SUBMITTED BY STEVEN SCHAFER for the Neighborhood Extra
Aldersgate United Methodist Church, located at 84th and South Streets, has received official notification that it is a Certified Cool Congregation after implementing energy improvements that are expected to reduce utility consumption by 22% and the carbon footprint of the church building.
Over the past three years, the church has insulated 75% of the bare concrete walls of its original building, replaced four windows and changed the heating and cooling systems serving 50% of the original building, installing instead of high efficiency heat pumps.
Certification as Cool Congregation comes from Interfaith Power and Light, a national organization that mobilizes a faith-based response to global warming by promoting energy conservation and renewable energy in churches. One of its programs is to recognize congregations that have taken steps to significantly reduce their carbon footprint.
In 2020, Aldersgate UMC also won the Interfaith Power and Light National Sacred Grounds Award for transforming its 1.9 acre lawn and deteriorating playground into a neighborhood park, which features a landscaping plan that benefits the environment and serves the community by providing wildlife habitat, nature immersion, and nature-based play for children.
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Work on the neighborhood park is underway. Since 2017, the church has planted 115 trees, 659 shrubs, 870 perennials, 393 grasses, and 4,708 grass plugs. This includes a wide variety of plants, many of which are native to this region. When the trees are mature, they will sequester about 8 tons of carbon per year.
Joseph Rafique, pastor at Aldersgate UMC, praised church members for their work on the environment. “The congregation has always supported projects aimed at applying the principles of biblical stewardship to our own church.”
Re: “A herculean and worthwhile task before breaking through the dams of Lower Snake River” [June 16, Opinion]:
The Editorial Board is right to say that saving endangered salmon is a “target worth aiming for”. Replacing energy services at the lower Snake River dams can result in affordable, clean energy, while improving the reliability of the entire regional power system.
The Lower Snake River Draft Report estimates costs ranging from $8.3 billion to $18.6 billion to replace power from the Lower Snake River dams. Importantly, this figure is spread over 50 years. On an annual basis, this represents at most a few percentage points of the total cost of regional electricity in the Northwest. The costs of renewable energy technologies are expected to continue to fall, meaning that replacing energy services from dams will be less expensive than current projections.
Renewable energy technology cost modeling from the National Renewable Energy Laboratory shows declining costs for solar, wind, and battery systems through 2030 and beyond. A recent analysis by Lawrence Berkeley National Laboratory found that current supply chain and inflation issues are unlikely to change this outlook.
Meanwhile, dam operating costs will continue to rise as turbines age and climate change affects power generation. For salmon and other species at risk, the status quo is not an option — how can you put a dollar figure on extinction?
Nancy Hirsh, Seattle, Executive Director, NW Energy Coalition
Here is a guide to the basics.
1. What’s the big idea?
The broadest umbrella term for the strategy of which ESG is a part is sustainable investing. Proponents say the goals of sustainable investing, which covers fund assets valued at $2.7 trillion globally by Morningstar Inc., are to have societal impact, align with personal values or manage risk. And making money along the way, of course.
2. Where does ESG come from?
The acronym was coined in the mid-2000s. A UK law firm wrote a report for the United Nations Environment Program Finance Initiative in 2005, claiming that the use of ESG factors in the financial analysis was consistent with the fiduciary responsibilities of investors. The idea was that the integration of ESG data would help protect investments by avoiding significant financial risks related to factors such as climate change; labor disputes and human rights issues in supply chains; and poor corporate governance and resulting litigation. Over time, the label has come to be applied to investments ranging from predictable things like owning renewable energy stocks to things you wouldn’t expect, like funds that track reference containing oil companies or assets in autocratic countries. like Russia.
Estimates vary depending on what people count as ESG. According to Bloomberg Intelligence, assets are expected to grow to $50 trillion by 2025 from around $35 trillion currently. They rose from $30.7 trillion in 2018 to $22.8 trillion in 2016, according to the Global Sustainable Investment Association.
The popularity of ESG depends in part on the belief that it will play a positive role in making the world a better place. But critics say such warm and fuzzy sentiment helps asset managers blur a key distinction – that ESG is primarily about using data to identify risks that could harm investment performance or to find money-making opportunities. This contrasts with some other branches of sustainable investing which sometimes go further:
• Ethical and values-based investing: These are general strategies that allow investors to avoid or invest in companies that reflect their political, religious or philosophical beliefs and values. Its earliest followers were religious groups such as the Quakers who avoided investments in things like alcohol, guns, and gambling. Church-affiliated groups in Sweden launched the first ethics-based mutual fund in 1965. The Pax World Fund was launched in the United States in 1971.
• Socially Responsible Investing: Galvanized by Vietnam War protests, consumer boycotts of napalm producers and efforts to end apartheid in South Africa, a group of investors in the 1980s and 1990s sought to do good by not only avoiding companies that harm society, but investing in those that improve their business practices. They can also focus on companies engaged in clean technology efforts.
• Impact investing: While socially responsible investing tends to focus on publicly traded companies, impact investing focuses on private projects. It’s a niche strategy where investors target specific outcomes that can be measured, such as promoting sustainable agriculture or businesses that provide affordable housing.
• Systems-level investment: A nascent strategy that has yet to take off. As people increasingly point to the failure of ESG to catalyze big and real impacts, they are looking to invest at the systems level. This involves making decisions that consider your entire portfolio and how its elements intersect across all long-lived assets. An example would be climate change: a systems-level approach would look at how it affects entire portfolios, from stocks in energy and insurance companies to sovereign bonds and currencies. Systems-level investors are then expected to work with other investors to collectively push companies to improve their business practices by creating industry standards, sharing data with other investors, and lobbying for public policy changes. .
5. What do critics of ESG think?
Some believe the term has become so broad that it loses much of its meaning. Many point to the prevalence of greenwashing, which occurs when companies exaggerate the environmental benefits of their actions. Even the man who coined the acronym said the financial industry had sprinkled ‘ESG fairy dust’ on products that didn’t deserve the label, and there would be industry upheaval. in the years to come. Other criticisms relate to the way fund managers rely on ESG ratings which rank companies based on their performance on ESG factors. There is a lot of inconsistency in these scores – in some cases, companies are ranked based on the risks the ESG factors pose to them rather than, say, the risks the companies pose to the environment and society.
6. What do regulators think?
With the ESG label now widely used by fund managers and bankers selling everything from mutual funds to complex derivatives, regulators in Europe and the US are cracking down on companies that overstate their ESG bona fides. In May, German authorities raided the offices of Deutsche Bank AG’s fund unit amid allegations that it overstated its ESG capabilities to investors. The following month, it emerged that US regulators were investigating whether ESG funds sold by Goldman Sachs Group Inc.’s asset management group breached ESG measures promised in marketing materials.
The U.S. Securities and Exchange Commission proposed a list of new restrictions in May aimed at ensuring ESG funds accurately describe their investments, and which may require some fund managers to disclose greenhouse gas emissions from companies in which they invest. These proposed rules come on the heels of new laws in Europe, the Sustainable Finance Disclosure Regulations, where investments must be labeled in categories commonly referred to as “light green” and “dark green”, depending on the priority given to sustainability.
8. Does sustainable investing really make a difference?
A cohort of ESG executives and academics have lamented the lack of far-reaching, long-term impacts the strategy has had. Of course, sustainable investors have made strides, such as pressuring companies to reduce their use of plastic, addressing workers’ rights, and conducting so-called civil rights audits. They also succeeded in replacing the directors of the board of directors of Exxon Mobil Corp. to help the oil giant position itself towards cleaner fuels. Other supporters said that if investors in Deliveroo Plc in the UK had considered ESG issues, they could have avoided losses after the company faced a backlash over operating the economy gigs and workers’ compensation last year. Yet critics argue that the idea that ESG investing alone is enough to solve complex problems is proving to be wrong, and that greater government intervention is needed to solve societal problems such as living minimum wages and greenhouse gas emissions.
9. How do these approaches compare in terms of return on investment?
In three categories – Europe-focused, US-focused and global – large-cap ESG equity funds have done better this year, on average, than their non-ESG counterparts. Although they lost money – consistent with the market selloff – those losses are smaller. Globally, ESG funds are down 11.7% this year through June 10, compared to the 14.8% drop in the MSCI World Index. But there have been some early signs that investors are depreciating on ESG. They withdrew a record $2 billion net from U.S. exchange-traded funds in May, ending three years of inflows, according to Bloomberg Intelligence.
More stories like this are available at bloomberg.com
Second Quarter 2022 Earnings Forecast for Diamondback Energy, Inc. (NASDAQ:FANG) Released by Capital One Financial
Diamondback Energy, Inc. (NASDAQ:FANG – Get Rating) – Equity researchers at Capital One Financial have raised their second quarter 2022 earnings per share (EPS) estimates for Diamondback Energy shares in a research note released on Wednesday, June 22. Capital One Financial analyst B. Velie now expects the oil and gas company to post earnings per share of $6.51 for the quarter, up from its previous estimate of $6.44. The consensus estimate for Diamondback Energy’s current annual earnings is $26.11 per share. Capital One Financial also released estimates for Diamondback Energy Q3 2022 earnings at $7.08 EPS, Q4 2022 earnings at $7.19 EPS, FY2022 earnings at $25.98 EPS, Q2 2023 earnings at $5.68 EPS, Q3 2023 earnings at $5.79 EPS, Q4 2023 earnings at $5.93 EPS, Full year 2023 earnings at $23.10 EPS and earnings of fiscal year 2024 at $21.09 EPS.
Other analysts have also recently published research reports on the company. Scotiabank raised its price target on Diamondback Energy from $165.00 to $170.00 and gave the stock a “neutral” rating in a Wednesday, March 9 research note. Bank of America downgraded Diamondback Energy from a “buy” rating to a “neutral” rating and raised its share price target from $165.00 to $170.00 in a Tuesday, March 8 report. Wells Fargo & Company lowered its price target on Diamondback Energy from $204.00 to $200.00 and set an “overweight” rating for the company in a Tuesday, May 17 report. Susquehanna Bancshares raised its price target on Diamondback Energy from $152.00 to $167.00 and gave the stock a “positive” rating in a Monday, April 25 report. Finally, Truist Financial raised its price target on Diamondback Energy from $170.00 to $200.00 in a Thursday, April 21 report. Two analysts gave the stock a hold rating, thirteen gave the company a buy rating and one gave the company’s stock a strong buy rating. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $167.35.
NASDAQ:FANG opened at $119.24 on Thursday. The company has a debt ratio of 0.42, a current ratio of 0.72 and a quick ratio of 0.69. Diamondback Energy has a 1-year low of $65.93 and a 1-year high of $162.24. The stock’s 50-day simple moving average is $138.24 and its two-hundred-day simple moving average is $130.45. The company has a market capitalization of $21.16 billion, a price-earnings ratio of 7.86, a PEG ratio of 0.23 and a beta of 2.18.
Diamondback Energy (NASDAQ:FANG – Get Rating) last released its quarterly earnings data on Monday, May 2. The oil and gas company reported earnings per share (EPS) of $5.20 for the quarter, beating analysts’ consensus estimate of $4.74 by $0.46. Diamondback Energy had a return on equity of 19.91% and a net margin of 34.17%. The company posted revenue of $2.41 billion for the quarter, versus a consensus estimate of $1.93 billion. In the same quarter a year earlier, the company posted EPS of $2.30.
The company also recently announced a quarterly dividend, which was paid on Monday, May 23. Investors of record on Thursday, May 12 received a dividend of $0.70 per share. This is a positive change from Diamondback Energy’s previous quarterly dividend of $0.60. This represents an annualized dividend of $2.80 and a yield of 2.35%. The ex-dividend date was Wednesday, May 11. Diamondback Energy’s dividend payout ratio is currently 18.46%.
In other Diamondback Energy news, Hof Chief Financial Officer Matthew Kaes Van’t sold 6,000 shares of the company in a trade dated Monday, April 4. The stock was sold at an average price of $140.02, for a total transaction of $840,120.00. Following the sale, the CFO now owns 73,334 shares of the company, valued at approximately $10,268,226.68. The transaction was disclosed in a document filed with the SEC, which can be accessed on the SEC’s website. Additionally, CAO Teresa L. Dick sold 2,500 shares of the company in a trade dated Friday, May 27. The shares were sold at an average price of $152.22, for a total value of $380,550.00. As a result of the sale, the accounting chief now owns 57,308 shares of the company, valued at approximately $8,723,423.76. The disclosure of this sale can be found here. Insiders sold a total of 50,500 shares of the company worth $7,580,970 in the past ninety days. 0.47% of the shares are currently held by company insiders.
Institutional investors have recently bought and sold shares of the company. State of Michigan Retirement System increased its stake in shares of Diamondback Energy by 15.2% in the fourth quarter. State of Michigan Retirement System now owns 49,262 shares of the oil and gas company worth $5,313,000 after buying an additional 6,500 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Diamondback Energy by 23.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 104,408 shares of the oil and gas company worth $11,260,000 after buying an additional 19,526 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Diamondback Energy by 18.8% in the third quarter. Thrivent Financial for Lutherans now owns 166,898 shares of the oil and gas company worth $15,799,000 after buying an additional 26,397 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of Diamondback Energy in the fourth quarter worth approximately $333,000. Finally, LPL Financial LLC added to its position in Diamondback Energy by 6.9% during the fourth quarter. LPL Financial LLC now owns 54,927 shares of the oil and gas company worth $5,924,000 after buying 3,526 additional shares last quarter. Institutional investors and hedge funds hold 89.97% of the company’s shares.
Diamondback Energy Company Profile (Get a rating)
Diamondback Energy, Inc, an independent oil and gas company, is focused on the acquisition, development, exploration and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin of western Texas. It covers the development of the Spraberry and Wolfcamp formations of the Midland Basin; and the Wolfcamp and Bone Spring formations of the Delaware Basin, which are part of the Permian Basin in western Texas and New Mexico.
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New report identifies potential for infrastructure to support UK’s upgrade, net zero and energy security programs
- The UK Government has identified the importance of infrastructure to leveling out, tackling the longer term cost of living crisis through the provision of new household energy generation capacity and reaching Net Zero by 2050 .
- New modeling and research published today by the Northern Policy Foundation (NPF) shows that unless the UK drastically improves infrastructure provision, taxpayers will face an annual bill of £45billion sterling each year for the next five years.
- Additionally, modeling of one of our recommendations – adding an ‘upgrade component’ to high-value tender assessments – suggests this could result in a £550m increase. for the North and Midlands and could support or create between 19,000 jobs.
- Today, more than 80% of major infrastructure projects worldwide are delivered late and over budget.
- On average, major infrastructure projects will also continue to be delivered 3.5 years late, delaying the realization of their benefits for local people and the country.
- Initiatives such as Project Speed, the Construction Playbook, Civil Service Reform, and various “acceleration units” are all potentially steps in the right direction, but have yet to yield meaningful results and potentially lost ground. their momentum.
Boris Johnson, in particular, is rightly a fan of investing in large infrastructure projects which have proven – on average – to deliver a return on investment of 2.2 times the initial outlay. It has been placed at the heart of government programs for leveling up, net zero emissions and “energy security”.
Upgrade – on a range of measures including productivity, skill levels, health and wellbeing, job opportunities and connectivity – the North and Midlands continue to underperform not just London but also the UK averages. The productivity gap is so large that OECD and Eurostat analysis shows the UK to be one of the most geographically unbalanced economies in the developed world. In Europe, only Poland and Romania are more unequal than the United Kingdom
Between 2007-08 and 2018-19 capital expenditure on transport in London was around £6,600 per capita, compared to £1,880 in the East Midlands, £1,980 in the South West and three times the expenditure for Yorkshire and the Humber and the North. East (£2,200 per person).
Net Zero – the prime minister’s ‘ten-point plan’ specifically cites the need to: ‘transform our energy system…and grid infrastructure’, provide ‘modern and integrated port infrastructure’, ‘produce low-carbon hydrogen scale”, “accelerate the deployment of EV charging infrastructure” and the development of “carbon capture and storage infrastructure”.
Energy security – the war in Ukraine has particularly focused people’s minds on how and where our energy comes from. In particular, the government is committed to building new nuclear reactors – both traditional and small modular reactors – to help improve our resilience and provide a more predictable and reliable source of energy.
Addressing each of these three challenges will require a step change in the way infrastructure is delivered in the UK
Sponsored by Bechtel, the NPF interviewed 26 experts from across the industry, highlighting the issues large projects often face, which they found grouped into three broad categories:
- Poor planning and implementation of the project: including poor understanding of cost estimates and their use, lack of incentives for those involved early on to provide “honest” estimates, lack of the right expertise at the right time, and introduction of processes that restrict the project later in its lifecycle.
- Loss of control and responsibility: which means a lack of change control over time, cost and scope, poor visibility of data and information at all levels of a project.
- The wrong people providing the wrong type of review: there is a widely reported mismatch within the public service of people with the wrong expertise in the roles of sponsor or client. This means the wrong questions are being asked, which takes up time on the project and gives the wrong impression of project progress.
The NPF report, ‘Laying the foundations in place – how the UK government can ‘build back better’ and get up to speed post-COVID’, says 18 practical policies and industry recommendations aimed at radically improving delivery – from upgrading the skills of ministers and more experienced sponsor teams to creating a fair dispute resolution mechanism and a better approach to project costing.
John Williams, Managing Director UK and Ireland at Bechtel, said:
“We are very pleased to support this important research. The ‘race to the top’ requires a massive improvement in the UK’s capabilities to deliver transport, energy and digital infrastructure faster, cheaper and better for the communities they serve. »
Tom Lees, Director of the NPF said:
“The government has set out ambitious and potentially transformative plans which all require the effective provision of good quality infrastructure.
Infrastructure spending has historically been more than three times higher per person in London compared to the north of England. Thankfully that is changing, but my fellow Northerners can’t afford projects to be significantly delayed or over budget – we need a radical improvement in delivery so we can see the benefits as soon as possible and close the North/South divide.”
A copy of the full report can be found here:
About the Northern Policy Foundation
The NPF was created after the 2019 general election, which saw many seats in the north of England vote Conservative.
Over the past hundred years a north-south divide in the UK on a number of measures has existed despite the interventions of many different governments. Over the past 30 years, this gap has widened. Upgrading our country will be a daunting challenge, especially as we recover from the effects of COVID-19.
NPF research and work focuses on developing pragmatic and impactful policy interventions and analysis that will help the North prosper and improve lives. The FNP does not belong to any political party and avoids falling into ideological traps.
A meeting was held on 6/2 sponsored by The Grass Roots Institute to answer questions from those interested in one of the 4 open seats on the City Council. Former members, Dave Turner and Dan Gjerde were on hand to answer questions about their motivations for running and the challenges they faced on the Board.
Peter McNamee moderated the discussion and asked everyone about the opportunities and challenges faced. Ongoing issues such as water, waste treatment, housing, business and traffic were discussed.
Dave mentioned that there was plenty of water on the coast but tanks were needed for storage; while Dan spoke about the interplay of city and county governments and inter-county committees working in the interest of Northern California.
After Dave and Dan spoke on these issues, questions about energy conservation and production were asked by the 30-person audience, along with questions about the cogs and bolts regarding the Brown Law, the approximate votes needed to win a seat and the number of hours it takes to get the job done.
It was also mentioned that Volkswagen is donating money because of its diesel regulations that can be used to charge electric vehicles, which would help promote both local conservation and tourism.
The Town Clerk, June Lemos was present. She told the group that the city would help with applications and send new members to government courses in Sacramento.
—Mark Safron, Fort Bragg
WWTP Energy Services (EAST: STAGE – Get a rating) was upgraded by Raymond James equity researchers to a “buy” rating in a report released on Tuesday, TipRanks reports. The company currently has a price target of C$7.75 on the stock. Raymond James’ price target indicates an upside potential of 55.62% from the company’s current price.
Several other research analysts have also recently weighed in on the stock. ATB Capital raised its price target on shares of STEP Energy Services to C$9.00 and gave the stock an “outperform” rating in a research report on Wednesday. BMO Capital Markets downgraded shares of STEP Energy Services from a ‘market performance’ rating to a ‘buy’ rating and raised its target price for the company from C$2.50 to C$4.00 CA in a research note from Friday, April 1. Finally, Royal Bank of Canada downgraded shares of STEP Energy Services from a “sector performance” rating to a “buy” rating and raised its target price for the company from C$4.00 to CA$8.00 in a research note from Monday, May 16.
Shares of Stock STEP opened at C$4.98 on Tuesday. STEP Energy Services has a one-year minimum of CA$1.32 and a one-year maximum of CA$5.85. The company’s 50-day moving average is C$4.52 and its 200-day moving average is C$2.91. The company has a market cap of C$339.66 million and a price-to-earnings ratio of -30.74. The company has a debt ratio of 128.82, a quick ratio of 1.09 and a current ratio of 1.36.
About STEP Energy Services (Get a rating)
STEP Energy Services Ltd., an oilfield services company, provides integrated coiled tubing, fracturing and cable solutions to serve the oil and gas industry in Canada and the United States. It also provides chemical laboratory solutions; fluid pumping services for coiled tubing operations and stand-alone projects; and nitrogen pumping solutions for coiled tubing and hydraulic fracturing operations, as well as cased-hole wireline and open-hole wireline services.
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CHESAPEAKE ENERGY CORPORATION DOUBLES ITS AUTHORIZATION TO REPURCHASE COMMON SHARES AND WARRANTS FROM $1 BILLION TO $2 BILLION
OKLAHOMA CITY, June 22, 2022 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ:CHK) today announced that its board of directors has doubled its previously announced buyback program authorization from $1 billion until $2 billion in aggregate value of its common stock and/or warrants through the end of 2023. To date, under its previously authorized program, Chesapeake has repurchased approximately 5.4 million shares ordinary at an average price of around $89 per share.
Nick Dell‘Osso, Chairman and Chief Executive Officer of Chesapeake, said, “We strongly believe that our stock is undervalued and we are pleased to announce today significant progress in our buyback program. Double our redemption authorization to a total of $2 billion, in conjunction with our commitment to our base and variable dividend program, underscores our confidence in our ability to generate sustainable free cash flow and our commitment to shareholder returns. Our disciplined capital allocation strategy generates best-in-class cash-per-share returns and highlights the attractive value of our stocks.”
The redemption authorization allows Chesapeake to make redemptions on a discretionary basis as determined by management. Acquisitions under this repurchase authorization may be made through open market transactions or negotiated over-the-counter. This redemption authorization does not obligate Chesapeake to acquire any particular amount of common stock or warrants, and may be modified, extended, suspended or discontinued at any time without notice.
Based at Oklahoma CityChesapeake Energy Corporation’s (NASDAQ:CHK) operations are focused on the discovery and responsible development of its vast and geographically diverse resource base of onshore unconventional oil and gas assets in United States.
This press release and the accompanying outlook include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements other than statements of historical facts. They include statements that give our current expectations, management’s outlook or expectations of future events, expected base and variable dividends, share buybacks, the expected growth trajectory of natural gas and oil, projected cash flow and liquidity, our ability to improve our cash flow and flexibility, dividend plans, future production and commodity mix, plans and targets for future operations, ESG initiatives, ability of our people, portfolio strength and operational leadership to create long-term value, and the assumptions on which these statements are based. Although we believe that the expectations and forecasts reflected in the forward-looking statements are reasonable, we cannot guarantee that they will prove to be correct. They may be affected by inaccurate or changed assumptions or by known or unknown risks and uncertainties.
Factors that could cause actual results to differ materially from expected results include those described under “Risk Factors” in Item 1A of our Annual Report on Form 10-K and any updates to such factors in Chesapeake’s subsequent quarterly reports on Form 10-Q. or current reports on Form 8-K (available at https://www.chk.com/investors/sec-filings). These risk factors include: the impact of the COVID-19 pandemic and its effects on the company’s business, financial condition, employees, contractors and suppliers, and global oil demand and natural gas and in the US and global financial markets; volatility in oil, natural gas and NGL prices; the limits that our level of indebtedness may have on our financial flexibility; our inability to access capital markets on favorable terms; the availability of cash flow from operations and other funds to fund cash dividends, fund reserve replacement costs or meet our debt obligations; write-downs in the carrying value of our oil and gas assets due to low commodity prices; our ability to replace reserves and maintain production; the uncertainties inherent in estimating quantities of oil, natural gas and NGL reserves and projecting future production rates and the amount and timing of development expenditures; our ability to generate profits or achieve targeted results in drilling and well operations; lease terms expiring before production can be established; commodity derivatives activities resulting in lower realized prices on oil, natural gas and NGL sales; the need to secure derivative liabilities and the inability of counterparties to honor their obligations; adverse developments or losses resulting from pending or future litigation and regulatory proceedings, including royalty claims; costs incurred in response to market conditions; drilling and operating risks and resulting liabilities; the effects of environmental laws and regulations on our business; legislative and regulatory initiatives further regulating hydraulic fracturing; our need to ensure an adequate supply of water for our drilling operations and to dispose of or recycle used water; the impacts of potential legislative and regulatory measures relating to climate change; federal and state tax proposals affecting our industry; potential regulation of over-the-counter derivatives limiting our ability to hedge against fluctuations in commodity prices; competition in the oil and gas exploration and production industry; deterioration in general economic, business or industry conditions; negative public perceptions of our industry; limited control over properties that we do not operate; pipeline and gathering system capacity constraints and transportation disruptions; terrorist activities and cyberattacks negatively impacting our operations; and a disruption of operations at our head office due to a catastrophic event.
In addition, disclosures regarding the estimated contribution of derivative contracts to our future operating results are based on market information as of a specific date. These market prices are subject to significant volatility. Our production forecast also depends on numerous assumptions, including estimates of the rates of decline in production from existing wells and the results of future drilling activities. We caution you not to place undue reliance on our forward-looking statements, which speak only as of the date of this press release, and we undertake no obligation to update the information provided in this press release, except as required by law. applicable so requires. Additionally, this press release contains urgent information that reflects management’s best judgment only as of the date of this press release.
|INVESTOR CONTACT:||MEDIA CONTACT:|
|Brad Sylvester, CFA (405) 935-8870 [email protected]||Gordon Pennoyer (405) 935-8878 [email protected]|
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SOURCE Chesapeake Energy Corporation
Australia’s energy market operator will lift its suspension from the national electricity market, CEO Daniel Westerman has confirmed.
He says he spoke this morning to all the energy ministers of the NEM, which includes the eastern states and South Australia.
He reiterated that AEMO was forced to suspend market pricing as it became impossible to operate, but the situation had improved significantly.
“The first step will be at the end of the trading day today and it is at 4:00 tomorrow morning that we will allow the market to re-price the price,” he told reporters.
“The second stage will take place 24 hours after that, when we can formally lift the market suspension.”
“After taking that first step, I would expect to see three things.
“First, the system we use to schedule generation in the grid at the lowest cost to consumers, the dispatch engine will work flawlessly.
“Secondly, AEMO will be able to reduce the number of directions we give generators and thirdly, we expect to see a reduction in predicted energy shortages or low reserves as generators respond to these signals. of the market.”
Energy Minister Chris Bowen said the East Coast’s energy system had been under immense pressure in recent weeks, but state and federal governments had worked closely together to keep the lights on.
“We have avoided outages and load shedding in recent weeks, despite very significant challenges. The measures taken by AEMO last week were very important and very necessary and, as I said at the time, had my full support.
Environmentalists in court tried to stop $16 billion gas project in Scarborough, citing damage to coral reef | Gas
An environmental group has launched a legal bid to halt a $16 billion gas development in Western Australia, arguing that the effect of its greenhouse gas emissions on the Great Barrier Reef will be significant and should be assessed in under national environmental legislation.
Documents filed by the Australian Conservation Foundation (ACF) in federal court on Tuesday said the Woodside gas project in Scarborough would likely affect the global and natural values of the 2,300km reef system by adding to massive coral bleaching.
Woodside needs final approval from the offshore energy regulator, the National Offshore Petroleum Safety and Environmental Management Authority (Nopsema), before development can go ahead.
ACF said the project’s effect on the reef meant it should lose a legal exemption from national environmental laws given to projects assessed by Nopsema, and instead be considered under the Environmental Protection Act. Environment and Biodiversity Conservation (EPBC) by Federal Environment Minister Tanya Plibersek.
The case is the latest in a growing list testing the approval of Australian fossil fuel developments based on their projected contribution to global warming.
Scarborough has become a rallying point for climate campaigners who cite a warning from scientists and the International Energy Agency that the world cannot afford major new fossil fuel projects if it is to avoid a worsening of the climate crisis. It involves opening an untapped gas field 375 km off the Pilbara coast in WA and connecting it via a pipeline to an expanded liquefied natural gas processing plant near the town of Karratha. Most of the LNG would be exported and flared in Asia.
Climate Analytics researchers estimated that gas from the development could release 1.37 billion tonnes of carbon dioxide – more than three times Australia’s annual emissions – into the atmosphere over 25 years.
Woodside and other supporters of the project, including WA Premier Mark McGowan and new Federal Resources Minister Madeleine King, argued that gas from Scarborough would help reduce global emissions by displacing energy at the dirtier coal. They were asked for evidence to back up and quantify this, but none was published.
The ACF documents indicated that emissions from Scarborough were likely to raise the average global temperature by at least 0.000394C, which would lead to the death of millions of corals during each future mass bleaching event.
The reef has suffered four episodes of massive coral bleaching since 2016, and scientists say 99% of coral reefs are at risk of disappearing if average heating reaches 2°C above pre-industrial levels.
ACF chief executive Kelly O’Shanassy said if the deal is successful it would help establish the idea that all new fossil fuel developments should be assessed for the climate damage they cause – a point repeatedly made by environmentalists, but often not required by Australian law.
She said she expected any assessment to show that “new coal and gas don’t stack up environmentally.”
“Scarborough gas is a climate bomb about to explode,” she said. “We must not fall for the accounting trick that suggests these emissions will not affect reefs in Australia simply because the gas will be flared primarily overseas. The reef does not care about the source of the greenhouse gases that damage it.
Woodside said the Scarborough project had been “subject to rigorous environmental assessments by a range of regulatory bodies” and would “defend its position vigorously”.
“The Scarborough project is underway and on schedule having received all primary environmental approvals,” said the company’s chief executive, Meg O’Neill.
“The project will deliver significant local and national benefits in the form of jobs, tax revenue and reliable gas supply as part of the energy transition for decades to come.”
Dr Selena Ward, a senior lecturer at the University of Queensland and director of the Heron Island Reef Research Centre, said a Scarborough-scale project would make a difference to global temperatures and that it had no no sense that it is exempt from the national environment. laws.
She said the Great Barrier Reef and other tropical reefs were “already suffering intensely”. “If we want to keep them, we can’t afford to approve this kind of project,” she said.
The project enables the UK’s transition to the sustainable energy systems of the future
DALLAS, May 12, 2022 /PRNewswire/ — Jacobs (NYSE:J, Financial)/Morrison Energy Services The joint venture – J1M – has won three contracts to support the Pembroke, Lackenby and Bramley substation projects as part of the energy utility national gridit is Six-year substation engineering procurement construction framework United Kingdom
As prime designer and contractor, the Jacobs/Morrison Energy Services joint venture is progressing detailed design and early work on the Pembroke substation project Walesto connect it to ireland Greenlink interconnectionone of Europe major energy infrastructure projects. The works include the design, supply, installation and commissioning of a new 400 kV gas insulated switchgear (GIS) extension into the existing substation.
J1M also supports connecting the Dogger Bank Wind farm C on the east coast at Teesside in the transmission grid at Lackenby substation. When completed, this will connect 1.2GW of installed generation capacity from Dogger Bank C, providing enough clean energy to power up to two million homes.
In Hampshire, J1M will supply National Grid’s new 25kV holly cross substation and connect it to the Bramley 400kV substation to supply Network Rail. J1M will also support the management of rural ecological requirements and the engagement of local stakeholders on all projects.
“With the UK’s ambition to quadruple offshore wind power by 2030, these projects play a vital role in expanding transmission capacity to the grid,” said Donald Morrison, senior vice president of Jacobs People & Places Solutions Europe and Digital Strategies. “Our integrated team combines deep technical experience and major project capability to deliver agile solutions that challenge the norm and support a sustainable energy system for tomorrow.”
“This is a great opportunity for Morrison Energy Services, as an established energy network service provider, to help drive the UK’s essential transition to sustainable energy systems of the future,” said the managing director of Morrison Energy Services. Peter Carolan. “We are proud to be part of building a sustainable future that will ensure that our homes and businesses are increasingly powered by clean energy.”
From engineering consultancy and engineering design to infrastructure management, operations and maintenance services, Jacobs provides complete end-to-end solutions for offshore wind development efforts – As germany SuedLink program — to help meet the growing global demand for clean and affordable energy. Jacobs is also investigating the feasibility of the production and supply of green hydrogen for renewable energy company RWE’s Pembroke power station.
At Jacobs, we strive today to reinvent tomorrow by solving the world’s most critical problems for thriving cities, resilient environments, critical outcomes, operational advancements, scientific discovery and advanced manufacturing, transforming ideas abstracts into world-transforming realities. for real. With $14 billion in revenue and a talent force of approximately 55,000 people, Jacobs provides a full range of professional services, including consulting, technical, scientific and project delivery services for the public and private sector. Visit jacobs.com and connect with Jacobs on Facebook, instagram, LinkedIn and Twitter.
Morrison Energy Services works with national energy networks to repair, renew, refurbish and maintain the nation’s gas and electricity infrastructure, with a focus on decarbonization to support the transition to a net zero economy. With a workforce of over 1,200 people, operating 365 days a year in local communities, Morrison Energy Services works hard to keep the lights on, homes warm and appliances running. Morrison Energy Services is part of M Group Services. morrisones.com
With approximately 9,000 people working at 100 sites, Group M Services provides a range of essential infrastructure services in the water, energy, transport and telecommunications sectors in the UK www.mgroupservices.com
Certain statements contained in this press release constitute forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical facts are forward-looking statements. When used here, words such as “expects”, “anticipates”, “believes”, “seeks”, “estimates”, “plans”, “intends”, “future”, “will”, “would”, “could”, “”may”, “may” and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as on competitive, financial and economic data currently available. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements, including, but not limit, the timing of awarding of projects and funding under the Infrastructure Investment and Jobs Act as well as general economic conditions, including inflation, changes in interest rates , exchange rates and changes in capital markets, geopolitical events and conflicts, and the impact of the COVID-19 pandemic, including the related reaction of governments to global and regional market conditions and business conditions, among others. For a description of certain additional factors that may arise that could cause actual results to differ from our forward-looking statements, see the discussions contained in Section 1 – Business; Item 1A – Risk Factors; Item 3 – Legal Proceedings; and Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations in our most recently filed Annual Report on Form 10-K, and Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of operating; Item 1 – Legal Proceedings; and Section 1A – Risk Factors in our most recent Quarterly Report on Form 10-Q, as well as the company’s other filings with the Securities and Exchange Commission. The company is under no obligation to update any forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.
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Jhe recent election campaign has focused a lot on low wages and inequality. However, he did not focus on an underlying factor for these problems. If Australia had fewer markets led by dominant oligopolies, and more enjoying strong competition, we would have less inequality, and higher wages and productivity.
