NOC
India
NOC
India

Time filter

Source Type

News Article | April 17, 2017
Site: www.forbes.com

Transparency, liquidity, psychology -- the Saudi Aramco IPO is all about expanding options for the Kingdom. The decision announced by the Saudi government to take its national oil company public has generated a lot of interest given the size of Aramco and the fact that it would become the largest publicly traded company on earth. It has also become a contentious issue within Saudi Arabia, where skeptics and critics of the decision have been rather vocal. International observers have discussed the potential valuation and the merits of different listings (NYSE, London, and Asia) and the potential success or lack thereof. And while there has been skepticism regarding whether the government will really allow transparency into its crown jewel, Saudi commentators have generally taken what can best be called a 1960s’ nationalistic attitude toward the IPO, griping about selling the national patrimony to foreigners, an attitude I find as logical as the pro-Brexit arguments in Britain. The Aramco IPO is certainly a very bold move for Saudi Arabia. Aramco, which has probably been one of the most successful FDI (foreign direct investment) experiments in modern history, was founded by US oil companies in the 1930s in Saudi Arabia and was managed wisely and harmoniously with the Saudi government until the early 1980s, when it was nationalized in a consensual arrangement, with the oil companies selling their shares to the government for full value. In this case, Saudi Arabia’s welcoming attitude toward foreign oil companies, which was diametrically opposed to the traditional third world acrimonious attitude toward most MNCs that had been operating in those respective countries (mostly ending up in hostile nationalizations), allowed the kingdom to capture the maximum value from its patrimony and, more importantly, have the time to train its people to take over management with the full support and cooperation of these US oil companies. It is no secret then why Aramco today is widely recognized as the best-run NOC (national oil company) in the world by far, with first-class staff, access to the latest knowledge, capital, and technology, and full integration as a player in the global oil industry and market. You only need to compare that to NOCs from Mexico to Venezuela to Iran to see the difference.


News Article | April 26, 2017
Site: globenewswire.com

FALLS CHURCH, Va., April 26, 2017 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) has released its first quarter 2017 financial results. A copy of the earnings release has been furnished in the company’s Form 8-K filing and is also available on the company's investor relations website at http://investor.northropgrumman.com.  As previously announced, Northrop Grumman will webcast its earnings conference call at noon Eastern time today. A live audio broadcast of the conference call will be available on http://investor.northropgrumman.com. To listen to the call, go to the website at least 15 minutes before the call to register, download and install any needed audio software. Northrop Grumman is a leading global security company providing innovative systems, products and solutions in autonomous systems, cyber, C4ISR, strike, and logistics and modernization to customers worldwide. Please visit news.northropgrumman.com and follow us on Twitter, @NGCNews, for more information.


