.2 Industrial Sector
5.2.3 Commercial and Residential Sector
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 South America
5.3.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/8h7f1m
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NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) today announced another oil discovery offshore Guyana at the Redtail-1 well, the 18th discovery on the Stabroek Block, which will add to the previously announced gross discovered recoverable resource estimate for the block of more than 8 billion barrels of oil equivalent.
Redtail-1 encountered approximately 232 feet (70 meters) of high quality oil bearing sandstone and was drilled in 6,164 feet (1,878 meters) of water. The well is located approximately 1.5 miles (2.5 kilometers) northwest of the Yellowtail discovery and is the ninth discovery in the southeast area of the block.
In addition to the Redtail-1 discovery, drilling at Yellowtail-2 resulted in the discovery of additional reservoir intervals adjacent to and below the Yellowtail-1 discovery. Yellowtail-2 encountered 69 feet (21 meters) of high quality oil bearing reservoirs, which comprise the 17th discovery on the Stabroek Block. This resource is currently being evaluated for development in conjunction with other nearby discoveries.
“The Redtail-1 and Yellowtail-2 discoveries further demonstrate the significant exploration potential of the Stabroek Block and will add to the recoverable resource estimate of more than 8 billion barrels of oil equivalent,” CEO John Hess said. “Redtail is the ninth discovery in the southeast area of the block which we expect will underpin future development.”
The Stabroek Block is 6.6 million acres. ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited, a wholly-owned subsidiary of CNOOC Limited, holds 25 percent interest.
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 http://www.hess.com.
Cautionary Statements
This news release contains 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.
We use certain terms in this release relating to resources other than proved reserves, such as unproved reserves or resources. Investors are urged to consider closely the oil and gas disclosures in Hess Corporation’s Form 10-K, File No. 1-1204, available from Hess Corporation, 1185 Avenue of the Americas, New York, New York 10036 c/o Corporate Secretary and on our website at www.hess.com. You can also obtain this form from the SEC on the EDGAR system.
Investor Contact:
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(212) 536-8940
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LONDON--(BUSINESS WIRE)--#GlobalLightandHeavydutyNaturalGasVehicleMarket--Technavio has been monitoring the light and heavy duty natural gas vehicle market and it is poised to grow by 251.43 K units during 2020-2024, progressing at a CAGR of over 2% 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. AB Volvo, CNH Industrial NV, Cummins Inc., Daimler AG, General Motors Co., MAN SE, Navistar International Corp., PACCAR Inc., Renault SA, and Volkswagen AG 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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Increasing focus on emission reduction has been instrumental in driving the growth of the market. However, the high cost of heavy-duty NGVs 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
Light and Heavy duty Natural Gas Vehicle Market 2020-2024: Segmentation
Light and Heavy duty Natural Gas Vehicle Market is segmented as below:
Light and Heavy duty Natural Gas Vehicle 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 light and heavy duty natural gas vehicle market report cover the following areas:
This study identifies rapid growth in the development of near-zero emission NGV as one of the prime reasons driving the Light and Heavy duty Natural Gas Vehicle 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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Light and Heavy duty Natural Gas Vehicle 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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Free, Virtual Event to Examine the Latest Trends, Regulatory Changes Impacting the Dangerous Goods Supply Chain
CHICAGO--(BUSINESS WIRE)--#Conference--Labelmaster, the leading provider of products, services and technology for the safe and compliant transport of dangerous goods (DG) and hazardous materials (hazmat), today announced the key session topics for its virtual 2020 Dangerous Goods Symposium. This annual event gives supply chain and business professionals the opportunity to hear from the world’s leading trainers, shippers and regulators about the latest trends, updates and best practices impacting the DG industry.
This new virtual DG Symposium is now part of the DG Exchange—the dangerous goods industry’s first digital community, which brings together supply chain and business professionals to share ideas, learn and collaborate in order to navigate dangerous goods issues, challenges and trends—empowering them to positively impact their businesses.
This year’s event will feature speakers from the United States Postal Inspection Services (USPIS), Federal Aviation Administration (FAA), International Air Transport Association (IATA), Emirates SkyCargo, Pipeline and Hazardous Materials Safety Administration (PHMSA), CHEMTREC and more, discussing lithium battery shipping, transport regulations, hazmat training and supply chain safety.
Key Session Topics:
“Shipping dangerous goods continues to become increasingly challenging and high risk as supply chains become more complex and regulations expand,” said Robert Finn, vice president, Labelmaster. “The DG Symposium provides an educational forum for individuals within the DG industry to hear about the latest industry issues and changes, and learn steps they can take within their own organizations to improve regulatory compliance, operational efficiency and supply chain performance. By making the event part of the DG Exchange community, supply chain and business professionals can now virtually attend every session and then continue the learning and collaboration by accessing and sharing insightful content, attending events year-round and networking with peers from around the world.”
Click here to register for the DG Exchange and to gain access to all DG Symposium sessions along with everything else the community has to offer. All sessions will be recorded and available afterwards for on-demand viewing.