Market economies are based on the forces of supply and demand, which constitute Adam Smith’s “invisible hand”. But this requires enough actors on the supply side; otherwise, Australians will be underserved by our market economy.
We clearly have, in my view, inadequate competition in Australia. Think beer, groceries, mobile service providers, aviation, rail freight, banking, energy retail, internet search, mobile app stores And much more.
Companies do not want markets where there is perfect competition.
It’s not controversial. Every businessman would agree. None want to work in a competitive market where they simply seek to outperform their competition. They want an advantage over some form of market power.
To be clear, such behavior can be beneficial as companies seek to lock in consumers. However, too much market power in our economy can cause a range of harms to many Australians and to our society. It is therefore a key role for the government to fight the instincts of Australian businesses and foster competition.
The most obvious detriment is rising prices, which occur particularly when supply is limited relative to demand. When supply is plentiful, the focus is on reducing wages and other supplier costs.
The share of profits in our national income has steadily increased since the 1970s; and as a result, the share of national income accruing to Australian workers has steadily declined.
The implications for inequality are clear. Most Australians derive most of their income from wages, not from dividends on the shares they own.
The lack of innovation in Australia as well as low productivity are also of concern. These problems will not be properly addressed until we recognize that high industrial concentration and the resulting lack of competitive pressure reduce incentives to invest and create new products. And it is more difficult for new entrants, often drivers of innovation, to establish themselves.
When I was at the ACCC, I said that Australia’s merger laws needed to be significantly strengthened. The ACCC has presented reform proposals for post-election consideration, which is now.
Unfortunately, it is very difficult to find evidence to convince our courts that companies will obtain market power by merging or, when these mergers take place, that the resulting market power will be used in a detrimental way. Indeed, the merger has not yet taken place and the courts often treat the business logic as mere theory.
We have also seen court cases in which attempts to protect the sale proceeds of a privatization by restricting competition to a then-monopoly have not been found to violate competition laws. This happened in a recent decision regarding the Port of Newcastle.
Under the terms of sale, if the port of Newcastle moves more than a certain level of containers, it must compensate its dominant competitor, Port Botany. Although it concluded that this arrangement was put in place to protect the proceeds from the sale of Port Botany, the court found that these arrangements did not constitute a substantial lessening of competition.
Now that the election is over, our merger laws and the effective operation of our competition laws must be debated.
There is also another role for the government here. We need laws that promote competition rather than protect existing big business.
Whether it’s landing slots at airports, access to limited telecommunications spectrum, laws that allow shipping companies carrying cargo to Australia to engage in collusive behavior, or the financial sector regulation that favors incumbents, to name just a few examples, we need governments to prioritize competition over the needs of industry incumbents.
Add to this the way governments privatize assets in a way that does not support competition, or as unregulated monopolies, so that they then receive high sales proceeds, knowing that the users of the privatized assets will therefore have to pay higher prices. It is an unfair form of stealth taxation that hurts most Australians and contributes to inequality.
Australia must adopt a pro-competitive mindset if we are to solve our low wage and productivity problems and, what should be a fundamental objective of economic policy, reduce inequality.
Global Fatty Acid Methyl Ester Market (2022 to 2030) – With Renewable Energy Group, Stepan Company and Univar Solutions, among others – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The report “Global Fatty Acid Methyl Esters Market by Source, Product Type, Application and Region – Size, Share, Outlook and Opportunity Analysis, 2022-2030” has been added to from ResearchAndMarkets.com offer.
This report provides an in-depth analysis of the global Fatty Acid Methyl Ester market and provides the market size (million US$ and kilotons) and compound annual growth rate (CAGR%) for the forecast period (2022 -2030), considering 2021 as the reference year.
FAME (fatty acid methyl ester) is a form of fatty acid ester produced by transesterifying fats with methanol. The main molecules of biodiesel are the FAMEs, which are obtained by transesterification from vegetable oils. When basic chemicals such as sodium methoxide, potassium hydroxide, or sodium hydroxide are present, an alkali-catalyzed reaction between methanol and lipids produces FAMEs, which are used in the manufacture of biodiesel and detergents.
The most widely available type of biodiesel in the marine industry is FAME-based biofuel, which is typically blended with regular marine diesel. The application of FAME in the food industry as a thickening and emulsifying agent is expected to drive the market growth over the forecast period.
Growing demand for fatty acid methyl esters from various end-use industries is expected to benefit the global fatty acid methyl ester market. Fatty acid methyl ester is the most preferred alternative to conventional mineral-based products for applications in lubricants, paints and coatings, food and agriculture, detergents and surfactants, metal working, emulsifiers and others.
This is due to its superior properties such as high lubricity, excellent solubility in inorganic solvents, high boiling points, non-toxicity and biodegradability. Additionally, the growing demand for fatty acid methyl esters in agrochemicals such as the preparation of pesticides and fertilizers is expected to further drive the growth of the fatty acid methyl esters market. Thus, the aforementioned properties and applications are expected to be key factors driving the growth of the global fatty acid methyl esters market over the forecast period.
However, market growth is expected to be hampered by high manufacturing costs owing to unpredictable raw material prices and the global coronavirus outbreak. Fatty acid esters required high processing costs. As a result, emerging countries such as Asia-Pacific, Middle East and Africa are still unable to employ high-cost technologies, which could limit the market for fatty acid esters.
Main characteristics of the study:
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights into the market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles leading players of the global Fatty Acid Methyl Esters Market based on the following parameters: Company Highlights, Product Portfolio, Key Highlights, Financial Performance and Strategies
The information in this report would enable marketers and managing authorities of companies to make informed decisions regarding their future product launches, type upgrade, market expansion, and marketing tactics.
The Global Fatty Acid Methyl Ester Market report is targeted at various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants and financial analysts.
Stakeholders would have ease in decision-making through various strategic matrices used to analyze the global Fatty Acid Methyl Ester market
Global Fatty Acid Methyl Ester Market, By Source:
Used cooking oils
Global Fatty Acid Methyl Ester Market, By Product Type:
Others (methyl palmitate, coconut methyl esters, etc.)
Global Fatty Acid Methyl Ester Market, By Application:
Paints and coatings
Detergents & Surfactants
Lubricants and Metalworking Fluids
Personal care and cosmetics
Others (wetting agents, plasticizers, etc.)
Global Fatty Acid Methyl Ester Market, By Region:
Middle East and Africa
Acme Synthetic Chemicals
ADM (Archer Daniels Midland Company)
Berg + Schmidt GmbH & Co. KG
Chemrez Technologies, Inc.
CREMER OLEO GmbH & Co. KG
Elevance Renewable Sciences, Inc.
Godrej Industries Limited
JNJ Oil Industries, Inc.
Krishi Oil Limited
Mohini Organics Pvt. ltd.
Renewable Energy Group, Inc.
Univar Solutions Inc.
Vertec BioSolvents Inc.
Victorian Chemical Company Pty Ltd.
Wilmar International Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/xslqx7
- Emerging markets need $1 trillion a year to get to net zero.
- Investments in clean energy in the majority of emerging markets remain stable, despite the great economic benefits it could bring.
- Local banks are key to creating climate-smart finance opportunities in these regions.
A transition to a low-carbon energy future is crucial to limit the rise in global temperatures to 1.5°C and avoid the catastrophic impacts of climate change. Current climate policies put us on track for a warming of 2.7°C above pre-industrial levels while, as agreed in the Paris Agreement, we must reach net zero carbon emissions by 2050.
The paradigm shift to achieve this goal requires significant additional green and climate investments across all sectors of the economy, most directed to emerging markets where they are needed, with great investment opportunities and growth potential. . In order to meet global decarbonization targets, investments will need to almost triple, from $760 billion in 2019 to $2.2 trillion in 2030, according to the International Energy Agency (IEA). Additionally, emerging markets need $1 trillion a year in public and private financing to transition to a net zero economy.
Climate ambitions in emerging markets
The financial sector plays a key role in the transition to low carbon economies. In line with the global climate goals set out in the Paris Agreement, the private sector is committed to channeling the economic resources needed to make this possible and to identifying the risks to which the economic agents responsible for making investment decisions are exposed.
At COP26, the Glasgow Financial Alliance for Net Zero (GFANZ) announced that over $130 trillion in private capital has been committed to carbon neutrality. Companies, banks, insurers and investors will need to adjust their business models and implement plans to make this transition successful. Additionally, the Net-Zero Banking Alliance, facilitated by UNEP FI, which includes 90 members representing over $60 trillion in assets, is working to accelerate and implement decarbonization strategies. . The alliance, which includes 12 banks from Latin America and the Caribbean, aims to support its members’ efforts to align their investment and lending portfolios with net zero goals by 2050.
Most of these investments will need to go to nationally oriented projects that create opportunities for national development. The COVID-19 crisis has hit emerging markets and developing countries as companies halt production and global value chains are disrupted. For example, Latin America and the Caribbean has been one of the most affected regions, with some countries reporting economic contractions of more than 10% in 2020 which have exacerbated already existing difficulties. Scaling up climate action and scaling up net zero investments could support a sustainable and climate-resilient recovery.
Strengthening climate ambitions in the local financial sector can also be catalytic since it has local knowledge and reach. In addition, we are witnessing the emergence of green products that are resilient to climate impacts; namely, financial instruments related to low-emission projects such as green loans, green bonds, etc.
However, short-term actions will not be enough. These need to be combined with medium/long term ambitions, engagement strategies and roadmaps to implement long term decarbonisation trajectories that could also bring economic and social benefits. It is estimated that the transition to a net zero economy could generate more than 15 million net new jobs by 2030 in Latin America and the Caribbean, according to an IDB-ILO study. In Southeast Asia, a green economy could generate up to $1 trillion in economic opportunity, with new growth sectors contributing 6-8% of the region’s GDP by 2030.
Over the past decade, private international investment in clean energy assets in emerging markets has more than tripled, from $6 billion in 2010 to $28 billion in 2019, according to clean energy asset finance data from Bloomberg NEF. However, this growth in private investment in clean energy assets has only been concentrated in 20 countries. Investment flows to 84 other emerging economies surveyed remained stable, according to the World Bank.
Local climate finance with less risk
Local banks in emerging markets face a variety of challenges: high perception of country risk in some geographies, low credit ratings, fragile balance sheets in some jurisdictions, lack of climate-related knowledge and capacity, limited understanding of new climate technologies , lack of access to global climate capital companies, among others.
A facility providing risk mitigation instruments (blended finance, first loss guarantees, etc.) as well as financial resources for personalized and individualized technical assistance (i.e. increasing local climate finance. Project finance, methodology disclosure, market intelligence, decarbonization pathways, access to global partnerships, etc., are some of these capabilities and tools.
Similar approaches to building strong, bankable pipelines have been successfully implemented in other sectors, such as the Global Infrastructure Facility (GIF), a global collaboration platform that integrates efforts to drive private investment in sustainable infrastructure. The GIF provides funds for technical assistance for the preparation and development of projects which, as of November 2021, had mobilized a total investment of $76 billion, including $52 billion of private investments in more than 56 countries in sectors such as energy, transport and others.
This solution will drive a climate-smart finance system in developing countries and emerging markets by leveraging resources and expertise to help banks build clean portfolios and decarbonize current portfolios. For example, IDB Invest is providing advisory services to Produbanco in Ecuador to define a roadmap to achieve its net zero emissions commitments by 2050. Replicating this approach across the emerging markets banking system will drive the financing own national projects in difficult geographical areas. .
The clean energy shift is key to tackling climate change, but over the past five years the energy transition has stalled.
Energy consumption and production contribute two-thirds of global emissions, and 81% of the global energy system is still based on fossil fuels, the same percentage as 30 years ago. Additionally, improvements in the energy intensity of the global economy (the amount of energy used per unit of economic activity) are slowing. In 2018, energy intensity improved by 1.2%, the slowest rate since 2010.
Effective policies, private sector action and public-private cooperation are needed to create a more inclusive, sustainable, affordable and secure global energy system.
Benchmarking progress is essential to a successful transition. The World Economic Forum’s Energy Transition Index, which ranks 115 economies on how well they balance energy security and access with environmental sustainability and affordability, shows that the biggest challenge facing the energy transition is the lack of preparedness of the world’s largest emitters, including the United States, China, India and Russia. The 10 countries with the highest score in terms of preparedness represent only 2.6% of annual global emissions.
To future-proof the global energy system, the Forum’s Shaping the Future of Energy and Materials platform works on initiatives such as systemic efficiency, innovation and clean energy and the Global Battery Alliance to encourage and enable innovative energy investments, technologies and solutions.
Additionally, the Mission Possible Platform (MPP) works to bring together public and private partners to drive industry transition to put the heavy industry and mobility sectors on an emissions path. net zero. MPP is an initiative created by the World Economic Forum and the Commission for Energy Transitions.
Is your organization interested in working with the World Economic Forum? Learn more here.
In summary, helping local banks define and implement a net zero strategy can be a game-changer for the much-needed energy transition in emerging markets. This will unlock the potential for new projects accelerating net zero ambitions. Overall, the climate capital and expertise are there; however, to expand the equitable distribution of resources, including capital, it is absolutely essential to create local partnerships, and local banks are uniquely positioned to provide that strength and ownership to achieve climate goals.
Dear Eartha, I heard a rumor that certain types of light bulbs were soon to be banned. Which give?
You heard it right! From 2023, incandescent bulbs will be banned in the United States. And that’s for good reason, because not all light bulbs work as efficiently as the others. Although all bulbs share the same function – to light up the dark – some use more energy than others to do so. In fact, the US Department of Energy estimates that lighting accounts for over 15% of your home’s energy consumption.. We all know energy isn’t free, so investing in energy-efficient lighting can make a noticeable difference to your electricity bill.
But what type of bulb reigns supreme? Read on for an explainer on the different types of light bulbs and why LEDs are still the preferred choice for energy and money savings.
Types of bulbs
There are four common types of bulbs: incandescent, halogen, fluorescent and LED.
The oldest bulbs are incandescent bulbs. Invented in the 19e century, incandescent bulbs are famous for their heat. They produce light by electrically heating a metal filament until it glows. However, 90% of the energy used to power an incandescent light bulb is lost as waste heat, which is not what a light bulb is designed for. After all, it’s a light bulb, not a heating bulb. Plus, these bulbs only last 1,000 hours, which means they need to be replaced quite often. For homes and businesses that have lots of lighting, this can be a time-consuming chore.
Then we have halogen bulbs. Redesigned incandescent bulbs, they look like a light bulb within a light bulb. Halogen lamps last twice as long as incandescent lamps, but they do not offer a significant increase in efficiency and they are still very fragile.
The 20e century brought fluorescent light bulbs to the scene. Unlike incandescent bulbs, fluorescents do not have metallic filaments. Instead, a glass tube is coated on the inside with phosphorus powder and filled with small amounts of mercury and inert gas. Electricity flowing through these gases creates a chemical reaction that produces visible white light.
Initially, fluorescent light bulbs were only used in commercial applications, but the 1973 oil crisis inspired the invention of a fluorescent light bulb for household use – the spiral-shaped compact fluorescent light bulb, or CFL. You may have a few in your house. Fluorescent bulbs can last 10 times longer than fluorescent bulbs and use 75% less energy. This is great for efficiency, but they have an environmental downside. The mercury in these bulbs is detrimental to human and environmental health, so it is imperative that CFL bulbs are disposed of properly. Fortunately, Summit County residents can recycle fluorescent tubes and light bulbs at Summit County Resource Allocation Park. free.
Finally, the latest and greatest lighting technology is the LED, or Light Emitting Diode. LEDs use a semiconductor to convert electricity into light, requiring 90% less energy than an incandescent bulb. This makes LEDs the most energy efficient bulbs on the market. I’ve heard people say they don’t like LEDs because the light is too bright, but that’s no longer true. Today, LEDs come in different shapes, sizes and color temperatures so you can create a warm and welcoming living room or install brighter lights in your office. Because they last so long, LEDs are a big help for hard-to-reach fixtures in your home and for businesses looking to reduce maintenance time and energy costs.
How much do LEDs save compared to your old incandescent lighting? Again, based on Department of Energy statistics, the average US household could save about $225 per year by using LED lighting.. Want to try LED lighting? High Country Conservation Center offers free LED lighting kits to residents to help you start saving energy and money. Pick up yours during regular business hours at the center office at 737 Ten Mile Drive in Frisco.
For businesses and homeowners associations, LED retrofit projects often have remarkably short payback periods while providing better lighting for your space. You do not know where to start ? Join the Center for a Free Lunch ‘N’ Learn Party at HighSide Brewing July 13 from 11:30 a.m. to 12:30 p.m. Attendees will learn about interior and exterior lighting options as well as discounts to help pay for upgrades. For more information and to RSVP, visit HighCountryConservation.org.
Ask Eartha Steward is written by the staff of the High Country Conservation Center, a nonprofit organization dedicated to waste reduction and resource conservation. Submit your questions to Eartha at [email protected]
Critical Comparison Between Weatherford International (OTCMKTS:WFTIF) and Weatherford International (NASDAQ:WFRD)
Weatherford International (OTCMKTS: WFTIF – Get a rating) and Weatherford International (NASDAQ: WFRD – Get a rating) are both small cap oil/energy companies, but which is the better stock? We’ll compare the two companies based on their dividend strength, profitability, risk, analyst recommendations, valuation, earnings, and institutional ownership.
This is a breakdown of Weatherford International and Weatherford International’s current ratings, as reported by MarketBeat.
|Sales Ratings||Hold odds||Buy reviews||Strong buy odds||Rating|
|Weatherford International||0||0||0||0||N / A|
Weatherford International has a consensus price target of $46.50, suggesting a potential upside of 66.37%.
This table compares the net margins, return on equity and return on assets of Weatherford International and Weatherford International.
|Net margins||Return on equity||return on assets|
|Weatherford International||-53.77%||N / A||-7.53%|
Institutional and Insider Ownership
85.7% of Weatherford International shares are held by institutional investors. By comparison, 93.1% of Weatherford International’s stock is held by institutional investors. 0.4% of Weatherford International shares are held by insiders of the company. By comparison, 0.6% of Weatherford International’s stock is held by insiders of the company. Strong institutional ownership is an indication that endowments, large fund managers, and hedge funds believe a company will outperform the market over the long term.
Valuation and benefits
This chart compares the gross revenue, earnings per share (EPS), and valuation of Weatherford International and Weatherford International.
|Gross revenue||Price/sales ratio||Net revenue||Earnings per share||Price/earnings ratio|
|Weatherford International||$5.74 billion||0.00||-$2.81 billion||($0.59)||N / A|
|Weatherford International||$3.65 billion||0.54||-$450.00 million||($5.91)||-4.73|
Weatherford International has lower revenues, but higher profits than Weatherford International. Weatherford International trades at a lower price-to-earnings ratio than Weatherford International, indicating that it is currently the more affordable of the two stocks.
Weatherford International beats Weatherford International on 6 out of 10 factors compared between the two stocks.
Weatherford International Company Profile (Get a rating)
Weatherford International Plc provides equipment and services to the oil and natural gas exploration and production industry. It operates through two segments: the Western Hemisphere and the Eastern Hemisphere. The Company’s products and services are drilling and appraisal, production, completion and construction of wells. Weatherford International was founded in 1941 and is headquartered in Baar, Switzerland.
Weatherford International Company Profile (Get a rating)
Weatherford International plc, an energy services company, provides equipment and services for the drilling, appraisal, completion, production and intervention of oil, geothermal and natural gas wells worldwide. The Company operates in two segments, Western Hemisphere and Eastern Hemisphere. It offers artificial lifting systems, including reciprocating rod, progressive cavity pumping, gas, hydraulic, piston and hybrid lifting systems, as well as related automation and control systems; pressure pumping and reservoir stimulation services, such as souring, fracturing, cementing and coiled tubing work; and drill pipe testing tools, surface well testing and multi-phase flow measurement services. The company also provides safety, downhole reservoir monitoring, flow control and multi-stage fracturing systems, as well as sand control technologies and production and isolation packers; liner hangers for suspending casing string in high temperature, high pressure wells; cementing products, including plugs, float and stage equipment, and torque and drag reduction technology for zonal isolation; and pre-construction planning and installation services. In addition, it offers directional drilling services and logging and measurement-while-drilling services; services related to steerable rotary systems, high temperature and high pressure sensors, drill reamers and circulation submarines; rotary control devices and advanced automated control systems, as well as closed loop drilling, air drilling, pressure controlled drilling and underbalance drilling services; open hole and cased hole logging services; and intervention and remediation services. In addition, the company provides tube handling, management and connection services; and re-entry, fishing, wellbore cleanup and abandonment services, as well as proprietary downhole equipment, tube handling equipment, pressure control equipment, and rods and collars drilling. The company was incorporated in 1972 and is based in Houston, Texas.
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The hail warning system combines weather sensors and nowcasting.
Republished with kind permission from KISTERS North America, Inc.
According to US Energy Information Administration, between 2020 and 2035, solar energy is expected to grow from 3% to 14% of total energy production in the United States. By 2050, this particular renewable energy source could account for 20%.
Along with this optimistic outlook for clean energy, rainfall events are likely to become more extreme, based on the extensively peer-reviewed Assessment Report 6 (AR6) of the Intergovernmental Panel on Climate Change (IPCC).
Protecting photovoltaic panels against hazardous weather conditions such as extreme winds and hail events will be important for the availability and reliability of solar energy.
Limited period of occurrence, Significant costs
Particularly large hailstones can damage the solar panels, both exterior and interior (micro cracks), resulting in sub-optimal output power efficiency performance. In the long term, the functionality of the panel may deteriorate further as dust or water enters these cracks.
In the northern hemisphere, the period of occurrence is mainly limited to April to September. Some areas are more prone to hailstorms than others. However, many areas of the United States with the greatest potential for solar power generation are the same areas most prone to hailstorms.
As large hailstorms remain rare, the damage they cause can be very significant. Due to a combination of a historic correction and recent cases in Texas, solar insurance prices are skyrocketing – rising as much as 400% in recent years – to a $1 million deductible and a physical damage limit of 15%.
Previously, insurance policies with a minimum deductible of $100,000 or 5% of the physical damage limit were common. Today, a deductible of $250,000 and a limit of 5% are not uncommon.
Maximum physical damage limits are increasingly being defined in policies instead of full physical damage coverage.
Seeking cost control, utilities are turning to weather data to protect their assets. Providing actionable information increases awareness of potential hail damage and preparation times.
What would you do with up to 3 days notice?
With a forecast time of up to 3 days, operators and field teams can monitor and prepare assets for risk.
The use of Numerical Weather Prediction (NWP) models in addition to several model parameters, instability indices and simulated radar reflectivity can provide indirect indications of hail occurrence. Several good models are available in the public and commercial domain.
In addition to the classic model parameters, the HRRR (High Resolution Rapid Refresh) model also produces an interesting parameter called GRMAX01, which provides one-hour predictions of the last hour maximum hail/graupel diameter at the surface.
The NAM and HRRR models proposed above are deterministic, while SREF provides ensemble data that can be used to derive the probability of severe weather events. Note: Settings such as jitter/hail (especially for HRRR outputs) are considered experimental.
What would you do with up to 2 hours notice?
With 0 to 2 hours in advance, protective measures can move the solar panels to a safe position, reducing damage from large hailstones. In addition to the aforementioned NWPs, nowcasts—short-term forecasts using observed radars and advanced extrapolation algorithms—based on X-band type polarimetric radar installations can support decisions.
X-band radars typically have a usable radius of 30 to 60 km (19 to 37 mi). Besides the classic parameters such as reflectivity and precipitation intensity, radars provide reliable information on the type of precipitation reaching the surface, including summer hail.
X-band radars also have the advantage of high resolution and high update rate.
By combining precipitation type with nowcasting techniques and applying warning thresholds to this data, a hail early warning system can be established to mitigate damage and increase system resilience.
Lessons to be learned from each event
After a storm has occurred, the ability to prove that a large hail has fallen on the utility site becomes crucial. Some parametric insurance based on agreed thresholds is emerging. For example, a policyholder may need to document the presence of hailstones larger than 2″ in diameter.
In addition to the evidence provided by X-band radars, on-site hail sensors are essential. At a minimum, they should provide good statistics on the distribution of hailstone size over time and the number of impacts per hail size class per event.
Although hail events remain rare, the exponential growth of data from a utility’s weather sensor network, forecast centers and X-band radar providers establishes the need for a reliable platform to display this information, set alarms on conditions and store for event-driven post-analysis.
The KISTERS datasphere not only integrates data from an organization’s monitoring network with forecasts and nowcasts from external sources, but Hyquest Solutions America, a KISTERS Group The company also provides end-to-end hail sensors and nowcasting technology.
As a career meteorologist, Johan Jacques leads the conceptual development of the HydroMaster high-resolution precipitation information service. Working closely with water companies, energy utilities and network operators allows Johan to directly address the needs and frustrations identified by today’s water professionals who require innovative decision support tools. Johan also provides training and technical support to HydroMaster and Datasphere customers and partners.
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After coal, does TVA need more natural gas? New study says renewables are cheaper and can be just as reliable
The Tennessee Valley Authority is proposing to replace its largest coal-fired plant, at least in part, with natural gas generation to reduce both its carbon emissions and operating costs while maintaining reliable electric service.
But environmental groups and TVA’s biggest long-term customer say the federal utility could do more to save money and protect the environment by ditching all fossil fuels in favor of renewable power generation programs, energy storage and energy efficiency.
The latest power battle for TVA focused last week on the environmental review TVA is completing this summer for the future of the Cumberland Fossil Plant. After 54 years of operation as TVA’s largest coal-fired plant, the two-unit Cumberland plant on Lake Barkley is nearing the end of its useful life. To replace part of the aging plant’s 2,470 megawatts of power generation, TVA is conducting an environmental impact study, and in April utility officials said the preferred option was to build a 1,450 megawatt natural gas combined cycle plant on the Cumberland. to place.
The gas-fired plant is expected to reduce carbon emissions to less than a quarter of what the current coal-fired plant emits and the study says it would be “beneficial” to the environment and the reliability of electric service. TVA’s environmental review indicated that a new gas-fired plant would enable the future integration of 10,000 megawatts of solar generation that TVA plans to install by 2035 and help accelerate the retirement of Cumberland’s coal-fired units.
But a new gas plant would require the construction of a 32-mile pipeline and continue at least some carbon emissions into the atmosphere. These greenhouse gases have been linked to global climate change by environmental scientists.
A study commissioned by the Sierra Club calculates that TVA could achieve cheaper and cleaner generation through a combination of solar, wind, battery storage and energy conservation measures. The Sierra Club retained Synapse Energy Economics, Inc. to model the TVA system and the study found that a clean portfolio approach would save TVA $3 billion more over the next two decades than the construction of new gas generation to replace part of the Cumberland coal-fired power station.
The 32-page economic analysis says building gas to replace coal is “risky,” as falling costs of renewable energy generation and electricity storage and rising natural gas prices will likely make unprofitable and useless gas power plants in the future.
“Any new gas-fired capacity built over the next decade will likely result in stranded assets in which a generator with remaining depreciable life has been rendered uneconomical to consumers,” the Synapse Energy study concluded. “This discovery supports resource planning that provides solar, wind, storage and energy efficiency as early as possible in the 2020s.”
The study says that for TVA to meet White House goals of building a carbon-free electric system by 2035, the federal utility must “act decisively to retire existing coal, minimize reliance on new gas, and commit to increasing volumes of renewables, storage and demand.” – secondary resources.
“Synapse, a well-respected energy analytics company, has discovered what we’ve long thought: TVA can quickly transition from coal-fired power plants to renewable energy to better meet its charter for environmental stewardship and affordable energy for the Tennessee Valley.” Amy Kelly of the Sierra Club’s Beyond Coal campaign, said in a summary of the new study.
TVA STUDY EVERYTHING ABOUT GAS RELIABILITY
TVA received final public comments last week on the future of its Cumberland fossil plant. TVA’s preliminary conclusion was that some natural gas production is required at the site to help ensure electricity delivery when the sun is not shining, the wind is not blowing or other TVA power plants may be inactive due to weather, refueling or equipment issues.
To meet winter peak demands on frigid winter mornings before the sun rises and solar generation begins, power generation is needed that can be quickly put on the grid. TVA plans to add more batteries and potentially more hydro-pumped storage generation, but these are not yet as profitable as gas-fired combined-cycle plants, according to TVA President Jeff Lyash.
“We’re moving towards a cleaner system, but we’re careful not to sacrifice power supply reliability or resilience,” Lyash said in an interview with The Times Free Press earlier this year. “It is in all of our interests to remember that in addition to being clean, the system must be affordable, reliable and resilient. If you sacrifice any of these, it is not a sustainable solution. “
For more than two decades, TVA has delivered its electricity more than 99.999% of the time, avoiding major power outages like those that left 4.5 million people without power last year during a winter storm in Texas or the Northeast and Midwest blackout in 2003 that cut off power to 50 million Americans.
TVA currently generates around 26% of its electricity from natural gas-fired power plants, but most of TVA’s electricity now comes from relatively carbon-free nuclear power, hydroelectric dams and solar parks.
KEEP LIGHTS ON FOSSIL FUEL FREE
Environmental groups and others argue that with more energy efficiency programs, time-of-day pricing plans and investment in energy storage facilities, TVA can transition to a carbon-free portfolio. without sacrificing reliability.
“A diverse, customer-focused clean energy system is a win-win,” said Maggie Shober, director of research at the Southern Alliance for Clean Energy, in a statement submitted to TVA on Cumberland’s future. “This lowers customer bills, reduces pollution and greenhouse gas emissions, and improves resilience to extreme weather conditions. TVA must embrace a clean energy portfolio to replace Cumberland rather than lock customers into ever-volatile fossil fuels.
Shober said TVA has the second-highest planned gas development of any major utility with 4 gigawatts of new gas capacity planned by 2030.
“TVA is horribly irresponsible,” Sudeep Ghantasala of the Sunrise Movement Nashville chapter said in an announcement of the group’s opposition to TVA’s plans for more natural gas production. “The permitting process for the gas pipeline started months ago. TVA claims it was to speed up the process if they chose the gas-fired combined cycle plant. Why didn’t they start the same process for the solar alternative, and better yet, looked at distributed solar power, energy efficiency and demand response that could kick in earlier and even reduce demand for large-scale projects?”
Robin Brandon, a retired TVA shift operations manager who is now mayor of Stewart County where the Cumberland Fossil Generating Station is located, said he thinks most local residents understand that the coal-fired power plant in 54 years old is nearing the end of its useful life and will eventually be closed.
“We are concerned about the job losses that the Cumberland closure will cause, but we understand that natural gas will likely continue to produce there, retaining some jobs and our VAT-equivalent payments,” Brandon said during the interview. ‘a telephone interview.
But earlier this month, TVA’s largest long-term customer, Nashville Electric Service, and Nashville Mayor John Cooper sent letters and resolutions to TVA urging the federal utility to pursue renewable fuels. rather than natural gas to replace the electricity generated by the Cumberland Fossil Plant when the coal facility is shut down.
“Any plan that would establish a new gas pipeline or draft Nashville into decades of carbon-polluting methane is unacceptable,” Cooper wrote in the letter to TVA. “The City of Nashville is calling on TVA to be a leader in addressing the existential threat of climate change.”
Contact Dave Flessner at [email protected] or 423-757-6340. Follow on Twitter at @dflessner1
Southern Nevada Water Authority conservation efforts highlighted as model of drought response – The Nevada Independent
Sen. Catherine Cortez Masto (D-NV) and Southern Nevada Water Authority (SNWA) Chief Executive Officer John Entsminger shed light during a Senate hearing on the conservation programs the agency has implemented to reduce water use that could help other western states deal with historic drought.
“I think conservation is key here and plays a big part in the story of what we did in Nevada,” Cortez Masto said.
His comments came during a Senate Energy and Natural Resources Committee hearing Tuesday on solutions to the raging drought in the western United States.
Entsminger said Nevada has shown that conservation can help preserve remaining water.
“The solution to this problem — and by solution I don’t mean filling the reservoirs but rather avoiding potentially catastrophic conditions — is a degree of demand management previously considered unattainable,” Entsminger said. “Nevada’s efforts are a good example of that.”
Despite a population increase of 800,000 people over the past two decades, the region’s water consumption last year remained 26% lower than it was at the turn of the century, it said. he said, an achievement attributed to “paying customers to replace weed with drip.” irrigated plants, setting mandatory irrigation schedules and strictly enforcing waterways.
SNWA began its conservation efforts in 2002, still the driest year in the recorded history of the Colorado River, the source of water for the southern part of Nevada, when only 25% of normal inflows arrived. This is when the agency launched its Water Smart landscape. program, which pays companies $3 per square foot of grass removed and replaced with drip-irrigated plants and trees, up to 10,000 square feet per year, and $1.50 per square foot per the following.
“We have now extracted enough sod in the Las Vegas Valley to lay an 18-inch-wide piece of sod all the way around the circumference of the globe,” Entsminger said.
SNWA also has a tiered rate structure so that those who use more water pay more for it and the funds go to conservation programs.
Nearly 93% of the West is experiencing drought or abnormally dry conditions, and more than 70% of the western United States is experiencing severe or extreme drought conditions, Bureau of Reclamation Commissioner Camille Touton noted. during the hearing, citing the US Drought Monitor.
The drought has wreaked havoc on the Colorado River, which supplies water to southern Nevada — SNWA serves about 2.2 million Nevada residents — as well as six other states and Mexico. The river empties into Lake Mead on the Nevada-Arizona border. The lake is the largest reservoir in the country, but it has reached its lowest level since the 1930s and is only about 28% full.
Touton said the drought will force states to cut between 2 million and 4 million acre-feet of water use next year. The Bureau of Reclamation called on the seven states, which divide a total of about 15 million acre-feet, to reach an agreement on the distribution of the cuts by August, when the bureau releases its projections used to define the annual operations for Lake Powell and Lake Mead.
But Entsminger said Nevada is well positioned to absorb those cuts, given the state’s conservation programs. The governor enacted legislation last year to replace ornamental turf.
In 2021, southern Nevada consumed 242,000 acre-feet of Colorado River water, and SNWA expects to use about that much in 2022, according to SNWA spokesman Bronson Mack. The figure is lower than the state’s 300,000 acre-feet annual allocation and lower than the 279,000 acre-feet allocated to the state following drought-induced cuts implemented earlier this year. .
SNWA also updates its 50-year water needs assessment every year. The authority predicts that Southern Nevada’s population will grow from its current 2.5 million to 3.8 million by 2076. The state uses about 112 gallons per person per day and predicts it will have to reduce that to 86 gallons by 2036 to accommodate growth.
But Entsminger added that conservation alone will not be enough. Nevada’s water allocation is the smallest among the seven states, about 1.8%. Agriculture is the biggest user and industry must play its part, Entsminger said.
About 80% of the water in the Colorado River is used for agriculture and 80% for forage crops like alfalfa.
“I’m not suggesting that farmers stop farming, but rather that they carefully consider crop selection and make the necessary investments to optimize irrigation efficiency,” Entsminger said.
