I-Byte Energy, Resources and Utilities Industry

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Energy Resources & Utilities

September Edition
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Table of Content s
1. Financial Updates.....................................................1
2.Rewards and Recognition Updates........................14
3.Customer Success Updates.....................................26
4.Partnership Ecosystem Updates............................30
5.Miscellaneous Updates...........................................46

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Financial, M&A Updates

Energy Resources & Utilities Industry

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Origin Reports Full year results 2019
Key Financial Highlights

1
• Origin Energy Limited (Origin) announced a Statutory Profit of $1,211 million for FY2019.
Underlying EBITDA was $3,232 million, with Underlying Profit of $1,028 million, an increase
from $726 million[1] on the prior year.
• Strong earnings by Integrated Gas were achieved from a higher effective oil price, cost
efficiencies and stable production at Australia Pacific LNG. Australia Pacific LNG delivered net
cash flow to Origin of $943 million.
• Energy Markets experienced moderately reduced earnings in electricity as a result of price relief
measures provided to customers, the continued impact of heightened retail competition and lower
average customer numbers and usage.
• A fall in financing costs associated with reduced debt of $5.4 billion as at 30 June 2019, and a
lower average interest rate, contributed to Origin’s improved financial performance.
• The Origin Board announced a new dividend policy and determined a fully franked final
dividend of 15 cents per share, bringing total dividends to 25 cents per share in FY2019.
Executive Commentary
Origin CEO said, “This result is underpinned by contributions from two strong
cash-generating businesses. Our efforts to simplify the organisation and a $1.1
billion reduction in debt resulted in us achieving the lower end of our target
capital structure range.This disciplined approach to capital means Origin is in a
position to deliver both returns to shareholders through the dividend and to focus
on growth opportunities.
For more details, please click the link below:

https://www.originenergy.com.au/about/investors-media/reports-and-results/full-year-results-20190822.html

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Rosneft Reports Financial results for

2Q 2019 and 1H 2019
Key Financial Highlights
2
• 2Q 2019 revenues amounted to RUB 2,135 bln (USD 33.6 bln). The increase in sales by 2.8% QoQ was
driven by higher crude oil prices (+4.8% in RUB terms and +7.4% in USD terms).
• 1H 2019 revenues increased by 11.2% YoY in RUB terms mainly due to higher volumes of crude oil and
petroleum product deliveries (+6.5%) as well as crude oil price growth in RUB terms (+4.8%).
• 2Q 2019 EBITDA amounted to RUB 515 bln (USD 8.0 bln), reduction of 6.0% in RUB terms vs 1Q 2019.
The decline was mainly driven by the change in sales volumes of hydrocarbons caused by limitation of crude
oil delivery and higher export duties.
• In 2Q 2019 net income attributable to Rosneft shareholders amounted to RUB 194 bln (USD 3.0 bln).
A48.1% growth vs 1Q 2019 is mainly driven by the recognition of assets impairment in 1Q 2019.
• Increase in the net income in 1H 2019 of 9.1% YoY was driven by the positive dynamics of the Company’s
operating income and a reduction of financial expenses.
• 2Q 2019 capital expenditures amounted to RUB 222 bln (USD 3.5 bln). The growth of 3.7% vs 1Q 2019
was driven by the active development of Russian and international projects.
• 2Q 2019 free cash flow amounted to RUB 135 bln (USD 2.0 bln).
• 1H 2019 free cash flow amounted to RUB 332 bln (USD 5.0 bln). Free cash flow for the last 12 months
amounted to USD 16.8 bln.
Commenting on 2Q 2019 results Rosneft’s Chairman of the Management Board and
Chief Executive Officer said:“In 2Q 2019 the Company continued to execute strategic
objectives of growing the efficiency of existing assets and reducing debt. Despite
efforts of the management to achieve those goals, the influence of external one-offs
should be noted, which limited the capacity to grow production in 2Q 2019. First of
all, these factors include limiting crude oil intake by the Transneft pipeline system due
to the pollution caused by circumstances beyond the Company’s control as well as a
decrease in crude oil production within the OPEC+ Agreement.

https://www.rosneft.com/press/releases/item/196609/

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Concho Resources Inc. to Sell New Mexico Shelf Assets

for $925 Million and Initiate $1.5 Billion Share
Description 3
Concho Resources Inc. announced that it has entered into a definitive
agreement to sell its assets in the New Mexico Shelf (the “Shelf”) to an
affiliate of Spur Energy Partners LLC for $925 million. In addition, the
Company’s board of directors authorized the initiation of a repurchase
program of up to $1.5 billion of the Company’s shares of common
stock.The divestiture includes approximately 100,000 gross acres. Current
production from the Company’s Shelf assets is approximately 25 thousand
barrels of oil equivalent per day. Following the sale, Concho will maintain
a large presence and development program in southeastern New Mexico
and will continue to support the local communities in which its employees
live and work.
Chairman and Chief Executive Officer, commented, “Proactively managing our asset
portfolio has long been a key part of our strategy. Divesting our New Mexico Shelf position
enables us to accelerate the value of these legacy assets, while focusing our portfolio on
opportunities with the highest potential for strong returns. Further, the transaction reduces
our cost structure and allows us to achieve the leverage target we communicated earlier this
year, while delivering additional returns to shareholders under an initial $1.5 billion share
repurchase program. The share repurchase program demonstrates our continued confidence
in our strategy to generate sustainable oil growth and strong cash flow, and reflects our
commitment to delivering long-term value to our shareholders.”

https://ir.concho.com/investors/investor-news/news-release-details/2019/Concho-Resources-Inc-to-Sell-New-Mexico-Shelf-Assets-for-925-Million-and-Initiate-15-Billion-Share-Repurchase-Program/default.aspx

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Pembina Pipeline Corporation to Acquire Kinder Morgan Canada

and the Cochin Pipeline for $4.35 Billion and Increase Dividend
Description
4
Pembina Pipeline Corporation is pleased to announce that it has entered into
agreements pursuant to which it will acquire Kinder Morgan Canada Limited
and the U.S. portion of the Cochin Pipeline system ("Cochin US") from Kinder
Morgan, Inc. ("KMI") for a total purchase price of approximately $4.35 billion
(the "Transaction"). The Transaction values Kinder Morgan Canada at
approximately $2.3 billion, or $15.02 per share, based on an all-share exchange
ratio of 0.3068 of a common share of Pembina per KML security and Pembina's
30-day volume weighted average price on the date hereof; and Cochin US at
approximately $2.05 billion for cash consideration.
"This acquisition is highly strategic for Pembina, providing enhanced integration with our
existing franchise, entrance into exciting new businesses and clear visibility to creating
long-term value for our shareholders," said Pembina's President and Chief Executive
Officer. "It represents an ideal opportunity to continue building on our low-risk, long-term,
fee-for-service business model while extending our reach into the U.S. through a highly
desirable cross-border pipeline. Further, it will enhance our diversification as well as
Pembina's customer service offering as a leading provider of integrated services to
hydrocarbon producers in Western Canada,"
http://www.pembina.com/media-centre/news-releases/news-details/?nid=135443

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UGI and AmeriGas Partners, L.P. Complete

