Jason Wear is chief investment officer at Albon Financial Group. He also is not going anywhere. Um I guess the question Jason is is Nvidia are you as a stockholder worried that 56% of their accounts receivable are three companies.>> Yeah, we're not worried at all because you know as Christina pointed out these are the companies with the most financial firepower and they continue to spend and that's what they tell us every quarter. They're hyperscalers. They're saying we're spending a ton of money.And to jus ...

Core Insights - BW Offshore reported strong operational performance in Q2 2025, with high uptime on producing assets and an increase in EBITDA expectations for the full year [3][9] - The FPSO BW Opal has commenced operations at the Barossa gas field, expected to contribute significantly to earnings and cash flow [2][3] - The company is strategically positioned for future energy demands, focusing on both energy security and the transition to renewable sources [4] Financial Performance - Q2 2025 EBITDA was USD 57 million, with a total of USD 148 million for the first half of the year [9] - Net profit for Q2 was USD 25 million, totaling USD 87 million for the first half [9] - Operating cash flow for Q2 reached USD 103 million, with a total of USD 160 million for the first half [9] - The company declared a quarterly cash dividend of USD 0.063 per share, amounting to USD 11 million [5][9] Contractual and Operational Updates - The firm backlog measured by expected operational cash flow is USD 2.2 billion, while the firm revenue backlog is USD 6.0 billion [6] - The FPSO BW Opal is on track to start producing gas in Q3 2025, aligning with its 15-year contract [2][9] - A recent strategy review indicates that the company will continue to refine its position in the FPSO value chain while preparing for future energy transitions [4]

Industry Transformation - China's state-owned oil majors are accelerating their energy transition [1] - Companies are shifting operations away from loss-making gasoline and diesel [1] - Companies are focusing on alternative fuels and fine chemicals [1]

Core Points - Vanguard Mining Corp. has successfully closed a non-brokered private placement of 2,933,267 flow-through units at a price of $0.15 per unit, resulting in gross proceeds of $439,990.05 [1] - Each flow-through unit consists of one common share and one-half of a common share purchase warrant, with the warrants exercisable at $0.22 for 18 months [1] - The proceeds from the offering will be used for exploration expenditures on resource claims in British Columbia, qualifying as "Canadian exploration expenses" [3] Company Insights - David Greenway, CEO of Vanguard, expressed optimism about the financing and the company's position to unlock significant value through its uranium and critical mineral projects [2] - The company is focused on the discovery and development of high-value strategic minerals, particularly uranium, in the U.S. and Paraguay [5] - Vanguard is committed to responsible exploration and aims to advance its highly prospective uranium properties [5]

Core Viewpoint - Abaxx Technologies Inc. is facilitating cross-border cooperation in the natural gas and energy sectors between China and Singapore, focusing on sustainability and innovation in energy markets [1][2][3]. Group 1: Company Overview - Abaxx Technologies is a financial software and market infrastructure company, and the majority shareholder of Abaxx Singapore Pte Ltd., which owns the Abaxx Commodity Exchange and Clearinghouse [1][6]. - The company aims to build Smarter Markets by providing better tools, benchmarks, and technology to address societal challenges, including the energy transition [5]. Group 2: Delegation and Discussions - A high-level delegation from the China City Gas Association (CCGA) visited Singapore to discuss opportunities for enhancing cooperation in the natural gas and energy sectors [1][2]. - The discussions included key issues related to sustainability and innovation in Asia's energy markets, emphasizing the importance of public-private partnerships [2][3]. Group 3: Energy Market Insights - The program highlighted the growing demand for cleaner energy solutions in Asia, particularly the adoption of carbon-neutral LNG and biogas integration [3][4]. - Abaxx Exchange's CEO noted the complexities of the energy transition and the need for efficient market signals to support sustainable decision-making [4]. Group 4: Strategic Importance of Singapore - Singapore is positioned as Asia's energy trading hub, attracting energy companies globally due to its talent, trade financing, and shipping services [4]. - The CCGA delegation recognized Singapore's strengths in LNG and financial markets as valuable for China's gas sector modernization [4].

Core Insights - Technip Energies, in partnership with JGC, has secured two significant Front-End Engineering Design (FEED) contracts for the INPEX Abadi LNG project, which is pivotal for Indonesia's energy sector [1][4] - The project aims to produce 9.5 million tons of LNG annually and provide an additional 150 million standard cubic feet per day of natural gas for domestic use, significantly contributing to Indonesia's energy goals and Japan's LNG imports [4] Group 1: Contract Details - The first contract involves the design of a gas Floating Production Storage and Offloading (FPSO) vessel, which will process gas before exporting it via subsea pipeline to the onshore LNG facility [2] - The second contract focuses on the onshore LNG facility, which includes the design of two LNG trains and supporting infrastructure such as a jetty and materials offloading facilities [3] Group 2: Strategic Importance - The Abadi LNG project incorporates carbon capture and storage (CCS) technology, aligning with Indonesia's target of achieving net-zero CO₂ emissions by 2060 [4] - The project is expected to play a crucial role in the global energy transition by providing low-carbon energy solutions, thereby supporting both local economic growth and sustainability efforts [4]

