DUBLIN--(BUSINESS WIRE)--The "Oil And Gas Global Market Report 2022, By Type, Drilling Type, Application" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global oil and gas market as it emerges from the COVID-19 shut down.
The global oil and gas market is expected to grow from $6,098.98 billion in 2021 to $6,819.04 billion in 2022 at a compound annual growth rate (CAGR) of 11.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $10,376.28 billion in 2026 at a CAGR of 11.1%.
Companies Mentioned
Reasons to Purchase
The oil and gas market consists of sales of oil and gas by entities (organizations, sole traders or partnerships) that undertake the exploration for, extraction, drilling, and refining, of oil and gas and some of its derivatives. This market does not include petrochemicals.
The main types are oil & gas upstream activities; oil downstream products. Oil and gas upstream activities include exploration activities, such as creating geological surveys and obtaining land rights and production activities, such as onshore and offshore drilling. The various drilling types include offshore; onshore that are used for residential, commercial, institutions and other applications.
Asia Pacific was the largest region in the oil and gas market in 2021. North America was the second largest region in the oil and gas market. The regions covered in the oil and gas market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Low interest rates in most developed countries will positively impact the oil and gas industry during the forecast period. For instance, in 2019, the European Central Bank decreased interest rates to -0.5% on deposits from banks to encourage lending. This created a flow of cheap money for investment, both in developed and developing economies. It also encouraged borrowing and discouraged saving in advanced markets, helping to drive spending. Oil and gas companies were able to borrow more money for process improvements and expansion projects, thus driving the market during this period.
Oil price volatility is likely to have a negative impact on the market as significant decline and increase in oil prices negatively impacts the government and consumer spending. The decline in oil prices is having a negative impact on government spending in countries such as Saudi Arabia, Nigeria and the UAE (United Arab Emirates) which are largely dependent on revenues generated through crude oil exports; whereas significant increase in oil prices had resulted in rising inflation, current account deficit and fiscal deficit in countries such as India and China, which predominantly import oil. For instance, the Saudi government is expected to cut down its spending from 1.05 trillion riyals ($280 billion) in 2019 to 1.02 trillion riyals ($270 billion) in 2020, to 955 billion riyals ($255 billion) by 2022, due to significant decline in revenues generated from oil exports, thereby affecting the market. This high volatility in oil prices is expected to negatively impact the market going forward.
Major companies in the oil and gas industry are looking into big data analytics and artificial intelligence (AI) to enhance decisions making abilities and thus drive profits. The companies in this industry gather huge amounts of raw data relating to the working of refineries, pipelines and other infrastructure through a large number of sensors placed across the oil rig. Using big data analytics, the companies can detect patterns which can allow them to quickly react to unwanted changes or potential defects, thus saving costs. AI allows the companies to take better drilling and operational decisions. Companies such as ExxonMobil and Shell have been increasingly investing in AI technology to have a centralized method of data management and support data integration across multiple applications.
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DUBLIN--(BUSINESS WIRE)--The "Pipeline Transport Global Market Report 2022: By Solutions, By Services" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global pipeline transport market as it emerges from the COVID-19 shut down.
The global pipeline transport market is expected to grow from $124.71 billion in 2021 to $136.2 billion in 2022 at a compound annual growth rate (CAGR) of 9.2%. The market is expected to grow to $183.29 billion in 2026 at a compound annual growth rate (CAGR) of 7.7%.
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The pipeline transport market consists of sales of pipeline transportation services and related goods by entities (organizations, sole traders, and partnerships) that use transmission pipelines to transport various products, such as crude oil, natural gas, refined petroleum products, and slurry.
The main types in the pipeline transport market are crude oil pipeline transport, natural gas pipeline transport, refined petroleum products pipeline transport, and other pipeline transport. The refined petroleum products pipeline transport uses transmission pipelines to transport refined petroleum products. The market is segmented by solutions into security solutions, automation and control, integrity and tracking solution, network communication solution, and others and by services into consulting service, managed service, and maintenance and support.
North America was the largest region in the pipeline transport market in 2021. Asia Pacific was the second largest region in the pipeline transport market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pipeline transportation companies are using augmented reality for efficient maintenance operations. Augmented reality (AR) is the technology of combining real-world images, video, etc. with computer-generated information and/or imagery being viewed through an output including a monitor, headset, etc. AR overlays digital elements onto the physical world, typically using a headset or tablet that the user can point toward real-life objects. In the pipeline transportation industry, AR headsets that clip onto hard hats can project hands-free instructions a technician needs onto equipment to conduct an inspection or maintain a system. AR animations dramatically boost efficiency and reduce errors and uncertainty by showing the necessary steps, tools, and parts.
The countries covered in the pipeline transport market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam.
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DUBLIN--(BUSINESS WIRE)--The "Oil & Gas Upstream Activities Global Market Report 2022, By Type, Drilling Type, End-User" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global oil & gas upstream activities market as it emerges from the COVID-19 shut down.
The global oil & gas upstream activities market is expected to grow from $3,567.49 billion in 2021 to $3,934.81 billion in 2022 at a compound annual growth rate (CAGR) of 10.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $5,663.36 billion in 2026 at a CAGR of 9.5%.
Companies Mentioned
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The oil and gas upstream activities market consists of sales of crude oil and natural gas by entities (organizations, sole traders or partnerships) that undertake the pre-refining activities of crude oil and natural gas production.
The main types of oil and gas upstream activities are crude oil, natural gas, oil and gas wells drilling services, oil and gas supporting activities. Crude oil is a naturally occurring petroleum product made up of hydrocarbon deposits and other organic materials that is extracted from the earth and refined into gasoline, jet fuel, and other petroleum products. The different drilling types include offshore, onshore and is used by various sectors such as crude petroleum comprises, natural gas extraction comprises
Asia Pacific was the largest region in the oil & gas upstream activities market in 2021. North America was the second largest region in the oil & gas upstream activities market. The regions covered in the oil & gas upstream activities market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Oil and gas extraction companies around the world are investing heavily in digital oilfield technology to enhance oil and gas production. Digital oil fields integrate advanced software, hardware, and data analysis techniques to collect real-time data from the oilfield. They consist of visualization, product surveillance, integrated decision making, and remote communication systems. Digital technologies in oil fields include high-performance drill bits, advanced electrical submersible pumps, and 3D seismic imaging and reservoir modelling.
Oilfields digitization facilitates efficient utilization of human resources and thus optimizes the profitability of oil production. This technology is changing the competitive landscape with a fact that an increase in production efficiency by ten percentage points can yield an impact of $220 million to $260 million on the bottom-line. According to IHS CERA, digital oilfield implementation leads to increase in oil production by 2 to 8% and reduction in operating expense by 5 to 25%. For Instance, some of the major companies investing in digital oilfields include Noble Corp, Statoil and Apache Corp.
Oil and gas well drilling companies are adopting 3D visualization systems to reduce project cycle times and increase drilling accuracy. 3D visualization system generates a 3D model of a wellbore and real-time drilling data to monitor and optimize drilling process. This system facilitates automatic diagnosis of drilling problems and improves and streamlines collaboration by allowing geoscientists and drilling engineers to virtually locate, see, and test drilling sites, resulting in significant cost savings of up to 20% and reduction in non-productive drilling time by 20%.
