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IT Shades
Engage & Enable
I-Bytes
Energy
April Edition 2021
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Who We are Aim of this I-Byte Reasons to talk to us
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Table of Contents
1. Financial, M & A Updates...................................................................................................................................1
2. Solution Updates.................................................................................................................................................18
3. Rewards and Recognition Updates...................................................................................................................31
4. Customer Success Updates................................................................................................................................32
5. Partnership Ecosystem Updates.......................................................................................................................40
6. Environmental & Social Updates.....................................................................................................................56
7. Miscellaneous Updates......................................................................................................................................64
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Financial, M & A
Updates Energy Industry
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Financial, M&A Updates
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Chevron (USA) and Hokkaido Gas Co., Ltd. Sign LNG Agreement
Chevron Corporation announced its wholly-owned subsidiary Chevron U.S.A.
Inc. has signed a binding Sale and Purchase Agreement (SPA) with Hokkaido Gas
Co., Ltd. for the delivery of liquefied natural gas (LNG) from Chevron’s global
LNG portfolio to the Hokkaido area. Under the agreement, CUSA will supply
Hokkaido Gas with about a half million tons of LNG over a period of five years
starting April 2022. Hokkaido Gas is an integrated energy company located in
Sapporo, Japan which provides city gas, electricity and other high value-added
energy services in Hokkaido region. Chevron Corporation is one of the world's
leading integrated energy companies. Through its subsidiaries that conduct
business worldwide, the company is involved in virtually every facet of the
energy industry. Chevron explores for, produces and transports crude oil and
natural gas; refines, markets and distributes transportation fuels and lubricants;
manufactures and sells petrochemicals and additives; generates power; and
develops and deploys technologies that enhance business value in every aspect of
the company's operations.
Executive Commentary
“We are delighted to design and execute a Sales and Purchase Agreement
(SPA) with our new partner Hokkaido Gas that will bring Chevron LNG
directly to Hokkaido, a key growth area. It broadens our customer base in
Japan, a market that is foundational to our LNG business. This new SPA
represents Chevron’s commitment to collaborate with Hokkaido Gas in
diversifying energy solutions and advancing a lower carbon future in the
Hokkaido area,” said President of Chevron Global Gas, a division of CUSA.
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Financial, M&A Updates
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Diamondback Energy, Inc. (USA) Completes Acquisition of QEP Resources, Inc.
Diamondback Energy, Inc. announced that it has completed its
previously announced acquisition of QEP Resources, Inc. in an all-stock
merger following approval of the merger and related proposals by the
QEP stockholders at their special meeting held on March 16, 2021. QEP
reported the results of its stockholder vote at the special meeting on its
Form 8-K with the Securities and Exchange Commission on March 16,
2021. As previously announced, in the merger, QEP stockholders will
receive 0.05 of a share of Diamondback common stock for each share of
QEP common stock issued and outstanding immediately prior to the
effective time of the merger, with cash to be received in lieu of any
fractional shares. As a result of the merger, QEP common stock will no
longer be listed for trading on NYSE and its reporting obligations under
the Securities Exchange Act of 1934 will be suspended.
Executive Commentary
“We are excited to announce that we have completed our acquisition
of QEP. This deal, along with our recently completed acquisition of
certain assets from Guidon Operating LLC (the “Guidon
acquisition”) bolsters our depth of Tier 1 Midland Basin inventory
and positions us to allocate a majority of our capital to the
high-returning Midland Basin for the foreseeable future. We look
forward to updating the market on our progress on synergy capture
and laying out the pro forma operating plan for 2021 as soon as
practicable,” stated Chief Executive Officer of Diamondback.
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Eni (Italy) acquires FRI-EL Biogas Holding, a leading national producer biogas
Eni’s subsidiary Ecofuel, the company responsible for managing Eni’s investments in the
circular economy, and FRI-EL Greenpower, a Gostner family holding, leader in the
sectors of electricity production from renewable sources, have reached an agreement for
Eni to acquire the FRI-EL Biogas Holding company, a leader in the Italian biogas
production sector. FRI-EL Biogas Holding owns 21 plants generating electricity from
biogas and a plant for processing OFMSW - the organic fraction of municipal solid waste
- which Eni intends to convert to produce biomethane, which when fully operational, will
supply over 50 million cubic meters per year to the network. This acquisition sees Eni
strengthening its growth in the circular economy, laying the foundations to become the
first producer of biomethane in Italy. The deal is part of Eni's broader decarbonization
strategy, which has the goal to eliminate all emissions from industrial processes and
products by 2050. It is one of the levers for rapid growth in renewables production,
which is aimed at providing customers with a growing share of green and bio products
(liquid biofuels and biomethane), and will be integrated with the increase in Eni service
stations supplying CNG and LNG to the Italian network.
Executive Commentary
Eni's CEO, said “With this deal, we have laid the foundations for strong growth in the
biomethane sector, which will be distributed in Eni’s service stations, both as
compressed natural gas and as liquefied natural gas. This is a strategic business area
for us on the path to completely eliminating our emissions, and represents a
significant contribution to decarbonizing transport and our ability to offer sustainable
products to our customers. It provides a new and significant level of substance to
continue on the path outlined in our strategy”.
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EQT (USA) Private Equity closes acquisition of Chr. Hansen’s Natural Colors division
EQT Private Equity announced its intention to acquire the Natural
Colors division of Chr. Hansen the leading global developer and
manufacturer of natural coloring ingredients for food and beverages.
EQT is hereby pleased to confirm that the closing of the transaction
was completed on 31 March 2021.
Executive Commentary
Incoming Chair of Natural Colors, stated, “I am very pleased to be
joining the board of Natural Colors as Chair to support the
company and EQT in the future value creation. Having known the
Natural Colors business and several members of the team for many
years, I am confident that it has great potential to further solidify its
leading position within natural color solutions. The company is
supported by all the right market trends, including increased
consumer demand for natural ingredients, and it has a remarkable
heritage with 140 years of experience, which we intend to build
on.”
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Equinor (Norway): Awarding framework agreements for 4D towed streamer
seismic acquisition offshore Norway
Equinor has awarded PGS and Shearwater GeoServices framework
agreements for 4D towed streamer seismic acquisition on the
Norwegian continental shelf (NCS). The agreements have a total
estimated value of around NOK 700 million. PGS and Shearwater
have been awarded generic framework agreements covering 4D
seismic services on the NCS for a firm period of two years starting in
2021. The agreements include two two-year options and can also be
applied for the UK continental shelf. PGS has also been awarded a
specific framework agreement for 4D seismic services at the Gullfaks
field. The agreement comprises an exclusive right to acquire up to
three surveys prior to 2031.
Executive Commentary
“4D seismic gives us better data to map remaining oil and gas
resources as the reservoirs are being produced. These contracts will
help us optimize the reservoir drainage and place new wells, and
thereby achieve our ambition of recovering 60 percent of oil and 85
percent of gas on the NCS,” says vice president of petroleum
technology operations in Equinor.
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Hess (USA) Announces Sale of Non-Strategic Interests in Bakken Acreage
Hess announced that it has entered into an agreement to sell its Little
Knife and Murphy Creek acreage interests in the Bakken in North
Dakota to Enerplus Corporation for a total consideration of $312
million, effective March 1, 2021. The sale consists of approximately
78,700 net acres, which are located in the southernmost portion of
Hess’ Bakken position and not connected to Hess Midstream
infrastructure. Net production from this acreage averaged 4,500
barrels of oil equivalent per day net to Hess in the first quarter of
2021.
Executive Commentary
“The Bakken is a core asset in our company’s portfolio,” CEO
said. “Sale of the Little Knife and Murphy Creek acreage – the
majority of which we were not planning to drill before 2026 –
brings material value forward and further strengthens our cash
and liquidity position.”
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HPCL (India) acquires balance 50% stake in Chhara LNG Terminal
Hindustan Petroleum Corporation Limited (HPCL) has acquired the balance 50% equity stake in ‘HPCL Shapoorji Energy Private Limited
(HSEPL)’ from M/s S P Ports Pvt Ltd on 30th March 2021. Post-acquisition, HPCL’s stake in HSEPL gets enhanced to 100%, making HSEPL a
wholly owned subsidiary of HPCL. HSEPL is constructing a 5 MMTPA Liquified Natural Gas (LNG) Terminal at Chhara, Gujarat at a project
cost of about Rs 4300 crore which is likely to be completed by end of calendar year 2022. The Terminal will have all facilities for receipt of LNG
through ocean going tankers, marine unloading, storage, LNG Road Tanker loading, regasification, and supply of regasified LNG to the gas grid.
The project is further expandable to a capacity of 10 MMTPA in future. The acquisition is in line with overall future strategy of HPCL to diversify
its product portfolio and is an important step in the direction of having a strong presence in the total Natural Gas value chain. Percentage of
Natural Gas in the overall energy basket of India is expected to grow from 6% at present to 15% by 2030 which makes it one of the important
growth drivers in future. HPCL, along with its joint venture companies, has presence in CGD business in 20 Geographical Areas (GA) in 34
districts covering 9 states in the country. HPCL on its own operates 674 CNG stations as on date which it plans to expand further. It is also
foraying into setting up of LNG dispensing stations. These, together with the focus on enhanced use of Natural Gas in refineries of HPCL and its
joint ventures/subsidiaries add to the strategic value of the acquisition.
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Mol (Hungary) Group Acquires Retail Assets In Slovakia And Hungary, In Line
With Its Updated Long-Term Strategy
MOL Group announces the acquisition of 100% of Normbenz Slovakia s.r.o. by Slovnaft that
includes 16 service stations in Slovakia operated under the Lukoil brand. MOL has also
concluded a deal with Marché International AG to buy the company that operates 9 restaurants in
Hungary under the Marché brand. The agreements fit the Group’s “SHAPE TOMORROW”
2030+ updated long-term strategy, which lays special emphasis on the development of Consumer
Services. The acquisition of 100% of Normbenz Slovakia s.r.o. includes 16 Lukoil branded fuel
retail stations in Slovakia with a countrywide coverage. The stations provide good complement
for Slovnaft’s network in the country, which currently consists of 254 service stations. The
network will continue to operate under the Slovnaft brand. Slovnaft’s intention is to introduce the
Fresh Corner concept after the takeover, with premium gastro products and other services that are
already offered in the Slovnaft network. The transaction is subject to competition clearance by the
Antimonopoly Office of the Slovak Republic. Seven of the acquired nine restaurants of Marché
International have been integral parts of the MOL service stations for over 10 years. With their
freshness and à la minute preparation concept, the restaurants and their employees provide
premium quality on the European market. Over the years MOL has gained regional experience
and expertise, and as a result the company can now operate the restaurants as part of its own
business, with the intention to include them into the Fresh Corner concept. The acquisition is
subject to the approval of the Hungarian Competition Authority.
Executive Commentary
“Further develop the food and convenience offers and network expansion is both part of our
updated strategy and serves our aim to become regional leader in fuel and convenience
retailing. In order to reach that, we seek new opportunities with a new determination.
Welcoming the 16 new service stations in Slovakia gives us the opportunity to expand our
presence in the country and to introduce our existing Fresh Corner concept throughout the
new Slovnaft stations. The acquisition of the company operating Marché restaurants in
Hungary creates new perspectives for MOL as well, as it can take its gastro offer to a whole
new level and reach a wider audience with its retail services.” - said Executive Vice President
for Consumer Services of MOL Group.
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Ørsted (Denmark) brings in Norges Bank Investment Management as a partner in
Borssele 1 & 2
Ørsted has signed an agreement with Norges Bank Investment
Management (NBIM), who will be acquiring a 50 % ownership share of
Ørsted's 752 MW Borssele 1 & 2 Offshore Wind Farm, which was
commissioned in the fourth quarter of 2020 and generates green power to
the equivalent of one million households' annual power consumption in
the Netherlands. The total value of the transaction is approx. EUR 1.375
billion (approx. DKK 10.2 billion) which is to be paid upon closing of
the transaction. Closing is expected around summer 2021. As part of the
agreement, Ørsted will continue to provide long-term operations and
maintenance (O&M) services from its O&M base at the Port of
Vlissingen in the Netherlands. Furthermore, Ørsted will provide NBIM
with balancing services and a long-term route to market for the
renewable electricity generated by Borssele 1 & 2.
Executive Commentary
Chief Commercial Officer and Deputy Group CEO of Ørsted, says:
"As one of the world's largest institutional investors, Norges Bank
Investment Management is making a difference by making
sustainable investments. We're delighted to welcome NBIM as
partner on Borssele 1 & 2, which is a landmark project for the
Netherlands' transition to renewable energy, and we're pleased to
support NBIM in their strategy to invest in renewable energy
infrastructure assets."
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TATNEFT (Russia) and the RF Ministry of Energy signed an investment
agreement on the development of deep oil refining
The TATNEFT Company and the RF Ministry of Energy signed an investment agreement on the creation of new
production facilities at the TANECO Refinery and Petrochemical Plants Complex in Nizhnekamsk. The agreement,
concluded for the period until January 1, 2031, provides for the construction by the end of 2026 of 4 process units with
a total investment of more than 50 billion rubles, including delayed coking units, catalytic cracking units, heavy
residue hydroconversion and isodewaxing diesel fuel. These units will increase the depth of oil refining at the
TATNEFT refinery complex and ensure the production of high-quality and highly environmentally friendly products:
Euro-6 gasoline, Arctic diesel fuel that meets Euro-6 requirements and more stringent environmental specifications of
Scandinavian countries. For the implementation of these projects, in accordance with the signed Agreement, an
investment premium will be received to the returnable excise tax on crude oil.
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Petrobras (Brazil) expands investments in northern Brazil
Petrobras has signed agreements with the company BP Energy do Brasil Ltda (BP) to assume the full shareholding of BP in six
blocks, located in ultra-deep waters in northern Brazil, approximately 120 km from the state of Amapá, on a high-level
exploratory frontier. potential in the Brazilian equatorial margin. The six blocks of the agreements are: FZA-M-57, FZA-M-59,
FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127, which were acquired by consortia in the 11th Bidding Round for Blocks
by the National Petroleum, Natural Gas and Biofuels Agency (ANP), which took place in 2013. The blocks FZA-M-57,
FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127 belong to Petrobras (30%), Total (40%) and BP (30%). Petrobras had
already signed an agreement to assume the operation and the full participation of Total in these contracts, subject to ANP
approval, as disclosed to the market on September 28, 2020. Block FZA-M-59 belongs to the consortium involving Petrobras,
with a 30% stake and operator, and BP (70%). The agreement with BP will allow Petrobras to hold a 100% interest in these six
blocks. The completion of the transaction is still subject to the approval of Organs regulatory bodies.
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Petrobras (Brazil) signs contract for the sale of the RLAM refinery
Petrobras, in continuation of the statement released (3/24), informs that it has signed with MC Brazil Downstream
Participações, a company of the Mubadala Capital group, a contract to sell the shares of the company that will hold the
Landulpho Alves Refinery (RLAM) and its associated logistics assets, in the state of Bahia, for the amount of US $ 1.65
billion. As disclosed, the contract provides for adjustments in the sale value due to changes in working capital, net debt and
investments until the closing of the transaction, and that the transaction is subject to the fulfillment of precedent conditions,
such as approval by the Board of Directors of Economic Defense (CADE). Until the fulfillment of the precedent conditions
and the closing of the transaction, Petrobras will normally maintain the operation of the refinery and all associated assets.
After the closing, Petrobras will continue to support Mubadala Capital in RLAM's operations during a transition period. This
will happen under a service provision agreement, avoiding any operational interruption. Petrobras and Mubadala Capital
reaffirm the strict commitment to operational safety at RLAM at all stages of the operation.
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Pioneer Natural Resources (USA) Announces Bolt-On Acquisition of DoublePoint
Energy in the Midland Basin
Pioneer Natural Resources Company announced that it has entered
into a definitive purchase agreement to acquire the leasehold
interests and related assets of DoublePoint Energy (DoublePoint) in
a transaction valued at approximately $6.4 billion as of April 1,
2021, comprised of approximately 27.2 million shares of Pioneer
common stock, $1 billion of cash and the assumption of
approximately $0.9 billion of debt and liabilities.
Executive Commentary
Pioneer’s CEO stated, “DoublePoint has amassed an impressive,
high quality footprint in the Midland Basin, comprised of tier one
acreage adjacent to Pioneer’s leading position. We are pleased
with their decision to become long-term partners with Pioneer in
a transaction that will complement our unmatched position in the
core of the Permian Basin. Pioneer will incorporate these assets
into our investment model, migrating the assets from significant
production growth to a free cash flow model, moderating growth
for the U.S. shale industry and generating significant value for
our shareholders.”
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PKN ORLEN (Poland) has finalized the acquisition of OTP
PKN ORLEN has acquired 100 percent. shares of the OTP transport
company, the largest road carrier of liquid fuels in Poland. The
transaction will enable dynamic development and optimization of
logistics processes. The reconstruction of own transport capacity within
the Group's structures and the planned centralization of road logistics
management will also favorably translate into the results of the ORLEN
Capital Group. In this way, the Concern will definitely strengthen its
position on the road transport market. The acquisition of an experienced
entity with high competences in the field of road transport was preceded
by a thorough analysis of the transport industry and its changes in recent
years. The OTP company was founded on the assets of ORLEN
Transport, the sale of which to the Trans Polonia Group was decided in
2015.
Executive Commentary
“We are investing in the development of areas that will strengthen the
ORLEN Group's position and translate into profit growth in the long
term. The purchase of the OTP company and the centralization of
transport competences will allow for savings of up to PLN 25 million
per year. That is why we decided to regain prospective transport
assets, the sale of which was made in 2015. The adopted development
direction also creates space for cooperation with the Polish transport
industry. Central management of road logistics additionally requires
building a strong and stable portfolio of external companies, which
will reliably and cost-effectively supplement transport for the
ORLEN Group” said President of the PKN ORLEN Management
Board.
