TULSA, Okla.--(BUSINESS WIRE)--Unit Corporation (OTC Pink: UNTC) (Company) announced today that it has ended its engagement with Tudor, Pickering, Holt & Co. (TPH) as advisor for the previously announced process to sell up to all of its oil and gas properties and reserves. The decision to terminate the Company’s engagement with TPH was primarily based on changes in the price of oil, natural gas, and natural gas liquids since the process was announced, as well as factors created by general volatility in the market. During the process, the Company entered into an agreement to sell its Gulf Coast oil and gas properties for $56 million, subject to customary adjustments. That agreement is set to close on July 1, 2022. The Company will continue to evaluate acquisition and divestiture opportunities in the ordinary course of business.
The Company also announced today that the board has authorized the Company to increase from $50 million to $100 million the aggregate value of shares of common stock that the Company may repurchase under its stock repurchase program initially announced on July 13, 2021 and increased on October 8, 2021. Repurchases will continue to be made from time to time at the Company’s discretion through open market purchases, privately negotiated transactions, or other available means. The Company intends to fund repurchases from available liquidity. The Company has no obligation to repurchase any additional shares under the repurchase program and may suspend or discontinue it any time without prior notice. To date, the Company has repurchased 1,271,963 shares for approximately $41 million under the repurchase program.
Philip B. Smith, the Company’s Chairman and Chief Executive Officer, commented, “The board's decision to end the Company’s engagement with TPH reflects the opportunities created by rising oil and natural gas prices and its conviction that the Company can create more shareholder value by operating the properties.”
“Our confidence in the Company and commitment to optimizing shareholder returns is further reflected in the board’s decision to expand our stock repurchase program for a second time.”
“Additionally, the board expressed its desire to return value to shareholders in the form of future distributions when it thinks the time is appropriate.”
About Unit Corporation
Unit Corporation is a Tulsa-based, publicly held 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 press release has forward-looking statements within the meaning of the Private Securities Litigation Reform Act. All statements, other than statements of historical facts, included in this release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur are forward-looking statements. Several risks and uncertainties could cause actual results to differ materially from these statements, including changes in oil and natural gas prices, changes in the Company’s reserves estimates or its value thereof, the level of activity in the oil and natural gas industry and other risk factors described in the Company's publicly available SEC reports. The Company assumes no obligation to update publicly such forward-looking statements, whether because of new information, future events, or otherwise.
Rene Punch
Investor Relations
(918) 493-7700
www.unitcorp.com
ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, today announced the appointment of Kimberly Harriman as Senior Vice President, State Government Affairs & Corporate Communications. She will assume the role immediately and will join the executive leadership team.
“Kim has a well-established track record of achievement both here at AVANGRID and throughout her career,” said Pedro Azagra, CEO of AVANGRID. “This is an exciting time in AVANGRID’s history as we continue to build one of our industry’s most diverse executive leadership teams. I’m pleased to welcome Kim into our executive team and expect her leadership to further drive our strategic communications and state government affairs efforts across our businesses.”
Ignacio Galán, Chairman of AVANGRID, said, “Kim’s appointment leverages her strong government relations skills and strategic communications experience to enable AVANGRID to effectively advocate for state policies that support our clean energy vision.”
As Senior Vice President, State Government Affairs & Corporate Communications, Harriman will lead internal and external communications for the company. She will also maintain oversight of State Government Relations and Public Affairs, where she has served as Vice President since the end of 2020, responsible for coordinating state government relations and public affairs for the electric and gas utility subsidiaries in New York, Connecticut, Massachusetts and Maine and renewable onshore and offshore energy projects across 22 states.
Prior to joining AVANGRID in 2021, Harriman worked for New York Power Authority (NYPA), the New York State Department of Public Service, the New York State Office of the Governor, and NY’s Moreland Commission – Utility Storm Preparation and Response.
“I’m honored to join AVANGRID’s executive leadership team as Senior Vice President of State Government Affairs & Corporate Communications,” said Harriman. “AVANGRID is in an incredible position to accelerate the transformation to a clean energy future. I look forward to collaborating with our key state-level stakeholders and sharing our clean energy vision through relevant, impactful and strategic communications both within AVANGRID and externally across broader channels.”
Harriman graduated from Albany Law School of Union. She holds a bachelor’s degree in political science with a minor in economics from Siena College, where she graduated cum laude. She will report to Azagra.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs more than 7,000 people and has been recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2022, AVANGRID ranked second within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2022 for the fourth consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.
MEDIA CONTACT:
Sarah Warren
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585-794-9253
ORLANDO, Fla.--(BUSINESS WIRE)--#energy--The National Hispanic Energy Policy Council launched on Friday to advocate for affordable, reliable energy and highlight the outsized energy burden faced by Hispanic families in the U.S., The Florida State Hispanic Chamber of Commerce (FSHCC) announced on Friday.
FSHCC will house the council and work in coordination with Houston-based Consumer Energy Alliance (CEA), the leading energy and environmental advocate for families and small businesses, to build a bipartisan coalition of leaders of Hispanic groups from across the country. FSHCC CEO and President Julio Fuentes will chair the council, while CEA Southwest Director Matthew Gonzales will serve as vice chair from New Mexico.
“The rampant inflation and record gasoline prices all Americans are facing right now is bad enough, but Hispanic families bear a 20% higher energy cost burden than the median U.S. family,” Fuentes said. “Transportation costs are soaring with no end in sight, and this especially hurts many Hispanic entrepreneurs, workers and small businesses across the country.”
“There has never been a more important time than now to unify the strength of America’s diverse Hispanic populations into a single voice that highlights our perspectives on something all Americans need: affordable and accessible energy,” Fuentes said. “The council will also ensure policy makers hear our voice when it comes to bad ideas, such as disadvantaging American energy production while courting dictators like Venezuela’s corrupt and illegitimate president to sell oil.”