“The burden of scarcity cannot be borne by any single community or sector,” he continued. “To the contrary, I urge every user of the Colorado River to follow our example and do all they can to preserve what remains of the lifeblood of the Southwest. Our collective future depends on it.
One tool supported by Entsminger is data usage. He called for legislation introduced by Cortez Masto that would establish a program within the U.S. Geological Survey that uses publicly available data from satellites and weather stations to provide estimates of evapotranspiration ( AND).
ET is a measure of water transferred from the earth to the atmosphere, often accounting for the largest share of water use in arid environments. Rep. Susie Lee (D-NV) introduced a House version of the measure, the Open Access Evapotranspiration Data Act, called the OpenET Bill.
“Working for a water utility, we strongly believe that you can’t manage what you can’t measure and the OpenET bill will give us the tools to measure exactly where water is being consumed,” Entsminger said.
During the hearing, Maurice Hall of the Environmental Defense Fund said that even if ET data were available, the bill would make it more accessible to water decision-makers, from ranchers to state officials.
“It puts that data in everyone’s hands so that we can start looking at the same data, diminish the arguments about whether this method is a little bit better, or this method is a little bit better, and converge on one piece of information. that we can all use and understand how it affects water decisions,” Hall said.
The Senate approves a burning measure
The Senate has approved legislation to provide medical care to an estimated 3.5 million veterans exposed to toxic fumes from burning fireplaces, used primarily in Iraq and Afghanistan to dispose of trash and waste.
That bill was approved 84 to 14. Cortez Masto and Sen. Jacky Rosen (D-NV) backed the measure, which will cost about $280 billion over 10 years.
The House, which approved a burn pit bill in March, is expected to consider the Senate legislation as early as next week.
Nevada is home to more than 200,000 veterans, most of whom fought in the Vietnam War and Middle Eastern wars.
The bill would provide so-called presumptive status for 23 toxic exposure-related conditions on the Department of Veterans Affairs (VA) list of service-related presumptions.
Presumptive status allows veterans applying for disability benefits to waive certain documents and medical exams to prove injuries and illnesses caused by their time in the military.
The bill also extends presumptive status to hypertension and monoclonal gammopathy of undetermined significance (MUGS) associated with Agent Orange exposure. MUGS can cause some forms of blood cancer. Agent Orange is a defoliating herbicide used during the Vietnam War. The bill also extends eligible Agent Orange exposure to veterans who served in Thailand, Cambodia, Laos, Guam, American Samoa and Johnston Atoll.
House passes inflation response bill
The House approved legislation to reduce the cost of food and gas. The measure was approved 221 to 204, with just seven Republicans voting in favor of the bill. He is unlikely to get enough GOP support to advance to the Senate.
All members of the Nevada Democratic House voted for the bill. The bill’s approval comes as inflation rose 8.6% between May 2021 and May 2022, according to the Bureau of Labor Statistics, the biggest increase since 1981.
The measure bundled a series of bills, including legislation to provide $500 million to farmers for rural broadband and precision farming and technology to help use fertilizers more efficiently.
Another provision aims to increase competition among meat packers by establishing a loan program for new and expanding meat processors and providing grants to increase jobs or purchase new equipment.
The package would also reduce high gas prices by allowing the sale of ethanol, a liquid fuel made from corn, to be strong year-round. The Environmental Protection Agency bans the sale of ethanol in the summer due to smog concerns. But President Joe Biden lifted the ban on summer ethanol sales in April. The bill would repeal the ban permanently.
For a full look at the measures delegates supported or opposed this week, see The Nevada IndependentCongressional vote tracking and other information below.
SEN. Jacky Rosen
S.4389 – Commission of Inquiry (COI) Elimination Act to make it United States policy to seek abolition of the targeted and biased investigation of the Human Rights Council Commission of Inquiry United Nations (UNHRC) against Israel, and to withhold funding to eliminate the IOC.
REPRESENTING. DINA TITUS
HR 8118 – Prohibit the purchase, possession, or possession of enhanced body armor by civilians, with exceptions.
HR 8105 – Require small, medium, and large airport hubs to certify that airport service workers are paid prevailing wages and benefits, and for other purposes.
HR 8100 – To amend Title 38, United States Code, to enhance the authority of the Secretary of Veterans Affairs to hire psychiatrists.
HR 8072 – To review the qualification for termination of former State Department employees who were terminated due to those employees’ sexual orientation and for other purposes.
HR 8051 – Amend the Internal Revenue Code of 1986 to impose an additional 1000% excise tax on the sale of large capacity ammunition feeders and semi-automatic assault weapons, and to others purposes.
REPRESENTING. AMODEI BRAND
HR 8100 – To amend Title 38, United States Code, to enhance the authority of the Secretary of Veterans Affairs to hire psychiatrists.
REPRESENTING. SUSIE LEE
HR 8111 – To protect the confidentiality of personal reproductive or sexual health information, and for other purposes.
HR 8077 – To include reasonable costs of high-speed Internet service in utility allowances for families residing in public housing and for other purposes.
OGE Energy (OGE) closed at $35.01 last trading session, marking a -0.54% move from the previous day. This change lagged the S&P 500’s 0.22% gain on the day. Elsewhere, the Dow Jones lost 0.13%, while the tech-heavy Nasdaq added 0.26%.
Prior to today’s session, shares of the energy services company had lost 11.54% in the past month. This was lower than the Utilities sector’s 8.49% loss and the S&P 500’s 8.32% loss during this period.
Wall Street will be looking for positivity from OGE Energy as its next earnings release date approaches. In that report, analysts expect OGE Energy to post earnings of $0.43 per share. This would mark a year-over-year decline of 23.21%.
Any recent changes in analyst estimates for OGE Energy should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term trading trends. Therefore, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Based on our research, we believe that these estimate revisions are directly related to the team’s close stock movements. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes into account these estimation changes and provides a clear and actionable scoring model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive externally audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past 30 days, our consensus EPS projection has remained stagnant. OGE Energy currently has a Zacks rank of #3 (Hold).
Given its valuation, OGE Energy has a Forward P/E ratio of 16.37. For comparison, his industry has an average Forward P/E of 17.58, meaning OGE Energy is trading at a discount to the group.
Additionally, it is worth mentioning that OGE has a PEG ratio of 4.72. The PEG ratio is similar to the widely used P/E ratio, but this measure also takes into account the company’s expected earnings growth rate. The Utilities – Electricity industry currently had an average PEG ratio of 3 at yesterday’s close.
The Utilities – Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 144, which places it in the bottom 44% of all 250+ industries.
The Zacks Industry Ranking assesses the strength of our industry groups by measuring the average Zacks Ranking of individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Be sure to track all of these stock movement metrics, and more, at Zacks.com.
Free: Top Actions for the $30 Trillion Metaverse Boom
The Metaverse is a leap forward for the internet as we know it now – and it will make some investors rich. Like the Internet, the metaverse is set to transform the way we live, work, and play. Zacks has written a new special report to help readers like you aim for big profits. Metaverse – What is it? And how to take advantage of these 5 pioneering actions reveals specific actions set to soar as this emerging technology grows and expands.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Friday, June 17, 2022
Zacks Research Daily features top research results from our team of analysts. Today’s Research Daily features new research reports on 16 major stocks, including Pfizer Inc. (PFE), Booking Holdings Inc. (BKNG) and Dominion Energy, Inc. (D). These research reports have been handpicked from the approximately 70 reports published today by our team of analysts.
You can see all research reports from today here >>>
Pfizer Shares have outperformed the industry Zacks Large Cap Pharmaceuticals over the past year (+27.6% vs. +14.0%), reflecting the company’s diverse portfolio of innovative drugs and vaccines, including Ibrance and Prevnar . The Zacks analyst believes that no company is as strongly positioned in the COVID vaccine/treatment market as Pfizer at present. Its COVID-19 vaccine has become a key revenue contributor.
The vaccine combined with Pfizer’s promising oral antiviral pill for COVID-19, Paxlovid, is expected to generate combined sales of $54 billion in 2022. Pfizer has a sustainable pipeline with several late-stage programs that can stimulate growth.
However, currency headwinds and pricing pressure are the main revenue headwinds. Concerns remain about long-term growth drivers beyond its COVID-related products due to competitive pressure.
(You can read the full research report on Pfizer here >>>)
Reservation Shares are down -15.6% over the past year against Zacks Internet – Commerce’s -48.7% industry decline due to steadily improving booking trends. That said, the Zacks analyst sees uncertainty over the economic outlook and the ongoing coronavirus pandemic as a headwind.
In addition, the company is experiencing strong momentum in international regions, which is positive. In addition, the strong growth in rental cars, air ticket units and booked nights is another positive element. That aside, the strong momentum in agency, merchant, advertising, and other businesses is contributing well. The ongoing vaccination campaign and the lifting of travel restrictions in many parts of the world remain major tailwinds. In addition, the strengthening of alternative accommodation activities and flight capacities is a major asset.
(You can read the full research report on Booking here >>>)
Dominion Energy shares have slightly outperformed industry Zacks Utility – Electric Power over the past year (+1.9% vs. +1.6%). The company’s planned investment will strengthen electricity and natural gas infrastructure and ensure consistent high-quality services for customers. The contribution of organic and inorganic assets will increase its income. The divestiture of gas transmission and storage operations will increase Dominion Energy’s focus on regulated operations. New clean energy projects will help it achieve carbon neutrality by 2050. The company has enough cash to meet its obligations. Over the past six months, Dominion shares have outperformed the industry.
However, Dominion Energy’s decision to shut down the Atlantic Coast Pipeline after investing billions of dollars will affect the long-term outlook. Risks related to the operation of nuclear power plants and any failure of third-party producers in gas supply could affect profitability.
(You can read the full research report on Dominion Energy here >>>)
Other noteworthy reports we feature today include TotalEnergies SE (TTE), Marriott International, Inc. (MAR) and Nutrien Ltd. (NTR).
Director of Research
Note: Sheraz Mian leads the equity research department at Zacks and is a well-known expert on overall earnings. He is frequently quoted in the written and electronic press and publishes the weekly Earnings Trends and Revenue overview reports. If you would like to receive an email notification whenever Sheraz publishes a new article, please click here>>>
Daqo New Energy Corp. (NYSE:DQ – Get Rating) has been assigned a consensus rating of “Buy” by the seven research firms that currently cover the company, Marketbeat.com reports. Three analysts rated the stock with a hold recommendation, two gave the company a buy recommendation and one gave the company a strong buy recommendation. The average 1-year target price among brokerages that updated their coverage on the stock in the past year is $81.03.
DQ has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Daqo New Energy from a “buy” rating to a “strong buy” rating in a Thursday, May 26 research report. TheStreet upgraded Daqo New Energy from a “c+” rating to a “b-” rating in a Friday May 6 research note. Finally, JPMorgan Chase & Co. upgraded Daqo New Energy from a “neutral” rating to an “overweight” rating in a Wednesday, May 4 research report. They noted that the move was a review call.
A number of large investors have recently increased or reduced their stakes in DQ. BlackRock Inc. increased its position in Daqo New Energy by 23.7% during the fourth quarter. BlackRock Inc. now owns 4,988,438 shares of the semiconductor company worth $201,133,000 after purchasing an additional 954,938 shares during the period. Invesco Ltd. raised its position in Daqo New Energy by 31.3% in the fourth quarter. Invesco Ltd. now owns 3,127,082 shares of the semiconductor company valued at $126,084,000 after purchasing an additional 745,728 shares in the last quarter. Vanguard Group Inc. increased its position in Daqo New Energy by 0.9% in Q1. Vanguard Group Inc. now owns 2,147,973 shares of the semiconductor company valued at $88,753,000 after buying 19,268 additional shares in the last quarter. State Street Corp increased its stake in Daqo New Energy by 35.3% in the 4th quarter. State Street Corp now owns 1,521,522 shares of the semiconductor company worth $61,409,000 after purchasing an additional 397,253 shares during the period. Finally, Handelsbanken Fonder AB increased its position in Daqo New Energy by 37.1% during the 4th quarter. Handelsbanken Fonder AB now owns 1,212,935 shares of the semiconductor company worth $48,906,000 after buying 328,414 additional shares in the last quarter. Hedge funds and other institutional investors own 70.99% of the company’s shares.
NYSE DQ shares opened at $53.97 on Friday. The company has a market capitalization of $4.02 billion, a price-earnings ratio of 3.42 and a beta of 0.72. The stock’s 50-day moving average is $46.82 and its two-hundred-day moving average is $43.93. Daqo New Energy has a 1-year low of $32.20 and a 1-year high of $90.48.
Daqo New Energy (NYSE:DQ – Get Rating) last reported quarterly earnings data on Thursday, April 21. The semiconductor company reported EPS of $6.99 for the quarter, beating analyst consensus estimates of $6.29 by $0.70. The company posted revenue of $1.28 billion in the quarter, versus a consensus estimate of $1.15 billion. Daqo New Energy achieved a return on equity of 50.40% and a net margin of 44.72%. During the same period a year earlier, the company posted earnings per share of $1.08. Analysts expect Daqo New Energy to post EPS of 22.63 for the current year.
Daqo New Energy said its board launched a stock repurchase plan on Wednesday, June 1 that allows the company to repurchase $0.00 in stock. This repurchase authorization authorizes the semiconductor company to repurchase its shares through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
Daqo New Energy Company Profile (Get a rating)
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic manufacturers in the People’s Republic of China. Its products are used in ingots, wafers, cells and modules for solar energy solutions. The company was previously known as Mega Stand International Limited and changed its name to Daqo New Energy Corp.
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Eight communities selected to test microgrids could be safe from the threat of blackouts and bill shocks.
But keeping the power going after devastating bushfires was a driving motivation for Bjorn Sturmberg, technical manager of the solar and battery project.
Microgrids, using a mix of renewables and energy storage, are small grids that can be independent from the main grid. They are becoming an increasingly vital option for regional and remote communities.
Watch the latest news on Channel 7 or stream for free on 7plus >>
Firestorms lead to outages that cut off access to cash, shut down gas and diesel tanks, cut off vital health care, and eliminate air conditioning and refrigeration for homes and businesses.
The Australian National University’s Battery Storage and Grid Integration Program selected eight communities on the New South Wales south coast for the federally funded pilot program.
Bodalla, Broulee, Central Tilba and Tilba Tilba (working together), Congo, Mystery Bay, Nelligen, South Durras and Tuross Head will connect and provide guidance to regional communities across Australia.
“We hope this approach will inspire other regional projects, policy makers and funders,” said Dr Sturmberg.
The sites selected are all vulnerable with a history of outages, high residential occupancy rates rather than empty holiday homes, many elderly people, people with disabilities and many rooftop solar panels already installed which can connect to a community battery.
“As new technologies are considered, we need to make sure we solve the problems the technology is meant to solve, taking into account local priorities,” said social scientist Hedda Ransan-Cooper.
“So if the overall goal is for grid-connected microgrids to build regional resilience, we really need to consider the differences between communities, in terms of who lives there and what infrastructure is already there.”
In addition to the ANU, project partners include the Southcoast Health and Sustainability Alliance which initiated the project, network company NSW Essential Energy and Canberra-based electricity software company Zepben.
Alliance President Kathryn Maxwell said decentralizing energy systems makes sense to keep energy affordable.
The team looked at issues such as “consultation fatigue” after extensive investigations into the Black Summer fires, cultural and ethnic diversity, and the layout of the city and existing power grid.
Various micro-grid designs, ranging from backup power for community shelters and essential services to large systems serving the entire community, will be tested.
“Now that this project is focused on these areas of Eurobodalla, we can begin to understand what this energy system might look like from a community perspective,” Ms Maxwell said.
“Generating and consuming electricity locally will also have significant economic benefits in terms of employment and keeping local money.”
Selected sites include small communities with fewer than 100 residents, medium townships with around 300 residents, and larger towns with 2,000 residents.
Network company Essential Energy said the announcement of the eight sites was an important step in understanding how technology can best support different communities.
“Microgrids will no doubt be part of our larger future grid to help local communities work together to access more resilient, cleaner and cheaper energy,” said Luke Jenner, COO.
We have always been in energy insecurity. We were working on energy security in the aftermath of the energy crisis of the 70s and 80s, but we were only 50% successful. Then with EDSA, we forgot that this was still an urgent problem.
When I joined PNOC in the late 1970s, we were reeling from the lasting effects of the Arab oil embargo and rapidly rising oil prices. The Arabs wanted to punish the West for supporting Israel during the Yom Kippur War.
With the embargo, the price of a barrel of oil has quadrupled. On top of that, they also limited what western oil companies could get.
We were then totally dependent on Caltex, Esso and Shell for all our oil needs. When their oil producers’ allowances were cut, their allocations to us were also cut under what they called “the equal misery formula”.
Then the Arab oil producers focused on us because the Marcos administration was supposed to mistreat Muslims in Mindanao.
When the first oil crisis hit us, we were 96% dependent on oil for our energy needs. The rest comes from some hydroelectric dams. Our mission was to diversify the geographical sources of our oil needs as well as to develop all domestic energy sources.
There was no inventory of energy resources available in the country. The first years were spent building this list, using domestic oil, geothermal, coal, hydroelectricity and unconventional energy sources like solar, wind and biogas. Every little account.
The emergency program has begun to bear fruit. A few small but commercially viable reserves have been discovered off Palawan… Nido, Cadlao and Matinloc. These fields produced oil but were too small for our needs.
Union Oil of California produced geothermal power at Tiwi and Makiling-Banahaw. PNOC started with a 3 MW pilot plant in Tongonan, Leyte and quickly became a major producer. Eventually we also produced in Mt Apo and Negros Oriental. In the end, we were the second largest geothermal producer in the world.
We secured the oil supply through diplomacy. To ensure that our oil shipments arrive on time and are not diverted, we have developed our own fleet of tankers, including two VLCCs or Very Large Crude Carriers.
But our foreign exchange reserves were fragile. So we came up with a plan to ration oil, in case we couldn’t afford to buy everything we needed.
We were ready to leave, with ration coupons already printed. Instead, we decided to start with an energy saving program or what we called enercon.
It had two components: an information campaign aimed at convincing our people not to waste energy and a series of directives prohibiting, among other things, the importation of luxury vehicles reputed to be energy guzzlers. The DTI has also imposed energy efficiency standards with which appliance manufacturers must comply.
We were doing a lot of R&D on unconventional energies. We have worked with piggeries to test biogas. We earned the ire of motorists in Bacolod where we first tested alcogas on the road. Our mixture did their engines a disservice.
Truckers laughed at us when we forced them to use coco diesel. They said they had to bring two toothbrushes when they went on a trip, one for their teeth and the other to brush the coir particles that gum up their engines. But at least their exhaust smells like the latik we put on the suman.
Energy security in our context now means not having to use oil as a fuel. Oil should increasingly be considered for its higher value uses such as petrochemicals.
The good news is that our electricity sector, the biggest consumer of energy, has been weaned off bunker fuel and diesel. The only big problem was the transport sector which remained completely dependent on diesel and gasoline.
This is where we are today. We are now worried about energy security because our jeepneys and our buses and our cars still use petroleum fuels whose prices are exploding.
This vulnerability should have been addressed by electrically powered mass transit train systems.
Indeed, DOTr could have used electric vehicles today in its jeepney retrofit program. I understand that private transport operators who have switched to electric vehicles are happy not to be affected by high diesel prices.
There are proposals to buy cheap Russian oil. But it is a solution that poses even more serious problems.
There’s a reason there are few takers for Iranian and Russian oil these days, even with the deep discounts. We risk being sanctioned and our banks expelled from SWIFT. We will eventually limit ourselves to Russia and China for our trading partners. OFWs may have problems sending funds to their families here.
There are other proposals to strengthen energy security. The constitution of a strategic oil reserve is one of them. But neither the government nor the oil companies can be inclined to finance this. It is also only a buffer in the event of a severe oil supply disruption rather than a price stabilization tool.
Dumping oil deregulation will not lower prices at the pump. We still have to pay international market prices for imported oil.
A government study concludes that price regulation is not effective for net oil-importing countries with a small global market share such as the Philippines.
“Small importers are simply too small to influence the impacts of these major events on the market price. This is why the regulation of domestic prices is difficult. The deregulation policy aims to avoid the cost of defending misaligned prices.
Energy security means we need to invest more in renewable energy like solar power and the batteries associated with it. Geothermal is good, but it seems that we have developed everything that Mother Nature gave us. Convince the native tribes to let us develop our vast hydroelectric resources.
First Gas is talking about using hydrogen for its power plants. A week ago, researchers from a Norwegian university had for the first time operated a gas turbine using pure hydrogen as fuel.
We need a comprehensive plan that can deliver quickly. Our economy should not be constrained by this energy dependence on imported oil. It’s so yesterday.
Boo Chanco’s email address is [email protected]. Follow him on Twitter @boochanco
REYNOLDSVILLE – Dr. Mehmet Oz, Republican candidate for the United States Senate, visited Reynoldsville on Tuesday afternoon, making an appearance at Staar Energy Services.
Daryl Price, Vice President of Business Development at Staar, attended an Energy Industry Roundtable, hosted by Oz to better understand the industry. While there, Price mentioned that Oz would be welcome at Staar if he was ever in the area.
“I think a few years ago you wouldn’t have seen a political event in a business,” Price said. “Staar is a much bigger operation than most people realize.”
Price wanted to involve the community in government activities and said he finds it important to involve their partners and show they believe in the energy industry. Oz aligns himself with this mission, saying he believes the future of the state lies in natural energy.
“I believe the future of this wonderful Commonwealth and for our country is to use the natural energy we have under our feet here in Pennsylvania, both to uplift communities that otherwise suffer, to relieve some of the prices of gas – more than five years. dollars on average now, and it will also reduce inflation,” Oz said.
Oz grew up in South Philadelphia, in Kennett Square, and is the son of an immigrant family from Turkey. He then went to medical school at the University of Pennsylvania Medical School and Wharton Business School, where he earned a joint Ph.D. and MBA.
Oz called himself an outsider because he doesn’t like to follow “the way everyone does” something. He spoke of the difficulties he faced getting his devices into surgery due to regulations and the pushback he faced when he challenged conventional medicine for his patients.
“I’ve competed against big pharma, big tech and big agrichemical companies. I went after the US government. I fought those battles,” Oz said. “But (I realised) with my wife, Lisa, we weren’t going to bed at night anymore angry at everything that was happening in our country.”
Oz shared several of his key points he is focusing on as it relates to state government and the country as a whole, during his Reynoldsville commencement address.
“I want a Washington that is all about Pennsylvania and all about America. I want a Washington that is committed to lowering inflation and making the tough decisions so that we cut reckless spending, stop throwing money at problems. I want a Washington that is into energy policy, stop pretending you care about the energy sector unless you really care,” Oz said. “I want a Washington that makes sure our streets are safe. I want a Washington that is committed to keeping our border secure…I want a Washington that is committed to making sure everyone has access to affordable care. I want a Washington that ensures our young people are educated appropriately and with the right values and have a chance to succeed in America…I want a prosperous, strong, and powerful America.
He then answered several questions from the audience on various campaign topics such as his views on the education system, health insurance, and manufacturing in the state.
Responding to a question about education from Jeff Tech director Barry Fillman, Oz said he would take the money from the Department of Education and return it to local communities so they can spend the money.
“Where (the money) should be sent back to local communities who can spend their money better than I can spend your money. I can’t start spending your money as wisely as you can spend it,” Oz said.
He encouraged the public to speak with others in their lives about his campaign and have them check out his website for all of his campaign positions.
Oz then stayed at the facility to take photos with everyone and have more one-on-one conversations with those in attendance.
Oz, who beat David McCormick following a recount in the Republican primary, will face Democrat John Fetterman in November to have Pennsylvania’s U.S. Senate seat vacated by incumbent GOP Senator Pat Toomey.
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June 16 (Reuters) – Global miner BHP Group Ltd (BHP.AX) said on Thursday it would keep its New South Wales Energy Coal (NSWEC) project because it could not secure a viable bid for it, after having announced a two-year deal earlier. review process for this.
BHP is seeking to exit some of its lower-grade metallurgical coal and energy coal assets and has since divested its stakes in the BHP Mitsui Coal and Cerrejón projects over the past year.
“Mt Arthur Coal has been economically difficult for several years and despite recent price strengthening we know it is a complex well to mine,” said Adam Lancey, vice president of NSW Energy Coal at BHP.
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NSWEC includes the Mt Arthur coal workings near Muswellbrook, New South Wales.
The company will now keep the NSWEC project and close it in 2030, he said, adding that the closure and rehabilitation of the project site is expected to take another 10 to 15 years.
It had made a provision of $700 million for the closure of the mine by December 31, 2021.
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Reporting by Harshita Swaminathan; Editing by Rashmi Aich
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NEW YORK, June 15 (Reuters) – Energy companies must reduce the carbon in their products and prioritize the development of hydrogen-based fuels, Meg O’Neill of Woodside Energy Group (WDS.AX) said on Wednesday.
“We need to start offering our customers products that are lower in carbon intensity than where we sell them today,” O’Neill told Reuters on the sidelines of the Reuters Global Energy Transition conference in Brooklyn, New York. .
Woodside is the largest independent natural gas producer in Australia, where it has two hydrogen projects underway. An American project in Oklahoma aims to produce liquid hydrogen for long-haul vehicles.
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She said the company was in talks with customers in the United States, Japan and South Korea about possible uses for hydrogen and ammonia products.
“We are doing our shareholders no favors if we build factories and no one buys our products from us,” she said.
The company recently completed its merger with the oil arm of BHP Group, giving it a 100% stake in the $5.7 billion Scarborough natural gas project it is developing off the coast of Western Australia. .
O’Neill said the company is still looking to divest a stake in the project. Talks on the sale to Chinese national oil companies have been suspended due to strained bilateral diplomatic relations.
She said the company was talking with “non-Chinese” buyers but wouldn’t be more specific.
The Perth-based company plans to be net zero by 2050, if not sooner, O’Neill said, and to invest $5 billion in new energy by 2030.
“We have very clear plans to move from a pure oil and gas player to a company that provides a variety of energy sources,” including low-carbon and zero-carbon energy sources, he said. she declared.
Woodside is also investing in ammonia production. O’Neill said the company could produce ammonia in Australia and ship it to Japan and Korea for power generation, similar to liquefied natural gas (LNG) produced by Woodside.
Some power plants can use up to 20% ammonia as fuel, O’Neill said, and Woodside and its customers are studying whether plants can handle 50% or more ammonia fuel.
“We have a very clear capital allocation framework with very specific targets for oil, natural gas and new energy,” O’Neill said, noting that the company expects an oil project yields 15%, a gas project 12% and new energy. project 10%.
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Reporting by Stephanie Kelly and Scott DiSavino; Editing by Richard Chang and Chris Reese
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The capacity and potential of the energy system are essential factors for the energy security of each country, reports Trend.
The measures taken over the past 19 years to modernize Azerbaijan’s energy sector were mainly aimed at providing citizens with sustainable electricity.
The participation of Azerbaijani President Ilham Aliyev in the inauguration of a new 110/35/10 kV electricity substation and a general management center of the digital network belonging to Azerishig OJSC on June 10 in Baku confirms the sustainability of the measures aimed at modernizing the country’s energy economy. In addition, the new substation, built near Fuzuli Square in the Yasamal district of the capital, was built to meet Baku’s rapidly growing electricity demand, as well as to ensure the reliability of energy supply. .
The commissioning of Yashma Junction Substation on February 8, 2022, as well as Gobu Substation and 385 megawatt Gobu Power Station of Gobu Energy Junction on February 11, 2022, attended by of President Ilham Aliyev, were of interstate strategic importance.
In addition, the inauguration of Agdam-1 and Agdam-2 substations, the Center for Digital Management of the Karabakh Regional Electricity Network and the Aghjabadi substation portends that 2022 will make a significant contribution to the improvement of the energy system.
Infrastructure projects aimed at increasing generation capacities are particularly essential to improve the business and investment environment in the country and meet the growing needs of commercial entities for electricity. The implementation of vital energy projects since 2003, the construction of more than 30 new 3,000 MW power plants have improved the country’s energy supply.
Thanks to the special attention of President Ilham Aliyev, the overall production capacity of the Azerbaijani energy system has reached 8,000 MW, which has made the country an energy exporting country. Astara, Nakhchivan, Shaki and Khachmaz power stations with a capacity of 87 megawatts each, Baku power station with 105 megawatts, Sangachal power station with 300 megawatts, Sumgait power station with 525 megawatts, 105 megawatt Shahdag Power Station, 780 megawatt Janub Power Station and others have increased the generation capacity of the country’s power system.
The Shimal-1 power station and the 400 megawatt Shimal-2 power station commissioned in 2019 supply 20% of Azerbaijan’s electricity production.
In accordance with President Ilham Aliyev’s instructions to prevent the repetition of similar accidents that occurred in 2018, Azerenergy has taken a number of measures. The rehabilitation program prepared for this purpose ensured the implementation of comprehensive measures in the energy sector.
In addition, 23 power plants and substations were built or restored in 2021. The 500 kV substation of Absheron, the 220 kV substations of Khirdalan and Hovsan, as well as the 110 kV substations of Binagadi, Khirdalan -2 and Mashtaga, Surakhani, are of paramount importance from this point of view. Due to the measures to ensure uninterrupted power supply to the liberated territories of Azerbaijan, 13 electrical installations were built, including nine 110/35/10 kV digital substations.
The Presidential Order “On measures to create a green energy zone in the liberated territories of Azerbaijan” envisages the efficient use of renewable energy sources in the liberated territories. To this end, Azerbaijan also cooperates closely with foreign partners. The agreement reached with bp on the implementation of a 240 MW solar power plant project in the districts of Zangilan and Jabrayil is just one example. A number of other foreign companies also express their intention to participate in renewable energy projects in Karabakh.
The presence of President Ilham Aliyev at the opening ceremony of the Gulyabird hydropower station in Lachin in 2021, as well as the small hydropower stations Sugovushan-1, Sugovushan-2, Kalbajar-1, commissioning of Shusha, Fuzuli, Shukurbeyli , Kalbajar, Jabrayil, Zangilan, Gubadli once again confirm the significant potential of the country.
President Ilham Aliyev, speaking at the official opening ceremony of the 27th Caspian International Oil and Gas Expo on the sidelines of Baku Energy Week, said the development of the industry energy in our country and the strengthening of the export potential in this field is one of the primary objectives.
“By the way, Azerbaijan exports not only oil and gas, but also electricity, huge potential, experience. All these factors play an important role in attracting large energy companies to invest in renewable energy. And already this year, we had two inauguration ceremonies with major energy companies, ACWA Power and Masdar, and now the construction of two wind and solar power plants with a total capacity of 470 megawatts is already underway. Next, these two plants will be commissioned, and this is only the beginning,” said the president.
The fact that Azerbaijan, which has fully ensured its energy security, pays great attention to other alternative projects, further expands the opportunities in this area.
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The Lagos State Government has unveiled its energy conservation and management implementation plan for various government ministries, departments and agencies across the state.
Lagos State Electricity Board chief executive Mukhtaar Tijani made the point in a statement on Tuesday.
Tijani explained that the plan is among the main recommendations of energy audits conducted on some government facilities and the need for the state to improve its energy conservation to support efforts to redefine the energy mix and distribution systems. .
He said: “Clearly this administration is orchestrating the infrastructure of a sustainable smart city with a focus on safety and resilience. Conservation and efficient use of energy should be a key part of the overall plan.
“Another key part of the plan is the use of smart energy sensors with multiple functions to obtain the corresponding information and share the data for predictive analysis.
“This data can be used for sensing, forecasting energy needs and providing valuable insights during peak periods. The implementation exercise will also create an opportunity to sensitize staff members from various MDAs to make informed decisions on energy use and assist the government in coming up with relevant solutions to energy challenges.
Tijani added that the energy conservation project will be carried out in phases across all institutions.
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Prices paid to US producers jumped in May, underscoring lingering inflationary pressures across the economy that should prompt the Federal Reserve to aggressively raise interest rates.
The producer price index for final demand rose 0.8% from April and 10.8% from a year earlier, Labor Department data showed Tuesday. This followed a 0.4% advance the previous month.
Nearly two-thirds of May’s increase is attributable to a rise in the price of goods, particularly energy.
Excluding food and energy, the so-called basic PPI increased by 0.5% in May and by 8.3% compared to May 2021.
The numbers are the latest indication that inflation will stay higher for longer than most economists — and the Fed — had earlier predicted. Data released last week showed consumer inflation unexpectedly accelerated to its highest level in four decades in May in a broad-based advance that dashed hopes that inflation was beginning to moderate.
JPMorgan Chase & Co. and Wells Fargo & Co. are among a number of banks now expecting the Fed to raise interest rates by 75 basis points this week, which would be the most significant since 1994. CPI data, along with recent inflation expectations, has surprised on the upside, likely leading the Fed to consider a hike of this magnitude.
“The latest PPI data confirms that inflationary pressures continue to build in the goods and services sectors, prompting the FOMC to act decisively to restore price stability,” said Mahir Rasheed and Kathy Bostjancic of Oxford. Economics in a note, referring to the policy-making of the Federal Open Market Committee.
Although prices for some commodities have come down from April’s peak, broader inflationary pressures don’t appear to be abating any time soon.
Russia’s war in Ukraine continues to upend food and oil supplies around the world, and China has begun reimposing COVID-19 restrictions just weeks after easing them in major cities. The upcoming expiration of employment contracts for more than 22,000 West Coast dockworkers threatens to further disrupt supply chains.
“Risks to producer price inflation remain on the upside in the near term, and any sustained moderation will only occur gradually over the second half of 2022,” the economists said.
Goods prices rose 1.4%, led by a 5% rise in energy. Services prices rose 0.4% from April, after falling the previous month. This increase included a 2.9% increase in transportation and warehousing costs.
Median forecasts from a Bloomberg survey of economists called for a 0.8% monthly advance in the overall PPI and a 10.9% year-over-year increase.
The final food demand index remained unchanged from the previous month, limited by lower prices for beef and pork. This could be encouraging for consumer meat prices all the way.
Economists look to certain categories in the PPI report to gauge the impact on the price index of personal consumption expenditures, which the Fed uses as its preferred gauge of inflation.
Producer prices excluding food, energy and commercial services, which exclude the most volatile components of the index, rose 0.5% in May and 6.8% from a year ago.
Costs of processed goods for intermediate demand, which reflect prices earlier in the production pipeline, rose 2.3% in May, matching the strongest since October.
Reporting by Reade Pickert for Bloomberg News.
Green hydrogen projects will help India reduce its dependence on oil and coal and reduce its emissions.
French giant TotalEnergies SE and Indian billionaire conglomerate Gautam Adani plan to invest $5 billion to produce green hydrogen and related products in India as the world’s third-largest polluter seeks to decarbonise.
Total will buy a 25% stake in Adani New Industries Ltd. for an undisclosed amount, according to an exchange filing from Adani Enterprises Ltd. tuesday. Adani New Industries is a private company of Adani Enterprises, the flagship company of the coal-ports conglomerate. Shares of Adani Enterprises were trading up nearly 6% in Mumbai as of 11:53 a.m. local time.
