Other Energy

Metropolitan Statement on Offer to Compromise to San Diego County Water Authority

Saturday, November 16, 2019 - 3:45am

Gloria Gray, chairwoman of the Metropolitan Water District of Southern California Board of Directors, issued the following statement on Metropolitans offer to compromise to the San Diego County Water Authority:

Key Points: 
  • Gloria Gray, chairwoman of the Metropolitan Water District of Southern California Board of Directors, issued the following statement on Metropolitans offer to compromise to the San Diego County Water Authority:
    Today, the Metropolitan Water District of Southern California has made a statutory offer to compromise to the San Diego County Water Authority (SDCWA) to resolve several rate cases filed by SDCWA, leading to nearly a decade of ongoing litigation.
  • With another trial upcoming, and our Board and many prominent leaders in San Diego desiring a more collaborative approach to providing water services in our region, this is an opportune time to end these disputes.
  • The Metropolitan Water District of Southern California is a state-established cooperative that, along with its 26 cities and retail suppliers, provide water for nearly 19 million people in six counties.
  • The district imports water from the Colorado River and Northern California to supplement local supplies, and helps its members to develop increased water conservation, recycling, storage and other resource-management programs.

Cummins Unveils New Environmental Sustainability Strategy to Address Climate Change, Conserve Natural Resources

Friday, November 15, 2019 - 7:00pm

Cummins Inc. (NYSE: CMI) announced today its next environmental sustainability strategy, which includes science-based goals that meet or exceed the goals in the United Nations Paris agreement on climate change.

Key Points: 
  • Cummins Inc. (NYSE: CMI) announced today its next environmental sustainability strategy, which includes science-based goals that meet or exceed the goals in the United Nations Paris agreement on climate change.
  • Its clear that government, businesses, nongovernmental organizations, and communities must unite behind swift, decisive action to address the environmental threats we face.
  • The strategy, called PLANET 2050, is focused on three priority areas: addressing climate change and air emissions, using natural resources in the most sustainable way, and improving communities.
  • In 2019, Cummins was named to the S&P Dow Jones Sustainability Index for North America for a 14th consecutive year.

MoGas Pipeline Announces Open Season

Friday, November 15, 2019 - 1:30pm

MoGas Pipeline, LLC (MoGas), a wholly owned subsidiary of CorEnergy Infrastructure Trust, Inc., today announced an open season to solicit interest in firm transportation capacity on its interstate natural gas pipeline in Missouri and Illinois.

Key Points: 
  • MoGas Pipeline, LLC (MoGas), a wholly owned subsidiary of CorEnergy Infrastructure Trust, Inc., today announced an open season to solicit interest in firm transportation capacity on its interstate natural gas pipeline in Missouri and Illinois.
  • MoGas has pipeline receipt and delivery interconnects with Rockies Express Pipeline LLC (REX), Panhandle Eastern Pipe Line Company, LP (PEPL) and Enable Mississippi River Transmission, LLC (MRT).
  • We are conducting this open season to solicit shipper interest for firm transportation service to the MoGas MRT interconnect in the east, as well as delivery points in the western portion of our system.
  • Through our receipt points, MoGas shippers have access to natural gas produced in the Rocky Mountain, Marcellus, Arkoma and Gulf Coast regions, said Rick Kreul, President of MoGas Pipeline, LLC.

Cummins CEO and National Environmental Experts to Discuss the Need to Combat Climate Change and Plans to Address Environmental Challenges

Friday, November 15, 2019 - 12:30pm

Conference call with the media to discuss need to address climate change and plans to address environmental challenges.

Key Points: 
  • Conference call with the media to discuss need to address climate change and plans to address environmental challenges.
  • Cummins will announce its latest environmental sustainability strategy including specific and quantifiable goals and its future carbon neutral target.
  • Call is intended for media only due to limited number of lines.
  • Janet McCabe, Director, Indiana University Environmental Resilience Institute and Professor of Practice, Indiana University Robert H. McKinney School of Law and former EPA Administrator
    Friday, November 15 at 1:30 p.m. EST

Global Ethylene Carbonate Market 2020-2024 | 7% CAGR Projection Over the Next Five Years | Technavio

Friday, November 15, 2019 - 8:30am

The ethylene carbonate market size is expected to post a CAGR of close to 7% during the period 2020-2024, according to the latest market research report by Technavio.

