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Tower Records

Country: America Type: music

Tag: record

English Websites: https://www.tower.com/ Enter The Website

Tower Records is a US based company founded by Russia Solomon in 1960.

The establishment of Tower originated from a company he founded in his teens, reselling 78 RPM jukebox records at his father's pharmacy in Sacramento, which later developed into a record supermarket and changed our connection with music in the pre digital age. From the 1960s to the 1990s, Tower was a leading music retailer, an oasis at the intersection of music, art, and culture, renowned for its large number and knowledgeable audiophile staff. Tower is an iconic sanctuary for music exploration, with its powerful visual code and community philosophy igniting a sense of identity for generation after generation with the slogan 'Without music, there is no life'. At its peak, Tower had grown to over 200 stores in 20 states and 18 countries/regions, with annual sales exceeding $1 billion. This is a global brand with a clear and compelling vision.

Tower Records

Tower Records has adopted a novel and innovative management attitude, adopting a 'local first' approach that enables stores to operate with an independent spirit, thereby keeping up with the pulse of the music and cultural zeitgeist. After entering the Tower Records store, visitors will be welcomed by knowledgeable enthusiasts, with the latest albums piled up near the front door. There are thousands of albums in the long aisle, covering all imaginable music genres. This store stays open late and has become a nighttime gathering place for thousands of music enthusiasts who stop to buy a few things at night: Towers on Sunset Boulevard in Los Angeles and Broadway in Greenwich Village, New York are landmarks themselves. These stores have attracted many loyal fans of celebrities. Bruce Springsteen and Dave Groll are regulars here, while Elton John is Tower's most famous customer.

Tower continues to define the blueprint for music experience, integrating innovation, tradition, and experimentation. This is a space for unique individuals passionate about sound to connect, discover, and consume music. The original source of curation and professional knowledge.

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Rosneft | Russian Oil Company