These systems are integrated with asset teams by means of software, thus facilitating precise and accurate placement of drill sites. For Instance, some of the major companies offering 3D visualization technology companies include eDrilling, Hexagon, Mechdyne and Landmark.
Oil and Gas Wells Drilling Service providers are using seismic technology to map and interpret potential hydrocarbon reserves. 4D seismic technology is used to track the change in the physical properties of the reservoir rocks which are caused due to changes in reservoir pressure, temperature and fluid saturation.
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DUBLIN--(BUSINESS WIRE)--The "Oil & Gas EPC Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global oil & gas EPC market reached a value of US$ 44.70 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 62.34 Billion by 2027 exhibiting a CAGR of 5.40% during 2022-2027.
Companies Mentioned
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Oil and gas, engineering, procurement, and construction (EPC) is a contract-based model that delivers a package of resources to complete infrastructure projects. The contractor carries out designing and detailed layout, onsite assembly, functional testing, procurement of equipment material, and manufacturing of systems. Oil and gas sectors rely on EPC contractors for long-term and large-scale projects that require skilled professional labor and fine-tuned project management. EPC contractors specialize in designing plans for aboveground storage tanks, power generation environmental controls, natural gas processing facilities, industrial power distribution, and material handling. It offers enhanced performance, flexibility, cost-effectiveness, and a single point of responsibility. EPC establishes a communication channel that allows the owners to manage all the relationships and infrastructure projects.
The significant expansion in the oil and gas industry across the globe is one of the key factors driving the market growth. EPC is widely adopted for designing and project execution, such as building storage systems, drilling platforms, and advanced systems for exploration. In line with this, the rising power consumption, increasing population, and initiatives undertaken by the governments to generate electricity from renewable resources are favoring the market growth. Moreover, various technological advancements, such as the integration of the Internet of Things (IoT) for EPC contractors, are providing an impetus to the market growth.
Additionally, the increasing demand for oil and gas EPC in the upstream sector as it offers fewer complexities, more accessibility to sites, lower investment requirement, and lower risk is positively impacting the market growth. Apart from this, the rapidly expanding automotive industry, the growing consumption of petroleum products, such as petrol, diesel, and CNG, and the implementation of various government initiatives to promote the oil and gas projects are creating a positive outlook for the market.
Key Questions Answered in This Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Oil & Gas EPC Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Sector
7 Market Breakup by Service Type
8 Market Breakup by Location
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/khavv1
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DUBLIN--(BUSINESS WIRE)--The "Building Panels Market Research Report by Type (Concrete Panels, Metal Panels, and Structural Insulated Panels), Raw Material, End User, Application, State - United States Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The United States Building Panels Market size was estimated at USD 26,217.66 million in 2020, USD 27,111.40 million in 2021, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.13% to reach USD 33,434.48 million by 2026.
In this report, the years 2018 and 2019 are considered historical years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2026 are considered the forecast period.
Cumulative Impact of COVID-19:
The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.
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.
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.
Competitive Scenario:
The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor's strength and weakness thereby, providing insights to enhance product and service.
Company Usability Profiles:
Key Topics Covered:
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increased Investment in Residential Sector and Private Sector
5.1.1.2. Need for Efficient, Quality Construction at Lower Cost
5.1.2. Restraints
5.1.2.1. Structural Limitations of Building Panels
5.1.3. Opportunities
5.1.3.1. Advent of Energy Saving and Green Construction Materials
5.1.3.2. Rise in Infrastructure Spending by the U.S. Government
5.1.4. Challenges
5.1.4.1. Stringent Building Regulations in the U.S.
5.2. Cumulative Impact of COVID-19
6. Building Panels Market, by Type
6.1. Introduction
6.2. Concrete Panels
6.3. Metal Panels
6.4. Structural Insulated Panels
6.5. Vacuum Insulated Panels
6.6. Wood Panel
7. Building Panels Market, by Raw Material
7.1. Introduction
7.2. Concrete
7.3. Metal
7.4. Plastic
7.5. Silica
7.6. Wood
8. Building Panels Market, by End User
8.1. Introduction
8.2. Columns & Beams
8.3. Floors & Roofs
8.4. Staircase
8.5. Wall
9. Building Panels Market, by Application
9.1. Introduction
9.2. Commercial Construction
9.3. Non-residential
9.4. Residential
9.4.1. Condominium
9.4.2. Single-Family Home
9.4.3. Townhouse
10. California Building Panels Market
11. Florida Building Panels Market
12. Illinois Building Panels Market
13. Michigan Building Panels Market
14. New York Building Panels Market
15. Ohio Building Panels Market
16. Texas Building Panels Market
17. Wisconsin Building Panels Market
18. Competitive Landscape
18.1. FPNV Positioning Matrix
18.2. Market Ranking Analysis
18.3. Market Share Analysis, By Key Player
18.4. Competitive Scenario
19. Company Usability Profiles
For more information about this report visit https://www.researchandmarkets.com/r/v5meb
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Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Autonomous Ship Market: Trends, Opportunities and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
The future of the solar silicon wafer market looks promising with opportunities in PV modules, inverters, solar cells, solar racking systems, and solar batteries.
The global solar silicon wafer market is expected to grow with a CAGR of 10% to 12% from 2022 to 2027. The major drivers for this market are increasing capacity of solar power generation across the globe, stringent government regulations towards carbon emission, and growing development of large sized silicon wafers.
Siltronic AG, SK Siltron Co. Ltd., Shin-Etsu Handotai, SUMCO Corporation, and GlobalWafers Co. Ltd. are among the major solar silicon wafer manufacturers.
A more than 150 page report has been developed to help in your business decisions. To learn the scope of, benefits, companies researched, and other details of solar silicon wafer market report, then read this report.
The study includes trends and forecast for the global solar silicon wafer market by type, application, and region.
This report answers the following 11 key questions
Q.1 What are some of the most promising potential, high-growth opportunities for the global solar silicon wafer market by type (monocrystalline wafers and polycrystalline wafers), application (PV modules, inverters, solar cells, solar racking systems, and solar batteries), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the solar silicon wafer market?
Q.5 What are the business risks and threats to the solar silicon wafer market?
Q.6 What are emerging trends in this solar silicon wafer market and the reasons behind them?
Q.7 What are some changing demands of customers in the solar silicon wafer market?
Q.8 What are the new developments in the solar silicon wafer market? Which companies are leading these developments?
Q.9 Who are the major players in the solar silicon wafer market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the solar silicon wafer market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the solar silicon wafer market?