About Labelmaster
For more than five decades, Labelmaster has been the go-to source for companies – big and small – to navigate and comply with the complex, ever-changing regulations that govern the transport of dangerous goods and hazardous materials. From hazmat labels and UN-certified packaging, hazmat placards and regulatory publications, to advanced technology and regulatory training, Labelmaster’s comprehensive offering of industry-leading software, products, and services helps customers remain compliant with all dangerous goods regulations, mitigate risk and maintain smooth, safe operations. Labelmaster's dedication to supporting its customers' operational and compliance needs is enhanced through its unmatched industry expertise and consulting services, which serve as a valuable resource for customers to answer difficult and commonplace regulatory questions. Whether you're shipping hazardous materials by land, air, or sea, Labelmaster is your partner in keeping your business ahead of regulations and compliant every step of the way. To learn more, visit www.labelmaster.com.
Stephen Dye
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New open-array marine radars offer 250W of pulse compression power
OLATHE, Kan.--(BUSINESS WIRE)--Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the world’s leading marine electronics manufacturer1, today announced the GMR Fantom™ 254/256 open-array radars delivering 250W of pulse compression power, its highest-powered solid-state marine radar on the market. The new Fantom 254/256 series uses Garmin’s signature MotionScope™ technology to detect and highlight moving targets in different colors, helping users avoid potential collisions, find flocks of birds and track weather.
Now with more than double the power of the existing Fantom 124/126, the new Fantom 254/256 solid-state radars yield the best combined short- and long-range target detection performance for serious boaters and anglers. New features, including scan-to-scan averaging and improved MARPA with Automatic Acquisition, provide improved target precision and more visibility of what lies ahead to further a user’s situational awareness on the water.
“We know that the demands of offshore navigation require the most reliable and feature-rich marine radars, which is why we are excited to offer customers our highest-powered solid-state radar series on the market,” said Dan Bartel, vice president of global consumer sales. “The increased power and pulse compression technology of the new Fantom 254/256 radars gives best-in-class target detection range and image resolution, making them the ideal radar solution for anyone desiring to equip their vessel with the highest end marine tech. New features, like scan-to-scan averaging and MARPA Automatic Acquisition, optimize ease-of-use to better explore everything from shorelines to open ocean.”
High-powered Target Detection
At 250W of solid-state power and a target range of 20’ to 96 nautical miles, the Fantom 254/256 outperforms even 25kW magnetron radars by maximizing energy and range resolution using pulse compression technology. Narrow horizonal beam width also assists in creating a high-resolution image and high-sensitivity target detection capabilities. Equipped with MotionScope technology and adjustable speed threshold, this series instantly detects moving targets in real-time—such as other boats, flocks of birds or the weather ahead—with easy-to-see, colored highlights as targets approach or retreat from the vessel. True echo trails take boat speed into account to help captains quickly identify potential collision threats, or even lead anglers toward flocks of birds as they search for hot fishing points using the Fantom’s Auto Bird Gain feature.
Increased Awareness
The new Fantom 254/256 is the first from Garmin to include scan-to-scan averaging, a feature which reduces the sea clutter and interferences in the display view for a clear, visual scope of water ahead. Together with Dynamic Auto Gain, Multi-level target size, and Dynamic Sea Filter features, scan-to-scan averaging will strengthen long-range performance and stationary target detection by eliminating the clutter that might interfere with positioning and target detection consistency.
Also new to Fantom 254/256, mini-automatic radar plotting aid (MARPA) Automatic Acquisition lets users simultaneously trigger and track up to 30 targets with no user prompting on all returns, boundary zones, guard zones, or MotionScope.
The 4-foot Fantom 254 or 6-foot Fantom 256 open-array are available now with suggested retail prices of $9,999 and $10,499, respectively. They are compatible with GPSMAP® 8400/8600, 8000/8200 and 7400/7600 series multifunction displays, and the GPSMAP 10x2/12x2 and GPSMAP 7x2/9x2 series chartplotters. For more information, visit garmin.com.
Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most sophisticated marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For the fifth consecutive year, Garmin was recently named the Manufacturer of the Year by the National Marine Electronics Association (NMEA). Other Garmin marine brands include Fusion® and Navionics®. For more information, visit Garmin's virtual pressroom at garmin.com/newsroom, contact the Media Relations department at 913-397-8200, or follow us at facebook.com/garmin, twitter.com/garminnews, instagram.com/garmin or youtube.com/garmin.
1 Based on 2019 reported sales.
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin and GPSMAP are registered trademarks and MotionScope and Fantom are trademarks of Garmin Ltd. or its subsidiaries.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 28, 2019, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available at http://www.garmin.com/aboutGarmin/invRelations/finReports.html. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Category: Marine
Riley Swickard
913-397-8200
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SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) announced that Jon Huntsman Jr. has been re-elected to Chevron’s board of directors, effective on September 15, 2020. He will serve on the Management Compensation Committee and the Public Policy Committee.