“We are pleased to serve the council as part of our continuous advocacy for policies that increase energy affordability and reliability for all American families and small businesses,” Gonzales said. “CEA looks forward to working with the council to help educate elected leaders, policy makers and the Hispanic public on what good energy policy choices look like, in an era when America’s energy policy is clearly broken.”
New members of the council will be announced in the coming days and weeks.
About the Florida State Hispanic Chamber of Commerce
The Florida State Hispanic Chamber of Commerce was founded in 2000 in response to the tremendous growth of Florida’s Hispanic population. It’s partnered with nearly 40 local Hispanic chambers and business associations in the State of Florida. Today, FSHCC is Florida’s only statewide economic development organization dedicated toward Hispanic business owners and is ranked by the US Hispanic Chamber of Commerce and MBE Connect Magazine as one of the top five Hispanic chambers in the country. Visit www.FSHCC.com.
About Consumer Energy Alliance
Consumer Energy Alliance (CEA) is the leading voice for sensible energy and environmental policies for consumers, bringing together families, farmers, small businesses, distributors, producers, and manufacturers to support America’s environmentally sustainable energy future. With more than 550,000 members nationwide, we are committed to leading the nation’s dialogue around energy, its critical role in the economy, and how it supports the vital supply chains for the families and businesses that depend on them. CEA works daily to encourage communities across the nation to seek sensible, realistic, and environmentally responsible solutions to meet our nation’s energy needs.
Bryson Hull, on behalf of the Florida State Hispanic Chamber of Commerce and Consumer Energy Alliance
(202) 657-2855
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HOUSTON--(BUSINESS WIRE)--NOV Inc. (NYSE: NOV) will hold a conference call to discuss its second quarter 2022 results on Thursday, July 28, 2022, at 10 a.m. (Central Time). NOV will issue a press release with the Company’s results after the market closes for trading on Wednesday, July 27, 2022. The call will be webcast live on www.nov.com/investors.
About NOV
NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV’s deep expertise and technology to continually improve oilfield operations and assist in efforts to advance the energy transition towards a more sustainable future. NOV powers the industry that powers the world.
Visit www.nov.com for more information.
Blake McCarthy
Vice President, Corporate Development and Investor Relations
(713) 815-3535
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HOUSTON--(BUSINESS WIRE)--Consolidated Asset Management Services (CAMS), an industry leading asset management and operations and maintenance (O&M) services provider, announced today that it was awarded an O&M contract to support Hallador Energy Company (Hallador) and its Merom Generating Station (Merom), a 1,000 MW coal-fired power generating station in Indiana.
Located in Sullivan County, IN., Merom employs a workforce of approximately 220 and can power up to 200,000 homes at full capacity. As the O&M provider, CAMS is committed to providing safe, reliable, and efficient generation of electricity 24/7.
“We are excited to partner with Hallador Energy in providing reliable baseload power to the MISO region,” said Greg Bobrow, CAMS Chief Operating Officer. “We welcome the Merom employees to the CAMS family and look forward to their continued contributions and service.”
Earlier this year, Hallador Energy announced that its new wholly owned subsidiary, Hallador Power Company, LLC, would acquire Hoosier Energy’s Merom pant. Per the agreement, Hoosier will purchase 100% of the plant’s energy and capacity through May 2023, reducing purchases to 22% of energy output and 32% of its capacity beginning in June 2023 and through 2025. Throughout the Merom acquisition, CAMS has supported Hallador’s commercial team, providing due diligence and O&M transition services.
Heath Lovell, President of Hallador Power Company, LLC, highlighted CAMS O&M experience and said, “As we continue to see the importance of baseload and dispatchable power to mitigate the risks of both blackouts and high energy prices, Hallador Power is proud to partner with CAMS, who has the knowledge and expertise to assure that Merom is operating at its highest level.”
About CAMS
CAMS is a privately held company providing Operations and Maintenance (O&M), Asset Management, Environmental, Social, and Governance (ESG), and Optimization services for energy and infrastructure assets. We add value through superior management and operation of our clients’ assets located throughout the U.S. and internationally. To this end, we empower our employees to pursue creative and sustainable business practices in the field and at our corporate office that contribute to operational excellence, financial performance, a safe workplace, and a better community and environment. For more information, visit www.camstex.com.
About Hallador
Hallador Energy Company has been leading exploration in energy sourcing since 1951. The name Hallador is Spanish for “one who leads the way;” this has been the company mantra for strategic positioning for long-term opportunities. Beginning with roots in oil and gas exploration, then evolving to concentrate on coal development and transportation delivery, to today where we add renewables to the mix. Our customers, large-scale utilities, seek to decarbonize by evaluating the make-up of their generation. Our renewable energy generation can help them provide the grid stability they need and the shift to renewables they want. Our commitment to our employees, customers, and shareholders remains strong with this ever-evolving flexibility. For more information, please visit www.halladorenergy.com
Corporate Communications
Melissa Kinsella
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EWING, N.J.--(BUSINESS WIRE)--$OLED #OLED--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, will hold its 2022 Annual Meeting of Shareholders in a virtual-only format beginning at 10:00am Eastern Time on Thursday, June 23, 2022.
To attend and participate in the Annual Meeting, shareholders of record as of the close of business on April 1, 2022, will need to visit www.virtualshareholdermeeting.com/OLED2022 and log in using the 16-digit control number found on their proxy card, voting instruction form or notice of internet availability. Guests may attend the 2022 Annual Meeting in a listen-only mode. Online access and check-in will begin at 9:45am Eastern Time on June 23rd. Participants should allow plenty of time to log in prior to the start of the Annual Meeting. An archive of the meeting will be available for replay within 24 hours after its conclusion on the events page of the Company's Investor Relations website at ir.oled.com.
About Universal Display Corporation
Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. Founded in 1994 and with subsidiaries and offices around the world, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,500 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of energy-efficient and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display Corporation, please visit https://oled.com/.
Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.
All statements in this document that are not historical, such as those relating to the projected adoption, development and advancement of the Company’s technologies, and the Company’s expected results and future declaration of dividends, as well as the growth of the OLED market and the Company’s opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation’s current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation’s periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled “Risk Factors” in Universal Display Corporation’s Annual Report on Form 10-K for the year ended December 31, 2021. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.
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Universal Display Contact:
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Over 13,000 workers supported maintenance projects during spring refueling outages to keep power supplied 24/7 during hot summer months and beyond
WARRENVILLE, Ill.--(BUSINESS WIRE)--Over 13,000 workers performed technology upgrades and equipment maintenance during six refueling outages at Constellation nuclear plants this spring, investments that will prepare the plants for the hot summer months ahead. The cutting-edge upgrades and preventive maintenance will ensure Constellation’s nuclear fleet, which serves 15 million American homes and businesses, will have access to safe, affordable, carbon-free electricity this summer to help combat any periods of high heat or humidity.
During the refueling outages, workers replaced or refurbished dozens of pumps and motors, performed quality assurance inspections on reactor and fuel components, and completed tens of thousands of other technical tasks to ensure the power plants provide uninterrupted carbon-free electricity for up to 24 straight months.
“Constellation is helping accelerate this country’s transition to a carbon-free future and it begins with our zero emissions nuclear fleet running nonstop through the summer,” said Joe Dominguez, CEO of Constellation. “We met our commitment to operational excellence last winter by keeping our plants running throughout the cold months despite challenging weather conditions. Our investments in the plants this spring will help us maintain that level of performance during the upcoming summer months, as the climate crisis continues to produce extremely hot weather.”
This summer, nuclear reliability could be especially helpful in moderating electricity prices for Illinois customers. Constellation’s 24/7 carbon-free baseload nuclear power displaces generation from fossil-fuel plants that may experience further spikes in gas and oil costs. This is in addition to the $1 billion credit Constellation’s nuclear plants are projected to deliver for northern Illinois ratepayers as a result of the Climate & Equitable Jobs Act passed last year.
The refueling outages would not be possible without support from thousands of skilled electricians, pipefitters, welders, carpenters, laborers, steamfitters and other trades people on site performing thousands of inspections, tests and maintenance activities that cannot be done while the unit is online. Along with replacing about one-third of the fuel in each reactor, workers completed other major projects during the nuclear outages this spring, including:
“We carefully schedule these important upgrades, maintenance activities and technical inspections during periods of lower power demand to ensure our carbon-free nuclear units remain online 24/7 through the blistering summer months ahead,” said Tim Hanley, chief operating officer at Constellation.
About Constellation
Constellation is the nation’s largest producer of carbon-free energy and the leading competitive retail supplier of power and energy products and services for homes and businesses across the United States. Headquartered in Baltimore, its generation fleet powers more than 20 million homes and businesses and is helping to accelerate the nation’s transition to clean energy with more than 32,400 megawatts of capacity and annual output that is 90 percent carbon-free. Constellation has set a goal to eliminate 100 percent of its greenhouse gas emissions by leveraging innovative technology and enhancing its diverse mix of hydro, wind and solar resources paired with the nation’s largest carbon-free nuclear fleet. Constellation’s family of retail businesses serves approximately 2 million residential, public sector and business customers, including three-fourths of the Fortune 100. Learn more at www.constellation.com or on Twitter at @ConstellationEG.
Brett Nauman
Constellation Communications
309-433-6894
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EVS will define opportunities for success across the electric vehicle ecosystem
BOSTON--(BUSINESS WIRE)--Strategy Analytics today announced the launch of its new Electric Vehicles Service (EVS), as part of the Global Automotive Practice (GAP). Leveraging Strategy Analytics’ 30 years plus of automotive electronics forecasting expertise, EVS offers the industry’s deepest and most insightful market information on this complex emerging market to help define opportunities for success across the whole electric vehicle ecosystem. The service will deliver a holistic view of the market for clients tracking global and regional developments across battery technologies, charging infrastructure, systems, semiconductor, and sensors, we well as providing the keenest insights into regulatory and policy dynamics, OEM and Tier 1 strategies, emerging technologies, and economies.
Commented Asif Anwar, Executive Director for GAP, “We are excited to bring this new service to clients of the Global Automotive Practice. EVS will help identify the critical success factors and provide insight and guidance needed to succeed across the whole electric vehicle ecosystem. Building on our in-depth modeling, EVS will provide forecasts and analyses covering battery technology, xEV powertrain systems and associated power electronics, including associated segmentation looking at the dynamics of silicon versus wide bandgap silicon carbide and gallium nitride technologies, as well as looking at the associated charging infrastructure and battery swapping dynamics that will shape the market for electric vehicles.”
Added Ian Riches, Vice President for the Global Automotive Practice, “From the outset, EVS will be able to offer global and regional historical data as well as ten-year unit and revenue forecasts spanning the systems demand, e.g., battery management systems, main inverters, DC-DC converters etc., and the associated semiconductor and sensor demand from electric vehicle platforms (mild hybrid, full hybrid, plug-in hybrid, battery electric). Our suite of databases includes a comprehensive battery technology database, and the service will continue to evolve in coverage and scope to look at new technologies and issues including the development of global and regional charging infrastructures. As always, GAP clients subscribing to EVS will continue to guide our research content. We’re absolutely thrilled to be able to be expanding the GAP suite of services with EVS.”
Source: Strategy Analytics, Inc.
#SA_Automotive
About Strategy Analytics
Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions. Our multi-discipline capabilities include: industry research advisory services, customer insights, user experience design and innovation expertise, mobile consumer on-device tracking and business-to-business consulting competencies. With domain expertise in: smart devices, connected cars, intelligent home, service providers, IoT (Internet Of Things), strategic components and media, Strategy Analytics can develop a solution to meet your specific planning need. For more information, visit us at www.strategyanalytics.com.