Rosneft operates in all major oil and gas provinces of Russia, including Western and Eastern Siberia, the Volga region, the Urals, the Far East, Timano-Pechora, Krasnodar Krai and offshore Russia. Rosneft is the undisputed leader of the “green” agenda in the fuel and energy complex of the Russian Federation. Rosneft-2030 Strategy In late 2021, the Rosneft Board of Directors approved the strategy “Rosneft-2030: Reliable Energy and Global Energy Transformation”. The key priorities of the new strategy are carbon footprint reduction, operational leadership and efficiency improvement. The key goal of Rosneft’s long-term development strategy is to achieve net carbon neutrality in scope 1 and 2 by 2050, becoming the first company in the domestic oil and gas industry to set this strategic goal. The "Rosneft-2030" strategy defines the short-term and medium-term goals of the climate agenda: reducing absolute greenhouse gas emissions by 5% by 2025; reducing methane emissions to below 0.2% by 2030; achieving zero routine combustion of associated petroleum gas; reducing unit greenhouse gas emissions in the upstream link to below 20 kg of CO2/boe; reducing absolute greenhouse gas emissions by more than 25% by 2035. Carbon neutrality is the basis of Rosneft's strategic vision: while remaining a reliable producer, minimizing the impact on the climate and the environment. This goal will be achieved by reducing emissions, using low-carbon power generation, developing energy-saving technologies, carbon capture and storage technologies, using natural absorption potential, and other measures. At the same time, the "Rosneft-2030" strategy points the way for the development of the company's various business areas: maintaining the leading position in unit production costs, increasing the share of natural gas in total production to 25%, increasing payments to Rosneft shareholders and improving profitability, actively promoting circular economy principles, applying biodiversity protection methods, etc. Exploration In terms of hydrocarbon reserves, Rosneft is the undisputed leader among the world's public oil and gas companies. According to the results of the PRMS international classification (Hydrocarbon Resource Management System) reserve audit, as of December 31, 2022, the company's 1P reserves were 42.3 billion barrels of oil equivalent, 2P reserves were 84.2 billion barrels of oil equivalent, and 3P reserves were 132.4 billion barrels of oil equivalent. The production replacement rate of 2P reserves exceeds 100%. Rosneft conducts exploration in all underground resource utilization areas of the Russian Federation, including the Russian Far East, Eastern Siberia, Central Russia, Timano-Pechora and Southern Russia. In 2022, Rosneft conducted more than 44,000 square kilometers of 2D seismic and more than 68,000 square kilometers of 3D seismic onshore in Russia. Testing of 64 exploration wells was completed with a success rate of 80%. The company is the largest user of subsurface resources in Russia's offshore: Rosneft holds licenses for the development of 55 blocks offshore the Russian mainland. The hydrocarbon resources in these blocks amount to about 41.5 billion tons of oil equivalent. Rosneft has implemented a large-scale offshore exploration program and has exceeded its license commitments every year. Efficient geological exploration has enabled the company to discover 7 oil fields and 153 new hydrocarbon deposits with reserves of about 0.3 billion tons of oil equivalent in the AB1C1+B2C2 category. The most important discoveries include Madachagskoye on the continental shelf of the Pechora Sea with recoverable oil reserves of 82.3 million tons in the AB1C1+B2C2 category. This is the largest discovery in the Russian Federation in 2022. Thus, as of December 31, 2022, the Company's hydrocarbon reserves classified in Russia amounted to 159.3 billion barrels of oil equivalent (21.5 billion tons of oil equivalent) in the AB1C1+B2C2 category. Among the most outstanding discoveries of Rosneft in recent years are also the world's largest oil field: the West Ilginskoye field in the Krasnoyarsk Territory, as well as the Zhukov and Rokossovsky gas fields offshore the Kara Sea. Their total potential is estimated at 4 billion barrels of oil equivalent. In addition, in 2021, the company discovered a unique rich-gas condensate field named after Е.Zinichev in the Krasnoyarsk Territory with recoverable reserves of 384 billion cubic meters of AВ1С1+В2С2 natural gas, as well as the large Kederginskoye gas field in Yakutia with recoverable reserves of more than 43 billion cubic meters of AВ1С1+В2С2 natural gas. Production and Development Effective management of the portfolio of production assets and investments in the development of new fields enables Rosneft to ensure stable growth in hydrocarbon production now and in the future. Rosneft is the largest oil producer in the Russian Federation with a share of more than 40% in total production. In 2022, the company's liquid production reached 5.1 million barrels of oil equivalent per day. At the same time, average daily hydrocarbon production rose to 5.5 million barrels of oil equivalent due to the resumption of production at the Sakhalin-1 project in the fourth quarter of 2022. Rosneft is also one of the largest independent natural gas producers in Russia. Natural gas production reached a record high of 74.4 billion cubic meters in 2022. As part of its development strategy, Rosneft plans to increase the share of natural gas in its total hydrocarbon production to 25% by 2025. Vostok Oil Flagship Project In 2020, Rosneft launched the Vostok Oil Project, the largest project in the global oil and gas industry. Currently, the project includes 52 licensed areas in the Krasnoyarsk Territory and the northern part of the Yamalo-Nenets Autonomous