Latest news with #O&M
Yahoo
3 days ago
- Business
- Yahoo
Asian Energy Services secures $100m integrated service contract from Vedanta
Asian Energy Services, an integrated service provider to the energy and mining sectors, has secured an integrated service contract worth Rs8.65bn ($100m) from Vedanta. The order, which includes field development and operations and maintenance (O&M) services, will be executed over a period of 57 months. Asian Energy Services managing director Kapil Garg said: 'We are honoured to receive integrated service contract for field development and operations and maintenance (O&M) contract from Vedanta, one of our valued and long-standing client. This repeat engagement reflects the trust we have built through dependable service and a strong focus on operational excellence. 'Integrated O&M remains a core area of focus at Asian Energy Services and a key growth driver. Our ability to manage critical infrastructure safely and efficiently continues to make us a preferred partner in the energy sector. This mandate reaffirms confidence in our team's capability to consistently deliver in complex and challenging environments.' Since being acquired by Oilmax Energy Private, Asian Energy Services has expanded its business segments to enhance value across the energy and upstream oil and gas sectors, aiming to deliver long-term benefits for its investors and stakeholders, stated the company. Earlier in the month, Asian Energy Services was awarded a work order from Sun Petrochemicals for the hiring of services for 3D seismic data acquisition and processing in Gulf of Khambhat, Gujarat. The total contract value was approximately Rs460m and will be executed over a period of 12 months. Asian Energy Services offers integrated oil and gas services including 2D and 3D seismic geographical data acquisition; O&M of onshore and offshore oil and gas production facilities; and production improvement and mining services including supply and installation of material handling plants and rapid loading systems, added the company. In January, the Standing Committee of the National Board for Wildlife sanctioned Vedanta's Cairn Oil & Gas to undertake exploratory drilling in the eco-sensitive zone of Gibbon Wildlife Sanctuary in Jorhat district, Assam, India. "Asian Energy Services secures $100m integrated service contract from Vedanta" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Associated Press
22-07-2025
- Business
- Associated Press
Jacobs Reinforces Historic Water Operations and Maintenance Presence in Western US
Supports continued delivery of resilient infrastructure and reliable water and wastewater service DALLAS, July 22, 2025 /PRNewswire/ -- Jacobs (NYSE: J) has secured multiple contract wins and renewals for operations and maintenance (O&M) services, reinforcing its roots in the Northwest U.S. and growth in the wider water and wastewater utility O&M industry in the Western U.S. Jacobs was recently awarded new water and wastewater O&M contracts with Soquel Creek Water District, West Basin Water District and Lincoln-Sewer Management District 1 Wastewater Authority in California. Jacobs also renewed existing O&M contracts in Hood River, Oregon; Walla Walla, Washington; Twin Falls, Idaho; Cutter and Rio Rancho in New Mexico; and Red Bluff and Crescent City in California, which together span more than 144 years of collaboration. 'At Jacobs, we do not take for granted the importance of delivering an essential service like fresh drinking water, as well as protecting our sensitive environment through the collection and advanced treatment of wastewater,' said Executive Vice President Greg Fischer. 'Jacobs is uniquely positioned to provide O&M services that are directly supported by world-leading water engineering experience. This not only assures delivery of these crucial services but also extracts the maximum capacity from the utility's existing asset-base.' Forty-five years ago, Jacobs' O&M business originated in Oregon. Today, Jacobs is among the largest O&M solutions providers in the North American water market. Jacobs is responsible for a portfolio of more than 300 facilities, providing a range of services, including O&M of water and wastewater utilities, advanced water treatment facilities, public works, community development and facilities management. 'As utilities in the West are being challenged with climate change, tightening regulations and workforce shortages, we're utilizing our Digital OneWater suite of solutions like Intelligent O&M, Aqua DNA and Dragonfly to optimize operations, provide data-driven results for clients and enhance the lives of the communities we serve,' said Fischer. At Jacobs, we're challenging today to reinvent tomorrow – delivering outcomes and solutions for the world's most complex challenges. With approximately $12 billion in annual revenue and a team of almost 45,000, we provide end-to-end services in advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water. From advisory and consulting, feasibility, planning, design, program and lifecycle management, we're creating a more connected and sustainable world. See how at and connect with us on LinkedIn, Instagram, X and Facebook. Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as 'expects,' 'anticipates,' 'believes,' 'seeks,' 'estimates,' 'plans,' 'intends,' 'future,' 'will,' 'would,' 'could,' 'can,' 'may,' and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, uncertainties as to, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act and other legislation and executive orders related to governmental spending, including any directive to federal agencies to reduce federal spending or the size of the federal workforce, and changes in U.S. or foreign tax laws, statutes, rules, regulations or ordinances, including the impact of, and changes to tariffs and retaliatory tariffs or trade policies, that may adversely impact our future financial positions or results of operations, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, and increased uncertainty and risks, including policy risks and potential civil unrest, relating to the outcome of elections across our key markets and elevated geopolitical tension and conflicts, among others. For a description of these and additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our filings with the U.S. Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law. For press/media inquiries: [email protected] View original content to download multimedia: SOURCE Jacobs
Business Wire
09-07-2025
- Business
- Business Wire
KBRA Assigns AAA Rating to Harris County, TX Permanent Improvement Refunding Bonds, Series 2025A and Unlimited Tax Road Refunding Bonds, Series 2025A; Affirms Related Ratings
NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AAA to the Harris County, TX Permanent Improvement Refunding Bonds, Series 2025A and Unlimited Tax Road Refunding Bonds, Series 2025A. KBRA additionally affirms the long-term rating of AAA for the County's outstanding Limited Tax Obligations and Unlimited Tax Obligations. The rating Outlook is Stable. Key Credit Considerations The ratings reflect the following key credit considerations: Credit Positives Sizable and diversifying economy, centered around the nation's fourth largest city, that has benefitted from above average property tax base growth. Strong financial profile supported by generally favorable operations and considerable balance sheet resources, derived from stable property tax collections. Robust financial management practices, including a comprehensive budgeting process, frequent intra-fiscal year monitoring, and the maintenance of prudent reserves. The County electorate in November 2024 approved a permanent increase in the O&M property tax levy for the Harris County Flood Control District that will provide an additional $100 million each year toward activities mitigating future flood risks and protecting the property tax base. Credit Challenges Susceptibility to significant storm activity given its domicile on Texas's Gulf Coast, as evidenced by Hurricane Harvey (2017) and the less severe but still significant disaster events of 2024 including Hurricane Beryl. Flexibility to increase the O&M property tax levy without voter approval is constrained by SB 2 of 2019 which reduced the growth cap on O&M property tax assessments for existing property to 3.5% annually compared to the prior 8% limit. This limitation may pressure the County's budgetary balance over time. Rating Sensitivities For Upgrade Not applicable for this rating level. For Downgrade Significant deterioration in operating reserves and liquidity. A secular decline in the socioeconomic profile of the County. To access ratings and relevant documents, click here. Methodologies Public Finance: U.S. Local Government General Obligation Rating Methodology ESG Global Rating Methodology Disclosures A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1010281
News.com.au
07-07-2025
- Business
- News.com.au
‘Everyone thought we were nuts': Woman's idea that turned into a multimillion-dollar success
