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Eni Discovers Significant Gas Reserves in Indonesia's Kutei Basin
ZACKS· 2025-12-11 15:51
Core Insights - Eni S.p.A. has discovered significant gas reserves in the Kutei Basin, offshore Indonesia, specifically in the Konta-1 exploration well, drilled to a depth of 4,575 meters [1][9] - The discovery includes 600 billion cubic feet (Bcf) of gas initially in place, with potential resources exceeding 1 trillion cubic feet (Tcf) [2][9] - The proximity of the discovery to existing Eni facilities allows for development synergies and faster execution of production [3][9] Exploration and Development - The Konta-1 well has identified gas in high-quality sandstone reservoirs from the Miocene period, exhibiting excellent petrophysical properties [2] - Eni plans to drill four additional wells in the Kutei Basin in 2026 as part of its ongoing exploration campaign [4] - Eni holds an 88.334% participating interest in the Muara Bakau Production Sharing Contract (PSC), with Saka Energi holding the remaining 11.666% [4] Strategic Implications - The successful discovery enhances Eni's confidence in continuing its exploration efforts in the Kutei Basin [4] - Fast-track development options are being explored to efficiently utilize the newly discovered gas resources [3]
PyroGenesis Signs Plasma-Based Contract With Leading Battery Recycler
Globenewswire· 2025-12-11 12:00
Project will test the use of plasma in the recovery of critical minerals from end-of-life batteriesMONTREAL, Dec. 11, 2025 (GLOBE NEWSWIRE) -- PyroGenesis Inc. (“PyroGenesis”) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY1), the leader in ultra-high temperature processes and engineering innovation, and a plasma-based technology provider to heavy industry & defense, announces today the recent signing of a contract with a company engaged in large-scale battery recycling, for the testing of high-temperature plasma durin ...
GE Vernova Rockets After Investor Day: Why Bank Of America Sees More Room To Run
Benzinga· 2025-12-10 15:00
GE Vernova Inc. (NYSE:GEV) jumped to fresh record highs on Wednesday after the company's New York investor update delivered what Bank of America called a "Super-Vernova" outlook. The firm raised long-term financial targets, expanding capacity plans, and showcasing surging backlog growth.Minutes into the New York session, GE Vernova shares blasted up to $720.86, a 15% jump that put the stock on pace for its biggest trading day since the spin-off.Bank of America analyst Andrew Obin boosted GE Vernova’s price ...
Duke Energy Foundation provides $125,000 in grants to South Carolina nonprofits to prepare homes for energy efficiency upgrades
Prnewswire· 2025-12-09 15:00
Core Insights - Duke Energy and Duke Energy Foundation are providing $125,000 in microgrants to South Carolina nonprofits to support programs that enable households to qualify for energy efficiency improvements and long-term cost savings [1][6]. Funding Allocation - Nonprofit organizations that assist income-challenged households in participating in energy efficiency and weatherization initiatives can apply for grants up to $20,000 [3][6]. Importance of the Initiative - Many homes in South Carolina face pre-existing health and safety issues, such as roof leaks and electrical hazards, which prevent them from benefiting from weatherization programs [2][4]. Additional Programs - Duke Energy Progress launched a pilot program in 2024 offering free energy improvements to qualifying households based on income and energy use, and in 2025, the company increased incentives and eligibility for various energy efficiency and demand response programs [4][9]. Philanthropic Commitment - The Duke Energy Foundation provides over $30 million annually in philanthropic support to meet community needs where Duke Energy customers live and work [5]. Community Impact - Several nonprofit organizations, including Habitat for Humanity, received grants to fund critical home repairs for income-challenged households, enhancing their ability to participate in energy efficiency programs [7][8].
Nexans – Recent Rumors regarding Great Sea Interconnector project
Globenewswire· 2025-12-09 14:56
Nexans – Recent Rumors regarding Great Sea Interconnector project Paris, December 9th , 2025 Today’s Rumors Regarding Great Sea Interconnector Project In response to recent Cypriot local media reporting regarding the Great Sea Interconnector project, Nexans reiterates that it continues to execute the project in accordance with its contractual obligations, and in line with the milestones defined with the customer. Such milestones, in projects of similar nature and magnitude, may be adjusted from time to tim ...