Merger Transaction
Description 5
UGI Corporation and AmeriGas Partners, L.P. successfully completed the merger
transaction that was announced on April 2, 2019. UGI acquired the approximately 69.2
million public common units of AmeriGas it did not already own in completing the buy-in
of AmeriGas, the nation’s largest retail propane marketer.The closing follows approval of
the transaction by AmeriGas’ unitholders at a special meeting held earlier. Approximately
93% of the AmeriGas common units represented in person or by proxy at the special
meeting, and approximately 60% of the total number of AmeriGas common units
outstanding, were voted in favor of the merger transaction. Effective after the end of
trading, AmeriGas’ common units will no longer trade on the New York Stock Exchange.
President and chief executive officer of UGI, said, “We are pleased to announce
the completion of this transaction, which fully consolidates our ownership of
AmeriGas and creates a platform for future cash flow and earnings growth for
UGI. The transaction enables us to build on our successful 60-year history in
U.S. propane distribution. Additionally, the merger presents an opportunity to
further align our LPG distribution operations across the U.S. and Europe to drive
efficiencies and accelerate growth. Lastly, I would like to welcome the
AmeriGas unitholders to UGI. We look forward to being exceptional stewards of
your capital.”
https://www.ugicorp.com/investors/press-releases/press-releases-details/2019/UGI-and-AmeriGas-Partners-LP-Complete-Merger-Transaction/default.aspx

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Vistra Energy Announces Agreement to Acquire Ambit Energy, Enhancing Vistra's

Position as the Leading Residential Retail Electric Provider In Texas
Description
6
Vistra Energy announced it has entered into an agreement to acquire Ambit Energy
for $475 million plus net working capital in an all-cash transaction. Following the
closing of the transaction, Vistra's share of the ERCOT residential market will grow
from approximately 25 percent to approximately 32 percent and an industry-leading
26 percent in all U.S. competitive markets.Ambit is headquartered in Dallas, Texas
and serves approximately 1.1 million residential customer equivalents in 17 states.
The North Texas overlap of administrative functions will uniquely position Vistra to
capture synergies and enable the teams to quickly integrate operations. Vistra
expects the Ambit business will contribute approximately $125 million to adjusted
EBITDA after the full run-rate of approximately $25 million of anticipated annual
synergies is achieved.
"Ambit is a very attractive standalone retail company and a great match for Vistra's retail
business, given its leading direct selling capability and its proprietary technology platform.
Importantly, Ambit's retail load is nearly two-thirds in the ERCOT market, followed by PJM
and the northeast, and this load is 90 percent comprised of residential and small business
customers," said Vistra's president and chief executive officer. "This acquisition offers
significant benefits including consequential synergies and a material enhancement of
Vistra's generation to retail load match, with total customers reaching nearly 5 million, and
our expected returns from the transaction representing a superior use of capital. Given the
attractive EBITDA to free cash flow conversion profile of the business, we expect the
transaction to have a minimal impact on Vistra's credit metrics and our capital allocation
plan moving forward."
https://investor.vistraenergy.com/investor-relations/news/press-release-details/2019/Vistra-Energy-Announces-Agreement-to-Acquire-Ambit-Energy-Enhancing-Vistras-Position-as-the-Leading-Residential-Retail-Electric-Provider-in-Texas/default.aspx

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TechnipFMC Intends to Create Two Industry-Leading,

Independent, Publicly Traded Companies
Description 7
TechnipFMC plc announced its Board of Directors has unanimously approved its
plan to separate into two industry-leading, independent, publicly traded companies:
RemainCo, a fully-integrated technology and services provider, continuing to drive
energy development; and SpinCo, a leading engineering and construction (E&C)
player, poised to capitalize on the global energy transition. The separation would
enhance both RemainCo’s and SpinCo’s focus on their respective strategies and
provide improved flexibility and growth opportunities. The transaction is expected to
be structured as a spin-off of TechnipFMC’s Onshore/Offshore segment to be
headquartered in Paris, France. The separation is expected to be completed in the first
half of 2020, subject to customary conditions, consultations and regulatory approvals,
at which time all outstanding shares of SpinCo will be distributed to existing
TechnipFMC shareholders.
Chairman and CEO of TechnipFMC, stated, “Since the creation of TechnipFMC, we have
pioneered the integrated business model for subsea and transformed our clients’ proj-
ect economics. To further enhance value creation, our Board of Directors and manage-
ment team have continuously evaluated strategic options and, after a comprehensive
review, determined that it is in the best interest of TechnipFMC and all of our stake-
holders to create two diversified pure-play leaders. We are confident that the separa-
tion would allow both businesses to thrive independently within their sectors,
enabling each to unlock significant additional value.”
https://www.technipfmc.com/en/media/press-releases/2019/08/technipfmc-intends-to-create-two-industryleading-independent-publicly-traded-companies?type=press-releases

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Uganda: Termination of the Agreement with Tullow
Description
8
On January 9, 2017, Total and Tullow entered into a Sale and Purchase
Agreement (SPA) whereby Total would acquire 21.57% out of Tullow’s 33.33%
interest in the Lake Albert licenses. CNOOC exercised its right to pre-empt
50% of the transaction. As a result, Total and CNOOC would have each
increased their interest to 44.1% while Tullow would have kept 11.8%. Since
2017, all parties have been actively progressing the SPA. However, despite
diligent discussions with the authorities, no agreement on the fiscal treatment of
the transaction has been reached. The deadline for closing the transaction has
been extended several times, clearly demonstra ting the endeavors of the parties
to find an agreement. The final deadline will be reached at the end of, August
29, 2019, and as such, the Acquisition Agreement will be automatically
“Despite the termination of this agreement, Total together with its partners
CNOOC and Tullow will continue to focus all its efforts on progressing the
development of the Lake Albert oil resources. The project is technically mature
and we are committed to continuing to work with the Government of Uganda
to address the key outstanding issues required to reach an investment decision.
A stable and suitable legal and fiscal framework remains a critical requirement
for investors”, declared President Exploration & Production of Total.

https://www.total.com/en/media/news/press-releases/uganda-termination-agreement-tullow
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BP to sell Alaska business to Hilcorp
Description
9
BP announced that it has agreed to sell its entire business in
Alaska to Hilcorp Alaska, based in Anchorage, Alaska. Under
the terms of the agreement, Hilcorp will purchase all of BP's
interests in the state for a total consideration of $5.6 billion. The
sale will include BP's entire upstream and midstream business in
the state, including BP Exploration (Alaska) Inc., that owns all
of BP's upstream oil and gas interests in Alaska, and BP
Pipelines (Alaska) Inc.'s interest in the Trans Alaska Pipeline
System (TAPS).
BP group chief executive, said: "Alaska has been instrumental in
BP's growth and success for well over half a century and our
work there has helped shape the careers of many throughout the
company. We are extraordinarily proud of the world-class
business we have built, working alongside our partners and the
State of Alaska, and the significant contributions it has made to
Alaska's economy and America's energy security.
https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-to-sell-alaska-business-to-hilcorp.html