For more information about Strategy Analytics
Electric Vehicles Service: Click here
Report contacts:
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DUBLIN--(BUSINESS WIRE)--The "Global Cladding Service Market, By Type, Application & By Region - Forecast and Analysis 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global cladding (metalworking) service market was valued at USD 41.98 Billion in 2021, and it is expected to reach a value of USD 55.93 Billion by 2027, at a CAGR of more than 4.67% over the forecast period (2022 - 2027).
The growth of this market is attributed to the increasing number of deep-water and ultra-deep-water fields and the growing drilling operations are expected to drive the demand for the cladding metalworking service market.
The oil and gas industry is expected to drive cladding service demand in the coming years. Oil & Gas companies work in a complex environment, where they face constant challenges, especially with respect to corrosion.
According to a recent study, the total annual cost of corrosion in the oil and gas production industry is estimated to be $1.37 billion. It is estimated that these costs and environmental risks could rise further in the years ahead, as new hydrocarbon sources are found in more challenging environments - deeper reservoirs with higher temperatures and pressures and containing greater concentrations of acid gases.
In the cladding process, the backing steel for clad plate in sour service does not need to be resistant to hydrogen-induced (stepwise) cracking since the alloy layer (clad layer) prevents corrosion (and therefore hydrogen generation) at the inner surface of the vessel or pipe.
Occasionally concern is expressed about the risk of hydrogen disbonding between the cladding and the backing steel. In the context of oil and gas production, this is unlikely to occur since there is no hydrogen produced at the inner surface. The alloy layer should be selected to be fully corrosion resistant in the expected environment so that there is no corrosion and therefore no hydrogen is generated internally.
The outer surface, if buried or submerged, would normally be cathodically protected. If protected at the correct potential, some hydrogen will be generated externally.
The report provides market sizing and forecast across five major regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA). In this report, the year 2016 to 2020 is considered a historical year, 2021 is the base year, 2022 is the estimated year, and years from 2022 to 2027 are considered the forecast period. data.
In the competitive landscape, the report studies the growth strategies adopted by the companies. Players in this market adopted various strategies to expand their global footprint and augment their market share.
The key strategies followed by most companies in the global cladding (metalworking) service markets were agreements and collaborations, mergers and acquisitions, and expansion.
Aspects covered in this report
Key players discussed in this report
For more information about this report visit https://www.researchandmarkets.com/r/hy5kiv
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA) announced the results of its 2022 Annual Meeting of Stockholders, which was held today, as follows:
Lisa Harris Jones was re-elected as an Independent Director. The final tabulation of the percentage of stockholders’ votes cast for this Independent Director is as follows:
Independent Director |
Percentage of Shares Voted For |
||||
Lisa Harris Jones |
59.0% |
Rajan C. Penkar was re-elected as an Independent Director. The final tabulation of the percentage of stockholders’ votes cast for this Independent Director is as follows:
Independent Director |
Percentage of Shares Voted For |
||||
Rajan C. Penkar |
72.4% |
Stockholders ratified the appointment of Deloitte & Touche LLP as TA’s independent auditors to serve for the 2022 fiscal year. The final tabulation of the percentage of stockholders’ votes cast for this proposal is as follows:
Proposal |
Percentage of Shares Voted For |
||||
Ratification of Independent Auditors |
99.8% |
About TravelCenters of America Inc.:
TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its more than 18,000 team members serve guests in over 276 locations in 44 states, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists, while leveraging alternative energy to support its own operations. TA operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.
Kristin Brown, Director, Investor Relations
(617) 796-8251
www.ta-petro.com
DUBLIN--(BUSINESS WIRE)--The "Global Air-to-Air Refueling Market (2021-2026) by Component, System, Aircraft Type, Type, End-User and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Air-to-Air Refueling Market is estimated to be USD 2.9 Bn in 2021 and is expected to reach USD 3.63 Bn by 2026, growing at a CAGR of 4.6%.
Aerial refueling is mainly defined as the process of sending aviation fuel from one aircraft to another when both are in their flight modes. Flying boom and progue-and-drogue are two main methodologies that are used to carry out the aerial refueling processes. The former process is substantially faster than the other but needs a specific type of boom operator station setup.
Factors like increasing demand for air-to-air refueling systems to support overseas deployments, increased defense expenditure of countries, development of advanced aerial tankers and increase in combat aircraft procurement are some of the drivers for the market.
Whereas possible refueling of only one aircraft at a time through boom mechanism and refueling aircraft in rough weather or bad visibility are major restraints for the market.
The autonomous refueling methodology of aircraft mid-air is an opportunity for the growth of the market. Though, high installation and maintenance cost act as a challenge for the market.
Market Influencers
Drivers
Restraints
Opportunities
Challenges
Market Segmentation
Recent Developments
Company Profiles
Some of the companies covered in this report are
For more information about this report visit https://www.researchandmarkets.com/r/468irl
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that one of its wholly-owned subsidiaries has entered into a definitive agreement with a wholly-owned subsidiary of Summit Midstream Partners, LP (“Summit”) to acquire Summit’s Lane Gathering and Processing System (the “Lane G&P System”) in Eddy and Lea Counties, New Mexico for $75 million, subject to customary transaction adjustments. In connection with the transaction, the Company will assume certain takeaway capacity on the Double E Pipeline, a FERC-regulated natural gas pipeline operated by Summit. The acquisition is subject to customary closing conditions and is expected to close in the second quarter of 2022. A map of the Lane G&P System is included as Annex A to this press release.