Huntsman, 60, was a member of Chevron’s board from 2014 to 2017, serving on the Audit Committee, the Board Nominating and Governance Committee, and the Public Policy Committee during his tenure. He resigned to serve as the U.S. Ambassador to Russia.
“I’m very pleased to welcome Jon back to Chevron’s board,” said Chevron Chairman and CEO Michael Wirth. “Jon’s international experience, knowledge of our business, and leadership strengthens the company and benefits our shareholders.”
Huntsman’s career has spanned business, politics, and diplomacy. He served as the U.S. Ambassador to Russia from 2017 through 2019. He served as Chairman of the Atlantic Council, a nonprofit that promotes leadership and engagement in international affairs, from 2014 until 2017. He was Chairman of the Huntsman Cancer Foundation, a nonprofit organization that financially supports research, education and patient care initiatives at Huntsman Cancer Institute at the University of Utah from 2012 until 2017. Huntsman served in the administrations of five Presidents and was a candidate for the Republican nomination for President of the United States in 2011. He served as U.S. Ambassador to China from 2009 until 2011 and two consecutive terms as Governor of Utah from 2005 until 2009. Prior to his service as Governor, he served as U.S. Ambassador to Singapore, Deputy U.S. Trade Representative, and Deputy Assistant Secretary of Commerce for Asia. He holds a bachelor’s degree in international politics from the University of Pennsylvania.
Chevron Corporation is one of the world’s leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company’s operations. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.
Braden Reddall -- +1 925 842 2209
HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) today issued a statement updating the impact of Hurricane Laura, which made landfall near plants in the Lake Charles, Louisiana area owned by Westlake Chemical OpCo LP (“OpCo”), in which the Partnership owns a 22.8% interest.
In the aftermath of Hurricane Laura, the Partnership’s primary concern is for the safety of OpCo’s employees and the integrity of its operations in the greater Lake Charles area. We are working to assist OpCo’s employees and their families, many of whom have suffered damage to their homes and are without power.
Recovery efforts at OpCo’s plants in the Lake Charles area are underway for the safe and reliable return to operations. Restoration of electricity and other utilities remain critical to these efforts. The local utility, Entergy Louisiana, has reported extensive damage to the electricity transmission system in the Lake Charles area and that restoration of service will take a number of weeks. Given Entergy’s latest guidance on the restoration of power to the Lake Charles area, barring other unforeseen circumstances, we currently expect production at some of OpCo’s units to restart by the end of September and full production to resume in early October.
The statements in this release relating to matters that are not historical facts, such as the timing of the restoration of electricity by Entergy Louisiana and the timing of the restart of production and full production of OpCo’s facilities, are forward-looking statements. These forward-looking statements could be adversely affected by a variety of known and unknown risks, uncertainties and other factors that are difficult to predict and many of which are beyond management’s control. The Partnership’s expectations may or may not be realized or may be based upon assumptions or judgments that prove to be incorrect. For more detailed information about the factors that could cause actual results to differ materially from the forward-looking statements contained herein, please refer to the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2019, which was filed with the SEC in February 2020 and Form 10-Q for the quarter ended March 31, 2020, which was filed with the SEC in May 2020.
About Westlake Chemical Partners LP
Westlake Chemical Partners is a limited partnership formed by Westlake Chemical Corporation to operate, acquire and develop ethylene production facilities and other qualified assets. Headquartered in Houston, the Partnership owns a 22.8% interest in Westlake Chemical OpCo LP. Westlake Chemical OpCo LP’s assets include three facilities in Calvert City, Kentucky, and Lake Charles, Louisiana which process ethane and propane into ethylene, and an ethylene pipeline. For more information about Westlake Chemical Partners LP, please visit http://www.wlkpartners.com.
Media Inquiries:
Westlake Chemical Partners LP
Ben Ederington, 1-713-960-9111
or
Investor Inquiries:
Westlake Chemical Partners LP
Steve Bender, 1-713-960-9111
DUBLIN--(BUSINESS WIRE)--The "Oil and Gas Corrosion Protection Market, Size, Share, Outlook and COVID-19 Strategies, Global Forecasts from 2019 to 2026" report has been added to ResearchAndMarkets.com's offering.
This report presents the emerging market trends, factors driving the Oil and Gas Corrosion Protection market growth, and potential opportunities over the forecast period. The trends underpinning the profitability of Oil and Gas Corrosion Protection companies are shifting rapidly, forcing companies to carefully align their strengths in synchronization with Oil and Gas Corrosion Protection industry trends.
To avoid getting left behind in an intensive competitive Oil and Gas Corrosion Protection market, global companies need a new approach to ensure they create value in this environment. Amid increasing activities of M&A and growing activist-investor activity, Oil and Gas Corrosion Protection companies must strengthen their capabilities to maintain their market shares in the Oil and Gas Corrosion Protection industry.
To assist Oil and Gas Corrosion Protection manufacturers and vendors to formulate their strategies and analyze their business in the global front, the publisher has published its 2020 series of Oil and Gas Corrosion Protection market size, share, opportunities, and outlook to 2026. The report explores changing Oil and Gas Corrosion Protection market landscape, capital markets, strategies, mergers & acquisitions in the global and country-level markets.