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Kinder Morgan Agrees to Sell U.S. Portion of Cochin Pipeline and Its 70
Percent Interest in KML to Pembina Pipeline Corporation
Description
10
Kinder Morgan, Inc. announced that it has agreed to sell the U.S. portion of the Cochin
Pipeline to Pembina Pipeline Corporation (Pembina) for $1.546 billion, approximately 13
times 2019 expected EBITDA. Also, Kinder Morgan Canada Limited announced that it
reached an agreement with Pembina under which Pembina has agreed to acquire all the
outstanding common equity of KML, subject to the terms of the arrangement agreement
between KML and Pembina. The closing of the two transactions are cross-conditioned upon
each other. The parties expect to close the transactions late in the fourth quarter of 2019 or
in the first quarter of 2020, subject to customary closing conditions, including KML
shareholder and applicable regulatory approvals. KMI expects to use the proceeds to reduce
debt to maintain its Net Debt-to-Adjusted EBITDA ratio of approximately 4.5 times and use
the remaining proceeds to invest in attractive projects and/or to opportunistically repurchase
KMI shares. Initially, proceeds will be used to reduce Net Debt. With the cash proceeds
from the sale of Cochin alone, and assuming the transaction were to close at the end of
2019, KMI would expect to end 2019 with a Net Debt-to-Adjusted EBITDA ratio of
approximately 4.4 times, improved from the approximately 4.6 times year-end projection
announced in the second quarter 2019 earnings release.
“This is an attractive transaction for KMI and KML stockholders,”

said Chief Executive Officer. “It enables KMI to reduce leverage
and gives us the flexibility to create additional value for
shareholders through share buybacks, project investments, or both.”

https://ir.kindermorgan.com/press-release/kinder-morgan-agrees-sell-us-portion-cochin-pipeline-and-its-70-percent-interest-kml-p

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WEC Energy Group to acquire 80% ownership in

Thunderhead Wind Energy Center
Description
10
WEC Energy Group announced that the company has agreed to acquire an
80% ownership interest in Thunderhead Wind Energy Center. The project is
being developed in Antelope and Wheeler counties, Nebraska by Invenergy
-- a leading developer and operator of sustainable energy solutions.
Commercial operation is expected to begin by the end of 2020. The wind
farm has a long-term offtake agreement with a Fortune 100 company for
100% of the energy produced. The Thunderhead site will consist of 108 GE
wind turbines with a combined capacity of 300 megawatts. WEC Energy
Group's investment will total $338 million for the 80% ownership interest.
"This investment fits exceptionally well with our strategy of
deploying capital in renewable energy assets that will serve
strong, vibrant companies for years to come," said executive
chairman of WEC Energy Group.

https://investor.wecenergygroup.com/investors/news-releases/press-release-details/2019/WEC-Energy-Group-to-acquire-80-ownership-in-Thunderhead-Wind-Energy-Center/default.aspx

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The merger of PKN ORLEN and Grupa LOTOS

is entering another important stage
Description
12
PKN ORLEN signed an agreement with the State Treasury and Lotos Group
regarding the purchase of shares of the Gdańskcompany.This is another step that
brings both companies closer to the creation of an integrated, strong group, effectively
competing on international markets and significantly strengthening the security of the
Polish economy in the area of fuels and energy. The agreement indicates the
framework structure of the transaction.The current direction and basic assumptions of
the connection were confirmed, which were specified in the Letter of Intent between
PKN ORLEN and the State Treasury from February 2018.The document reserves the
right to refine the structure, especially on the basis of remedies that will result from
decisions of the European Commission.
This is another important stage in the capital takeover of Grupa LOTOS by PKN
ORLEN.For the first time the framework of this transaction was confirmed by all
parties.The combination of the potentials of both companies is of strategic importance both
in the context of development investments and the diversification of crude oil supplies,
which is important for the security of Poland but also the region.Only companies, local
governments in which they operate, as well as customers will benefit from functioning in
one group.We must face increasing competition in a competitive market.Most of our
European competitors have already had consolidation processes behind them and are
effectively using the advantages of this.We cannot lag behind, which is why we are
implementing this project with determination for the benefit of the Polish economy -
saysPresident of the Management Board of PKN ORLEN.

https://www.orlen.pl/PL/BiuroPrasowe/Strony/Połączenie-PKN-ORLEN-i-Grupy-LOTOS-wchodzi-w-kolejny-ważny-etap.aspx

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EDP invests 500 thousand euros in national startup

that reduces fuel consumption
Description
13
EDP, through EDP Ventures, has just invested 500,000 euros in a Portuguese startup that helps freight truck
drivers to optimize their journeys, saving time between journeys and, above all, saving fuel, which takes up
about 40% of the transport companies' budgets. Fuelsave is developing a solution that collects electronic
data from each truck and analyzes it, which aids in discovering the different driving parameters that have an
impact on fuel consumption. This way, and without increasing the time of each trip, freight companies can
reduce their main expense while increasing driving safety. The solution developed by the company has a
pending patent application for its differentiating aspect compared to what already exists on the market.
Though the use of a device installed on the trucks and a cell phone or tablet, drivers have constant and
personalized support when traveling. Fuelsave began developing this solution in 2018 and currently has
pilot projects on more than 100 vehicles of various national freight carriers. The first results point to an
average fuel saving rate of 20%. As such, Fuelsave is positioned as a stand-alone platform for managing the
company's fleets more efficiently and taking a fundamental step toward making autonomous driving a
reality in the truck segment.
"The transport sector still has too much weight in CO2 emissions, and freight is
a big part of this problem. Therefore, in line with EDP's commitment to
sustainable mobility, we believe that development of smart driving solutions that
significantly reduce fossil fuel consumption is part of the future. Fuelsave has
made a remarkable journey in this field, but the work it is doing in
semi-autonomous and autonomous driving is also exciting, and we believe that it
will be the future. Therefore, it has a very attractive business perspective, in line
with EDP's strategy," says Administrator of EDP Inovação.
https://www.edp.com/en/news/2019/08/26/edp-invests-500-thousand-euros-national-startup-reduces-fuel-consumption

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Rewards & Recognition Updates


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HPCL bags ‘Best Navratna’ under Manufacturing Category

at Dun & Bradstreet PSU Awards 2019
R&R Description
14
HPCL bags ‘Best Navratna’ award in ‘Manufacturing
Category’ at Dun & Bradstreet PSU Awards 2019
consecutively for second year in a row. The award
ceremony was held on 22nd August, 2019 at New
Delhi.Dun & Bradstreet PSU Awards have been instituted
to recognize and felicitate the top performing PSUs in
India for business excellence and acknowledge their
contribution in socio-economic development of the
country. The awards are given across various categories
based on multiple performance parameters.Award winners
were selected based on a proprietary financial model
developed by M/s Dun & Bradstreet India. The model
takes into consideration of size, growth and profitability
indicators to arrive at the award winners.This prestigious
award is the testimony of HPCL’s excellence across all
facets of business.
https://www.hindustanpetroleum.com/pressreleasedetails?EnDocID=293

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Ameren named to elite list of 'Top Utilities in Economic