Key Points: 
  • The ethylene carbonate market size is expected to post a CAGR of close to 7% during the period 2020-2024, according to the latest market research report by Technavio.
  • View the full release here: https://www.businesswire.com/news/home/20191115005091/en/
    Technavio has announced its latest market research report titled global ethylene carbonate market 2020-2024 (Graphic: Business Wire)
    The increasing demand for plasticizers is one of the major reasons for the ethylene carbonate market growth.
  • Therefore, the rising demand for EVs will drive the growth of the ethylene carbonate market during the forecast period.
  • This market research report segments the ethylene carbonate market by application (lithium battery electrolyte, solvents, lubricants, photochromatic, and others), and geography (APAC, Europe, MEA, North America, and South America).

GeoPark Announces All-cash Acquisition of Amerisur Resources (London-Listed Latin American E&P Company)

Friday, November 15, 2019 - 7:10am

GeoPark Limited (GeoPark or the Company) (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador, announces the acquisition of Amerisur Resources Plc.

Key Points: 
  • GeoPark Limited (GeoPark or the Company) (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador, announces the acquisition of Amerisur Resources Plc.
  • The acquisition of Amerisur is in line with GeoParks strategy of continued expansion, on the way to its long-term production target of 100,000 boepd and beyond.
  • Closing of the Transaction is expected inDecember 2019 or in January 2020, following approval of Amerisur shareholders and subject to customary regulatory approvals.
  • GeoPark expects to integrate the Amerisur assets and operations within its SPEED program to enhance and strengthen the work of Amerisur.

Optomec Extends Production Runtimes for 3D Printed Electronics Solutions

Thursday, November 14, 2019 - 10:40pm

The solution enables full shift operation to better meet the needs of current and next-generation electronics manufacturing across a broad range of industries.

Key Points: 
  • The solution enables full shift operation to better meet the needs of current and next-generation electronics manufacturing across a broad range of industries.
  • Optomec's Aerosol Jet technology is offered as a complete production solution enabling 3D printed electronics applications, but the print engine can also be sold separately as a scalable solution to be integrated into customers own automation solutions.
  • Optomecs patented Aerosol Jet Systems for printed electronics and LENS 3D Printers for metal components are used by industry to reduce product cost and improve performance.
  • Optomec has more than 300 marquee customers around the world, targeting production applications in the electronics, energy, life sciences and aerospace industries.

San Onofre Community Engagement Panel to Discuss Dismantlement of Nuclear Plant, Efforts to Transfer Spent Fuel Off-Site

Thursday, November 14, 2019 - 10:22pm

SDS will discuss the process for removing the material and dismantling the buildings, including the twin containment domes visible from Interstate 5.

Key Points: 
  • SDS will discuss the process for removing the material and dismantling the buildings, including the twin containment domes visible from Interstate 5.
  • Ongoing vigilance is vital as it relates to movement of spent nuclear fuel from wet to dry storage at San Onofre, said David Victor, CEP chair.
  • Developing a strategic plan to move the spent nuclear fuel to an off-site location is also a topic of the meeting.
  • SCE, majority owner of the San Onofre nuclear plant, announced in June 2013 that it had retired San Onofre Units 2 and 3 and had begun the process to decommission the facility.

Williams Industrial Services Group Announces Plan for $7 million Rights Offering to Stockholders with Backstop Commitment

Thursday, November 14, 2019 - 10:17pm

The Rights Offering is supported by a commitment (the Backstop Agreement) with Wynnefield Capital, Inc. (referred to, along with its affiliates as Wynnefield) to purchase all unsubscribed shares of common stock in the Rights Offering.

Key Points: 
  • The Rights Offering is supported by a commitment (the Backstop Agreement) with Wynnefield Capital, Inc. (referred to, along with its affiliates as Wynnefield) to purchase all unsubscribed shares of common stock in the Rights Offering.
  • The Company expects to receive aggregate gross proceeds of $7.0 million before fees and expenses from the Rights Offering, supported by the Backstop Agreement, if necessary.
  • The purpose of the Rights Offering is to raise capital in a cost-effective manner that allows all stockholders to participate.
  • Williams Industrial Services Group Inc. has been safely helping plant owners and operators enhance asset value for more than 50 years.