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PKN ORLEN (Poland) obtained the consent of the Office of Competition and
Consumer Protection for the acquisition of onshore wind farms
Operating in Pomerania, with a total capacity of approx. 90 MW. Thus, the only condition
precedent to the transaction with Spanish investment funds was met. After the finalization of
the transaction planned for April, the ORLEN Group will have 353 MW of installed wind
power in Poland, becoming the fourth largest player on this market. The transaction includes
the purchase of three wind farms located in Kobylnica (41.4 MW), Subkowy (8 MW) and
Nowotna (40 MW) in the Pomeranian Voivodeship. All farms are covered by the green
certificate support system and are in the area of Energa Operator's operations. Their total
electricity production is around 280 GWh per year. On the basis of the currently concluded
contracts, wind farms are guaranteed to receive the produced energy in the perspective of one
to ten years. After the acquisition, the ORLEN Group will have energy assets with a total
capacity of 3.3 GW, including 642 MW in zero-emission sources. They will include 58
power plants producing energy from renewable sources, including mainly hydropower
plants, photovoltaic farms and onshore wind farms. The wind energy segment will consist of
10 wind farms with a total installed capacity of 353 MW. Moreover, the ORLEN Group has
two modern steam and gas units in Płock and Włocławek. The concern also has an extensive
network of transmission lines with a total length of approx. 200 thousand kilometers, which
ensures constant energy supplies to approx. 3 million recipients.
Executive Commentary
“AgreedUOKiK for the takeover of onshore wind farms by PKN ORLEN is an important
step in building a modern multi-energy concern, with a strong energy segment based on
clean generation sources. In the ORLEN2030 strategy, we announced that we intend to
achieve 2.5 GW in renewable energy within a decade and we are consistently
implementing this plan. It is a response not only to regulatory issues, but also to the
expectations of our customers and shareholders.” said President of the Management
Board of PKN ORLEN.
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The President of UOKiK will consider PKN ORLEN's (Poland) application to
acquire PGNiG
European Commission decision, PKN ORLEN's request for permission to examine
the acquisition of PGNiG President of the Office of Competition and Consumer
Protection. The transfer of the competence to assess the transaction to the Polish
institution results from the fact that the planned concentration will not have
significant effects on competition outside Poland, and the President of the Office of
Competition and Consumer Protection has been recognized as the most competent
authority to assess such effects on the domestic market. Therefore, PKN ORLEN
plans to notify the President of the Office of Competition and Consumer Protection
of the intention of concentration within a few weeks. The acquisition of PGNiG will
be the next step for PKN ORLEN, after the acquisition of Energa and the consent of
the European Commission to the merger with LOTOS, in building a strong Polish
company with diversified revenues and a significant position on the European
market. As a result of the integration of the assets of PKN ORLEN, Energa, LOTOS
and PGNiG, the total annual revenues of the new concern would amount to approx.
PLN 200 billion. The operating profit EBITDA of the key segments would reach
approx.
Executive Commentary
“This is our great success. The EC's decision is an important step towards
obtaining approval for the merger of PKN ORLEN and PGNiG. This is very
important in the context of building a strong multi-energy concern, which will be
a significant entity on the competitive European market. A strong financial
position will also be of key importance to provide capital for investments,
including new gas blocks or offshore wind energy. That is why we implement
important investments and acquisition processes and assume the leading position
in this project. The merger of PKN ORLEN with PGNiG and Lotos is a huge and
only development opportunity for companies, their shareholders, but also
employees and customers.” Says President of the Management Board of PKN
ORLEN.
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Suncor Energy (Canada) invests in carbon capture technology company Svante
Suncor and Svante Inc. announced an equity financing agreement which provides Svante
with the additional growth capital to accelerate the commercialization of Svante’s novel
second generation CO2 capture technology in North America for the decarbonization of
industrial emissions and hydrogen production. Combined, Suncor and a number of family
office investors have invested $25 million USD of equity financing, bringing the total
proceeds raised under Svante’s Series D financing to $100 million USD, up from $75 million
as announced on February 2nd, 2021, and completing the largest single private investment
into point source carbon capture technology globally to date. This final closing of the Series
D financing includes Canadian energy company, Suncor Energy, and Carbon Direct SPV I
LLC. Existing investors Temasek, Chart Industries, Carbon Direct, OGCI Climate
Investments, BDC Cleantech Practice, Chevron Technology Ventures, The Roda Group,
Chrysalix Venture Capital and Export Development Canada (EDC) also participated in the
Series D round, reflecting strong on-going support for the Company, including its market
strategy and recent progress. Svante has now attracted more than $175 million USD in total
funding since it was founded in 2007 to develop and commercialize its breakthrough solid
sorbent technology at half the capital cost of traditional engineered solutions.
Executive Commentary
“Svante has generated a pipeline of potential new project opportunities capturing over 40
million tonnes of CO2 per year before 2030 from natural gas industrial boilers, cement
and lime, and blue hydrogen industrial facilities, mainly in North America and spurred
by both US and Canada federal CO2 tax credits and prices on CO2 emissions. The
net-zero pledges of major countries and large corporations is also a key driver for the
interest and rapid growth of the carbon capture and storage new industry,” said President
& CEO of Svante Inc. “We strive to create world-changing solutions that address climate
change and accelerate the global transition to carbon neutrality, reversing human impact
on the climate and building a commercially viable CO2 marketplace.”
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Description
17
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Solutions Updates
Energy Industry
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Volkswagen Group and bp (UK) to join forces to expand ultra-fast electric
vehicle charging across Europe
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18
Solution Description
Volkswagen and bp announced they intend to work together on extending and speeding up the deployment of ultra-fast electric
vehicle (EV) charging facilities at bp retail sites across the UK, Germany and elsewhere in Europe. Extensive ultra-fast charging
networks are seen by both companies as essential to accelerate the adoption of electric vehicles. The companies signed a
memorandum of understanding for their collaboration and intend to finalize agreements in coming months. This would bring together
two leading global players in mobility to develop a network of ultra-fast chargers at convenient and high-quality locations – bp sites,
and Aral sites in Germany. The partnership should give EV drivers greater confidence in being able to access nearby, reliable, quality
charging options. bp estimates approximately 90% of people in the UK and Germany live within a 20-minute drive of a bp or Aral
site. The agreement would also make bp the Volkswagen Group’s EV charging partner, with the integration of bp’s charging network
into VW Group vehicles to make finding and paying for charging fast and simple. The network would also be available for other EV
customers as part of the bp pulse network (Aral pulse in Germany), improving access to ultra-fast charging for EV drivers more
widely.
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Eni (Italy): Versalis to launch new product for food packaging made with
75% post-consumer polystyrene
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19
Solution Description
Versalis, Eni's chemical company, is expanding its range of “circular” products, made from recycled raw materials. The Versalis
Revive® portfolio will now include a new product for food packaging made with 75% domestic post-consumer polystyrene. The
product, referred to as Versalis Revive® PS Air F - Series Forever, is the result of the existing collaboration with Forever Plast S.p.A.,
a leading Italian company in the recycling of post-consumer products into high-quality raw materials, and has been developed as part
of a collaborative project with various players in the polystyrene industry value chain: Corepla, ProFood and Unionplast. This
collaboration has given rise to an innovative recyclable tray suitable for food and composed of recycled polystyrene developed by the
companies that are members of Pro Food. The tray consists of an inner layer containing Versalis Revive® PS Air F - Series Forever
and two outer layers made from virgin polystyrene. This structure, known as the A-B-A functional barrier, ensures food contact
compliance. The functional barrier design and stringent testing were developed in collaboration with the Fraunhofer Institute for
Process Engineering and Packaging (IVV), a leading German applied research institute that works with industries to develop viable
technologies for bringing innovative products to the market.
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Equinor (Norway): Partners have chosen concept for BM-C-33 project in
Brazil
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20
Solution Description
Equinor, together with license partners Repsol Sinopec Brasil and Petrobras, have approved the development concept
for BM-C-33, a gas/condensate field located in the Campos Basin pre-salt in Brazil. The well streams will be sent to a
floating production, storage and offloading unit (FPSO) located at the field. Gas and oil/condensate will both be
processed at the FPSO to sales specifications and exported. Crude will be offloaded by shuttle tankers and shipped to
the international market after ship-to-ship transfer. A new-build hull has been selected to accommodate for 30 years
lifetime of the field. The gas export solution is based on an integrated offshore gas pipeline from the FPSO to a new
dedicated onshore gas receiving facility inside the Petrobras TECAB site at Cabiúnas, before connecting to the
domestic gas transmission network.
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Halliburton (USA) Gives Major Operator Real-Time Automated Control
of Fracture Placement
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21
Solution Description
Halliburton Company announced it successfully delivered real-time control of fracture placement while pumping on a
multi-well pad using the SmartFleet™ intelligent fracturing system in the Permian Basin. An industry first, SmartFleet applies
automation enabled by subsurface measurements and real-time visualization to intelligently adapt and respond to reservoir
behavior, driving real-time improvement in completion execution and fracture outcomes. SmartFleet intelligent fracturing
system delivered several groundbreaking achievements. It provided the operator with real-time visibility downhole to
instantly validate fracture performance and manage fracture placement – allowing the operator to consistently visualize and
measure fracture propagation and ultimately control fracture placement through automation. With enhanced 3D measurement
and live insights, the operator shortened the learning curve by solving fracture optimization challenges that historically would
have taken numerous iterations to address. This resulted in more dynamic and accurate decision-making, as well as live
placement and execution adjustments that ultimately improved asset economics.
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HPCL (India) boosts up Electric Mobility Ecosystem with revolutionary
new range of EV Chargers
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22
Solution Description
HPCL has launched a revolutionary, first of its kind, EV Charger, in collaboration with Magenta EV Systems under its start-up
development program. The EV charger branded as “ChargeGrid Flare”, is a charger incorporated within energy-efficient street lamp
columns, that shall encourage EV adoption for flexible and low cost charging solutions. These chargers are State-of-the Art & can
cater to all range of new Generation E-Vehicles of all reputed brands. In a virtual function held at its Flagship Company owned Retail
Outlets at Mumbai, Delhi and Mumbai-Pune Express way, Senior Officials from HPCL in the presence of Senior Officials from
Magenta Group launched this new kind of EV Charger, taking HPCL’s tally of EV Charging facility to 50. HPCL plans to install
“ChargeGrid Flare” range of chargers at its selected Retail Outlets at pan India Level. In the space of Fixed EV Charging facilities,
HPCL is continuously upgrading its infrastructure to address the battery charging needs of the 2/3 Wheelers/ Cab Aggregators /Car
Owners in the personal mobility segment, which is aimed at enhancing consumer confidence on e-mobility initiatives & faster
adaption of E-vehicles. With the second largest network of Retail Outlets in the country, HPCL is all set to make bold strides in the
field of e-mobility.
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Lukoil (Russia) Increases Production at Imilorskoye Field in West Siberia
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23
Solution Description
LUKOIL's cumulative oil output at the Imilorskoye field in the Khanty-Mansi Autonomous District has exceeded five
million tonnes since the start of its pilot commercial operation in 2014. In 2020, the field's production increased by over
20%, when compared to the 2019 results. The field is currently in active development and production drilling there
continues. 117 production wells with the average daily yield of 17 tonnes were brought on stream in 2020. In total, over
300 oil wells and 29 multi-well pads are in service. Eight new hydrocarbons reservoirs have been discovered since
2015. The field has all necessary oil transportation equipment. Over 250 km of pipelines and 160 km of motorways
were constructed. The field support base features an administration and amenity complex, a mess hall and an
accommodation facility. There is also a booster pump station with a separation unit that intakes and degasses the crude
coming from the field to prepare it for further transportation.
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IT Shades
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TATNEFT (Russia) plans to produce rubber and road bitumen in
Kazakhstan
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24
Solution Description
TATNEFT signed in Kazakhstan the Agreement on the basic conditions of interaction on the Butadiene project and the Agreement of Intent
on the implementation of the project for the production of road bitumen. The signing of the documents took place as part of the events timed
to the beginning of the construction of the KamaTyresKZ tire manufacturing plant in the city of Saran, with the participation of the Prime
Minister of the Republic of Kazakhstan. The agreement on the basic terms of interaction on the Butadien project was signed by General
Director of Tatneft, and Chairman of the Management Board of NC KazMunayGas. TATNEFT plans to implement a project for the production
of butadiene rubbers in the Atyrau region together with NC KazMunayGas until 2025. The capacity will be 186 thousand tons of butadiene
rubbers and 170 thousand tons of isobutane. The raw material for the plant will be butane produced by Tengizchevroil LLP. Finished products
will be supplied to the KamaTyresKZ tire plant in the Karaganda region, as well as for export to European countries, Russia, China, Turkey
and others. Under the agreement of intent to implement the project to organize the production of road bitumen, the Minister of Industry and
Infrastructure Development of the Republic of Kazakhstan Beibut Atamkulov and the General Director of Tatneft Nail Maganov put their
signatures. The signing of the Agreement opens up the possibility of building a plant on the territory of the Republic of Kazakhstan with a
production capacity of 300 thousand tons of road bitumen per year.
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Total (France) Solarizes L’Oréal’s First Industrial Site In France
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25
Solution Description
Total, through its affiliate Total Quadran, one of the leading renewables players in France, announces the
commissioning of the solarization project at L’Oréal’s Vichy production plant. The project consists of photovoltaic
parking lot awnings and charge points for electric vehicles. The renewable electricity produced will cover 33% of the
plant’s energy needs, from almost 4,000 solar panels across a surface area of 9,500 m² with total power of 1.5 MWp
(Megawatts peak). Total will also conduct an R&D project on this site, with the aim of analyzing the performance of
the bifacial photovoltaic modules on the awnings.
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Petrobras (Brazil) launches new Investor Relations website
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26
Solution Description
Petrobras launched this Friday, 9/4, the new Investor Relations website in line with the best market practices. More
modern and easier to navigate, the site presents new information and features such as a new first page that makes available
all the relevant content about the company, with highlights and links to the most important documents in each section,
reducing the number of clicks to reach the information. In the new ESG (Environmental, Social and Corporate
Governance) section, the investor will have access to the main sustainability indicators on a consolidated basis, the
company's long-term strategies, reports and presentations, in addition to the new Controversy menu, bringing more
information and transparency on environmental, social and governance issues. All sections of the website have been
reorganized in order to facilitate the obtaining of relevant data and the navigability of investors and analysts. In addition
to having the accessibility tool, we have improved access to information by creating pages that have documents in a more
visual way.
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Petrobras (Brazil) and partners approve development concept for block
BM-C-33
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27
Solution Description
Petrobras approved, together with its partners Equinor and Repsol Sinopec Brasil, the concept of development of the
BM-C-33 block, operated by Equinor, located in the pre-salt of the Campos Basin, in the state of Rio de Janeiro. The
block is about 200 km away from the coast and has a water depth of 2,900m. In BM-C-33 three accumulations of gas
and condensate (light oil) were discovered: Pão de Açúcar, SEAT and Gávea. The approved concept is based on
production from wells connected to an FPSO (floating production, storage and offloading unit), with the capacity to
process condensed oil and gas produced and specify them for sale. The transfer of the condensed oil will be carried out
by relief vessels and the natural gas will be exported to the coast through an underwater pipeline that will connect to a
receiving infrastructure located at the Cabiúnas Terminal - TECAB, and then connect to the gas transport network.
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Another station in Germany under the ORLEN (Poland) brand is already
open
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28
Solution Description
After Berlin, station in Germany opened as part of the chain's rebranding on foreign markets. In this country, there are
already nearly 600 fuel stations under the ORLEN-star Group brand, available in every German state. In line with the
ORLEN 2030 strategy, the concern intends to significantly expand its network, mainly abroad. According to the strategy,
investment expenditure on the development of the concern's retail area by 2030 will consume PLN 1.1 billion, thanks to
which EBITA LIFO will increase one and a half times, to approx. PLN 5 billion. By 2030, at least 3.5 thousand stations
will operate in the region under the Polish brand ORLEN. The development of the ORLEN Group's station network will
take place primarily abroad - the share of foreign stations in the entire network will increase from 37% to 45%. ORLEN
station in Hamburg was opened Bernadottestraße Street, located in the district Othmarschen. A rich gastronomic offer,
among other things, offering hot dogs or casseroles, complemented by nearly 1,000 articles, also Polish manufacturers,
which can be purchased on site.
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Repsol (Spain) develops smart energy management system that improves
customer efficiency
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29
Solution Description
Repsol has developed an energy management system (EMS) that uses artificial intelligence algorithms and advanced optimization to manage
energy efficiently. The device will act on the energy use in the climate control and cold chain logistics processes of commercial and industrial
customers, lowering energy consumption while also reducing CO2 emissions. This initiative is one of many launched by the multi-energy
company in its effort to achieve zero net emissions by 2050. In preliminary stages of development carried out at the Repsol Technology Lab's
microgrid laboratory, the EMS has shown savings of up to 20% of power consumed by climate control systems, rising to 40% in cold chain
logistics applications. The smart management system will now be tested in real-world scenarios through agreements with various industry-leading
partners in different sectors. Each partner presents their own specific characteristics which, together, will help complete development in a diverse
variety of environments. The first large sports facility to test out the EMS will be the San Mamés Stadium, where Athletic Club de Bilbao football
team plays their home games. Saving energy has always been a priority for the club and it was one of the premises during the construction of the
stadium, which first opened in 2013 and in 2016 became the first European football stadium to receive the prestigious LEED Gold Certification
for Sustainable Buildings. Now, with Repsol's EMS, it can continue improving the efficiency of its climate control systems.
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IT Shades
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Schlumberger (USA) New Energy Venture to Launch a Lithium Ex-
traction Pilot Plant in Nevada
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30
Solution Description
Schlumberger New Energy announced the development of a lithium extraction pilot plant through its new venture, NeoLith Energy. The
deployment of the pilot plant will be in Clayton Valley, Nevada, USA. The NeoLith Energy sustainable approach uses a differentiated direct
lithium extraction (DLE) process to enable the production of high-purity, battery-grade lithium material while reducing the production time
from over a year to weeks. This innovative process can create new market opportunities for lithium extraction and battery manufacturing
economy, and maximize the value of the lithium-rich resource base in Nevada with cutting-edge extraction technology. The demand for
battery-grade lithium is projected to grow exponentially, driven by growth in the electric vehicle (EV) market. As EVs greatly depend on
lithium-ion rechargeable batteries, sustainable and efficient lithium production has become an important topic for regions, industries, and
technology companies, as well as battery and large automotive manufacturers. NeoLith Energy’s pilot plant is a step towards a full-scale,
commercial lithium production facility. The pilot plant results will be used to optimize the design of the full-scale production plant. The
production plant will utilize an environmentally friendly method for subsurface brine extraction and lithium production that requires a
significantly smaller footprint and reduces water consumption by over 85% compared to current methods for lithium extraction from brine.