Region, where 13 oil and gas fields are located, including the Vankor group of fields (such as Vankor, Suzun, Tagur and Lodochnoye fields) and the Payakha group of fields. The project resources amount to 6.5 billion tons. This estimate is confirmed by large-scale geological surveys and detailed reports of world-class experts and international auditors. The results of the exploration are many times higher than the forecasts, so we can confidently predict that oil production will remain high for decades to come, with a phased increase to 115 million tons by 2033. The logistical advantage of the Vostok oil project is that the raw materials of the oil fields can be supplied to all international markets, especially the Asia-Pacific region. The record low unit extraction costs and the low carbon footprint (only one-quarter of the global average for new projects) make Vostok Oil one of the most environmentally friendly and "green" oil production projects in the world. Vostok Oil's crude oil is unique in composition: it is a high-quality light sweet crude oil with a sulfur content of 0.01% to 0.1%. This figure is comparable to the Euro 3 standard for diesel. In fact, these are "green barrels" produced through advanced technology. Their production may significantly reduce or even eliminate the need for certain units of refineries, thereby significantly reducing greenhouse gas emissions. In addition to conventional thermal power generation, the Vostok Oil energy system will also integrate wind power generation, which is a unique feature of the project. The maximum capacity of the wind farm can reach 200 MW. A notable feature of the project is its almost 100% utilization of associated petroleum gas for its own energy needs. The main oil transportation artery of the Vostok Oil project will be a unique pipeline with a length of about 770 kilometers. This trunk pipeline will transport Vostok Oil's commercial oil to the port of Sever Bay. The new oil pipeline system will include existing infrastructure in the Vankor cluster and infrastructure to be built on the Taimyr Peninsula in the coming years. The project focuses on the extensive use of in-house and Russian solutions: more than 99% of the equipment and components of the Vostok oil power plant are domestically produced. Oil refining and gas processing Rosneft is the leading company in Russia's oil refining industry. The company accounts for more than 35% of Russia's refining output. In 2022, the company's oil refining volume reached 94.4 million tons. The company's refining and petrochemicals segment includes 13 large refineries, 3 petrochemical plants, 4 gas processing plants, 3 catalyst manufacturing plants and 1 service company. Rosneft is implementing the largest refinery upgrading project in the industry, including the renovation of the Komsomolsk-on-Amur refinery, the upgrading of the Ryazan and Tuapse refineries, the renovation and upgrading of the Achinsk refinery, the Angarsk Petrochemical Company and the Samara Group plants. The total investment in the project exceeds 1 trillion rubles. Rosneft's petrochemical complex includes the Angarsk Polymer Plant, the Novokuibyshevsk Petrochemical Company and the Ufarg Synthetic Plant. In addition, the petrochemical business includes the aromatics production center in Bashneft-Ufa Neftkim and the methanol, butanol and amine production facilities of Angarsk Petrochemical Company. Rosneft holds a leading position in the domestic petrochemical catalyst market. The company's Angarsk Catalyst Plant, Novokuibyshev Catalyst Plant and RN-Kat produce products that are comparable to the best in the world and even exceed them in some parameters. Since 2020, Rosneft has completely abandoned imports and switched to using only its internally produced hydrotreating and hydrocracking catalysts. This helps solve the most important strategic task of reducing the domestic refining industry's dependence on imported catalysts. In 2022, the company began to export its internally produced catalysts abroad. Rosneft holds a 49.13% stake in India's Nayara Energy, which includes a refinery with an annual production capacity of 20 million tons in the city of Vadinar. The refinery is the second largest refinery in India and one of the most technologically advanced refineries in the world. The Indian company is implementing a refinery upgrade program: the first phase plans to build a polypropylene production unit with an annual capacity of up to 450,000 tons. Nayara Energy's business also includes a deep-water port that can accommodate very large VLCC tankers and one of the largest fuel retail networks in India with more than 6,500 fuel stations. Fuel supply and retail In the reporting year, Rosneft continued to fully meet the growing demand for high-quality motor vehicle fuels in the domestic market. The scope of domestic sales of petroleum products reached a record 42.1 million tons in 2022, an increase of 6.0% year-on-year. Rosneft's retail network is the largest in Russia in terms of geographical coverage and number of gas stations, and Rosneft's gas station brand is also one of the leaders in Russia in terms of visibility and fuel quality. Rosneft's retail business covers 61 regions of Russia. At the same time, the company operates about 3,000 gas stations in Russia, Belarus, Kyrgyzstan and Abkhazia. These gas stations are equipped with shops, cafes, pharmacies, post offices and dry cleaning counters. The company is also promoting a new customer service method at its gas stations - food trucks (mobile retail stores). Currently, gas stations in St. Petersburg, on the federal highway between St. Petersburg and the Republic of Karelia, and gas stations in Arkhangelsk offer "mobile cafe" services. The company's retail and sales complex has 116 oil bases, as well as a fleet of 915 