Development' in the nation
R&R Description
15
Ameren Corporation was just named to the prestigious list of Top Utilities in
Economic Development in 2019 by Site Selection magazine. This is the fourth
time Ameren has earned the distinction, having previously been named to the
list in 2007, 2011 and 2012. Energy companies from across the country are
evaluated on many criteria, including the innovative programs and incentives
they offer to attract and expand businesses and create new jobs.Ameren
achieved significant milestones in 2018 that position the company to continue
to deliver superior value for its customers and spur economic growth in the
communities it serves. Ameren Missouri developed a new Economic
Development Incentive Rider offering an up to 40 percent discount over a
five-year term for qualifying energy users and provided customers with a 6%
rate decrease in 2018. Ameren Illinois grid improvements saw reliability
increase by 19% while rates remain 26% below the national average for
commercial customers.This year's elite group of Top Utilities in Economic
Development was determined by examining corporate end-user facility
investment project activity in 2018 within the energy companies' service
territories. The data was then used to calculate the jobs and capital investment
numbers on a cumulative and per-capita basis resulting from those projects.

http://ameren.mediaroom.com/2019-09-04-Ameren-named-to-elite-list-of-Top-Utilities-in-Economic-Development-in-the-nation

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Consumers Energy Ranks #1 for Customer Satisfaction

in Midwest among Large Natural Gas Providers
R&R Description
16
Consumers Energy ranks highest in customer satisfaction among large
natural gas providers in the Midwest, according to the J.D. Power 2019
Gas Utility Residential Customer Satisfaction Study.Consumers Energy
received the highest marks among 17 utilities included in the segment of
large gas utilities in the Midwest.Consumers Energy provides natural gas to
over 4 million Michigan residents through nearly 30,000 miles of pipelines.
Over 2,000 Consumers Energy employees are dedicated to serving the
company's natural gas customers, who are concentrated in southeast
Michigan but reach across 45 counties.J.D. Power is a global leader in
consumer insights, advisory services and data and analytics. These
capabilities enable J.D. Power to help its clients drive customer
satisfaction, growth and profitability. Established in 1968, J.D. Power has
offices serving North America, South America, Asia Pacific and Europe.

https://www.cmsenergy.com/investor-relations/news-releases/news-release-details/2019/Consumers-Energy-Ranks-1-for-Customer-Satisfaction-in-Midwest-Among-Large-Natural-Gas-Providers/default.aspx

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Ipiranga reinforces its position as one of the “Most

Valuable Brands in Brazil”
R&R Description
17
Ipiranga continues to be one of the most valuable brands in the
country, according to the 2019 Most Valuable Brazilian Brands study,
published by Interbrand, a global consultancy that develops and
manages brand value. In the ranking of 25 brands indicated by the
survey, Ipiranga occupies the 13th position and receives the award for
the seventh consecutive year . The study evaluated 117 brands in 16
different categories. In the research, levels of knowledge,
consideration, preference, use, recommendation and rejection were
explored, as well as the attributes that permeate the image of
consumers in relation to brands. Interbrand's brand appraisal
methodology, certified to ISO 10668 for monetary requirements in
brand appraisals, analyzes the influence of the brand on the
organization's performance according to its impact on consumers,
employees, suppliers and investors.

http://www.ultra.com.br/show.aspx?idMateria=CZD0BMHA/jv7BkfHxReFpw==&IdCanal=lFCr3MZb2aK2gOi/HXr/qA==

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Alliant Energy named a Top Utility in

Economic Development
R&R Description
18
Alliant Energy has been chosen for the annual list of the Top Utilities in
Economic Development. Site Selection magazine provided the recognition
based on the company’s contribution to the local economies and communities in
its service area.Site Selection’s September issue cites Alliant Energy’s economic
development team and its collaboration with local, regional and state partners
for delivering more than $1.4 billion in new capital investment and more than
3,600 new jobs across the company’s Iowa and Wisconsin service areas in 2018.
Alliant Energy was involved in 49 new industrial, warehouse and office
projects.This is the first time Alliant Energy has been featured on Site
Selection’s list, which is a significant milestone as the company continues to
enhance its economic development efforts and works to fuel growth in its
service area. Over the past few years, Alliant Energy has invested in large
industrial sites such as the Beaver Dam Commerce Park and added national
marketing staff to its economic development team.

https://www.alliantenergy.com/AlliantEnergyNews/NewsReleases/NewsRelease090319

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Chevron Receives Freedom Award
R&R Description
19
Chevron Corporation last week announced it is among the 15
recipients of the 2019 Secretary of Defense Employer Support
Freedom Award. Instituted in 1996, the award is the highest
recognition given by the U.S. Government to employers for their
support of their employees who serve in the National Guard and
Reserve. More than 2,400 nominations were submitted for the
Employer Support of the Guard and Reserve program to acknowledge
those employers who go far above and beyond in providing supportive
work environments for their Reserve Component employees.The
company is also proud to have a Veterans Network which includes
almost 1,000 employees who identify themselves as U.S. military
veterans. This group works diligently to ensure veterans and reservists
are represented and engaged at all levels of the company.

https://www.chevron.com/stories/chevron-receives-freedom-award

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Iberdrola's outstanding stock market performance has

earned it a place in the STOXX Europe 50 index
R&R Description
20
Iberdrola has been included in the STOXX Europe 50 index, a leading
European stock index comprising the main companies in Europe,
including those from the UK and Switzerland, which are absent from
the EURO STOXX 50 where Iberdrola is also featured.The inclusion
of Iberdrola in the STOXX Europe 50 index, which takes into account
both market capitalisation and free float, will become effective on 23
September and will give the company more visibility among
international investors, many of whom build their portfolios based on
the stocks listed by this index.Iberdrola, which is one of the two
Spanish companies in the index (the other one being Santander), has
experienced a value appreciation of almost 35% year-to-date. The
company's market capitalisation is now €61.3 billion vis-à-vis €12
billion back in January 2001.

https://www.iberdrola.com/press-room/news/detail/iberdrola-s-outstanding-stock-market-performance-earned-place-stoxx-europe-index

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Iberdrola, the only European utility included in the 20

editions of the Dow Jones Sustainability Index
R&R Description
21
Iberdrola has once again been included in the Dow Jones Sustainability
Index (DJSI), making it the only European utility to have been included in
the selection throughout its 20 editions, according to data published by
S&P Dow Jones Indices and RobecoSAM, who are responsible for
producing them.Furthermore, Iberdrola has been included in both the
global index, DJSI World and the European one, DJSI Europe. This
highlights the group's firm commitment to the highest environmental,
social and corporate governance standards, since from an initial universe of
some 10,000 companies only 10% of the top scoring companies in terms of
sustainability are finally selected.The trends in these indices also illustrates
how investor interest in the most sustainable companies has been
increasing over the past few years: since 2001, the DJSI World has gained
95.71% and the DJSI Europe has increased in value by 134.14%.
Iberdrola's stock for its part has increased in value by 146.05%.

https://www.iberdrola.com/press-room/news/detail/iberdrola-only-european-utility-included-editions-jones-sustainability-index

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Petrobras is one of the winners of the 2019

Transparency Trophy
R&R Description
22
Petrobras informs that it is one of the winning companies of the
Transparency Trophy 2019. The company was among the 10 best in Brazil
in the category public companies with revenues over $ 5 billion. The award
evaluates criteria such as the quality of the information contained in the
company's financial statements and explanatory notes, the transparency of
the information provided, the consistency of the management report and
the adherence to accounting principles in the year prior to the award
(2018). In all, more than two thousand financial statements of Brazilian
companies were technically analyzed by masters and doctoral students of
the Faculty of Economics, Administration and Accounting of the
University of São Paulo (FEA-USP). The award was announced this
Friday, August 16. The trophy will be delivered on October 15th.Created in
1997, the Transparency Trophy is organized by the Association of Finance,
Administration and Accounting Executives (Anefac), in partnership with
the Foundation Institute for Accounting, Actuarial and Financial Research
(Fipecafi) and Serasa Experian.

