Oil

Babcock & Wilcox Awarded Installation Services Contract

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Wednesday, May 18, 2022 - 11:00pm

Babcock & Wilcox (B&W) (NYSE: BW) announced today that Babcock & Wilcox Construction Co., LLC (BWCC) has been awarded a contract for approximately $68 million to provide construction and installation services for a power plant maintenance project in North America.

Key Points: 
  • Babcock & Wilcox (B&W) (NYSE: BW) announced today that Babcock & Wilcox Construction Co., LLC (BWCC) has been awarded a contract for approximately $68 million to provide construction and installation services for a power plant maintenance project in North America.
  • BWCC is a single-source turnkey supplier of a full range of field construction, construction management and maintenance services.
  • Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide.
  • B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the awarding of a contract to provide construction and installation services for a power plant maintenance project in North America.

Bloom Energy To Host Investor Conference on May 25, 2022

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Wednesday, May 18, 2022 - 10:19pm

Bloom Energy Corporation (NYSE: BE) today announced that its management team will host an Investor Conference at our newest stack manufacturing plant in Fremont, California on May 25, 2022.

Key Points: 
  • Bloom Energy Corporation (NYSE: BE) today announced that its management team will host an Investor Conference at our newest stack manufacturing plant in Fremont, California on May 25, 2022.
  • Bloom Energy empowers businesses and communities to responsibly take charge of their energy.
  • The companys leading solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy.
  • Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future.

Xcel Energy Inc. Board Declares Dividend on Common Stock

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Wednesday, May 18, 2022 - 9:36pm

The Board of Directors of Xcel Energy Inc. (NASDAQ: XEL) today declared a quarterly dividend on its common stock of 48.75 cents per share.

Key Points: 
  • The Board of Directors of Xcel Energy Inc. (NASDAQ: XEL) today declared a quarterly dividend on its common stock of 48.75 cents per share.
  • Xcel Energy is a major U.S. electricity and natural gas company, with operations in 8 Western and Midwestern states.
  • Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.7 million electricity customers and 2.1 million natural gas customers through its regulated operating companies.
  • Statements in this press release regarding Xcel Energys business which are not historical facts are forward-looking statements that involve risks and uncertainties.

Tidewater Announces Publication of 2021 Sustainability Report

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Wednesday, May 18, 2022 - 9:57pm

Tidewater Inc. (NYSE: TDW) (Tidewater or the Company), a leading owner and operator of offshore support vessels providing offshore energy transportation services worldwide, today announced the publication of the Companys 2021 Sustainability Report.

Key Points: 
  • Tidewater Inc. (NYSE: TDW) (Tidewater or the Company), a leading owner and operator of offshore support vessels providing offshore energy transportation services worldwide, today announced the publication of the Companys 2021 Sustainability Report.
  • This report is Tidewaters second annual comprehensive and stand-alone sustainability report.
  • The report presents the environmental, social, and governance (ESG) performance of Tidewater, along with its management approach to material sustainability topics, for the 2021 calendar year.
  • The report can be downloaded from the Company website at www.tdw.com/sustainability/sustainability-report/ .

Nutrien Announces Intention to Build World’s Largest Clean Ammonia Production Facility

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Wednesday, May 18, 2022 - 10:01pm

Nutrien Ltd. (TSX and NYSE: NTR) announced today that it is evaluating Geismar, LA as the site to build the worlds largest clean ammonia facility.

Key Points: 
  • Nutrien Ltd. (TSX and NYSE: NTR) announced today that it is evaluating Geismar, LA as the site to build the worlds largest clean ammonia facility.
  • Building on the companys expertise in low-carbon ammonia production, clean ammonia will be manufactured using innovative technology to achieve at least a 90 percent reduction in CO2 emissions.
  • Nutrien is also involved with the US Department of Energy and other partners to explore flexible clean ammonia production using air, water and variable renewable electricity.
  • Nutrien is the world's largest provider of crop inputs and services, playing a critical role in helping growers increase food production in a sustainable manner.

C.H. Robinson Announces 2021 ESG Report and Significant Progress on Its ESG Goals

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Wednesday, May 18, 2022 - 8:42pm

Robinson (NASDAQ: CHRW) today issued its 2021 Environmental, Social and Governance (ESG) Report outlining significant progress on the companys ESG initiatives, including progressing against its science-aligned climate goal; advancing diversity, equity and inclusion efforts; and engaging employees, customers and industry partners on environmental and social topics.