refueling trucks. The company is also implementing a program for compressed natural gas (CNG) filling stations. Currently, the network of filling stations and filling station modules includes 21 filling stations in Voronezh, Saratov, Orenburg and Ulyanovsk regions, Stavropol Territory, the Republic of Ingushetia, the Republic of Mordovia and the Republic of Udmurtia. By 2028, Rosneft intends to launch up to 200 filling stations under its refueling infrastructure development program. Rosneft equips its gas stations with electric vehicle charging infrastructure. Rosneft's gas stations have 55 charging units in the city of St. Petersburg, as well as in the Leningrad, Moscow, Tver, Lipetsk and Voronezh regions, the Krasnodar Territory and the Republic of Buryatia. One of Rosneft's priorities is to expand sales channels for its premium products, including in the fields of airport refueling, bunkering and asphalt. Rosneft provides "aircraft refueling" services at 40 airports in Russia and abroad. Rosneft's refueling business covers all major Russian seaports and river ports. In the field of asphalt, Rosneft is developing the manufacture and sale of high-tech modern materials for road construction, the most important of which are modified products, which help to significantly improve the quality of road surfaces. Far Eastern Shipyard On the commission of the Russian President, Rosneft is implementing a large-scale project to create a shipbuilding cluster in the Far East, the core of which will be the Red Star Shipyard in Bolshaya Kamen, Moscow. The construction of the shipyard is being carried out in two stages. The facilities of the first expansion phase were commissioned in 2016 and 2017 (hull shop, paint shop and heavy open outfitting slipway) and are currently in operation. In September 2016, Russian President Vladimir Putin, speaking at the launch ceremony of the first phase of the shipyard, said: "We have reason to believe that the new plant will be superior to our main international competitors in many aspects." The President noted that the development of the civilian shipbuilding industry and the commissioning of new production facilities are one of the key strategic tasks for strengthening the industrial potential of the Russian Far East. The President noted that it is very important to implement Rosneft's integrated strategy in the Russian Far East, which aims to build oil and gas production and processing facilities, while supporting research activities, implementing social projects and creating infrastructure for high-quality growth. "All this demonstrates a fundamental and responsible way of doing business, which should serve as a reference point for other large Russian and foreign companies ready to invest in the Russian Far East," said the President of the Russian Federation. One of the key facilities of the first phase is the open heavy outfitting slipway. The slipway is an advanced engineering structure covering an area of ​​12 hectares. The slipway is equipped with four 100-ton gantry cranes, two 320-ton bridge cranes and a 1,200-ton giant crane, which has no analogues in Russian shipyards. This type of crane allows to build several ships with large sections at the same time (in existing Russian shipyards, the maximum capacity of the cranes does not exceed 500 tons). As a result, now Russia can build ships and offshore facilities up to 300 meters long and 75 meters wide. In July 2018, Zvezda Shipyard received a transport and transshipment floating dock with a loading capacity of 40,000 tons. The dock is designed to launch large ships with a length of about 300 meters, a width of more than 50 meters, a launching weight of up to 40,000 tons, and a deadweight of up to 350,000 tons, as well as to launch marine facilities such as drilling platforms and their components without the use of special equipment, and to ensure high quality and safety of the launch. In December 2021, the dry dock of Zvezda Shipyard was put into operation 3 years ahead of schedule, becoming the largest dock in Russia and one of the largest in the world. The second stage of the shipyard construction is scheduled to be put into operation in 2024. The facilities of the second stage include additional full-cycle manufacturing workshops for the construction of large-tonnage ships and marine facilities. The product line of the Zvezda Shipyard includes high-tech and large-tonnage ships, offshore drilling platforms, exploration and production platforms, service vessels, including ice-class ships. The order portfolio of the shipyard lists more than 60 ships. They have already launched three Aframax tankers, two of which are already transporting oil, and one Katerina Velikaya multipurpose vessel. Zvezda Shipyard is building the Russian flagship, the first nuclear-powered icebreaker of the "Leader" project. The ship will be the most powerful nuclear-powered ship in the history of global shipbuilding. This technologically highly complex project has no analogues in the world. Its main goal is to provide year-round trials for commercial fleets on the Northern Sea Route. The "Leader" project will become the basis for a new generation of Russia's icebreaker fleet. By 2024, the shipyard will employ more than 7,500 highly qualified specialists. In the town of Bolshoi Kamen, a new residential complex called Parkovy is being built for them. In July 2022, the shipyard held a housewarming party in the first two residential buildings built at the expense of Rosneft. There will be a total of 10 residential buildings in the area, equipped with playgrounds and sports fields. Sustainable development (ESG) Rosneft's strategy is based on structuring its business in accordance with the highest health, safety and environmental requirements. Rosneft has been a member of the UN Global Compact since 