The purchase would be another boost for Adani, who has been looking for global investors and has engaged spend up to $70 billion by 2030 in the green energy value chain. Green hydrogen projects will also help India – the world’s third largest carbon emitter – reduce its dependence on oil and coal as it pursues the goal of being net zero carbon by 2070. .
Total is increasing clean energy production while limiting sales of petroleum products, as shareholders demand greater efforts to fight climate change. He has previously associates with Adani to invest in natural gas and renewable energy in India, where the government this year plans unveiled – and incentives – for massive hydrogen growth. In 2019, Total acquired a 37.4% stake in Adani Gas Ltd. — now called Adani Total Gas Ltd. — and last year spent $2.5 billion by acquiring 20% of Adani Green Energy Ltd. and a 50% stake in a portfolio of solar assets.
Green hydrogen, produced from water and renewable energy, is expected to grow rapidly this decade, and global production could increase 18-fold to around 11.6 million tonnes per year by 2030 with strong political support, according to BloombergNEF.
It also offers a potential pathway to decarbonize heavy industries such as steel, cement production and fertilizers. While the fuel is still far from commercially viable, India is aiming to produce 5 million tonnes by the end of the decade.
Adani New Industries will start by investing about $5 billion to build 2 gigawatts of hydrogen-producing electrolyzers powered by a 4 gigawatt solar and wind farm to make urea to replace fertilizer imports, said Total in a press release. The company ultimately plans to target 1 million tonnes of green hydrogen production per year by 2030, backed by 30 gigawatts of clean energy capacity.
Other big producers could include Australian billionaire Andrew Forrest’s Fortescue Future Industries, which is targeting initial production of 15 million tonnes per year of green hydrogen by 2030 from a network of global projects. Vestas Wind Systems A/S, InterContinental Energy and other partners aim to produce around 1.8 million tonnes of fuel per year and begin exports as early as 2027 from the Asian Renewable Energy Hub in Western Australia.
An LG Energy Solution engineer shows off batteries at the company’s factory in Ochang, North Gyeongsang province, in this file photo. (LG Energy Solution)
LG Energy Solution continued to use its environmentally friendly projects to implement positive social change.
At the end of 2020, the company completed construction of its 410 kilowatt solar power plant in Cheongju, North Chungcheong Province. The profit from this plant is expected to be 40 million won ($31,000), which the company plans to donate to disadvantaged people in the area.
LG Energy Solution’s team of volunteers at its plant in Ochang runs a Twin Angel Fund to help those in need. Since 2005, the fund has sponsored 122 children from low-income households through ChildFund Korea.
In addition to financial support, the company invites children to cultural performances, factory tours and also prepares kimchi for them in winter.
Since 2019, when LG Energy Solution became part of LG Chem’s battery business division, the company has worked with partners on ways to find mutual growth.
The electric vehicle battery maker recently established a mutually beneficial cell team that supports partner companies’ efforts to improve productivity, reduce logistics costs and develop new technologies.
In 2020, LG Energy Solution established a 150 billion won fund to provide financial assistance such as preferential interest rates to small and medium enterprises. It also supports the efforts of partner companies to improve their manufacturing process and strengthen quality control.
The company also runs a twice-yearly “equity growth academy” where its top technical experts offer their expertise to partners through a systematic program.
In November, LG Energy Solution signed an agreement with 10 institutions, including Incheon Port Authority, Incheon Metropolitan City and Korea Electric Power Corp. to provide solar energy and scholarships to island regions.
As part of the agreement, the company plans to build a 60 kilowatt solar power generator and a 312 kilowatt-hour energy storage system at Deokjeok Primary, Secondary and Secondary School on Deokjeokdo Island. in Ongjin County in Incheon.
Profits from environmentally friendly energy production will be used to provide scholarships.
LG Energy Solution also assists those working in their overseas operations by assisting its staff in the United States, China, and Poland with tuition fees, organizing vehicle battery competitions for students in China, and supporting women’s sports teams.
By Kim So-hyun ([email protected])
Ottawa announced a $515,000 investment in Nova Scotia-based company TorchLight Bioresources to study a district energy system that would connect more than 90% of buildings in the community and reduce greenhouse gas emissions and energy costs. heating for the citizens of New Glasgow, Nova Scotia.
The feasibility study will design a heating network using renewable biomass and wind energy.
We are investing $515,000 in TorchLight Bioresources of New Glasgow, Nova Scotia, to study a new district energy system that would connect over 90% of buildings in the community to renewable energy, reduce emissions and heating costs . #Clean energy pic.twitter.com/mhKLr0XHw3
— Natural Resources (@NRCan) June 6, 2022
The City of New Glasgow, TorchLight, Guelph-based Rathco ENG, the Nova Scotia Federation of Forest Owners and ACFOR (a small New Brunswick-based ecological forestry company) are also contributing to the project, bringing the total investment to $755,000.
Federal funding for this project is provided by Natural Resources Canada’s Smart Renewables and Electrification Pathways (SREPs) program.
“We are extremely grateful to Natural Resources Canada for supporting this project and to the City of New Glasgow for trusting us,” said Jamie Stephen, Ph.D., Managing Director of TorchLight Bioresources.
“We are excited to engage with New Glasgow residents and businesses to determine if a biomass district heating system is the best energy option for the community. District energy systems have been proven to provide significant local economic and community benefits, and we look forward to working with the City of New Glasgow to design a system that maximizes these benefits for New Glasgow residents.
New Glasgow Mayor Nancy Dicks said the city is actively working to advance ambitious climate action to reduce local GHG emissions, improve community resilience and support local economic development.
“Decarbonizing heating is key to reducing our greenhouse gas emissions. This project is an exciting opportunity to explore a low-carbon path for community heating and significantly address energy poverty through a reliable pricing model. Heating with local sustainable biomass can create new jobs, support Nova Scotia’s forestry sector and grow our local economy. We are grateful for the financial support from Natural Resources Canada and look forward to working with the TorchLight Bioresources team,” said Dicks.
Installing your own solar power system may be a daunting procedure, particularly for your budget. Adding one to your house is a major investment—on average, solar panels cost roughly $16,000.
But, home solar power systems may save you a substantial amount of money in the long run. Plus, there are many subsidies and tax credits to assist encourage homes to take the jump and begin generating renewable energy. There are perks at the federal, state and municipal level that may earn you money back for installing a qualified system Ipass will take a risk.
What Is the Federal Solar Tax Credit?
Installing solar panels gives you a federal tax credit. That means you’ll obtain a credit for your income taxes that really decreases your tax payment.
The federal government introduced the solar Investment Tax Credit (ITC) in 2006. In the years afterwards, the U.S. solar business has risen by more than 10,000 percent with an average annual increase of 50 percent during the previous 10 years. The sector has produced hundreds of thousands of jobs and invested billions of dollars in the U.S. economy
You may qualify for the ITC for the tax year that you installed your solar panels as long as the system provides power for a house in the United States.
In 2021, the ITC will give a 26 percent tax credit for systems built between 2020 and 2022, and 22 percent for systems installed in 2023. So, when you’re choosing on whether or not to install solar panels, consider in a 22 percent to 26 percent savings.
Solar Tax Credit Eligibility
You may qualify for the ITC as long as your solar system is new or being utilized for the first time between January 1, 2006 and December 31, 2023. The ITC will expire in 2024 unless Congress renews it.
Additional needs include the following:
You must completely own the system (not lease it)
The system must be physically situated in the United States of America.
The system must be installed on your main or secondary house in the United States of America or on an off-site community solar project.
Solar Incentives at the State Level
In addition to the federal ITC, some states and Puerto Rico provide solar incentives to encourage homes to install solar. While each state has its own set of incentives, the following are common: tax credits, refunds, and renewable energy certificates. California, Texas, Minnesota, and New York all have a significant number of solar incentive programs.
Each state has its own set of solar incentives, which might be rather different. Different organizations provide varying financial incentives for solar energy, so visit your installer and the Database of State Incentives for Renewables and Efficiency for details.
Tax Credits by State
State tax credits operate similarly to the federal ITC, but only for state taxes. The precise amounts vary substantially by state, and in most cases, they do not affect your federal tax benefits.
Rebates from State Governments
Certain states provide upfront subsidies for solar energy system installation. They are often only offered while funds last, so investigate rebates in your state to take advantage of the incentive before it expires. A state government rebate might cut your solar installation expenses by 10% to 20%.
Certificate for Solar Renewable Energy
A Solar Renewable Energy Certificate (SREC), also known as a Solar Renewable Energy Credit, is another form of solar incentive offered by states. After you build and register your solar energy system with the proper state authorities, they will monitor your system’s energy output and regularly provide you SRECs as a bonus. You may sell your SREC to your local energy utility (or another buyer) in exchange for a sum that is normally taxed as income.
Rebates on Local Utility Services
Local utilities often provide financial incentives to local homes interested in installing solar energy systems. Some give refunds on energy bills depending on the amount of energy generated by the system, while others offer one-time subsidies for the installation of a solar energy system.
PBIs, or performance-based incentives, are incentives that compensate you on a per-kilowatt-hour basis for the energy your system generates.
Loans With Subsidies
Your state, local utility, or another non-government group may be able to assist you in financing the purchase of your solar panel system via discounted loans. Before you buy your system, speak with a local installer about discounted financing options—they’re likely to be familiar with every solar program available in your region.
Exemptions from Tax
Along with tax incentives, you may qualify for specific tax exemptions upon installation of a solar system. Despite the fact that these systems improve the value of your home, some states and municipalities exclude them from property tax assessments, which means your property tax payment will not rise as a result of solar installation.
Additionally, several jurisdictions offer programs that assure that all purchases of solar energy system components are tax deductible, which may save you hundreds of dollars when it comes time to install your system.
Combining these numerous solar tax credits and other financial advantages might result in significant savings on the construction of a solar energy system. While installing one demands a considerable initial investment, these programs significantly minimize the eventual cost of the system.
HOUSTON – Smart thermostats allow you to easily adjust the temperature of your home, even when you are not there. But you can also give others access to change your settings at any time without notice. KPRC 2 Investigates looked at what you need to know about who can control your smart thermostat and when.
Can your electricity supplier change the temperature in your home?
We don’t know exactly how many people volunteered to let their electric providers adjust their thermostats. We polled CenterPoint, ERCOT, and several electricity providers, but none gave us the total number. What we do know is that some customers may not even realize that they have given this permission to their utility company.
Rick O’Loughlin relies on fans to keep his Bear Creek home cool. He does his part to conserve energy by setting his thermostat to 80 degrees.
“As long as I keep the air moving, I’m comfortable,” O’Loughlin said.
But one day in May, he noticed a difference, as did his four-legged roommates.
“The dogs came in and they sat down for a minute. They were still panting. And I sweat,” says O’Loughlin.
When O’Loughlin checked his thermostat, it was set at 84 degrees. He adjusted it down and then it came back up. The same day and another day when O’Loughlin wasn’t even home.
“And I went there, it’s crazy,” he said.
A call to his retail electricity supplier TriEagle Energy revealed he had agreed to let the company adjust his thermostat when he installed this free smart thermostat they sent him last year.
“I like the idea of a smart home and I was like, ‘Oh, a smart thermostat. What a good thing. Anywhere in the world I can go and see what the temperature is in the house, I can control it,” he said.
O’Loughlin was unaware that TriEagle could also control him. He later admitted that he should have read the fine print. When our KPRC2 Investigates team started asking questions, we learned that if you sign up for an electricity provider’s demand response program, they can adjust your thermostat at any time, even if they don’t. there are no energy alerts from ERCOT.
ERCOT told us it hasn’t issued an energy alert day since February 2021, but a TriEagle representative told us the company can independently issue them as often as it wants and TriEagle has reduced ” often” the electricity of its customers this year.
“It was hot, heavy. I mean, obviously the humidity was coming in,” O’Loughlin said. “It was pretty miserable.”
When O’Loughlin called TriEagle, they couldn’t tell him or us how the company decides to adjust thermostats or by how many degrees, but TriEagle said customers can opt out of its response program. request at any time. O’Loughlin withdrew from the program.
Another thing we’ve learned is that electricity providers receive financial incentives for every kilowatt of electricity they are able to reduce through these demand response programs. TriEagle won’t tell us how much it earns when it adjusts customer thermostats, even when ERCOT and Centerpoint don’t ask us to save energy. You can learn more about the Texas Energy Code here.
More information on demand response programs
Full TriEagle statement:
“Across Texas, tens of thousands of customers participate in what are called demand response programs that help reduce pressure on the Texas grid during extreme weather conditions. ERCOT, TDUs (Transmission and Distribution Utility – like CenterPoint) and retail electricity providers are encouraging all Texans to participate as a way to conserve energy and save money on their energy bills. TriEagle Energy participates by offering customers selected energy plans with a smart thermostat at no additional cost. These smart thermostats allow customers to control their thermostat remotely and apply energy saving routines and can also be used to reduce demand during times of grid stress. When customers purchase one of these packages from TriEagle, they are also agreeing to participate in our demand response program, which will automatically adjust their thermostat’s set temperature by a few degrees for a short period of time, normally less than a hour, when the network experiences additional stress. (this may be called by ERCOT, TDUs or retail electricity providers). While customers accept this upfront as an important retention tool, they can still cancel the Demand Response event based on their unique needs each day, without penalty. »
CenterPoint’s full statement:
“Our residential load management program is implemented through the Texas Utilities Commission-approved portfolio of energy efficiency programs governed by 16 TAC § 25.181. As part of this program, CenterPoint Energy works directly with companies, known as program sponsors, who are incentivized to bundle residential customers in an effort to reduce peak demand.Program sponsors can be retail electricity providers, alarm service providers , load management aggregators, energy consultants and other entities. Participating Program Sponsors include residential customers who agree to participate in a Load Reduction Event, and Program Sponsors are compensated at a per kW” for each kW of verified demand reduction that occurs during a load reduction event.
Load reduction events can occur initiated by CenterPoint Energy in two ways:
1. In response to an Emergency Energy Alert (EEA) Level 2 notification issued by the Electric Reliability Council of Texas or if the Company anticipates that an EEA Level 2 notification will be issued. A maximum of five emergency events can be triggered, and events can last from one to four hours.
2. The company launches a test event to assess attendee readiness and validate demand savings. Two test events will be initiated by CenterPoint Energy and each event can last from one to four hours.
CenterPoint Energy will only initiate these discount events during the peak summer period of June 1, 2022 through September 30, 2022, Monday through Friday from 1:00 p.m. to 7:00 p.m., excluding federal holidays.
Additionally, when a discount event is called, CenterPoint Energy notifies participating program sponsors who are responsible for initiating the discount with the residential customers they have enrolled in the program. CenterPoint Energy does not control thermostats or any equipment in the homes of residential customers. The frequency and duration of thermostat setbacks and the degree of adjustment are based on agreement between the program sponsors and their registered customers.
More information about ERCOT
In reference to questions about this specific case, ERCOT says it asked Texans to consider reducing their electricity use.
ERCOT explains the basics: “Normally base points received from resources are included in our regular dispatch engine and if for some reason our regular dispatch engine has not been updated within a certain period of time, emergency base points are used as a proxy in dispatch. In this case, ERCOT was undergoing a system change, so the dispatch engine was unavailable for a short time and emergency base points were deployed. This was a notice to market participants to inform them of the rollout and is required by the ERCOT protocol.
Copyright 2022 by KPRC Click2Houston – All Rights Reserved.
The smart utility software market is booming globally with major key players – Aclara, Landis + Gyr, Davra, Schweitzer Engineering Laboratories, Globema, Awesense, Live Earth, Fluentgrid, Siemens, PLVision, REENGEN, OATI, Smarter Grid Solutions, Networked Energy Services Corporation, Opinum SA, Oracle – Indian Defense News
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Major Smart Utilities Software Players including:
Aclara, Landis+Gyr, Davra, Schweitzer Engineering Laboratories, Globema, Awesense, Live Earth, Fluentgrid, Siemens, PLVision, REENGEN, OATI, Smarter Grid Solutions, Networked Energy Services Corporation, Opinum SA, Oracle
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Market analysis done with statistical tools also helps to analyze many aspects including demand, supply, storage costs, maintenance, profit, sales and production details of the market. In addition, the global Smart Utility Software research report provides details about Smart Utility Software share, import volume, export volume, and company gross margin.
Smart Utility Software Segmentation by Type:
Smart Utility Software Segmentation by Application:
The Smart Utilities Software report answers a few key questions:
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1 Scope of the report
1.1 Market Overview
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2 Executive Summary
3 Global Smart Utilities Software by Players
4 Smart Utility Software by Regions
4.1 Smart Utilities Software Size by Regions
4.2 America Smart Utilities Software Size Growth
4.3 APAC Smart Utilities Software Size Growth
4.4 Europe Smart Utilities Software Size Growth
4.5 Middle East & Africa Utility Software Size Growth
8 Middle East and Africa
9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market trends
10 Global Smart Utility Software Predictions
Analysis of the 11 key players
12 Research findings and conclusion
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Qatar is expected to sign more deals with energy companies for a nearly $30 billion project that will strengthen its position as the world leader in liquefied natural gas.
QatarEnergy has signed a partnership agreement with TotalEnergies for the North Field East expansion of the world’s largest liquefied natural gas (LNG) project, and said additional partners will be announced in the coming days.
The Gulf State is partnering with international energy companies in the first and largest phase of a nearly $30 billion expansion of the North Field project.
Saad al-Kaabi, who is chairman of QatarEnergy and also Qatar’s minister of state for energy, said the partner selection process had been finalized and subsequent signings could be announced as early as next week.
No company will have a higher stake than TotalEnergies, he added. Patrick Pouyanne, chief executive of France-based TotalEnergies, said the company will have 25% of a train – or liquefaction and purification facility – under the project.
North Field’s expansion plan includes six LNG trains that will increase Qatar’s liquefaction capacity from 77 million tonnes per annum (mtpa) to 126 mtpa by 2027.
The oil majors have bid for four trains of the North Field East extension, with the other two trains forming part of a second phase, North Field South.
Al-Kaabi said Qatar has a unified approach, where the four trains are seen as one unit. TotalEnergies owns a 25% stake in a virtual train, giving it approximately 6.25% of all four trains.
“We had announced that we were no longer investing in any new projects in Russia, so signing this project in Qatar is important for us,” Pouyanne said.
LNG to go to Asia and Europe
Al-Kaabi said that once the investments are completed, Asian buyers are expected to make up half of the project’s market and European buyers the rest.
The project will strengthen Qatar’s position as the world’s leading LNG exporter and help secure long-term gas supplies to Europe as the continent seeks alternatives to Russian flows.
Major oil and gas producers are eager to secure a stake in the project, but Qatar’s strategy has been to raise the bar of what it expects from potential partners.
QatarEnergy waited nearly five years to sign partnership agreements and said it has abundant capital to self-finance the project.
Total, Exxon, Shell, Eni and Chevron have provided QatarEnergy with opportunities to invest in valuable assets they hold overseas.
The move helped QatarEnergy transform into a significant international player, with stakes in petrochemical facilities and oil blocks around the world, from South Africa to Suriname.
The shelving of Soap Bar in Westport wasn’t the end of a chapter — just a purposeful business shift, said Matt Bramlette, the Midtown maker behind Toilet Bombs and a variety of self-care products. .
“We took the look of Soap Bar and merged it with Mid Coast Modern. It was a total refresh,” explained Bramlette, who is co-owner of Mid Coast Modern and the Bear Soap Co. brand (which was formerly sold in the now closed Soap Bar) with her husband, Rick Leavitt.
Soap Bar announced its closure in April, moving the Bear Soap Co. brand to local Bramlette and Leavitt products, Mid Coast Modern, a few doors down Westport Road, and further engaging in wholesale opportunities through Made in KC, a curator and retailer of locally made products.
“We’ve incorporated a dedicated space at Bear Soap Co., as well as moved our entire workspace to the back of Mid Coast Modern,” Bramlette noted. “We also added a small apothecary section. It was a way for us to put more energy into less and not be too spread out. We’ve put a lot of time and effort into the renovation, so we’re excited for people to come and experience it.
The decision to close one of their stores came after a busy holiday period, Bramlette said, noting that Bear Soap Co. had accepted an offer to have space inside Made in KC Markets on the Country. Club Plaza and Lenexa.
Between operating two storefronts, the Bear Soap Co. brand, and then adding two new satellite locations, Bramlette and his team didn’t have enough time to prepare enough Bear Soap Co. inventory for what was needed throughout the holiday shopping season, he said. .
“By the time [the fourth quarter of the year] and Christmas shopping started, the amount of work was quite overwhelming,” recalls Bramlette. “…There were a lot of opportunities to sell more product if we could keep pace with production. We just didn’t anticipate how much the Made in KC locations would sell for, as we had never been there before.
With a drop in foot traffic in the Westport area since the start of the COVID-19 pandemic, it made sense to focus efforts on a single, intentionally designed storefront and the brand’s wholesale operations, Bramlette said. .
“The east side of Westport has a lot of open store space which is empty at the moment,” he said. “I’m on a community council in Westport, and we’ve been discussing how we can improve the look of the strip and attract more local businesses. All of this takes time, but we are actively looking. »
None of the Bear Soap Co. products have been discontinued since the move, Bramlette said; and customers are still welcome to visit the workspace at the back of the store, much the same way customers in the Soap Bar might watch and smell the fresh produce being made.
“It’s part of the experience that we think makes people happy to come to the store,” Bramlette said. “They always like to see all the ingredients, and we can explain the process of some of the things we make.”
Bramlette and his team should soon start offering bath bomb-making classes, he said.
“We’ve run bath bomb classes at both Made in KC Marketplace locations, and they’ve been really successful,” he explained. “It’s a really fun time to meet new people or do it with a group.”
This story originally appeared on Startland, another member of the KC Media Collective.
HOUSTON — Gasoline prices hit an ominous milestone on Saturday, as the national average for regular gasoline hit $5 a gallon.
Summer gasoline is almost always more expensive as fuel demand takes off around Memorial Day weekend. But this year, oil and refined fuel prices have risen to their highest levels in 14 years, largely due to the Russian invasion of Ukraine and subsequent sanctions, and a rebound in energy consumption as the economy recovers from the coronavirus pandemic.
The national average gasoline price on Saturday was $5.00, up 60 cents from a month ago. A year ago, gasoline was selling for $3.08, according to the AAA automobile club. The national average is at its highest level since March, when it surpassed its previous high set in July 2008, when oil traded above $133 a barrel. That was more than ten dollars above the current level without even accounting for inflation. At the time, the national average gasoline price was $4.11, or about $5.37 a gallon in today’s dollars.
The average price is over $4 per gallon in all states. In California, long one of the most expensive states in the country for fuel, the price is over $6 a gallon. The states whose gas prices have recently increased the most are Michigan, Delaware, Maryland and Colorado.
Energy experts estimate that every penny of gas price increase costs Americans an additional $4 million a day.
Learn more about oil and gas prices
“Strap on for a scorching summer ride,” said Tom Kloza, global head of energy analysis at Oil Price Information Service. “The average consumer is going to pay $450 a month for their fuel needs and that compares to just over $100 in 2020 during the pandemic.”
The war in Ukraine had the most direct effect on gas prices, as sanctions against Russia removed more than a million barrels of oil from world markets. Energy traders also pushed up oil prices in anticipation of a further drop in Russian production and exports.
But many other factors have contributed to the price increase.
There is not enough capacity to refine oil into gasoline, diesel and jet fuel. Oil companies have closed a handful of refineries in recent years, particularly during the pandemic when demand plummeted. A few new refineries will open or expand over the next year, which may help.
But for now, analysts say strong demand for gasoline is straining limited supplies and driving up prices as drivers hit the road after several waves of new Covid-19 variants kept them close. from their house. The easing of strict pandemic containment measures in China also pushed up oil prices.
High gas prices — along with rising costs for other necessities like food and housing — are a big deal for President Biden. Many political pundits believe Democrats could suffer losses in the November election because voters are angry and frustrated with high inflation. A report on Friday showed consumer prices reaccelerated in May, rising 8.6% from a year earlier, the fastest pace in more than 40 years.
Last week, as gas prices approached the $5 threshold, Biden administration officials said the president would visit Saudi Arabia, one of the world’s largest oil producers, in the apparent goal of restoring diplomatic relations and, above all, asking for help with lowering energy prices. It also encourages domestic producers to pump more oil, although the big oil companies are reluctant to dramatically increase their investments, preferring to return profits to investors through dividends and share buybacks.
In the past, when oil companies produced more oil in response to high prices, they caused a glut, reducing their profits.
Mr. Biden has little influence over gas prices, which are governed by global supply and demand. Experts say even Saudi Arabia is unable to bring prices down quickly because it does not have the capacity to fully offset the expected drop in Russian production. Last month, the European Union agreed to ban most Russian oil by the end of the year.
In March, when Mr. Biden announced that the United States was banning Russian oil and natural gas, he warned Americans that “defending freedom will be expensive.” It looks like high prices are starting to have an impact on demand. Travel experts say some people choose to travel shorter distances while on vacation.
Going forward, high prices at the pump are likely to incentivize motorists to switch to electric cars, but purchases of these cars are expected to reduce demand over the next few years, not months.
“It takes a while for price increases to affect demand,” said Donald Hertzmark, president of DMP Resources, a Washington-based energy consultancy. “Consumers must believe that price increases are real and permanent, and there must be a period of adjustment to substitution, retention, and demand destruction.”
Clifford Krauss reported from Houston and Mary Solis reported from New York.
The boundary between Wards 1 and 3 is shifting following action by the Fort Morgan City Council at its meeting on Tuesday, June 7. All council members were present.
City Clerk John Brennan introduced a resolution updating the city’s electoral wards to align with the most recent federal decennial census in accordance with city charter requirements. Part of Ward 3 will be moved to Ward 1 to keep the population of each ward consistent and within the 5% range. The board unanimously approved the change.
Next, the presentation and first reading of Ordinance 1268 was presented. This ordinance would amend Chapter 2, Section 1 of the Fort Morgan Municipal Code to update written descriptions of electoral wards and schedule a public hearing regarding the ordinance for the June 21 meeting, which begins at 9 a.m. Council unanimously approved the first reading and agreed to hold a public hearing at the next meeting in June.
Fort Morgan Mayor Lyn Deal has proclaimed June as Alzheimer’s Disease and Brain Awareness Month.
June business of the month
The Dressing Room was recognized as June’s Business of the Month.
Presentation of the offer
Director of Utilities and Public Works Brent Nation submitted bids for the Highway 52 Water Main Relocation Project. Nation explained that this particular project has been in the works for three years and noted that the city had had problems with this particular line in the past.
The line in question runs under the Main Street Interstate Viaduct and supplies water to the parks building and pool. Nation thinks the line was not buried deep enough and remembers having had problems with freezing during the winter.
In its Interstate Improvements, the Colorado Department of Transportation (CDOT) noted that the line needed to be moved. In anticipation of the future construction of CDOT, CDOT will provide the majority of the funding for this project.
The two bids received were from Blackeagle Energy Services for $436,506.30 and Ransom Boone Excavating for $317,102.00.
The Nation recommended the board approve Ransom Boone’s bid for no more than $330,000, but said CDOT had approximately $240,000 set aside to contribute to the total cost of the project.
The Board unanimously approved the recommendation.
The second reading and public hearing of Ordinance 1267 has taken place. The ordinance would amend Chapter 11, Section 4 of the Fort Morgan Municipal Code regarding local improvement districts, implementing best practices at the state level, and allowing publication by title only.
City Attorney Geoff Wilson framed the order as a maintenance action that needed to be taken to comply with state law.
No public comments were made in person or submitted in writing, and the board approved the ordinance unanimously.
Budget Calendar 2023
With the help of department heads, City Manager Steve Glammeyer presented proposed spending for the Electric Fund, Gas Fund and Sanitation Fund, none of which showed major increases.
At the June 21 meeting, Glammeyer will present more corporate funds, including water and sewer.
Police chief’s report
Fort Morgan Police Chief Loren Sharp announced that the rescheduled Chief’s Talk event will take place at 5:30 p.m. on Wednesday, June 29 in Riverside Park Shelter B. He plans to discuss “quality of life issues,” including topics like fireworks and weeds.
Sharp also did a mental health report.
“Certainly Eastern Colorado is not immune to mental health issues. We have a lot of them (them). The biggest problem is that we don’t have the resources that metropolitan areas have. By For example, every metro area has co-responder models with police departments. I’ve been working to try to find a model for that here. We just don’t have the resources,” he said.
Sharp said he’s met with Centennial Mental Health Center in the past, but the organization doesn’t have enough staff to focus on creating its own co-responsor model.
Since 2017, Sharp has reported that the number of mental health incidents continues to rise and said his department often encounters mental health issues multiple times a day. However, Sharp said the police do not have the proper resources to handle these situations.
Recently, Sharp met with staff at St. Elizabeth’s Hospital to discuss possible solutions.
“I think Centura Health coming to St. Elizabeth is going to be a really big plus for us (as we are) trying to work on this (solution). I just want everyone to know that this is something we are working on. We recognize the mental health issue. We try to work with the local resources that we have,” said Sharp.
Matador Resource Company (MTDR – Free Report) has signed an agreement with Summit Midstream Partners LP to acquire the latter’s Lane Gathering and Processing (G&P) system in Eddy and Lea counties for $75 million.
The Lane G&P system includes 45 miles of low- and high-pressure gathering pipeline in Eddy and Lea counties in the northern Delaware Basin. The system also includes three compressor stations and a cryogenic gas processing facility, with a processing capacity of 60 million cubic feet per day.
Matador will also assume delivery capacity on the Double E pipeline associated with the Lane G&P system. Double E Pipeline is a FERC-regulated natural gas pipeline operated by Summit Midstream.
The acquisition is a further development of Matador’s strategy to manage its midstream operations and utilize midstream resources to improve operations. To achieve this, the company plans to expand the Lane G&P system to support its environmental, safety, exploration and production work in northern Eddy and Lea counties.
Matador is a major acreage holder, owning 125,000 net acres in Eddy and Lea counties in southeastern New Mexico. The takeover of additional firm take-or-pay capacities further enhances Matador’s business relationship with Double E.
The divestiture provides Summit Midstream with additional financial flexibility to pursue scale development opportunities for Double E and its core assets in the growth pools. The transaction, subject to customary closing conditions, is expected to close in the second quarter of 2022.
Matador shares have outperformed the industry for the past six months. The stock jumped 78.3% on industry growth of 68.7%.
Image source: Zacks Investment Research
Zacks Ranking and Other Stocks to Consider
Matador currently boasts a Zack Rank #1 (Strong Buy).
Investors interested in the energy sector can look to the following companies which also sport a Zacks #1 ranking. You can see the full list of today’s Zacks #1 Rank stocks here.
Valero Energy Corporation (VLO – Free Report) is the largest independent refiner and marketer of petroleum products in the United States. VLO’s Gulf Coast contributed approximately 60.5% of total throughput volume in the first quarter of 2022.
Valero currently holds a Zacks style score of A for growth and momentum. During the quarter to the end of March, Valero returned $545 million to shareholders in the form of dividends.
EQT Corporation (EQT – Free Report) is primarily an explorer and producer of natural gas. In 2021, the company produced 1,857,817 million equivalent cubic feet of natural gas.
Nearly 65% of EQT production in 2022 is hedged, ensuring the best risk-adjusted upside of natural gas. EQT has less exposure to debt capital than industry-owned composite stocks. Therefore, the company can rely on its strong balance sheet to weather the volatility in commodity prices.
Suncor Energy (SU – Free Report) is Canada’s first integrated energy company. In the first quarter, the company distributed C$601 billion in dividends and paid C$827 million in share buybacks.
Good news for investors, Suncor declared a quarterly dividend of 47 cents Canadian per share, up 11.9% from the previous dividend of 42 cents Canadian. The dividend is payable on June 24 to shareholders of record on June 3. Suncor has also expanded its buyback program to 10% of outstanding shares (from 7% previously).
A Purdue Northwest process to turn food waste into sustainable hydrogen has been licensed to an energy company.
The Purdue Research Foundation recently closed the deal with an international energy company to commercialize a new process discovered at Purdue University Northwest (PNW) for the biological production of hydrogen from food waste. A second license agreement with an Indiana company is currently being negotiated.
Purdue says the new process uses food waste to biologically produce hydrogen that can be used as a sustainable energy source for power generation, as well as for chemical and industrial processes or as a transportation fuel.
The research team consisting of Kramer, Libbie Pelter, associate professor of chemistry at PNW, and John Patterson, associate professor in the Department of Animal Science at Purdue West Lafayette, received five grants from the U.S. Department of Energy and Purdue Research Foundation totaling approximately $800,000 over the past eight years to develop the science and technology that led to the process. Two patents have been issued for this effort and a third patent is currently in the final stages of approval.
Over the next nine months, a scaling test will be performed. Based on the test results, it is expected that construction of the first commercial prototype could begin within a year.
Western Australia has reached a major milestone as 100 stand-alone power systems are now deployed on the state’s main power grid, improving reliability and power quality for regional and remote customers.
The units are powered by solar panels and a storage battery, and include backup diesel generation, which provides cleaner, more reliable power.
This innovative green solution is a safer alternative to traditional poles and wires.
Stand-alone power systems (SPS) are particularly beneficial for regional customers, where supply costs are high and power reliability is affected by distance, terrain, and severe weather.
SPS are now located in many locations across the Midwest, Wheatbelt and Great Southern, with the last being installed after the Shackleton bushfire in early 2022.
A recent Western Power customer research report revealed high levels of satisfaction with the SPS.
Participating customers rated their overall satisfaction at 8.2 out of ten (ten being “excellent”), while their satisfaction with the post and wire connection, prior to the SPS, was less than 6.7 out of ten.
Western Australia Energy Minister Bill Johnston said: “The McGowan government is committed to a greener and cleaner energy system, which is why we will deploy 4,000 systems stand-alone power stations across the state over the next ten years.
“Western Power’s survey is an excellent result, with more than 75% of customers saying they would likely recommend stand-alone power systems to others.
“The research also indicated that renewable energy was important for rural customers, with a third of participating customers already using solar power and believing it was the way of the future.
“There are 90 SPS currently deployed by four Western Australian suppliers, creating new industry and jobs for locals, and replacing approximately 330km of overhead lines.”
Triple-digit temperatures mean all sorts of inconveniences, including, for most people, higher energy bills.
That’s because air conditioning isn’t designed to cool homes beyond what some call the “20-degree differential,” or about 20 degrees cooler than the outside temperature.
When air conditioners are tasked with bridging a larger gap – say from 101 degrees outside to 76 degrees inside the house – they tend to just run continuously in an attempt to get there, which has as a side effect of increasing electricity bills. And since air conditioning can account for almost half of a residential electricity bill, according to CPS Energy, this increase can be significant.
CPS Energy spokeswoman Christine Patmon said that after every heat wave, customers call CPS Energy to find out why their bills are higher, even though they haven’t changed their thermostat settings. In 2020, she wrote a blog post about how the 20-degree differential can affect AC performance and bills — and to remind customers that there are ways to mitigate those higher costs.