News Article | April 25, 2017
Site: www.prnewswire.com

"This initial acquisition provides us with a proven carrier neutral platform in predominantly edge markets that can realize internal growth from added content provider and enterprise market share and be enhanced by additional data center and managed services investments," noted DeSantis. "We intend to grow the company for our customers, employees and investors by significantly increasing our sales team, investing in new product offerings, and broadening our target market to leverage our exceptional carrier, content, and cloud centric ecosystem and the available space and power at each of the facilities." The company's Customer Service Center/NOC in Tampa, the 365 brand, all operating, monitoring, and administrative systems, and all operations, customer service center, and sales and marketing employees will remain in place. The corporate office is being moved from Emeryville, CA to Fairfield County, CT. DeSantis added that, "The transaction will be seamless to existing customers and vendors as Jason Kiser, who has had responsibility for the eight data center facilities and customer service center for over a decade, will continue as Vice President, Operations of the company, and Steve Weaver, who has spearheaded the company's carrier, content and cloud customer strategy, will stay on as Vice President, Sales & Marketing. Kalindi Bhatt, who has worked with me in senior roles in communications, power, and data center businesses, has been appointed Vice President, Finance & Controller to round out the senior management team." The investors formed 365 Data Centers Holdings, LLC to acquire 365 Data Centers and to identify and make investments in other colocation and managed services assets. Chirisa Investments is a Dublin-based private investment firm headed by Colm Piercy, the former CEO of Viatel, an international connectivity and colocation provider, and current Chairman of Dataplex, a wholesale data center, company based in Dublin. Lumerity Capital, LLC, a Connecticut based private equity investment firm was founded by Matt Kim, a 20-year veteran of the TMT sector. Lumerity's portfolio companies include Tricore Solutions, an ERP application managed services provider, and Datavail Corporation, a provider of data and database managed services. Connecticut-based Longboat Advisors LLC was founded by DeSantis, who has been a leader in acquiring, building and growing technology, power, and communications businesses, including Xand, which become the largest privately owned data center operator in the Northeast prior to its sale to Tierpoint. Piercy, who will serve as Chairman of 365 Data Center Holdings, stated that, "This investment provides Chirisa with a solid foundation to execute on its strategy to broaden its data center, managed services, and real estate reach into the US market. Chirisa is pleased to have joined forces with partners that have successful track records, significant experience, and meaningful contacts in the technology, communications, and data center industries." "We are enthusiastic about our investment in 365 Data Centers, which embodies key attributes of Lumerity's targeted investments, including proven management with deeply-relevant experience, a unique asset that is difficult to replicate by virtue of its high carrier density, and a go-forward strategy with multiple avenues of growth," added Kim. The Bank Street Group LLC served as 365 Data Centers Holdings LLC's financial advisor, and Greenberg Traurig served as the purchaser's legal counsel for this transaction. The credit facility for the transaction was provided by the Specialty Lending team at Crestline Investors, Inc. Pacific Crest Securities, Technology Specialists of KeyBanc Capital Markets, served as financial advisor to the sellers, including 365 Parent LLC and its investors.  Alston & Bird served as legal counsel to the sellers in this transaction. About 365 Data Centers 365 Data Centers is a leading provider of data center solutions in strategic edge markets. Our robust, carrier neutral ecosystem and secure, reliable edge colocation services help organizations reduce costs, drive innovation and improve their customer experience. 365 Data Centers supports mission-critical application infrastructure by providing 100% uptime and adhering to industry standards such as HIPAA, PCI DSS, SSAE 16, SOC 2, and ISAE 3402. 365 Data Centers is based in Connecticut, and operates eight geographically diverse US data centers. Visit 365datacenters.com for more information. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/365-data-centers-acquired-by-investor-and-management-group-300445343.html


Amsterdam, 4 May 2017 — Castor Marine, the Netherlands based maritime communications and IT services provider, announces today that it has been awarded a multi-year contract with Wagenborg Shipping. The contract covers the delivery of 40+ new VSAT systems with satellite Internet based on Castor’s global VSAT network, Inmarsat Fleetbroadband as back-up for the VSAT service and IT support for the vessel LAN infrastructure. Castor Marine will provide an end-to-end solution including installation and onboard support worldwide. This setup enables Wagenborg Shipping to enhance crew welfare and ship to shore connectivity using Castor’s global Ku-band footprint. Theo Klimp, Fleet Director at Wagenborg Shipping, said: “Increasing business and crew demand for fast and reliable internet requires an integrated IT and communication solution from a proven satellite service provider. Castor Marine is not only a satellite network operator with its own teleport facilities, but also understands and supports our IT infrastructure onboard. They are able to provide a full end-to-end solution including hardware lease, VSAT bandwidth, Inmarsat Fleetbroadband airtime and installation and support. We found in Castor Marine a partner that has, and can further develop, services to support our IT requirements over time. Castor Marine has installed VSAT systems on 9 vessels already, and our crew members are very satisfied.” Ivo Veldkamp, CEO of Castor Marine, concluded: “We are honored that Wagenborg Shipping places their trust in us. This deal also underlines our unique selling points for the maritime market: Castor Marine not only offers highly reliable maritime Ku-band services as a network operator, but also designs and support the IT infrastructure to meet the needs of business and crew welfare applications of the most demanding customers, such as Wagenborg Shipping.” Note for editor For more information, you can contact: Jeanette Barbier, +31 88 646 0100 or jeannette.barbier@castormarine.com. About Castor Marine Castor Marine is a specialized maritime communication and IT service provider serving Superyachts, Offshore and Commercial vessels. Castor Marine provides maritime VSAT, Iridium Openport, Inmarsat Fleetbroadband, 3G/4G data services and a suite of value added services such as Telephony, Crew Calling and fully integrated IT solutions on board. All maritime communications solutions are backed by strong 24/7 NOC support, on-board installation and support capabilities. Castor Marine is a division of Castor Networks a leading global VSAT network operator and Teleport operator. As owner operator of both the teleport and VSAT platforms Castor Marine can truly guarantee its service levels and provide excellent support to its customers. For more information, visit http://www.castormarine.com