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Rewards & Recognition
Updates Energy Industry
R & R Updates
IT Shades
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Marathon Petroleum (USA): Detroit Refinery receives highest recognition
for workplace safety and health from MIOSHA
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31
Marathon Petroleum Corp.’s (MPC), Michigan Refining Division received the Michigan Voluntary Protection Program
(MVPP) Star award from the Michigan Occupational Safety and Health Administration (MIOSHA) for workplace
safety and health excellence. MIOSHA established the MVPP program in 1996 to recognize employers with exemplary
safety and health management systems that go above MIOSHA requirements. To be eligible for the award, an applicant
must have injury and illness incidence rates for each of the last three years below the industry average.
R&R Description
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Customer Success
Updates Energy Industry
Customer Success Updates
IT Shades
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Equinor (Norway): New service agreements for electrical equipment at
offshore and onshore facilities in Norway
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32
ABB AS and Siemens Energy AS are awarded framework agreements for providing service of electrical equipment on
all Equinor’s installations on the Norwegian continental shelf (NCS) and onshore plants in Norway. The total value of
the agreements with options is estimated at around NOK 4.5 billion. The scope is expected to require about 100
man-years in Norway. The agreements are awarded on behalf of Equinor-operated licences on the NCS and onshore
plants in Norway, and on behalf of Gassco as the operator for the Kollsnes and Kårstø gas processing plants. The
agreements can also be applied globally.
Description
Customer Success Updates
IT Shades
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Equinor (Norway): Awarding three contracts for Heimdal and Veslefrikk
decommissioning
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33
Equinor has chosen Heerema Marine Contractors Nederland SE for removal, dismantling and recycling of the topsides
and jackets of the Heimdal riser platform, Heimdal main platform and Veslefrikk Aplatform in the North Sea. The three
contracts have been awarded on behalf of Gassco as operator of the Heimdal riser platform and on behalf of the
partners of the Heimdal and Veslefrikk licences. The Veslefrikk partners plan to shut down the field permanently in the
spring of 2022. Well plugging started earlier this year. Equinor and Gassco, who are operators of the two platforms on
the Heimdal field, have over time studied the best possible use of the installations and the area before deciding a
shutdown.
Description
Customer Success Updates
IT Shades
Engage & Enable
Danfoss and Ørsted (Denmark) sign corporate power purchase agreement
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34
Danfoss, a world-leading industrial manufacturer of energy efficient solutions, has signed a 10-year fixed price corporate power purchase
agreement (CPPA) with Ørsted to offtake the renewable electricity output of 27 MW of Ørsted's 209MW Danish offshore wind farm
Horns Rev 2, which came out of subsidy in October 2020. Danfoss' target to become carbon-neutral globally in 2030 is built on three main
strategies. Firstly, Danfoss continues to invest in energy-efficient solutions significantly lowering the heating and electricity consumption
in all factories worldwide. Secondly, Danfoss will pursue opportunities to connect its factories to local district heating networks to
purchase heat produced from renewable energy sources and thereby phase out the use of natural gas and other fossil fuels, but also to
recover excess heating from Danfoss' production processes and feed it back into the district heating network - often referred to as sector
coupling. Thirdly, Danfoss wants to buy green electricity from professional partners like Ørsted, who can guarantee the electricity
originates from renewable sources. Through this agreement with Ørsted covering all Danfoss' factories in Denmark and Germany,
Danfoss can offset carbon emissions corresponding to approx. 31,000 tonnes a year or about 12% of the company's total emissions in their
scope 2 accounting, according to the green house protocol that regulates carbon accounting globally.
Description
Customer Success Updates
IT Shades
Engage & Enable
Orange Signs A Major Green Power Purchase Agreement with Total (France)
Which Will Develop 80 Mw of Solar Farms in France To Honor It
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35
Orange signed a Corporate Power Purchase Agreement (CPPA) with Total, through its subsidiary Total Quadran – one
of the leaders in renewable energies in France. Total will supply Orange with 100 GWh a year of renewable electricity
over a period of 20 years. This agreement will thus enable the development, by 2024, of a dozen new solar power plants
spread throughout metropolitan France, with a cumulative capacity of 80 MW. This agreement illustrates the
commitment of Total and Orange to contribute to the country’s energy transition while promoting local economic
development, with the support of regional authorities.
Description
Customer Success Updates
IT Shades
Engage & Enable
Orange Signs A Major Green Power Purchase Agreement with Total (France)
Which Will Develop 80 Mw of Solar Farms in France To Honor It
For any queries, Please write to marketing@itshades.com
36
Orange signed a Corporate Power Purchase Agreement (CPPA) with Total, through its subsidiary Total Quadran – one
of the leaders in renewable energies in France. Total will supply Orange with 100 GWh a year of renewable electricity
over a period of 20 years. This agreement will thus enable the development, by 2024, of a dozen new solar power plants
spread throughout metropolitan France, with a cumulative capacity of 80 MW. This agreement illustrates the
commitment of Total and Orange to contribute to the country’s energy transition while promoting local economic
development, with the support of regional authorities.
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PKN ORLEN (Poland) has a contract for crude oil supplies
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37
PKN ORLEN concluded a contract for the purchase of crude oil with Rosneft. The monthly volume of deliveries under the contract will
amount to 300 thousand. tons of raw material. It meets the conditions agreed during the negotiations with the Russian side. The volume
limitation does not affect the security of supplies to the ORLEN Group refineries. The existing contract between PKN ORLEN and
Rosneft, valid until January 31 this year, provided for crude oil supplies at the level of 5.4-6.6 million tonnes per year. The new 2-year
contract provides that supplies to the PKN ORLEN refinery will amount to 3.6 million tonnes per year. The concern uses every
opportunity that is economically attractive and at the same time meets the current market demand. At the same time, PKN ORLEN is
actively looking for new markets and expanding the portfolio of suppliers and types of crude oil. The purchase possibilities and the degree
of complementarity of various types of crude oil with the technologies used in refineries of the ORLEN Group are examined on an
ongoing basis. Actions taken are related to global conditions, incl. increased demand for finished petroleum products. Selected grades of
crude oil with properties other than REBCO, under certain conditions, enable an increase in yields towards middle distillates, especially
diesel.
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Siemens Gamesa and Repsol (Spain) wrap up their first deal to install 120
MW across four wind farms in Spain
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38
Siemens Gamesa and Repsol have signed their first contract together that will see the installation of 24 SG 5.0-145 wind turbines across four wind
farms in Spain, with a total installed capacity of 120 MW. This is the first contract between the pair as the Spanish multi-energy giant rolls out its
ambitious growth plans in renewable energy. The agreement includes the supply to Repsol of 20 turbines for two wind farms in the province of
Zaragoza, in the North-East of Spain (part of Delta II project), for 100 MW, and the installation of four wind turbines in two other wind farms in
the province of Valladolid to the North-West of the country (part of the PI project), with a capacity of 20 MW. Repsol's Delta II project consists of
26 wind farms located in the provinces of Huesca, Zaragoza and Teruel. It will have a capacity of 860 MW, and will be developed between now
and 2023. When operational it will supply electricity to 1.8 million people, over the entire population of the region of Aragon. In addition, it will
prevent the emission of more than 2.6 million tons of CO2 per year. The wind farms in Valladolid correspond to the PI project, which will have a
total installed capacity of 175 MW. The SG 5.0-145 is one of the most powerful onshore turbines in Spain, with just one supplying sufficient green
energy to around 4,000 households. The wind farms are scheduled to be commissioned between the end of 2021 and the beginning of 2022. The
agreement includes the maintenance of the turbines for a period of five years.
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Saipem (Italy) awarded a new contract by Qatargas worth over 1 billion
USD for the North Field Production Sustainability Pipelines Project
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39
Saipem has received from Qatargas a Letter of Award for a new contract worth over 1 billion USD and related to the North Field
Production Sustainability Pipelines Project located offshore and onshore the North-East coast of the Qatar peninsula. The
additional contract entails the Engineering, Procurement, Construction, and Installation (EPCI) of offshore export trunklines and
related onshore tie-in works and is part of the development of the North Field production plateau, which also includes the EPCI
of offshore facilities previously awarded to Saipem in February. The scope of work for this award (EPCL package) includes three
export trunklines starting from their respective offshore platforms to the Qatargas North and South Plants in Ras Laffan Industrial
City for a total length of almost 300 km, as well as associated onshore tie-in works and brownfield activities on existing onshore
and offshore facilities. Pipelaying operations will be executed by the DE HE and Saipem Endeavour vessels. Saipem will enhance
the overall project execution, comprising both EPCO and EPCL scope of work, by combining relevant planned schedules and
project management and will start activities immediately. Project completion is expected by mid-2024.
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BMW Group and Daimler Mobility join forces with bp (UK) as a partner for Digital
Charging Solutions GmbH, to further accelerate the growth of electrification
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40
bp agreed to join BMW Group and Daimler Mobility AG in their drive to extend and significantly improve electrification,
making electric vehicle charging more convenient, simpler and seamless for drivers. Under their agreement, bp will become
a 33.3% partner alongside BMW Group and Daimler Mobility AG in Digital Charging Solutions GmbH (DCS), one of
Europe’s leading developers of digital charging solutions for automotive manufacturers and vehicle fleet operators. bp’s
acquisition of the stake in DCS will be subject to regulatory approval. The terms of the transaction are not being disclosed.
DCS’s services are important for the electrification strategies of the automotive industry. The company works with OEMs to
integrate its charging solutions into vehicle operating systems, offering Plug & Charge for vehicle and charger to
communicate seamlessly without the need for additional customer authentication. For example, DCS already operates
"Mercedes me Charge", "BMW Charging" and "MINI Charging" services. DCS already offers access to 228,000 charging
points in 32 countries giving OEMs, fleet customers and EV drivers extensive access to charging infrastructure across Europe.
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FNM and Eni (Italy) join forces to accelerate the energy transition in the transport
sector
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41
FNM and Eni have signed a letter of intent that sees them launch a strategic collaboration aimed at speeding up the process
of transitioning to new energy sources. The letter of intent, signed by FNM Chairman Andrea Gibelli and Chief Operating
Officer Energy Evolution Giuseppe Ricci, provides an outline of potential collaborations and initiatives in fields including
the introduction of fuels and energy vectors with the ability to reduce CO2 emissions from the thermal combustion engines
of transport vehicles, the introduction of models for capturing, storing and using CO2 generated through hydrogen
production processes for use in transport vehicles, and the introduction of hydrogen distribution points for private road
mobility. The collaboration is also part of the H2iseO project implemented by FNM and Trenord, which aims to make
Sebino and Valcamonica the first Italian “Hydrogen Valley”, as well as to evaluate and implement a series of both long-
and short-term initiatives designed to help achieve the decarbonization targets for the transport sector as set out by the
European strategy and the Italian National Integrated Energy and Climate Plan.
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Eni (Italy) signs a Memorandum of Understanding on cooperation with Zhejiang
Energy
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42
Eni and Zhejiang Energy signed a Memorandum of Understanding (MoU) on strategic cooperation in the energy sector.
The MoU establishes a cooperation framework aimed at facilitating joint initiatives between Eni and Zhejiang Energy
across the gas and LNG value chain in China and internationally. The MoU builds on the companies’ shared goal of
promoting a reduction in emissions by favoring a switch from coal to gas in the production of electricity. The initiatives
identified in the MoU range from developing long term LNG supply agreement to joint participation in gas/LNG projects.
Using gas to produce electricity instead of coal reduces by as much as half the greenhouse gas emissions of a power plant,
providing an immediate step forward in decarbonizing the sector. For Eni, the MoU represents a further step in the energy
transition process. The company has recently launched a new strategy, which will lead the company to be carbon neutral
by 2050, in all its operations, processes and products. In the long term, gas – which will be increasingly decarbonized –
will represent more than 90% of Eni’s production.
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EQT (USA) Real Estate and Arco Lavori launch EUR 300m joint venture to deliver
grade-A senior care home facilities in Northern Italy
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43
EQT is pleased to announce that the EQT Real Estate II fund has launched a joint venture with AR.CO. Lavori S.C.C. a leading Italian
construction company with an established track record of delivering high-quality real estate assets in Italy including healthcare
facilities. The JV will focus on developing a portfolio of purpose-built, affordable grade-A senior care homes in Northern Italy that
will seek to provide the highest level of healthcare and quality living in the country. The JV launches having secured five initial sites
with the ability to provide an aggregate of 1,010 beds. The first two senior care homes are expected to be delivered by late 2022 and
in the beginning of 2023. It is intended that the JV will have an initial capacity to establish an investment portfolio with a total value
in excess of EUR 300 million. The JV’s five initial projects are located in the Lombardy and Emilia Romagna regions, which are
particularly in need of senior care facilities due to the supply-demand imbalance and low provision rate of care home beds for senior
citizens driven by Italy’s growing elderly population. Over the next ten years, the population group that is over 75 years of age is
expected to increase from 11.5 percent to 14.0 percent1. Completed facilities will be let to, and managed by, well-known, high quality
operators who will aim to bring a high standard of sustainability and safety to the healthcare home market.
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Gazprom (Russia) and Shell expanding cooperation
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44
Gazprom and Shell signed an Agreement of Strategic Cooperation for a five-year period. The signing ceremony was
held via a video link in the presence of Chairman of the Gazprom Management Committee, and Chief Executive
Officer of Royal Dutch Shell. The newly signed document expands the interaction between the two companies.
Particular attention will be given to such areas as research of energy markets, implementation of projects along the
entire value chain, cooperation in digitalization of technologies, and reduction of greenhouse gas emissions. Special
mention was made of the European energy sector decarbonization. It was noted that natural gas, due to its
eco-friendliness, can play a significant role in meeting Europe's climate goals.
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Halliburton (USA) and Optime Subsea Form Global Alliance
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45
Halliburton Company and Optime Subsea announced they formed a global strategic alliance to apply Optime’s
innovative Remotely Operated Controls System (ROCS) to Halliburton’s completion landing string services. The
companies will also collaborate and offer intervention and workover control system services leveraging Optime’s
Subsea Controls and Intervention Light System (SCILS) technology, a remote digital enabled system that compliments
Halliburton’s subsea intervention expertise. The alliance will provide umbilical-less operations and subsea controls for
deep water completions and interventions delivering increased operational efficiencies while minimizing safety risk
through a smaller offshore footprint. Halliburton will offer Optime’s innovative technologies as a service across its
global portfolio.
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Kinder morgan (USA): Colorado Energy Organizations Launch
First-of-its-Kind Responsibly Sourced Natural Gas Partnership
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46
A Colorado natural gas producer, an infrastructure operator and local municipal utility have entered into a first-of-its-kind Responsibly
Sourced Gas (RSG) pilot project with Project Canary, a Denver-based B-Corp focused on providing continuous emissions monitoring
data and technologies across the energy sector. The unique wellhead to burner-tip RSG pilot extends across the energy value chain – from
production, transportation and marketing of RSG – for consumer and community use locally in Colorado. The pilot project will consist
of the following: Colorado Springs Utilities, a municipal utility in one of the state’s largest and fastest growing regions, will purchase
certified RSG produced by Bayswater Exploration & Production, a Colorado-based oil and natural gas development company. The
certified RSG will be gathered and processed by Rimrock Energy Partners, a provider of midstream services in the DJ Basin, before being
delivered to Colorado Interstate Gas Company, a Kinder Morgan, Inc. subsidiary, which will transport the certified RSG to Colorado
Springs Utilities. As a member of the ONE Future Coalition, Kinder Morgan is part of a group of companies working to voluntarily
reduce methane emissions across the natural gas value chain to 1% or less by 2025. Project Canary will provide technologies, data
monitoring to measure methane emissions, and independent RSG certification.
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Innovative, sustainable technology developed by BASF and OMV (Austria):
New ISO C4 plant in Burghausen/Germany starts production
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47
With the commissioning of OMV´s new ISO C4 plant at the Burghausen site, the collaboration between the world’s largest chemical
company, BASF, and OMV, the international, integrated oil, gas and chemical company headquartered in Vienna, has reached a new
milestone. The plant is based on a novel technology developed jointly by the two companies and has been producing high-purity
isobutene since the end of 2020. The plant’s exceptional energy efficiency saves 20,000 metric tons of CO2 emissions per year. Up
to 80% of the heating energy required for the new process can be met by thermal discharge from an existing associated facility thanks
to a heat integration approach. The energy-efficient process for the production of isobutene, achieving up to 99.9 % purity, was
developed in cooperation between BASF and OMV and a worldwide patent application was filed jointly by the two companies. As a
global supplier of catalysts and licensor of petrochemicals technologies, BASF provides the catalyst and reaction concept that
intrinsically fulfils all process requirements by OMV. The new unit for the production of high-purity isobutene, which does not need
chemical conversion of isobutene, has been integrated into the existing metathesis plant at OMV’s Burghausen site.
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TechnipFMC (UK) and Bombora Form Strategic Partnership to Develop a
Floating Wave and Wind Power Project
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48
TechnipFMC a global leader in the energy industry, and Bombora, a leading wave energy technology company, have
formed a strategic partnership to develop a floating wave and wind power project in support of a more sustainable
future. The relationship brings together TechnipFMC’s unique technologies and experience delivering complex
integrated Engineering, Procurement, Construction and Installation (iEPCI™) projects offshore with Bombora’s
patented multi-megawatt mWave™ technology that converts wave energy into electricity. The partnership will initially
focus on TechnipFMC and Bombora’s InSPIRE project. With engineering work initiated in November 2020, the
partnership is developing a hybrid system utilizing Bombora’s mWave™ technology. The hybrid system demonstrator
will deliver 6 megawatts of combined floating wind and wave power, followed by Series 1 and Series 2 commercial
platforms which are expected to deliver 12 and 18 megawatts, respectively.