In her post, she linked to several other blog posts, all from air conditioning companies across the United States, which essentially explain the same thing: no, your air conditioner isn’t broken because it’s not cooling like hell. habit. It’s just not designed for such extreme temperatures.
With San Antonio facing several more days — OK, probably a whole summer — of extreme heat, now is a good time to review conservation measures that can lower your bill:
- Set your thermostat between 78 and 80 degrees. Turn it up 2-3 degrees when you leave the house. “Raising the thermostat really makes a difference,” Patmon said.
- Use fans to feel cooler. Make sure they spin the right way: In the summer, fans should spin counter-clockwise, so the air blows downward.
- Change your AC air filter every two weeks during the summer.
- Close your curtains and blinds in the morning and leave them closed during the hottest part of the day.
- Install sunscreens on windows to reduce heat from the sun.
- Take advantage of CPS Energy’s My Energy portal, which displays a customer’s energy usage in near real-time and includes a comprehensive library of conservation tips.
While these tips will help mitigate the effects of extreme temperatures on energy bills, CPS Energy also regularly asks customers to conserve energy to help stabilize the state’s power grid.
This week, the utility launched a new color-coded retention level program. It’s aligned with the City of San Antonio’s “Beat the Heat” education campaign, which highlights the dangers of heat and precautions to stay safe during heat waves like the current one. in the city.
Under the new program, San Antonio is experiencing a series of “yellow” days, signifying “peak energy demand.” CPS Energy’s social media posts ask residents to conserve power between 2 p.m. and 7 p.m., when demand is highest. Depending on the color-coded chart, this could mean, in addition to the conservation tips outlined above, not using major appliances or charging an electric vehicle until dark.
Most days that are not hot will be “green” days. Amber and red alerts will only be issued when the Electric Reliability Council of Texas, the state’s grid operator, declares that grid reliability is at risk.
CPS Energy financially supports the San Antonio report. For a complete list of member companies, click here.
National Energy Services Combined (NASDAQ:NESR – Get a rating) has been updated by Zacks Investment Research from a “sell” to a “hold” rating in a note issued to investors on Thursday, Zacks.com reports.
According to Zacks, “Founded in 2017, NESR is one of the largest national oilfield service providers in the MENA and Asia-Pacific regions. With over 3,200 employees, representing more than 40 nationalities in more than 14 countries, the company helps its customers unlock the full potential of their reservoirs by providing production services such as cementing, coiled tubing, filtration, completions, stimulation and fracturing and nitrogen services. The company also helps its customers access reservoirs smarter and faster by providing drilling and appraisal services such as down-the-hole drilling tools, fishing tools for directional drilling, testing services, cable services, line services slicks, fluids and platforms.”
Other analysts have also released reports on the company. National Bank of Canada reiterated an “industry performance” rating and set a price target of $11.00 (vs. $13.50) for National Energy Services Reunited shares in a report released Monday, April 25 . National Bankshares downgraded National Energy Services Reunited from an “outperforming” rating to an “sector outperforming” rating and lowered its price target for the stock from $13.50 to $10.00 in a report from the Monday, April 25. Finally, National Bank Financial downgraded National Energy Services Reunited from an “outperforming” rating to an “sector performance” rating and lowered its target price for the stock from $13.50 to $11.00 in a research report from Sunday, April 24. According to MarketBeat.com, National Energy Services Reunited currently has a consensus rating of “Hold” and an average price target of $10.67.
Shares of National Energy Services Reunited opened at $8.64 on Thursday. The company’s 50-day simple moving average is $7.50 and its 200-day simple moving average is $8.90. National Energy Services Reunited has a 12-month low of $6.15 and a 12-month high of $15.95.
Hedge funds and other institutional investors have recently changed their positions in the company. Quantbot Technologies LP increased its position in National Energy Services Reunited shares by 48.0% in the first quarter. Quantbot Technologies LP now owns 5,772 shares of the company valued at $48,000 after purchasing an additional 1,872 shares in the last quarter. First Eagle Investment Management LLC bought a new stock position in National Energy Services Reunited in the fourth quarter worth $50,000. Virtu Financial LLC bought a new stock position in National Energy Services Reunited in the first quarter worth $87,000. Susquehanna International Group LLP bought a new stock position in National Energy Services Reunited in the fourth quarter worth $105,000. Finally, Ethic Inc. bought a new stock position in National Energy Services Reunited in the first quarter worth $117,000. Institutional investors hold 42.11% of the company’s shares.
National Energy Services Company Profile United (Get a rating)
National Energy Services Reunited Corp. provides petroleum services to oil and gas companies in the Middle East, North Africa and Asia-Pacific regions. It operates through two segments, Production Services; and Drilling and Appraisal Services. The Production Services segment offers hydraulic fracturing services; coiled tubing services including nitrogen lifting, fishing, grinding, cleaning, scale removal and other well applications; stimulation and pumping services; primary and curative cementing services; nitrogen services; filtration services, as well as fracturing tanks and pumping units; and pipeline services, such as water filling and hydraulic testing, nitrogen purging, degassing and pressure testing, and cutting/welding and cooling of piping systems/vessels.
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Should you invest $1,000 in National Energy Services Reunited right now?
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Brookfield Renewable India on Wednesday announced the commissioning of its first greenfield project in India, a 445 MW solar power plant.
Gibson Energy Inc. (OTCMKTS:GBNXF – Get Rating) earned an average recommendation of “Hold” from the twelve brokerages that currently cover the business, Marketbeat reports. One equity research analyst gave the stock a sell rating, five gave the company a hold rating and one gave the company a buy rating. The 12-month average price target among brokerages that have reported on the stock over the past year is $24.91.
Several research companies have weighed in on GBNXF. Scotiabank raised its target price on Gibson Energy from C$25.00 to C$26.00 in a report released on Monday, February 14. Royal Bank of Canada raised its price target on Gibson Energy from C$27.00 to C$28.00 in a Wednesday, May 4 research note. TD Securities raised its price target on Gibson Energy from CA$25.00 to CA$26.00 in a Wednesday, May 4 research note. Zacks Investment Research upgraded Gibson Energy from a “hold” rating to a “buy” rating and set a price target of $23.00 on the stock in a Tuesday, May 31 research note. Finally, Raymond James raised his price target on Gibson Energy from CA$26.50 to CA$27.00 in a Tuesday, May 3 research note.
OTCMKTS GBNXF opened at $21.60 on Wednesday. Gibson Energy has a fifty-two week low of $16.67 and a fifty-two week high of $21.96. The stock’s 50-day moving average is $19.96 and its two-hundred-day moving average is $19.08. The company has a debt ratio of 2.31, a current ratio of 1.03 and a quick ratio of 0.77. The company has a market capitalization of $3.17 billion, a P/E ratio of 24.55 and a beta of 0.93.
Gibson Energy Company Profile (Get an assessment)
Gibson Energy Inc, a liquids infrastructure company, is engaged in the gathering, storage, optimization, processing and marketing of liquids and refined products in North America. It operates through two segments, Infrastructure and Marketing. The Infrastructure segment operates a network of infrastructure assets that includes oil terminals, rail loading and unloading facilities, gathering pipelines and crude oil processing facility.
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By Ken Heydon*
Trade is a key multiplier in the diffusion of technology vital for the climate transition. But the protectionist tendencies rooted in the implementation of the climate transition pose a major threat to the global trading system.
Technological innovation – backed by a carbon tax to make it competitive – is the key condition for moving to net zero carbon emissions by 2050. And trade, by stimulating competition, is a catalyst for innovation.
Three areas of technological transformation stand out. Australia and its Asia-Pacific neighbors have a stake in all of them.
The first is solar photovoltaic technology which uses solar panels to convert sunlight into electricity. Over the past decade, solar PV has become a mainstay of the sustainable low-carbon energy system, with installed capacity increasing 100-fold and costs dropping 77%. About 40% of the decline in the cost of solar photovoltaic modules since 2001 is attributable to trade.
With the highest solar radiation per square meter of any continent, Australia is uniquely positioned to take advantage of solar photovoltaic technology, as evidenced by the Darwin-Singapore Renewables Generated Undersea Power Cable Project. Malaysia, Vietnam, Thailand and the Philippines are among the world’s top 10 exporters of certain solar PV products.
The second area of trade-driven innovation is the export of low-carbon hydrogen, important in hard-to-electrify sectors like steel production and facing a six-fold increase in potential demand by now. 2050.
Australia is at the forefront of using renewable energy to produce zero-emission ammonia – a low-cost carrier for hydrogen – and no less than six Japanese companies have plans to develop hydrogen in Australia.
The third area of innovation is CRISPR (clustered regularly spaced short palindromic repeats). This genetic modification helps countries decarbonize their food systems by making export crops resistant to disease or weather, reducing the need to increase agricultural land through deforestation – the source of 10% of global carbon emissions.
For example, CRISPR-based oil palm genome editing to eradicate basal stem rot will significantly reduce plant loss and subsequent compensatory deforestation in Indonesia and Malaysia – major palm oil exporters. Switching to trade in genetically modified palm oil promises major environmental benefits.
Beyond the multiplier role of trade in spreading the benefits of specific technologies, it also has a more general function of stimulating the economic growth needed to finance the energy transformation.
Yet, despite the role of trade in the climate transition, the transition itself threatens trade. As countries’ environmental commitment varies, pressure is mounting for tariff restrictions on imports of carbon-intensive products, such as steel, from perceived environmental free riders.
The difficulty of identifying carbon intensity and free riding fuels the idea that such penalties are simply disguised protectionism. The resulting tensions – amplified by the emotional power of the climate transition and by broader protectionist tendencies, especially when countries prioritize their own climate technologies – pose a major threat to the trading system.
In each of the three areas of technological promise, there are strong competing forces of trade restriction.
Trade in solar photovoltaic technology is subject to both tariff and non-tariff barriers. For example, 31 WTO members apply tariffs above 10% to certain essential solar photovoltaic materials such as polysilicon. Australia is scoring its own goal by imposing duties (both anti-dumping and countervailing) on imports of solar equipment, thereby increasing the costs of renewable electricity.
The threat to the hydrogen trade comes from a call by European Union power groups fearful of competition for a carbon tariff on EU hydrogen imports. Although the case of Australia’s blue hydrogen – using lignite and carbon capture and storage – is controversial, a Carbon Border Adjustment Mechanism tax is likely to be applied to all imports hydrogen and a decline in carbon capture and storage, without which “net zero” will not be possible .
The threat to CRISPR gene editing is a repeat of the kind of regulatory hurdles that invoke health and environmental concerns to impede the development and trade of genetically modified organisms. Agricultural regulations in many countries, including those in New Zealand, restrict both GMOs and CRISPR, even though CRISPR does not introduce DNA from other species.
The challenge is real. Protectionism risks undermining the role of trade in promoting the technological promise of the climate transition – by raising the level of the carbon tax needed to effect this transition and weakening public support for it.
Resisting protectionist forces will require action at all levels. At the national level, by improving the coherence of national policy, including in Australia with regard to solar equipment. At the regional level, with a key role for APEC — in relation to both environmental goods and services. And at the multilateral level, where Australia is one of 13 countries (including the United States and Canada) that have submitted to the WTO that genetically modified products should be regulated in the same way as conventional products.
The stakes are particularly high for the WTO, which is preparing to face, via the climate transition, one of the most severe systemic challenges in its history.
*About the author: Ken Heydon is a visiting scholar at the London School of Economics and Political Science. He is a former Australian trade official and senior member of the OECD Secretariat.
Source: This article was published by East Asia Forum
Metaplatforms FB recently launched new features to track VR Meta Quest fitness stats on the phone. The new feature will allow users to sync the Move app, which is Meta Quest’s built-in fitness tracker, with the Oculus mobile app and access data such as the number of calories burned by the user or the number of hours worked in VR. Previously, this data was only available in the Move app when using the Quest headset.
Meta has already launched VR fitness apps like Supernatural and FitXR that allow users to train, box and meditate in stunning destinations around the world. The latest feature promises an immersive new experience that will draw fitness enthusiasts into the alternate reality space.
Meta has designed new VR games for the Metaverse like Whip Gun, Ghost: Covert Ops and Supernatural, which should persuade non-fitness buffs to sweat it out without pushing them to train directly. This new gaming experience is a unique product that will turn gaming into an AR fitness expedition and, in turn, attract diverse users.
The recently launched mobile functionality will be available in Appleof the AAPL Health app.
iOS users can access data both in and out of VR in iPhones and Apple Watches without having to manually enter exercise information.
Meta Platforms, Inc. Pricing and Consensus
Meta Platforms, Inc. price-consensus-chart | Quote from Meta Platforms, Inc.
Meta aims to diversify its revenue with Metaverse
Meta has actively sought to diversify its revenue stream from the advertising business model. In sync with the plan, Meta is expected to spend over $10 billion over the next 10 years to build the Metaverse, which will generate a new revenue stream for the company.
The company has invested heavily in developing a VR content ecosystem. The launch of VR, Rift and Oculus Quest headsets, its first wireless all-in-one headsets with full freedom of movement, is a step towards its goal.
Meta recently launched a new AI platform MyoSuite, which will apply machine learning to biomechanical control problems. This will help build prostheses and develop post-traumatic rehabilitation. The launch of Myosuite will introduce a new AR utility to solve real problems.
With the launch of new features in AR, Meta is already reaping the benefits of its investments to build the Metaverse. This Zacks No. 3 (Hold) ranked company generated $695 million in revenue from its Reality Labs business segment in the first quarter of 2022 (2.5% of total revenue), reflecting an increase of 30.1 % year over year. Reality Labs includes hardware, software, and consumer content related to Augmented Reality and Virtual Reality. You can see the full list of today’s Zacks #1 Rank (Strong Buy) stocks here.
According to Bloomberg, the global Metaverse market is expected to reach $800 billion by 2024. As the primary driver for the creation of the Metaverse, Meta is expected to quickly capture market share in the alternate reality space.
However, Meta faces fierce competition from other tech giants, who seek to claim their place in the Metaverse.
Other Tech Giants in Metaverse
Some of Meta’s peers looking to gain market share in emerging AR are Microsoft MSFT and Twitter TWTR.
Microsoft claimed its position in the Metaverse with its recent acquisition of Activision Blizzard for $68.7 billion.
The move is likely to position MSFT competitively for the next generation of games in the metaverse and help it become the third-largest game company in the world.
Meta was beaten by Twitter as the first social media giant to enter the NFT market. Twitter has launched a pre-Meta tool that allows users to showcase and sell NFTs on its platform.
NFT creators and collectors can use the platform to connect their crypto wallets and receive payments directly through Twitter.
Zacks names ‘only one best choice for doubling up’
From thousands of stocks, 5 Zacks experts have each picked their favorite to skyrocket by +100% or more in the coming months. Of these 5, Research Director Sheraz Mian selects one to have the most explosive advantage of all.
It’s a little-known chemical company that’s up 65% year-on-year, but still very cheap. With relentless demand, rising earnings estimates for 2022 and $1.5 billion for stock buybacks, retail investors could jump in at any moment.
This company could rival or surpass other recent Zacks stocks which are expected to double, such as Boston Beer Company which jumped +143.0% in just over 9 months and NVIDIA which jumped +175.9% in one. year.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
1.EKI Energy Services Ltd
The current market price (CMP) of the share is Rs 7,380 each with a loss of 0.23% in trading today through noon. The stock’s 52-week high and low were 12,599 and 543 each, respectively. If today’s price is taken into consideration, the stock has so far fallen 41.43%. The market capitalization of EKI Energy is Rs 5073 crore. It has a P/E of 13.23 and the sector P/E is 40.02. EKI Energy Services Ltd offers climate change, carbon credit and other vital sustainability solutions.
It also provides asset management, carbon footprint management, sustainability, and quality control and management training, among others, according to the company’s official website. It posted healthy quarterly results with net profit climbing to Rs 383 crore in FY22. The multibagger stock returned a handsome 1258% in just one year.
2. Hinduja Global Solutions Ltd.
The CMP of Hinduja Global Solutions Ltd. (HGS) is 967 with a loss of 0.22% through noon. The stock’s 52-week high is 1960 and the 52-week low is 846. Given its 52-week high, the stock is down nearly 50.01%. The market capitalization of the stock is Rs 4040 crore. The P/E for the stock is 0.66 and the P/E for the sector is 14.66. Considering the sector P/E, this is a low PE stock.
The stock gave a negative return of 19.63% in one year. HGS combines automation, analytics, and artificial intelligence with top-quality talent and deep domain expertise to deliver exceptional results in the areas of digital customer experience, back-office processing, HRO solutions, etc., according to its official website. HGS’s fourth quarter profit jumped to Rs 5,686 crore for the fourth quarter ending March 31. It recorded an after-tax profit of 130 crore.
3.Indian Energy Exchange Ltd.
The stock’s CMP is 178.15 today and given its peak levels, the stock is down 44.10%. The 52-week high and 52-week low were 318 and 118 respectively. The stock’s P/E is 51.77 while the sector’s P/E is 52.79. The title gave a positive return of 46.21% in one year. The market capitalization of the company is 16,015 crore.
According to its official webpage, IEX is a leading market and offers nationwide automated trading platforms for the physical delivery of electricity, renewable energy and certificates. Its total revenue for FY22 increased by 25.48% to 127.75 crore and PAT was recorded at 80.88 crore with an increase of 26%.
Indian Railway Catering & Tourism Corp Ltd or IRCTC CMP is at 656.10 and the stock has fallen 48% from its highs. The 52-week high and 52-week low of the IRCTC IS 1279 and 385, respectively. The market capitalization is 52,346 crores at the time of writing this report. The P/E is 78.96. The stock has given a positive return of 51% in one year. IRCTC is an extended branch of Indian Railways and came into existence in 1999.
It modernizes, professionalizes and manages catering and hospitality services in train stations and other places, according to its official website. IRCTC reported a 106% jump in net profit to Rs 214 crore for the quarter ending March 31. It reported a net profit of Rs 104 crore in the fourth quarter of the previous year. Its board also recommended a final dividend of 1.5 per share for FY22.
5. Computer Age Management Services Ltd.
The stock’s CMP is 2395.25 and the stock has fallen 41.11% from its highs. The 52-week high and 52-week low of the stock are 4067 and 2037 respectively. The market capitalization is Rs 11,839 crore. The stock’s P/E is 40.91 which is almost equal to the sector’s P/E of 40.02. The title gave a negative return of 12% in one year. The Company offers transaction processing and customer service services. It also offers online transactions, mailbacks, capital accounting, and subscriptions, among others. It came into existence in 1988. Its consolidated revenue for the fourth quarter ending March 31 increased by 2.32% to 247.43 crore from Rs 241 crore in the same quarter the previous year. Its net profit after tax was 73.84 crore in the fourth quarter ending March 31.
6.Sportking India Ltd
Its CMP is 998.90 each. The 52-week high and 52-week low are 2046 and 422 respectively. Its market capitalization is 1,327 crore. The stock fell 51% from its high range. However, it gave a positive return of 113% in one year. Its P/E is 3.24 which is low compared to its sector P/E of 5.25. According to its official website, it came into existence in 1977 under the leadership of Mr. Jagdish Chandar Avasthi.
The company became the first vertically integrated textile conglomerate in India.
7. Other stocks that have fallen more than 40% from their peak levels
Bhansali Engineering Polymers Ltd fell 48.79% from its highs. Maithan Alloys Ltd fell 40.79% from its high levels. And, INEOS Styrolution India Ltd. fell more than 56% from its peak levels.
SINGAPORE, June 7 (Reuters) – Singapore-headquartered Envision Digital, a provider of artificial intelligence software and internet technologies, has raised $210 million, led by venture capital firm Sequoia China and backed by the Singaporean sovereign wealth fund GIC.
In a statement on Tuesday, Envision Digital, part of Chinese renewable energy company Envision Group, said the Series A funding would allow it to expand operations and fund additional research and development.
“We are confident in Envision Digital’s long-term growth potential,” Choo Yong Cheen, chief investment officer of private equity at GIC, said in the statement.
Envision Digital said its proprietary technology operating system connects and manages more than 200 million smart devices and 400 gigawatts of energy assets worldwide.
It employs over 900 staff and has 13 offices in Britain, France, China, the United States and elsewhere. Envision Digital’s more than 500 customers and partners span the retail, industrial, energy and transportation sectors.
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ISLAMABAD: The Shehbaz Sharif government has prepared a plan for a package of austerity measures, including a 5-day working week, working from home for one day, early closure of commercial markets, reduction of fuel quota for bureaucrats, the ban on the purchase of all types of vehicles and the creation of new jobs, etc.
The austerity measures, which will be presented to the cabinet for approval, aim to save energy, reduce oil consumption and minimize government spending to save money. Short-term actions include a 5-day work week for energy conservation, the ability to work from home one day a week (work 4 days in the office and one day from home), switch off the public/street lighting, early closure of commercial markets, mandatory semi-annual vehicle tuning, repair and maintenance of tractors for better performance, and behavioral change for efficiency and conservation of l energy for which a massive awareness campaign will be launched.
The plan includes a total ban on the purchase of all types of vehicles from the current and development budget, with the exception of commercial vehicles such as ambulances, buses for educational institutions, solid waste vehicles , etc. There will also be a ban on the creation of new positions, except for development projects. .
It is also proposed to prohibit i) the purchase of office furniture, except for development projects; (ii) purchase of machinery and equipment, including air conditioners, microwaves, refrigerators, photocopiers, etc.
A ban is also proposed on all official visits by government officials where funding from the Government of Pakistan is involved, except for mandatory visits. The prohibition of official lunches, dinners, hi-teas except for foreign delegations is also proposed. A ban on the purchase of periodicals, magazines and newspapers from government offices is also proposed.
Chief accountants of all government institutions and agencies will be required to ensure that (i) consumption of public services is reduced by 10%, (ii) existing POL entitlement for civil servants is reduced by 30%, (iii) reduction of avoidable trips by promoting the use of zoom / videocon, iv) reduce publicity / publicity expenditure. Only public interest campaigns may be permitted, v) abolish vacant, redundant and unproductive posts, vi) review and determine the need for self-governing bodies, authorities, corporations, etc. to reduce expenses.
BEIJING, June 5, 2022 /PRNewswire/ — The International Finance Forum (IFF) will begin accepting nominations for the annual IFF Global Green Finance Award, beginning on June 5which is also World Environment Day.
Echoing the World Environment Day theme “Only One Earth”, which emphasizes the need for change through policy changes and our choices to live in harmony with nature in a sustainable way, the IFF Prize Global Green Finance Award targets candidates offering green financial services solutions that promote the transformation of economic growth patterns, contribute to the prevention and control of pollution and the fight against climate change, as well as the improvement energy efficiency, energy conservation and emission reduction. This year’s award is a global call for innovation and application practice in policy, systems, industry, services, technology and talent development.
The Earth is our only home and we must protect its limited resources. Unsustainable consumption and production contribute to climate change, natural degradation and loss of biodiversity, as well as pollution and the waste crisis. All these issues intersect and overlap, seriously jeopardizing the future of the planet.
Natural resources are the basis of most goods, services and facilities, and the basis that sustains our economy. However, the linear “take-make-throw away” model is driving the global economy while consuming vast amounts of natural resources. Nature is in “emergency mode” and we have little time left.
To limit global warming to 1.5°C this century, we must ensure that annual global greenhouse gas emissions are halved by 2030. However, due to the impact Continuing from the COVID-19 pandemic over the past three years and the recent intense geopolitical upheavals around the world, economies around the world are sliding to the brink of economic and energy crises. We must take urgent action to deal with the looming crisis. However, all of this requires strong financial support.
Faced with the double challenge of climate change and the global economic crisis, green finance has become a strong tool that countries around the world are striving to promote. Many pioneering practices and attempts have been made in terms of policies, systems, industries and human resource development. Promoting these globally successful best practices and accelerating the popularization of green finance is crucial to promote green growth and sustainable development.
The IFF Global Green Finance Award was launched by the IFF in 2020 and is judged by a panel of 25 globally influential and authoritative financial leaders and elites from the financial and environmental sectors. In 2022, the award will include 10 innovation awards for innovative projects and 10 annual awards for institutions.
The annual Institutional Awards are given to institutions that have made outstanding contributions to global, regional or national sustainable development through green finance practices, including achieving carbon peaking and carbon neutrality, addressing climate change and the conservation of biodiversity. Institutions’ green finance activity must be sustainable and profitable.
The Innovation Awards for Innovative Projects are given to projects that demonstrate significant innovation in the field of green finance, particularly those that have made significant contributions to achieving peak and carbon neutrality, combating climate change and promoting the conservation of biodiversity.
Any institution that carries out activities that promote the development of green finance and produce real benefits is eligible to apply for the awards, including public, private and non-profit organizations.
“Finance is a resilient and effective tool for fostering sustainable development, and green finance will play an increasingly important role. Winners of the IFF Global Green Finance Innovation Award are pioneers, initiators and advocates of green and low-carbon industries.. They steer the flow of green investments into the sustainability sector,” said Han Seung-soo, Chairman of the Jury Committee, Co-Chair of the IFF, 56th President of the United Nations General Assembly and former Prime Minister of the Republic of Korea.
“The IFF Global Green Finance Innovation Award will continue to advance the development of green finance and support a sustainable world with shared benefits for humanity.”
The IFF has been highly regarded by the United Nations and several international organizations and widely recognized for its important role in promoting the practice of green and sustainable development by financial institutions. In the annual reports and CSR reports published by Chinese financial institutions in 2022, Bank of ChinaChina Securities, Postal Savings Bank of ChinaIndustrial and Commercial Bank of ChinaBank of QingdaoIndustrial Bank and Huaxia Bank, among others, announced the award to the public as an important achievement in strictly fulfilling their social responsibility and vigorously developing green finance. In addition to promoting the practice of green finance by financial institutions, the IFF Global Green Finance Award also plays an active role in helping local governments implement dual carbon goals.
The International Finance Forum (IFF) is an independent, non-profit, non-governmental international organization founded in beijing in October 2003and compiled by financial leaders from G20 countries, emerging markets and international organizations, including China, United States, the European Union and the United Nations, the World Bank and the IMF. The IFF is a historic high-level platform for dialogue and communication, as well as a research network in the financial field, and has been upgraded to F20 (Finance 20) status.
SOURCE International Financial Forum (IFF)
TC Energy Co. (TSE:TRP – Get Rating) (NYSE:TRP) Senior Officer G. Glenn Menuz sold 16,241 shares of TC Energy in a trade that took place on Thursday, June 2. The shares were sold at an average price of CA$74.00, for a total value of CA$1,201,834.00.
G. Glenn Menuz also recently made the following trade(s):
- On Tuesday, March 8, G. Glenn Menuz sold 16,517 shares of TC Energy. The shares were sold at an average price of CA$72.25, for a total value of CA$1,193,328.47.
Shares of TRP traded C$0.22 lower at midday on Friday, hitting C$73.87. The company’s shares had a trading volume of 4,359,587 shares, compared to its average volume of 4,775,199. TC Energy Co. has a 52-week low of C$57.71 and a 52-week high from $74.44 CAD. The company has a 50-day moving average price of CA$72.02 and a 200-day moving average price of CA$66.69. The company has a debt ratio of 163.99, a quick ratio of 0.36 and a current ratio of 0.61. The stock has a market cap of C$72.61 billion and a price-earnings ratio of 22.51.
TC Energy (TSE:TRP – Get Rating) (NYSE:TRP) last released quarterly earnings data on Friday, April 29. The company reported EPS of C$1.12 for the quarter, missing analyst consensus estimates of C$1.13 by C$0.01. The company posted revenue of C$3.50 billion in the quarter, compared to a consensus estimate of C$3.55 billion. Equity research analysts expect TC Energy Co. to post EPS of 4.4400005 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 29. Investors of record on Thursday, June 30 will receive a dividend of $0.90 per share. This represents a dividend of $3.60 on an annualized basis and a yield of 4.87%. The ex-dividend date is Wednesday, June 29. TC Energy’s dividend payout ratio (DPR) is currently 106.85%.
Several equity research analysts have weighed in on the company recently. Scotiabank raised its price target on TC Energy from C$72.00 to C$78.00 in a Wednesday, April 13 research report. Wolfe Research downgraded TC Energy to a “sell” rating and set a price target of C$57.00 for the stock. in a research report on Monday, April 11. Wells Fargo & Company lowered its price target on TC Energy from CA$74.00 to CA$73.00 and set a “market performance” rating on the stock in a Friday, May 20 research report. Raymond James set a target price of C$73.00 on TC Energy and gave the stock an “outperform” rating in a Monday, May 2 report. Finally, Credit Suisse Group raised its price target on TC Energy from CA$74.00 to CA$80.00 in a Monday, April 11 report. Four research analysts gave the stock a sell rating, nine gave the stock a hold rating and seven gave the stock a buy rating. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of CA$70.76.
About TC Energy (Get a rating)
TC Energy Corporation is an energy infrastructure company in North America. It operates through five segments: Canadian Gas Pipelines; American gas pipelines; Mexican gas pipelines; Liquid pipelines; and power and storage. The company builds and operates a 93,300 km pipeline network, which transports natural gas from supply basins to local distribution companies, power plants, industrial facilities, interconnecting pipelines, export terminals LNG and other companies.
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There are vital reasons for Governor Ige to veto SB 2510 – the 33% shut down renewable energy bill.
SB 2510 would require each island network to use polluting, non-carbon-sequestering biomass.
Of the remaining 66% of each island’s energy grid, each renewable energy, with the exception of geothermal, would be limited to 45% of the grid’s energy production.
SB 2510 would run counter to the Hawaii Clean Energy Initiative, and it could be unconstitutional.
The findings of the UN Climate Action emphasize that the multiple types of biomass are a finite resource. “Renewable energy is energy derived from natural sources that is replenished at a higher rate than it is consumed.”
This is not the case with biomass, which is consumed at a higher rate than it can be replenished or will be able to sequester carbon again.
The scientists wrote in “The hill” this: “Declaring biomass to be carbon neutral (or renewable) without considering the health consequences can put us on a path to invest more in an energy system with an already severe health burden, ambiguous climate benefits and environmental justice issues in the supply chain Commit to alternatives, or better yet, make major energy decisions using a systems-level approach considering both climate and public health , can put us on the path to a healthier, fairer energy system that is more compatible with the recommendations of the United Nations Intergovernmental Panel on Climate Change.
If SB 2510 were to pass, it would put thousands of people at risk, especially on Maui, where there are fewer renewable energy options.
Reaffirming its credo of “responsible luxury” with an overall focus on sustainability, health and hygiene, ITC Hotels is proud to announce that 3 of its properties in India have been ranked among the world’s top 3 LEED (Leadership in Energy & Environmental Design) Zero Carbon-certified hotels, a unique achievement of its kind in the world.
ITC Windsor, Bengaluru has become the 1st hotel in the world while ITC Grand Chola is one of the largest hotels in the world to have received the prestigious LEED Zero Carbon certification. ITC Gardenia has become the third hotel in the world to receive the certification.
LEED Zero Carbon recognizes buildings operating with net zero carbon emissions and LEED Platinum is the highest rating awarded by the US Green Building Council (USGBC). ITC Hotels is the largest chain in the world with the maximum number of properties certified LEED Platinum according to USGBC.
From using renewable energy and recycling solid waste to conserving water, actively mitigating single-use plastic and reducing carbon footprint at every step, ITC Hotels delivers luxury experiences with positive planet offerings embedded in products, processes, people and progress.
More than 40% of consumable food materials used in ITC hotels are sourced locally and properties have adopted efficient infrared-based cooking in the kitchen, saving nearly 20% energy.
True to its promise of “responsible luxury”, ITC Hotels has launched an innovative “WeAssure” program, adopting the highest standards and protocols in the management of health, hygiene, safety and infection control . For this initiative, ITC Hotels became the first hotel chain in the world to receive Platinum level certification under DNV’s My Care Infection risk management program. Additionally, the hotel group introduced waste sorting methods to achieve over 99% waste recycling and also pioneered single-use plastic mitigation.
Anil Chadha, Division General Manager, ITC Hotels, said, “ITC Hotels is committed to sustainability and constantly working to achieve its vision of providing guests with a ‘responsible luxury’ experience. We are proud of the milestones we have reached in our business. towards contributing to the planet. Three of our luxury properties have put India on the global stage by being recognized by LEED as Net Zero Carbon certified hotels. This achievement is not ours alone, but that of all our associates and guests who believed in us and shared the same value system. I would like to acknowledge the efforts of ITC Hotels to ensure that we preserve the elements of sustainability. We will continue in this direction with our promise to Mother Earth.
All ITC hotels have organic waste converters, most of them equipped with on-site bio-methanization plants. The group has reduced fresh water consumption by nearly 50% through strategic conservation, treatment and reuse over the past 5 years. 57% of ITC Hotels & Welcomhotels electricity consumption is covered by renewable sources. These include ITC Grand Chola, ITC Windsor, ITC Gardenia, ITC Maratha, ITC Grand Central, ITC Mughal, Welcomhotel Chennai, Welcomhotel Coimbatore, Welcomhotel Bengaluru and Welcomhotel Sheraton New Delhi which are powered by renewable electric energy. The current level of carbon emissions from ITC Hotels is 61 kg per night and 58 kg per m² per year against the 2030 target of 65 kg and 129 kg, respectively. These milestones were achieved through the implementation of various renewable energy and energy efficiency initiatives.
Some of ITC Hotels’ pioneering green initiatives are featured below:
The design of each ITC hotel is based on green building guidelines and standards that are energy efficient, use renewable energy, conserve and recycle water while taking concrete steps to preserve the ecosystem around them.
Hotels have seen their efficiency increase by up to 20% thanks to the installation of a programmable HVAC (Heating Ventilation and Air Conditioning) control called Automated BMS System.
Key sustainability initiatives are executed in identified hotels. They include in-house water production using an atmospheric water generator, rainwater harvesting, daylight harvesting, solar heating, food waste composting, of biogas and the transition from HSD/biodiesel boilers to a renewable electric energy boiler for steam application.
All ITC Hotels and Welcomhotels are ISO 14001 Environmental Management System and ISO 22000 certified
Certified in Food Safety Management. ITC Kohenur has been awarded 5-star Green Rating for Integrated Habitat Assessment (GRIHA) for integrating various sustainable practices into building design and operation. ITC Sonar is the only hotel in the world to obtain carbon credits under the Clean Development Mechanism of the Kyoto Protocol of the UNFCCC (United Nations Framework Convention on Climate Change).
All ITC Hotels & Welcomhotels have implemented COVID mitigation in conditioned space in their HVAC system. Patented advanced oxidation technology neutralizes indoor air pollutants, bacteria and viruses. This technological cell creates hydroelectric photo-ions and destroys more than 99% of the microbes present in the conditioned space. This is an active technology, where the ions neutralize any airborne organic contaminants they locate.
ITC Hotels is also committed to supporting local artisans while reviving and popularizing ancient cuisines and is actively committed to keeping alive India’s age-old rituals that promote well-being. WelcomArt, WelcomJawan, WelcomTheatre, Responsible Dining through Local Love, Eat Wisely and Food Sherpa are some of its flagship programs that have defined responsible luxury.