Joseph Wm. Foran, Matador’s Founder, Chairman and Chief Executive Officer, said, “We are excited to announce this strategic acquisition of the Lane G&P System, which includes a 60 million cubic feet per day cryogenic natural gas processing plant, three compressor stations and approximately 45 miles of natural gas gathering pipelines. This acquisition is a further extension of our strategy to control our midstream operations and to use our midstream assets to further enhance and assist our operations. To accomplish this, we expect to expand the Lane G&P System to support our environmental, safety, exploration and production efforts in northern Eddy and Lea Counties, New Mexico. We are also pleased to acquire additional takeaway capacity from the Delaware Basin to ensure our and our third-party customers’ natural gas is transported to market. We thank both the Summit and Matador teams for their diligence in negotiating this transaction and look forward to closing later this month.”
About Matador Resources Company
Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.
For more information, visit Matador Resources Company at www.matadorresources.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. “Forward-looking statements” are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, statements about guidance, projected or forecasted financial and operating results, future liquidity, the payment of dividends, results in certain basins, objectives, project timing, expectations and intentions, regulatory and governmental actions and other statements that are not historical facts. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, the following risks related to financial and operational performance: general economic conditions; the Company’s ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids; delays and other difficulties related to regulatory and governmental approvals and restrictions; impact on the Company’s operations due to seismic events; availability of sufficient capital to execute its business plan, available borrowing capacity under its revolving credit facilities and otherwise; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; weather and environmental conditions; the impact of the worldwide spread of the novel coronavirus, or COVID-19, on oil and natural gas demand, oil and natural gas prices and its business; the operating results of the Company’s midstream joint venture’s oil, natural gas and water gathering and transportation systems, pipelines and facilities, the acquiring of third-party business and the drilling of any additional salt water disposal wells; and the other factors which could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador’s filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of Matador’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.
Mac Schmitz
Vice President – Investor Relations
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(972) 371-5225
Company to install high-capacity factor clean energy recovery equipment in its potable water system generating up to 125 kilowatts of clean energy
SAN DIEGO--(BUSINESS WIRE)--Today, California American Water announced the Highland Tank Conduit-Hydro Clean Energy Project, a clean energy recovery infrastructure project with Rentricity Inc., the innovative in-conduit hydropower clean energy company located in New York City.
The Highland Tank Project, sponsored by the California Public Utilities Commission, is a unique, high-capacity clean energy project aimed at modernizing pressure regulation infrastructure. When complete the system will generate between 75 and 125 kilowatts of clean energy at different periods of the day.
California American Water’s Highland Tank, located in San Diego, will be retrofitted with two different sized NSF 61/372 low lead turbines, and is certified for safe-drinking water, to maximize annual power generation over the diurnal and seasonal cycles. Rentricity Flow-to-Wire™ systems' capture excess pressure and flow within gravity-fed water distribution pipelines, converting it into clean energy for the electric grid or to be used on the customer's site.
The existing 24-inch transmission line and 24-inch distribution line will be utilized as originally built and currently used for the distribution of potable water for residential and commercial consumption.
"We are excited to work with Rentricity to complete this important infrastructure project to determine how California American Water might leverage this technology in the future to reduce our carbon footprint and reduce costs to customers," said Kevin Tilden, President of California American Water. "With in-conduit hydropower we have another option to reduce our carbon footprint and energy costs. ESG is core to our business and integral to our success. California American Water is dedicated to finding effective new technologies that increase efficiencies in our systems.”
California American Water will seek to provide this unique, high-capacity clean energy to one of the Community Choice Aggregators operating in the San Diego Gas & Electric region. In-conduit hydropower is gaining interest in the clean energy sector as a novel and unique form of clean energy that can support and balance the emergence of micro-grids, especially in southern California. Approximately four percent of total U.S. energy use is consumed by water and wastewater systems, equivalent to 187.4 million megawatt hours of energy per year and is estimated to cost as much as $4 billion annually. Innovative technologies, such as Rentricity’s, afford water operators around the country an opportunity to help address a national problem by reducing their costs and improve their infrastructure.
Rentricity’s applications for in-conduit hydropower solutions are numerous, making it a new energy savings option for new pipeline projects and infrastructure upgrades. "As our population and industry grows in the United States, more water will be piped to people, farm fields and industrial processors," says Frank Zammataro, Rentricity's CEO and Co-founder. "We need to embrace in-conduit hydropower as a consistent and predictable form of clean energy that can be harnessed to support emerging microgrids adopting solar, wind and thermal resources," he added. Rentricity is the sole source provider for safe drinking water NSF certified pumps-as-turbines for energy recovery applications in water infrastructure. The NSF 61 & 372 safe drinking water certified equipment is currently required in 48 states.
About California American Water: California American Water, a subsidiary of American Water (NYSE: AWK), provides high-quality and reliable water and wastewater services to more than 725,000 people. Information regarding California American Water’s service areas can be found on the company’s website www.californiaamwater.com.
About American Water: With a history dating back to 1886, American Water is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs more than 6,400 dedicated professionals who provide regulated and regulated-like drinking water and wastewater services to more than 14 million people in 24 states. American Water provides safe, clean, affordable and reliable water services to our customers to help keep their lives flowing. For more information, visit amwater.com and diversityataw.com. Follow American Water on Twitter, Facebook and LinkedIn
About Rentricity Inc.: Rentricity Inc. (www.rentricity.com) is the nation’s leader in producing clean, renewable energy from in-conduit hydropower applications in drinking water distribution systems, irrigation and industrial water systems. The Company is based at 160 Varick Street, New York, NY 10013
Media
Brian A. Barreto
External Affairs, Southern California
Phone: 626-388-7484
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Frank Zammataro
CEO & Co-founder
Rentricity Inc.
Phone: (732) 319-4501
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WEX’s Esso Card™ is now available to public sector organisations that fall under the framework for the first time
LONDON--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform specialising in simplifying the business of running a business and well-known provider of fuel cards, has announced that it has been accepted onto the UK’s Crown Commercial Service (CCS) framework for the first time.