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Total (France) Partners with Shenergy Group to Jointly Market Lng In China
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49
Total and Shenergy Group, the leading energy player in Shanghai, have signed binding agreements for the supply of up
to 1.4 million tons per annum of Liquefied Natural Gas (LNG) from Total, as well as the creation of a joint venture to
expand LNG marketing in China. The joint venture (Total 49%, Shenergy Group 51%) will sell LNG, supplied by
Total, to customers in Shanghai and throughout the neighboring Yangtze River Delta regions, one of the main LNG
markets in China. Additionally, Total will supply LNG to Shanghai Gas, the natural gas subsidiary of Shenergy Group,
for its distribution business. The LNG supply to the JV and Shanghai gas distribution business will be sourced from
global LNG portfolio of Total through a long-term LNG Sale and Purchase agreement ramping up to 1.4 million tons
per annum for a term of twenty years. It will be delivered to Shenergy’s Chinese LNG terminals.
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Total (France) and Forêt Ressources Management To Plant A 40,000-Hectare
Forest In The Republic Of The Congo
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50
Total and Forêt Ressources Management have signed a partnership agreement with the Republic of the Congo to plant a
40,000-hectare forest on the Batéké Plateaux. The new forest will create a carbon sink that will sequester more than 10 million tons
of CO2 over 20 years, to be certified in accordance with the Verified Carbon Standard (VCS) and Climate, Community &
Biodiversity (CCB) standards. The project, financed by Total, includes agroforestry practices developed with the local communities
for agricultural production and sustainable wood energy. By 2040, responsible management through selective cutting (treatment of
forests which aims to imitate nature by mixing together several species of different age) will promote the natural regeneration of local
species and provide Brazzaville and Kinshasa with lumber and plywood. The project is designed to produce multiple social,
economic and environmental benefits. The planting of Acacia mangium and auriculiformis trees on sandy plateaux exposed to
recurring bushfires will create a forest environment that will ultimately help broaden the ecosystems’ biodiversity. The project will
create employment opportunities, with a positive impact on several thousand people. In addition, a local development fund will
support health, nutritional and educational initiatives to benefit neighboring villages.
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Total (France) and Microsoft Partner To Drive Digital Innovation And Net
Zero Goals
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51
Total and Microsoft announced that they have agreed to collaborate as strategic partners to further digital transformation and support progress
toward net-zero emissions. The dynamic development of Microsoft and Total in their respective areas of expertise and their rich histories of
innovation brings many concrete opportunities for collaboration over a multi-year timeframe:
• Total’s global presence and market knowledge can support Microsoft's sustainability objectives, including its 2025 target for renewable energy
and contribute to the energy efficiency and carbon footprint reduction efforts of its datacenters.
• Total will further leverage the cloud platforms of Microsoft. Total has decided to accelerate its IT transformation and leverage the power of
Azure for digital transformation projects and for Total Digital Factory. Total will broaden and enrich its existing modern workplace environment,
based on Microsoft Office 365 which will provide collaboration and productivity solutions for its employees and its operations. Total will also
explore the value of the Power Platform to automate business processes, reduce cost and allow easier access to data for its citizen developers.
• Explore and co-innovate on areas of collaboration around sustainability, further digital transformation and AI solutions accelerating the
transition to a net-zero economy, for example, the deployment of low-carbon and carbon-removal technologies.
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Valero (USA) and BlackRock Partner with Navigator to Announce
Large-Scale Carbon Capture and Storage Project
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52
Valero Energy Corporation and BlackRock Global Energy & Power Infrastructure Fund III announced that they are partnering with
Navigator Energy Services to develop an industrial scale carbon capture pipeline system. The initial phase is expected to span more
than 1,200 miles of new carbon dioxide gathering and transportation pipelines across five Midwest states with the capability of
permanently storing up to 5 million metric tonnes of carbon dioxide per year. Pending third party customer feedback, the system
could be expanded to transport and sequester up to 8 million metric tonnes of carbon dioxide per year. Valero, the largest renewable
fuels producer in North America, is expected to become an anchor shipper by securing a majority of the initial available system
capacity. Navigator is expected to lead the construction and operations of the system and anticipates operations to begin late 2024. In
the coming months, Navigator will seek additional commitments to utilize the remaining capacity via a binding open season process.
The CCS project seeks to provide biorefineries and other industrial participants a long-term, economic path to materially reduce their
carbon footprint while maximizing the value of their end-product in a cost-effective manner that is safe for the environment.
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Petrobras (Brazil) signs agreement with Amazonas Energia
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53
Petrobras informs that it has signed, together with its indirect subsidiaries Breitener Tambaqui SA and Breitener Jaraqui SA, a judicial
agreement to receive amounts litigated by Amazonas Energia S / A (debtor) and Centrais Elétricas Brasileiras SA - Eletrobras. Also, part of
the agreement is the payment by Amazonas Energia to Petrobras of past due amounts due from thermal contracts. The agreement involves the
recovery of credit by Breitener Tambaqui and Breitener Jaraqui, against Amazonas Energia, in the approximate amount of R $ 436 million,
updated until 01/18/2021, referring to 7 lawsuits, which will be suspended until settlement negotiated credits. The amount transacted will be
settled by the debtor in 60 installments, calculated by the constant amortization system - SAC, updated based on 124.75% of the CDI, from
1/18/2021 until its full settlement. The agreement also included the recovery of Petrobras' credit, in the amount of approximately R $ 3.2
million related to a billing issued in September 2019, which will be settled by Amazonas Energia in cash, within 15 days, counting from the
signing of the agreement. wake up. The signing of the agreement will generate a positive effect on Petrobras' consolidated results in the second
quarter of 2021 of R $ 328 million, net of tax effects. Information regarding amounts receivable from related parties, which includes
receivables from the Eletrobras group, are presented in notes 14.1 to Petrobras' financial statements for 2020.
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Repsol (Spain) and Microsoft expand collaboration to accelerate digital
innovation and energy transition
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54
Repsol and Microsoft Corp. have renewed their strategic collaboration focused on accelerating Repsol’s digital transformation and the global
energy transition. The companies will co-innovate to build new AI-powered digital solutions, and as part of a long-term cooperation, Repsol will
provide Microsoft with renewable energy in Europe, including Spain. Additionally, Repsol will expand its use of Microsoft cloud solutions to
power its operations, including recommitting to the Azure cloud platform. Teams from both companies will bring together their deep expertise in
the energy sector and digital technologies such as AI, IoT and edge to explore collaboration on and development of various initiatives that will help
accelerate industry transformation. Initial focus areas include the use of disruptive technologies to enable autonomous systems and efficient
operations, improve productivity and safety for employees, and support the development of advanced energy solutions such as biofuels, energy
storage and more. As part of the collaboration, Repsol will provide a long-term supply of renewable wind and solar power to Microsoft operations
in Europe, including Spain. Microsoft and Repsol share similar ambitions around the importance of reducing carbon emissions. Microsoft
announced that it will source 100 percent of its energy supply from renewable energy by 2025, and Repsol – as the first company in its sector to
announce the target to become a net zero emissions company by 2050 – has a goal of having a generation capacity of 7.5 GW by 2025 and 15 GW
in 2030.
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Schlumberger (USA) and Microsoft Expand Partnership to Bring Open,
Enterprise-Scale Data Management to the Energy Industry
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55
Schlumberger and Microsoft announced an expanded strategic partnership to accelerate new technologies for the energy industry. The
first offering, the Schlumberger Enterprise Data Management Solution for the OSDU Data Platform—a new industry standard for
energy data—is available. Energy companies will now benefit from an OSDU-compliant solution, and the ability to seamlessly
connect to the DELFI cognitive E&P environment from Schlumberger. The Enterprise Data Management Solution is ready for global
customers to deploy on Microsoft Azure, Schlumberger’s preferred global public cloud platform for OSDU-compatible solutions.
The companies’ mutual contributions to the first commercial release of the OSDU Data Platform establish the foundation of the
Schlumberger Enterprise Data Management Solution. Through this partnership they will enhance the Enterprise Data Management
Solution, tighten integration with OSDU and develop new scalable data ingestion capabilities, unified AI templates and domain
services. These new joint solutions will be built using industry focused cloud, data and AI innovations and domain expertise from
Microsoft and Schlumberger. The companies will work together to bring these new products to market, including sales, service and
support.
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Marathon Petroleum (USA) Donation Funds Emergency Operations Center
in North Dakota
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56
Marathon Petroleum’s MPLX Northern Great Plains logistics group made a donation to McKenzie County Emergency
Management in North Dakota to fully fund a full-scale Mobile Emergency Operations Center (MEOC). The trailer acts
as a central command and control facility on wheels, allowing multiple emergency response agencies to effectively
communicate with one another, in real time, and to maximize resources when responding to catastrophic accidents or
disasters. The grant was made possible through the Marathon Petroleum Foundation, which focuses its community
investments on areas where it can make a positive, measurable impact, including public safety.
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Galp starts building its first large-scale solar PV project in Portugal
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57
Galp has awarded the construction of its first large-scale photovoltaic solar energy project in Portugal, in the Municipality
of Alcoutim, to the consortium formed by Jayme da Costa and Visabeira, thus opening a new front in its process of
transformation into an increasingly more sustainable company. The project, with a total expected installed power of 144
megawatts, comprises four photovoltaic plants that extend over an area of 250 hectares. The estimated annual production
capacity is 250,000 megawatt-hours of electricity, enough to supply more than 80,000 families and avoid the emission of
75,000 tons of CO2 per year. The scope of the work attributed to the Jayme da Costa consortium, a Portuguese energy
solutions company, comprises all the electrical, mechanical, and civil works of the four photovoltaic plants, excluding the
supply of the photovoltaic panels. The Visabeira group will execute all civil construction works. The construction work
should start in April and the first electrons should start being produced in the first quarter of next year.
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Gazprom (Russia) reduces greenhouse gas emissions and saves 3.92 million
tons of fuel equivalent on fuel and energy in 2020
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58
The Gazprom Board of Directors approved the Company's ongoing efforts for environmental protection, energy efficiency
enhancement, reduction of greenhouse gas emissions, and development and implementation of methane emission
abatement projects. It was noted that Gazprom has been working consistently for many years to reduce its environmental
impacts and increase energy efficiency, following the principles of natural resource management and compliance with
Russian environmental legislation and the Company's voluntary commitments. Gazprom implemented the planned
environmental protection measures and achieved its corporate environmental targets. Special attention, as before, was paid
to energy saving and energy efficiency. A relevant program for the period from 2020 to 2022 is in effect at the Company.
In 2020, Gazprom saved 3.92 million tons of fuel equivalent on fuel and energy, including 3.27 billion cubic meters of
natural gas, 305.86 million kWh of electricity, and 251,920 Gcal of heat, thereby surpassing the planned target by 8 per
cent. The overall value of the saved fuel and energy resources totaled RUB 13.77 billion.
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HPCL (India) joins hands to boost World’s Largest Covid Vaccination Drive
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59
HPCL, a responsible Corporate Citizen, is contributing to boost World’s Largest Covid Vaccination Drive in India. HPCL is aiding the
Vaccination drive of India by supplementing the available Cold Chain Equipment infrastructure by providing equipment for storage and
transportation of vaccines at four states/UT. HPCL supplemented cold chain equipment requirements across Punjab, Chandigarh, Rajasthan
and Maharashtra by delivering: 126 Ice-lined refrigerator (ILR-Small & Large), 97 Deep freezer (DF-Small & Large), 1 Walk-in-freezer
(WIF) and 2 Refrigerated trucks (RT) to the respective State Health Departments. HPCL through its various channels of internal and external
communication is also inspiring its employees and customers who are eligible for Vaccination to get vaccinated at the earliest to contribute to
the success of the World's largest Vaccination drive. HPCL supported the fight against COVID-19 pandemic through contribution to PM
CARES fund, and undertaking other relief measures like distribution of food packets, masks, sanitizers and soaps, Personal Protective
Equipment (PPE) kits, hygiene kits and ration materials to less-privileged people especially migrant workers and remote rural population.
Support was also extended to District Administration, Municipal Corporation, Police Personnel, Hospital Administration, Sanitation workers,
Disaster Management authorities etc. by providing masks, sanitizers, relief materials and other objects.
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INPEX (Japan) Makes Donations Associated with Shareholder Benefit Program
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60
INPEX CORPORATION announced that it has donated 822,550 yen each to the Keidanren Nature Conservation Fund and the
Japanese Red Cross Society's Great East Japan Earthquake relief fund. The donations are part of INPEX's corporate social
responsibility initiatives and are based on a policy to donate five percent of the total monetary value of QUO cards presented to
eligible shareholders as part of the shareholder benefit program announced in October 2019. Under the policy, donations are
directed to organizations contributing to society in support of a wide range of efforts including nature conservation and disaster
relief. Accordingly, the Keidanren Nature Conservation Fund and the Japanese Red Cross Society's Great East Japan Earthquake
relief fund were selected as recipients of the donations associated with the benefits issued to shareholders eligible as of December
31, 2020. The shareholder benefit program has been introduced to express INPEX's gratitude for the continuous support of its
shareholders and to enhance the appeal of INPEX shares with the aim of increasing the number of INPEX shareholders over the
medium- to long-term. The shareholder benefits take the form of QUO cards featuring exclusive INPEX designs.
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Kinder Morgan (USA) Announces Formation of New Energy Transition
Ventures Group
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61
Kinder Morgan, Inc. announced that it has formed a new Energy Transition Ventures group within Kinder Morgan to
identify, analyze and pursue commercial opportunities emerging from the low-carbon energy transition. The group, led
by President of Energy Transition Ventures and CO2, and Vice President of Energy Transition Ventures, will focus on
broadening Kinder Morgan’s reach beyond the low-carbon energy initiatives currently in development by KMI’s
business units. The team consists of a group of in-house financial, commercial and engineering talent that will focus on
analyzing and quantifying opportunities for additional assets and service offerings tailored to the ongoing energy
transition. They will focus on customer outreach and business development activities in pursuit of those new ventures,
which may include services like carbon capture and sequestration, renewable natural gas capture, hydrogen production,
renewable power generation, electric transmission and renewable diesel production.
Description
Environment & Social Updates
IT Shades
Engage & Enable
Companies unite to donate 3.4 million intubation drugs to Brazil
For any queries, Please write to marketing@itshades.com
62
In view of the upsurge in the Covid-19 pandemic in Brazil and the consequent shortage of inputs for patient care in
ICUs, a group of companies came together to donate 3.4 million medications for intubation to the Ministry of Health,
enough for the management of 500 beds for a period of one and a half months. This solidarity action, on an emergency
basis, has the engagement and support of Engie, Itaú Unibanco, Klabin, Petrobras and Raízen, in addition to Vale,
which initiated this action two weeks ago. The pool of companies, led by their presidents, has already mobilized and
started to import sedatives, muscle neuroblocks and opioid analgesics from China - basic inputs for intubation. The
arrival of the first batch is scheduled for next week, starting on April 15th. The items are certified by Anvisa, in addition
to the Chinese agency, and will be fully donated to the federal government, which will also take care of the distribution
by the States through SUS - Unified Health System.
Description
I-Byte Energy April 2021
I-Byte Energy April 2021
I-Byte Energy April 2021
I-Byte Energy April 2021
I-Byte Energy April 2021
I-Byte Energy April 2021

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I-Byte Energy April 2021

  • 1. IT Shades Engage & Enable I-Bytes Energy April Edition 2021 Email us - marketing@itshades.com Website : www.itshades.com
  • 2. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com About Us Who We are Aim of this I-Byte Reasons to talk to us ITShades.com has been founded with singular aim of engaging and enabling the best and brightest of businesses, professionals and students with opportunities, learnings, best practices, collaboration and innovation from IT industry. This document brings together a set of latest data points and publicly available information relevant for Energy Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely. 1. Publishing of your company’s solutions/ announcements in this document. 2. Subscribe to this and other periodic publications i.e. I-Bytes, Solution Letters from ITShades.com. 3. For placement of your company's click-able logo and advertisements. 4. Feedback for us to improve the content and format of these periodic publications.