https://www.agenciapetrobras.com.br/Materia/ExibirMateria?p_materia=981109

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Petrobras wins international award for innovative

technologies in pre-salt Libra block
R&R Description
23
Petrobras will receive one of the most important awards from the oil
and gas industry, awarded by the Brazilian edition of the Offshore
Technology Conference (OTC Brazil), for the set of innovations
developed in the Libra Pre-Salt Long Term Test (TLD). from Santos.
According to OTC Brasil, the award recognizes the innovative
approach of the Libra TLD, which has enabled simultaneous
monitoring of field pressure through remote devices, oil production
and gas injection. “The Libra TLD has taken the concept of dynamic
assessment to a new dimension,” the organization said in a statement.
Gas reinjection during the TLD is one of five new technologies
employed to enable oil and gas production in Libra. These innovations
were crucial for the company to break, in this block, the monthly
average production record through a single offshore well, which
reached 58 thousand barrels of oil equivalent (boe) per day.

https://www.agenciapetrobras.com.br/Materia/ExibirMateria?p_materia=981125

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ONGC sweeps Dun & Bradstreet PSU Awards, bags

4 honors in Maharatna category
R&R Description 24
Oil and Natural Gas Corporation Limited (ONGC) bagged four
major honors in the Dun & Bradstreet (DNB) PSU Awards
2019. On 22 August 2019 DNB awarded energy Maharatna
ONGC with four awards – two for exploration and one each in
CSR and Swachh Bharat. Dun and Bradstreet is one of the
largest agencies in the world that provide commercial data,
analytics, and insights for businesses. It has been operating in
India since 1997.ONGC subsidiaries MRPL and HPCL were
also among the awardees on the occasion.

https://www.ongcindia.com/wps/wcm/connect/en/media/press-release/ongc-sweeps-dun-bradstreet-awards-maharatna-category

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FirstEnergy Named Top Utility for Economic

Development by Site Selection Magazine
R&R Description
25
FirstEnergy Corp. has been named by Site Selection magazine
as one of the nation's leading utilities in promoting economic
development, helping to attract nearly 11,000 new jobs and $3.9
billion in third-party capital investment in its six-state service
area in 2018. The award recognizes utility companies that
complement reliable power delivery to their customers with a
hands-on approach to encouraging business development in
their operational areas. Recipient utilities are chosen based on a
mix of objective and subjective criteria, including what the
utility does to help create jobs and facilitate investment in its
area, website tools and data that can be used to help business
development, and survey responses from customers and
potential customers.

https://www.firstenergycorp.com/content/fecorp/newsroom/news_articles/firstenergy-named-top-utility-for-economic-development-by-site-s.html

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Customer Success Updates


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TechnipFMC Awarded a Significant Integrated EPCI (iEPCI™)

Contract for the Shell PowerNap project in the Gulf of Mexico
Description
26
TechnipFMC has been awarded a significant integrated
Engineering, Procurement, Construction and Installation
(iEPCI™) contract by Shell for the PowerNap project,
located in the Gulf of Mexico. TechnipFMC will design,
manufacture and install subsea hardware, including subsea
tree systems, subsea distribution controls, topside controls,
flying leads and connectors for three wells, in addition to the
supply of 20 miles of production umbilical and
flowlines.PowerNap is a subsea tie-back project to the
Olympus production hub and is located in Mississippi
Canyon, Block MC943 in the Gulf of Mexico. The project is
expected to complete installation in late 2021 and produce
up to 35,000 barrels per day of oil equivalent at peak rates.

https://www.technipfmc.com/en/media/press-releases/2019/08/technipfmc-awarded-a-significant-integrated-epci-iepci-contract-for-the-shell-powernap-project-in-th?type=press-releases

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Sembcorp and UBS Sign Deal for Solar-Powered

UBS Offices in Singapore
Description 27
Sembcorp Industriesand global financial institution UBS are pleased to
announce that they have signed a long-term solar energy deal in Singapore.
As part of this deal, Sembcorp will provide locally-sourced renewable
power to support UBS Singapore’s operations over the next ten years. UBS
will be Sembcorp’s first renewable energy partner in the financial services
industry. This partnership will run 25% of UBS’s annual consumption
across all of its offices in Singapore, where the amount of renewable
energy consumed will replace close to 20 million kilogrammes of carbon
emissions in 10 years. By 2020, 100% of UBS operations in Singapore will
fully run on renewable energy. Sembcorp will provide renewable energy to
UBS Singapore offices through the sale of renewable energy attributes
from surplus power generated by more than 15,000 offsite rooftop solar
panels totaling 6.3 megawatt-peak (MWp) in capacity. These solar panels
will be installed on top of a 40,000 square meter exhibition hall in
Singapore by December 2019. All surplus solar energy generated from
these panels have been exclusively bought by UBS for its operations in its
Singapore offices, one of the first financial institutions in Singapore to
solely purchase solar power from a local solar energy supplier.

https://www.sembcorp.com/en/media/media-releases/energy/2019/september/sembcorp-and-ubs-sign-deal-for-solar-powered-ubs-offices-in-singapore/

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Iberdrola has started installing wind turbines on the

El Pradillo wind farm
Description 28
Iberdrola is making progress with the construction of the El
Pradillo wind farm complex (23 MW), where it has just started
installing the first wind turbines. The facility is located in the
municipal areas of Frescano, Borja and Agón in Zaragoza,
Aragón.The wind turbines will be fully installed within the next
two months. The wind farm is made up of a total of 6 Siemens
Gamesa G132 wine turbines, with 3.4 MW unit capacity and
one SG114 2.1 MW wind turbine.The wind turbine components
- towers, blades, nacelles/hubs, generators, multiplier and
transformers - have been manufactured in Spain at plants in
Zaragoza, Navarra, Gijón, Soria, Cantabria and Burgos.The
project, developed in conjunction with Caja Rural de Navarra,
represents an investment of €26 million and is expected to enter
into service at the end of this year.The production generated by
El Pradillo will provide clean energy to the equivalent of 10,500
homes/year and prevent the emission of 17,300 tonnes of CO2 a
year.

https://www.iberdrola.com/press-room/news/detail/iberdrola-started-installing-wind-turbines-pradillo-wind-farm

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National Grid Enhances Bill Payment Options for

Its Seven Million Customers
Description 29
National Grid announces enhanced bill pay options through a vendor

relationship with doxo, the all-in-one web and mobile bill pay, providing
customers with added convenience and security when paying their energy bills.
New features include payment via Apple Pay, overdraft protection, paperless
billing options, and more. National Grid customers can pay their energy bills
along with other household bills from one convenient location – via desktop or
mobile phone. doxo also helps users reduce potential bank overdrafts by
monitoring bank balances in real-time, so customers have full visibility into
their accounts before making each payment.National Grid’s integration with
doxo benefits both consumers and business customers. Many businesses have
multiple locations and now they are able to organize all of their National Grid
accounts together with a single login in a single app. Businesses can select
different payment options or set up auto-pay with limits to ensure they are
alerted if they need to review a particular bill. Additionally, once a business
customer goes paperless on doxo, all their National Grid bills are organized and
archived alongside their payment history in a single place.