The inclusion on the CCS RM6186 (Fuel Cards and Associated Services VI) framework means WEX’s Esso Card™ — which allows payment for fuel at Esso, Shell and BP branded service stations — is now available to the public sector organisations that fall under the framework.
Additionally, a supplementary card is also available which offers access to more fuel stations including Texaco and Jet as well as supermarket fuel stations, like Morrisons, Tesco and Sainsburys. This means that the combined WEX offering provides access to more than 6,300 branded fuel stations across the UK, covering 75% of the petrol stations in the UK.
“This is a significant moment for our business to engage in this sector and one that is integral to our growth strategy. Bringing this offering to the public sector will place WEX alongside some of the biggest businesses in the UK, to bring a best-in-industry offering to people within national and local government and the nation’s critical emergency services. They can expect a lot from us moving forward,” said Eamonn Tierney, Managing Director of WEX in Europe.
“We are looking forward to cementing our public sector expertise from across Europe adjacent to our private sector fuel services where we have managed some of the largest fleet organisations in Europe, from the U.K. We offer a highly competitive product — one that meets the needs of UK organisations. Our aim is to simplify the process of running a business and there are a great many exciting developments on the horizon,” Aaron Townson, Business Development Manager at WEX, who worked on WEX’s application to be named as a supplier on Crown Commercial Service’s Fuel Cards and Associated Services VI framework, said.
The CCS supports the public sector to achieve maximum commercial value when procuring common goods and services. In 2020/21, the CCS helped the public sector to achieve commercial benefits equal to £2.04bn — supporting world-class public services that offer best value for taxpayers. It also increases savings for taxpayers by centralising buying requirements for common goods and services and bringing together smaller projects.
For more information about WEX in the UK, please visit www.wexeuropeservices.com.
About WEX:
WEX (NYSE: WEX) is the global commerce platform that simplifies the business of running a business. WEX has created a powerful ecosystem that offers seamlessly embedded, personalised solutions for its customers around the world. Through its rich data and specialised expertise in simplifying benefits, reimagining mobility and paying and getting paid, WEX aims to make it easy for companies to overcome complexity and reach their full potential. For more information, please visit www.wexinc.com.
This press release was issued on behalf of WEX by Hallam.
WEX Media:
Tom Bestwick
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ATLANTA--(BUSINESS WIRE)--#ChangeInPower--Mitsubishi Power and Georgia Power, alongside the Electric Power Research Institute (EPRI), this month successfully validated fuel blending of hydrogen and natural gas at both partial and full load on an M501G natural gas turbine at Georgia Power’s Plant McDonough-Atkinson in Smyrna, Georgia. The demonstration project was the first to validate 20%* hydrogen fuel blending on an advanced class gas turbine in North America, and the largest test of this kind to date, with the 20% blend providing an approximately 7% reduction in carbon emissions compared to natural gas.
Georgia Power, the largest electric subsidiary of Southern Company, collaborated with Mitsubishi Power for the landmark testing as part of a continued commitment to new research and development (R&D) to build the energy grid of the future and to reduce carbon emissions across its generation fleet, with Georgia Power having already reduced its carbon emissions by more than 60% since 2007.
The Plant McDonough-Atkinson facility, located less than 10 miles from downtown Atlanta, has served electric customers for more than 80 years and was fully converted to natural gas in 2012 and expanded to power up to 1.7 million homes. It currently operates six state-of-the-art, large-capacity M501G series gas turbines, which deliver high performance and high efficiency, as well as three steam turbines running in three blocks of 2-on-1 combined-cycle configuration.
Mitsubishi Power completed the hydrogen blending on one M501G gas turbine unit with an approximate output of 265 MW by utilizing some results of a project commissioned by the New Energy and Industrial Technology Development Organization (NEDO), Japan’s national research and development agency. Dry low NOx (DLN) hydrogen blending was successful at up to 20% at the designed 100% natural gas firing temperature, within emissions compliance for the existing air permit, and without impact on the maintenance intervals. The team also confirmed improved turndown by testing up to 20% hydrogen at minimum emissions-compliant load.
Mitsubishi Power provided full turnkey service for this project including engineering, planning, hydrogen blending hardware, controls, commissioning and risk management. Mitsubishi Power partnered with Certarus to source and manage the hydrogen supply. This project builds upon Mitsubishi Power’s hydrogen combustion experience and ongoing hydrogen combustion development for 100% hydrogen DLN combustion at the company’s facility at Takasago Works in Hyogo Prefecture, Japan. This site encompasses the development, design and manufacture of gas turbines, as well as demonstration and verification. The company recently announced it will establish a Takasago Hydrogen Park, which started construction in quarter one of 2022. It will be the world’s first center for validation of hydrogen-related technologies. With this comprehensive capability, the company is working toward commercializing highly reliable, carbon-free power generation technologies and products, including tests and collaboration with partners around the world on a path to 100% hydrogen firing for small- and large-frame gas turbines in the future.
“This monumental hydrogen demonstration project at Plant McDonough-Atkinson is another example of how, at Georgia Power and Southern Company, we are building the future of energy, today. This demonstration helps pave the way for long-term clean and carbon-free use for already existing infrastructure. Making these smart investments today on behalf of our customers ensures we can continue to provide clean, safe, reliable and affordable energy as Georgia grows and thrives for decades to come,” said Allen Reaves, Senior Vice President and Senior Production Officer, Georgia Power. “This kind of research and development not only delivers long-term value for our customers, but also helps drive the entire energy industry forward toward a cleaner, carbon-free future. We’re proud to be playing an important role in that and excited about what we’ve been able to accomplish with our partner, Mitsubishi Power Americas.”
Mark Bissonnette, Executive Vice President and Chief Operating Officer, Power Generation, Mitsubishi Power Americas, said, “Mitsubishi Power is dedicated to our mission of providing power generation and storage solutions to our customers, empowering them to affordably and reliably combat climate change and advance human prosperity. The hydrogen blending demonstration project at Plant McDonough-Atkinson brings us closer to reaching net-zero goals across the industry. Together with our customers and partners, we are creating a Change in Power.”