Key Topics Covered:
1. Executive Summary
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2016 to 2027
3.1: Macroeconomic Trends (2016-2021) and Forecast (2022-2027)
3.2: Global Autonomous Ship Market Trends (2016-2021) and Forecast (2022-2027)
3.3: Global Autonomous Ship Market by Autonomy
3.3.1: Fully Autonomous
3.3.2: Remote Operations
3.3.3: Partial Automation
3.4: Global Autonomous Ship Market by Ship Type
3.4.1: Commercial
3.4.2: Defense
3.5: Global Autonomous Ship Market by End Use Industry
3.5.1: Linefit
3.5.2: Retrofit
3.6: Global Autonomous Ship Market by Solution
3.6.1: Systems
3.6.2: Software
3.6.3: Structures
4. Market Trends and Forecast Analysis by Region from 2016 to 2027
4.1: Global Autonomous Ship Market by Region
4.2: North American Autonomous Ship Market
4.2.1: Market by Autonomy
4.2.2: Market by Ship Type
4.3: European Autonomous Ship Market
4.3.1: Market by Autonomy
4.3.2: Market by Ship Type
4.3.3: Market by End Use Industry
4.4: APAC Autonomous Ship Market
4.4.1: Market by Autonomy
4.4.2: Market by Ship Type
4.5: ROW Autonomous Ship Market
4.5.1: Market by Autonomy
4.5.2: Market by Ship Type
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Geographical Reach
5.3: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Autonomous Ship Market by Autonomy
6.1.2: Growth Opportunities for the Global Autonomous Ship Market by Ship Type
6.1.3: Growth Opportunities for the Global Autonomous Ship Market by End Use Industry
6.1.4: Growth Opportunities for the Global Autonomous Ship Market by Solution
6.1.5: Growth Opportunities for the Global Autonomous Ship Market by Region
6.2: Emerging Trends in the Global Autonomous Ship Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Autonomous Ship Market
6.3.3: Technology Development
6.3.4: Mergers and Acquisitions in the Global Autonomous Ship Industry
7. Company Profiles of Leading Players
7.1: ABB
7.2: Honeywell International
7.3: Rolls-Royce
7.4: Wartsila
7.5: Northrop Grumman
7.6: Marine Technologies
7.7: Ulstein
7.8: Kongsberg
For more information about this report visit https://www.researchandmarkets.com/r/n704c6.
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HALIFAX, Nova Scotia--(BUSINESS WIRE)--Fourth paragraph, first sentence of release should read: Thursday, May 26, 2022, at 2:00 p.m. Atlantic (1:00 p.m. Eastern) (instead of 3:00 p.m. Eastern).
The updated release reads:
EMERA TELECONFERENCE ON MAY 13 TO DISCUSS Q1 2022 RESULTS AND ANNUAL GENERAL MEETING ON MAY 26
Today Emera (TSX: EMA) announced that it will release its Q1 2022 results on Friday, May 13, 2022, before markets open. The Company will host a teleconference and webcast the same day at 9:30 a.m. Atlantic (8:30 a.m. Eastern) to discuss the results.
Analysts and other interested parties in North America are invited to participate by dialing 1-866-521-4909. International parties are invited to participate by dialing 1-647-427-2311. Participants should dial in at least 10 minutes prior to the start of the call. No pass code is required.
A live and archived audio webcast of the teleconference will be available on the Company's website, www.emera.com. A replay of the teleconference will be available two hours after the conclusion of the call by dialing 1-800-585-8367 or 1-416-621-4642 and entering pass code 2094713.
Emera will hold its Annual General Meeting on Thursday, May 26, 2022, at 2:00 p.m. Atlantic (1:00 p.m. Eastern) at the Canadian Museum of Immigration at Pier 21, 1055 Marginal Road, Halifax, Nova Scotia.
You may participate and vote by attending the meeting in person. As an alternative, Emera is pleased to provide registered shareholders and proxyholders with the ability to participate in the meeting by webcast and exercise voting rights electronically during the meeting. In this way, shareholders will have an equal opportunity to participate at the meeting regardless of their geographic location. To participate virtually in the meeting, visit https://web.lumiagm.com/424923112 and use password: emera2022 (case sensitive).
Protecting the health and safety of shareholders, our team and the community is our top priority. Emera will follow directives under the Nova Scotia Health Protection Act and Emergency Management Act regarding the global COVID-19 pandemic in effect at the time of the meeting, which may include limits on gathering and may impose masking and social distancing requirements. Please monitor Emera’s website at www.emera.com for information and updates in this regard.
About Emera Inc.
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $34 billion in assets and 2021 revenues of more than $5.7 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments in Canada, the United States and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F, EMA.PR.H, EMA.PR.J and EMA.PR.L. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional information can be accessed at www.emera.com or at www.sedar.com.
Emera Inc.
Investor Relations
Dave Bezanson VP, Investor Relations & Pensions
902-474-2126
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TORONTO--(BUSINESS WIRE)--dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") and Galaxy Power Inc. ("Galaxy Power") applaud the recently announced changes proposed in the Canadian Government’s Budget of April 7, 2022 (“Budget 2022”) regarding the creation of a 30% new Tax Credit for Investments in Clean Technology focused on net-zero technologies, battery storage and clean hydrogen, the new 30% Critical Mineral Exploration Tax Credit and certain other provisions relating to expanding clean technology tax incentives associated with flow through shares, including the expansion of Class 43.1 and 43.2 Canadian Renewal and Conservation Expense (“CRCE”) tax definitions, and certain new deductions (collectively the “Clean Tech Incentives”).
Successful Consultative Meetings:
dynaCERT and Galaxy Power and their principals have been meeting for more than two (2) years with cabinet ministers, elected Members of Parliament, as well as senior officials within the government to advance, and assist with, the implementation of Clean Technology tax deferrals and tax credits. dynaCERT and Galaxy Power have had face-to-face meetings, conversations and correspondence with political parties on all sides to help bring Clean Technology tax incentives to fruition.
Foreseeable Future Economic Benefit:
Budget 2022, and its corresponding proposals for Clean Tech Incentives, were endorsed by The Right Honourable Justin Trudeau, Canada’s Prime Minister and leader of the Liberal Party of Canada, The Honourable Chrystia Freeland, Canada’s Deputy Prime Minister and Minister of Finance, The Honourable Steven Guilbeault, Environment and Climate Change Minister, and The Honourable Omar Alghabra, Minister of Transport, among many other dignitaries.
Accordingly, Galaxy Power and dynaCERT welcomes the Clean Tech Incentives as lasting strong evidence of an obvious, clear, irrefutable and unequivocal “foreseeable future economic benefit” for all Canadians and to such Canadian participants such as dynaCERT and Galaxy Power.
Support for Continued Government Consultation:
dynaCERT and Galaxy Power continue to support the government’s openness in a consultative process on the design details of the tax matters in Clean Technology and see consultative measures as a rational and important step to continue to expand Clean Technology Flow Through Shares.
Clean Technology Incentives Reduce GHG’s:
The new Clean Tech Incentives can enhance the financial potential of fast-growing Clean Technology companies that foster Clean Technology in Canada to reduce global Greenhouse Gas Emissions (“GHG’s”).