https://news.nationalgridus.com/2019/09/national-grid-enhances-bill-payment-options-for-its-seven-million-customers/

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Partnership Ecosystem Updates


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First Nation Partnership Powers Completion of the

Niagara Reinforcement Line
Description 30
Hydro One, with Six Nations of the Grand River Development Corporation, a
community owned corporation of the Six Nations of the Grand River First
Nation, and Mississaugas of the Credit First Nation, announced the completion
of the Niagara Reinforcement Line. This line was completed in collaboration
with these First Nations and is expected to provide long-term benefits through
an equity ownership model, which could serve as a framework for future
infrastructure projects across Ontario.The Niagara Reinforcement Line is a 76
km double circuit, 230 kV transmission line primarily along an existing Hydro
One right-of-way between Allanburg Transformer Station and Middleport
Transformer Station. The line was brought to completion by A6N, a joint
venture between Six Nations of the Grand River Development Corporation and
Aecon Group Inc.As part of this the project's partnership model, both First
Nation partners are planned to have an equity ownership in the line, which
would provide an annual income to these partners over the life of the asset,
supporting investments in local community priorities. This First Nations
ownership agreement is expected to be finalized in the coming weeks.

http://hydroone.mediaroom.com/2019-09-05-First-Nation-Partnership-Powers-Completion-of-the-Niagara-Reinforcement-Line

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Saipem S.p.A. in joint venture with Daewoo E&C Co. Ltd and Chiyoda Corporation signed a
“letter of intent” with respect to the EPC Contract of the Nigeria LNG Train 7
Description 31
Saipem S.p.A. informs that Nigeria LNG Limited signed a “letter of
intent” with Saipem S.p.A. in joint venture with Daewoo E&C Co. Ltd
and Chiyoda Corporation (SCD JV), whereby Nigeria LNG Limited
confirmed SCD JV as its preferred bidder, and its intention to award to
SCD JV the contract for the Engineering, Procurement & Construction
of the Nigeria LNG Train 7 Project after a competitive FEED contract.
The intended award of the EPC contract is conditional upon the
approval of Nigeria LNG Limited’s board of directors and
shareholders, the approval of any governmental or regulatory
authorities, the achievement of any conditions precedent to a final
investment decision by Nigeria LNG Limited and the execution of a
legally binding EPC contract by the parties. With the signature of the
letter of intent, Nigeria LNG Limited and the members of SCD JV
committed to finalize the EPC Contract based upon the proposals
submitted by SCD JV, on an exclusive basis.

https://www.saipem.com/en/media/press-releases/2019-09-12/saipem-spa-joint-venture-daewoo-ec-co-ltd-and-chiyoda-corporation?referral=%2Fen%2Fmedia%2Fpress-releases

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RusHydro and VTB Bank agreed to improve

terms of the forward contract
Description 32
PJSC RusHydro announces signing an agreement of
intent with VTB Bank to improve the terms of the
forward agreement. Both parties agreed on further steps to
improve terms of the forward contract. Those steps should
include lowering the forward rate by 0.5% p.a. and
extension of the agreement for three years through 2025.
RusHydro and VTB will also seek to jointly work on
increasing the share price of RusHydro.

http://www.eng.rushydro.ru/press/news/109227.html

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Cheniere and EOG Resources Announce Long-Term

Gas Supply Agreements
Description 33
Cheniere Energy, Inc. announced that its subsidiaries, Corpus
Christi Liquefaction, LLC and Cheniere Corpus Christi
Liquefaction Stage III, LLC, have entered into long-term gas
supply agreements (“GSA”) with EOG Resources, Inc. Under
the GSAs, EOG has agreed to sell natural gas to Cheniere over
a period of approximately 15 years beginning in early 2020,
with the quantity starting at 140,000 MMBtu per day and
increasing to 440,000 MMBtu per day. The LNG associated
with 140,000 MMBtu per day of this gas supply, or
approximately 0.85 million tonnes per annum (“mtpa”), will be
owned and marketed by Cheniere and EOG will receive a price
based on the Platts Japan Korea Marker (JKM) for this gas. The
remaining 300,000 MMBtu per day will be sold by EOG to
Cheniere at a price indexed to Henry Hub.

https://chenierelng.gcs-web.com/news-releases/news-release-details/cheniere-and-eog-resources-announce-long-term-gas-supply

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ExxonMobil and Mosaic Materials to explore new

carbon capture technology
Description 34
ExxonMobil and Mosaic Materials said that they have entered
into an agreement to explore the advancement of breakthrough
technology that can remove carbon dioxide from emissions
sourcesMosaic Materials has progressed research on a unique
process that uses porous solids, known as metal-organic
frameworks, to separate carbon dioxide from air or flue gas.
The agreement with ExxonMobil will enable further discussion
between the two companies to evaluate opportunities for
industrial uses of the technology at scale.Mosaic Materials’
agreement with ExxonMobil is part of Mosaic’s commitment to
accelerate the impact of its innovative, low-cost technology, and
is Mosaic’s latest direct engagement with companies across a
range of industries to demonstrate both the cost reductions and
the environmental benefits of employing Mosaic’s solutions.

https://corporate.exxonmobil.com/News/Newsroom/News-releases/2019/0826_ExxonMobil-and-Mosaic-Materials-to-explore-new-carbon-capture-technology

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Total Strengthens Its International Partnership

with Qatar Petroleum
Description 35
Total and Qatar Petroleum have further strengthened their international partnership
by signing agreements under which Qatar Petroleum will farm into Total-held
exploration acreage in Namibia, Guyana and Kenya. Following completion of the
transactions, which are subject to approval by relevant authorities, Qatar Petroleum
will partner with Total in each country as outlined below:
Namibia: Total will transfer to Qatar Petroleum a 30% interest in Block 2913B and
retain a 40% interest. Total will also transfer to Qatar Petroleum 28.33% in Block
2912 and retain 37.78%. The deepwater blocks are located in the Orange Basin,
offshore Namibia. A first exploration well is scheduled to be drilled next year on
Block 2913B.
Guyana:Qatar Petroleum will have 40% of the company holding Total’s existing 25%
interests in the Orinduik and Kanuku blocks, adjacent to the Stabroek Block in the
prolific offshore Guyana Basin. Total will retain the remaining 60% of this company.
Following the Jethro discovery on the Orinduik license earlier this month, a second
exploration well (Joe-1) is being drilled on the same block. A third (Carapa-1) is
planned for later this year on the Kanuku license.
Kenya: With ENI, Total will transfer a combined 25% interest in Blocks L11A, L11B
and L12 to Qatar Petroleum. Total’s interest will be reduced from 45% to 33.75%.
All three blocks are located in Kenya’s deep offshore. An exploration well is planned
for Block L11B in 2020.

https://www.total.com/en/media/news/press-releases/total-strengthens-its-international-partnership-qatar-petroleum