News Article | April 10, 2017
Site: globenewswire.com

ADVISORY, April 10, 2017 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) plans to release its first quarter 2017 financial results on Wednesday, Apr. 26, 2017. You are invited to participate in a conference call following this release. The information is: A live audio broadcast of the conference call will be available on the Investor Relations page of the Northrop Grumman website at http://www.northropgrumman.com. For those who cannot participate in this call, it will be archived on the Investor Relations page for a limited time. It will also be recorded and available through Wednesday, May 3, 2017, by calling 1-855-859-2056 (domestic) or 1-404-537-3406 (international).  Please use conference ID 4123852. If you have any questions, please call Steve Movius, vice president, Investor Relations, at 703-280-4575 or Denny McSweeny, director, Investor Relations at 703-280-4578.


News Article | May 8, 2017
Site: www.prnewswire.com

Today's SOCs have a broad range of capabilities, with 91% providing prevention capabilities through network IDS/IPS, 86% providing detection capabilities through network IDS/IPS, and 77% providing response capabilities through EDR (endpoint detection and response), to name just the highest-rated capabilities. Responses indicate that SOCs gather, analyze and react to tremendous amounts of information on a daily basis. The key is making it useful to all SOC-related functions and improving integration with network operations centers (NOCs). Right now, only 32% of respondents report having close integration between their SOC and NOC, with 12% having strong technical integration. "This lack of integration may, in part, be the variety of architectures respondents' utilize," continues Crowley. "There is no doubt that there are clear opportunities to improve security operations, starting with better relationships and coordination with IT operations." Full results will be shared during a two-part webcast. Part 1 will be held on May 17, 2017 at 1 PM EDT, and the Part 2 webcast will air on May 18, 2017 at 1 PM EDT. Both webcasts are sponsored by Carbon Black, Endgame, LogRhythm, NETSCOUT, ThreatConnect, and Tripwire and hosted by SANS. Register to attend the May 17 webcast at www.sans.org/u/rSo and the May 18 webcast at www.sans.org/u/rSt Those who register for the webcast will also receive access to the published results paper developed by SANS Analyst and security operations center expert, Christopher Crowley. Learn what SOCs are doing now and where they're headed | Part 1, www.sans.org/u/rSD  | Part 2, www.sans.org/u/rSI About SANS Institute The SANS Institute was established in 1989 as a cooperative research and education organization. SANS is the most trusted and, by far, the largest provider of training and certification to professionals at governments and commercial institutions world-wide. Renowned SANS instructors teach over 50 different courses at more than 200 live security training events as well as online. GIAC, an affiliate of the SANS Institute, validates employee qualifications via 30 hands-on, technical certifications in information security. The SANS Technology Institute, a regionally accredited independent subsidiary, offers cyber . SANS offers a myriad of free resources to the InfoSec community including consensus projects, research reports, and newsletters; it also operates the Internet's early warning system--the Internet Storm Center. At the heart of SANS are the many security practitioners, representing varied global organizations from corporations to universities, working together to help the entire information security community. (www.SANS.org) To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/socs-grow-up-results-of-a-sans-survey-300453192.html


News Article | April 24, 2017
Site: globenewswire.com

A propos du Groupe Ymagis Ymagis Groupe est le spécialiste européen des technologies numériques pour l'industrie du cinéma. Fondé en 2007, le Groupe, dont le siège social est à Paris, est aujourd'hui présent dans 23 pays avec près de 770 collaborateurs et se structure autour de 3 pôles d'activités : CinemaNext pour les activités de services aux exploitants cinématographiques (ventes et installation, solutions logicielles, support technique/NOC et consulting), Eclair pour les activités de services de contenus (post-production, acheminement cinémas, distribution numérique, multilingue et accessibilité, restauration et préservation) et Ymagis pour les solutions de financement. Pour plus d'informations, connectez-vous sur www.ymagis.com, www.cinemanext.digital ou www.eclair.digital  