  • 3. IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries Sponsoring Companies for this Edition LOGO 1 LOGO 2 LOGO 3 LOGO 4 LOGO 5
  • 4. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolore eu feugiat nulla facili- sis at vero eros et accumsan et iusto odio dignissim qui blandit praesent luptatum zzril delenit augue duis dolore te feugait nulla facilisi. Lorem ipsum dolor sit amet, cons ectetuer adipiscing elit, sed diam nonummy nibh euismod IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com Table of Contents 1. Financial, M & A Updates...................................................................................................................................1 2. Solution Updates.................................................................................................................................................18 3. Rewards and Recognition Updates...................................................................................................................31 4. Customer Success Updates................................................................................................................................32 5. Partnership Ecosystem Updates.......................................................................................................................40 6. Environmental & Social Updates.....................................................................................................................56 7. Miscellaneous Updates......................................................................................................................................64
  • 5. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com Financial, M & A Updates Energy Industry
  • 6. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable Chevron (USA) and Hokkaido Gas Co., Ltd. Sign LNG Agreement Chevron Corporation announced its wholly-owned subsidiary Chevron U.S.A. Inc. has signed a binding Sale and Purchase Agreement (SPA) with Hokkaido Gas Co., Ltd. for the delivery of liquefied natural gas (LNG) from Chevron’s global LNG portfolio to the Hokkaido area. Under the agreement, CUSA will supply Hokkaido Gas with about a half million tons of LNG over a period of five years starting April 2022. Hokkaido Gas is an integrated energy company located in Sapporo, Japan which provides city gas, electricity and other high value-added energy services in Hokkaido region. Chevron Corporation is one of the world's leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company's operations. Executive Commentary “We are delighted to design and execute a Sales and Purchase Agreement (SPA) with our new partner Hokkaido Gas that will bring Chevron LNG directly to Hokkaido, a key growth area. It broadens our customer base in Japan, a market that is foundational to our LNG business. This new SPA represents Chevron’s commitment to collaborate with Hokkaido Gas in diversifying energy solutions and advancing a lower carbon future in the Hokkaido area,” said President of Chevron Global Gas, a division of CUSA. For any queries, Please write to marketing@itshades.com Description 1
  • 7. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable Diamondback Energy, Inc. (USA) Completes Acquisition of QEP Resources, Inc. Diamondback Energy, Inc. announced that it has completed its previously announced acquisition of QEP Resources, Inc. in an all-stock merger following approval of the merger and related proposals by the QEP stockholders at their special meeting held on March 16, 2021. QEP reported the results of its stockholder vote at the special meeting on its Form 8-K with the Securities and Exchange Commission on March 16, 2021. As previously announced, in the merger, QEP stockholders will receive 0.05 of a share of Diamondback common stock for each share of QEP common stock issued and outstanding immediately prior to the effective time of the merger, with cash to be received in lieu of any fractional shares. As a result of the merger, QEP common stock will no longer be listed for trading on NYSE and its reporting obligations under the Securities Exchange Act of 1934 will be suspended. Executive Commentary “We are excited to announce that we have completed our acquisition of QEP. This deal, along with our recently completed acquisition of certain assets from Guidon Operating LLC (the “Guidon acquisition”) bolsters our depth of Tier 1 Midland Basin inventory and positions us to allocate a majority of our capital to the high-returning Midland Basin for the foreseeable future. We look forward to updating the market on our progress on synergy capture and laying out the pro forma operating plan for 2021 as soon as practicable,” stated Chief Executive Officer of Diamondback. For any queries, Please write to marketing@itshades.com Description 2
  • 8. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable Eni (Italy) acquires FRI-EL Biogas Holding, a leading national producer biogas Eni’s subsidiary Ecofuel, the company responsible for managing Eni’s investments in the circular economy, and FRI-EL Greenpower, a Gostner family holding, leader in the sectors of electricity production from renewable sources, have reached an agreement for Eni to acquire the FRI-EL Biogas Holding company, a leader in the Italian biogas production sector. FRI-EL Biogas Holding owns 21 plants generating electricity from biogas and a plant for processing OFMSW - the organic fraction of municipal solid waste - which Eni intends to convert to produce biomethane, which when fully operational, will supply over 50 million cubic meters per year to the network. This acquisition sees Eni strengthening its growth in the circular economy, laying the foundations to become the first producer of biomethane in Italy. The deal is part of Eni's broader decarbonization strategy, which has the goal to eliminate all emissions from industrial processes and products by 2050. It is one of the levers for rapid growth in renewables production, which is aimed at providing customers with a growing share of green and bio products (liquid biofuels and biomethane), and will be integrated with the increase in Eni service stations supplying CNG and LNG to the Italian network. Executive Commentary Eni's CEO, said “With this deal, we have laid the foundations for strong growth in the biomethane sector, which will be distributed in Eni’s service stations, both as compressed natural gas and as liquefied natural gas. This is a strategic business area for us on the path to completely eliminating our emissions, and represents a significant contribution to decarbonizing transport and our ability to offer sustainable products to our customers. It provides a new and significant level of substance to continue on the path outlined in our strategy”. For any queries, Please write to marketing@itshades.com Description 3
  • 9. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable EQT (USA) Private Equity closes acquisition of Chr. Hansen’s Natural Colors division EQT Private Equity announced its intention to acquire the Natural Colors division of Chr. Hansen the leading global developer and manufacturer of natural coloring ingredients for food and beverages. EQT is hereby pleased to confirm that the closing of the transaction was completed on 31 March 2021. Executive Commentary Incoming Chair of Natural Colors, stated, “I am very pleased to be joining the board of Natural Colors as Chair to support the company and EQT in the future value creation. Having known the Natural Colors business and several members of the team for many years, I am confident that it has great potential to further solidify its leading position within natural color solutions. The company is supported by all the right market trends, including increased consumer demand for natural ingredients, and it has a remarkable heritage with 140 years of experience, which we intend to build on.” For any queries, Please write to marketing@itshades.com Description 4
  • 10. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable Equinor (Norway): Awarding framework agreements for 4D towed streamer seismic acquisition offshore Norway Equinor has awarded PGS and Shearwater GeoServices framework agreements for 4D towed streamer seismic acquisition on the Norwegian continental shelf (NCS). The agreements have a total estimated value of around NOK 700 million. PGS and Shearwater have been awarded generic framework agreements covering 4D seismic services on the NCS for a firm period of two years starting in 2021. The agreements include two two-year options and can also be applied for the UK continental shelf. PGS has also been awarded a specific framework agreement for 4D seismic services at the Gullfaks field. The agreement comprises an exclusive right to acquire up to three surveys prior to 2031. Executive Commentary “4D seismic gives us better data to map remaining oil and gas resources as the reservoirs are being produced. These contracts will help us optimize the reservoir drainage and place new wells, and thereby achieve our ambition of recovering 60 percent of oil and 85 percent of gas on the NCS,” says vice president of petroleum technology operations in Equinor. For any queries, Please write to marketing@itshades.com Description 5
  • 11. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable Hess (USA) Announces Sale of Non-Strategic Interests in Bakken Acreage Hess announced that it has entered into an agreement to sell its Little Knife and Murphy Creek acreage interests in the Bakken in North Dakota to Enerplus Corporation for a total consideration of $312 million, effective March 1, 2021. The sale consists of approximately 78,700 net acres, which are located in the southernmost portion of Hess’ Bakken position and not connected to Hess Midstream infrastructure. Net production from this acreage averaged 4,500 barrels of oil equivalent per day net to Hess in the first quarter of 2021. Executive Commentary “The Bakken is a core asset in our company’s portfolio,” CEO said. “Sale of the Little Knife and Murphy Creek acreage – the majority of which we were not planning to drill before 2026 – brings material value forward and further strengthens our cash and liquidity position.” For any queries, Please write to marketing@itshades.com Description 6
  • 12. Lore Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable HPCL (India) acquires balance 50% stake in Chhara LNG Terminal Hindustan Petroleum Corporation Limited (HPCL) has acquired the balance 50% equity stake in ‘HPCL Shapoorji Energy Private Limited (HSEPL)’ from M/s S P Ports Pvt Ltd on 30th March 2021. Post-acquisition, HPCL’s stake in HSEPL gets enhanced to 100%, making HSEPL a wholly owned subsidiary of HPCL. HSEPL is constructing a 5 MMTPA Liquified Natural Gas (LNG) Terminal at Chhara, Gujarat at a project cost of about Rs 4300 crore which is likely to be completed by end of calendar year 2022. The Terminal will have all facilities for receipt of LNG through ocean going tankers, marine unloading, storage, LNG Road Tanker loading, regasification, and supply of regasified LNG to the gas grid. The project is further expandable to a capacity of 10 MMTPA in future. The acquisition is in line with overall future strategy of HPCL to diversify its product portfolio and is an important step in the direction of having a strong presence in the total Natural Gas value chain. Percentage of Natural Gas in the overall energy basket of India is expected to grow from 6% at present to 15% by 2030 which makes it one of the important growth drivers in future. HPCL, along with its joint venture companies, has presence in CGD business in 20 Geographical Areas (GA) in 34 districts covering 9 states in the country. HPCL on its own operates 674 CNG stations as on date which it plans to expand further. It is also foraying into setting up of LNG dispensing stations. These, together with the focus on enhanced use of Natural Gas in refineries of HPCL and its joint ventures/subsidiaries add to the strategic value of the acquisition. For any queries, Please write to marketing@itshades.com Description 7
  • 13. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable Mol (Hungary) Group Acquires Retail Assets In Slovakia And Hungary, In Line With Its Updated Long-Term Strategy MOL Group announces the acquisition of 100% of Normbenz Slovakia s.r.o. by Slovnaft that includes 16 service stations in Slovakia operated under the Lukoil brand. MOL has also concluded a deal with Marché International AG to buy the company that operates 9 restaurants in Hungary under the Marché brand. The agreements fit the Group’s “SHAPE TOMORROW” 2030+ updated long-term strategy, which lays special emphasis on the development of Consumer Services. The acquisition of 100% of Normbenz Slovakia s.r.o. includes 16 Lukoil branded fuel retail stations in Slovakia with a countrywide coverage. The stations provide good complement for Slovnaft’s network in the country, which currently consists of 254 service stations. The network will continue to operate under the Slovnaft brand. Slovnaft’s intention is to introduce the Fresh Corner concept after the takeover, with premium gastro products and other services that are already offered in the Slovnaft network. The transaction is subject to competition clearance by the Antimonopoly Office of the Slovak Republic. Seven of the acquired nine restaurants of Marché International have been integral parts of the MOL service stations for over 10 years. With their freshness and à la minute preparation concept, the restaurants and their employees provide premium quality on the European market. Over the years MOL has gained regional experience and expertise, and as a result the company can now operate the restaurants as part of its own business, with the intention to include them into the Fresh Corner concept. The acquisition is subject to the approval of the Hungarian Competition Authority. Executive Commentary “Further develop the food and convenience offers and network expansion is both part of our updated strategy and serves our aim to become regional leader in fuel and convenience retailing. In order to reach that, we seek new opportunities with a new determination. Welcoming the 16 new service stations in Slovakia gives us the opportunity to expand our presence in the country and to introduce our existing Fresh Corner concept throughout the new Slovnaft stations. The acquisition of the company operating Marché restaurants in Hungary creates new perspectives for MOL as well, as it can take its gastro offer to a whole new level and reach a wider audience with its retail services.” - said Executive Vice President for Consumer Services of MOL Group. For any queries, Please write to marketing@itshades.com Description 8
  • 14. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable Ørsted (Denmark) brings in Norges Bank Investment Management as a partner in Borssele 1 & 2 Ørsted has signed an agreement with Norges Bank Investment Management (NBIM), who will be acquiring a 50 % ownership share of Ørsted's 752 MW Borssele 1 & 2 Offshore Wind Farm, which was commissioned in the fourth quarter of 2020 and generates green power to the equivalent of one million households' annual power consumption in the Netherlands. The total value of the transaction is approx. EUR 1.375 billion (approx. DKK 10.2 billion) which is to be paid upon closing of the transaction. Closing is expected around summer 2021. As part of the agreement, Ørsted will continue to provide long-term operations and maintenance (O&M) services from its O&M base at the Port of Vlissingen in the Netherlands. Furthermore, Ørsted will provide NBIM with balancing services and a long-term route to market for the renewable electricity generated by Borssele 1 & 2. Executive Commentary Chief Commercial Officer and Deputy Group CEO of Ørsted, says: "As one of the world's largest institutional investors, Norges Bank Investment Management is making a difference by making sustainable investments. We're delighted to welcome NBIM as partner on Borssele 1 & 2, which is a landmark project for the Netherlands' transition to renewable energy, and we're pleased to support NBIM in their strategy to invest in renewable energy infrastructure assets." For any queries, Please write to marketing@itshades.com Description 9
  • 15. Lore Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable TATNEFT (Russia) and the RF Ministry of Energy signed an investment agreement on the development of deep oil refining The TATNEFT Company and the RF Ministry of Energy signed an investment agreement on the creation of new production facilities at the TANECO Refinery and Petrochemical Plants Complex in Nizhnekamsk. The agreement, concluded for the period until January 1, 2031, provides for the construction by the end of 2026 of 4 process units with a total investment of more than 50 billion rubles, including delayed coking units, catalytic cracking units, heavy residue hydroconversion and isodewaxing diesel fuel. These units will increase the depth of oil refining at the TATNEFT refinery complex and ensure the production of high-quality and highly environmentally friendly products: Euro-6 gasoline, Arctic diesel fuel that meets Euro-6 requirements and more stringent environmental specifications of Scandinavian countries. For the implementation of these projects, in accordance with the signed Agreement, an investment premium will be received to the returnable excise tax on crude oil. For any queries, Please write to marketing@itshades.com Description 10
  • 16. Lore Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable Petrobras (Brazil) expands investments in northern Brazil Petrobras has signed agreements with the company BP Energy do Brasil Ltda (BP) to assume the full shareholding of BP in six blocks, located in ultra-deep waters in northern Brazil, approximately 120 km from the state of Amapá, on a high-level exploratory frontier. potential in the Brazilian equatorial margin. The six blocks of the agreements are: FZA-M-57, FZA-M-59, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127, which were acquired by consortia in the 11th Bidding Round for Blocks by the National Petroleum, Natural Gas and Biofuels Agency (ANP), which took place in 2013. The blocks FZA-M-57, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127 belong to Petrobras (30%), Total (40%) and BP (30%). Petrobras had already signed an agreement to assume the operation and the full participation of Total in these contracts, subject to ANP approval, as disclosed to the market on September 28, 2020. Block FZA-M-59 belongs to the consortium involving Petrobras, with a 30% stake and operator, and BP (70%). The agreement with BP will allow Petrobras to hold a 100% interest in these six blocks. The completion of the transaction is still subject to the approval of Organs regulatory bodies. For any queries, Please write to marketing@itshades.com Description 11
  • 17. Lore Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable Petrobras (Brazil) signs contract for the sale of the RLAM refinery Petrobras, in continuation of the statement released (3/24), informs that it has signed with MC Brazil Downstream Participações, a company of the Mubadala Capital group, a contract to sell the shares of the company that will hold the Landulpho Alves Refinery (RLAM) and its associated logistics assets, in the state of Bahia, for the amount of US $ 1.65 billion. As disclosed, the contract provides for adjustments in the sale value due to changes in working capital, net debt and investments until the closing of the transaction, and that the transaction is subject to the fulfillment of precedent conditions, such as approval by the Board of Directors of Economic Defense (CADE). Until the fulfillment of the precedent conditions and the closing of the transaction, Petrobras will normally maintain the operation of the refinery and all associated assets. After the closing, Petrobras will continue to support Mubadala Capital in RLAM's operations during a transition period. This will happen under a service provision agreement, avoiding any operational interruption. Petrobras and Mubadala Capital reaffirm the strict commitment to operational safety at RLAM at all stages of the operation. For any queries, Please write to marketing@itshades.com Description 12
  • 18. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable Pioneer Natural Resources (USA) Announces Bolt-On Acquisition of DoublePoint Energy in the Midland Basin Pioneer Natural Resources Company announced that it has entered into a definitive purchase agreement to acquire the leasehold interests and related assets of DoublePoint Energy (DoublePoint) in a transaction valued at approximately $6.4 billion as of April 1, 2021, comprised of approximately 27.2 million shares of Pioneer common stock, $1 billion of cash and the assumption of approximately $0.9 billion of debt and liabilities. Executive Commentary Pioneer’s CEO stated, “DoublePoint has amassed an impressive, high quality footprint in the Midland Basin, comprised of tier one acreage adjacent to Pioneer’s leading position. We are pleased with their decision to become long-term partners with Pioneer in a transaction that will complement our unmatched position in the core of the Permian Basin. Pioneer will incorporate these assets into our investment model, migrating the assets from significant production growth to a free cash flow model, moderating growth for the U.S. shale industry and generating significant value for our shareholders.” For any queries, Please write to marketing@itshades.com Description 13
  • 19. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable PKN ORLEN (Poland) has finalized the acquisition of OTP PKN ORLEN has acquired 100 percent. shares of the OTP transport company, the largest road carrier of liquid fuels in Poland. The transaction will enable dynamic development and optimization of logistics processes. The reconstruction of own transport capacity within the Group's structures and the planned centralization of road logistics management will also favorably translate into the results of the ORLEN Capital Group. In this way, the Concern will definitely strengthen its position on the road transport market. The acquisition of an experienced entity with high competences in the field of road transport was preceded by a thorough analysis of the transport industry and its changes in recent years. The OTP company was founded on the assets of ORLEN Transport, the sale of which to the Trans Polonia Group was decided in 2015. Executive Commentary “We are investing in the development of areas that will strengthen the ORLEN Group's position and translate into profit growth in the long term. The purchase of the OTP company and the centralization of transport competences will allow for savings of up to PLN 25 million per year. That is why we decided to regain prospective transport assets, the sale of which was made in 2015. The adopted development direction also creates space for cooperation with the Polish transport industry. Central management of road logistics additionally requires building a strong and stable portfolio of external companies, which will reliably and cost-effectively supplement transport for the ORLEN Group” said President of the PKN ORLEN Management Board. For any queries, Please write to marketing@itshades.com Description 14
  • 20. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable PKN ORLEN (Poland) obtained the consent of the Office of Competition and Consumer Protection for the acquisition of onshore wind farms Operating in Pomerania, with a total capacity of approx. 90 MW. Thus, the only condition precedent to the transaction with Spanish investment funds was met. After the finalization of the transaction planned for April, the ORLEN Group will have 353 MW of installed wind power in Poland, becoming the fourth largest player on this market. The transaction includes the purchase of three wind farms located in Kobylnica (41.4 MW), Subkowy (8 MW) and Nowotna (40 MW) in the Pomeranian Voivodeship. All farms are covered by the green certificate support system and are in the area of Energa Operator's operations. Their total electricity production is around 280 GWh per year. On the basis of the currently concluded contracts, wind farms are guaranteed to receive the produced energy in the perspective of one to ten years. After the acquisition, the ORLEN Group will have energy assets with a total capacity of 3.3 GW, including 642 MW in zero-emission sources. They will include 58 power plants producing energy from renewable sources, including mainly hydropower plants, photovoltaic farms and onshore wind farms. The wind energy segment will consist of 10 wind farms with a total installed capacity of 353 MW. Moreover, the ORLEN Group has two modern steam and gas units in Płock and Włocławek. The concern also has an extensive network of transmission lines with a total length of approx. 200 thousand kilometers, which ensures constant energy supplies to approx. 3 million recipients. Executive Commentary “AgreedUOKiK for the takeover of onshore wind farms by PKN ORLEN is an important step in building a modern multi-energy concern, with a strong energy segment based on clean generation sources. In the ORLEN2030 strategy, we announced that we intend to achieve 2.5 GW in renewable energy within a decade and we are consistently implementing this plan. It is a response not only to regulatory issues, but also to the expectations of our customers and shareholders.” said President of the Management Board of PKN ORLEN. For any queries, Please write to marketing@itshades.com Description 15
  • 21. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable The President of UOKiK will consider PKN ORLEN's (Poland) application to acquire PGNiG European Commission decision, PKN ORLEN's request for permission to examine the acquisition of PGNiG President of the Office of Competition and Consumer Protection. The transfer of the competence to assess the transaction to the Polish institution results from the fact that the planned concentration will not have significant effects on competition outside Poland, and the President of the Office of Competition and Consumer Protection has been recognized as the most competent authority to assess such effects on the domestic market. Therefore, PKN ORLEN plans to notify the President of the Office of Competition and Consumer Protection of the intention of concentration within a few weeks. The acquisition of PGNiG will be the next step for PKN ORLEN, after the acquisition of Energa and the consent of the European Commission to the merger with LOTOS, in building a strong Polish company with diversified revenues and a significant position on the European market. As a result of the integration of the assets of PKN ORLEN, Energa, LOTOS and PGNiG, the total annual revenues of the new concern would amount to approx. PLN 200 billion. The operating profit EBITDA of the key segments would reach approx. Executive Commentary “This is our great success. The EC's decision is an important step towards obtaining approval for the merger of PKN ORLEN and PGNiG. This is very important in the context of building a strong multi-energy concern, which will be a significant entity on the competitive European market. A strong financial position will also be of key importance to provide capital for investments, including new gas blocks or offshore wind energy. That is why we implement important investments and acquisition processes and assume the leading position in this project. The merger of PKN ORLEN with PGNiG and Lotos is a huge and only development opportunity for companies, their shareholders, but also employees and customers.” Says President of the Management Board of PKN ORLEN. For any queries, Please write to marketing@itshades.com Description 16
  • 22. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable Suncor Energy (Canada) invests in carbon capture technology company Svante Suncor and Svante Inc. announced an equity financing agreement which provides Svante with the additional growth capital to accelerate the commercialization of Svante’s novel second generation CO2 capture technology in North America for the decarbonization of industrial emissions and hydrogen production. Combined, Suncor and a number of family office investors have invested $25 million USD of equity financing, bringing the total proceeds raised under Svante’s Series D financing to $100 million USD, up from $75 million as announced on February 2nd, 2021, and completing the largest single private investment into point source carbon capture technology globally to date. This final closing of the Series D financing includes Canadian energy company, Suncor Energy, and Carbon Direct SPV I LLC. Existing investors Temasek, Chart Industries, Carbon Direct, OGCI Climate Investments, BDC Cleantech Practice, Chevron Technology Ventures, The Roda Group, Chrysalix Venture Capital and Export Development Canada (EDC) also participated in the Series D round, reflecting strong on-going support for the Company, including its market strategy and recent progress. Svante has now attracted more than $175 million USD in total funding since it was founded in 2007 to develop and commercialize its breakthrough solid sorbent technology at half the capital cost of traditional engineered solutions. Executive Commentary “Svante has generated a pipeline of potential new project opportunities capturing over 40 million tonnes of CO2 per year before 2030 from natural gas industrial boilers, cement and lime, and blue hydrogen industrial facilities, mainly in North America and spurred by both US and Canada federal CO2 tax credits and prices on CO2 emissions. The net-zero pledges of major countries and large corporations is also a key driver for the interest and rapid growth of the carbon capture and storage new industry,” said President & CEO of Svante Inc. “We strive to create world-changing solutions that address climate change and accelerate the global transition to carbon neutrality, reversing human impact on the climate and building a commercially viable CO2 marketplace.” For any queries, Please write to marketing@itshades.com Description 17
  • 23. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com Solutions Updates Energy Industry
  • 24. Lorem ipsum dolor sit amet, consec- tetuer adipisc- ing elit, sed diam nonum- my nibh euis- mod tincid- unt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable Volkswagen Group and bp (UK) to join forces to expand ultra-fast electric vehicle charging across Europe For any queries, Please write to marketing@itshades.com 18 Solution Description Volkswagen and bp announced they intend to work together on extending and speeding up the deployment of ultra-fast electric vehicle (EV) charging facilities at bp retail sites across the UK, Germany and elsewhere in Europe. Extensive ultra-fast charging networks are seen by both companies as essential to accelerate the adoption of electric vehicles. The companies signed a memorandum of understanding for their collaboration and intend to finalize agreements in coming months. This would bring together two leading global players in mobility to develop a network of ultra-fast chargers at convenient and high-quality locations – bp sites, and Aral sites in Germany. The partnership should give EV drivers greater confidence in being able to access nearby, reliable, quality charging options. bp estimates approximately 90% of people in the UK and Germany live within a 20-minute drive of a bp or Aral site. The agreement would also make bp the Volkswagen Group’s EV charging partner, with the integration of bp’s charging network into VW Group vehicles to make finding and paying for charging fast and simple. The network would also be available for other EV customers as part of the bp pulse network (Aral pulse in Germany), improving access to ultra-fast charging for EV drivers more widely.