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Total and Envision join forces to capture the fast-growing

distributed solar energy market in China
Description 36
TEESS, a 50/50 joint venture company, established by Total, and Envision Group, a
global leading smart energy technology company, launches its commercial activity to
develop on site distributed generation solar projects for B2B customers in China.
TEESS will offer its clients a unique combination of distributed solar energy systems
and digital solar energy solutions running on Envision’sAIoT Operating System
EnOS™. This offer will allow the clients to decarbonize their energy while reducing
energy costs, optimizing & digitalizing energy management, and enhancing the
safety and reliability of energy utilization.Envision is a global leading smart energy
technology company with extensive expertise in energy digital platforms, wind and
solar energy development, energy storage and vehicle to grid. Envision owns the
world largest IoT platform, EnOS™, which currently manages over 100 gigawatts of
energy assets all over the world. Headquartered in Shanghai, Envision has
established 8 global technology innovation centers in Singapore, Denmark, Germany,
the United States and Japan. The MIT Technology Review listed Envision as top one
of the 50 smartest companies in China in 2019.

https://www.total.com/en/media/news/press-releases/total-and-envision-join-forces-capture-fast-growing-distributed-solar-energy-market-china

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Gazprom and SIBUR sign documents for further

cooperation in gas processing and chemistry
Description 37
Chairman of the Gazprom Management Committee, and Chairman of the
Management Board of SIBUR Holding signed at the 5th Eastern Economic
Forum in Vladivostok a preliminary contract.The document outlines the basic
terms of long-term supplies of liquefied petroleum gases (LPG) and additional
volumes of ethane fraction from the Amur Gas Processing Plant (GPP) to the
future Amur Gas Chemical Complex (GCC) of SIBUR. According to the
preliminary contract, the aggregate amount of feedstock deliveries may reach
up to 1.5 million tons per year. The prices will be calculated based on the
formulas agreed upon by the parties. Thus, taking into account the contract for
ethane fraction supplies (about 2 million tons per year) signed by the parties in
May 2018, the overall amount of ethane fraction and LPG deliveries may total
up to 3.5 million tons per year. The enhanced cooperation between the
companies will help set up a major gas processing and chemical cluster in the
Amur Region, spurring socio-economic development in the Russian Far East.

https://www.gazprom.com/press/news/2019/september/article487061/

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Gazprom GazomotornoyeToplivo, Gazpromneft Marine

Bunker, and USC agree on strategic partnership
Description 38
Director General of Gazprom GazomotornoyeToplivo, Acting
Director General of Gazpromneft Marine Bunker, and President of
United Shipbuilding Corporation (USC), signed at the 5th Eastern
Economic Forum in Vladivostok a Memorandum of Cooperation
and Strategic Partnership. The document was signed in the
presence of Chairman of the Gazprom Management Committee,
and Chairman of the Board of Directors of USC.The Memorandum
provides for joint efforts in expanding the use of liquefied natural
gas (LNG) as a fuel for marine transport in Russia. The parties
intend to cooperate in developing LNG-powered vessels,
interacting with potential consumers from among shipping
companies, building infrastructure for LNG bunkering, and
creating an up-to-date legal and regulatory framework for the use
of LNG as a motor fuel.

https://www.gazprom.com/press/news/2019/september/article487064/

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Rosneft, INP and ENH Expand Cooperation in

Mozambique
Description 39
Rosneft Oil Company and the National Petroleum Institute
(Instituto Nacional de Petróleo, INP) have signed a Cooperation
Agreement. The document was signed by Chief Executive
Officer of Rosneft Oil Company and Chairman of INP. In
addition, Rosneft has signed a Memorandum on Expansion of
cooperation in Mozambique with the National Hydrocarbon
Company (Empresa Nacional de Hidrocarbonetos, ENH). Upon
the signing, Rosneft will be granted the right to study available
geological data on a number of onshore and offshore blocks in
Mozambique in order to examine their potential; and the
opportunity to enter the projects on those blocks in the future.


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Rosneft and the Ministry of Industry and Trade of the

Russian Federation Sign Cooperation Agreement
Description 40
Rosneft Oil Company and the Ministry of Industry and Trade of
the Russian Federation have signed a Cooperation Agreement
on the sidelines of the 5th Eastern Economic Forum.The
agreement expands the areas of cooperation between the
Company and the Ministry. The document covers the
implementation of joint initiatives to develop industrial
infrastructure in the Russian Federation, including through the
localisation and import substitution of foreign technologies and
equipment. The agreement will help support the export of
industrial products, provide access to markets for goods and
services, as well as implement measures in regard to foreign
trade with the involvement of trade missions of the Russian
Federation abroad.


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Rosneft and Yamalo-Nenets Autonomous District Expand Cooperation

in Social Sphere and Environmental Protection
Description 41
Rosneft Oil Company and Yamalo-Nenets Autonomous District
have signed additional agreements on cooperation in social
development and environmental protection during the 5th Eastern
Economic Forum.As agreed, Rosneft will help to implement a
range of important infrastructure projects in the region, to build
new cultural and sports objects. In addition, the Company will
contribute to providing assistance, healthcare services, and
rehabilitation to incapacitated and severely ill children, as well as
to supporting organisations established to protect war veterans,
labour veterans, military veterans, incapacitated and disabled
persons, and the indigenous minorities of the North.Another area of
cooperation will be environmental protection. In particular, Rosneft
is implementing measures to replenish biodiversity in the water
bodies of the fishing industry in Yamalo-Nenets Autonomous
District.


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Lukoil and Astrakhan Continue Cooperation on

Social and Economic Development
Description 42
Head of the Astrakhan Region and President of LUKOIL signed an
agreement on cooperation for the next five years and discussed
future projects to develop mineral resources, implement programs
for generation of electric power and other initiatives, crucial for the
social development of the region, in Astrakhan. According to the
document, LUKOIL will further support construction of healthcare,
recreational, cultural and sports facilities, contribute to renovation
of parks and donate to orphanages, care homes and dance and
music companies. LUKOIL is the region’s major investor. The
company’s exploration effort in the Caspian Sea resulted in the
discovery of nine fields with total initial recoverable reserves
amounting to around seven billion barrels of oil equivalent. Having
commenced production at two more oil and gas fields, LUKOIL is
busy with construction of infrastructure facilities at a third field,
slated for startup in 2023.

http://www.lukoil.com/PressCenter/Pressreleases/Pressrelease?rid=349221

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NOVATEK Signed MOU with H-Energy
Description 43
During the Eastern Economic Forum in Vladivostok, PAO
NOVATEK and H-Energy Global Ltd, India, signed a
Memorandum of Understanding (MOU). The MOU envisages
cooperation in LNG supplies to India on a long-term basis, joint
investment in future LNG terminals of H-Energy and LNG
projects of NOVATEK, as well as establishing a joint venture to
market LNG and natural gas from NOVATEK’s portfolio to
end-customers in India, Bangladesh and other markets.PAO
NOVATEK is the largest independent natural gas producer in
Russia, and in 2017, entered the global gas market by
successfully launching the Yamal LNG project. Founded in
1994, the Company is engaged in the exploration, production,
processing and marketing of natural gas and liquid
hydrocarbons.

http://www.novatek.ru/en/press/releases/index.php?id_4=3398&from_4=1

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NOVATEK Creates Shipping Joint Venture

with Sovcomflot
Description 44
During the Eastern Economic Forum in Vladivostok, PAO
NOVATEK and PAO Sovcomflot, signed the Heads of
Agreement on creating a joint venture. According to the
Agreement, the Parties intend to create a shipping company,
with the potential involvement of other joint venture
participants. The joint venture will focus on managing the
construction and operations of Arctic ice-class LNG carriers in
accordance with best industry practices and international
standards, ensuring the optimized transportation from
NOVATEK’s future LNG projects in the Russian Arctic region,
including the Arctic LNG 2 project.PAO NOVATEK is the
largest independent natural gas producer in Russia, and in 2017,
entered the global gas market by successfully launching the
Yamal LNG project. Founded in 1994, the Company is engaged
in the exploration, production, processing and marketing of
natural gas and liquid hydrocarbons.