Key Points: 
  • Robinson (NASDAQ: CHRW) today issued its 2021 Environmental, Social and Governance (ESG) Report outlining significant progress on the companys ESG initiatives, including progressing against its science-aligned climate goal; advancing diversity, equity and inclusion efforts; and engaging employees, customers and industry partners on environmental and social topics.
  • Robinson Foundation donated nearly $3 million including $475,000 in diversity, equity and inclusion grants to organizations supporting communities around the globe.
  • Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex.
  • Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers businesses.

Hess Named to 100 Best Corporate Citizens List for 15th Consecutive Year

Retrieved on: 
Wednesday, May 18, 2022 - 9:04pm

Hess Corporation (NYSE: HES) has once again been named to the 100 Best Corporate Citizens list, ranking No.

Key Points: 
  • Hess Corporation (NYSE: HES) has once again been named to the 100 Best Corporate Citizens list, ranking No.
  • 38 on the 2022 list for outstanding environmental, social and governance (ESG) transparency and performance.
  • Hess has been named to the list for 15 consecutive years and is the only energy company to earn a place on the 2022 list.
  • Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas.

Denbury and Nutrien Announce Agreement for Transportation and Storage of CO2 to be Captured from Nutrien’s Planned Clean Ammonia Project in Geismar, Louisiana

Retrieved on: 
Wednesday, May 18, 2022 - 10:00pm

Under the terms of the agreement, Nutrien would pay Denbury for the transportation and sequestration of the associated CO2 into Denburys secure underground containment sites.

Key Points: 
  • Under the terms of the agreement, Nutrien would pay Denbury for the transportation and sequestration of the associated CO2 into Denburys secure underground containment sites.
  • The initial term of the agreement is 12 years, with up to two extension terms of five years each.
  • This new agreement expands the companies longstanding efforts to reduce atmospheric emissions by capturing industrial-sourced CO2 for permanent underground storage.
  • Inclusive of the agreement between Denbury and Nutrien, the cumulative volume of Denburys CO2 transportation and storage agreements totals approximately seven million metric tons per year.

Knight Material Technologies Acquires Electro Chemical

Retrieved on: 
Wednesday, May 18, 2022 - 5:47pm

Knight Material Technologies (KMT), located in Canton, Ohio, has acquired Electro Chemical Engineering and Manufacturing Co. (EC) located in Emmaus, PA. KMT ( www.knightmaterials.com ) is a leading service provider and manufacturer in the corrosion-resistant materials industry, and EC is a leader in high-performance fluoropolymer-lined vessels.

Key Points: 
  • Knight Material Technologies (KMT), located in Canton, Ohio, has acquired Electro Chemical Engineering and Manufacturing Co. (EC) located in Emmaus, PA. KMT ( www.knightmaterials.com ) is a leading service provider and manufacturer in the corrosion-resistant materials industry, and EC is a leader in high-performance fluoropolymer-lined vessels.
  • "Electro Chemical and Knight Material Technologies have separate technology and service solutions within the same industries and even some of the same customers," said Kevin Brooks, President of KMT.
  • About Knight Material Technologies: Founded in 1910, Knight Material Technologies (KMT) designs, installs, services and manufactures custom acid-resistant linings used in highly corrosive processes for the chemical and mining industries worldwide.
  • About Electro Chemical: Since 1949, Electro Chemical (EC) has been creating innovative and leading technologies in fluoropolymer lining and coating systems for pressure vessels, tanks, distribution equipment and internal components.

Global Magnetic Drive Pump Market Report 2022: A $2.25 Billion+ Market by 2027 - Breakdown by Chemical, Oil & Gas, Water Treatment, Food Processing, Pharmaceuticals - ResearchAndMarkets.com

Retrieved on: 
Wednesday, May 18, 2022 - 5:10pm

The "Global Magnetic Drive Pump Market, By Flow Rate, Material, Application & By Region - Forecast and Analysis 2022-2027" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Magnetic Drive Pump Market, By Flow Rate, Material, Application & By Region - Forecast and Analysis 2022-2027" report has been added to ResearchAndMarkets.com's offering.
  • Magnetic Drive pumps are seal-less pumps that use the technology of a drive magnet and inner magnet connected to an impeller to move fluid through the pump.
  • The magnetic drive pump market is moderately fragmented, due to many companies operating in the industry.
  • Based on application, this market is segmented into chemical, oil & gas, water treatment, food processing, pharmaceuticals, and others.