Power & Energy Solutions

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At the annual Council Meeting of the Norwegian procurement organisation, Incentra in Oslo, LUKOIL Marine Lubricants was announced to be the winner of their Supplier of the Year 2018 Award. The Award was received by Mr. Arild Vartdal, LUKOIL’s representative at the Council Meeting, who explained: “We have been working with Incentra for two years and are already supplying 20-25% of their volume now, which is continuously increasing. We are striving to provide the very best service to our customers and we are very proud to receive this award.” Every year, Incentra evaluates their suppliers’ service levels and after coming very close to the top last year, LUKOIL Marine Lubricants was elected Supplier of the Year in 2018. Laila Hansen, Acting Manging Director of Incentra, comments: “We are very satisfied with the excellent cooperation with LUKOIL Marine Lubricants, and we are impressed by their increased volume in such a short time. The Supplier of the Year award is based on several different criteria, among them is the annual supplier evaluation survey, increased turnover and active participation.” About LUKOIL and LUKOIL Marine Lubricants LUKOIL is the leading Russian company in oil exploration, production and refining, as well as marketing of petroleum products. In 2007, its subsidiary LUKOIL

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Leading independent provider of subsea equipment rental, sales and services to the offshore industry, Ashtead Technology Limited has today (7 November, 2018) announced that it has secured a global master lease agreement with a wholly-owned subsidiary of global oilfield services provider, Oceaneering International Inc. The agreement will see Ashtead offer Oceaneering’s range of ROV tools and systems for rental from its facilities in Aberdeen, Abu Dhabi, Houston and Singapore. Oceaneering is the market leading manufacturer of an extensive fleet of ROV equipment comprising of over 5,000 items, including torque tools and test jigs, flying lead orientation tools, hot stabbing equipment, cleaning tools and cutters. Allan Pirie, chief executive of Ashtead, commented: “This global master lease agreement compliments Ashtead's range of subsea tooling and now provides our customers access to a comprehensive line of market leading ROV products and enables us to deliver integrated ROV equipment packages. “As we strive to offer the most reliable, innovative and cost-effective solutions to the industry, this agreement, combined with our own comprehensive range of subsea tooling, allows us to better meet the needs and demands of our customers. “By collaborating with Oceaneering we provide additional access to their market leading ROV tooling product offering, backed by our regional sales

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Santa Fe Springs, California – November 6, 2018 - Trojan Battery Company, LLC, the world’s leading manufacturer of deep-cycle energy storage solutions, announced today that its current majority owner, an affiliate of Charlesbank Capital Partners, has reached an agreement with C&D Technologies, a portfolio company of KPS Capital Partners, for C&D Technologies to acquire Trojan. This acquisition will combine two leading battery manufacturers with complementary product portfolios to create one of the largest energy storage providers with over $1.0 billion of revenue, eight manufacturing facilities and a presence in every major region. The transaction is expected to close in approximately 60 days. “Trojan Battery is an industry leader with a great heritage and an amazing team of employees,” said Neil Thomas, president and CEO of Trojan Battery. “I’m excited about the agreement with C&D and believe that it will secure the company’s future and position it for even greater success in the years ahead.” The Godber family started Trojan Battery in 1925 and built it into one of the leading deep-cycle battery manufacturers in the world.  “I am enthusiastic about the transaction that is taking place with KPS and C&D,” said Rick Godber, Chairman of the Board.   “Although this will end 93 years

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Transformer failure is a concern for over 80% of industry professionals surveyed Failure puts business continuity at risk Operations and maintenance regimes are critical Industry leading research launched today by MIDEL, the world’s leading brand of ester-based transformer fluids, reveals the real and significant threat posed when a transformer fails, and a high level of concern about its impact on business continuity. The research entitled the MIDEL Transformer Risk Report reveals that 6 in 10 industry professionals who took part in the survey had experienced transformer failure in the last five years, while 5 in 10 said transformer failure would significantly impact or halt their businesses’ operations. Barry Menzies, Managing Director Global of MIDEL, said: “Transformers are critical components of our electricity infrastructure, but the impact and extent of transformer failure is not widely documented. “The MIDEL Transformer Risk Report shines a light on transformer failure and the findings are clear: it has a significant and prolonged impact on businesses. An interruption to business operations can be very expensive, demonstrate poor corporate social responsibility and impact business continuity.  “The good news is that many of the causes of transformer failure are largely within the operators’ control. It’s relatively straightforward to replace old equipment and

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China becomes a dominant player in the energy space Paris 2015 Climate Accord targets could slip out of reach, as economy rebounds While the Utilities landscape rebounded with renewed financial strength, the need to accelerate their transformation heightens as competition from new players emerges All segments of the value chain are impacted by digital transformation  Capgemini has today published the twentieth edition of its annual study, the World Energy Markets Observatory (WEMO) report, created in partnership with De Pardieu Brocas Maffei and Vaasa ETT. The study reveals China’s role as a leading worldwide player in technology, equipment and Utilities ownership, and highlights that global economic growth has increased energy demand and leaves long-term climate change targets in question. This is despite a year that saw both fast-rising European carbon prices and falling renewable energy costs. Meanwhile, fossil fuel price increases have led to price rebounds in wholesale electricity and gas markets, notably in Europe. In turn, Utilities are showing improved financial health, and the overall landscape is changing. They are adapting their business models with new technologies such as IoT, AI, chatbots, and blockchain as competition from new players emerges. All segments of the value chain are impacted by