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NOVATEK Signs Cooperation Agreement with the

Government of Chukotka Autonomous Area
Description 45
During the Eastern Economic Forum in Vladivostok,PAO
NOVATEK and the Government of the Chukotka Autonomous
Area signed a Cooperation Agreement. According to the
Agreement, the Company will consider projects introducing LNG
as a fuel for distributed power generation, as well as motor fuel for
maritime, automotive transport and mining equipment in
Chukotka.PAO NOVATEK is the largest independent natural gas
producer in Russia, and in 2017, entered the global gas market by
successfully launching the Yamal LNG project. Founded in 1994,
the Company is engaged in the exploration, production, processing
and marketing of natural gas and liquid hydrocarbons. The
Company’s upstream activities are concentrated mainly in the
prolific Yamal-Nenets Autonomous Region, which is the world’s
largest natural gas producing area and accounts for approximately
80% of Russia’s natural gas production and approximately 15% of
the world’s gas production.


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Miscellaneous Updates

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National Oilwell Varco Awarded Equipment Package and Design Orders

for One of World’s Largest Offshore Wind Turbine Installation Vessels
Description 46
National Oilwell Varco, Inc. has been awarded equipment package and
design orders for one of the world’s largest offshore wind turbine
installation vessels by Japanese-based Shimizu Corporation. NOV, through
its subsidiary GustoMSC, has worked closely with Shimizu on the
customized jack-up design which has a total tonnage of 28,000t and is
capable of accommodating 130 people. The vessel will also incorporate a
proprietary 2500t telescopic leg crane designed specifically for the offshore
wind market to provide a unique combination of high elevation hoisting
capability for turbine installation and heavy load capability for foundation
installation. Japan Marine United shipyard will carry out the construction
of the unit.Planning is underway in Japan for a total of 9GW of offshore
windfarm generation capacity using a new generation of larger, more
economically efficient, ultra-large-scale wind turbines of 9 to 12 MW in
size. Delivery of this vessel, which will be the largest and most-capable in
the region, is expected in late 2022.

https://investors.nov.com/news-releases/news-release-details/national-oilwell-varco-awarded-equipment-package-and-design

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Enbridge Reaches Agreement with Shippers to Place the

Line 3 Replacement Pipeline into Service in Canada
Description 47
Enbridge Inc. announced that it has reached a commercial
agreement with shippers to place the Canadian portion of the
Line 3 replacement pipeline into service by the end of this year.
This agreement reflects the importance of this safety-driven
maintenance project to protecting our environment and ensuring
the continued safe and reliable operation of the pipeline well
into the future. Enbridge will be filing a tariff with the Canada
Energy Regulator for a temporary surcharge with a proposed
effective date of December 1, 2019. This tariff will be
superseded by the full negotiated Line 3 tariff upon completion
of the U.S. segment of the pipeline.

https://www.enbridge.com/media-center/news/details?id=123587&lang=en

IT Shades
Engage & Enable
Ørsted and partners secure government funding

for hydrogen project
Description 48
Ørsted, together with ITM Power and Element Energy, has won
funding from the UK Government for a green hydrogen
project.The Gigastack feasibility study, led by ITM Power, is a
six-month project to investigate the potential delivery of bulk,
low-cost and zero-carbon hydrogen. The funding has been
secured as part of the Department for Business, Energy and
Industrial Strategy (BEIS) Hydrogen Supply Competition,
which looks at ways to accelerate the development of low
carbon hydrogen supply solutions. The aim of the project is to
identify opportunities to reduce the cost of producing hydrogen
through the process of electrolysis, making it a more viable
option for the UK’s energy system and for decarbonising
industry.

https://orsted.com/en/Media/Newsroom/News/2019/08/Orsted-and-partners-secure-government-funding-for-hydrogen-project

IT Shades
Engage & Enable
Vectren Energy Delivery of Ohio receives approval to adjust delivery

prices and recover costs associated with pipeline safety and reliability
Description 49
Vectren Energy Delivery of Ohio (Vectren), a CenterPoint Energy company,
received approval from the Public Utilities Commission of Ohio (PUCO)
authorizing its plans to adjust charges for Vectren’s natural gas distribution
business in its 17-county service area in west central Ohio. The request to
increase base rates for its natural gas delivery charges is the first Vectren has
filed in more than a decade and will cover the ongoing costs of operating,
maintaining and expanding the approximately 5,600-mile pipeline system used
to serve its 318,000 natural gas customers. The Order approved a Stipulation
and Recommendation, entered by Vectren with the Staff of the PUCO and other
parties in January 2019, with the following terms:
• A rate increase of nearly $22.7 million;
• An overall rate of return of 7.48 percent; and
• An extension of Vectren’s authorized recovery of investments to accelerate
replacement of cast iron and bare steel pipelines, with targeted completion by
2023.

http://investors.centerpointenergy.com/news-releases/news-release-details/vectren-energy-delivery-ohio-receives-approval-adjust-delivery

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This document brings together a set of latest data points and

1. Publishing of your company’s solutions/announcements in this document.

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Sponsoring Companies for this Edition

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2.Rewards and Recognition Updates........................14

3.Customer Success Updates.....................................26

4.Partnership Ecosystem Updates............................30

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Financial, M&A Updates

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Origin Reports Full year results 2019

Key Financial Highlights

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Rosneft Reports Financial results for

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Concho Resources Inc. to Sell New Mexico Shelf Assets

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Pembina Pipeline Corporation to Acquire Kinder Morgan Canada

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UGI and AmeriGas Partners, L.P. Complete

the transaction by AmeriGas’ unitholders at a special meeting held earlier. Approximately

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Vistra Energy Announces Agreement to Acquire Ambit Energy, Enhancing Vistra's

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TechnipFMC Intends to Create Two Industry-Leading,

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Uganda: Termination of the Agreement with Tullow

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BP to sell Alaska business to Hilcorp

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“This is an attractive transaction for KMI and KML stockholders,”

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WEC Energy Group to acquire 80% ownership in

"This investment fits exceptionally well with our strategy of

deploying capital in renewable energy assets that will serve

strong, vibrant companies for years to come," said executive

chairman of WEC Energy Group.

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The merger of PKN ORLEN and Grupa LOTOS

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EDP invests 500 thousand euros in national startup

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Rewards & Recognition Updates

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HPCL bags ‘Best Navratna’ under Manufacturing Category

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Ameren named to elite list of 'Top Utilities in Economic

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Consumers Energy Ranks #1 for Customer Satisfaction

Gas Utility Residential Customer Satisfaction Study.Consumers Energy

received the highest marks among 17 utilities included in the segment of