Enhancing Growth of Canadian Companies:
Galaxy Power and dynaCERT believe that the Clean Tech Incentives in Budget 2022, along with the Budget 2021 proposed expanded Clean Technology Flow Through Share policy, when successfully implemented, can greatly enhance the much-needed financing capabilities of Clean Technology companies in Canada while at the same time contributing to the Canadian Government’s objectives of reducing Canadian GHG’s and enhancing rapid Canadian economic growth from coast to coast.
The Clean Tech Incentives in Budget 2022 are seen as being in accordance with the objectives of the Paris Agreement of the United Nations, which is a legally binding international treaty on climate change.
Importance of Tax Incentives:
As opposed to government grants, significant tax credits and Clean Tech Incentives as the ones contained in Budget 2022 bring to the private sector the impetus to make business decisions based on reducing GHG’s and places the incentive to invest in Clean Technology on the private sector while using private sector capital as opposed to direct investing by governments.
The new Clean Tech Incentives clearly demonstrate the Federal Government’s recognition of the need to involve private sector capital to combat GHG’s.
This involvement of private sector capital is seen as consistent with, and an important precursor to, a continued expansion of Clean Technology Flow Through Share policy which could bring vast amounts of additional capital from the Capital Markets in Canada.
Creation of Jobs Throughout Canada:
Galaxy Power and dynaCERT believe that Clean Tech Incentives can create numerous jobs across the nation, for individual workers, scientists, engineers, researchers, entrepreneurs as well as start-ups and large multinationals, and many other contributors, of all employment ages, in urban and remote areas of Canada.
Galaxy Power has indicated in its talks with government officials that thousands of jobs have been created with the multiple Billions of dollars of the national Mining and Oil & Gas investments attributed to Flow Through Shares which were first magnificently instituted by successive Canadian Governments since approximately four (4) decades ago and endorsed by successive Provincial Governments.
Jean-Pierre Colin, President & CEO of Galaxy Power stated, “The historic changes contributing to the new Clean Tech Incentives contained in Budget 2022 are very significant for all Canadians. Galaxy Power warmly thanks and applauds the Canadian Government and all of the politicians and Members of Parliament and the senior government officials who put forward strong climate change action by endorsing new Clean Tech Incentives.
In addition to the well-meaning but financially limited ability of governments, the larger collective economic might of the Canadian Capital Markets is required in order to address the risky challenges of financing the urgent high-priced fight against GHG’s. The expansion of Clean Technology Flow Through Share tax provisions has potential to attract the numerous Capital Market participants to become directly involved. Galaxy Power recognizes with pronounced esteem the vital efforts of all the non-partisan participants throughout all of Canada who continually foster the significance and expansion of eligibility of Clean Technology Flow Through Shares.”
Jim Payne, President & CEO of dynaCERT stated, “As the owner of 20% of Galaxy Power, dynaCERT is very pleased with the proposed New Tax Credit for Investments in Clean Technology of Budget 2022. This successful endeavour, supported by dynaCERT and Galaxy Power, may have a historical significance one day in Canadian financial history. The long efforts of the entire team at Galaxy Power in furthering the new Clean Tech provisions under Budget 2022 have been endorsed by the entire Canadian Government and we thank governments and parliamentarians for their availability and understanding. dynaCERT also thanks Galaxy Power for their tenacious initiative which can have long lasting economic benefits to dynaCERT.”
About Flow Through Shares
Clean Technology Flow Through Shares can enhance the non-government private sector in Canada to contribute to the international battle against climate change without the reliance on government grants. For more information on the subject of Flow Through Shares, please see the numerous Government of Canada web sites on the subject, including the one below:
About Galaxy Power Inc.
Please see: www.galaxypower.ca
About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment, marine vessels and railroad locomotives. Website: www.dynaCERT.com.
READER ADVISORY
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to completion of the Offering, satisfaction of TSX listing conditions and regulatory approvals. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
This Press Release should not be construed as tax advice nor investment advice. Readers are advised that they should consult their own tax advisors and investment advisors in regard to any investment related to Flow Through Shares or investments in Clean Technology Companies.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.
On Behalf of the Board
Murray James Payne, CEO
For more information:
Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
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Investor Relations
dynaCERT Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
nmassicotte@dynaCERT.com
FRAMINGHAM, Mass.--(BUSINESS WIRE)--#carbonreduction--Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced updates on recent communications with the battery supplier for Ameresco’s battery energy storage systems (BESS) projects with Southern California Edison Company (SCE). Due to the COVID-19 lockdowns in several regions around China, the supplier has indicated to Ameresco an adverse impact on the supplier’s ability to deliver batteries on the agreed upon timeline. In addition, newly implemented Chinese transportation safety policies may cause delays in the shipment of a portion of the batteries.
Ameresco has been evaluating the circumstances described in the supplier’s communications as well as the impact they may have on the timeline for the BESS projects. Although these circumstances may prevent Ameresco from fully completing all three BESS projects by August 1, 2022, Ameresco believes that the events described in the communications constitute force majeure events under Ameresco’s Turnkey Engineering, Procurement, Construction and Maintenance Agreement dated October 20, 2021 with SCE (the “EPCM Agreement”). Ameresco has accordingly notified SCE and is in communications with SCE and the supplier about the circumstances. Under the EPCM Agreement, the guaranteed substantial completion date for the BESS projects can be extended without the imposition of liquidated damages in the event of a force majeure event.
Against market challenges, significant milestones have already been achieved in the BESS projects, including securing high and medium voltage transformers, auxiliary transformers, inverters, all switchgear and ancillary equipment. Construction related activities are proceeding at all project sites in preparation for battery delivery. Ameresco is also actively working with its suppliers and SCE to avoid or mitigate potential delays, including working with the Port of Long Beach on expedited ship and container handling.
Ameresco continues to monitor developments in China and their potential effects on the BESS projects. Based on its current visibility, Ameresco does not expect potential battery supply delays to materially impact 2022 results and reaffirms the annual earnings guidance announced on February 28, 2022.
Ameresco expects to provide further updates and outlook regarding the BESS projects, when it announces financial results for the quarter ended March 31, 2022 in early May.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and Europe. Ameresco’s sustainability services in support of clients’ pursuit of Net-Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,200 employees providing local expertise in the United States, Canada, and Europe. For more information, visit www.ameresco.com.
Forward Looking Statements
Any statements in this filing about future expectations, plans and prospects for Ameresco, Inc., including statements about expected future financial results, the expected timeline of SCE Project and the nature and duration of the circumstances surround the project, and other statements containing the words “projects,” “believes,” “anticipates,” “plans,” “expects,” “will” and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward looking statements as a result of various important factors, including the timing of, and ability to, enter into contracts for awarded projects on the terms proposed or at all; the timing of work we do on projects where we recognize revenue on a percentage of completion basis, including the ability to perform under recently signed contracts without delay; demand for our energy efficiency and renewable energy solutions; our ability to arrange financing to fund our operations and projects and to comply with covenants in our existing debt agreements; changes in federal, state and local government policies and programs related to energy efficiency and renewable energy and the fiscal health of the government; the ability of customers to cancel or defer contracts included in our backlog; the effects of our acquisitions and joint ventures; seasonality in construction and in demand for our products and services; a customer’s decision to delay our work on, or other risks involved with, a particular project; availability and costs of labor and equipment particularly given global supply chain challenges; our reliance on third parties for our construction and installation work; the addition of new customers or the loss of existing customers including our reliance on the agreement with SCE for a significant portion of our revenues in 2022; the impact from Covid-19 on our business and the SCE project; market price of the Company's stock prevailing from time to time; the nature of other investment opportunities presented to the Company from time to time; the Company's cash flows from operations; cybersecurity incidents and breaches; and other factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2021, filed with the U.S. Securities and Exchange Commission (SEC) on March 1, 2022. The forward-looking statements included herein represent our views as of the date hereof. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date hereof.
