sol just casually passed intel's market cap ($100b) while xrp topped shell ($206b)but the real game is underneath: circle moving major usdc ops to sol + $738m xrp whale movesthey're not trading. they're building settlement infrastructure. ...

Core Insights - Sintana Energy Inc. has received a 12-month extension for Petroleum Exploration License 79 (PEL 79) in Namibia, now valid until July 2026, allowing further exploration activities [2][6] - The joint venture partners include the National Petroleum Corporation of Namibia (NAMCOR) and Giraffe Energy Investments, with Sintana holding a 49% interest in Giraffe [2][3] - PEL 79 is strategically located near other licenses with significant oil discoveries, enhancing its potential value [3][5] Exploration and Development - PEL 79 is supported by extensive seismic data, including over 4,760 km of 2D seismic and 1,137 km² of 3D seismic, along with a well that has shown gas indications [3] - The area is experiencing increased drilling activity, with nearby operators like Rhino Resources having made significant oil discoveries, including a flow test of over 11,000 barrels per day from the Capricornus-1X well [5][6] - Sintana anticipates material progress across its Namibian offshore portfolio in the coming quarters, leveraging the extension of PEL 79 [6]

Core Viewpoint - Sintana Energy Inc. has received a 12-month extension for Petroleum Exploration License 79 in Namibia, allowing further exploration and development activities until July 2026, amidst significant regional exploration activity [2][6]. Group 1: License and Joint Venture Details - PEL 79 is governed by a joint venture that includes Sintana Energy (49% ownership), National Petroleum Corporation of Namibia (67% operator), and Giraffe Energy Investments (33% interest) [2][3]. - The license covers blocks 2815 and 2915 in Namibia's Orange Basin, which is strategically located near other active licenses operated by BW Energy, Rhino Resources, and Shell [3][6]. Group 2: Exploration Potential - PEL 79 has a substantial prospect inventory supported by over 4,760 km of 2D seismic and 1,137 km² of 3D seismic data, along with one well showing gas indications intersecting the Kudu source rock [3][6]. - Adjacent exploration activities by Rhino Resources have resulted in significant discoveries, including the Capricornus-1X well, which produced over 11,000 barrels per day of light oil from a 38-meter net oil-bearing reservoir [5][6]. Group 3: Future Outlook - The extension of PEL 79 is expected to enhance Sintana's ability to capitalize on the geological and commercial potential of the area, with anticipated material progress across its Namibian offshore portfolio in the coming quarters [6][7].

Core Points - Eco Wave Power Global AB has successfully completed the production of all floaters for its first U.S. wave energy project at the Port of Los Angeles [1][2] - This project marks the first-ever onshore wave energy pilot station in the United States, with floaters manufactured by All-Ways Metal, a woman-owned company [2][4] - The floaters are now moving into the final assembly and logistics phase, with deployment expected to begin later this month [3][5] Company Overview - Eco Wave Power is a pioneering onshore wave energy company that transforms ocean waves into clean electricity using patented technology [8] - The company has a strong commitment to addressing climate change and has developed Israel's first grid-connected wave energy power station [8] - Eco Wave Power is expanding its global footprint with upcoming projects in the Port of Los Angeles, Portugal, Taiwan, and India, contributing to a project pipeline of 404.7 MW [9] Project Details - The floaters will be installed on a pre-existing jetty structure at the Port of Los Angeles, converting wave motion into clean electricity [4] - The project is supported by Shell's Marine Renewable Program and emphasizes local sourcing and U.S. job creation [6] - The official opening of the project is anticipated to take place later this summer [5]

Group 1 - BP plc is planning to sell its Castrol lubricants business, valued at approximately $8 billion, attracting interest from several high-profile bidders including Clayton Dubilier & Rice (CD&R) [1][3][8] - The sale of Castrol is part of BP's strategy to address pressures from activist investors like Elliott Management, who are advocating for cost reductions and improved returns [4][8] - Other bidders for the Castrol unit include Apollo Global Management, Lone Star Funds, and India's Reliance Industries, indicating a competitive auction process [3][4] Group 2 - Helge Lund, BP's current chairman, is an operating advisor to CD&R, which adds a unique dimension to the bidding process, although he is reportedly not involved in CD&R's interest in Castrol [2][6] - The auction for Castrol began earlier this year as BP faces scrutiny regarding its strategic direction and leadership succession, with potential successors having withdrawn from consideration [2][4] - CD&R's interest in Castrol aligns with its expansion strategy in the UK, where it already owns the Morrisons supermarket chain and Motor Fuel Group [6]

Today in Bloomberg Deals: First-half figures for M&A, Home Depot agrees to buy GMS and why Shell might still need to buy https://t.co/KViJm4g3Nb ...

Mergers and Acquisitions - Shell denies pursuing acquisition of BP [1] - Other deals are not precluded despite Shell's denial of BP acquisition [1]

Given escalating tensions in the Middle East and related uncertainty, investors may want to think about adding some exposure to energy stocks. Although the sector hasn't exactly crushed it in recent years, and talks of a ceasefire between Israel and Iran have kept oil prices down (as of June 24), the region is erratic, and there are plenty of scenarios that could lead to higher oil prices.Having some exposure to oil and gas stocks can keep investors hedged against such a scenario. The good news is that many ...

Carol Massar Interesting day on the market. 6091 on the S&P 519,009 96. Right now on the Nasdaq composite.What a different day from yesterday. Right. We had a full charged rally and today just feels like a sideways move.And I don't know, is it investors questioning so much that happened yesterday. I don't know. It's just a weird, weird day of trading, a narrow range.And for much of the day, stocks searching for direction in the S&P 500. Stocks for as high as 3/10 of 1%, down as much as 2/10 of 1%. And look ...

>> LIVE FROM WASHINGTON, D.C., THIS IS "BALANCE OF POWER" WITH JOE MATHIEU AND KAILEY LEINZ. JOE: PRESIDENT TRUMP HEADS HOME FROM THE NATO SUMMIT WITH IRAN TALKS NOW ON THE CALENDAR. WELCOME TO THE WEDNESDAY EDITION OF "BALANCE OF POWER," AS THE PRESIDENT FLIES BACK TO THE U.S., WITH A FOCUS SHOULD RESPECT TO SHIFT --SHIFTS BACK TO HIS BIG BEAUTIFUL BILL. I'M JOE MATHIEU WITH KAILEY LEINZ. AS RETURN BACK TO CAPITOL HILL, THERE IS CONCERN THAT THIS WAS LIGHT AND THEY WILL NOT MAKE THE JULY 4 DEADLINE. KAILEY ...