  • 25. Lorem ipsum dolor sit amet, consec- tetuer adipisc- ing elit, sed diam nonum- my nibh euis- mod tincid- unt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable Eni (Italy): Versalis to launch new product for food packaging made with 75% post-consumer polystyrene For any queries, Please write to marketing@itshades.com 19 Solution Description Versalis, Eni's chemical company, is expanding its range of “circular” products, made from recycled raw materials. The Versalis Revive® portfolio will now include a new product for food packaging made with 75% domestic post-consumer polystyrene. The product, referred to as Versalis Revive® PS Air F - Series Forever, is the result of the existing collaboration with Forever Plast S.p.A., a leading Italian company in the recycling of post-consumer products into high-quality raw materials, and has been developed as part of a collaborative project with various players in the polystyrene industry value chain: Corepla, ProFood and Unionplast. This collaboration has given rise to an innovative recyclable tray suitable for food and composed of recycled polystyrene developed by the companies that are members of Pro Food. The tray consists of an inner layer containing Versalis Revive® PS Air F - Series Forever and two outer layers made from virgin polystyrene. This structure, known as the A-B-A functional barrier, ensures food contact compliance. The functional barrier design and stringent testing were developed in collaboration with the Fraunhofer Institute for Process Engineering and Packaging (IVV), a leading German applied research institute that works with industries to develop viable technologies for bringing innovative products to the market.
  • 26. Lorem ipsum dolor sit amet, consec- tetuer adipisc- ing elit, sed diam nonum- my nibh euis- mod tincid- unt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable Equinor (Norway): Partners have chosen concept for BM-C-33 project in Brazil For any queries, Please write to marketing@itshades.com 20 Solution Description Equinor, together with license partners Repsol Sinopec Brasil and Petrobras, have approved the development concept for BM-C-33, a gas/condensate field located in the Campos Basin pre-salt in Brazil. The well streams will be sent to a floating production, storage and offloading unit (FPSO) located at the field. Gas and oil/condensate will both be processed at the FPSO to sales specifications and exported. Crude will be offloaded by shuttle tankers and shipped to the international market after ship-to-ship transfer. A new-build hull has been selected to accommodate for 30 years lifetime of the field. The gas export solution is based on an integrated offshore gas pipeline from the FPSO to a new dedicated onshore gas receiving facility inside the Petrobras TECAB site at Cabiúnas, before connecting to the domestic gas transmission network.
  • 27. Lorem ipsum dolor sit amet, consec- tetuer adipisc- ing elit, sed diam nonum- my nibh euis- mod tincid- unt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable Halliburton (USA) Gives Major Operator Real-Time Automated Control of Fracture Placement For any queries, Please write to marketing@itshades.com 21 Solution Description Halliburton Company announced it successfully delivered real-time control of fracture placement while pumping on a multi-well pad using the SmartFleet™ intelligent fracturing system in the Permian Basin. An industry first, SmartFleet applies automation enabled by subsurface measurements and real-time visualization to intelligently adapt and respond to reservoir behavior, driving real-time improvement in completion execution and fracture outcomes. SmartFleet intelligent fracturing system delivered several groundbreaking achievements. It provided the operator with real-time visibility downhole to instantly validate fracture performance and manage fracture placement – allowing the operator to consistently visualize and measure fracture propagation and ultimately control fracture placement through automation. With enhanced 3D measurement and live insights, the operator shortened the learning curve by solving fracture optimization challenges that historically would have taken numerous iterations to address. This resulted in more dynamic and accurate decision-making, as well as live placement and execution adjustments that ultimately improved asset economics.
  • 28. Lorem ipsum dolor sit amet, consec- tetuer adipisc- ing elit, sed diam nonum- my nibh euis- mod tincid- unt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable HPCL (India) boosts up Electric Mobility Ecosystem with revolutionary new range of EV Chargers For any queries, Please write to marketing@itshades.com 22 Solution Description HPCL has launched a revolutionary, first of its kind, EV Charger, in collaboration with Magenta EV Systems under its start-up development program. The EV charger branded as “ChargeGrid Flare”, is a charger incorporated within energy-efficient street lamp columns, that shall encourage EV adoption for flexible and low cost charging solutions. These chargers are State-of-the Art & can cater to all range of new Generation E-Vehicles of all reputed brands. In a virtual function held at its Flagship Company owned Retail Outlets at Mumbai, Delhi and Mumbai-Pune Express way, Senior Officials from HPCL in the presence of Senior Officials from Magenta Group launched this new kind of EV Charger, taking HPCL’s tally of EV Charging facility to 50. HPCL plans to install “ChargeGrid Flare” range of chargers at its selected Retail Outlets at pan India Level. In the space of Fixed EV Charging facilities, HPCL is continuously upgrading its infrastructure to address the battery charging needs of the 2/3 Wheelers/ Cab Aggregators /Car Owners in the personal mobility segment, which is aimed at enhancing consumer confidence on e-mobility initiatives & faster adaption of E-vehicles. With the second largest network of Retail Outlets in the country, HPCL is all set to make bold strides in the field of e-mobility.
  • 29. Lorem ipsum dolor sit amet, consec- tetuer adipisc- ing elit, sed diam nonum- my nibh euis- mod tincid- unt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable Lukoil (Russia) Increases Production at Imilorskoye Field in West Siberia For any queries, Please write to marketing@itshades.com 23 Solution Description LUKOIL's cumulative oil output at the Imilorskoye field in the Khanty-Mansi Autonomous District has exceeded five million tonnes since the start of its pilot commercial operation in 2014. In 2020, the field's production increased by over 20%, when compared to the 2019 results. The field is currently in active development and production drilling there continues. 117 production wells with the average daily yield of 17 tonnes were brought on stream in 2020. In total, over 300 oil wells and 29 multi-well pads are in service. Eight new hydrocarbons reservoirs have been discovered since 2015. The field has all necessary oil transportation equipment. Over 250 km of pipelines and 160 km of motorways were constructed. The field support base features an administration and amenity complex, a mess hall and an accommodation facility. There is also a booster pump station with a separation unit that intakes and degasses the crude coming from the field to prepare it for further transportation.
  • 30. Lorem ipsum dolor sit amet, consec- tetuer adipisc- ing elit, sed diam nonum- my nibh euis- mod tincid- unt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable TATNEFT (Russia) plans to produce rubber and road bitumen in Kazakhstan For any queries, Please write to marketing@itshades.com 24 Solution Description TATNEFT signed in Kazakhstan the Agreement on the basic conditions of interaction on the Butadiene project and the Agreement of Intent on the implementation of the project for the production of road bitumen. The signing of the documents took place as part of the events timed to the beginning of the construction of the KamaTyresKZ tire manufacturing plant in the city of Saran, with the participation of the Prime Minister of the Republic of Kazakhstan. The agreement on the basic terms of interaction on the Butadien project was signed by General Director of Tatneft, and Chairman of the Management Board of NC KazMunayGas. TATNEFT plans to implement a project for the production of butadiene rubbers in the Atyrau region together with NC KazMunayGas until 2025. The capacity will be 186 thousand tons of butadiene rubbers and 170 thousand tons of isobutane. The raw material for the plant will be butane produced by Tengizchevroil LLP. Finished products will be supplied to the KamaTyresKZ tire plant in the Karaganda region, as well as for export to European countries, Russia, China, Turkey and others. Under the agreement of intent to implement the project to organize the production of road bitumen, the Minister of Industry and Infrastructure Development of the Republic of Kazakhstan Beibut Atamkulov and the General Director of Tatneft Nail Maganov put their signatures. The signing of the Agreement opens up the possibility of building a plant on the territory of the Republic of Kazakhstan with a production capacity of 300 thousand tons of road bitumen per year.
  • 31. Lorem ipsum dolor sit amet, consec- tetuer adipisc- ing elit, sed diam nonum- my nibh euis- mod tincid- unt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable Total (France) Solarizes L’Oréal’s First Industrial Site In France For any queries, Please write to marketing@itshades.com 25 Solution Description Total, through its affiliate Total Quadran, one of the leading renewables players in France, announces the commissioning of the solarization project at L’Oréal’s Vichy production plant. The project consists of photovoltaic parking lot awnings and charge points for electric vehicles. The renewable electricity produced will cover 33% of the plant’s energy needs, from almost 4,000 solar panels across a surface area of 9,500 m² with total power of 1.5 MWp (Megawatts peak). Total will also conduct an R&D project on this site, with the aim of analyzing the performance of the bifacial photovoltaic modules on the awnings.
  • 32. Lorem ipsum dolor sit amet, consec- tetuer adipisc- ing elit, sed diam nonum- my nibh euis- mod tincid- unt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable Petrobras (Brazil) launches new Investor Relations website For any queries, Please write to marketing@itshades.com 26 Solution Description Petrobras launched this Friday, 9/4, the new Investor Relations website in line with the best market practices. More modern and easier to navigate, the site presents new information and features such as a new first page that makes available all the relevant content about the company, with highlights and links to the most important documents in each section, reducing the number of clicks to reach the information. In the new ESG (Environmental, Social and Corporate Governance) section, the investor will have access to the main sustainability indicators on a consolidated basis, the company's long-term strategies, reports and presentations, in addition to the new Controversy menu, bringing more information and transparency on environmental, social and governance issues. All sections of the website have been reorganized in order to facilitate the obtaining of relevant data and the navigability of investors and analysts. In addition to having the accessibility tool, we have improved access to information by creating pages that have documents in a more visual way.
  • 33. Lorem ipsum dolor sit amet, consec- tetuer adipisc- ing elit, sed diam nonum- my nibh euis- mod tincid- unt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable Petrobras (Brazil) and partners approve development concept for block BM-C-33 For any queries, Please write to marketing@itshades.com 27 Solution Description Petrobras approved, together with its partners Equinor and Repsol Sinopec Brasil, the concept of development of the BM-C-33 block, operated by Equinor, located in the pre-salt of the Campos Basin, in the state of Rio de Janeiro. The block is about 200 km away from the coast and has a water depth of 2,900m. In BM-C-33 three accumulations of gas and condensate (light oil) were discovered: Pão de Açúcar, SEAT and Gávea. The approved concept is based on production from wells connected to an FPSO (floating production, storage and offloading unit), with the capacity to process condensed oil and gas produced and specify them for sale. The transfer of the condensed oil will be carried out by relief vessels and the natural gas will be exported to the coast through an underwater pipeline that will connect to a receiving infrastructure located at the Cabiúnas Terminal - TECAB, and then connect to the gas transport network.
  • 34. Lorem ipsum dolor sit amet, consec- tetuer adipisc- ing elit, sed diam nonum- my nibh euis- mod tincid- unt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable Another station in Germany under the ORLEN (Poland) brand is already open For any queries, Please write to marketing@itshades.com 28 Solution Description After Berlin, station in Germany opened as part of the chain's rebranding on foreign markets. In this country, there are already nearly 600 fuel stations under the ORLEN-star Group brand, available in every German state. In line with the ORLEN 2030 strategy, the concern intends to significantly expand its network, mainly abroad. According to the strategy, investment expenditure on the development of the concern's retail area by 2030 will consume PLN 1.1 billion, thanks to which EBITA LIFO will increase one and a half times, to approx. PLN 5 billion. By 2030, at least 3.5 thousand stations will operate in the region under the Polish brand ORLEN. The development of the ORLEN Group's station network will take place primarily abroad - the share of foreign stations in the entire network will increase from 37% to 45%. ORLEN station in Hamburg was opened Bernadottestraße Street, located in the district Othmarschen. A rich gastronomic offer, among other things, offering hot dogs or casseroles, complemented by nearly 1,000 articles, also Polish manufacturers, which can be purchased on site.
  • 35. Lorem ipsum dolor sit amet, consec- tetuer adipisc- ing elit, sed diam nonum- my nibh euis- mod tincid- unt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable Repsol (Spain) develops smart energy management system that improves customer efficiency For any queries, Please write to marketing@itshades.com 29 Solution Description Repsol has developed an energy management system (EMS) that uses artificial intelligence algorithms and advanced optimization to manage energy efficiently. The device will act on the energy use in the climate control and cold chain logistics processes of commercial and industrial customers, lowering energy consumption while also reducing CO2 emissions. This initiative is one of many launched by the multi-energy company in its effort to achieve zero net emissions by 2050. In preliminary stages of development carried out at the Repsol Technology Lab's microgrid laboratory, the EMS has shown savings of up to 20% of power consumed by climate control systems, rising to 40% in cold chain logistics applications. The smart management system will now be tested in real-world scenarios through agreements with various industry-leading partners in different sectors. Each partner presents their own specific characteristics which, together, will help complete development in a diverse variety of environments. The first large sports facility to test out the EMS will be the San Mamés Stadium, where Athletic Club de Bilbao football team plays their home games. Saving energy has always been a priority for the club and it was one of the premises during the construction of the stadium, which first opened in 2013 and in 2016 became the first European football stadium to receive the prestigious LEED Gold Certification for Sustainable Buildings. Now, with Repsol's EMS, it can continue improving the efficiency of its climate control systems.