Media Relations
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Investor Relations
Eric Prouty, AdvisIRy Partners, 212.750.5800, This email address is being protected from spambots. You need JavaScript enabled to view it.
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TEMPE, Ariz.--(BUSINESS WIRE)--Atwell, LLC is pleased to welcome Azeez John (AJ) Saliba, PE to its team as Senior Project Manager in our real estate and land development division. Based in Atwell’s Tempe, Arizona office, AJ will be responsible for guiding his team’s deliverables in the southwest region and beyond, providing quality control, managing project teams and client relationships, and promoting and expanding Atwell’s water resources operations.
AJ’s career spans more than 25 years, with extensive experience in planning, engineering design, and construction of multiple public works and land development projects related to water, sewer and drainage. Prior to joining Atwell, AJ was a key leader for the past 17 years where he was responsible for managing a multi-disciplined group of technical professionals. He has served as Team Leader and Lead Water/Sewer and Drainage Disciplines Engineer on major projects across the United States and internationally, including Drainage Lead for the TI program with the border patrol (designing roads and fences with Mexico) where he coordinated with different government agencies for approval and permitting, and W/WW Team Lead for multiple sewer line projects, water distribution networks, and lift stations for multiple cities and towns across the US.
AJ also worked for seven years in Indiana and one year in France, working as a Project Engineer on multiple water, sewer, storm, and treatment plants projects, including feasibility studies and master planning. He earned his Master of Science degree in Civil and Environmental Engineering at the University of Dayton in Dayton, Ohio and his Bachelor of Science degree in Civil Engineering at the University of Saint Joseph in Beirut, Lebanon. He is a registered Professional Engineer in Arizona, California, Indiana, and Texas and is a certified Project Management Professional.
“AJ is an accomplished leader with extensive experience in both public and private projects. His knowledge and experience in engineering, project management, and leadership in the field of water, sewer, drainage, and treatment plants makes him a great addition to our team,” said Atwell Vice President Mark Borushko.
Atwell, LLC is a national consulting, engineering, and construction services firm with technical professionals located across the country. Creating innovative solutions for clients in industries such as real estate and land development, power and energy, and oil and gas, Atwell provides comprehensive turnkey services including land and right-of-way support, planning, landscape architecture, engineering, land surveying, environmental compliance and permitting, and project and program management.
Timothy Augustine, Senior Vice President
ATWELL, LLC
248.447.2005
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ANNAPOLIS, Md.--(BUSINESS WIRE)--Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“Hannon Armstrong” or the “Company”) (NYSE: HASI), a leading investor in climate solutions, today announced that it has priced its private offering of $200 million in aggregate initial principal amount of 0.00% green exchangeable senior notes due 2025 (the “Notes”) by its indirect subsidiaries, HAT Holdings I LLC (“HAT I”) and HAT Holdings II LLC (“HAT II,” and together with HAT I, the “Issuers”). At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P. and Hannon Armstrong Capital, LLC, and will be exchangeable for the Company’s common stock under certain circumstances. The settlement of the Notes is expected to occur on April 13, 2022, subject to customary closing conditions.
Upon any exchange of the Notes, holders will receive a number of shares of the Company’s common stock equal to the product of (i) the aggregate initial principal amount of Notes to be exchanged, divided by $1,000 and (ii) the applicable exchange rate, which will initially be 17.6873, equivalent to an initial exchange price of approximately $56.54 per share, plus cash in lieu of fractional shares. The exchange price represents a premium of approximately 32.50% above the last reported sale price of the Company’s common stock on the New York Stock Exchange on April 7, 2022. The Notes will not bear regular interest and the principal amount of the Notes will accrete at a rate that provides holders with an aggregate yield to maturity of 3.25% if the Notes are not exchanged for the Company’s common stock at or prior to maturity. The exchange rate for the Notes will not increase on account of the accretion of the Notes’ principal amount. The shares of the Company’s common stock issuable upon exchange of the Notes will have certain registration rights. The Issuers have granted to the initial purchasers of the Notes an option to purchase, during the 13-day period beginning on, and including the first date on which the Notes are issued, up to $30 million additional aggregate initial principal amount of the Notes.
The Company intends to utilize the net proceeds of this offering to acquire or refinance, in whole or in part, new and/or existing eligible green projects, which include assets that are neutral to negative on incremental carbon emissions. In addition, these eligible green projects may include projects with disbursements made during the twelve months preceding the issue date of the Notes and those with disbursements to be made following the issue date. Prior to the full investment of such net proceeds, the Company intends to invest such net proceeds in interest-bearing accounts and short-term, interest-bearing securities which are consistent with the Company’s intention to continue to qualify for taxation as a REIT.
The Notes and the related guarantees are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Notes and the related guarantees will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from the registration requirements of the Securities Act or any state securities laws.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, these securities, 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.
About Hannon Armstrong
Hannon Armstrong (NYSE: HASI) is the first U.S. public company solely dedicated to investments in climate solutions, providing capital to assets developed by leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $8 billion in managed assets as of December 31, 2021, our core purpose is to make climate positive investments with superior risk-adjusted returns.
Forward-Looking Statements
Some of the information in this press release contains 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. When used in this press release, words such as “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “may,” “target,” or similar expressions, are intended to identify such forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption “Risk Factors” included in the Company’s Annual Report on Form 10-K for the Company’s fiscal year ended December 31, 2021, which was filed with the U.S. Securities and Exchange Commission (“SEC”), as well as in other reports that the Company files with the SEC.
Forward-looking statements are based on beliefs, assumptions and expectations as of the date of this press release. The Company disclaims any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events or circumstances after the date of this press release.
INVESTOR RELATIONS INQUIRIES
Neha Gaddam
410-571-6173
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FORT WORTH, Texas--(BUSINESS WIRE)--Clearfork Midstream LLC (“Clearfork”) today announced it has added two senior management professionals to its leadership team, secured two new commercial agreements with natural gas producers and has begun several optimization projects to upgrade service for its existing customers. The announcement follows Clearfork’s recent acquisition of a natural gas gathering and treating platform that serves core areas of the Haynesville Shale formation and includes more than 500 miles of pipelines and 1.2 billion cubic feet per day of treating capacity across systems in North Louisiana and East Texas.
Management Team Additions
Clearfork is pleased to announce that Will Page has joined the company and will serve as chief financial officer and a member of the board of directors. Mr. Page is an accomplished financial professional with over 23 years of investment banking experience advising energy companies in executing M&A transactions and capital raises. Mr. Page most recently served as managing director with Donovan Ventures, where he played a key role in Clearfork’s formation, financing and platform acquisition.