2010 and publishes its sustainability report every year. Rosneft's mission, values, guidelines and strategic principles are aligned with the UN's 17 Sustainable Development Goals. The company has identified five priority goals and will achieve them through its core business: good health and well-being, affordable and clean energy, decent work and economic growth, combating climate change, and partnerships for sustainable development. In December 2021, the company's Board of Directors approved a new development plan: "Rosneft-2030: Reliable Energy and Global Energy Transformation". According to this strategy, Rosneft aims to achieve net carbon neutrality by 2050. In 2021, Rosneft became the only Russian oil and gas company to be awarded the status of Leader in Sustainability and included in the Global Compact’s LEAD initiative for its strong commitment to the UN Global Compact and its ten principles for responsible business. Rosneft directly contributes to the achievement of the UN’s 17 goals not only in its core business, but also by supporting various projects and initiatives aimed at improving living standards, developing healthcare, science and education, culture and protecting the environment in the regions where it operates. In 2022, Rosneft ranked among the leaders of Russian ESG stock indices for the seventh consecutive time, including the Moscow Exchange-RUIE (Russian Union of Industrialists and Entrepreneurs) Responsibility and Openness Index and the Moscow Exchange-RUIE Sustainability Vector Index. The company was awarded the highest level of ESG rating for sustainable corporate governance by the University of Perugia and the “Yes-Strategy” business development agency in Italy. Science and Innovation Rosneft is a leader in innovative change in the Russian oil and gas industry. The company's efforts are aimed at developing the industry's knowledge and technological potential, building on the strong foundation of the best Russian oil and gas schools in the world. Rosneft has formed the largest R&D complex in Europe with a large-scale infrastructure and outstanding R&D potential: it consists of 30 institutes and employs 185,000 highly qualified specialists. The company's R&D complex is spread across all regions of the company's business, as well as abroad. At the same time, the applied interests of the complex's scientists cover all business areas, from oil field development to retail. R&D complex specialists have developed more than 16 geological, oil production and refining software packages, including the RN-GRID package for modeling hydraulic fracturing operations (GRP), RN-GEOSIM, RN-KIM, RN-SIGMA, and others. In terms of digital transformation and IT technology development, more than 50,000 digital twins of oil wells and production facilities have been implemented. Digital oilfield and digital refinery projects have been launched. The company's software products surpass foreign counterparts in terms of the number of tasks handled and calculation speed. The quality and efficiency of Rosneft's software are also demonstrated by its successful commercialization: licenses for 10 of the company's unique products have been exported to foreign markets. 74% of Rosneft's own software is used in exploration and production, and in the fields of hydrodynamic modeling, hydraulic fracturing design and geonavigation, this figure reaches 100%. The effect of introducing internal IT solutions has reached about 10 billion rubles. In the course of implementing the innovation development program, Rosneft has created a portfolio of 118 targeted innovation projects and continues to fully commission new technologies, both those offered for the first time by manufacturers and those that have been successfully tested in oil and gas practice. Testing and implementation of technologies are carried out at multiple levels depending on strategic importance and scale of promotion, and pilot tests are carried out. Rosneft relies on accelerated business digitalization, industrial Internet technologies, which will fundamentally strengthen the control of logistics and eliminate the factor of human error. Environmental protection Rosneft prioritizes environmental protection and the preservation and restoration of natural resources. To make its operations more environmentally friendly and minimize its environmental footprint, the company's "green" investments over five years (2018-2022) total about 270 billion rubles. The company's environmental initiatives include the rational use of associated petroleum gas, reducing greenhouse gas emissions and improving its capture and storage technologies, optimizing water and wastewater treatment processes, land reclamation and ecosystem protection. Currently, all major subsidiaries of the company have achieved 99% utilization of associated petroleum gas by establishing infrastructure to collect, use and supply gas to consumers or re-inject it into formations. In the field of natural resource protection, the company actively promotes the principles of "circular economy" ("closed loop economy"), including waste-free manufacturing technologies, resource recovery and reuse. Rosneft implements a series of comprehensive programs to protect and restore natural resources. An important component of Rosneft's strategy is the natural absorption mechanism. The company has already significantly contributed to the absorption of greenhouse gas emissions by forests through annual afforestation in its operating areas. In the period 2020-2022 alone, Rosneft subsidiaries planted more than 18 million seedlings and young trees. In 2022, the company launched the world's largest forest-climate project. A package of forestry measures is expected to have a cumulative absorption potential of 10 million tons of CO2 equivalent. Rosneft's forest-climate project