The report presents an introduction to the Oil and Gas Corrosion Protection market in 2020, analyzing the COVID-19 impact both quantitatively and qualitatively. It presents the strategies being adopted by leading Oil and Gas Corrosion Protection companies, emerging market trends, Oil and Gas Corrosion Protection market drivers, challenges, and potential opportunities to 2026. The market attractiveness index is also included to assess the impact of suppliers, buyers, competitive landscape, new entrants, and substitutes on the Oil and Gas Corrosion Protection market.
The global Oil and Gas Corrosion Protection market size is forecast across different scenarios including the actual forecasts and COVID-19 affected forecasts from 2019 to 2026. Further, Oil and Gas Corrosion Protection market revenue and market shares in global industry are forecast across different types of Oil and Gas Corrosion Protection, applications, and end-user segments of Oil and Gas Corrosion Protection and across 18 countries.
Companies Mentioned
Report Guide
General Scope
Key Topics Covered:
1 Table of Contents
2 Executive Summary
2.1 Market Panorama, 2020
2.2 Oil and Gas Corrosion Protection Outlook to 2026 - Original Forecasts
2.3 Oil and Gas Corrosion Protection Outlook to 2026 - COVID-19 Affected Forecasts
3 Strategic Analytics to Boost Productivity and Profitability
3.1 Potential Market Drivers and Opportunities
3.2 New Challenges and Strategies being adopted by Companies
3.3 Short Term and Long Term Oil and Gas Corrosion Protection market trends
3.4 Impact of New Entrants, Competitive Landscape, Substitutes, Buyer and Supplier Powers
4 Global Oil and Gas Corrosion Protection Market Outlook across Types to 2026
4.1 Asia Pacific Oil and Gas Corrosion Protection Market Outlook across Types, 2019 - 2026
4.2 Europe Oil and Gas Corrosion Protection Market Outlook across Types, 2019 - 2026
4.3 North America Oil and Gas Corrosion Protection Market Outlook across Types, 2019 - 2026
4.4 South and Central America Oil and Gas Corrosion Protection Market Outlook across Types, 2019 - 2026
4.5 Middle East Africa Oil and Gas Corrosion Protection Market Outlook across Types, 2019 - 2026
5 Global Oil and Gas Corrosion Protection Market Outlook across Applications to 2026
5.1 Asia Pacific Oil and Gas Corrosion Protection Market Outlook across Applications, 2019 - 2026
5.2 Europe Oil and Gas Corrosion Protection Market Outlook across Applications, 2019 - 2026
5.3 North America Oil and Gas Corrosion Protection Market Outlook across Applications, 2019 - 2026
5.4 South and Central America Oil and Gas Corrosion Protection Market Outlook across Applications, 2019 - 2026
5.5 Middle East Africa Oil and Gas Corrosion Protection Market Outlook across Applications, 2019 - 2026
6 Country - wise Oil and Gas Corrosion Protection Market Analysis and Outlook to 2026
7 Global Oil and Gas Corrosion Protection Market Competitive Analysis
7.1 Top 10 Leading Companies in the global Oil and Gas Corrosion Protection industry
7.1.1 Business Overview
7.1.2 Oil and Gas Corrosion Protection Products and Services
7.1.3 SWOT Analysis
7.1.4 Financial Profile
8 Global Oil and Gas Corrosion Protection Market - Recent Developments
8.1 Oil and Gas Corrosion Protection Market News and Developments
8.2 Oil and Gas Corrosion Protection Market Deals Landscape
9 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/6evhu6
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SAN ANTONIO--(BUSINESS WIRE)--NuStar Logistics, L.P., a wholly owned operating subsidiary of NuStar Energy L.P. (NYSE: NS) (“NuStar Energy”), announced today that it plans to conduct an offering of senior notes pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (“SEC”). The notes will be fully and unconditionally guaranteed by NuStar Energy, as parent guarantor, and NuStar Pipeline Operating Partnership L.P., a wholly owned operating subsidiary of NuStar Energy, as affiliate guarantor. The net proceeds from the offering are expected to be used for the repayment of indebtedness, including (1) all amounts outstanding under NuStar Logistics, L.P.’s term loan agreement and the related repayment premium and (2) a portion of borrowings outstanding under NuStar Logistics, L.P.’s revolving credit agreement. Amounts repaid under NuStar Logistics, L.P.’s revolving credit agreement may be reborrowed and used for the payment of $300 million aggregate principal amount of NuStar Logistics, L.P.’s 6.75% senior notes due 2021 at their maturity and for general partnership purposes.