Clearfork is also pleased to announce that Victor Davis has joined the company as executive vice president of operations. Mr. Davis is an accomplished energy industry professional with over 25 years of operations and project management experience across both the upstream and midstream segments of the oil and gas industry. Mr. Davis has over 15 years of experience operating Clearfork’s acquired midstream assets having previously served as vice president of operations for Azure Midstream and its predecessor TGGT Midstream (a joint venture between EXCO Resources and BG Group) and as director of midstream operations for EXCO Resources.
Mr. Page and Mr. Davis join Chief Executive Officer Kipper Overstreet, Chief Operating Officer George Grau Jr., Chief Commercial Officer Corey Lothamer, and Executive Vice President Kevin Venturini to round out the company’s founding senior management team. Together, the Clearfork management team has more than 105 years of combined midstream oil and gas experience.
“We are very excited to have Will and Victor with us at Clearfork,” said Clearfork CEO Kipper Overstreet. “We are taking a highly proactive approach to customer service and being a trusted midstream partner, including working closely with our customers to develop new opportunities and achieve their production and marketing goals. We’re currently investing in upgrades and expansions to serve our customers’ growing needs. Our management philosophy is pretty simple: we’re here to provide best-in-class resources and solve problems.”
New Commercial Agreements, Optimization Projects
Clearfork has secured two new commercial agreements with natural gas producers for its pipeline and natural gas treating facilities in Louisiana and Texas. The agreements announced today increase Clearfork’s throughput volumes and lay the foundation for building customer relationships and trust. Clearfork’s acquired midstream assets were built for economical treating and compression expansions and are underutilized today relative to historical throughput volumes. As a result, Clearfork is able to offer reliability and downstream market access at competitive rates to customers bringing additional volumes through existing tie-ins.
Clearfork recently launched several optimization projects on its Holly System to upgrade service and run more efficiently for existing customers. These projects include adding new compression capacity and debottlenecking treating facilities to increase capacity and utilization. Clearfork plans to invest additional capital across both its North Louisiana and East Texas systems for efficiency improvements and capacity expansions to match the growing production from the Haynesville Shale.
“On behalf of the Clearfork management team, I would also like to thank and recognize the hard work and excellent safety record of our highly respected field teams who operate our assets in Louisiana and Texas,” Overstreet said. “These experienced professionals are the backbone of our company and are responsible for the safe management and efficient operation of our natural gas treating facilities and pipelines.”
Clearfork is also evaluating new downstream interconnects to provide additional market access and optionality to maximize netbacks for customers. Clearfork currently has nine physical residue gas interconnects with major pipeline systems, including Acadian Gas, Gulf South, ETC Tiger Pipeline, Line CP, Regency Intrastate Gas (RIGs), EnLink LIG, TETCO and NGPL.
About Clearfork Midstream, LLC
Formed in 2020 and based in Fort Worth, Clearfork is a growth-oriented midstream company that provides midstream solutions for oil and gas producers in basins across North America. The company’s vision is to build long-term, mutually beneficial relationships with producers by offering reliable midstream services and a collaborative approach that maximizes the value of production. Services include natural gas gathering, processing, treating, dehydration and compression; natural gas liquids stabilization, handling, fractionation, storage and transportation; crude oil gathering, storage and transportation; and produced water handling and disposal. Clearfork is backed by a $400 million equity commitment from EnCap Flatrock Midstream. For more information, please visit clearforkmidstream.com.
About EnCap Flatrock Midstream
EnCap Flatrock Midstream provides value-added growth capital to proven management teams focused on midstream infrastructure opportunities across North America. The firm was formed in 2008 by a partnership between EnCap Investments L.P. and Flatrock Energy Advisors, LLC. Based in San Antonio with offices in Oklahoma City and Houston, the firm manages investment commitments of nearly $9 billion from a broad group of prestigious institutional investors. EnCap Flatrock Midstream is currently making commitments to management teams from EFM Fund IV, a $3.25 billion fund. For more information, please visit efmidstream.com.
Media Contact:
TEN|10 Group
Bevo Beaven
720.666.5064 m
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Acquisition will bolster Accenture’s ESG measurement and analytics capabilities as converging standards and increased regulation drive client need for accurate data in decision-making
LONDON--(BUSINESS WIRE)--Accenture (NYSE: ACN) has agreed to acquire Avieco, a leading U.K. sustainability consultancy. Upon close of the deal, the acquisition will build on Accenture’s scale and expertise in helping companies across a wide range of sectors to understand, manage and improve their sustainability performance, and create sustainable value for their stakeholders.
The acquisition will strengthen the Accenture Sustainability Value Promise to embed sustainability into everything the company does to create business value and sustainable impact for everyone it serves, at a time when increasing regulation and new standards are expanding the call for accurate data in decision-making by clients across industries.
Avieco’s team of more than 60 professionals, headquartered in London, will bring extensive knowledge in environmental, social and governance (ESG) measurement and reporting, net zero strategy and regulation and real-time data analytics to Accenture’s Sustainability Services in the U.K. Avieco’s expertise in sustainability consulting spans a broad range of industries including retail and consumer goods, financial services, technology and media.
“I am delighted to welcome Avieco to Accenture. Its expertise in helping businesses better measure and drive value and impact from their sustainability initiatives for all stakeholders in response to growing demand for transparency and accountability will make it a great fit for Accenture,” said Toby Siddall, Accenture’s Sustainability Services lead in the U.K. and Ireland. “Effective data analytics and ESG measurement and reporting are vital to driving growth through truly sustainable business models and better decision making. Avieco will enhance our ability to help our clients put sustainability at the heart of their business transformations.”
“Avieco plays a central role in helping businesses in the U.K. and Ireland to create a sustainable, low-carbon economy and society,” said Ben Murray, CEO of Avieco. “Accenture’s commitment to sustainability is strongly aligned to ours and its scale will help us expand our mission to turn sustainability promises into actions. Being part of Accenture will create new opportunities for our people and our combined expertise will help businesses become truly sustainable.”
Accenture Sustainability Services provides distinctive services and solutions for clients to become net-zero and circular businesses, leveraging digital investment to create intelligent organisations that are sustainable at their core. Along with its ecosystem partners and ventures into disruptive technologies, as well as deep functional expertise in CFO & Enterprise Value, Accenture is driving transformations at scale with the tools, technology, and methodologies that embed sustainability data, decision-making and performance to effectively measure business value and sustainable impact for all stakeholders.
“The acquisition of Avieco will underscore our commitment to scale the sustainability services we offer clients and deepen our knowledge and experience,” said Peter Lacy, Accenture’s global Sustainability Services lead, global management committee member and chief responsibility officer. “The extensive experience of Avieco’s team with organisations across the U.K. and Ireland will significantly strengthen our ability to help all clients improve ESG performance and embed sustainability into their core business as it becomes an ever-more important driver of competitiveness.”
Terms of the transaction were not disclosed.