A recent North American Electric Reliability Corporation (NERC) report warned that some Midwestern states, including Indiana, could see emergency procedures implemented this summer as extreme heat combines with a forecast power capacity shortage and increased demand.
The NERC report said the Midcontinent Independent System Operator (MISO), which is an independent non-profit organization responsible for operating the power grid in 15 US states, including Indiana, was facing a capacity shortfall. in the northern and central United States, which means there is a “high risk of energy emergencies during peak summer conditions.”
The National Oceanic and Atmospheric Administration predicts an increased likelihood of above-normal seasonal average temperatures for most of the United States in June, July and August.
Peak demand projections have increased 1.7% across MISO since last summer, in part due to a return to normal demand trends that had previously been altered by the pandemic.
MISO will also have a 2.3% lower production capacity than in summer 2021. The expected drop in capacity and the increase in demand may require emergency measures.
Could Indiana see power outages this summer?
A MISO spokesperson told IndyStar that to get the power the agency needs to operate, it will declare emergencies more often and rely on emergency procedures, especially on hot summer days when power consumption is high.
“The reality for areas that do not have sufficient generation to cover their required load and reserves is that they will have an increased risk of temporary, controlled outages to maintain system reliability,” said Clair Moeller, president and chief operating officer of MISO, said in a written statement. “From a consumer perspective, these areas may also face higher costs to procure electricity when it is scarce.”
In the worst-case scenario, this lack of capacity could cause the agency to set up continuous blackouts.
However, that would be a last resort. MISO is more likely to buy power from other network operators in real time when needed.
This information “highlights the potential need for contingency procedures to maintain system balance as well as the need for increased import dependence and resource flexibility to reliably generate and manage fuel.” uncertainty of extreme weather,” said Brandon Morris, spokesperson for MISO. , said in a written statement to IndyStar.
“Temporary and coordinated power outages are extremely rare and a final emergency measure implemented to protect the power grid,” Morris continued. “MISO has never taken this step in Indiana. We continue to communicate daily with our member utilities to coordinate plans for any obstacles – like extreme heat – and reliably forecast how much energy homes will have. and businesses will need in the region.”
Utility companies react
AES Indiana and Duke Energy, the two major utilities in central Indiana, detailed their plans if continued outages are implemented.
Kelly Young, spokeswoman for AES Indiana, which serves Indianapolis and Marion County, said in a written statement that AES Indiana plans to generate enough power to meet demand in its central service area. from Indiana.
AES Indiana has plans in place to monitor weather conditions, schedule additional personnel, and review emergency action plans as part of proactive extreme weather management.
“It’s important that everyone has a plan in place in the event of a power outage, especially if you have a specific medical condition,” Young said in a written statement to IndyStar. “You can contact AES Indiana to let us know your condition and we can note it on your account. However, AES Indiana cannot guarantee you priority restoration, and you must have a back-up plan in place, such as using a generator or stay with a friend or family member.”
Angeline Protogere, spokeswoman for Duke Energy, which serves Hamilton County and much of central Indiana, said rotating power outages are “always a last resort.”
“While an individual utility may have adequate supplies, MISO may need to take action to protect the integrity of the electrical grid in the area and direct utilities to reduce demand on the grid through a series of power outages. rotating and controlled,” Protogere said in a written statement to IndyStar.
“For Duke Energy, how these outages would occur depends on the amount of power demand reductions that need to be made. In an event like this, we would try to avoid controlled outages at critical facilities such as than hospitals and water pumping stations.”
As the likelihood of extreme weather is high during the summer months, Duke Energy takes precautions such as planning, maintenance, monitoring weather conditions, purchasing power from the MISO market as necessary to complete the power generation and investing in the power grid, according to Protogere. statement.
“It’s important to note that no system is 100% reliable all the time; things happen like weather events and unexpected equipment failures,” said Indiana Utility spokeswoman Stephanie Hodgin. Regulatory Commission, in a written statement. “But it’s also important to note that facilities in Indiana and this region are designed, built, and maintained with consideration for extreme weather conditions and seasonal peak loads.”
New AEEE study outlines “Roadmap for Demand Flexibility in India” and Effective Low-Carbon Strategies for DISCOMs to Manage Peak Demand
Updated: 03 June 2022 18:01 STI
New Delhi [India]June 3 (ANI/NewsSee): Alliance for an Energy-Efficient Economy (AEEE), one of India’s leading organizations raising awareness of energy efficiency as a resource, today released a report titled “Roadmap for demand flexibility in India” in collaboration with AutoGrid.
The report highlights the wide range of opportunities that demand response (DR) offers that can effectively help power distribution companies (DISCOMs) in India to manage their future growing electricity demand while continuing to operate reliably towards a greener network. It further indicates that DISCOMs should define the ideal consumer-centric DR strategy, including a portfolio of customizable options.
Speaking at the launch of the report, Dr Satish Kumar, President and Chief Executive of the AEEE, said: “Given the growing demand for electricity in India, it is imperative that demand response is widespread. by regulators, system operators and DISCOMs for Today, as power generation becomes greener, but more intermittent and must be predictable, it is absolutely essential to focus on flexible demand as a resource and must be included in the process of integrated resource planning and enabling performance-based regulations. For this to happen at scale, consumers must be allowed to participate in energy and utility markets. ancillary products. Now is the time to leverage advanced measurement infrastructure and other innovative technologies to deploy well-designed DR programs. Enriched with ex global expertise and pioneering experience of AutoGrid, this report will serve as a roadmap and guide for key players responsible for reliable and cost-effective operation in a low-carbon grid. »
According to the report,
Scalable DR programs can be successful if they are designed to create win-win situations for consumers and DISCOMs.
Leveraging energy data collected by smart meters to segment consumers and identify potential target consumers is a useful tactic.
Initial interventions can be facilitated by the use of behavioral DR measures which can be extended to include more advanced automation options like flexible DR.
“We are delighted to partner with the AEEE to establish a clear roadmap to manage issues related to growing peak demand and dependence on coal or other fossil sources,” said Vish Ganti, Vice-President President and CEO of AutoGrid. “By harnessing the power of collective human action, DISCOMS can create a strong customer value proposition for investments in smart meters, virtual power plants, and encourage good behavioral actions,” he added.
Over the past 5 years, a 50% increase in the number of homes equipped with air conditioners has added a significant new cooling load to an already growing peak demand. This growth, however, can be turned into an efficient resource by DISCOMs through intelligent load control with built-in DR and Wi-Fi plug-ins as part of a virtual power plant program.
Demand flexibility through effective disaster recovery programs paves the way for consumer participation in network support service mechanisms. Today, behavioral R&D programs constitute the bulk of this potential and are easy to exploit due to relatively lower running costs. Subsequently, with the rise of controllable loads and smart devices, advanced Auto-DR, called Flexible DR (Flex-DR), should be explored. Flexible demand can go a long way towards balancing supply and demand in network operation with varying supply and increasing demand.
Additionally, well-designed strategic DR initiatives will lead to greater energy efficiency, contributing directly to consumer savings and reaching the net zero emissions goal set at the COP26 summit. According to the report, the Office of Energy Efficiency has highlighted the crucial role of energy efficiency (EE) in India’s energy transition, and the reduction in emissions due to EE is estimated to be equivalent to 50% of India’s total emission reduction targets.
Nonetheless, to sustain operations into the future and achieve the goal of an affordable and reliable energy supply, DISCOMs must think beyond EE programs and take a proactive role in engaging with consumers. In this regard, DR presents an exceptional opportunity for DISCOMs to better adapt to the realities of a cleaner grid and high demand electrification.
Alliance for an Energy Efficient Economy (AEEE) is one of the leading organizations in India working to raise awareness of energy efficiency as a resource. It is a non-profit energy efficiency policy support and market enabler. We promote and support energy efficiency policy and research based on data and evidence.
The AEEE is a convening platform bringing together key energy stakeholders – industry, government, civil society and professionals to engage in constructive dialogue to influence effective and impactful policies. and build a strong ecosystem for effective implementation.
At AEEE, we undertake cutting-edge research-based projects for global bilateral, multilateral, foundations and government agencies specializing in the areas of sustainable cold chain, advanced technologies, sustainable building design, national and local action, public electricity and eMobility services, and energy. Data services and sustainable aviation.
AutoGrid’s mission is to accelerate the adoption of sustainable energy to combat climate change. With over a decade of pioneering experience across the globe, AutoGrid offers renewable project developers, asset owners, energy-as-a-service companies, utilities and power retailers the ability to build, own, operate and participate in intelligent and scalable virtual networks. Power plants (VPP) allowing them to break their dependence on fossil fuels. AutoGrid’s AI-driven software makes electric vehicles, batteries, rooftop solar, utility scale wind, and other distributed energy resources (DERs) smarter.
By enabling real-time prediction, optimization and control of millions of energy assets at an unprecedented scale, AutoGrid is making the vision of a new decentralized, decarbonized and democratized energy world a reality.
The AutoGrid FlexTM platform is currently under contract to manage over 6,000 MW of distributed energy assets in 15 countries, ranging from electric vehicles, storage or rooftop solar to microgrids on campuses or industrial sites, large-scale storage and renewable farms. The world’s #1 virtual power plant and #1 distributed energy resource management platform (according to the latest global rankings from industry-leading research and analytics company Guidehouse Insights).
Additional information can be found at: www.auto-grid.com.
This story is provided by NewsSee. ANI will not be responsible for the content of this article. (ANI/NewsView)
The United States has set an ambitious goal of reducing greenhouse gas (GHG) emissions by at least 50% by 2030. Are we on the right path to success?
A new study by a team of scientists and policy analysts from across the country suggests there are multiple paths to achieving this goal – but big commitments will need to be made, immediately.
“This study should reassure policy makers and other energy players, by showing that everyone in the field is heading in the same direction. The case for clean energy is stronger than ever and our study shows that the 2030 emissions target can be met,” said Nikit Abhyankar, one of the study’s authors and a scientist within from the Electricity Markets and Policy Department of the Lawrence Berkeley National Laboratory (Berkeley Laboratoire). He notes that the most urgent actions will be to double the amount of renewable capacity built each year and shift mostly to electric vehicles over the next decade.
“With the right policies and infrastructure, we can reduce our emissions, while saving American consumers billions of dollars and generating new jobs,” he said.
Reducing GHG emissions by 50% by 2030 would put the United States on track to limit global warming to 1.5 degrees Celsius, according to target scientists, needed to avoid the worst consequences of the climate crisis.
The study, published in Science, consolidates the results of six recently published techno-economic models that simulate in detail the operations of the US energy system. According to the authors, the separate models all agree on four major points:
- The majority of the country’s greenhouse gas emissions come from electricity generation and transportation, so to reduce overall emissions by 50%, the power grid must run on 80% clean energy (compared to 40% today). today), and the majority of vehicles sold by 2030 must be electric. Other important sources of GHG emission reductions include the electrification of buildings and industries.
- The main obstacle to increasing the use of alternative energies will not be the cost, but the adoption of new policies. A coordinated policy response between the states and the federal government will be needed to succeed.
- Thanks to advances in wind, solar and energy storage technologies, powering the electricity grid with renewable energy will not cost more; and electric vehicles could save each household up to $1,000 per year in net benefits.
- A transition to clean energy would reduce air pollution, prevent up to 200,000 premature deaths, and avoid up to $800 billion in environmental and health costs through 2050. Many health benefits will occur in communities of color and frontline communities who are disproportionately exposed to vehicle, power plant and industrial pollution.
“Our study provides the first detailed roadmap for how the United States can achieve its goal of reducing greenhouse gas emissions by 50% by 2030,” said lead author John Bistline, Program Manager in the Energy Systems and Climate Analysis Group at the Electric Power Research Institute. . “This will require tripling the rate of historic carbon reductions, an ambitious but achievable goal if stakeholders work together across sectors. By comparing results from six independent models, we provide greater confidence in the policies and technology deployment needed to meet near-term climate goals, laying the foundation for an affordable, reliable, and equitable net-zero future.
According to Abhyankar, who led the development of one of the six models, “by 2030, wind, solar, coupled with energy storage can provide the bulk of the 80% clean electricity. The results also show that generating the remaining 20% of grid electricity will not require the creation of new fossil fuel generators.” He noted that existing gas-fired power plants, used infrequently and combined with energy storage, hydropower and nuclear power, are sufficient to meet demand during periods of extraordinarily low renewable energy generation or exceptionally high electricity demand.” And if the right policies are in place, coal-fired and gas generators that currently supply the majority of the country’s electricity would recoup their initial investment, thereby avoiding the risk of under-recovery of costs for investors.”
“Since announcing the national emissions reduction pledge at the 2021 United Nations climate conference, the United States has taken steps in the right direction,” Abhyankar said. “But there’s still a lot to do. What we hope is that this study will provide some level of a blueprint for how this might be done.
The other models used for this study were developed by the Electric Power Research Institute, the Environmental Defense Fund, the National Resources Defense Council and the MIT Joint Program on the Science and Policy of Global Change.
# # #
Founded in 1931 on the belief that the greatest scientific challenges are best met by teams, Lawrence Berkeley National Laboratory and its scientists have been awarded 14 Nobel Prizes. Today, Berkeley Lab researchers are developing sustainable energy and environmental solutions, creating useful new materials, pushing the boundaries of computing, and probing the mysteries of life, matter, and the universe. Scientists around the world rely on the facilities of the laboratory for their own scientific discovery. Berkeley Lab is a multi-program national laboratory, operated by the University of California for the US Department of Energy’s Office of Science.
The DOE’s Office of Science is the largest supporter of basic physical science research in the United States and works to address some of the most pressing challenges of our time. For more information, please visit energy.gov/science.
Compiled by Wayne T. Price
Aviles named president of architecture and engineering of the BRPH
BRPH, a nationally-ranked architecture, engineering and construction firm based in Palm Shores, announced that Raul Aviles Jr.is the firm’s new president of architecture and engineering.
Aviles has over 25 years of experience leading medium to large companies engaged in architecture, engineering and construction.
Most recently, he served as Chief Operating Officer and Corporate Vice President for Latin America for AECOM in Phoenix, where he led the operations of a multidisciplinary, 650+ person international operation with an extensive portfolio of multi-million dollar complex design and build infrastructure. projects.
Previously, he was Director of Delivery and Vice President of CDM Smith, where he was responsible for building the company’s West Coast Design and Build Center and expanding operations.
“BRPH is experiencing phenomenal growth, and Raul has both the experience and the heart to lead our architecture and engineering team, as we continue to provide our clients with extraordinary solutions to their most pressing challenges” , said Brian Curtin, Chief Executive Officer and Chairman of the Board of Directors of BRPH. “Raul’s empathetic leadership style embodies the core of our mission and values, in line with the mindset of the founders of BRPH. We look forward to seeing the positive impact Raul will have on our team members and clients. »
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Commenting on his new role, Aviles said, “I am excited to lead our creative and innovative architecture and engineering team through a period of strong growth and market investment. These are very exciting times at BRPH, and we have an incredible team of architects, planners, engineers, technicians and managers who are recognized as some of the most talented in our industry. We have a long and proud history of delivering exceptional results. I am honored to be tasked with continuing our legacy and taking BRPH to new heights.
Aviles holds a master’s degree in business administration from the University of Arizona, a master’s degree in engineering from Rensselaer Polytechnic Institute, and a bachelor of science degree in electrical engineering from the University of Puerto Rico, as well as many certifications in several states. He has published several articles and technical presentations on energy conservation throughout his career.
BRPH is a creative, technically-focused architecture, engineering and construction firm that provides solutions to mission-driven client programs. BRPH operates regional offices in Orlando; South Florida; Atlanta; Charleston, South Carolina; Huntsville, Alabama; Seattle; Phoenix; and Palmdale, California.
For more information, visit brph.com.
Credit Union Appoints Jaenke as Chief Information Officer
Space Coast Credit Union recently announced the appointment of Chad Jaenke as the new Chief Information Officer and Senior Vice President. Jaenke has 25 years of experience leading and mentoring international IT and security operations teams.
“I’m delighted to be here,” Jaenke said. “I look forward to leading this talented team in developing improvements that benefit our operational efficiency and ensure we are at the forefront of security and technology capabilities.”
In his new role, Jaenke will lead various information technology divisions, which include operational systems, security, support and development.
“Chad’s wealth of expertise positions him well for SCCU’s leadership team,” said Timothy Antonition, President and CEO of SCCU. “We are confident that his future perspective will enhance our information technology services.”
Jaenke joins SCCU from Georgia’s largest full-service credit union, where he served as vice president of information technology operations and service management.
He was responsible for overseeing technical strategy for an operations support department of over 40 people, achieving multi-million dollar expense reductions.
Jaenke was the winner of the 2021 Celent Model Bank for Retail Digital Transformation and the 2021 Tekkie Award for COVID-19 Response; and has been recognized for member satisfaction above the national average.
Jaenke’s previous experience includes service at the world’s leading airline communications and information technology solutions company, where he started as Senior Director of Global Data Center and Data Center Operations. network, and rose to the position of director of global data center and infrastructure.
Jaenke graduated in 2007 from Metropolitan State University with an MBA and in 1997 from DeVry University with a bachelor’s degree in telecommunications management.
The Space Coast Credit Union, established in 1951, is based in Melbourne. It has over 540,000 members with assets of over $7 billion. The credit union has a service delivery network of 64 branches, nationwide ATMs, call centers and 24/7 online access.
A group of Florida marine science educators honor Hunsucker
Kelli Hunsucker was recently awarded the John Beakley Florida Marine Science Educators Association “Marine Science Educator of the Year” award.
The association presents the award to an educator who has demonstrated dedication to the promotion and development of marine science in Florida. The award began in 1986 before being renamed in 1999 in honor of Beakley, a professor of marine science resources in Palm Beach County and one of the founders of the Florida Marine Science Educators Association.
Hunsucker said it was an honor to receive the award, which was made even more special because a former student nominated her.
“It just makes you feel really good. You don’t do what you do every day to receive recognition and rewards, but you want to make a difference, and you hope what you do touches people and has an impact,” Hunsucker said.
“I was very touched when I found out that I was nominated and had received the award, that my colleagues in the state thought enough of what I had done to recognize me and bestow on me this incredible success,” she added.
Hunsucker has been an assistant professor at Florida Tech since 2018 and has impacted the university through her teaching and three main areas of research: biofouling, ecological engineering, and outreach.
She has been involved in research on biofouling of ship hulls, as well as the use of ultraviolet-c light on these hulls to control fouling. She has also researched ways to improve the water quality of the Indian River Lagoon.
The flexibility to develop programs that could come from outside the university is one of the things Hunsucker enjoys being a professor.
This has led to the opportunity to do various educational activities in and out of the classroom, such as working with the Space Coast community through the Living Docks program.
Since 2016, Hunsucker, alongside Associate Professor of Ocean Engineering Robert Tisserand and Florida Tech’s Indian River Lagoon research team, in partnership with the local community through the Living Docks program.
The program invites residents to wrap the pilings of the quays with oyster carpets. The mats facilitate the growth of oysters, barnacles and sponges, all of which are filter feeders that help remove excess nitrogen from the waters by incorporating it into their shells and tissues as they grow.
“One of the things that I absolutely love about being a teacher is that you have a lot of autonomy and the ability to do a lot of different things,” Hunsucker said. “Yes, you work at the university and you teach undergraduate students, but also graduate students, and there are so many opportunities for outreach. So, you are not only working with students at this college level, but you also have the opportunity to reach high school students, college students, and members of the community.
The fieldwork Hunsucker has done with his students has also given them real-world experience that prepares them for a career.
She mentioned a recent graduate student who worked in one of Indian River Lagoon’s programs.
Thanks to the oyster restoration work the student had done at Florida Tech, she now works at Stuart, with work that mirrors some of the research she did at Florida Tech.
“So that experience that they get while they’re at Florida Tech really helps them open up a career, and it’s not just her,” Hunsucker said.
“Other students I’ve worked with more on the biofouling side and navy-related projects have also gotten great jobs, whether in government for the navy or at universities.”
Hunsucker hopes to continue making an impact in college and beyond. She received a grant for two ocean-themed children’s books to promote literacy among kindergarten students.
She also recently applied for a grant that would help start a program to engage students across the university in hands-on science and engineering-related projects in the lagoon and offshore.
She is also developing two new courses, estuarine ecology and ocean biology for engineers.
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Balfour Beatty Communities and ENGIE complete energy upgrades for over 1,000 homes in Fort Eustis and Fort Story | national company
NEWPORT NEWS, Va. & HAMPTON ROADS, Va.–(BUSINESS WIRE)–June 1, 2022–
Balfour Beatty Communities, a national residential real estate investment and management company, and ENGIE Services US, a subsidiary of ENGIE North America (ENGIE), a leading provider of low-carbon energy and services, recently completed more than $12 million in energy efficiency improvements to more than 1,000 homes in Fort Eustis and Fort Story, Virginia. The project, which has leveraged private capital, brings modernized fixtures and systems to homes, reducing energy consumption and streamlining related maintenance services while continuing to improve the living experience of military families. This successful project is another example of the benefits realized through the Military Housing Privatization Initiative (MHPI).
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“We are proud to have completed this project, which improves critical systems in military family homes at Fort Eustis and Fort Story,” said Mark Lavin, executive vice president of Balfour Beatty Communities. “Our work with ENGIE makes these military housing communities more resilient and generates utility savings that will be used to further improve these homes as part of our long-term reinvestment effort.”
The project delivered turnkey energy and water efficiency improvements through a self-funded Energy Savings Performance Contract (ESPC), including:
- 77,000 energy efficient lighting and fixture upgrades
- 475 high efficiency heat pump systems
- 995 smart home thermostats
- 1,500 bathroom hygrostats
- Water conservation fixtures, including 4,500 faucet aerators in bathrooms and kitchens, 2,700 low-flow toilets and 1,800 showerheads
- More than 900 homes received building envelope weatherization updates, including energy-efficient vent caps, among other improvements
New HVAC systems reduce the carbon footprint of Balfour Beatty housing facilities while making homes more comfortable to live in, reducing mechanical breakdowns and standardizing equipment across the portfolio to reduce operating costs and of maintenance. These improvements are expected to reduce residential consumption by approximately 3,286,588 kWh/year of electricity, 857 CCF/year of natural gas and 21,284,200 gal/year of water.
“This project helps improve living conditions for our military families while supporting President Biden’s executive order to address the climate crisis at home and abroad. Simultaneously, we were able to support the Army’s climate strategy by reducing greenhouse gas emissions at Fort Eustis and Fort Story by more than 2,000 metric tons,” said Brad Boerger, vice president of business development for ‘ENGIE.
Working with the U.S. military, Balfour Beatty builds sustainability and resilience with projects that enhance its military housing communities. The ESPC initiative also supports the Department of Defense’s goal of providing 100 percent of the energy load required by every U.S. military installation by 2030 through investments in sustainability initiatives such as energy-efficient housing and power generation. ‘renewable energy.
Balfour Beatty and ENGIE continue to expand the ESPC initiative with several new projects in Balfour Beatty Communities’ military housing portfolio at various stages of assessment, approval and implementation.
About Balfour Beatty Communities
Balfour Beatty Communities is an active owner and operator of residential real estate in the multifamily, student and military housing sectors across the United States. Since its inception in 1999, Balfour Beatty Communities has invested in nearly 100 properties representing over $7.9 billion in gross asset value. Our extensive in-house expertise includes decades of property/facility acquisition, development, financing, renovation, leasing and management experience. Leveraging this extensive expertise and a customer service-focused approach, Balfour Beatty Communities seeks to create value in its real estate projects while providing exceptional living experiences. For more information, visit www.balfourbeattycommunities.com.
About ENGIE North America
Based in Houston, Texas, ENGIE North America Inc. is a regional hub of ENGIE, a global leader in low-carbon energy and services. ENGIE (ENGI), is listed on the Paris and Brussels stock exchanges. Together with our 170,000 employees worldwide, our customers, partners and stakeholders, we are committed to accelerating the transition to a carbon neutral world, through reduced energy consumption and more environmentally friendly solutions. Inspired by our purpose, we reconcile economic performance and positive impact on people and the planet, relying on our key businesses (gas, renewable energies, services) to offer competitive solutions to our customers. In North America, ENGIE helps customers achieve their energy efficiency, reliability and ultimately sustainability goals as we work together to shape a sustainable future. We achieve this through: energy efficiency projects, the supply of energy (including renewable energy and natural gas) and the development, construction and operation of renewable energy assets (wind, solar , storage, etc). For more information on ENGIE North America, please visit our LinkedIn page or our Twitter feed, https://www.engie-na.com/ and https://www.engie.com.
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Balfour Beatty Communities: Maureen Omrod, 610-355-8136, [email protected]
ENGIE North America: Michael Clingan, (832) 745-6057, [email protected]
KEYWORD: TEXAS VIRGINIA UNITED STATES NORTH AMERICA
KEYWORD INDUSTRY: ENVIRONMENT OTHER DEFENSE CONSTRUCTION & REAL ESTATE UTILITIES REIT BUILDING SYSTEMS ALTERNATIVE ENERGIES ENERGY DEFENSE RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: Balfour Beatty Communities
Copyright BusinessWire 2022.
PUBLISHED: 06/01/2022 1:22 PM / DISK: 06/01/2022 1:22 PM
To see what motivates them, consider Frasers Centrepoint Trust, a large owner of retail space across the island. In March, his properties were seeing footfall at around 67% of the pre-pandemic average, but tenant sales were at 105% of the 2019 level. cash registers are starting to ring more often on weeknights and landlords are raising rents. According to Frasers’ latest quarterly presentation, incoming leases are more expensive than outgoing ones in all but one of its malls.
As Credit Suisse Group AG analyst Soekching Kum noted in a recent report, Singapore’s retail recovery from the Covid-19 disruptions is not fully priced in. For one thing, the city-state’s famed Changi Airport is doing its best to woo customers as Singapore pursues the most liberal policies for visitors to Southeast Asia. International travel has reached 50% of pre-pandemic levels. The effects of this should be felt in the purchases of foreign tourists in the second half of this year.
But for owners, that won’t be enough to keep investors hooked. One concern is expensive energy. To absorb higher electricity costs at their properties while making the most of the reopening of the city, REITs will need to lower their borrowing costs ahead of significantly higher global interest rates. As of March 31, Frasers had reduced its leverage to 33% of assets – well below the regulatory limit of 50% for Singapore REITs – and hedged its debt so that 68% of it is now backed by equity. fixed interest rates, compared to 54% in December.
Most Singapore landlords are the same way. And that’s wise. To be able to help their investors fight inflation, REITs will need to remain financially prudent – so that their earnings can withstand higher energy and interest costs. That means fewer purchases of expensive, debt-financed new properties, a pause in last year’s $12 billion overseas acquisition spree, and more upgrades that boost rental income by their existing portfolios. Ascendas REIT, which owns industrial properties, has spent just S$133 million ($97 million) so far this year on logistics assets in Chicago, compared to S$1.65 billion spent on mergers and overseas acquisitions in 2021, according to Bloomberg Intelligence.
Office building owners have already benefited from the reopening of the economy. Suntec REIT, which has a five-tower, 2.3 million square foot complex in the heart of the financial center, has offered investors total returns, including dividends, of 15% so far in 2022. Credit Suisse says that industrial and retail REITs are his favorite picks now because of their “more conservative yield buffers and balance sheets, which provide resilience in a rising interest rate environment.”
Singapore REITs had a banner in 2019, when they handed out total returns of over 25% including dividends. This was followed by a 22% drop in the first three months of 2020. This year is unlikely to be as dramatic, but investors aren’t exactly looking for thrills. They will be happy if landlords in Singapore continue to collect – and distribute – higher rents amid the myriad pressures of the global economy. Few assets could work this year as an inflation hedge. If the owners of the small Asian city-state turn out to be an exception, they could be highly sought after.
More from Bloomberg Opinion:
• Singapore’s office market can live with telecommuting: Andy Mukherjee
• This Risk-On rally rests on risky foundations: John Authers
• In Singapore, a chicken ban is a serious threat: Daniel Moss
This column does not necessarily reflect the opinion of the Editorial Board or of Bloomberg LP and its owners.
Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services in Asia. Previously, he worked for Reuters, the Straits Times and Bloomberg News.
More stories like this are available at bloomberg.com/opinion
Talos Energy Inc. (NYSE: TALO – Get Rating) director Riverstone Energy Partners V sold 137,506 shares of the company in a trade dated Friday, May 27. The shares were sold at an average price of $22.26, for a total value of $3,060,883.56. Following the completion of the sale, the administrator now owns 13,831,116 shares of the company, valued at $307,880,642.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link.
Riverstone Energy Partners V, also recently made the following trade(s):
- On Wednesday, May 25, Riverstone Energy Partners V, sold 131,673 shares of Talos Energy. The shares were sold at an average price of $21.36, for a total value of $2,812,535.28.
- On Wednesday, May 18, Riverstone Energy Partners V sold 124,352 shares of Talos Energy. The shares were sold at an average price of $19.33, for a total value of $2,403,724.16.
- On Monday, May 16, Riverstone Energy Partners V sold 48,498 shares of Talos Energy. The shares were sold at an average price of $19.18, for a total value of $930,191.64.
- On Monday, May 9, Riverstone Energy Partners V, sold 2,900 shares of Talos Energy. The shares were sold at an average price of $19.06, for a total value of $55,274.00.
- On Thursday, April 28, Riverstone Energy Partners V sold 11,800 shares of Talos Energy. The shares were sold at an average price of $19.03, for a total value of $224,554.00.
- On Friday, April 22, Riverstone Energy Partners V sold 8,444 shares of Talos Energy. The shares were sold at an average price of $19.08, for a total value of $161,111.52.
- On Wednesday, April 20, Riverstone Energy Partners V, sold 128,892 shares of Talos Energy. The shares were sold at an average price of $19.99, for a total value of $2,576,551.08.
- On Monday, April 18, Riverstone Energy Partners V sold 128,039 shares of Talos Energy. The stock was sold at an average price of $20.11, for a total value of $2,574,864.29.
- On Thursday, April 14, Riverstone Energy Partners V sold 237,001 shares of Talos Energy. The stock was sold at an average price of $19.94, for a total value of $4,725,799.94.
- On Tuesday April 12, Riverstone Energy Partners V sold 62,843 shares of Talos Energy. The stock was sold at an average price of $19.18, for a total value of $1,205,328.74.
Shares of Talos Energy traded down $0.63 on Tuesday, hitting $21.60. The stock recorded a trading volume of 1,784,952 shares, compared to an average volume of 1,409,432 shares. Talos Energy Inc. has a 12-month low of $8.57 and a 12-month high of $23.04. The company’s 50-day moving average is $18.67 and its two-hundred-day moving average is $14.21. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt ratio of 1.33. The stock has a market capitalization of $1.78 billion, a price-earnings ratio of -13.76 and a beta of 2.29.
Several analysts have recently released reports on the company. KeyCorp raised its target price on Talos Energy from $22.00 to $24.00 and gave the stock an “overweight” rating in a Thursday, May 26 report. Stephens assumed cover for Talos Energy in a Wednesday, April 13, report. They set an “overweight” rating and a target price of $28.00 on the stock. Roth Capital raised its target price on Talos Energy from $18.00 to $23.00 in a Friday, April 22 report. TheStreet upgraded Talos Energy from a ‘d’ to a ‘c’ rating in a Friday, February 25 research note. Finally, Zacks Investment Research upgraded Talos Energy from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a Wednesday, April 13 research note. One equity research analyst gave the stock a hold rating, six gave the stock a buy rating and one gave the stock a high buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $20.50.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Talos Energy by 0.6% in the first quarter. BlackRock Inc. now owns 7,671,614 shares of the company valued at $121,134,000 after purchasing an additional 43,219 shares in the last quarter. Vanguard Group Inc. increased its position in Talos Energy by 29.3% during the first quarter. Vanguard Group Inc. now owns 4,250,289 shares of the company worth $67,112,000 after purchasing an additional 962,857 shares in the last quarter. Sourcerock Group LLC increased its position in Talos Energy by 92.0% during the fourth quarter. Sourcerock Group LLC now owns 3,882,131 shares of the company worth $38,045,000 after purchasing an additional 1,859,998 shares last quarter. State Street Corp increased its position in Talos Energy by 6.6% during the first quarter. State Street Corp now owns 3,471,208 shares of the company worth $54,810,000 after purchasing an additional 214,836 shares last quarter. Finally, Dimensional Fund Advisors LP increased its position in Talos Energy by 18.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,583,922 shares of the company worth $40,803,000 after purchasing an additional 409,881 shares in the last quarter. 89.05% of the shares are currently held by institutional investors.
About Talos Energy (Get a rating)
Talos Energy Inc, an independent exploration and production company, is focused on the exploration and production of oil and gas properties in the Gulf of Mexico in the United States and offshore Mexico. As of December 31, 2021, the company had proven reserves of 161.59 million barrels of oil equivalent, consisting of 107,764 thousand barrels of crude oil, 236,353 million cubic feet of natural gas and 14,435 thousand barrels of oil. raw.
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The Group of Seven (G7) industrialized economies have launched a new hydrogen pact to accelerate the development of blue and green hydrogen and hydrogen2 derivatives such as ammonia, in the hope that they can play a role in tackling the ongoing climate crisis and the energy crisis exacerbated by Russia’s war in Ukraine.
The Hydrogen Action Pact (G7-HAP) commits the G7 countries – Germany, the United States, the United Kingdom, Japan, Italy, France and Canada – to accelerate the development of blue and green hydrogen and “Power-to-X” in difficult areas. reduce sectors, accelerating regulatory frameworks and common standards on H2and identify and fill existing “gaps” in hydrogen scale-up in G7 countries and elsewhere.
“Accelerating global markets and supply chains for low-carbon, renewable hydrogen and its derivatives is a key step towards fully decarbonising our economies,” said climate and energy ministers. energy of the G7 in a 39-page press release.
“This need has become even more prevalent given the current geopolitical unrest and disruption, which has resulted in record high energy prices and a serious risk to our energy security.”
The G7-HAP also confirms the strong financial commitment of nations to the ramp-up of the blue and green hydrogen market, as well as the exchange of best practices on sustainable H2 production and ongoing dialogue on the emerging geopolitical implications of a global hydrogen economy – but delivers little of the “action” promised in its name.
And controversially, the G7 also pledged to “support the role of low-carbon, renewable hydrogen and its derivatives in the decarbonization of natural gas infrastructure and for zero-thermal electricity generation.” emission”.
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The term “low carbon hydrogen” usually refers to blue H2 derivative of fossil gas with incomplete carbon capture and storage, its inclusion in a document stating that reducing Europe’s dependence on Russian gas “is of particular urgency”, could raise some concerns. eyebrows.
The same goes for singling out the use of hydrogen in natural gas infrastructure – the pipelines that many believe don’t have a major role to play in decarbonizing heating, fuel’s primary role. today, due to the expense and technical challenges that would be involved.
Supporting hydrogen for thermal power generation is also widely seen as a very expensive use of expensive fuels. Use renewable electricity to produce green hydrogen, before compressing/liquefying, storing and transporting it H2then burning it to generate electricity would result in efficiency losses of around 70-80%, meaning up to four-fifths of the original clean energy is wasted.