Core Insights - Shell plc is nearing a strategic breakthrough by securing development rights for Egypt's offshore Rahmat gas field, a significant untapped resource in the Eastern Mediterranean [1][9] - The Rahmat field is estimated to contain approximately 1.3 trillion cubic feet (TCF) of natural gas and 80 million barrels (MMbbl) of condensate, making it one of the region's most valuable undeveloped assets [2][10] - The opportunity arose after BP relinquished its concession to the field, allowing Shell to submit the highest bid in a recent international bidding round [3][10] Strategic Importance of the Rahmat Field - The Rahmat field's reserves rank it among the most valuable undeveloped assets in the northeastern Mediterranean, attracting interest from international energy companies [2][10] - The field's proximity to existing LNG infrastructure enhances its commercial viability and export potential to Europe and beyond [7][9] Egypt's Energy Strategy - Egypt's Ministry of Petroleum launched a tender process for seven undeveloped Mediterranean fields, including Rahmat, signaling a strategic pivot to unlock value from offshore and onshore reserves [4][5] - The development of the Rahmat field aligns with Egypt's goal to become a regional energy hub, particularly in liquefied natural gas (LNG) exports [5][10] Shell's Expansion in Egypt - If finalized, the Rahmat deal would significantly expand Shell's footprint in Egypt, reinforcing its long-standing relationship with the country [6][12] - Shell has a history of operating in Egypt's energy sector, focusing on onshore oil, offshore deepwater gas fields, and LNG export activities [6][12] Competitive Landscape and Future Outlook - Shell's reported success in the Rahmat bidding reflects a trend of international oil majors returning to Egypt, driven by favorable investment terms and increased demand for cleaner energy sources [10][11] - The outcome of this deal could lead to further investments in Egypt's Mediterranean gas development, highlighting the country's ability to attract top-tier international players [11][12]

Core Viewpoint - Consolidated Lithium Metals Inc. (CLM) has entered into a non-binding letter of intent (LOI) with SOQUEM Inc. to potentially acquire up to an 80% interest in the Kwyjibo Rare Earth Project, which is strategically important for rare earth supply chains in North America and Europe [1][9]. Proposed Transaction Summary - The Proposed Transaction consists of two phases: - **Phase I**: CLM can earn a 60% interest in the Project by making payments and issuing common shares totaling C$23.15 million within five years [2]. - **Phase II**: Following Phase I, CLM can earn an additional 20% interest for a total of 80% by making further payments or issuing shares totaling C$22.00 million within three years [3]. Financial Commitments - The financial commitments under the LOI include: - C$5.65 million in cash and C$5.50 million in common shares to SOQUEM, along with C$12.00 million invested in key stages of the Project's development [4]. - An additional C$4.50 million in cash and C$4.50 million in common shares, plus C$13.00 million for Project milestones such as feasibility studies and construction [5]. Project Development - Key stages of the Project's development include: - Negotiation of an impacts and benefits agreement with local Indigenous groups - Conducting a metallurgical study for environmental viability - Obtaining environmental permits - Initiating a 5,000-meter drilling campaign and a bankable feasibility study [4]. Project Characteristics - The Kwyjibo Rare Earth Project hosts an Iron Oxide Copper Gold (IOCG)-style mineral system with significant rare earth enrichment, particularly in neodymium, praseodymium, dysprosium, yttrium, and terbium [7]. - The Project is strategically located near established infrastructure, including the QNS&L rail line and the Port of Sept-Îles, and has access to Québec's hydroelectric power grid [7]. Management Commentary - The CEO of CLM highlighted the strategic importance of the LOI with SOQUEM, emphasizing the anticipated increase in demand for rare earth elements and the disciplined capital allocation approach for advancing the Project [9]. Exclusivity and Future Steps - SOQUEM has granted CLM a legally binding exclusivity period until October 31, 2025, during which CLM can negotiate the acquisition of the remaining 20% interest in the Project [5][6]. - The definitive agreement is expected to be negotiated and executed by the end of the exclusivity period [6].

积极应对全球气候变化，推动能源绿色转型已成为全球共识和大势所趋。为进一步展示光储行业创新成果，促进 光储行业国际交流合作，2025第八届中国国际光伏与储能产业大会定档11月17-20日。据大会组委会消息，澳洲智 慧能源理事会首席倡议官、澳大利亚环境与水务部原副部长David Mcelrea将出席大会，带来《Australia's Renewable Energy Policy:Lessons for Global Markets》主题演讲，以新观点、新理念推动全球光储行业高质量发 展。 2025第八 光伏与 与储前 组委会联系方式 ● 执行秘书长 白 灵 13075412493 028-86168823 ● 参展咨询 王丹宇 15982189731 028-61615302 陈德辉 18782983897 028-86168393 028-61615550 金先龙 18728023450 陈 谅 18111255251 028-61615306 王艺琳 15928022258 028-86168153 ● 参会咨询 刘 楠 18116621510 028-86168405 冯婷婷 13547809980 02 ...

Core Viewpoint - Hyundai Motor Group showcased its leadership in hydrogen innovation at the 16th Clean Energy Ministerial (CEM16), emphasizing the importance of hydrogen in the energy transition and industrial decarbonization [1][6]. Group's Hydrogen Business Strategy - The Group's Head of Energy & Hydrogen Business Division presented a comprehensive hydrogen business strategy, highlighting the necessity for public-private collaboration to accelerate the energy transition [2]. - The strategy focuses on hydrogen as an efficient energy carrier that enhances energy resilience and drives industrial innovation, leveraging nearly three decades of expertise in hydrogen [2]. High-Level Dialogues - During the 'High-Level Dialogue on Industry Decarbonization and Energy Efficiency,' the Group emphasized the advancement of low-carbon industries through international cooperation and the need for scalable public-private initiatives [2]. - In the 'High-Level Dialogue on Future Fuel,' the Group discussed advancing hydrogen as a key energy carrier, stressing the importance of infrastructure and upstream innovation, as well as the need for hydrogen certification and standardization frameworks [3]. Support for Ministerial Events - The Group provided a fleet of 32 all-new NEXO SUVs as official transport for ministerial-level officials at CEM16, marking the first time fuel cell electric vehicles (FCEVs) served as state vehicles at a major international event [4][6].