Completion of the acquisition is subject to customary closing conditions.
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 699,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.com.
Forward-Looking Statements
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and similar expressions are used to identify these forward-looking statements. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. Many of the following risks, uncertainties and other factors identified below may be amplified by the invasion of Ukraine by Russia, the sanctions (including their duration), and other measures being imposed in response to this conflict, as well as any escalation or expansion of economic disruption or the conflict’s current scope. These risks include, without limitation, risks that: Accenture and Avieco will not be able to close the transaction in the time period anticipated, or at all, which is dependent on the parties’ ability to satisfy certain closing conditions; the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; Accenture’s business depends on generating and maintaining ongoing, profitable client demand for the company’s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company’s results of operations; if Accenture is unable to match people and skills with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; the COVID-19 pandemic has impacted Accenture’s business and operations, and the extent to which it will continue to do so and its impact on the company’s future financial results are uncertain; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture does not successfully manage and develop its relationships with key alliance partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture’s profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; Accenture might be unable to access additional capital on favorable terms or at all and if the company raises equity capital, it may dilute its shareholders’ ownership interest in the company; as a result of Accenture’s geographically diverse operations and its growth strategy to continue to expand in its key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.
Copyright © 2022 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.
Petra Shuttlewood
Accenture
+44 7887 792214
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DUBLIN--(BUSINESS WIRE)--The "Oil Downstream Activities Global Market Report 2022, By Type, Fraction, Application" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global hydraulic workover unit market.
The global oil downstream activities market is expected to grow from $2,538.57 billion in 2021 to $2,884.23 billion in 2022 at a compound annual growth rate (CAGR) of 13.6%.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4,712.92 billion in 2026 at a CAGR of 13.1%.
Companies Mentioned
Reasons to Purchase
Major players in the oil downstream activities market are Royal Dutch Shell, Exxon Mobil Corporation, China Petroleum & Chemical Corporation, BP Plc, and Chevron.
The oil downstream activities market consists of sales of the post extraction activities for crude oil and natural gas by entities (organizations, sole traders or partnerships) that provide post extraction activities for crude oil and natural gas, including refined petroleum products manufacturing and asphalt, lubricating oil and grease manufacturing.
The main types of oil downstream activities are refined petroleum products manufacturing, asphalt, lubricating oil and grease manufacturing. Refined petroleum products manufacturing include transformation and refining of crude oil into useful products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liquefied petroleum gas, and petroleum naphtha. The different fractions include light distillates, middle distillates, heavy oils and is used in various applications such as crude petroleum comprises, natural gas extraction comprises
North America was the largest region in the oil downstream activities market in 2021. Asia Pacific was the second largest region in the oil downstream activities market. The regions covered in the oil downstream activities market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Refineries are increasingly adopting carbon capture and storage techniques to reduce CO2 emission levels in the atmosphere. This technique involves trapping of CO2 at its emission source and transporting it to a different storage location which is actively monitored and measured. This way CO2 is isolated from the atmosphere, thereby reducing emission levels.
The countries covered in the oil downstream activities market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam.
For more information about this report visit https://www.researchandmarkets.com/r/8lbzcr
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
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PARIS--(BUSINESS WIRE)--Technip Energies (PARIS:TE) will issue its first quarter 2022 financial results on Monday April 25, 2022, at 07:30 CET. The Company will host a results conference call on the same day at 13:00 CET.
To participate in the conference call, please use one of the following telephone numbers and dial in approximately 10 minutes prior to the scheduled start time:
FR: |
+33 1 70 95 03 46 |
UK: |
+44 (0) 2071 928338 |
US: |
+1 646 741 31 67 |
Conference Code: |
1977935 |
The event will be webcast simultaneously and can be accessed at:
https://edge.media-server.com/mmc/p/fg4b68nx
To listen to the webcast, please register on the website at least 10 minutes before the call begins. The webcast will be available on-demand shortly after it has finished.
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The Company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies shares are listed on Euronext Paris. In addition, Technip Energies has a Level 1 sponsored American Depositary Receipts (“ADR”) program, with its ADRs trading over-the-counter. For further information: www.technipenergies.com.
Investor relations
Phil Lindsay
Vice-President Investor Relations
Tel: +44 (0) 20 7585 5051
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Media relations
Stella Fumey
Director Press Relations & Digital Communications
Tel: +33 1 85 67 40 95
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Mark R. Stauffer to Step Down as President and CEO
Company Reaffirms Previously Stated Financial Guidance
HOUSTON--(BUSINESS WIRE)--Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today announced that Austin J. Shanfelter, Chairman of the Board of Directors, has been named interim Chief Executive Officer. Mark R. Stauffer has stepped down as President and CEO, and as a member of the Board, and will serve as an advisor to the Company. Richard L. Daerr, Jr., a current Board member, has been appointed Lead Independent Director, and will not retire at the Company’s 2022 annual meeting of stockholders as previously announced. All appointments are effective immediately.
The Company has retained a leading executive search firm and will initiate a search to identify a permanent CEO.
“On behalf of the entire Board, I want to thank Mark for his valuable contributions and years of service to Orion,” said Mr. Shanfelter. “Since joining the Company in 1999, Mark has been a driving force in positioning Orion for long-term success as the premier specialty contractor in the infrastructure, building and industrial sectors. We wish him all the best in his future endeavors.”
Mr. Shanfelter continued, “I am honored to take on the role of interim CEO and look forward to continuing to work with the talented Board and entire Orion team. Orion is well positioned for 2022 and we remain confident in our previously stated financial guidance for the year of adjusted EBTIDA in the mid-$30 million range. I have tremendous confidence in our business and am optimistic about the opportunities ahead.”
Mr. Stauffer said, “It has been a privilege to lead Orion and this exceptional team. I am proud of all that we have achieved together and confident that the Company is well positioned for the future. I look forward to working with Austin and the team as an advisor to ensure a smooth transition.”
About Orion Group Holdings, Inc.
Orion Group Holdings, Inc., a leading specialty construction company serving the infrastructure, industrial and building sectors, provides services both on and off the water in the continental United States, Alaska, Canada and the Caribbean Basin through its marine segment and its concrete segment. The Company’s marine segment provides construction and dredging services relating to marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. Its concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar, and mesh across the light commercial, structural and other associated business areas. The Company is headquartered in Houston, Texas with regional offices throughout its operating areas.
