TENAZ ENERGY CORP. ANNOUNCES 2026 GUIDANCE
TMX Newsfile· 2025-12-17 23:37
CALGARY, ALBERTA--(Newsfile Corp. - December 17, 2025) - Tenaz Energy Corp. ("Tenaz", "We", "Our", "Us" or the "Company") (TSX: TNZ) is pleased to announce its 2026 production and capital guidance. Our Board of Directors has approved a capital expenditure budget of $250 to $275 million. Production guidance for 2026 is 19,500 to 22,500 boe/d1, reflecting year-over-year production growth (at mid-point of guidance) of approximately 115% from 2025. 2026 Guidance Average production volume19,500 to 22,500 boe/dC ...
Exclusive: FTC investigating Instacart's AI pricing tool, source says
Reuters· 2025-12-17 23:36
The U.S. Federal Trade Commission is probing Instacart , two sources familiar with the matter told Reuters, as the retail platform faces criticism over its artificial intelligence-driven pricing tool. ...
Stock market today: Why S&P 500, Nasdaq, Dow dropped - AI stocks crash hit Oracle, Nvidia, AMD, Broadcom, Alphabet
The Economic Times· 2025-12-17 23:35
S&P 500, Nasdaq, Dow today: US stocks fell on Wednesday as investors rotated out of high-flying artificial intelligence names, spurred by a report that US Stocks Fall as AI Sector Faces Sell-OffThe S&P 500 dropped 1.16% to 6,721.43, the Nasdaq Composite fell 1.81% to 22,693.32, and the Dow Jones Industrial Average slipped 228.29 points, or 0.47%, to settle at 47,885.97, as per a CNBC report. This marked the fourth consecutive negative day for the S&P 500 and the Dow.Oracle Stock Today Falls After Investor P ...
E-Commerce Returns Of Holiday Purchases Down 2.5%, Adobe Reports
Forbes· 2025-12-17 23:35
During the first six weeks of the holiday season, online returns were down 2.5%, according to Adobe Analytics data. (Photo by Smith Collection/Gado/Getty Images)Gado via Getty ImagesDuring the first six weeks of the holiday shopping season, returns of online purchases were down 2.5%, Adobe reported today. In addition to that potentially positive news for retailers, Adobe also reported that online sales have remained solid following a strong start to the season. E-commerce sales on U.S. retail sites were up ...
Woodside Energy's Meg O'Neill Named BP CEO As Murray Auchincloss Exits
Forbes· 2025-12-17 23:35
Core Insights - BP has announced the unexpected departure of CEO Murray Auchincloss, with Meg O'Neill from Woodside Energy set to take over as the first female CEO in April 2026 [2][3] - Auchincloss's tenure lasted less than two years, following the resignation of his predecessor Bernard Looney after three years, indicating instability in BP's leadership [3] - O'Neill's appointment is seen as a move towards stabilizing BP's leadership and enhancing its growth potential [3][7] Leadership Transition - Until O'Neill assumes her role, Carol Howle will serve as interim CEO, while Auchincloss will remain in an advisory capacity until December 2026 to facilitate a smooth transition [4] - Auchincloss expressed confidence in BP's future growth under O'Neill's leadership, highlighting the company's readiness for significant growth [5] Meg O'Neill's Background - O'Neill has been CEO of Woodside Energy since 2021, during which she transformed the company into the largest energy firm on the Australian Securities Exchange [5][6] - Her notable achievements include overseeing the acquisition of BHP Petroleum International, which diversified Woodside's portfolio [6] - Prior to Woodside, O'Neill spent 23 years at ExxonMobil in various technical and leadership roles [6] Strategic Vision - BP's chairman Albert Manifold emphasized O'Neill's track record in driving transformation and disciplined capital allocation, aligning with BP's goal to become "a simpler, leaner, and more profitable" company [7] - O'Neill expressed her commitment to enhancing BP's performance, safety, innovation, and sustainability to meet global energy needs [8] - The company faces challenges, including underperforming share prices and pressure from activist investors [8]
INTEGRA DELIVERS ROBUST FEASIBILITY STUDY FOR DELAMAR GOLD-SILVER HEAP LEACH PROJECT HIGHLIGHTING IMPROVED ECONOMICS AND REDUCED DEVELOPMENT RISK
Prnewswire· 2025-12-17 23:33
Core Insights - Integra Resources Corp. announced the results of its Feasibility Study for the DeLamar Gold and Silver Heap Leach Project, highlighting robust project returns and a strong economic profile [1][3][4] Feasibility Study Highlights - The project has an after-tax net present value (NPV) of $774 million at base case metal prices and $1.7 billion at spot prices, with internal rates of return (IRR) of 46% and 89% respectively [3][6] - The mine life is extended to 10 years with total life-of-mine production of 1.1 million ounces of gold equivalent [3][6] - Average production is projected at 119 thousand ounces of gold equivalent per year during the first five years, with cash costs below industry averages [3][6] Project Economics - Initial capital costs are estimated at $389 million, with sustaining capital of $305 million over the life of the mine [3][6] - The project has a base case NPV-to-capex ratio of 2.0 and a payback period of 1.8 years, improving to 4.4 and 1.1 years at spot prices [3][6] - Average after-tax free cash flow is projected at $165 million during the first five years [3][6] Community and Environmental Impact - The project is expected to create approximately 300 direct permanent jobs and has garnered local support through engagement with community stakeholders [3][4][5] - A simplified project layout and enhanced water management strategy are anticipated to facilitate permitting advantages [3][5] Mining and Processing Details - The operation will utilize conventional open-pit mining methods with a low strip ratio of 0.54:1, focusing on high-grade ore from the Florida Mountain deposit initially [3][26] - The updated two heap leach configuration aims to improve constructability and operational flexibility while managing environmental impacts [3][29] Infrastructure and Capital Costs - The project will leverage existing infrastructure from the historical DeLamar mine, minimizing new construction needs [36][37] - Capital cost estimates are based on vendor-supported pricing and recent costs from Integra's Florida Canyon mine [46][48]
DoorDash Teams Up With OpenAI to Offer Grocery Shopping in ChatGPT
WSJ· 2025-12-17 23:32
Group 1 - The partnership allows users to request meal or recipe suggestions from ChatGPT and subsequently use the DoorDash app for shopping [1]
Kia PV5 Earns Global Recognition Across Performance, Safety, Design and Innovation in 2025
Prnewswire· 2025-12-17 23:30
Core Insights - The Kia PV5, the brand's first all-electric Platform Beyond Vehicle (PBV), has achieved significant global recognition in its first year, highlighting Kia's competitiveness in the light commercial vehicle (LCV) segment [1][2] Awards and Recognition - The PV5 has received major international accolades for performance, safety, design, family usability, and long-distance capability, emphasizing the product's strength and the relevance of Kia's PBV strategy [2] - In the UK, the PV5 Cargo has won multiple 'Van of the Year' titles from various publications, praised for its modular platform, EV driving experience, conversion flexibility, and practicality [3] - The PV5 was awarded the 2026 International Van of the Year (IVOTY), marking it as the first Korean van and Asia's first EV to receive this honor, with judges noting its modular architecture and strong safety credentials [4] Safety and Design Achievements - The PV5 Cargo achieved a five-star rating in the 2025 Euro NCAP Commercial Van Safety Assessment, positioning it among Europe's safest electric vans [4] - The vehicle has also won multiple Red Dot Awards, including a Best of the Best honor for the PV5 WKNDR Concept, and set a GUINNESS WORLD RECORDS title for the longest distance driven by a fully loaded electric van on a single charge [5] Strategic Vision - Kia aims to redefine purpose-built mobility through modular design, electrification, and a scalable PBV ecosystem, creating lasting value for businesses, cities, and individual customers [3]
Aspen Aerogels Announces Amendment to MidCap Credit Facility
Globenewswire· 2025-12-17 23:30
Core Viewpoint - Aspen Aerogels, Inc. has amended its Credit, Security and Guaranty Agreement with MidCap Financial to enhance its financial position and provide additional flexibility for future operations [1][2]. Financial Position - The amendment improves Aspen's financial covenant framework, allowing for greater operational flexibility [1]. - The company's liquidity outlook is better than expected, driven by operational efficiencies, working capital improvements, and prudent capital spending [2]. Strategic Focus - Aspen aims to execute its strategy in 2026 with the support of the financial flexibility gained from the amendment [2]. - The company is a leader in sustainability and electrification solutions, leveraging its aerogel technology to address global trends in resource efficiency, e-mobility, and clean energy [3]. Product Offerings - Aspen's PyroThin® products address thermal runaway challenges in the electric vehicle market, while its Cryogel® and Pyrogel® products are utilized by major energy infrastructure companies [3]. - The company seeks to partner with industry leaders to expand its Aerogel Technology Platform® into high-value markets [3].
Jim Cramer raises concerns about tech's 'Lazy Susan' deals
CNBC· 2025-12-17 23:29
CNBC's Jim Cramer on Wednesday expressed trepidation about circular transactions between tech companies as Wall Street weighs the value of artificial intelligence heavy hitter OpenAI."These days, we're constantly hearing about what I'd call these 'Lazy Susan' deals, except they're being celebrated as good news for both parties," he said.To Cramer, a "Lazy Susan" deal occurs when one company gives another money, and in exchange, the recipient invests some of that money back into the other company. He referen ...