Hydrogen could be used to generate backup power when the wind isn’t blowing and the sun isn’t shining, but other forms of long-term energy storage are widely considered to offer better value -price – unless the H2 was used for “seasonal storage”, i.e. storing excess solar power in the summer for use in the winter. But that would make electricity hugely expensive and probably wouldn’t make economic sense until variable renewables take up a much larger share of the energy mix.
And if the natural gas infrastructures and the production of thermal electricity have been singled out by the G7, there has been no question of so-called “no regrets” uses of clean hydrogen and its derivatives in sectors non-electrifiable, such as ammonia fertilizer production, petroleum refining, heavy industries such as steel and cement, and long-distance shipping – all of which today require huge amounts of gray hydrogen or dirty fossil fuels.
This despite a recent call from the IEA for G7 Industrialized Economies reduce some six billion tonnes of CO2 emissions from their heavy industries, which are responsible for 25% of the seven nations’ energy system emissions.
The G7-HAP also promised to “streamline the implementation of existing multilateral activities” while “avoiding duplication with other initiatives” from bodies such as the International Energy Agency (IEA) and the International Renewable Energy Agency (Irena).
Yet most of the commitments are inevitably linked to existing initiatives, such as the European REPowerEU program and the related program draft delegated actsthe deployment of support schemes in the US, UK, Japan and the EU, as well as existing bilateral agreements, such as between Germany and the United States.
In addition to the G7-HAP and other commitments in the communiqué relating to energy security and the continuing food crisis caused by the war in Ukraine, ministers also pledged research and development on low-emission aviation. carbon, including hydrogen and electrical solutions.
“The current crisis highlights the real and urgent need and opportunity for Europe to reduce its dependence on Russia by diversifying supply, accelerating the deployment of clean, secure and sustainable energy technologies and critically improving energy efficiency, with significant progress possible by the end of the year,” the ministers said.
“We underscore the central role of low-carbon, renewable hydrogen and its derivatives such as ammonia in achieving net-zero emissions and an energy-secure future.”
The U.S. Environmental Protection Agency and Army Corps of Engineers are listening to feedback on how they enforce clean water rules, as what is considered a regulated body of water may soon change to new.
Late last year, the EPA proposed changes to the Waters Definition of the United States (WOTUS), which would add many bodies of water to federal regulations that were removed under the Trump administration.
The proposal has drawn ire from many agricultural interests, including some of the participants in a virtual forum on Monday, including Megan Dwyer, director of conservation and nutrient management at the Illinois Corngrowers Association.
“Expanding the scope of working lands that fall under WOTUS is not the same as solving a problem,” Dwyer said. “Farmers need clarity and certainty on any rule. But more than that, we need practical and sensible strategies to continue to implement conservation practices, preserving infrastructure and ensuring that truly navigable waters are protected.
The argument made by many farmers is that rivers, creeks, streams and wetlands are included in the WOTUS definition, and therefore Clean Water Act regulations, change too often as Presidential administrations change.
They also argue that it discourages farmers from participating in environmentally friendly efforts like the conservation reserve improvement program.
“By expanding definitions of U.S. waters and regulating agriculture as if it were a closed-loop factory, the EPA and Army Corps could actually make it harder for farmers to continue to improve water quality,” said Ray Gaesser, who farms 5,000 acres. corn and soybeans in southwestern Iowa.
But the changes to the WOTUS rules could be a done deal. The public comment period for this change ended months before the start of the virtual roundtables.
“The public comment period on this proposal ended Feb. 7, and we are considering the comments we received,” said Navis Bermundez, EPA Deputy Assistant Administrator, at the launch of Monday’s forum.
“While we cannot consider the new information provided here today as part of this process, we look forward to your feedback and experiences on how we have implemented this term so that we can make a better work to ensure that we all have access to clean products. water in the future,” she said.
Implementing the rules could be just as important as changing the definition of water bodies included in federal regulations.
Environmental interests push for strong and strict enforcement.
“Our wastewater treatment facilities are unable to handle and process waste and materials they weren’t designed for 100 years ago,” said Mila Marshall of the Illinois Sierra Club. “Industry [needs to be] held responsible for the release of toxins and pollutants into drinking water systems.
Agriculture is one of the industries that environmentalists want to see meet high drinking water standards. Nutrient runoff and soil erosion are among the pollutants that threaten waterways.
Some of the comments call on the agricultural sector to take more responsibility by tying clean water practices to government subsidies like crop insurance.
“It seems to me that if the federal government is going to provide financial assistance to farmers, that we incorporate these conservation practices as a requirement,” said Zack Pistora of the Kansas Sierra Club.
The virtual roundtables will continue until June 24. Final changes to the definition of US waters and the implementation of the rules will likely be announced by the end of the year.
Coiled Tubing Services Market 2022 Segment Analysis by Top Key Players: Schlumberger, Halliburton, Baker Hughes (GE), Weatherford, Superior Energy, Archer, Calfrac Well Services, Cudd Energy Services (RPC), National Oilwell Varco, Pioneer Energy Services, PT Elnusa Tbk, Legend Energy, Smape Srl, Jereh Group – ManufactureLink
New Jersey, USA, – Mr Accuracy Reports published new research on Global Coiled Tubing Services covering the micro level of analysis by competitors and key business segments (2022-2029). Global Coiled Tubing Services explore in-depth study on various segments such as opportunities, size, development, innovation, sales and overall growth of key players. The research is carried out on primary and secondary statistical sources and consists of qualitative and quantitative details.
Some of the Major Key Players profiled in the study are Schlumberger, Halliburton, Baker Hughes (GE), Weatherford, Superior Energy, Archer, Calfrac Well Services, Cudd Energy Services (RPC), National Oilwell Varco, Pioneer Energy Services, PT Elnusa Tbk, Legend Energy, Smape Srl, Jereh Group
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Various factors are responsible for the growth trajectory of the market, which are studied extensively in the report. In addition, the report lists down the restraints that threaten the global Coiled Tubing Services market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics and forecasts for various segments and sub-segments considering macro and micro environmental factors. It also assesses the bargaining power of suppliers and buyers, the threat of new entrants and product substitutes, and the degree of competition prevailing in the market.
Global Coiled Tubing Services Market Segmentation:
Coiled Tubing Services Segmentation by Type:
Coiled Tubing Services Segmentation by Application:
On territory outside territory
Key aspects of the market are illuminated in the report:
Summary: It covers summary of most vital studies, global Coiled Tubing Services market increase rate, humble circumstances, market trends, drivers and issues along with macro pointers.
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Market Segmentation: By Geographical Analysis
The Middle East and Africa (GCC countries and Egypt)
North America (United States, Mexico and Canada)
South America (Brazil, etc)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
The cost analysis of the Global Coiled Tubing Services Market has been performed while considering manufacturing expense, labor cost, and raw materials along with their market concentration rate, suppliers, and of the price trend. Other factors such as supply chain, downstream buyers, and sourcing strategy have been assessed to provide a comprehensive and in-depth view of the market. Buyers of the report will also be exposed to market positioning study with factors like target customer, brand strategy and pricing strategy taken into consideration.
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Russian forces continued their offensive in eastern Ukraine, closing in on strategic towns and shelling Kharkiv after Ukrainian President Volodymyr Zelenskiy visited the northeastern city on his first trip out of Kyiv since the start. of the full-scale Russian invasion.
Russian forces increased pressure on Syevyerodonetsk and Lysychansk in eastern Ukraine after claiming to take the nearby town of Lyman, with Ukrainian officials saying the defenders were holding out in desperate conditions in these strategic areas.
Lugansk regional governor Serhiy Hayday said the situation in Lysychansk had worsened significantly in recent hours and “there are dead and injured”.
In Syevyerodonetsk, the Ukrainian General Staff said Russian forces carried out an assault operation while Hayday said street-to-street fighting raged in the town on the banks of the Donets River.
On May 29, Zelenskiy made a surprise visit to the northeastern city of Kharkiv, venturing out of the capital, Kyiv, for the first time since Russia’s unprovoked invasion began on February 24. .
He visited soldiers on the front line and held a session with local officials, including Kharkiv Mayor Ihor Terekhov, regional administrator Oleh Synyehubov and members of the military command.
“You are risking your lives for all of us and for our country,” Zelenskiy’s office, quoting the president, told troops fighting there.
The presidential office posted a video on the Telegram messaging app of Zelenskiy in a bulletproof vest as he roamed areas devastated by Russian shelling in and around the city in recent weeks.
Reuters reported that hours after Zelenskiy’s visit, several explosions were heard in the city and a large plume of smoke was visible northeast of the central area.
Ukraine’s state emergency service said Russian shelling caused fires around Kharkiv, the country’s second-largest city. Russia continued to shell Kharkiv after Ukrainian fighters pushed its forces back from positions near the city several weeks ago.
Russian forces turned their efforts to the eastern part of Ukraine after fierce resistance prevented them from taking Kyiv at the start of the invasion.
The president’s office said Synyehubov told Zelenskiy that Ukrainian forces had made progress in their counterattack against the latest Russian offensive.
“But we are not yet in a position to fully inspect some of the liberated settlements, as shelling continues, or to conduct full-fledged mine clearance and start rebuilding critical infrastructure,” Synyehubov said.
He added that Russian forces had damaged 2,229 high-rise buildings, including 225 completely destroyed, in the area. He said the northern and eastern districts of Kharkiv suffered the most damage, with more than 30% of the housing stock destroyed.
The figures could not immediately be verified.
Earlier, in his late-night video address on May 28, Zelenskiy expressed hope that allies will provide the necessary weapons as Ukrainian forces attempt to halt the advance of Russian invasion forces in the east. .
Zelenskiy said he good news expected on arms deliveries this week, without giving details.
Zelenskiy said the military situation in the Donbass region was complicated, adding that defenses were holding out in a number of places, including Syevyerodonetsk and Lysychansk, the last major areas under Ukrainian control in the Luhansk region.
“It’s indescribably tough out there. And I’m grateful to everyone who stood up to that onslaught,” he said.
Russian invading forces have reportedly made progress in recent days in Donbass in eastern Ukraine, including Luhansk and Donetsk regions.
Fighting for control of Syevyerodonetsk continues, with Russian forces carrying out assault operations on May 28, the General Staff of the Armed Forces of Ukraine said on May 29.
“With the use of artillery, Russian forces conducted assault operations in the area of the city of Syevyerodonetsk,” the General Staff said in a statement posted on its Facebook page.
Hayday, the governor of Luhansk, said Russian forces dug into the Myr Hotel in northern Syevyerodonetsk.
He said the bulk of Russian forces were unable to advance into the city center and were causing casualties, but he also said Ukrainian troops were not currently able to “push them out of the hotel”.
Russian artillery was also pounding the Lysychansk-Bakhmut road, which Russia must use to close off a pincer movement and encircle Ukrainian forces, and police said there was extensive destruction in Lysychansk.
Ukrainian officials said on May 29 that Russian forces had been pushed back from Bakhmut, although specific battlefield details could not be immediately verified.
Britain’s Ministry of Defense said in its May 28 daily intelligence report that if Russia succeeded in gaining control of these areas, the Kremlin would likely view it as a substantial political achievement, which it could use to justify its invasion. to the Russian people.
In his late-night speech, Zelenskiy said Ukraine was approaching the point where it would outnumber the Russians both technologically and in strike capability.
Ukrainian Defense Minister Oleksiy Reznikov said Ukraine had started receiving Harpoon anti-ship missiles from Denmark and self-propelled howitzers from the United States.
“Our country’s coastal defense will not only be strengthened by Harpoon missiles, they will be used by trained Ukrainian teams,” Reznikov wrote on his Facebook page on May 28.
He said Harpoon coast-to-ship missiles would be used alongside Ukraine’s Neptune missiles for the defense of the country’s coast, including the southern port of Odessa.
Last month, the Moskva, flagship of Russia’s Black Sea Fleet, sank after what Ukraine said was an anti-ship missile attack. Moscow says a fire triggered an explosion of ammunition.
With reports from the AP, AFP and Reuters
Shares of MEG Energy Corp. (OTCMKTS:MEGEF – Get Rating) received a consensus “buy” recommendation from the nine research firms that cover the stock, reports Marketbeat Ratings. One analyst rated the stock with a hold recommendation and two gave the company a buy recommendation. The 12-month average price target among brokers who updated their coverage on the stock in the past year is $20.83.
Several analysts have commented on the company. National Bank Financial raised its target price on MEG Energy from CA$24.00 to CA$32.00 in a Thursday, April 14 research note. Scotiabank raised its target price on MEG Energy from C$22.00 to C$23.00 in a Monday, April 18 research note. BMO Capital Markets raised its price target on MEG Energy from C$22.00 to C$25.00 in a Tuesday, May 3 report. TD Securities raised its price target on MEG Energy from C$21.00 to C$23.00 in a Tuesday, May 3 report. Finally, CIBC raised its price target on MEG Energy from CA$20.00 to CA$23.00 in a Thursday, April 14 report.
MEGEF shares opened at $17.20 on Friday. The company’s fifty-day simple moving average is $14.97 and its two-hundred-day simple moving average is $12.31. MEG Energy has a 12-month low of $5.23 and a 12-month high of $17.71.
About MEG Energy (Get an evaluation)
MEG Energy Corp., an energy company, is focused on sustainable in-situ thermal oil production in the Southern Athabasca oil region of Alberta, Canada. The Company holds a 100% interest in approximately 410 square miles of mining leases. It also develops oil recovery projects that use steam-assisted gravity drainage mining methods to improve oil recovery, as well as reduce carbon emissions.
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As the cost of electricity rises, many New Zealanders will be looking for ways to get their electricity bills under control.
But how many tricks like turning off appliances on the wall and taking shorter showers really save money?
Research shows that some of our most common energy-saving exercises make little difference, and others, like washing dishes by hand, may actually be less energy efficient.
However, some changes can save hundreds of dollars a year – and which devices use the most power might surprise you.
* How to avoid increasing the electricity bill while working from home
* Seven ways to reduce your carbon footprint at home (and what that actually means)
* Simple Mistakes You Probably Make With Your Dishwasher
Turn off the lights
While flipping the switch when you leave a room can save pennies an hour, there are far greater savings to be made by switching to LED bulbs, according to Consumer NZ Product Testing Team Leader James le Page. .
Despite the higher upfront cost of LEDs, the bulbs pay for themselves quickly with lower electricity bills.
A mid-range LED costs $18, uses 9.5 watts of electricity, and has an expected life of 15,000 hours.
A 60-watt incandescent bulb, which produces the same light, costs 50 cents but only lasts 1,000 hours, the Page said.
“If the light is on for three hours every day, incandescent will use $17.08 in electricity per year, compared to $2.70 for LED. That’s a savings of $14.38 per year.
This means that the LED bulb will pay for itself in just over a year and will last another 12 years if used for three hours a day, while the incandescent bulb will need to be replaced every year.
“These numbers show that you shouldn’t wait for your incandescent bulbs to explode – it’s more cost effective to replace them with LEDs now,” the Page said.
Turn off devices on the wall
If you really want to save as much as you can, turning off devices on the wall will completely eliminate power consumption, the Page said.
However, most devices consume very little power in standby mode.
Testing with New Zealand consumers found that some technologies, including televisions, Blu-ray players and home theater systems, cost just pennies a year on standby, while clothes dryers, games, washing machines and microwaves left on standby use less than $10 of electricity. over 12 months.
At the other end of the scale, set-top boxes and some multi-function printers consume significantly more power in standby mode.
In the case of multifunction printers, standby power consumption ranges from nothing at all to over $10 per month on different models.
Set-top box TVs have been found to use almost as much power in standby as they are in use and can cost $53.75 per year, even if the TV is never on.
Take shorter showers
With around 30% of the energy used by an average household for hot water, reducing the time spent in the shower is a great way to cut costs, according to Paul Fuge, Head of Powerswitch.
Every five minutes spent in the shower costs 33c. So, by reducing daily showers from 10 minutes to five minutes, a family of four could save $450 a year.
Wash clothes in cold water
Test results from New Zealand consumers show that washing your clothes in cold water is significantly cheaper than washing in hot water, Le Page said.
A cold wash in a front or top loader costs 3c to 8c per load, while a hot wash costs 13c to 46c.
A hot wash per day at 46°C per load would cost $167.90 per year. A daily cold wash at 8c per load would cost just $29.20.
Do the dishes by hand
Research shows that washing dishes by hand uses more hot water than running the dishwasher.
A 2011 study from the University of Bonn, Germany, found that households without a dishwasher used on average more than twice as much water to clean dishes as those with one.
The research was backed up by Consumer NZ’s own tests which showed the average dishwasher used 13.5 liters to clean a full load.
“By comparison, our test sink two-thirds full holds 13 liters,” said Erin Bennett, product testing editor.
“To wash as many dishes as a full dishwasher, you need to run at least three sinks (39 L), including the pre-rinse.”
Rinsing the suds from the dishes added another sink full of water and even more would be used if rinsing under a dripping faucet.
“While our tests show that dishwashers are generally more water efficient, there are multiple handwashing variations, so it’s important to think about how many gallons of water you personally use,” Bennett said. .
Ditch the dryer
If you have an outdoor washing line, the Page advises you to use it. However, it is not recommended to dry clothes indoors on a clothes rack, as moisture that accumulates indoors can lead to damp and mold growth.
“If you’re going with a clothes dryer, especially in the winter when drying outside isn’t an idea, heat-pump dryers use the least amount of electricity,” the Page said.
“You can check if your electricity plan has cheaper periods, so you can save a few cents per load when using the dryer – some plans offer reduced off-peak rates or even free electricity for a short time every Make sure you don’t pay extra to dry your clothes during peak hours.
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May 27 (Reuters) – U.S. energy companies cut oil and gas rigs this week for the first time in 31 weeks, but rig counts even rose for a record 22nd consecutive month.
The weekly drop in the number of rigs comes as some publicly traded U.S. companies continue to focus more on returning cash to shareholders and paying down debt than increasing production.
The number of U.S. oil and gas rigs, an early indicator of future production, fell by one to 727 in the week to May 27, energy services firm Baker Hughes Co said in its tracking report on Friday. from close. , ,
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Despite the platform’s decline this week, Baker Hughes said the total number was still up 270, or 59%, from the same time last year.
In May, the total number of oil and gas rigs rose by 29, the largest monthly increase since February.
US oil rigs fell two to 574 this week, their first drop in 10 weeks, while gas rigs rose one to 151 to their highest level since September 2019.
For the month, the number of oil rigs rose for a record 21 straight months, while the number of gas rigs rose for a ninth straight month, the most since May 2017.
Even though the number of rigs has increased every month since August 2020, weekly increases have been mostly single digits and oil production is still below pre-pandemic record highs as many companies focus more about getting money back to investors and paying off debt than about increasing production. .
Since Moscow invaded Ukraine on February 24, the US government has urged drillers to produce more oil and gas to reduce domestic prices and help allies break their dependence on Russian energy. .
U.S. crude production was on track to drop from 11.2 million barrels per day (bpd) in 2021 to 11.9 million bpd in 2022 and 12.9 million bpd in 2023, according to energy data federal. This compares to a record 12.3 million bpd in 2019. read more
But with oil prices up around 53% so far this year after climbing 55% in 2021, a growing number of energy companies have said they plan to increase spending for a second year. in a row in 2022 after cutting spending on drilling and completions in 2019 and 2020. .
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Reporting by Scott DiSavino Editing by Marguerita Choy
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Melbourne, May 27, 2022 AEST (ABN Newswire) – Vintage Energy Ltd (ASX:FRI) announces that ministerial approval has been received for the transaction announced on March 29, 2022 for the acquisition of the 15% interest of Beach Energy Ltd. in the Cooper Basin PRL 211 license by Vintage and the other license interest holders, Metgasco Ltd and Bridgeport (Cooper Bassin) Pty Ltd.
The parties to the joint venture (“JV”) acquired their respective share in the 15% interest pro rata to their existing interest, resulting in the following interests: Vintage 50% and Operator; Bridgeport 25%; and Metgasco 25%.
PRL 211 is located close to existing gas producing fields and infrastructure in the Cooper Basin and contains the Odin gas field, discovered and tested in September/October 2021. Odin is scheduled to expand to ATP 2021, a licensed sharing identical participants and stakes with PRL 211, and which owns the Vali gas field.
The ATP 2021 joint venture plans to commence gas supply from Vali to AGL in September/October 2022 following completion of the current well, pipeline and construction completion program. The Odin-1 discovery well is to be completed as a gas producer during the next well completion campaign announced in the Vali Operational Update of May 25, 2022.
*To view the location map, please visit:
About Vintage Energy Ltd
Vintage Energy Ltd (ASX: VEN) was formed to acquire, explore and develop energy assets primarily in, but not limited to, Australia to take advantage of generally favorable energy price prospects.
Vintage Energy Ltd.
Hill 73 InvestorsObserver gives shares of Indonesia Energy Corp Ltd (INDO) the spot near the bottom of the energy sector. In addition to scoring more than 19% of energy sector stocks, INDO’s overall rating of 73 means the stock scores better than 73 of all stocks.
What do these notes mean?
Finding the best stocks can be tricky. It is not easy to compare companies from one sector to another. Even companies in the energy sector can sometimes be difficult to compare. InvestorsObserverThe tools allow for a top-down approach that allows you to choose a metric, find the best sector and industry, and then find the best stocks in that sector. Not only are these scores easy to understand, but it’s also easy to compare stocks to each other. You can find the best stock in energy or find the sector with the highest average score. The overall score is a combination of technical and fundamental factors that provides a good starting point when analyzing a stock. Traders and investors with different goals may have different goals and will want to consider other factors than just the overall number before making investment decisions.
What’s going on with Indonesia Energy Corp Ltd shares today?
Indonesia Energy Corp Ltd (INDO) stock is trading at $15.18 at 12:59 p.m. Thursday, May 26, up $0.48, or 3.27% from the previous closing price of $14.70. The stock has traded between $14.51 and $15.90 so far today. Today the volume is low. So far, 672,005 shares have been traded with an average volume of 1,959,161 shares. Click here for the full Indonesia Energy Corp Ltd stock report.
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Earlier this year, more than 200 young people sent a letter to the Florida Department of Agriculture and Consumer Services (FDACS) urging our state to set goals to achieve 100% renewable energy by 2050 .
The fossil fuel-based energy system harms both public health and safety. The effects of pollution, including global warming greenhouse gases, are borne disproportionately by low-income communities, communities of color and young people.
These groups contribute very little to the causes of climate change. They lack the money to cope with or adapt to rising temperatures, more frequent and less predictable storms, and rising sea levels.
These disparities will increase if our leaders fail to address the dangers of the fossil fuel-based energy system. Florida leadership is behind in setting enforceable renewable energy goals that create opportunity and minimize harm.
Florida Agriculture Commissioner Nikki Fried responded to the youth petition with a proposed rule that requires utilities to achieve 100 percent renewable energy by 2050. The rule would require utilities to submit 10-year plans to FDACS, so the department can assess a utility’s progress in meeting goals. The FDACS would then have to report annually on the progress of public services to the Public Service Commission, the Governor and the Legislative Assembly.
Get the latest political updates from Central Florida and across the state.
Yale University and George Mason University found that a majority of Floridians support state policies that:
- Require utilities to generate more electricity from renewable sources
- Demand that the state do more to address the damage caused by climate change
- Demand that the private sector and big business take action on climate change.
Fried’s proposed rule requires utility companies and government officials to increase the use of renewable energy at an achievable and scientifically supported rate. It’s up to the Florida Public Service Commission (PSC) to make sure the rule is enforced and benefits everyone fairly.
We urge the PSC to set a fair standard and initiate its own regulation that ensures that:
- At least 66% of renewable energy comes from distributed energy resources, such as rooftop solar and community solar
- At least 25% of renewable energy generation is managed by the community, for example through public electricity or cooperative utilities
- Residents of rural, minority, low-income and underserved neighborhoods are involved in energy development planning and evaluation
- Generation sources are prioritized based on lowest environmental impacts
The PSC must ensure that proposed objectives, planning and transparent reporting are achieved. The Energy Board must ensure that the appropriate resources and a shared understanding are established so that the PSC can implement and enforce the rules.
Florida should leverage its renewable energy potential to protect the health and safety of Floridians. It is becoming more affordable for consumers and producers to adopt renewable energy. We can no longer allow the fossil fuel-based system to take advantage of those who have contributed the least to climate change.
Natalia Brown is Climate Justice Program Manager at Catalyst Miami and serves on the Miami Climate Alliance Steering Committee. Delaney Reynolds is the lead petitioner for the development of 100% renewable energy rules by the FDACS and a former plaintiff in the youth-led constitutional climate case, Reynolds v. Florida.
“The Invading Sea” is the opinion arm of the Florida Climate Reporting Network, a collaboration of news organizations across the state focusing on the threats posed by global warming.
KINGMAN – The Kingman Field Office has completed a preliminary environmental assessment for the UniSource Antares upgrade project at Meadview 69kV and is seeking public comment.
UNS Electric, Inc., a subsidiary of UniSource Energy Services, proposed to construct a new transmission line approximately 10 miles to reinforce its existing local right-of-way from the BLM to support the proposed project. The Preliminary Environmental Assessment can be found in the BLM’s National NEPA Registry. The link to the project is here: https://eplanning.blm.gov/eplanning-ui/admin/project/2016129/510
The purpose of the project is to address tension issues in the growing community of Meadview. The proposed extension of the 69 kV power line would meet increased energy demands and provide reliable and consistent electricity to the region.
The 30-day public comment period ends June 17, 2022. Electronic comments may be submitted through the blm.eplanning.gov link listed above. Written comments may be submitted to the BLM Kingman Field Office, 2755 Mission Blvd, Kingman, AZ 86401. If you would like to receive a hard copy of the EA, contact the BLM Kingman Field Office at 928-718-3700 . If you have questions related to the project, please contact Maria Nicoletti, Senior Real Estate Specialist, at [email protected], or 928-718-3700.
The BLM manages more than 245 million acres of public land located primarily in 12 western states, including Alaska, on behalf of the American people. The BLM also administers 700 million acres of underground mining properties across the country. Our mission is to maintain the health, diversity, and productivity of America’s public lands for the use and enjoyment of present and future generations.
The acquisition includes 4 wind farms, all of which benefit from long-term contracts with the French government:
- The 16 MW Arcy-Précy wind farm is located in Burgundy and consists of eight Vestas V110 turbines. The project was commissioned between September 2021 (12MW) and May 2022 (4MW) and benefits from a fixed price government contract until August 2041.
- The 9.4 MW Butte de Menonville wind farm is located in the Center Val-de-Loire region of France and consists of four Enercon E92 turbines. The project was commissioned in July 2021 and benefits from a fixed price government contract until June 2041.
- The 20.3 MW Genonville wind farm is located in the Center Val-de-Loire region of France and consists of six Nordex N117 turbines. The project was commissioned in March 2022 and benefits from a fixed price government contract until February 2042.
- The 19.8 MW Grande Espace wind farm is located in the Center Val-de-Loire region of France and consists of six Vestas V112 turbines. The project was commissioned between August 2017 and October 2018 and benefits from a fixed price government contract until August 2032.
The transaction is the company’s second portfolio acquisition in France, as it continues to execute its European growth strategy and follows Greencoat Renewables’ expansion into Spain, Finland, Germany and Sweden.
Christoph Sutter, Head of Renewables at Axpo, said: “I am delighted to see that once again we have been able to sell an attractive portfolio of wind farms which were part of Volkswind’s extensive development pipeline in France. .
“With continued investor interest in purchasing wind power plants, this is an excellent opportunity for Axpo to generate additional revenue and increase the value added of our renewables business.”
The transaction is expected to close in the second quarter of 2022.
Bertrand Gautier, Investment Manager, said: “This transaction represents a further step in Greencoat Renewables’ strategy to increase our position in the French renewable energy market, which provides an opportunity to secure contracted renewable energy assets. long-term. France will now represent 12% of the Greencoat Renewables portfolio.
“We look forward to continuing to work with Axpo, a large owner of renewable assets in Europe.”
Since the acquisition of Volkswind in 2015, Axpo has been active in the planning, project development, construction, maintenance and management of wind farms in France and Germany. As one of Europe’s leading wind energy companies, Axpo’s business strategy combines retaining a large portfolio of wind farms with selling others to investors.
Greenpeace activists in Venice staged a protest this weekend to highlight the catastrophic effects greenwashing could have on the lagoon city.
Protesting on wooden rowboats, protesters warned that the city would soon be overwhelmed if the fossil fuel industry continued what the activist group calls its greenwashing agenda.
Greenpeace protest against traditional Venetian boats
On Sunday, Greenpeace activists staged Venice’s “last visit” in a tongue-in-cheek protest against the greenwashing of the fossil fuel industry.
Sailing on traditional boats past some of Venice’s famous landmarks, including St. Mark’s Square and the Bridge of Sighs, protesters warned against misleading advertising by fossil fuel companies.
Protesters carried banners with the logos of major European oil and gas companies which they said had “sponsored” the last visit to the city.
Energy companies and greenwashing
Greenpeace is currently calling for a new law banning fossil fuel advertising and sponsorship in the European Union. They warn that ads depicting energy companies as environmentally friendly promote false solutions and delay climate action.
Federico Spadini, a climate activist with Greenpeace, said companies use advertising to “clean up their image, just like tobacco companies have done in the past”.
Last year, a Greenpeace investigation reviewed thousands of social media advertisements by energy companies Shell, Total Energies, Preem, Eni and Repsol.
The researchers found that nearly two-thirds of oil company advertisements could be categorized as greenwashing. They say the messages misled consumers by representing false solutions to the climate crisis.
How could greenwashing have brought down Venice?
Greenpeace activists took to the water to warn that Venice flooding problems would be exacerbated if no action was taken against greenwashing. The historic center, which is a UNESCO World Heritage Site, is extremely vulnerable to flooding due to climate change and sea level rise.
A study by the Intergovernmental Panel on Climate Change in 2021 predicted a possible sea level rise of 63cm to 101cm in the most drastic case. This would require raising the mobile flood barriers in the lagoon so many times that it would seriously harm the ecosystem and economy of the port.
As Spadini said, “If we don’t embrace a green energy transition, the last tourist trip to Venice could soon become a tragic reality.”
On Monday morning, Vistara Corp announced that its battery energy storage facility was officially online. It has the ability to instantly release energy to the power grid.
As the long, hot summer months draw nearer, the conversation about energy reliability and the power grid continues to be at the forefront of many Texans’ minds. There is a new battery energy storage facility in North Texas that is being touted as part of the solution to help minimize electricity disruptions when demand increases.
Located at the DeCordova Energy Storage Facility in Granbury, the 3,000 individual battery modules stored in 86 containers can hold 260 megawatts, which can power approximately 130,000 Texas residences under normal grid conditions.
The lithium-ion system stores excess electricity from the grid and can also release energy when demand is high.
“With these batteries, they recharge most of the time at night when we’re not using as much power and all these wind farms are blowing across the state of Texas. They recharge with energy when it’s most available. , and then they’re going to put that electricity back into the grid when our customers really need it,” said Claudia Morrow, senior vice president of development at Vistra Corps.
She said they can take about an hour to load and unload. Unlike a regular power plant which has the power ramp up and stays at a certain level, it’s not the same for batteries, which can be used as the “flip of a switch” so to speak.
What makes the Granbury site unique is the fact that it is considered a hybrid. Opposite the battery containers are four combustion turbines fueled by natural gas and backed up by diesel fuel in the event of a natural gas supply problem.
“I think the biggest benefit is renewables, that’s where people are interested in seeing the power grid go, but with renewables, with wind and sun, you don’t always have it in whatever amount you like, it can store it when it’s in excess and offload it,” said Jim Burke, President and CFO of Vistra. “And if the wind and sun haven’t returned yet, we can light the combustion turbine that runs on natural gas and ensure that consumers have the electricity they need when they need it.”
“It’s important because we have a very powerful build-up of renewable energy in Texas, which is wonderful, but it’s intermittent that the intermittence is buffered by batteries that can turn on in a second if the light from the if the sun is not available or if the wind is not blowing so that our grid stability is improved because we have thermos batteries, we have become renewable and everything works, “said the state senator Nathan Johnson (D-Dallas), who attended the grand opening of the new facility.
He believes this hybrid model is one of the solutions needed for the state as more people move to Texas and demand for energy increases.
Johnson believes there needs to be a technology-agnostic incentive to encourage this kind of innovation when it comes to alternative energy sources.
“If we encourage dispatchable generation, we could let the market determine whether it should be built with batteries, or hydrogen storage or whatever form we can use that is environmentally and economically sustainable,” Johnson said. “It’s being able to work with the markets to deliver the outcome we want, that’s what we do as decision makers.”
The Granbury site was built in less than a year and had its first real experience last week when ERCOT asked people to conserve energy due to unusually hot weather in May and several power stations are disconnected.
“It worked well that we were able to test and it worked exactly as expected,” Morrow said of the batteries.
The company said this is the second of 7 zero-energy carbon projects the company is bringing to Texas, part of a billion-dollar investment.
“As our fleet and power grids across the country transition to cleaner generation, we have not lost sight of our critical role in providing reliable and affordable electricity. DeCordova’s battery storage technology achieves these goals: providing instant-start, dispatchable generation to help balance the intermittency of renewables as the power grid transitions to low-carbon resources,” said Curt Morgan, CEO of Vistra. there is no doubt that a project of this size and such an ambitious overall investment reinforces Vistra’s position as the market leader in investing, owning and operating emission-free power generation in Texas. and beyond, while balancing affordability and reliability.”
Vistra Corp, containers and inverters for the project were supplied by Sungrow and Mortenson provided engineering and construction expertise.
A 38% price increase is looming for residential PPL customers; here’s how to avoid a full raise | Local News
Citing a spike in natural gas prices, as well as economy-wide inflation, Lancaster County’s main utility forecast a 38% hike in residential rates June 1.
PPL Electric Utilities will increase its residential rate to 12.366 cents per kilowatt-hour from 8.941 cents per kWh, a jump that will leave prices at their highest level in more than a decade, according to LNP | LancasterOnline files. For a residential customer using an average of 1,000 kWh electricity per month, this increase will add $34 to their bill. And due to a previous double-digit increase in December, that same customer will pay $48 more per month for electricity this summer than last summer.
Here’s how to avoid the full increase:
Sign up for the Standard Offer Program
An option consumers might want to explore immediately is the volunteering of their usefulness Standard Offer Program– which is an alternative for PPL customers who have not yet changed their electricity supplier by pparticipate in the competitive electricity market. The standard offer offers these customers the possibility of receiving the service of a competing supplier at a price fixed price this is 7% below the current price of the utility to be compared. The price of the Standard Offer is fixed for one year and can be canceled by the customer at any time without early termination or cancellation fees. There may not be participating providers in all regions.