Forward-Looking Statements
The matters discussed in this press release may constitute or include projections or other forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, the provisions of which the Company is availing itself. Certain forward-looking statements can be identified by the use of forward-looking terminology, such as 'believes', 'expects', 'may', 'will', 'could', 'should', 'seeks', 'approximately', 'intends', 'plans', 'estimates', or 'anticipates', or the negative thereof or other comparable terminology, or by discussions of strategy, plans, objectives, intentions, estimates, forecasts, outlook, assumptions, or goals. In particular, statements regarding future operations or results, including those set forth in this press release and any other statement, express or implied, concerning future operating results or the future generation of or ability to generate revenues, income, net income, profit, EBITDA, EBITDA margin, or cash flow, including to service debt, and including any estimates, forecasts or assumptions regarding future revenues or revenue growth, are forward-looking statements. Forward looking statements also include estimated project start date, anticipated revenues, and contract options which may or may not be awarded in the future. Forward looking statements involve risks, including those associated with the Company's fixed price contracts that impacts profits, unforeseen productivity delays that may alter the final profitability of the contract, cancellation of the contract by the customer for unforeseen reasons, delays or decreases in funding by the customer, levels and predictability of government funding or other governmental budgetary constraints and any potential contract options which may or may not be awarded in the future, and are the sole discretion of award by the customer. Past performance is not necessarily an indicator of future results. In light of these and other uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as a representation by the Company that the Company's plans, estimates, forecasts, goals, intentions, or objectives will be achieved or realized. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company assumes no obligation to update information contained in this press release whether as a result of new developments or otherwise.
Orion Group Holdings Inc.
Francis Okoniewski, Vice President Investor Relations
(346) 616-4138
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www.oriongroupholdingsinc.com
DUBLIN--(BUSINESS WIRE)--The "Growth Opportunities in Tidal Power Generation, Energy Management Systems, Thin-Film Solar Cells, and Sustainable Low-Carbon Fuels" report has been added to ResearchAndMarkets.com's offering.
This edition of the report features deployment of building energy management systems, which reduce energy consumption and maintenance costs.
Companies Mentioned
The TOE covers innovations based on the use of energy-efficient and heat resistant panels made of radiated materials to aid cooling systems. The TOE additionally provides insights on the fabrication of thin-film flexible solar cells, which are extremely scalable and offer high power conversion efficiency. The TOE also provides latest innovations in the installation of floating photovoltaic systems offering higher energy yield, use of hydro-flow turbines for continuous power production, and the production of sustainable fuels from captured carbon dioxide using catalytic technologies.
The Energy and Power Systems TOE provides insights on the latest advances in the broad range of technology related to the energy industry. The topics regularly presented range from energy storage technologies (solid-state batteries, solar chemical storage and other advanced energy storage devices) to non-renewable energy such as oil and gas. Special emphasis is given to emerging areas in the renewable sector such as photovoltaics, wind energy, and geothermal energy, and emerging alternative fuels such as hydrogen, syngas, ethanol and biofuels. The EPS TOE keeps clients abreast of the latest R&D developments at major corporate and academic research centers, provides competitor intelligence and helps create strategic alliances.
The Energy and Environment cluster provides global insights and intelligence on a wide variety of disruptive emerging technologies and platforms ranging from energy storage, advanced batteries, solar and wind energy, to unconventional oil, bioenergy, geothermal energy, and energy transmission.
Key Topics Covered:
Innovations in Tidal Power Generation, Energy Management Systems, Thin-Film Solar Cells, and Sustainable Low-Carbon Fuels
Key Contacts
For more information about this report visit https://www.researchandmarkets.com/r/s9n1dk
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
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
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Thursday, May 5, 2022.
Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M. Owen and Senior Vice President and Chief Financial Officer Steve W. Morris will present an overview of results and other factors affecting performance during a conference call beginning at 10 a.m. Eastern time. Interested parties may listen to the conference live by calling (877) 303-5852 using passcode 7961608, or by accessing the webcast on ALLETE’s website, www.allete.com.
A replay of the call will be available through May 12, 2022, by dialing (855) 859-2056, conference identification number 7961608. The webcast will be accessible for one year at www.allete.com.
ALLETE is an energy company headquartered in Duluth, Minn. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth, BNI Energy in Bismarck, ND, and has an eight percent equity interest in the American Transmission Co. More information about ALLETE is available at www.allete.com. ALE-CORP
Vince Meyer
218-723-3952
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TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) (TSX:SPB):
April 2022 Cash Dividend - $0.06 per share
Superior Plus Corp. (“Superior”) today announced its cash dividend for the month of April 2022 of $0.06 per share payable on May 13, 2022. The record date is April 30, 2022 and the ex-dividend date will be April 28, 2022. Superior’s annualized cash dividend rate is currently $0.72 per share. This dividend is an eligible dividend for Canadian income tax purposes.
Upcoming Release of 2022 First Quarter Results and Conference Call
Superior expects to release its 2022 first quarter results on Tuesday, May 10, 2022 at 4:00 PM EDT. A conference call and webcast to discuss the 2022 first quarter results is scheduled for 10:30 AM EDT on Wednesday, May 11, 2022. To participate in the call, dial: 1-844-389-8661. Internet users can listen to the call live, or as an archived call, on Superior's website at: www.superiorplus.com under the Events section.
Superior Plus Virtual-Only 2022 Annual Meeting of Shareholders
Superior will hold its Annual Meeting of Shareholders (“AGM”) on Tuesday, May 10, 2022 at 4:00 PM EDT. The AGM will be held as a virtual-only meeting, which will be conducted via live video webcast at https://meetnow.global/MHFJQMZ. Participants are recommended to register for the virtual webcast at least 10 minutes before the AGM start time. For further information on Superior’s virtual AGM, please visit superiorplus.com.
About the Corporation
Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing approximately 890,000 customer locations in the U.S. and Canada.
For further information about Superior, please visit Superior’s website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Capital Markets, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll Free: 1-866-490-PLUS (7587).
Forward Looking Information
This news release contains certain forward-looking information and statements that are based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “will”, "expects", "annualized", and similar expressions.
In particular, this news release contains forward-looking statements and information relating to: future dividends which may be declared on Superior’s common shares, the dividend payment, the tax treatment thereof, and the receipt of cash dividends. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release, regarding, among other things: the success of Superior’s operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior’s future results of operations will be consistent with past performance and management expectations in relation thereto; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners and agreements; actions by governmental or regulatory authorities including changes in tax laws and treatment, or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; fluctuations in operating results; labour and material shortages; and certain other risks detailed from time to time in Superior’s public disclosure documents including, among other things, those detailed under the heading "Risk Factors" in Superior’s management's discussion and analysis and annual information form for the year ended December 31, 2021, which can be found at www.sedar.com.
Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.
Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
or
Rob Dorran
Vice President, Capital Markets
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Toll Free: 1-866-490-PLUS (7587).
SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) announced today that it will host its first quarter 2022 financial results conference call on Thursday, May 5th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The Company’s earnings will be released before market open on the same date.
We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10164563/f1eff7c58f. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time.
To participate in CRC’s conference call, either dial (877) 328-5505 (International callers please dial +1-412-317-5421) or access the webcast at www.crc.com. A digital replay of the conference call will be archived for approximately 90 days and available on the Investor Relations page at www.crc.com.
About California Resources Corporation (CRC)
California Resources Corporation (CRC) is an independent oil and natural gas company committed to energy transition in the sector. CRC has some of the lowest carbon intensity production in the US and we are focused on maximizing the value of our land, mineral and technical resources for decarbonization by developing Carbon Capture and Storage (CCS) and other emissions reducing projects.
Joanna Park (Investor Relations)
818-661-3731
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Richard Venn (Media)
818-661-6014
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