Southern Company’s industry-leading R&D organization served as technical consultant on the project. The team is engaged domestically and internationally in research focused on low-carbon hydrogen power generation, production, delivery, transportation, infrastructure and energy storage. Southern Company leads demonstrations with the U.S. Department of Energy covering the full value chain of a hydrogen economy and believes there is a compelling opportunity for hydrogen technology to deliver a sustainable energy future.
The Electric Power Research Institute (EPRI), an independent, non-profit energy research and development organization, supported the development of the project. EPRI researchers were on-site during the testing, and the organization will publish a detailed report on the testing and results later this summer. EPRI delivers thought leadership and technical expertise through projects such as this one, as well as programs such as the Low-Carbon Resources Initiative.
Neva Espinoza, EPRI Vice President of Energy Supply and Low-Carbon Resources, said, "Accelerating low-carbon technology development is essential to achieve net-zero targets by mid-century. This successful hydrogen demonstration test reinforces the significant, game-changing role that this and other low-carbon technologies can play to help reach economy-wide decarbonization. EPRI’s future-focused collaboration with Georgia Power and Mitsubishi Power Americas is helping bring net-zero goals within reach.”
Note
* The ratio of hydrogen content indicates volume ratio.
About Mitsubishi Power Americas, Inc.
Mitsubishi Power Americas, Inc. (Mitsubishi Power) headquartered in Lake Mary, Florida, employs more than 2,300 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North, Central, and South America. Mitsubishi Power’s power generation solutions include gas, steam, and aero-derivative turbines; power trains and power islands; geothermal systems; PV solar project development; environmental controls; and services. Energy storage solutions include green hydrogen, battery energy storage systems, and services. Mitsubishi Power also offers intelligent solutions that use artificial intelligence to enable autonomous operation of power plants. Mitsubishi Power is a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace, and defense. For more information, visit the Mitsubishi Power Americas website and follow us on LinkedIn.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.7 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/Georgia Power), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
About EPRI
Founded in 1972, EPRI is the world's preeminent independent, non-profit energy research and development organization, with offices around the world. EPRI's trusted experts collaborate with more than 450 companies in 45 countries, driving innovation to ensure the public has clean, safe, reliable, affordable, and equitable access to electricity across the globe. Together, we are shaping the future of energy.
Communications Contact
Christa Reichhardt
Mitsubishi Power Americas
+1 407-484-5599
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Georgia Power
+1 404-506-7676
Southern Company
+1 866-506-5333
EPRI
+1 202-293-7517
SANTA CLARA, Calif.--(BUSINESS WIRE)--In the process of finding the best technologies for solving the Renewable Energy issue, the CTO of Boly Media Holdings Co., Dr. Xiaoping Hu, has discovered hidden, but fatal errors in Special Relativity. Dr. Hu has studied and pondered Einstein's Relativity Theory since high school. Two logical errors have been found in the derivation process of Lorentz Transform which is critical in Special Relativity, and two basic assumptions are also invalid, including the assumption about light speed constancy. Almost all past experimental and observational supports to Relativity Theory have also been examined and errors and deficiencies have been found in them. Dr. Hu’s findings have been scrutinized by many top scientists and Ph.D.’s, including Nobel Laureate’s groups, in Physics and Mathematics academy for more than three months, and nobody can fix the errors yet. As such, Dr. Hu is publishing a complete and rigorous proof here, wishing the whole academic community can resolve the errors, or the foundation of Modern Physics is at a serious crisis.
Critical proofs contain only 6 pages, starting from Page 35. Now that the whole modern Physics is built on Relativity Theory, Dr. Hu calls for physics and mathematics professionals in the whole world to cross-examine these errors, so that they can be properly addressed. Physics can hardly make any further progress without fixing fundamental errors in Special Relativity.
About Boly©: Boly Media Holdings Co. Ltd. is a hightech company focusing on imaging and solar energy products.
Boly, Inc.
Daniel Guo, +86-755-2685 4933
Director of Marketing
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DUBLIN--(BUSINESS WIRE)--The "Offshore Support Vessel Market Research Report by Type (Anchor-handling tug supply vessels, Chase vessels, and Crew vessels), Applications, End-Use, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global Offshore Support Vessel Market size was estimated at USD 22.27 billion in 2021, USD 23.66 billion in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.40% to reach USD 32.33 billion by 2027.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Offshore Support Vessel Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Global Offshore Support Vessel Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Offshore Support Vessel Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Offshore Support Vessel Market?
4. What is the competitive strategic window for opportunities in the Global Offshore Support Vessel Market?
5. What are the technology trends and regulatory frameworks in the Global Offshore Support Vessel Market?
6. What is the market share of the leading vendors in the Global Offshore Support Vessel Market?
7. What modes and strategic moves are considered suitable for entering the Global Offshore Support Vessel Market?
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/cp4vj1
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
DUBLIN--(BUSINESS WIRE)--The "Oil & Gas Downstream Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.
The global oil & gas downstream market is expected to grow at a CAGR of more than 4% during the forecast period.
Factors such as increasing refining capacity across Asia-Pacific and the Middle-East, and rising industrialization in developing countries, are expected to drive the oil & gas downstream market during the forecast period. However, the growing share of fuel-efficient vehicles and increasing penetration of electric vehicles in both developed and emerging economies are expected to hinder the market growth during the forecast period.