News Article | May 5, 2017
Site: www.prnewswire.com

Thus, the April production figures in the S&P Global Platts survey and the five other secondary sources used by OPEC to monitor output will be some of the final data points that the organization considers at its meeting. OPEC's collective April output was some 80,000 b/d above its stated ceiling of 32.5 million b/d, when Indonesia, which typically produces about 730,000 b/d, is added in. Indonesia suspended its OPEC membership in November and is not included in the S&P Global Platts survey estimates for 2017. OPEC's largest producer Saudi Arabia averaged 9.97 million b/d in April, according to the survey, below its quota under the deal of 10.058 million b/d. The kingdom is seen as a driver of OPEC's production cut deal, with energy minister Khalid al-Falih saying at a conference in Abu Dhabi last month that there appeared to be a growing consensus on a need to extend the cuts, as global inventories remain stubbornly high. Iraq, which has faced criticism for not fully complying with its required cut, produced 4.36 million b/d in April, the survey found, as the Taq Taq field in the Kurdistan Region of the country has seen output decline, while exports from Iraq's Persian Gulf terminal also fell during the month. The country's April output is 9,000 b/d above its quota under the deal, the closest it has been to compliance. Over the January through April period, however, its average remains 60,000 b/d above its quota, the highest among OPEC members. Iran, which is allowed a slight output increase under the deal, held production steady in April at 3.77 million b/d, the survey found, below its quota of 3.797 million b/d. The UAE, also under pressure from fellow OPEC members to come into compliance with its quota, lowered production slightly to 2.84 million b/d, down 10,000 b/d from March, the survey found. Angola saw new production come online in its offshore East Hub development, with the country's output rising 80,000 b/d in the month to 1.68 million b/d. Nigeria, meanwhile, ended maintenance on key export grade Bonga in April, with production at the field ramping up throughout the month. The country's output averaged 1.65 million b/d in April, according to the survey. In Libya, a blockade of a pipeline from the Sharara field to the Zawiya terminal in the country's west by a militia knocked production down significantly in the month to 550,000 b/d.  Libya's National Oil Company declared force majeure on Zawiya on April 9, but NOC Chairman Mustafa Sanalla last week announced that a deal had been struck with the Petroleum Facilities Guard militia to reopen Sharara, as well as the nearby El Feel field.      Nigeria and Libya, both impacted heavily by militancy over the last year, are exempt from the production deal, which led some OPEC watchers to doubt the effectiveness of the agreement, if production from the two countries were to recover and offset any cuts. But the two countries' combined January-April average output of 2.273 million b/d is just 6,300 b/d higher than their October levels, according to the S&P Global Platts survey. Of the 11 members of OPEC that have a quota under the deal, compliance is 117%, based on January through April averages.  If Iran is not included, the 10 members of OPEC required to cut production have achieved a collective 105% of their cuts, based on January through April averages. Since the deal covers an average of January to June output, month-to-month fluctuations are to be expected. The S&P Global Platts estimates were obtained by surveying OPEC and oil industry officials, traders and analysts, as well as reviewing proprietary shipping data. In concert with OPEC, 11 non-OPEC countries led by Russia have also agreed to cut output by a combined 558,000 b/d in the first half of 2017, with many of those countries phasing in their reductions or relying on natural declines. Russia last week announced it had reached its commitment to cut 300,000 b/d. Ministers from those 11 non-OPEC producers will also be meeting in Vienna with OPEC on May 25 to review their participation in the deal and any extension. Notes: OPEC ministers on November 30 finalized a deal to freeze production at around 32.5 million b/d, beginning January 1 for six months. The agreement exempts Libya and Nigeria, while allowing Iran a small increase in production. Non-OPEC producers led by Russia also agreed to cut output by 558,000 b/d in the first half of 2017, with Russia set to cut 300,000 b/d. OPEC will meet in Vienna on May 25 to review the deal, along with the 11 non-OPEC participants. Indonesia suspended its OPEC membership on November 30, but its output is being counted by OPEC under the production ceiling. The estimate for Iraq includes volumes from semi-autonomous Iraqi Kurdistan. At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We're the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping. S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for companies, governments and individuals to make decisions with confidence. For more information, visit www.platts.com. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sp-global-platts-opec-output-unchanged-at-3185-million-bd-300451952.html