  • 36. Lorem ipsum dolor sit amet, consec- tetuer adipisc- ing elit, sed diam nonum- my nibh euis- mod tincid- unt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable Schlumberger (USA) New Energy Venture to Launch a Lithium Ex- traction Pilot Plant in Nevada For any queries, Please write to marketing@itshades.com 30 Solution Description Schlumberger New Energy announced the development of a lithium extraction pilot plant through its new venture, NeoLith Energy. The deployment of the pilot plant will be in Clayton Valley, Nevada, USA. The NeoLith Energy sustainable approach uses a differentiated direct lithium extraction (DLE) process to enable the production of high-purity, battery-grade lithium material while reducing the production time from over a year to weeks. This innovative process can create new market opportunities for lithium extraction and battery manufacturing economy, and maximize the value of the lithium-rich resource base in Nevada with cutting-edge extraction technology. The demand for battery-grade lithium is projected to grow exponentially, driven by growth in the electric vehicle (EV) market. As EVs greatly depend on lithium-ion rechargeable batteries, sustainable and efficient lithium production has become an important topic for regions, industries, and technology companies, as well as battery and large automotive manufacturers. NeoLith Energy’s pilot plant is a step towards a full-scale, commercial lithium production facility. The pilot plant results will be used to optimize the design of the full-scale production plant. The production plant will utilize an environmentally friendly method for subsurface brine extraction and lithium production that requires a significantly smaller footprint and reduces water consumption by over 85% compared to current methods for lithium extraction from brine.
  • 37. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com Rewards & Recognition Updates Energy Industry
  • 38. R & R Updates IT Shades Engage & Enable Marathon Petroleum (USA): Detroit Refinery receives highest recognition for workplace safety and health from MIOSHA For any queries, Please write to marketing@itshades.com 31 Marathon Petroleum Corp.’s (MPC), Michigan Refining Division received the Michigan Voluntary Protection Program (MVPP) Star award from the Michigan Occupational Safety and Health Administration (MIOSHA) for workplace safety and health excellence. MIOSHA established the MVPP program in 1996 to recognize employers with exemplary safety and health management systems that go above MIOSHA requirements. To be eligible for the award, an applicant must have injury and illness incidence rates for each of the last three years below the industry average. R&R Description
  • 39. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com Customer Success Updates Energy Industry
  • 40. Customer Success Updates IT Shades Engage & Enable Equinor (Norway): New service agreements for electrical equipment at offshore and onshore facilities in Norway For any queries, Please write to marketing@itshades.com 32 ABB AS and Siemens Energy AS are awarded framework agreements for providing service of electrical equipment on all Equinor’s installations on the Norwegian continental shelf (NCS) and onshore plants in Norway. The total value of the agreements with options is estimated at around NOK 4.5 billion. The scope is expected to require about 100 man-years in Norway. The agreements are awarded on behalf of Equinor-operated licences on the NCS and onshore plants in Norway, and on behalf of Gassco as the operator for the Kollsnes and Kårstø gas processing plants. The agreements can also be applied globally. Description
  • 41. Customer Success Updates IT Shades Engage & Enable Equinor (Norway): Awarding three contracts for Heimdal and Veslefrikk decommissioning For any queries, Please write to marketing@itshades.com 33 Equinor has chosen Heerema Marine Contractors Nederland SE for removal, dismantling and recycling of the topsides and jackets of the Heimdal riser platform, Heimdal main platform and Veslefrikk Aplatform in the North Sea. The three contracts have been awarded on behalf of Gassco as operator of the Heimdal riser platform and on behalf of the partners of the Heimdal and Veslefrikk licences. The Veslefrikk partners plan to shut down the field permanently in the spring of 2022. Well plugging started earlier this year. Equinor and Gassco, who are operators of the two platforms on the Heimdal field, have over time studied the best possible use of the installations and the area before deciding a shutdown. Description
  • 42. Customer Success Updates IT Shades Engage & Enable Danfoss and Ørsted (Denmark) sign corporate power purchase agreement For any queries, Please write to marketing@itshades.com 34 Danfoss, a world-leading industrial manufacturer of energy efficient solutions, has signed a 10-year fixed price corporate power purchase agreement (CPPA) with Ørsted to offtake the renewable electricity output of 27 MW of Ørsted's 209MW Danish offshore wind farm Horns Rev 2, which came out of subsidy in October 2020. Danfoss' target to become carbon-neutral globally in 2030 is built on three main strategies. Firstly, Danfoss continues to invest in energy-efficient solutions significantly lowering the heating and electricity consumption in all factories worldwide. Secondly, Danfoss will pursue opportunities to connect its factories to local district heating networks to purchase heat produced from renewable energy sources and thereby phase out the use of natural gas and other fossil fuels, but also to recover excess heating from Danfoss' production processes and feed it back into the district heating network - often referred to as sector coupling. Thirdly, Danfoss wants to buy green electricity from professional partners like Ørsted, who can guarantee the electricity originates from renewable sources. Through this agreement with Ørsted covering all Danfoss' factories in Denmark and Germany, Danfoss can offset carbon emissions corresponding to approx. 31,000 tonnes a year or about 12% of the company's total emissions in their scope 2 accounting, according to the green house protocol that regulates carbon accounting globally. Description
  • 43. Customer Success Updates IT Shades Engage & Enable Orange Signs A Major Green Power Purchase Agreement with Total (France) Which Will Develop 80 Mw of Solar Farms in France To Honor It For any queries, Please write to marketing@itshades.com 35 Orange signed a Corporate Power Purchase Agreement (CPPA) with Total, through its subsidiary Total Quadran – one of the leaders in renewable energies in France. Total will supply Orange with 100 GWh a year of renewable electricity over a period of 20 years. This agreement will thus enable the development, by 2024, of a dozen new solar power plants spread throughout metropolitan France, with a cumulative capacity of 80 MW. This agreement illustrates the commitment of Total and Orange to contribute to the country’s energy transition while promoting local economic development, with the support of regional authorities. Description
  • 44. Customer Success Updates IT Shades Engage & Enable Orange Signs A Major Green Power Purchase Agreement with Total (France) Which Will Develop 80 Mw of Solar Farms in France To Honor It For any queries, Please write to marketing@itshades.com 36 Orange signed a Corporate Power Purchase Agreement (CPPA) with Total, through its subsidiary Total Quadran – one of the leaders in renewable energies in France. Total will supply Orange with 100 GWh a year of renewable electricity over a period of 20 years. This agreement will thus enable the development, by 2024, of a dozen new solar power plants spread throughout metropolitan France, with a cumulative capacity of 80 MW. This agreement illustrates the commitment of Total and Orange to contribute to the country’s energy transition while promoting local economic development, with the support of regional authorities. Description
  • 45. Customer Success Updates IT Shades Engage & Enable PKN ORLEN (Poland) has a contract for crude oil supplies For any queries, Please write to marketing@itshades.com 37 PKN ORLEN concluded a contract for the purchase of crude oil with Rosneft. The monthly volume of deliveries under the contract will amount to 300 thousand. tons of raw material. It meets the conditions agreed during the negotiations with the Russian side. The volume limitation does not affect the security of supplies to the ORLEN Group refineries. The existing contract between PKN ORLEN and Rosneft, valid until January 31 this year, provided for crude oil supplies at the level of 5.4-6.6 million tonnes per year. The new 2-year contract provides that supplies to the PKN ORLEN refinery will amount to 3.6 million tonnes per year. The concern uses every opportunity that is economically attractive and at the same time meets the current market demand. At the same time, PKN ORLEN is actively looking for new markets and expanding the portfolio of suppliers and types of crude oil. The purchase possibilities and the degree of complementarity of various types of crude oil with the technologies used in refineries of the ORLEN Group are examined on an ongoing basis. Actions taken are related to global conditions, incl. increased demand for finished petroleum products. Selected grades of crude oil with properties other than REBCO, under certain conditions, enable an increase in yields towards middle distillates, especially diesel. Description
  • 46. Customer Success Updates IT Shades Engage & Enable Siemens Gamesa and Repsol (Spain) wrap up their first deal to install 120 MW across four wind farms in Spain For any queries, Please write to marketing@itshades.com 38 Siemens Gamesa and Repsol have signed their first contract together that will see the installation of 24 SG 5.0-145 wind turbines across four wind farms in Spain, with a total installed capacity of 120 MW. This is the first contract between the pair as the Spanish multi-energy giant rolls out its ambitious growth plans in renewable energy. The agreement includes the supply to Repsol of 20 turbines for two wind farms in the province of Zaragoza, in the North-East of Spain (part of Delta II project), for 100 MW, and the installation of four wind turbines in two other wind farms in the province of Valladolid to the North-West of the country (part of the PI project), with a capacity of 20 MW. Repsol's Delta II project consists of 26 wind farms located in the provinces of Huesca, Zaragoza and Teruel. It will have a capacity of 860 MW, and will be developed between now and 2023. When operational it will supply electricity to 1.8 million people, over the entire population of the region of Aragon. In addition, it will prevent the emission of more than 2.6 million tons of CO2 per year. The wind farms in Valladolid correspond to the PI project, which will have a total installed capacity of 175 MW. The SG 5.0-145 is one of the most powerful onshore turbines in Spain, with just one supplying sufficient green energy to around 4,000 households. The wind farms are scheduled to be commissioned between the end of 2021 and the beginning of 2022. The agreement includes the maintenance of the turbines for a period of five years. Description
  • 47. Customer Success Updates IT Shades Engage & Enable Saipem (Italy) awarded a new contract by Qatargas worth over 1 billion USD for the North Field Production Sustainability Pipelines Project For any queries, Please write to marketing@itshades.com 39 Saipem has received from Qatargas a Letter of Award for a new contract worth over 1 billion USD and related to the North Field Production Sustainability Pipelines Project located offshore and onshore the North-East coast of the Qatar peninsula. The additional contract entails the Engineering, Procurement, Construction, and Installation (EPCI) of offshore export trunklines and related onshore tie-in works and is part of the development of the North Field production plateau, which also includes the EPCI of offshore facilities previously awarded to Saipem in February. The scope of work for this award (EPCL package) includes three export trunklines starting from their respective offshore platforms to the Qatargas North and South Plants in Ras Laffan Industrial City for a total length of almost 300 km, as well as associated onshore tie-in works and brownfield activities on existing onshore and offshore facilities. Pipelaying operations will be executed by the DE HE and Saipem Endeavour vessels. Saipem will enhance the overall project execution, comprising both EPCO and EPCL scope of work, by combining relevant planned schedules and project management and will start activities immediately. Project completion is expected by mid-2024. Description
  • 48. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com Partner Ecosystem Updates Energy Industry
  • 49. Partner Ecosystem Updates IT Shades Engage & Enable BMW Group and Daimler Mobility join forces with bp (UK) as a partner for Digital Charging Solutions GmbH, to further accelerate the growth of electrification For any queries, Please write to marketing@itshades.com 40 bp agreed to join BMW Group and Daimler Mobility AG in their drive to extend and significantly improve electrification, making electric vehicle charging more convenient, simpler and seamless for drivers. Under their agreement, bp will become a 33.3% partner alongside BMW Group and Daimler Mobility AG in Digital Charging Solutions GmbH (DCS), one of Europe’s leading developers of digital charging solutions for automotive manufacturers and vehicle fleet operators. bp’s acquisition of the stake in DCS will be subject to regulatory approval. The terms of the transaction are not being disclosed. DCS’s services are important for the electrification strategies of the automotive industry. The company works with OEMs to integrate its charging solutions into vehicle operating systems, offering Plug & Charge for vehicle and charger to communicate seamlessly without the need for additional customer authentication. For example, DCS already operates "Mercedes me Charge", "BMW Charging" and "MINI Charging" services. DCS already offers access to 228,000 charging points in 32 countries giving OEMs, fleet customers and EV drivers extensive access to charging infrastructure across Europe. Description
  • 50. Partner Ecosystem Updates IT Shades Engage & Enable FNM and Eni (Italy) join forces to accelerate the energy transition in the transport sector For any queries, Please write to marketing@itshades.com 41 FNM and Eni have signed a letter of intent that sees them launch a strategic collaboration aimed at speeding up the process of transitioning to new energy sources. The letter of intent, signed by FNM Chairman Andrea Gibelli and Chief Operating Officer Energy Evolution Giuseppe Ricci, provides an outline of potential collaborations and initiatives in fields including the introduction of fuels and energy vectors with the ability to reduce CO2 emissions from the thermal combustion engines of transport vehicles, the introduction of models for capturing, storing and using CO2 generated through hydrogen production processes for use in transport vehicles, and the introduction of hydrogen distribution points for private road mobility. The collaboration is also part of the H2iseO project implemented by FNM and Trenord, which aims to make Sebino and Valcamonica the first Italian “Hydrogen Valley”, as well as to evaluate and implement a series of both long- and short-term initiatives designed to help achieve the decarbonization targets for the transport sector as set out by the European strategy and the Italian National Integrated Energy and Climate Plan. Description
  • 51. Partner Ecosystem Updates IT Shades Engage & Enable Eni (Italy) signs a Memorandum of Understanding on cooperation with Zhejiang Energy For any queries, Please write to marketing@itshades.com 42 Eni and Zhejiang Energy signed a Memorandum of Understanding (MoU) on strategic cooperation in the energy sector. The MoU establishes a cooperation framework aimed at facilitating joint initiatives between Eni and Zhejiang Energy across the gas and LNG value chain in China and internationally. The MoU builds on the companies’ shared goal of promoting a reduction in emissions by favoring a switch from coal to gas in the production of electricity. The initiatives identified in the MoU range from developing long term LNG supply agreement to joint participation in gas/LNG projects. Using gas to produce electricity instead of coal reduces by as much as half the greenhouse gas emissions of a power plant, providing an immediate step forward in decarbonizing the sector. For Eni, the MoU represents a further step in the energy transition process. The company has recently launched a new strategy, which will lead the company to be carbon neutral by 2050, in all its operations, processes and products. In the long term, gas – which will be increasingly decarbonized – will represent more than 90% of Eni’s production. Description
  • 52. Partner Ecosystem Updates IT Shades Engage & Enable EQT (USA) Real Estate and Arco Lavori launch EUR 300m joint venture to deliver grade-A senior care home facilities in Northern Italy For any queries, Please write to marketing@itshades.com 43 EQT is pleased to announce that the EQT Real Estate II fund has launched a joint venture with AR.CO. Lavori S.C.C. a leading Italian construction company with an established track record of delivering high-quality real estate assets in Italy including healthcare facilities. The JV will focus on developing a portfolio of purpose-built, affordable grade-A senior care homes in Northern Italy that will seek to provide the highest level of healthcare and quality living in the country. The JV launches having secured five initial sites with the ability to provide an aggregate of 1,010 beds. The first two senior care homes are expected to be delivered by late 2022 and in the beginning of 2023. It is intended that the JV will have an initial capacity to establish an investment portfolio with a total value in excess of EUR 300 million. The JV’s five initial projects are located in the Lombardy and Emilia Romagna regions, which are particularly in need of senior care facilities due to the supply-demand imbalance and low provision rate of care home beds for senior citizens driven by Italy’s growing elderly population. Over the next ten years, the population group that is over 75 years of age is expected to increase from 11.5 percent to 14.0 percent1. Completed facilities will be let to, and managed by, well-known, high quality operators who will aim to bring a high standard of sustainability and safety to the healthcare home market. Description
  • 53. Partner Ecosystem Updates IT Shades Engage & Enable Gazprom (Russia) and Shell expanding cooperation For any queries, Please write to marketing@itshades.com 44 Gazprom and Shell signed an Agreement of Strategic Cooperation for a five-year period. The signing ceremony was held via a video link in the presence of Chairman of the Gazprom Management Committee, and Chief Executive Officer of Royal Dutch Shell. The newly signed document expands the interaction between the two companies. Particular attention will be given to such areas as research of energy markets, implementation of projects along the entire value chain, cooperation in digitalization of technologies, and reduction of greenhouse gas emissions. Special mention was made of the European energy sector decarbonization. It was noted that natural gas, due to its eco-friendliness, can play a significant role in meeting Europe's climate goals. Description
  • 54. Partner Ecosystem Updates IT Shades Engage & Enable Halliburton (USA) and Optime Subsea Form Global Alliance For any queries, Please write to marketing@itshades.com 45 Halliburton Company and Optime Subsea announced they formed a global strategic alliance to apply Optime’s innovative Remotely Operated Controls System (ROCS) to Halliburton’s completion landing string services. The companies will also collaborate and offer intervention and workover control system services leveraging Optime’s Subsea Controls and Intervention Light System (SCILS) technology, a remote digital enabled system that compliments Halliburton’s subsea intervention expertise. The alliance will provide umbilical-less operations and subsea controls for deep water completions and interventions delivering increased operational efficiencies while minimizing safety risk through a smaller offshore footprint. Halliburton will offer Optime’s innovative technologies as a service across its global portfolio. Description
  • 55. Partner Ecosystem Updates IT Shades Engage & Enable Kinder morgan (USA): Colorado Energy Organizations Launch First-of-its-Kind Responsibly Sourced Natural Gas Partnership For any queries, Please write to marketing@itshades.com 46 A Colorado natural gas producer, an infrastructure operator and local municipal utility have entered into a first-of-its-kind Responsibly Sourced Gas (RSG) pilot project with Project Canary, a Denver-based B-Corp focused on providing continuous emissions monitoring data and technologies across the energy sector. The unique wellhead to burner-tip RSG pilot extends across the energy value chain – from production, transportation and marketing of RSG – for consumer and community use locally in Colorado. The pilot project will consist of the following: Colorado Springs Utilities, a municipal utility in one of the state’s largest and fastest growing regions, will purchase certified RSG produced by Bayswater Exploration & Production, a Colorado-based oil and natural gas development company. The certified RSG will be gathered and processed by Rimrock Energy Partners, a provider of midstream services in the DJ Basin, before being delivered to Colorado Interstate Gas Company, a Kinder Morgan, Inc. subsidiary, which will transport the certified RSG to Colorado Springs Utilities. As a member of the ONE Future Coalition, Kinder Morgan is part of a group of companies working to voluntarily reduce methane emissions across the natural gas value chain to 1% or less by 2025. Project Canary will provide technologies, data monitoring to measure methane emissions, and independent RSG certification. Description