Citigroup Global Markets Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Barclays Capital Inc., BBVA Securities Inc., BMO Capital Markets Corp., Mizuho Securities USA LLC, MUFG Securities Americas Inc., PNC Capital Markets LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., TD Securities (USA) LLC, Truist Securities, Inc. and U.S. Bancorp Investments, Inc. are acting as book-running managers for the offering. Comerica Securities, Inc. is acting as co-manager for the offering. A copy of the prospectus supplement and accompanying base prospectus relating to this offering may be obtained from Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (800) 831-9146. You may also obtain these documents for free when they are available by visiting the SEC’s website at www.sec.gov.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
NuStar Energy, a publicly traded master limited partnership based in San Antonio, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar Energy currently has approximately 10,000 miles of pipeline and 75 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. NuStar Energy’s combined system has approximately 75 million barrels of storage capacity, and NuStar Energy has operations in the United States, Canada and Mexico.
Cautionary Statement Regarding Forward-Looking Statements
This press release includes forward-looking statements regarding future events, including the timing, and expected use of proceeds from the offering. All forward-looking statements are based on NuStar Energy’s beliefs as well as assumptions made by and information currently available to NuStar Energy. These statements reflect NuStar Energy’s current views with respect to future events and are subject to various risks, uncertainties and assumptions. These risks, uncertainties and assumptions are discussed in NuStar Energy’s 2019 annual report on Form 10-K and subsequent filings with the SEC. NuStar Energy undertakes no obligation to update or revise any forward-looking statement except as may be required by applicable law.
NuStar Energy L.P., San Antonio
Investors, Pam Schmidt, Vice President, Investor Relations
Investor Relations: 210-918-INVR (4687)
or
Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer,
Corporate Communications: 210-918-2314
KENNESAW, Ga.--(BUSINESS WIRE)--The Potomac Riverkeeper Network has a new 4.2-liter, 225-horsepower outboard for its Parker patrol boat thanks to support from Yamaha Rightwaters™. The organization will use the boat for pollution surveillance and to take water samples of the Potomac River, which provides drinking water for approximately seven million people.
“The greatest legacy we can leave for our children is access to clean water. Safe-guarding the Nation’s River from pollution is a responsibility we take seriously – it is the lifeblood of our region and our patrol boat is the workhorse of our program,” said Dean Naujoks, Potomac Riverkeeper. “Yamaha Rightwaters stepped in with Marine Evolutions at exactly the right time to make sure we were on the water to carry out our mission as soon as possible. We are incredibly grateful for their support.”
The Yamaha outboard that now powers the Potomac Riverkeeper patrol boat gives Naujoks and his team a boost in horsepower, allowing them to carry more equipment and more people. The Potomac River, like many bodies of water across the country, has seen a spike in recreational activity in recent months, and patrolling to ensure the water is safe for swimming and boating is now more critical than ever before.
“More people are looking to the river as a safe way to recreate and stay socially distant,” said Naujoks. “The increased interest makes patrolling and sampling the river this summer even more important. As part of our Water Quality Monitoring Program, we now issue a weekly SwimGuide that keeps citizens informed about safe areas for swimming. This report could not happen without the sampling we do in the patrol boat.”
"I grew up in northern Virginia and can't remember a time when swimming in the Potomac around Washington D.C. was safe. However, through the efforts of the Potomac Riverkeepers, that’s no longer the case. The weekly 'SwimGuide' they publish helps residents of the D.C. area identify safe areas for swimming and serves as proof of the good work they do to rid the river of pollution," said John O'Keefe, Senior Specialist, Government Relations, Yamaha Marine U.S. Business Unit. “Thanks in large part to the Potomac Riverkeepers and other like-minded organizations, the River is making a comeback. Yamaha Rightwaters is proud to partner with the Potomac Riverkeeper and Potomac Riverkeeper Network in support of their ongoing efforts to restore and preserve the beautiful Potomac. I believe it’s not far-fetched to think someday soon the ‘nation’s river’ might earn the distinction of a 'national treasure.'”
The Potomac Riverkeeper Network is a registered 501(c)3 non-profit organization with three regional Waterkeeper branches: Potomac Riverkeeper, Upper Potomac Riverkeeper, and Shenandoah Riverkeeper. Its mission is to protect the public’s right to clean water in rivers and streams. The organization works to stop pollution and promote safe drinking water, protect healthy habitats, and enhance public use and enjoyment.
Yamaha Rightwaters™ is a national sustainability program that encompasses all of Yamaha Marine’s conservation and water quality efforts. Program initiatives include habitat restoration, support for scientific research, mitigation of invasive species, the reduction of marine debris and environmental stewardship education. Yamaha Rightwaters reinforces Yamaha’s long-standing history of natural resource conservation, support of sustainable recreational fishing and water resources and Angler Code of Ethics, which requires pro anglers to adhere to principles of stewardship for all marine resources.
Yamaha Marine products are marketed throughout the United States and around the world. Yamaha Marine U.S. Business Unit, based in Kennesaw, Ga., supports its 2,400 U.S. dealers and boat builders with marketing, training and parts for Yamaha’s full line of products and strives to be the industry leader in reliability, technology and customer service. Yamaha Marine is the only outboard brand to have earned NMMA®’s C.S.I. Customer Satisfaction Index award every year since its inception.
REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.
© 2020 Yamaha Motor Corporation, U.S.A. All rights reserved.
This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only, and are not intended to be an endorsement.