News Article | May 5, 2017
Site: www.prnewswire.co.uk

Saudi output at 9.97 million b/d – Iran below quota at 3.77 mil b/d LONDON, May 5, 2017 /PRNewswire/ -- The 10 Organization of the Petroleum Exporting Countries (OPEC) members' crude output stayed unchanged in April at 31.85 million barrels per day compared to March, according to an S&P Global Platts survey released today. OPEC is still showing high compliance with its production cut agreement, as increases in Angola and Nigeria were offset by declines from Libya and Iraq. "OPEC members can go into their May 25 meeting in Vienna feeling good about their compliance levels. Even countries, like Iraq and the UAE, which have come in for some criticism over their production levels, moved closer to compliance in April. But an extension to the production cut agreement is far from a done deal, with many details to be negotiated, including cut levels, exemptions and duration, amid an increasingly skeptical market. OPEC still has much to discuss," said Herman Wang, OPEC Specialist, S&P Global Platts. Thus, the April production figures in the S&P Global Platts survey and the five other secondary sources used by OPEC to monitor output will be some of the final data points that the organization considers at its meeting. OPEC's collective April output was some 80,000 b/d above its stated ceiling of 32.5 million b/d, when Indonesia, which typically produces about 730,000 b/d, is added in. Indonesia suspended its OPEC membership in November and is not included in the S&P Global Platts survey estimates for 2017. OPEC's largest producer Saudi Arabia averaged 9.97 million b/d in April, according to the survey, below its quota under the deal of 10.058 million b/d. The kingdom is seen as a driver of OPEC's production cut deal, with energy minister Khalid al-Falih saying at a conference in Abu Dhabi last month that there appeared to be a growing consensus on a need to extend the cuts, as global inventories remain stubbornly high. Iraq, which has faced criticism for not fully complying with its required cut, produced 4.36 million b/d in April, the survey found, as the Taq Taq field in the Kurdistan Region of the country has seen output decline, while exports from Iraq's Persian Gulf terminal also fell during the month. The country's April output is 9,000 b/d above its quota under the deal, the closest it has been to compliance. Over the January through April period, however, its average remains 60,000 b/d above its quota, the highest among OPEC members. Iran, which is allowed a slight output increase under the deal, held production steady in April at 3.77 million b/d, the survey found, below its quota of 3.797 million b/d. The UAE, also under pressure from fellow OPEC members to come into compliance with its quota, lowered production slightly to 2.84 million b/d, down 10,000 b/d from March, the survey found. Angola saw new production come online in its offshore East Hub development, with the country's output rising 80,000 b/d in the month to 1.68 million b/d. Nigeria, meanwhile, ended maintenance on key export grade Bonga in April, with production at the field ramping up throughout the month. The country's output averaged 1.65 million b/d in April, according to the survey. In Libya, a blockade of a pipeline from the Sharara field to the Zawiya terminal in the country's west by a militia knocked production down significantly in the month to 550,000 b/d.  Libya's National Oil Company declared force majeure on Zawiya on April 9, but NOC Chairman Mustafa Sanalla last week announced that a deal had been struck with the Petroleum Facilities Guard militia to reopen Sharara, as well as the nearby El Feel field.      Nigeria and Libya, both impacted heavily by militancy over the last year, are exempt from the production deal, which led some OPEC watchers to doubt the effectiveness of the agreement, if production from the two countries were to recover and offset any cuts. But the two countries' combined January-April average output of 2.273 million b/d is just 6,300 b/d higher than their October levels, according to the S&P Global Platts survey. Of the 11 members of OPEC that have a quota under the deal, compliance is 117%, based on January through April averages.  If Iran is not included, the 10 members of OPEC required to cut production have achieved a collective 105% of their cuts, based on January through April averages. Since the deal covers an average of January to June output, month-to-month fluctuations are to be expected. The S&P Global Platts estimates were obtained by surveying OPEC and oil industry officials, traders and analysts, as well as reviewing proprietary shipping data. In concert with OPEC, 11 non-OPEC countries led by Russia have also agreed to cut output by a combined 558,000 b/d in the first half of 2017, with many of those countries phasing in their reductions or relying on natural declines. Russia last week announced it had reached its commitment to cut 300,000 b/d. Ministers from those 11 non-OPEC producers will also be meeting in Vienna with OPEC on May 25 to review their participation in the deal and any extension. Notes: OPEC ministers on November 30 finalized a deal to freeze production at around 32.5 million b/d, beginning January 1 for six months. The agreement exempts Libya and Nigeria, while allowing Iran a small increase in production. Non-OPEC producers led by Russia also agreed to cut output by 558,000 b/d in the first half of 2017, with Russia set to cut 300,000 b/d. OPEC will meet in Vienna on May 25 to review the deal, along with the 11 non-OPEC participants. Indonesia suspended its OPEC membership on November 30, but its output is being counted by OPEC under the production ceiling. The estimate for Iraq includes volumes from semi-autonomous Iraqi Kurdistan. At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We're the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping. S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for companies, governments and individuals to make decisions with confidence. For more information, visit www.platts.com.