Key Highlights
Key Market Trends
Refineries to Dominate the Market
Asia-Pacific to Dominate the Market
Key Topics Covered:
1 INTRODUCTION
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Refining Capacity and Forecast in million barrels per day, till 2025
4.3 Oil & Gas Production Scenario (2010-2025)
4.4 Oil & Gas Consumption Scenario (2010-2025)
4.5 Refinery Throughput Capacity (2010-2025)
4.6 Key Projects Information
4.6.1 Existing Projects
4.6.2 Projects in Pipeline
4.6.3 Upcoming Projects
4.7 Crude Oil Price Trend Analysis (2010-2019)
4.8 Recent Trends and Developments
4.9 Government Policies and Regulations
4.10 Market Dynamics
4.10.1 Drivers
4.10.2 Restraints
4.11 Supply Chain Analysis
4.12 Porter's Five Forces Analysis
4.12.1 Bargaining Power of Suppliers
4.12.2 Bargaining Power of Consumers
4.12.3 Threat of New Entrants
4.12.4 Threat of Substitutes Products and Services
4.12.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Type
5.1.1 Refineries
5.1.2 Petrochemical Plants
5.2 Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 South America
5.2.5 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
6.3.1 Reliance Industries Ltd.
6.3.2 Royal Dutch Shell PLC
6.3.3 The Dow Chemical Company
6.3.4 BP PLC
6.3.5 Saudi Aramco
6.3.6 Indian Oil Corporation Limited
6.3.7 China National Petroleum Corporation
6.3.8 Total SA
6.3.9 Chevron Corporation
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/yl0xks
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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SHELTON, Conn.--(BUSINESS WIRE)--#celonis--TranSigma Consulting, an agile business transformation consulting firm, is leveraging Celonis to deliver accelerated value for their clients.
“Through our partnership with Celonis, we have enabled our clients to maximize value realization by facilitating tool adoption supported by process improvement, program management and change acceleration methodologies” President, TranSigma
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USE CASE BACKGROUND
IMPACT & OUTCOMES
“With the support of the Celonis tool we were able to proactively quantify, prioritize, and update any term mismatches in our systems that did not properly reflect current vendor master terms. Moving forward the tool will continue to help me capture any future unnecessary cash leakage in regards to term disconnect and action prior to payment.” Director Global Procurement, Fortune 500 CPG
“We are an organization specializing in helping companies reveal and fix inefficiencies they can’t see, enabling them to perform at unprecedented levels. Celonis provides our firm with the ability to identify further opportunities for our clients to be leaner and more efficient,” said Ryan Metz, TranSigma President. “By leveraging our partnership with Celonis and their industry-leading technology, TranSigma can deliver real-time automation and process visualizations across wide and diverse technology ecosystems to provide an understanding of how organizations truly function. These insights effectively expose the root cause of process deficiencies, enabling rapid optimization and value realization.”
TranSigma has a history of helping companies greatly enhance processes thanks to data-driven insights, process excellence, and change facilitation with clients and partners. Getting to know and understand a business is the best way to identify opportunities and realize value. With this partnership, TranSigma is committing to furthering the promise of process improvement to customers who are ready to incorporate this groundbreaking technology into their world.
About TranSigma
Digital process transformation is TranSigma’s mission. The firm’s unique data-driven approach utilizes agile, change management, and lean process reengineering to lead your transformational strategies to success. Specialized in-house skills such as IT, finance, cybersecurity, regulatory compliance, banking, and enterprise data management are fully integrated into its service delivery teams. For more information, please visit www.transigma.com.
TranSigma
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DUBLIN--(BUSINESS WIRE)--The "Global Ship Hull Inspection Services Market Report and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global ship hull inspection services market attained a value of around USD 12457 Million in 2021. Aided by the growing demand for new ships and operations, the market is projected to grow at a CAGR of 2.5% between 2022 and 2027 to reach nearly USD 14531 Million by 2027.
Ship hull inspection services assess the damage and corrosion in the ship's hull for the ship's operators and owners and other agencies, like insurance companies and government agencies. The rising ship repair and maintenance supply chains, growing demand for new ships and operations, expanding sea routes as a result of recent economic booms, and increased vessel construction are contributing to the market's expansion.
During the forecast period, the demand for ship repair and maintenance is expected to continue to climb. Industry service providers are offering non-destructive testing in order to obtain connections from ship owners or operations, which is assisting the market's expansion. Also, the regions in shipping and maritime applications are continuing to rise as the number of key players has increased significantly, thus propelling the industry's expansion.
Ship owners, customers, government agencies, and insurance companies benefit from the advancement in ship hull inspection services, which now include fully automated ultrasonic scanning examination. This has increased the demand for ship hull inspection services and reduced the future spending on costly repairs.
Drones have recently been tried for shipping hull inspection savvies in Japan, which is a current trend. Unmanned vehicles for ship hull inspection and vessel maintenance have been developed by leading Japanese companies. The use of such equipment minimises the number of divers needed for hull surveys and repairs. In addition to that, software providers offer solutions for monitoring the condition of a ship's hull and other machinery. This has further supported in the growth of the global ship hull inspection services market.
The market report analyses the market based on segmentations such as inspection types, applications, and major regions.
Market Breakup by Inspection Type
Market Breakup by Application
Market Breakup by Region
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry.
Some of the major players in the market explored in the report are:
Key Topics Covered:
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Ship Hull Inspection Services Market Analysis
8.1 Key Industry Highlights
8.2 Global Ship Hull Inspection Services Historical Market (2017-2021)
8.3 Global Ship Hull Inspection Services Market Forecast (2022-2027)
8.4 Global Ship Hull Inspection Services Market by Inspection Type
8.4.1 General Corrosion / Pitting and Grooving / Coating Condition
8.4.2 Deformation / Fractures
8.4.3 Cleanliness
8.5 Global Ship Hull Inspection Services Market by Application
8.5.1 Cruise Ships
8.5.2 Commercial Vessels
8.5.3 Container Ships
8.5.4 Naval Ships / Military Vessels
8.5.5 Offshore Oil and Gas Ships
8.6 Global Ship Hull Inspection Services Market by Region
9 Regional Analysis
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter's Five Forces Analysis
11 Competitive Landscape
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