Melissa Boudoux
Communications Manager
Yamaha Marine Engine Systems
Office: (770) 701-3269
Mobile: (404) 381-7593
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Neal Wheaton
Wilder+Wheaton for
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ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--The Zayed Sustainability Prize, the UAE's pioneering global award in sustainability, has announced the postponement of the 2021 Awards Ceremony, which was scheduled to take place in January, as part of the annual Abu Dhabi Sustainability Week (ADSW). Entities that have submitted their applications this year will be automatically moved to the 2022 cycle.
The decision was made due to travel restrictions for different countries and to ensure international participants’ safety and well-being in light of the unprecedented global challenges caused by the coronavirus pandemic.
H.E Dr. Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Director General of the Zayed Sustainability Prize stated: “After careful consideration, we took the prudent decision to postpone the 2021 Zayed Sustainability Prize event, while ensuring that all those who submitted for the Prize will be considered in the 2022 cycle.”
H.E Al Jaber added, “The Prize, inspired by the UAE’s founding father, the late Sheikh Zayed bin Sultan Al Nahyan, and driven by the country’s leadership, reiterates its unwavering commitment to humanitarianism and sustainable development goals, as it has impacted more than 335 million people, to date. We are also continuing to focus on accelerating the UAE-driven 20by20 initiative which is pioneered by the Prize in partnership with several entities by donating past finalists’ and winners’ solutions to vulnerable communities around the world to improve their quality of life.”
More details will be announced in upcoming months.
About Zayed Sustainability Prize
Established by the UAE leadership, in 2008, to honour the legacy of the founding father, the late Sheikh Zayed bin Sultan Al Nahyan, the Zayed Sustainability Prize is the UAE’s pioneering global award for recognising sustainability and humanitarian solutions around the world.
The Zayed Sustainability Prize acknowledges and rewards global pioneers and innovators who are committed to accelerating impactful sustainable solutions.
Over the past 12 years, the Prize has awarded 86 winners. Collectively, they have directly and indirectly, positively impacted the lives of over 335 million people around the world. The Zayed Sustainability Prize categories are: Health, Food, Energy, Water and Global High Schools.
For more information, please visit www.ZayedSustainabilityPrize.com or go to our social media platforms on, Twitter, Facebook, Instagram, YouTube.
*Source: AETOSWire
Hill+Knowlton
Medhat Juma
Senior Consultant, +971523596128
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Ross Macdonald
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VALLEY FORGE, Pa.--(BUSINESS WIRE)--UGI Corporation (NYSE: UGI) announced today that Judy Zagorski has been appointed Chief Human Resources Officer (“CHRO”). In Judy’s most recent role, she served as Executive Vice President, Global Human Resources & CHRO at Church & Dwight, a major manufacturer of household products headquartered in Ewing, New Jersey. Prior to joining Church & Dwight, Judy held the positions of Senior Vice President – Human Resources and Vice President – Human Resources, Development and Strategy at BASF.
"We are excited to welcome Judy to the UGI family. She brings more than 25 years of experience in Human Resources with companies having global operations across several industries complementary to UGI’s diversified operations,” said John Walsh, UGI’s President and Chief Executive Officer. “Judy has a wealth of expertise in critical areas such as HR transformation, change management, talent management, communications, and achievement in diversity and inclusion initiatives. Her skillset aligns very well with key initiatives at our business and we look forward to her contributions.”
About UGI Corporation
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing in twelve states, the District of Columbia and internationally in France, Belgium, the Netherlands and the UK.
Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.
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Key milestone achieved by Furetank, Eagle LNG and GAC during the refuelling of FURE VEN at Jacksonville Port Authority (JAXPORT)
JACKSONVILLE, Fla.--(BUSINESS WIRE)--FURE VEN, a dual-fuelled vessel owned and operated by Furetank of Donsö, Sweden, a global leader in the development of efficient and environmentally friendly product & chemical tankers, has become the first non-U.S. flagged vessel to bunker LNG in the United States with LNG sourced by Eagle LNG. Eagle LNG Partners, a pioneer in small-scale LNG and an LNG bunker supplier, is the first company to deliver LNG bunker fuel to a foreign flagged vessel. This milestone paves the way for more internationally trading vessels to bunker at Jacksonville Port Authority (JAXPORT), marking the latest tangible demonstration of LNG as a safe and reliable fuel solution. It also builds confidence in the case for LNG to help the shipping industry meet increasingly stringent environmental regulations, while still generating substantial cost savings.
On Tuesday, 1 September 2020, the 18,000 DWT vessel transited the St. Johns River, calling at JAXPORT’s Talleyrand Marine Terminal, which serves Crowley Maritime Corporation. Eagle LNG Partners safely transferred 225 metric tonnes of LNG to the vessel from their on-site storage facility, with the bunkering evolution taking less than seven hours to complete. The tanker was laden with renewable diesel cargo for Preem, the largest petroleum and biofuels company headquartered in Sweden.