EIB approves $408m loan to ZSE for Slovakia’s electricity networks
Yahoo Finance· 2025-12-08 09:45
Core Insights - The European Investment Bank (EIB) has approved a €350 million ($408.08 million) loan to Západoslovenská energetika (ZSE) Group for modernizing Slovakia's electricity distribution networks [1][2] - This loan represents the largest corporate loan signed by EIB in Slovakia, aimed at enhancing the reliability and quality of electricity supply [2] - The modernization efforts will support Slovakia's National Energy and Climate Plan and align with EU energy and climate goals, including the European Green Deal [5] Investment Details - The loan will fund upgrades to high-, medium-, and low-voltage overhead lines and underground cables, modernize transformers and substations, and deploy smart technologies [1][4] - A significant portion of the loan will be allocated to specific regions in Slovakia to promote balanced social and territorial development [4][5] - The investment is expected to facilitate the integration of low-carbon generation and e-mobility, addressing rising electricity demand [6] Economic Impact - The modernization of distribution networks is anticipated to strengthen the Slovak economy and enhance its resilience to modern challenges, including increased electrification [3][6] - The project aims to create foundations for sustainable growth, job creation, and energy independence in Slovakia [4][5] - ZSE Group's CEO highlighted that the loan will enable continued high investment levels, which have nearly doubled since 2022, to build a smarter and more resilient grid [6][7]
4% Bitcoin Allocation Is Becoming Standard (Here's Why)
Bitcoin Bram· 2025-12-06 14:00
All right, everyone. Welcome to the broadcast part 19 where um Bitcoin culture meets business and finance. We catch up on news, tweets, videos, charts, trends, and any other Bitcoin related content that stood out to us in the past two weeks. And I do that together with Michael and Brian. Welcome back, guys. >> Good to be back. How you doing? >> Good. I mean, before we uh started recording, you said '9s the '9s feel good, right? I feel like >> better than the 80s is how I phrase it, >> right? Yeah. Well, I I ...
Eramet (OTCPK:ERMA.F) Earnings Call Presentation
2025-12-04 13:30
Paulo CASTELLARI, CEO Abel MARTINS-ALEXANDRE, CFO 4 th December, 2025 Disclaimer Certain information contained in this presentation including any information on Eramet's plans or future financial or operating performance and any other statements that express management's expectations or estimates of future performance, constitute forward-looking statements. Such statements are based on a number of estimates and assumptions that, while considered reasonable by management at the time, are subject to significa ...
Plug Power Signs Letter of Intent with Hy2gen for 5MW PEM Electrolyzer Supporting France’s Hydrogen Roadmap at Sunrhyse Green Hydrogen Project
Globenewswire· 2025-12-04 12:00
Core Viewpoint - Plug Power Inc. has signed a letter of intent with Hy2gen for a 5MW PEM electrolyzer to be installed at the Sunrhyse hydrogen production project in France, marking a significant step in advancing hydrogen solutions in the region [1][2]. Group 1: Partnership and Collaboration - The LOI establishes a foundation for collaboration between Plug Power and Hy2gen to enhance hydrogen use in southern France, with Plug supporting the transport and distribution of hydrogen produced at Sunrhyse [2][4]. - This partnership builds on existing collaborations in Europe and North America, including Hy2gen's Project Courant in Québec, which aims for a Final Investment Decision before 2027 [3][4]. Group 2: Strategic Importance - The expansion of RFNBO-certified hydrogen production in France is a key component of Plug's European growth strategy, supporting local hydrogen ecosystems for logistics, transport, and industrial users [4][9]. - The Sunrhyse project is seen as a major milestone in France's hydrogen transition, demonstrating the potential for renewable hydrogen to scale quickly and support sustainable growth [4][9]. Group 3: Company Overview - Plug Power is a leader in the hydrogen economy, providing a fully integrated ecosystem that includes production, storage, delivery, and power generation [5][6]. - The company has deployed over 72,000 fuel cell systems and 285 fueling stations globally, with operational hydrogen plants in Georgia, Tennessee, and Louisiana, capable of producing 40 tons of hydrogen per day [6].
PyroGenesis Signs $1.3 Million Energy Transition Contract
Globenewswire· 2025-12-03 12:00
Advances electrification of calcination furnaces in the cement industry using plasma torch technologyMONTREAL, Dec. 03, 2025 (GLOBE NEWSWIRE) -- PyroGenesis Inc. (“PyroGenesis”) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY1), the leader in ultra-high temperature processes and engineering innovation, and a plasma-based technology provider to heavy industry & defense, announces that it has signed a EUR815,000 (CAD$1,324,000) contract with a European cement industry customer for the supply of a plasma torch system for ...