aims not only to significantly contribute to the absorption of greenhouse gases and help develop a methodological framework for the establishment of an appropriate mathematical balance model, but also to contribute to the establishment of a regulatory framework for the market of carbon units (CU). The company pays special attention to measures for the reproduction of aquatic biological resources. Group subsidiaries are responsible for the reproduction and release of fish fry into river systems (in total, group subsidiaries released about 230 million fish fry in 2020-2022). Under the project of the Arctic Research Center (part of the Rosneft Research and Development Center) and the Innopraktika non-governmental development institute of the Biology Department of the Lomonosov Moscow State University, Russian scientists have created a unique prototype of a biological product for cleaning up oil and oil product spills on the coastline and waters of the North Sea. The technology is based on the use of naturally occurring psychrophilic (cold-loving) microorganisms, which feed on hydrocarbons. In July 2012, Rosneft sent two research vessels to the North Sea for the first time to study the runoff winds of Novaya Zemlya. This expedition launched the largest Arctic research in modern history. In the following 10 years, Rosneft conducted about 40 comprehensive expeditions, many of which were unique. With the help of Russian high-tech equipment, they studied 90% of the Russian Arctic glaciers. These studies had practical goals, which included the development of the Northern Sea Route and the control of ice conditions at high latitudes. The company implements projects aimed at studying and protecting Arctic animals and birds, which are indicators of the sustainability of the region's ecosystems. Likewise, expeditions went to study polar bears, Atlantic walruses, wild reindeer, Siberian sables and ivory gulls, which are recorded in the Red Book at all levels. The results of the research serve as the basis for planning the company's operations and organizing environmental monitoring. The company is sponsoring projects for the protection and breeding of rare animals, such as Siberian tigers, polar bears, Atlantic walruses, ivory gulls and wild reindeer. Rosneft is protecting polar bears in all zoos across the country and financing the construction of new homes to make the bears' living conditions as comfortable as possible and similar to their natural habitat. Social responsibility Rosneft implements social programs in all regions of its presence: building modern hospitals, sports centers, ice stadiums, schools and kindergartens. The company has strategic cooperation agreements with local governments. This is primarily aimed at the development of social infrastructure. Large-scale projects are underway that will completely change the face of towns and provide local residents with direct access to the latest services in health care, education, sports and recreation, as well as housing and utilities. The company's subsidiaries are often the main employers in their locations, so they undertake commitments to maintain streets and roads, build bridges, repair utilities and transport networks, electricity and heating facilities, and replace equipment. Rosneft implements dozens of projects related to supporting health care and developing medicine. It allocates a large amount of funds for the construction, overhaul and reconstruction of medical facilities (clinics, hospitals, medical centers), the improvement of their infrastructure, and the purchase of new medical and diagnostic equipment. The main social projects in this field include the launch of a multifunctional medical center in Gelendzhik, the construction of a new children's hospital building in Saratov, and the creation of a comprehensive emergency system of emergency medical services in the Arctic. Another important focus of the social policy of Rosneft and its subsidiaries is the support of sports. The company finances the construction of ice arenas, sports centers and multifunctional sports stadiums in its regions. The company supports not only professional sports, but also amateur sports. Rosneft owns the CSKA ice hockey club, and also finances the Arsenal football club in Tula, sponsors the Lada Sport Rosneft racing team as a general sponsor, helps Russian sambo wrestlers and promotes various regional sports development programs. Rosneft actively participates in important events in Russia's cultural life. The company finances projects that define the country's cultural image, influence national identity and form the public's understanding of high culture. These include support for the Shostakovich St. Petersburg Philharmonic, the Boris Eifman Ballet, the Sretensky Monastery Choir, as well as such notable cultural events as the exhibition of Thomas Gainsborough’s paintings and Edo paintings at the Pushkin Museum of Fine Arts and the exhibition of Raphael’s paintings at the Hermitage Museum. In 2019, Rosneft helped the Hermitage Museum reopen part of the Ancient World Gallery. This incomparable museum space had been closed to the public for nearly 40 years. After an extensive restoration, the gallery returned to its historical appearance and became the venue for the permanent exhibition “Ancient Colonization of the Northern Black Sea Region”. Rosneft is the general sponsor of the “White Steamboat Children’s Music Festival”, a charity project for disadvantaged children. Gifted children receive an education in singing, performance techniques, choral singing, musical instruments and choreography from highly skilled professional tutors at a unique summer singing and choral school, and then perform at gala concerts in major concert halls across Russia.

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