  • 56. Partner Ecosystem Updates IT Shades Engage & Enable Innovative, sustainable technology developed by BASF and OMV (Austria): New ISO C4 plant in Burghausen/Germany starts production For any queries, Please write to marketing@itshades.com 47 With the commissioning of OMV´s new ISO C4 plant at the Burghausen site, the collaboration between the world’s largest chemical company, BASF, and OMV, the international, integrated oil, gas and chemical company headquartered in Vienna, has reached a new milestone. The plant is based on a novel technology developed jointly by the two companies and has been producing high-purity isobutene since the end of 2020. The plant’s exceptional energy efficiency saves 20,000 metric tons of CO2 emissions per year. Up to 80% of the heating energy required for the new process can be met by thermal discharge from an existing associated facility thanks to a heat integration approach. The energy-efficient process for the production of isobutene, achieving up to 99.9 % purity, was developed in cooperation between BASF and OMV and a worldwide patent application was filed jointly by the two companies. As a global supplier of catalysts and licensor of petrochemicals technologies, BASF provides the catalyst and reaction concept that intrinsically fulfils all process requirements by OMV. The new unit for the production of high-purity isobutene, which does not need chemical conversion of isobutene, has been integrated into the existing metathesis plant at OMV’s Burghausen site. Description
  • 57. Partner Ecosystem Updates IT Shades Engage & Enable TechnipFMC (UK) and Bombora Form Strategic Partnership to Develop a Floating Wave and Wind Power Project For any queries, Please write to marketing@itshades.com 48 TechnipFMC a global leader in the energy industry, and Bombora, a leading wave energy technology company, have formed a strategic partnership to develop a floating wave and wind power project in support of a more sustainable future. The relationship brings together TechnipFMC’s unique technologies and experience delivering complex integrated Engineering, Procurement, Construction and Installation (iEPCI™) projects offshore with Bombora’s patented multi-megawatt mWave™ technology that converts wave energy into electricity. The partnership will initially focus on TechnipFMC and Bombora’s InSPIRE project. With engineering work initiated in November 2020, the partnership is developing a hybrid system utilizing Bombora’s mWave™ technology. The hybrid system demonstrator will deliver 6 megawatts of combined floating wind and wave power, followed by Series 1 and Series 2 commercial platforms which are expected to deliver 12 and 18 megawatts, respectively. Description
  • 58. Partner Ecosystem Updates IT Shades Engage & Enable Total (France) Partners with Shenergy Group to Jointly Market Lng In China For any queries, Please write to marketing@itshades.com 49 Total and Shenergy Group, the leading energy player in Shanghai, have signed binding agreements for the supply of up to 1.4 million tons per annum of Liquefied Natural Gas (LNG) from Total, as well as the creation of a joint venture to expand LNG marketing in China. The joint venture (Total 49%, Shenergy Group 51%) will sell LNG, supplied by Total, to customers in Shanghai and throughout the neighboring Yangtze River Delta regions, one of the main LNG markets in China. Additionally, Total will supply LNG to Shanghai Gas, the natural gas subsidiary of Shenergy Group, for its distribution business. The LNG supply to the JV and Shanghai gas distribution business will be sourced from global LNG portfolio of Total through a long-term LNG Sale and Purchase agreement ramping up to 1.4 million tons per annum for a term of twenty years. It will be delivered to Shenergy’s Chinese LNG terminals. Description
  • 59. Partner Ecosystem Updates IT Shades Engage & Enable Total (France) and Forêt Ressources Management To Plant A 40,000-Hectare Forest In The Republic Of The Congo For any queries, Please write to marketing@itshades.com 50 Total and Forêt Ressources Management have signed a partnership agreement with the Republic of the Congo to plant a 40,000-hectare forest on the Batéké Plateaux. The new forest will create a carbon sink that will sequester more than 10 million tons of CO2 over 20 years, to be certified in accordance with the Verified Carbon Standard (VCS) and Climate, Community & Biodiversity (CCB) standards. The project, financed by Total, includes agroforestry practices developed with the local communities for agricultural production and sustainable wood energy. By 2040, responsible management through selective cutting (treatment of forests which aims to imitate nature by mixing together several species of different age) will promote the natural regeneration of local species and provide Brazzaville and Kinshasa with lumber and plywood. The project is designed to produce multiple social, economic and environmental benefits. The planting of Acacia mangium and auriculiformis trees on sandy plateaux exposed to recurring bushfires will create a forest environment that will ultimately help broaden the ecosystems’ biodiversity. The project will create employment opportunities, with a positive impact on several thousand people. In addition, a local development fund will support health, nutritional and educational initiatives to benefit neighboring villages. Description
  • 60. Partner Ecosystem Updates IT Shades Engage & Enable Total (France) and Microsoft Partner To Drive Digital Innovation And Net Zero Goals For any queries, Please write to marketing@itshades.com 51 Total and Microsoft announced that they have agreed to collaborate as strategic partners to further digital transformation and support progress toward net-zero emissions. The dynamic development of Microsoft and Total in their respective areas of expertise and their rich histories of innovation brings many concrete opportunities for collaboration over a multi-year timeframe: • Total’s global presence and market knowledge can support Microsoft's sustainability objectives, including its 2025 target for renewable energy and contribute to the energy efficiency and carbon footprint reduction efforts of its datacenters. • Total will further leverage the cloud platforms of Microsoft. Total has decided to accelerate its IT transformation and leverage the power of Azure for digital transformation projects and for Total Digital Factory. Total will broaden and enrich its existing modern workplace environment, based on Microsoft Office 365 which will provide collaboration and productivity solutions for its employees and its operations. Total will also explore the value of the Power Platform to automate business processes, reduce cost and allow easier access to data for its citizen developers. • Explore and co-innovate on areas of collaboration around sustainability, further digital transformation and AI solutions accelerating the transition to a net-zero economy, for example, the deployment of low-carbon and carbon-removal technologies. Description
  • 61. Partner Ecosystem Updates IT Shades Engage & Enable Valero (USA) and BlackRock Partner with Navigator to Announce Large-Scale Carbon Capture and Storage Project For any queries, Please write to marketing@itshades.com 52 Valero Energy Corporation and BlackRock Global Energy & Power Infrastructure Fund III announced that they are partnering with Navigator Energy Services to develop an industrial scale carbon capture pipeline system. The initial phase is expected to span more than 1,200 miles of new carbon dioxide gathering and transportation pipelines across five Midwest states with the capability of permanently storing up to 5 million metric tonnes of carbon dioxide per year. Pending third party customer feedback, the system could be expanded to transport and sequester up to 8 million metric tonnes of carbon dioxide per year. Valero, the largest renewable fuels producer in North America, is expected to become an anchor shipper by securing a majority of the initial available system capacity. Navigator is expected to lead the construction and operations of the system and anticipates operations to begin late 2024. In the coming months, Navigator will seek additional commitments to utilize the remaining capacity via a binding open season process. The CCS project seeks to provide biorefineries and other industrial participants a long-term, economic path to materially reduce their carbon footprint while maximizing the value of their end-product in a cost-effective manner that is safe for the environment. Description
  • 62. Partner Ecosystem Updates IT Shades Engage & Enable Petrobras (Brazil) signs agreement with Amazonas Energia For any queries, Please write to marketing@itshades.com 53 Petrobras informs that it has signed, together with its indirect subsidiaries Breitener Tambaqui SA and Breitener Jaraqui SA, a judicial agreement to receive amounts litigated by Amazonas Energia S / A (debtor) and Centrais Elétricas Brasileiras SA - Eletrobras. Also, part of the agreement is the payment by Amazonas Energia to Petrobras of past due amounts due from thermal contracts. The agreement involves the recovery of credit by Breitener Tambaqui and Breitener Jaraqui, against Amazonas Energia, in the approximate amount of R $ 436 million, updated until 01/18/2021, referring to 7 lawsuits, which will be suspended until settlement negotiated credits. The amount transacted will be settled by the debtor in 60 installments, calculated by the constant amortization system - SAC, updated based on 124.75% of the CDI, from 1/18/2021 until its full settlement. The agreement also included the recovery of Petrobras' credit, in the amount of approximately R $ 3.2 million related to a billing issued in September 2019, which will be settled by Amazonas Energia in cash, within 15 days, counting from the signing of the agreement. wake up. The signing of the agreement will generate a positive effect on Petrobras' consolidated results in the second quarter of 2021 of R $ 328 million, net of tax effects. Information regarding amounts receivable from related parties, which includes receivables from the Eletrobras group, are presented in notes 14.1 to Petrobras' financial statements for 2020. Description
  • 63. Partner Ecosystem Updates IT Shades Engage & Enable Repsol (Spain) and Microsoft expand collaboration to accelerate digital innovation and energy transition For any queries, Please write to marketing@itshades.com 54 Repsol and Microsoft Corp. have renewed their strategic collaboration focused on accelerating Repsol’s digital transformation and the global energy transition. The companies will co-innovate to build new AI-powered digital solutions, and as part of a long-term cooperation, Repsol will provide Microsoft with renewable energy in Europe, including Spain. Additionally, Repsol will expand its use of Microsoft cloud solutions to power its operations, including recommitting to the Azure cloud platform. Teams from both companies will bring together their deep expertise in the energy sector and digital technologies such as AI, IoT and edge to explore collaboration on and development of various initiatives that will help accelerate industry transformation. Initial focus areas include the use of disruptive technologies to enable autonomous systems and efficient operations, improve productivity and safety for employees, and support the development of advanced energy solutions such as biofuels, energy storage and more. As part of the collaboration, Repsol will provide a long-term supply of renewable wind and solar power to Microsoft operations in Europe, including Spain. Microsoft and Repsol share similar ambitions around the importance of reducing carbon emissions. Microsoft announced that it will source 100 percent of its energy supply from renewable energy by 2025, and Repsol – as the first company in its sector to announce the target to become a net zero emissions company by 2050 – has a goal of having a generation capacity of 7.5 GW by 2025 and 15 GW in 2030. Description
  • 64. Partner Ecosystem Updates IT Shades Engage & Enable Schlumberger (USA) and Microsoft Expand Partnership to Bring Open, Enterprise-Scale Data Management to the Energy Industry For any queries, Please write to marketing@itshades.com 55 Schlumberger and Microsoft announced an expanded strategic partnership to accelerate new technologies for the energy industry. The first offering, the Schlumberger Enterprise Data Management Solution for the OSDU Data Platform—a new industry standard for energy data—is available. Energy companies will now benefit from an OSDU-compliant solution, and the ability to seamlessly connect to the DELFI cognitive E&P environment from Schlumberger. The Enterprise Data Management Solution is ready for global customers to deploy on Microsoft Azure, Schlumberger’s preferred global public cloud platform for OSDU-compatible solutions. The companies’ mutual contributions to the first commercial release of the OSDU Data Platform establish the foundation of the Schlumberger Enterprise Data Management Solution. Through this partnership they will enhance the Enterprise Data Management Solution, tighten integration with OSDU and develop new scalable data ingestion capabilities, unified AI templates and domain services. These new joint solutions will be built using industry focused cloud, data and AI innovations and domain expertise from Microsoft and Schlumberger. The companies will work together to bring these new products to market, including sales, service and support. Description
  • 65. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com Environment & Social Updates Energy Industry
  • 66. Environment & Social Updates IT Shades Engage & Enable Marathon Petroleum (USA) Donation Funds Emergency Operations Center in North Dakota For any queries, Please write to marketing@itshades.com 56 Marathon Petroleum’s MPLX Northern Great Plains logistics group made a donation to McKenzie County Emergency Management in North Dakota to fully fund a full-scale Mobile Emergency Operations Center (MEOC). The trailer acts as a central command and control facility on wheels, allowing multiple emergency response agencies to effectively communicate with one another, in real time, and to maximize resources when responding to catastrophic accidents or disasters. The grant was made possible through the Marathon Petroleum Foundation, which focuses its community investments on areas where it can make a positive, measurable impact, including public safety. Description
  • 67. Environment & Social Updates IT Shades Engage & Enable Galp starts building its first large-scale solar PV project in Portugal For any queries, Please write to marketing@itshades.com 57 Galp has awarded the construction of its first large-scale photovoltaic solar energy project in Portugal, in the Municipality of Alcoutim, to the consortium formed by Jayme da Costa and Visabeira, thus opening a new front in its process of transformation into an increasingly more sustainable company. The project, with a total expected installed power of 144 megawatts, comprises four photovoltaic plants that extend over an area of 250 hectares. The estimated annual production capacity is 250,000 megawatt-hours of electricity, enough to supply more than 80,000 families and avoid the emission of 75,000 tons of CO2 per year. The scope of the work attributed to the Jayme da Costa consortium, a Portuguese energy solutions company, comprises all the electrical, mechanical, and civil works of the four photovoltaic plants, excluding the supply of the photovoltaic panels. The Visabeira group will execute all civil construction works. The construction work should start in April and the first electrons should start being produced in the first quarter of next year. Description
  • 68. Environment & Social Updates IT Shades Engage & Enable Gazprom (Russia) reduces greenhouse gas emissions and saves 3.92 million tons of fuel equivalent on fuel and energy in 2020 For any queries, Please write to marketing@itshades.com 58 The Gazprom Board of Directors approved the Company's ongoing efforts for environmental protection, energy efficiency enhancement, reduction of greenhouse gas emissions, and development and implementation of methane emission abatement projects. It was noted that Gazprom has been working consistently for many years to reduce its environmental impacts and increase energy efficiency, following the principles of natural resource management and compliance with Russian environmental legislation and the Company's voluntary commitments. Gazprom implemented the planned environmental protection measures and achieved its corporate environmental targets. Special attention, as before, was paid to energy saving and energy efficiency. A relevant program for the period from 2020 to 2022 is in effect at the Company. In 2020, Gazprom saved 3.92 million tons of fuel equivalent on fuel and energy, including 3.27 billion cubic meters of natural gas, 305.86 million kWh of electricity, and 251,920 Gcal of heat, thereby surpassing the planned target by 8 per cent. The overall value of the saved fuel and energy resources totaled RUB 13.77 billion. Description
  • 69. Environment & Social Updates IT Shades Engage & Enable HPCL (India) joins hands to boost World’s Largest Covid Vaccination Drive For any queries, Please write to marketing@itshades.com 59 HPCL, a responsible Corporate Citizen, is contributing to boost World’s Largest Covid Vaccination Drive in India. HPCL is aiding the Vaccination drive of India by supplementing the available Cold Chain Equipment infrastructure by providing equipment for storage and transportation of vaccines at four states/UT. HPCL supplemented cold chain equipment requirements across Punjab, Chandigarh, Rajasthan and Maharashtra by delivering: 126 Ice-lined refrigerator (ILR-Small & Large), 97 Deep freezer (DF-Small & Large), 1 Walk-in-freezer (WIF) and 2 Refrigerated trucks (RT) to the respective State Health Departments. HPCL through its various channels of internal and external communication is also inspiring its employees and customers who are eligible for Vaccination to get vaccinated at the earliest to contribute to the success of the World's largest Vaccination drive. HPCL supported the fight against COVID-19 pandemic through contribution to PM CARES fund, and undertaking other relief measures like distribution of food packets, masks, sanitizers and soaps, Personal Protective Equipment (PPE) kits, hygiene kits and ration materials to less-privileged people especially migrant workers and remote rural population. Support was also extended to District Administration, Municipal Corporation, Police Personnel, Hospital Administration, Sanitation workers, Disaster Management authorities etc. by providing masks, sanitizers, relief materials and other objects. Description
  • 70. Environment & Social Updates IT Shades Engage & Enable INPEX (Japan) Makes Donations Associated with Shareholder Benefit Program For any queries, Please write to marketing@itshades.com 60 INPEX CORPORATION announced that it has donated 822,550 yen each to the Keidanren Nature Conservation Fund and the Japanese Red Cross Society's Great East Japan Earthquake relief fund. The donations are part of INPEX's corporate social responsibility initiatives and are based on a policy to donate five percent of the total monetary value of QUO cards presented to eligible shareholders as part of the shareholder benefit program announced in October 2019. Under the policy, donations are directed to organizations contributing to society in support of a wide range of efforts including nature conservation and disaster relief. Accordingly, the Keidanren Nature Conservation Fund and the Japanese Red Cross Society's Great East Japan Earthquake relief fund were selected as recipients of the donations associated with the benefits issued to shareholders eligible as of December 31, 2020. The shareholder benefit program has been introduced to express INPEX's gratitude for the continuous support of its shareholders and to enhance the appeal of INPEX shares with the aim of increasing the number of INPEX shareholders over the medium- to long-term. The shareholder benefits take the form of QUO cards featuring exclusive INPEX designs. Description
  • 71. Environment & Social Updates IT Shades Engage & Enable Kinder Morgan (USA) Announces Formation of New Energy Transition Ventures Group For any queries, Please write to marketing@itshades.com 61 Kinder Morgan, Inc. announced that it has formed a new Energy Transition Ventures group within Kinder Morgan to identify, analyze and pursue commercial opportunities emerging from the low-carbon energy transition. The group, led by President of Energy Transition Ventures and CO2, and Vice President of Energy Transition Ventures, will focus on broadening Kinder Morgan’s reach beyond the low-carbon energy initiatives currently in development by KMI’s business units. The team consists of a group of in-house financial, commercial and engineering talent that will focus on analyzing and quantifying opportunities for additional assets and service offerings tailored to the ongoing energy transition. They will focus on customer outreach and business development activities in pursuit of those new ventures, which may include services like carbon capture and sequestration, renewable natural gas capture, hydrogen production, renewable power generation, electric transmission and renewable diesel production. Description
  • 72. Environment & Social Updates IT Shades Engage & Enable Companies unite to donate 3.4 million intubation drugs to Brazil For any queries, Please write to marketing@itshades.com 62 In view of the upsurge in the Covid-19 pandemic in Brazil and the consequent shortage of inputs for patient care in ICUs, a group of companies came together to donate 3.4 million medications for intubation to the Ministry of Health, enough for the management of 500 beds for a period of one and a half months. This solidarity action, on an emergency basis, has the engagement and support of Engie, Itaú Unibanco, Klabin, Petrobras and Raízen, in addition to Vale, which initiated this action two weeks ago. The pool of companies, led by their presidents, has already mobilized and started to import sedatives, muscle neuroblocks and opioid analgesics from China - basic inputs for intubation. The arrival of the first batch is scheduled for next week, starting on April 15th. The items are certified by Anvisa, in addition to the Chinese agency, and will be fully donated to the federal government, which will also take care of the distribution by the States through SUS - Unified Health System. Description