GAC Group, a global provider of integrated shipping, logistics and marine services with Swedish heritage, assisted all parties by broking the LNG fuel and providing ship agency services to the vessel during her voyage across the Atlantic Ocean. This is the first time in its history that GAC’s Bunker Fuels division has secured a deal to supply LNG as a marine fuel.
FURE VEN is one of Furetank’s V-Series, a new generation of product & chemical tankers introduced in 2018, which leverage innovative design features and LNG to deliver a fuel reduction of approximately 40%. These climate smart vessels have also achieved substantial reductions in emissions - 55% less CO2, 86% less NOx, 99% less SOx and 99% less particulate matter (PM) - compared to vessels of the same size, of earlier designs. According to a study from the Swedish Environmental Research Institute in 2017, these reductions achieved by FURE VEN during this voyage alone have been calculated as an economic savings for the global community of over $200,000, thanks to a reduction in the negative impacts of climate change and air pollution on human health and agriculture. If liquefied biogas was bunkered, then CO2 emissions would be eliminated completely.
Lars Höglund, CEO of Furetank, said: “As early as 2014, Furetank decided to convert one of our vessels to LNG propulsion. Backed by the encouraging effects thereof, we developed the V-series, a vessel design with drastically lowered emissions and fuel consumption. These vessels have already reduced CO2 emissions beyond the IMO target of a 50% reduction by 2050.
“We note with pleasure that LNG bunkering is becoming available in more and more places, not least the U.S., and we are confident that investing in the V-series particularly contributes to a cleaner environment worldwide.”
Sean Lalani, President of Eagle LNG, said: “As a pioneer in LNG bunkering and a global leader in small-scale LNG, the team at Eagle LNG is proud to have partnered with the trailblazers at Furetank and GAC, along with numerous crucial stakeholders including JAXPORT, Crowley Maritime and the U.S. Coast Guard, to safely accomplish this first-ever LNG bunkering of a foreign flagged tanker in the United States. It is only fitting that this first bunkering in the United States happen in Jacksonville where JAXPORT, local officials and the community have embraced the shipping industry’s transition to the more sustainable, affordable LNG.
“Were it not for the pioneering spirit of our partners at Crowley Maritime, with whom we have already safely completed over 100 bunkering events, and the vision of Chairman and CEO Tom Crowley, this historic milestone for LNG bunkering globally and for North Florida would not have been possible,” continued Lalani. “We look forward to utilizing our experience and assets to bunker more international vessels from this facility and our future operations in the Caribbean Basin in the coming months and years. Thank you to the innovators at Furetank and GAC for entrusting us with executing this monumental milestone.”
Nicholas Browne, GAC Bunker Fuels’ Global Director, said: “We are proud to have worked alongside Furetank and Eagle LNG to deliver the safe and successful refuelling of FURE VEN in Jacksonville. Like Furetank and Eagle LNG, GAC wants to do more than simply follow the development of environmentally friendly shipping – we want to play an active role in creating and facilitating the transition.
“As an integrated service provider for all types of vessels, including LNG carriers, GAC is uniquely positioned to deliver its first LNG bunker supply to the FURE VEN, and we are actively being engaged by many of our shipping principals to support their adoption of LNG as a marine fuel.”
Editor’s Notes
About Furetank
Headquartered in Donsö, Furetank Rederi AB is an integrated ship owning company focused on the North European petroleum products trade since the early 1950’s. Owned by the Höglund family, with historical roots in shipping since the 17th century, Furetank has invested in five highly specialized 18,000dwt dual-fuel product & chemical tankers, built at Avic Dingheng Shipyard in China. Together with their partners Älvtank and Thun Tankers, the series will ultimately comprise eight sister vessels operating in the Gothia Tanker Alliance. For more information, please visit www.furetank.se.
About Eagle LNG
Eagle LNG is a privately held and operated portfolio company of The Energy & Minerals Group. Eagle LNG provides affordable, efficient and clean-burning energy. It develops small-scale LNG solutions and turn-key project development providing fuel for marine industries as well as full-suite power generation solutions in the Caribbean and Central America. Eagle LNG is based in Houston, Texas. For additional information, please visit www.eaglelng.com.
About GAC Group
GAC is a global provider of integrated shipping, logistics and marine services. Emphasising world-class performance, a long-term approach, innovation, ethics and a strong human touch, GAC delivers a flexible and value-adding portfolio to help customers achieve their strategic goals. Established since 1956, the privately-owned group employs over 9,000 people in more than 300 offices worldwide.
Sign up for GAC’s free HOT PORT NEWS email for daily updates from ports around the world at www.gac.com/hpn.
Follow GAC Group on Facebook at www.facebook.com/GACGroup, LinkedIn at www.linkedin.com/company/gac-group and Instagram at www.instagram.com/groupgac.
Media
GAC Bunker Fuels
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Lars Höglund
CEO
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HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that its board of directors has elected Mr. Eric Mullins to serve as a board member.
Mr. Mullins has spent his career in finance, most recently founding Lime Rock Resources in 2005, a private equity fund focused on acquiring and developing low-risk oil and gas properties, where he currently serves as co-chief executive officer. Prior to starting Lime Rock Resources, Mr. Mullins served as managing director at Goldman Sachs from 1999 to 2004, vice president from 1994 to 1999 and associate from 1990 to 1994.