Jose Bryce Smith was running a hair salon when she risked $80,000 to back her own simple but innovative idea. Back in 2007, Ms Bryce-Smith conceived the idea to launch Original & Mineral, a haircare line that focused on using natural ingredients instead of chemicals. The 50-year-old said even though $80,000 was a staggering amount back in 2007 she always knew what she could afford to spend. 'Although $80K was a lot in the early 2000s, we had a good business, our hair salon! So if we did lose it, we knew we could make it back,' she told 'We believed in the product.' Ms Bryce-Smith might have been sure about her plan, but not everyone else was sold on the idea. 'Everyone thought we were nuts,' she said. 'Some people told me to get a proper job, since I'd had a career in advertising in the UK, and for many years I earned no money doing O&M.' She also found it hard to get people to believe in the product because many claimed it wasn't possible to make hair products without ammonia. There was one person though who completely supported her even when she wasn't making a wage from the bold idea. 'My mum always had an unwavering belief in me and my ability to do anything.' she said. 'I've never been afraid to back myself, I mean, what's the worst that can happen? You fail. I've done a lot of that, and I learned a lot from it, which set me up for success.' The fact that Ms Bryce-Smith always believed in herself and the brand turned out to be a winning recipe. Original & Mineral is now stocked at over 50,000 salons globally and a product sells every 8 seconds. That doesn't mean the success didn't come without failure along the way. Looking back, she can see the mistakes she made. 'I think one of the biggest mistakes was choosing the wrong people, letting people pick me instead of me picking them,' she said. 'Starting a business is a very entrepreneurial mission, and the lows are not for everyone. There's a lot of pivoting and problem-solving.' There has been so much success along over the years, but Ms Bryce-Smith is still buzzing about launching their hair colouring product a decade ago. 'We cracked the formula in 2015,' she said. What makes the product special is that it doesn't smell and there are no fumes. As Aussies have come to care more about wellness and health, the product has grown in popularity and really took off during the pandemic. The success has led to the brand growing even further, and now there are over 50 people working in the head office in Sydney. The profit is in the 'tens of millions' and has grown four times the size in the last few years, with the business continuing to scale up. Most importantly though, Ms Bryce-Smith is proud of what she's created and still believes in what she's doing. 'It was never about the size and growth (that is) a by-product of doing what you love,' she said.
India.com
07-07-2025
- Entertainment
- India.com
Meet actor, who was expelled from school due to Shah Rukh Khan, worked as content writer, now owns Rs 245 crore; His name is...
There are only a few actors who have the same level of energy both on-screen and off-screen. Born into a Sindhi family in Mumbai, this actor's grandmother was an actress in Lahore, Pakistan, and even appeared in Raj Kapoor's film Boot Polish in 1954. Interestingly, his parents never considered pursuing a career in acting. However, his maternal aunt, Sunita, married actor Anil Kapoor, making him the cousin of Sonam Kapoor. You must have guessed by now who this actor is! We are talking about actor Ranveer Singh. His entry into Bollywood was not easy. It was difficult for him to get into movies. Though he was a die-hard fan of acting and dancing, he used to participate in several school plays and debates. Why did Ranveer Singh get expelled from school? One day, in his school classroom, he was listening to the song ' Chaiyya Chaiyya' from Shah Rukh Khan and Malaika Arora's film ' Dil Se '. When teachers got to know about this, he was suspended from school. How did Ranveer Singh get into Bollywood? Ranveer Singh completed his Bachelor's in Arts degree in Telecommunications from Indiana University Bloomington in 2008. At the university, he decided to take acting classes and took up theatre as his minor. He worked for a few years in an advertising company as a copywriter, with agencies like O&M and J. Walter Thompson. Ranveer Singh has also worked as an assistant director but left it to pursue acting. Singh then decided to send his portfolio to the directors. For this, he would go for all kinds of auditions, but did not get any good opportunities, while only getting calls for minor roles. He had once said, 'Everything was so bleak. It was very frustrating. There were times I would think whether I was doing the right thing or not.' How did Ranveer Singh get his first role? It was 2010 when Ranveer Singh auditioned for a lead role in YRF's Band Baaja Baaraat. Aditya Chopra was impressed with his audition, and he was confirmed to play Bittoo Sharma, who was opposite Anushka Sharma. Life changed for Ranveer soon after that as he signed movies like Ladies vs Ricky Bahl, Lootera, Goliyon Ki Raasleela Ram-Leela, Gunday, Dil Dhadakne Do, Bajirao Mastani, to name a few. He became a superstar. What is Ranveer Singh's Net Worth? According to The Times of India, CNBC TV18, and ABP Live , Ranveer Singh's fee has increased to Rs 50 crore after the success of his film 83. His net worth is reportedly around Rs 245 crore. Ranveer, who became a father to a daughter last year, will be seen in Aditya Dhar's Dhurandhar. The spy-actioner will be released in December.