MINNEAPOLIS & ST. PAUL, Minn.--(BUSINESS WIRE)--The Metropolitan Airports Commission (MAC) has measured environmental impacts of adopting Federal Aviation Administration (FAA) NextGen aircraft arrival procedures at Minneapolis-St. Paul International Airport (MSP) and has determined the new procedures have resulted in the biggest known air quality benefit of any single action in MSP history. The new arrival procedures implemented at MSP in March 2015 are called optimized profile descents, or OPD. Traditionally, when aircraft were approaching the airport, pilots descended in stages through a series of procedures involving reducing altitude, then leveling off, reducing altitude more and leveling off again, and so on until they finally land. Using OPD, pilots continue flying at cruise altitude longer, and once they start their descent, they continue it until they land. Keeping the plane throttled back reduces fuel burn and associated greenhouse gas emissions. Using data supplied by airlines and the Federal Aviation Administration (FAA), the MAC has become the first airport operator in the nation to measure the impacts of OPD, and the results are impressive. The MAC estimates that airlines burn 2.9 million fewer gallons of fuel per year using OPD procedures than they would using traditional staged descents on approach to MSP. As a result of the reduced fuel burn, arriving aircraft emit 28,465 fewer metric tons of carbon dioxide into the atmosphere annually than they otherwise would. “ The reduction in carbon dioxide emissions around MSP is the result of a cooperative effort by community leaders, airlines, the FAA and the Airports Commission to reduce environmental impacts while also improving the safety and efficiency of air traffic,” said Brian Ryks, executive director and CEO of the Metropolitan Airports Commission. “ This achievement demonstrates that the cooperative approach that has made MSP an industry leader at noise mitigation can also produce huge benefits in other areas, such as in reduced aircraft emissions.” The Noise Oversight Committee (NOC), an advisory panel to the MAC consisting of community and airline representatives, endorsed adoption of NextGen OPD arrivals at MSP in 2014. At that time, the MAC committed to measuring use and air quality impacts of the procedures at MSP. The MAC’s Environment Department created an analysis capability that uses data from the FAA, Delta, Sun Country and Endeavor airlines. The FAA then validated fuel and emissions savings results associated with OPD arrivals. While created to measure impacts around MSP, this methodology can be adapted to address local conditions at airports across the nation to quantify OPD’s benefits to their communities. Since airlines began using OPD arrivals at MSP in March 2015, they have conserved more than 5.8 million gallons of fuel, saving an estimated $9.5 million in fuel costs and preventing more than 57,000 metric tons of carbon dioxide from entering the atmosphere. That’s the equivalent of removing more than 12,000 cars from the road, eliminating the energy used at 6,000 homes or planting 54,000 acres of forest. “ Delta has a longstanding and ongoing commitment to working with the Noise Oversight Committee, the MAC, the FAA and community leaders to reduce environmental impacts around MSP while also improving safety and efficiency,” said Bill Lentsch, senior vice president – Delta Connection and Global Services. “ We are proud to have played a role in developing a tool to measure the effects of these new arrival procedures, and we congratulate all of our local partners for their environmental stewardship.” Last month, Airports Council International-North America presented the MAC with a 2017 Environmental Achievement Award for developing a way to measure use and environmental benefits of OPD. The award recognized the MAC in the Innovative and Special Projects award category. The award-winning OPD effort is part of a longstanding history of environmental stewardship at MSP. For more information about the MAC’s sustainability efforts, visit https://sustainability.metroairports.org/

Loading NOC collaborators
Loading NOC collaborators