“We are very pleased Mr. Mullins will be joining the board of ConocoPhillips,” said Ryan Lance, chairman and chief executive officer. “His perspective and expertise in finance and energy markets will align strongly with our company’s value proposition and our commitments to shareholders.”
Mr. Mullins currently serves on the board of Valero Energy Company. He is also on the board of trustees of the Baylor College of Medicine.
Mr. Mullins will serve on the Public Policy Committee of the ConocoPhillips board.
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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.
Media Relations
John Roper
281-293-1451
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Investor Relations
281-293-5000
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NEW ORLEANS--(BUSINESS WIRE)--With U.S. labs taking days and weeks to deliver COVID-19 test results to health agencies, clinicians, and patients, government authorities in hard-hit states like Florida and Louisiana have said enough, canceling contracts with major reference labs.
According to Florida’s Department of Health (DOH), Florida Governor Ron DeSantis on Tuesday ordered state health agencies to cut their ties with Quest Diagnostics, one of the country’s largest test labs, after the company failed to report nearly 75,000 coronavirus tests in a timely manner. Most of the unreported tests, the DOH said, are two-weeks old and some date back as many as five months. Similar backlogs with other labs are occurring in states throughout the U.S.
Yet in the wake of the glut, one regional lab, Sensiva Health, LLC continues same-day delivery from a pandemic epicenter – New Orleans – while serving large essential employers in petroleum, offshore drilling operations, healthcare, and other industries such as movie and commercial production sets.
“Major labs are promising states like Florida and Louisiana and agencies in other states results in a couple of days, but have far exceeded any reasonable throughput. Consequently it’s taking days, even weeks, to deliver results and at which point those results are no longer clinically relevant,” said Dave Vigerust, MS, Ph.D., and Sensiva’s Chief Scientific & Compliance Officer. “We’re testing for several offshore oil producers now to keep the rigs open. A single oil rig worker missing work can cost a company up to $20,000 per day; not to mention the cost of a closed rig due to a coronavirus shutdown, which could easily exceed millions of dollars per day. That’s why they’ve come to us. We are fast, reliable, and accurate.”
Sensiva was formed early in the pandemic by a team of infectious disease doctors and scientists to attack COVID-19 and help return the world to a healthy normalcy. Currently, its flagship test, Sensiva C19™ RT-PCR (Polymerase chain reaction) Molecular COVID-19 Test, provides greater than 99% accurate test results within 12-24 hours of receiving the sample.
“We’re able to easily keep ahead of a backlog because COVID-19 testing is all we do at Sensiva,” Vigerust added. “Our lab and technical staff are not bogged down by multiple assays and diseases. Our lab and research is laser-focused on the coronavirus.”
Sensiva can provide businesses and healthcare providers with risk exposure information and guidance via an online report, or by phone through Sensiva’s proprietary mobile application. While both clearly explain the test results, a team of telemedicine professionals are also available to answer questions via live chat, email, or phone support.
Authorized by the U.S. Food & Drug Administration (FDA) in June for Emergency Use Authorization (EUA200187) under Sensiva’s affiliate lab Cormeum Lab Services, Sensiva C19™ is a gold standard real-time multi-method collection test with as near to 100 percent specificity and sensitivity as possible, offering next-day results, making the test clinically relevant.
Based on the most powerful technique and tool in molecular biology, RT-PCR has proven to be the most reliable COVID-19 testing method. Using enzymes sourced from heat-stable bacteria to replicate DNA/RNA, Sensiva utilizes the latest technology platforms to perform this highly specific and reliable process, which results in rapid and highly accurate reproduction of DNA/RNA molecules in its laboratory.
About Sensiva Health, LLC:
Sensiva Health, LLC offers a variety of direct COVID-19 lab tests for informational and educational use. Sensiva's team is made up of doctors, lab directors, technology officers, infectious disease specialists, medical directors, and more, committed to using real-time PCR+Antigen/Antibody COVID-19 testing and proprietary advanced scientific modeling to safely get America back to normalcy. To learn more about Sensiva and its comprehensive COVID-19 testing solutions, please visit https://www.sensivahealth.com.
Jeff Johnston
(914) 466-0363
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HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) announced today that it will participate in a Fireside Chat and host virtual investor meetings at the Barclays CEO Energy–Power Virtual Conference Wednesday, September 9, 2020. The Fireside Chat is scheduled for 11:05 a.m. ET. A live webcast of the Fireside Chat will be available and may be accessed via Enterprise’s website at www.enterpriseproducts.com.
A copy of the slides to be used in the meetings will be available at 7:00 a.m. ET on Wednesday, September 9 and may be accessed under the Investors tab on the partnership’s website.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and export and import terminals; crude oil gathering, transportation, storage and export and import terminals; petrochemical and refined products transportation, storage, export and import terminals and related services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745
Rick Rainey, Media Relations (713) 381-3635
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