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Neste Corporation Stock Exchange Release 1 November 2018 9 am. (EET) As disclosed on 9 February 2018, Peter Vanacker (born 1966, M.Sc. Chem. Eng.) starts today on 1 November 2018 as the President and CEO of Neste Corporation. He joined Neste in September 2018 as a Senior Executive and since then has familiarized himself with Neste's business and operations. Peter Vanacker joins Neste after working as the CEO and Managing Director of CABB Group GmbH. CABB is a leading globally active fine and specialty chemicals company. Prior to CABB, Vanacker has had a long career in various executive positions at Bayer, where he was responsible for the global polyurethanes business and many significant investment projects. A CV and photo of Peter Vanacker are included in this release. “Neste has been very successful in the past ten years in changing from a national oil refining company to the world's largest sustainable producer of renewable diesel. We will continue to work hard together with Neste's employees, the Board of Directors and my colleagues in the Executive Board to deliver profitable growth and be focused on creating the future. At the same time, we will continue renewing and challenging ourselves," says Peter Vanacker, the President and

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New two-story, 27,000 square foot construction to accommodate administrative functions Former building to house Service Center of Excellence Fast repair services employing clean processes Asslar, Germany, October 30, 2018. Pfeiffer Vacuum, one of the world’s leading providers of high-tech vacuum solutions for the semiconductor, industrial, coating, analytical and R&D markets, opened up a new 27,000 square foot building in Nashua, NH, on October 25. This modern two-story construction will be the home of the North American headquarters for administration, sales, product management, marketing and customer care. In parallel, the former 24,000 square foot administration building has been converted into a Service Center of Excellence, bringing together under one roof all service activities for the major part of the Pfeiffer Vacuum product portfolio. State-of-the-art automated cleaning and test equipment is being utilized resulting in high-quality, fast repairs of the highest standards. Together with the service center in Austin, Texas with its strong presence in the semiconductor industry, Pfeiffer Vacuum has an ideal organization to serve the North American customers. “With the completion of the two facilities, Pfeiffer Vacuum will be able to better support our valued customers throughout North America, while at the same time providing a modern, best-in-class work environment for

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Expanding Battery Technology Portfolio by adding Longer Runtime and More Lifetime than Comparable Lithium Products SANTA FE SPRINGS, Calif., Oct. 29, 2018 –  Trojan Battery Co., LLC, the world’s leading manufacturer of deep-cycle energy storage solutions for Motive and Stationary applications is proud to announce the Trillium line of Trojan Intelligent Lithium batteries.  With life expectancy over 5,000 cycles, Trillium maximizes total energy throughput and lowers lifetime operating costs.  Trillium is ideal for meeting demanding deep-cycling requirements across a wide range of stationary and motive power applications and delivers the best in class performance Trojan batteries are known for. Trojan’s Intelligent Lithium battery has More Runtime, More Lifetime and More Peace of Mind than competing Lithium Ion products in the industrial market segment.  “This is another significant milestone towards our strategic mission of offering a complete range of deep-cycle energy storage technologies and solutions for our customers,” said Neil Thomas president and CEO of Trojan Battery.  “The addition of a highly competitive Lithium product line further strengthens our best-in-class technology portfolio." Trillium is designed and engineered in the USA and is initially available in 3 popular sizes that can be used in a variety of applications.  Trillium offers a range of advanced safety, environmental and

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Class-leading OESV operator has seen unprecedented growth in demand for CTV services across 2018 in offshore wind. Cowes, UK, 29th October 2018 – The fourth quarter of 2018, is, atypically, seeing surging demand for offshore wind crew transfer, according to class-leading offshore energy support vessel (OESV) operator, Seacat Services, as it reports its latest operational figures. In the month of October, transfers and charter days exceeded the sum total for 2017, closely following third quarter figures that surpassed company records to date. The figures come at a time when the industry is traditionally looking at a period of downtime as winter approaches, but demand for larger, more capable, workboats continues to rise. Overall, while the results are a clear positive for individual operators, Seacat Services warns that it is an early indicator of an overheated market, as offshore wind farm developers and operators, and turbine OEMs chase a limited number of high quality offshore energy support vessels. The shortage in vessels follows a period of low demand for CTVs, while offshore wind projects were in the planning phase, exacerbated by the unattractive commercial terms offered by developers during the lull.  This saw some CTV firms exit the market, or deploy vessels elsewhere, as the

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Eemshaven, 26th October 2018. The Dutch Buss Terminal Eemshaven, formerly Orange Blue Terminal, which is majority-owned by the Hamburg-based Buss Group and with as a minority shareholder the Rotterdam based Broekman Logistics, has appointed Reindert-Jan Visser as further Managing Director effective October 15, 2018. He complements the operational management at the side of Martin van den Heuvel and is responsible for commercial and business development. Reindert-Jan was born in 1982 in Groningen, the Netherlands. After completing his studies in engineering, he studied finance and management in Utrecht and Paris. He worked for various international oil and energy companies in the UK, Norway and Germany in commercial positions as well as project management and joint venture management. In addition, Reindert-Jan has worked on several energy projects in the U.S. Reindert-Jan: “I am looking forward to the new task. With the offshore expertise of the Buss Group and the broad logistics expertise of Broekman Logistics, the Buss Terminal Eemshaven is very well suited to handle the enormous challenges of the offshore energy industry. “I am very pleased that we were able to win Reindert-Jan for this position. With his expertise and connections to the international energy sector, he is the right person to further develop

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