After exploring the standard offering, consumers may want to lock in a discount with their current utility price to compare – which could represent future savings with the price to compare increases on June 1. Residential and small commercial customers can get more information and sign up for the standard offer program in cPPL contacting.
buy one vendor
Consumers and small businesses can also use the Ppublic ennsylvania youutility VSomissionit is PAPowerSwitch energy buying website to explore and compare other offers from competing energy providers, who may provide ssavings compared to their PPLthe default service rate of . The website offers consumers and small businesses information on how to purchase electricity supply services– allowing consumers to quickly compare offers from competing providers with their local utility’s default service rate and learn more about switching to a competing provider or returning to the default service, if they so choose wish.
Advice on buying from a supplier
It is important that every utility customer understands what they are paying for the supply of electricity, either through a default service from their electric utility or through a contract with a generation supplier. competitor energy. Key questions to ask include:
How do the rates of competing providers compare to the price of the utility being compared?
Is the supplier contract at a fixed rate or at a variable rate – and if the rate is variable, what are the conditions for changing the price of electricity?
Does the contract provide for additional fees, such as membership fees or early termination of the contract?
When will the contract expire – and what options do consumers have as the contract end date approaches?
To aim andefficiency and conservation
PPL’s On Track program can reduce monthly costs and cancel some personal debts and families based on income.
A one-person household may qualify if they earn less than $20,385. Add $7,080 for each additional person per household to determine if a multi-person household may qualify.
The program also offers referrals to other services that can help.
Biorefinery Products Market 2022: Potential Growth and Attractive Valuation Make It a Long-Term Investment | Know the impact of COVID19
Biorefinery Products Market Report Coverage: Key Growth Drivers and Challenges, Regional Segmentation and Outlook, Key Industry Trends and Opportunities, Competitive Analysis, COVID-19[feminine] Impact analysis and projected recovery, and market sizing and forecasting.
Latest research launched on Global Biorefinery Products Market, it provides a detailed analysis with presentable graphs, charts and tables. This report covers an in-depth study of the Biorefinery Products Market size, growth and share, trends, consumption, segments, application and forecast 2028. Through qualitative and quantitative analysis , we help you to carry out an in-depth and comprehensive research on the Global Biorefinery Products Market. . This report has been prepared by experienced and knowledgeable market analysts and researchers. Each section of the research study is specially prepared to explore key aspects of the global Biorefinery Products market. Buyers of the report will have access to accurate information PESTLE, SWOT and other types of analysis on the global Biorefinery Product market. In addition, it offers very precise estimates on the CAGR, market share and market size of key regions and countries.
Major Key Players profiled in the report include: Neste Oil, Dynoil Llc, Brazil Eco Energia, Dominion Energy Services Llc, SE Energy, Menlo Energy Llc, BASF, Dow Chemical, Sinopec, Sabic, Exxonmobil, Imperium Renewables, Louis Dreyfus, Canadian Green Fuels, Archer Daniels Midland, Green Plains Renewable Energy, Poet, Valero Energy Corp. and more…
Download a free sample PDF including COVID-19[FEMININE Analyse d’impact, table des matières complète, tableaux et [email protected]
Don’t miss the business opportunities in the Biorefinery Products Market. Talk to our analyst and get key industry insights that will help your business grow when you create sample PDF reports.
The report categorized the global biorefinery products market into segments comprising product type and application. Each segment is assessed based on its share and growth rate. Additionally, analysts have studied potential regions that could prove rewarding for manufacturers of biorefinery products in the coming years. The regional analysis includes reliable predictions about value and volume, helping market players to gain in-depth insights about the overall Biorefinery Products industry.
Market is split by Type, can be split into:
The market is split by Application, can be split into:
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The report authors have analyzed the developing and developed regions considered for research and analysis of the global Biorefinery Products market. The regional analysis section of the report provides an in-depth study of different regional and country-level Biorefinery Products industries to help players plan effective expansion strategies.
Regions Covered in Global Biorefinery Products Market:
• The Middle East and Africa (GCC countries and Egypt)
• North America (United States, Mexico and Canada)
• South America (Brazil, etc)
• Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
• Asia Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
Years Considered to Estimate Market Size:
Historical year: 2015-2019
Year of reference : 2019
Estimated year: 2022
Forecast year: 2022-2028
Detailed TOC of Biorefinery Products Market Report 2022-2028:
Chapter 1: Biorefinery Products Market Overview
Chapter 2: Economic impact on the industry
chapter 3: Market Competition by Manufacturers
Chapter 4: Production, revenue (value) by region
Chapter 5: Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Production, revenue (value), price trend by type
Chapter 7: Market analysis by application
Chapter 8: Analysis of manufacturing costs
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Analysis of market effect factors
Chapter 12: Biorefinery Products Market Forecast
To learn more about the report, visit @ https://www.marketinforeports.com/Market-Reports/484165/biorefinery-product-market
What market dynamics does this report cover?
The report shares key information on:
- Current market size
- Market forecasts
- Market opportunities
- Main Drivers and Constraints
- Regulatory scenario
- Industry trend
- New product approvals/launch
- Promotion and marketing initiatives
- Price analysis
- Competitive landscape
It helps companies make strategic decisions.
Does this report offer customization?
Personalization helps organizations better understand specific market segments and areas of interest. So, Market Information Reports provides customized reporting information based on business needs for mission-critical calls.
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Black & Veatch was recently selected by Mitsubishi Power Americas and Magnum Development, as the EPC supplier for the largest industrial green hydrogen production and storage facility in the United States, which will convert over 220 MW of renewable energy per day into 100 metric tons of green hydrogen and will gradually expand to 100% hydrogen use by 2045. Edited excerpts:
What is your take on India’s nascent green hydrogen market? What role can green hydrogen play in India’s energy transition goals?
We enthusiastically support India’s goal of producing 5 million tonnes of green hydrogen per year by 2030.
India imports the majority of its energy sources, including gas and oil, and subsidizes them heavily for domestic use. Household hydrogen will help provide the much-needed independence and diversity of India’s energy resources and support the decarbonisation of the electricity and mobility sectors. This is particularly encouraging as the development of solar and wind power will support the renewable energy needs for green hydrogen production in India.
It is also possible that hydrogen will contribute to India’s energy storage needs as the country increases its renewable energy production, which remains prone to variability issues. Hydrogen energy storage systems can both complement and serve as a reliable alternative to batteries to meet variable renewable energy production. Hydrogen goes beyond the physical limits of current mineral-based battery technologies to provide essentially infinite duration storage.
Power generation using green hydrogen is expected to take longer to establish in India. Nuclear power is expected to be the transition step as India moves down the carbon emissions ladder.
What will be the place of India on the world market in the years to come?
India is well positioned to become a world leader in green hydrogen production in the years to come. We expect India to become a net exporter of green hydrogen and/or green ammonia, as well as an exporter of electrolysers in the global supply chain. Over the next five years, several gigawatts of electrolyser manufacturing capacity are expected to be operational in India, and this capacity will contribute to the global supply chain.
What green hydrogen capacity and investments should India target to help it achieve its transition goals? Can you share with us approximate numbers and timelines?
Electrolyser technology has been available for many years, but new technologies are still maturing and their interactions with renewables are still being studied. It will therefore be difficult to predict at this stage how much green hydrogen capacity and investment India will need to target to achieve its transition goals.
Moreover, the dynamics of the Indian scenario are highly dependent on its energy imports and price fluctuations.
That said, one approach that could help determine a potential need for investment is to look at different national goals. For example, it is expected that India’s mobility sector will gradually split into electric vehicles and fuel cell electric vehicles, both for different sections of mobility, light-duty motor vehicles and electric vehicles. heavy transport. Extrapolating the current penetration rate of electric vehicles to a hydrogen-based mobility sector 10 years from now can help determine an estimated investment target.
What is the estimated value of the Indian green hydrogen market at present and how much is it expected to increase over the next decade?
Industry experts value the current green hydrogen market in India at $25 million based on a 5% market penetration in the automotive sector, which is expected to grow exponentially over the next 10 years. Other sectors such as the steel, energy and oil industries are expected to make progress towards green hydrogen, but the pace of development will likely be boosted by technological advancements in their core processes.
With the arrival of big players on the market, do you think this will have an impact on the costs of producing green hydrogen? What more needs to be done for this?
The cost of producing green hydrogen will mainly depend on the cost of renewable energy, water and electrolysers. Domestic manufacturing of solar panels and electrolysers will help reduce capital expenditure on green hydrogen plants as well as the cost of renewable energy.
Since current electrolyser technologies consume high levels of energy, further development of electrolyser technologies will be a main driver to reduce the cost of producing green hydrogen. Industry players addressing these issues will likely have an impact on green hydrogen production costs.
Another step India could take is to harness the benefits of digitalization. The integration of operational technology and information technology is an approach to improve the reliability, efficiency and resilience of the Indian process industry. The fusion of data analytics with engineering expertise can help deliver timely and actionable insights that maximize the full potential of industry assets and facilities, and help the industry transition efficiently to low-cost operations. low carbon.
he boss of the UK’s biggest energy supplier has warned that 40% of his customers could end up in fuel poverty due to soaring costs.
Michael Lewis, chief executive of E.ON UK, called on the government to “tax those with the broadest shoulders” to help those struggling with rising energy bills.
Speaking on BBC One’s Sunday morning show, he said: “We are seeing a significant number of people in fuel poverty, meaning over 10% of their disposable income being spent on energy, and that figure has risen to around 20%, and in October our model suggests it could be as high as 40% if the government does not intervene in some way.”
Mr Lewis said around one million of the eight million accounts with E.ON in the UK already had some sort of arrears, which were expected to rise by 50% in October.
Asked whether there should be an exceptional tax to fight the energy crisis, he replied: “For us, the most important thing is that the government intervenes, it is up to the government to decide how it finances this.
“All I would say is it’s important that when they tax to meet this challenge, they tax those with the broadest shoulders.”
He said an increase in Universal Credit would “absolutely” help those “at the lower end of the income bracket who are most affected by this”.
Ministers did not rule out imposing a one-off tax on energy companies, although the issue would have divided Cabinet.
Education Secretary Nadhim Zahawi said on Sunday ministers were considering ‘all options’ to tackle the cost of living crisis, including a one-off levy on businesses that have benefited from high global gas prices and petroleum.
Meanwhile, the Labor Party renewed calls for a windfall tax on North Sea oil and gas producers as Shadow Chancellor Rachel Reeves said Mr Lewis’ comments “underline how much the cost of living crisis is difficult for families”.
She added: ‘The government must act now, introducing a windfall tax on the profits of oil and gas producers to reduce bills.’
But Mr Hunt said the split “represents decisive action towards decarbonisation”.
This would allow coal-focused Accel Energy and retailer AGL Australia to “responsibly accelerate the decarbonisation of Australia’s energy system, faster than could have been achieved as a single company.”
“AGL shares the ambition for decisive climate action, while ensuring affordable energy, and looks forward to working with the Albanian government to achieve this,” Mr. Hunt said.
“AGL Energy is committed to our clear plan for separation which is the best path for the company, for shareholders and for Australia’s orderly and responsible energy transition – backed by Grant Samuel’s independent expert report “.
Mr Cannon-Brookes, who owns his stake in AGL through his company Grok Ventures, wants the country’s biggest power producer to shut down all of its coal-fired power plants by 2035, representing a shortening of the lifespan of the giant Loy Yang A brown coal generator in Victoria up to 10 years.
He says an accelerated coal phase-out is needed to align with the climate goals of the Paris Agreement and help limit global warming to 1.5 degrees.
AGL argues that a faster exit from coal is not possible without jeopardizing the security of Australia’s electricity supply and driving up electricity prices.
Mr Hunt on Friday described Grok’s alternative proposal for an integrated AGL as “thought bubble” and “irresponsible”.
It was an election won and lost on the climate.
— Mike Cannon Brookes
Mr. Cannon-Brookes has already warned this month that AGL Energy’s near total disregard for the need to decarbonize in its spinoff documentation will persuade many institutional shareholders to vote against the split.
Pensions giant HESTA, which owns 0.36% of AGL, has already said it could vote against the split unless it achieves an emissions cut in line with the Paris Agreement and a fair transition for the workers concerned.
Mr Cannon-Brookes then referred to AGL’s annual general meeting last year when more than 52.5% of proxy votes backed a resolution from an activist group calling on the company to set targets aligned with Paris, and again referenced that vote on Sunday after the Labor Party victory.
“It was a win-and-lose election on climate,” he said.
“Australians want action and are demanding a tougher stance – just like AGL shareholders who voted for a future aligned with the Paris Agreement last year.”
Labor has a much stronger 2030 emissions reduction target of 43% by 2030, compared to the Coalition’s long-standing 26-28% reduction target, and looks set to take the pressure independents backed by Climate 200 who won seats on Saturday to be more ambitious on the climate.
Mr. Hunt said decarbonization at AGL “must be done in a way that protects and enhances the stability, affordability and reliability of the system for customers and shareholder value, and ensures a just transition for our employees and our communities”.
“AGL Australia and Accel Energy have made strong climate commitments that include net zero target dates and the development of new renewable and flexible generation capacity,” he said, highlighting AGL’s agreement. this month with Global Infrastructure to invest up to $2 billion in new renewable energy. energy projects.
Mr Hunt said the country’s energy transition should be seen in the context of how Australia and the energy system as a whole goes to net zero, and from there what each company’s contributions should be individual.
“We have advanced our coal shutdown dates and are committed to reviewing and reporting on system readiness each year to see if we can bring them forward,” he said.
But Mr Cannon-Brookes said the split would mean AGL would be “left behind” by the energy transition, missing out on huge opportunities.
Most of AGL’s institutional shareholders have yet to declare how they will vote on June 15, and proxy advisors have yet to make their recommendations to clients.
Energy crisis: power cuts expected this summer in the United States due to extreme temperatures and drought
The North American Electric Reliability Corporation (NERC), a regulatory authority that oversees the health of the country’s power infrastructure has released a sobering report on the state of the American electricity network before the summer. Ongoing drought in parts of the country and heat waves “may require system operators to use emergency procedures, up to and including temporary manual load shedding”, better known as rolling breakdowns.
NERC’s Summer 2022 Reliability Assessment indicated that large swaths of the country are at high risk, with the Upper Midwest and South Central at high risk. Speaking to CBS MoneyWatch, John Moura, NERC’s director of reliability assessment and performance analysis, said, “This is probably one of the darkest pictures we’ve painted in a while. moment.”
Which parts of the United States could face blackouts?
The most severely affected areas will be in the Upper Midwest and South Central along the Mississippi River. The latter is the result of damage to a section of a transmission line it has not yet been fixed who carries power in parts of Arkansas, Louisiana and Mississippi. However, restoration work is should be completed by the end of June 2022.
The possibility of power outages in the Midwest, including large parts of Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, North Dakota and Wisconsin, is due to a reduction of more than 2% in production capacity compared to summer 2021. However, Midwesterners need not panic. Last year’s report warned that nearly 40% of the US population was at risk of power outages, but most of the grid was unaffected, as reported by Bloomberg.
Almost all of the western United States at high risk for blackouts
The ongoing drought in the western United States will reduce the power generation capacity of hydroelectric dams and power generators. Drought conservation measures have been implemented in the Missouri River reservoir system due to declining water levels. This could affect the production of hydroelectric generators and impact the operations of gas, coal or nuclear power plants that draw water from the river to cool it.
A similar situation will occur in the western United States where a lower than normal snowpack means less water fill reservoirs used by hydroelectric generators. The dry conditions will also create a higher risk of wildfires, especially in late summer. Smoke from wildfires could have the effect of wiping out the sunlight used by solar panels.
Worries about capacity shortfalls in Texas ease for normal peak demand
Texas is considered to be at high risk for blackouts this summer but with the addition of wind and solar generation capacity, the anticipated reserve margins have been increased allay fears of shortages during normal peaks. But the state could be prone to widespread heat spells that could be prolonged due to the ongoing drought. A cascade of problems as a combination of power plants offline, low wind and extreme demand peak could force grid operators to impose continuous outages.
Officials overseeing the grid, however, are optimistic. Speaking to the press, they said they were confident that electricity supply would be reliable despite forecasts of record demand this summer. They cited reforms made after severe winter storms in February 2021 that claimed more than 200 lives as people struggle to heat their homes.
The weekend before officials touted the reliability of the power supply, ERCOT, the state’s main power grid operator, called on Texans to restrict the use of air conditioning and appliances after six electrical installations “tripped”.
PHX Energy Services Corp. (TSE: PHX- Get a rating) Senior officer Michael Leslie Buker purchased 5,000 shares in a trade dated Thursday, May 19. The shares were acquired at an average price of CA$6.13 per share, for a total transaction of CA$30,650.00. Following the completion of the purchase, the insider now directly owns 313,700 shares of the company, valued at C$1,922,981.
Michael Leslie Buker also recently made the following trade(s):
- On Wednesday, May 11, Michael Leslie Buker acquired 5,000 shares of PHX Energy Services. The stock was purchased at an average price of CA$6.17 per share, for a total transaction of CA$30,850.00.
- On Monday, May 9, Michael Leslie Buker purchased 5,000 shares of PHX Energy Services. The shares were acquired at an average cost of CA$6.15 per share, for a total transaction of CA$30,750.00.
- On Friday, March 25, Michael Leslie Buker sold 40,200 shares of PHX Energy Services. The stock was sold at an average price of CA$6.20, for a total transaction of CA$249,123.42.
- On Wednesday, March 23, Michael Leslie Buker sold 60,000 shares of PHX Energy Services. The shares were sold at an average price of CA$6.10, for a total value of CA$366,000.00.
PHX traded at CA$0.08 midday Friday, hitting CA$6.04. The stock recorded trading volume of 17,952 shares, compared to an average trading volume of 105,418 shares. PHX Energy Services Corp. has a 1-year low of C$3.66 and a 1-year high of C$7.50. The company has a debt ratio of 26.68, a quick ratio of 1.18 and a current ratio of 1.64. The company has a fifty-day moving average of C$6.54 and a 200-day moving average of C$5.52. The company has a market capitalization of C$305.27 million and a P/E ratio of 13.73.
PHX Energy Services (TSE: PHX – Get a rating) last reported results on Wednesday, February 23. The company reported EPS of C$0.17 for the quarter, beating the consensus estimate of C$0.13 by C$0.04. The company reported revenue of C$105.43 million for the quarter, compared to the consensus estimate of C$99.00 million. On average, equity research analysts expect PHX Energy Services Corp. will show earnings per share of 0.86 for the current year.
A number of equity research analysts have recently released reports on the stock. Stifel Nicolaus lowered his price target on PHX Energy Services shares from C$9.75 to C$9.50 in a Thursday, May 5 report. BMO Capital Markets raised its price target on PHX Energy Services from C$9.00 to C$9.50 in a Thursday, May 5 research note.
About PHX Energy Services (Get a rating)
PHX Energy Services Corp. provides horizontal and directional drilling technologies and services to oil and natural gas exploration and development and production companies in Canada, the United States, Russia, Albania and the Middle East. It offers Velocity Real-Time System, a breakthrough technology that offers downhole guidance systems; Atlas Motors, a high performance drill motor; PowerDrive Orbit RSS, a rotating steerable system; P-360 Positive Pulse MWD System, a measurement-while-drilling (MWD) tool; and the E-360 EM MWD System, an MWD tool that transmits electrical signals through geological formations.
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Should you invest $1,000 in PHX Energy Services right now?
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StockNews.com began to cover the shares of CorEnergy Infrastructure Trust (NYSE: CORR – Get a rating) in a note released Saturday to investors. The brokerage has set a “holding” rating on the asset manager’s stock.
Shares of NYSE: CORR opened at $2.57 on Friday. CorEnergy Infrastructure Trust has a 1-year minimum of $2.12 and a 1-year maximum of $7.75. The company has a market capitalization of $38.45 million, a PE ratio of -5.84 and a beta of 0.82. The company has a debt ratio of 1.58, a current ratio of 2.99 and a quick ratio of 2.69. The stock’s 50-day moving average is $2.78 and its 200-day moving average is $3.42.
A number of large investors have recently changed their positions in CORR. GSA Capital Partners LLP increased its stake in CorEnergy Infrastructure Trust by 637.6% during the third quarter. GSA Capital Partners LLP now owns 79,287 shares of the asset manager valued at $351,000 after purchasing an additional 68,538 shares during the period. Virtu Financial LLC purchased a new stock position in CorEnergy Infrastructure Trust during Q4 for a value of approximately $108,000. BlackRock Inc. increased its holdings of CorEnergy Infrastructure Trust shares by 11.2% during the third quarter. BlackRock Inc. now owns 323,427 shares of the asset manager worth $1,432,000 after acquiring an additional 32,565 shares during the period. Geode Capital Management LLC increased its holdings of CorEnergy Infrastructure Trust shares by 8.3% during the third quarter. Geode Capital Management LLC now owns 138,006 shares of the asset manager worth $611,000 after acquiring an additional 10,601 shares during the period. Finally, Marshall Wace LLP bought a new stock position in CorEnergy Infrastructure Trust during Q1 worth approximately $326,000. Institutional investors hold 16.98% of the company’s shares.
Company Profile (Get a rating)
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA), is a real estate investment trust (REIT) that owns critical energy assets, such as pipelines, storage terminals, and transmission and distribution assets. We receive long-term contractual revenue from customers and operators of our assets, including triple net equity leases and long-term customer contracts.
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He still holds positions on the board of Nord Stream 2 – which built the controversial and now abandoned gas pipeline between Russia and Germany – as well as its parent company.
German chancellor from 1998 to 2005, Schröder is a longtime ally of Russian President Vladimir Putin and a member of Chancellor Olaf Scholz’s ruling Social Democrats. The 78-year-old politician has been instrumental in deepening Germany’s energy dependence on Moscow – a relationship Berlin is now scrambling to unravel. And Schröder became a growing embarrassment to his party and much of the country as Russia waged its new offensive in Ukraine.
In February, as Moscow gathered its troops at the country’s border, he sparked outrage by criticizing Ukraine for its “saber rattles”. Since the start of the war, he has refrained from distancing himself from the Kremlin.
Former chancellor and friend of Putin at the heart of Germany’s fight against Russia
His decision to resign from Rosneft came a day after the European Parliament approved a non-binding resolution urging the European Union to extend sanctions to “European board members of major Russian companies and politicians who continue to receive Russian money”.
German lawmakers also approved a move that stripped him of the taxpayer-funded office and staff granted to him as a former chancellor. The changes, proposed by ruling coalition lawmakers, did not explicitly name Schröder but tied those expenses to official duties, making his office redundant. He is still entitled to his security service and his pension, which, according to the German press, amounts to more than 100,000 dollars a year.
Schröder is having the decision reviewed legally, according to Der Spiegel magazine. The former chancellor’s office did not immediately respond to a request for comment.
Scholz described the decision to stop funding Schröder’s office as “logical”, but said sanctions against his predecessor were unnecessary. Scholz had called on him to resign from his positions on the board of directors.
Markus Ferber, one of the lawmakers who drafted the European Parliament resolution, told Reuters that holding a senior position in a large state-controlled company means Schröder is “de facto cooperating closely with Russia”.
The resolution also called on former Austrian foreign minister Karin Kneissl to resign from Rosneft’s supervisory board.
The intervention was also intended to dissuade Schröder from taking a position on the board of Gazprom, another key Russian energy company, according to Ferber. Gazprom announced in February that Schröder had been appointed to its board, with a decision expected at its annual shareholders’ meeting on June 30.
It was just the latest announcement in a decades-long relationship with Russian energy, sparked when Schröder used his final days in power in 2005 to cement Germany’s gas ties with Moscow. Then – facing an election he seemed certain to lose – he left the campaign trail to sign a letter of intent with Putin to build Nord Stream 1, the first Baltic gas pipeline between Germany and Russia. He became head of Nord Stream’s board of directors three weeks after leaving office.
Schröder also played a key role in facilitating the Nord Stream 2 deal, a gas pipeline that cost $11 billion and directly connects Russian fields to Germany. The idea of growing dependence on Russian energy was controversial in Europe, and the project was a sore point between Berlin and Washington until Scholz halted certification two days before the war in Ukraine began.
Public outrage directed at the former chancellor has only grown since the invasion of Russia.
In a recent interview with The New York Times, Schröder called Putin’s war a mistake, but refrained from condemning Russia’s killing of civilians in Bucha, Ukraine. The incident “must be investigated,” he said.
He refused to disavow his friendship with Putin and said he did not believe the bloodshed in Bucha was ordered by the Russian leader.
Cheng reported from Seoul. Mary Ilyushina from Riga, Latvia contributed to this report.
Optimizing work heart rate to achieve specific fitness goals can ultimately lead to better overall health by lowering resting heart rate.
A low resting heart rate (rhr) is a sign of good health; the average resting heart rate of a healthy adult is between 60 and 100 beats per minute.
A pulsating heartbeat during exercise, on the other hand, is a clear indication that your efforts are being rewarded. The number of beats per minute (bpm) indicates the intensity of work; the higher it rises, the harder it can be assumed that the physical efforts are. Our working heart rate (whr) determines if the body is optimized to achieve specific fitness goals.
There are several other benefits of an increased heart rate during a workout. Muscles become more efficient when stimulated by increased blood oxygen levels during workouts; it also has a positive impact on mental clarity.
Getting the heart pumping is the assurance that a workout is working for those trying to lose weight or reach an endurance goal. “Heart rate responses to exercise accurately measure the intensity at which a person is exercising,” says Cameron Falloon, former personal trainer to the late Princess Diana, and founder and co-CEO of the global fitness franchise. fitness Body Fit Training, specializing in personalized science. accompanied fitness programs.
So what is the relationship between working and resting heart rates, and how does an increase in one cause the other to decrease?
Resting heart rate and mortality
Simply put, each beat of the heart pumps blood throughout our system. When the heart pumps more blood per beat, it has to beat fewer times.
Raising our heart rate at work is said to help train the heart to do just that, and cardio exercise is a good way to get the heart pumping.
Over time, training the heart to work harder will cause resting heart rate to decrease, which studies have shown to be a positive indicator of good health.
A 2013 study published in the medical journal Heart confirms the benefits of a lower resting heart rate. The research followed over 2,000 men over the age of 16 in Copenhagen and found that “subjects with higher fitness levels were more likely to have lower resting heart rates” and that “a high resting heart rate was a significant predictor of mortality”. Those with a resting heart rate of 90 bpm or more have three times the death rate of someone with a resting heart rate of 50 bpm or less.
“A decrease in resting heart rate is a positive indicator of biological health,” says Falloon.
Heart rate training, where one exercises to achieve an optimal heart rate based on one’s health goals, is one way to reduce resting heart rate and improve overall health.
Working heart rate is when a certain percentage of its maximum heart rate (mhr), the highest number of beats the heart pumps under stress, is reached. The optimal percentage largely depends on fitness goals. For example, a whr of 60-69% of its mhr will put the body into fat burning mode.
#What is the best way to determine your working heart rate?
#How can heart rate monitoring help optimize fitness goals?
#What is the optimal working heart rate for weight loss versus endurance?
#Can we assess the effectiveness of strength training and strength training by measuring our heart rate at work?
#How does heart rate training improve overall health?
Work heart rate and fitness goals
Maintaining a whr between 117 and 134 bpm puts the body into fat burning mode; scientists have identified different working heart rates for different fitness outcomes.
Applying this principle and using tools that accurately measure heart rate can help improve the effectiveness of a workout and optimize results. Ultimately, it improves heart health and lowers resting heart rate.
Here, Falloon shares an overview of the benefits of heart rate training and the best heart rate monitoring methods to optimize fitness goals.
Optimal working heart rates are determined by a percentage of the person’s maximum heart rate. Many equations, usually based on age, are used to determine maximum heart rate. Some more precise equations include variables based on gender as well as age. However, these are all good ways to predict maximum heart rate. The most accurate way to determine maximum heart rate is to perform a cardiovascular stress test in a lab.
Heart rate responses to exercise can accurately measure a person’s training intensity. Targeted training towards specific fitness goals is carefully programmed, taking into account specific factors such as energy systems. Energy systems can be targeted differently through specific training variables such as duration and intensity. Therefore, heart rate monitoring is a great way to ensure that you are performing a workout/set/exercise at an intensity specific to your goals.
Heart rate monitors accurately measure aerobic training. Fat burning and endurance training fall into this category and are optimally trained between 60-69% of maximum heart rate and 80-89% of maximum heart rate, respectively.
Muscle building and strength training target our anaerobic energy systems and are not accurately measured by heart rate monitors. A periodized training program incorporating hypertrophy and resistance training protocols will allow you to increase your muscle mass and develop your strength. Tracking strength gains is a more accurate measure of muscle building and strength training.
There can be many health benefits, including:
– Increase in muscle mass
– Decrease in fat mass
– Increased metabolic rate
– Improvements in biological markers (cholesterol, blood pressure, HRV, blood sugar)
– Greater mobility
– Reduced risk of injury
– Improved mental and psychological health
Also see: The Benefits and Dangers of Icing Injuries for Recovery and Pain Management
The City of Bellevue recently took the bold step of creating a program to encourage building owners, landlords and building managers to participate in the state financial incentive program to make large buildings more energy efficient.
It’s working, as several building owners, property managers, and landlords have come forward to seek the use of $75 million in state financial incentives to create a more energy-efficient working and living environment in the part of an effort to transition our state to a greener and cleaner future. .
It’s all part of Washington’s effort to take the national lead in reducing our carbon footprint by mandating a maximum amount of energy that can be consumed in a year based on size, use and location. of a commercial building. In an effort to reduce greenhouse gas emissions by reducing a building’s energy consumption, lawmakers in 2019 allocated funds to incentivize building owners to retrofit their buildings to meet the standards.
We encourage other municipalities to follow Bellevue’s example and implement programs to reach building owners in their cities. Public and private services should also intensify. They have direct access to commercial bill payers, all of whom pay a rate on their utility bills to cover energy conservation and efficiency projects. Our dozens of utilities as well as investor-owned utilities such as Puget Sound Energy and Avista are all important players in spreading the word.
State rules require buildings to meet numerical energy efficiency goals starting in 2026 and initially only apply to buildings over 50,000 square feet. But state lawmakers this year expanded the program to include buildings up to 20,000 square feet and multi-family apartment buildings starting at 50,000 square feet. The expansion created a Tier 2 covered building category.
Depending on building size and usage, in June 2026 owners of buildings 220,000 square feet and larger will have to comply or face fines of $5,000 plus $1 per square foot per year. Buildings between 90,000 and 220,000 square feet have until June 1, 2027 to comply, and buildings between 50,000 and 90,000 square feet must comply by June 1, 2028. Recently covered Tier 2 buildings expansions must submit reports documenting their energy consumption analysis, energy management plan, and operations and maintenance program by July 2027 to be eligible for an additional $75 million incentive pool. dollars. Agriculture and certain manufacturing buildings are exempt. Although some buildings will not have to comply for several years, now is the time to apply for a portion of the state’s $150 million in financial incentives.
Funds will be allocated on a first-come, first-served basis. Owners of Tier 1 buildings, including multi-family buildings over 50,000 square feet, could be eligible to receive incentives of up to $0.85 per square foot to help offset renovation costs. Owners of qualifying Tier 2 buildings could receive $0.30 per square foot by demonstrating compliance. According to early research, more than 24,000 commercial and multi-family buildings in Washington will need to meet the new requirements.
When done right, energy efficiency improvements pay off. Upgrade costs will depend on what is needed. Fixes could include upgrading outdated technologies, such as mechanical equipment and controls, upgrading lighting to LED technology, switching to high-efficiency heat pumps, and verifying that systems work in harmony with each other.
By taking a comprehensive approach, the required energy efficiency improvements can be achieved with minimal capital contribution from the owner and without impacting rental costs. A smart energy efficiency project, when carried out under a performance contract, is like a free meal that pays you to eat it.
Building owners and landlords need to quickly determine whether they are meeting state standards because it takes time to renovate their buildings. Even though it looks like the deadlines are years away, building owners will face fines for non-compliance.
Having a clean building is a state requirement and it’s the right thing to do for the environment and for building occupants.
Select Energy Services (NYSE: WTTR – Get a rating) was downgraded by Zacks Investment Research from a “buy” to a “hold” rating in a note issued to investors on Thursday, Zacks.com reports. They currently have a price target of $9.00 on the stock. Zacks Investment ResearchThe target price of suggests a potential upside of 16.58% from the current stock price.
According to Zacks, “Select Energy Services, Inc. is a provider of water supply solutions to the US unconventional oil and gas industry. It offers drilling and completion activities associated with hydraulic fracturing as well as complementary water-related services that support oil and gas well completion and production activities, including containment, monitoring, treatment , reflux, transport and elimination. Select Energy Services, Inc. is headquartered in Gainesville, Texas. “
Separately, Piper Sandler raised its target price on shares of Select Energy Services from $8.25 to $11.00 and gave the company a “neutral” rating in a Monday, March 7 research note.
Select the Energy Services action traded down $0.08 in midday trading on Thursday, hitting $7.72. 3,466 shares of the company have been traded, compared to its average volume of 423,211. The company has a market capitalization of $882.63 million, a price-earnings ratio of -48.06 and a beta of 2, 35. The stock has a 50-day moving average of $8.35 and a two-hundred-day moving average of $7.39. Select Energy Services has a 12 month minimum of $4.88 and a 12 month maximum of $10.43.
Select Energy Services (NYSE: WTTR – Get a rating) last announced its results on Tuesday, February 22. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). Select Energy Services posted a negative net margin of 1.35% and a negative return on equity of 5.29%. The company posted revenue of $255.13 million in the quarter, compared to $230.07 million expected by analysts. As a group, sell-side analysts expect Select Energy Services to post 0.2 earnings per share for the current year.
Hedge funds and other institutional investors have recently been buying and selling shares of the company. First Trust Advisors LP increased its stake in Select Energy Services by 148.0% during the first quarter. First Trust Advisors LP now owns 335,367 shares of the company worth $4,031,000 after acquiring an additional 200,158 shares last quarter. Morgan Stanley increased its position in shares of Select Energy Services by 40.2% during the second quarter. Morgan Stanley now owns 309,811 shares of the company valued at $1,872,000 after buying an additional 88,899 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Select Energy Services by 252.6% during the third quarter. SG Americas Securities LLC now owns 48,172 shares of the company valued at $250,000 after purchasing an additional 34,509 shares in the last quarter. Barclays PLC increased its position in shares of Select Energy Services by 218.8% during the third quarter. Barclays PLC now owns 25,211 shares in the company valued at $130,000 after buying a further 17,302 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Select Energy Services by 84.0% during the third quarter. Goldman Sachs Group Inc. now owns 613,434 shares of the company valued at $3,184,000 after purchasing an additional 279,959 shares in the last quarter. Hedge funds and other institutional investors own 63.30% of the company’s shares.
About Select Energy Services (Get a rating)
Select Energy Services, Inc, an oilfield services company, provides water and chemical management solutions to the onshore oil and gas industry in the United States. The Company operates through three segments: Water Utilities, Water Infrastructure and Oilfield Chemicals. The Water Services segment provides water-related services, including water transfer, ebb and well testing, water containment, fluid transportation, water monitoring and automation water networks; technology solutions including hydrographic mapping, water volume and quality monitoring, remote monitoring of pits and reservoirs, leak detection, asset and fuel tracking and automated equipment services, as well as various on-site rental equipment and workforce accommodation services.
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