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Viridien announces new seismic reimaging program over block 22 offshore Angola to support upcoming licensing round
Globenewswire· 2025-12-10 06:30
Core Insights - Viridien has launched a multi-client seismic reimaging program over Angola's offshore block 22 to support the upcoming licensing round, covering an area of 4,300 sq km [1] - The new data set aims to provide insights into underexplored structures along the Atlantic Hinge zone, similar to the proven Cameia and Golfinho fields, with fast-track results expected in Q1 2026 and final products in Q3/Q4 2026 [1][2] - The reimaging will utilize advanced proprietary technologies, enhancing the existing 2,900 sq km data from nearby block 20/11, resulting in over 7,200 sq km of broadband PSDM data for regional play evaluation in the Kwanza Basin [2][3] Company Overview - Viridien is a technology-driven company focused on Earth data, aiming to provide innovative solutions for natural resources and energy transition challenges [4] - The company employs approximately 3,200 people globally and is listed on Euronext Paris SA under the ticker VIRI [4]
Ampol (OTCPK:CTXA.Y) Earnings Call Presentation
2025-12-09 23:00
AMPOL LIMITED ACN 004 201 307 29-33 BOURKE ROAD ALEXANDRIA NSW 2015 ASX Release For personal use only US Roadshow 2025 Presentation Wednesday 10 December 2025 (Sydney): Ampol Limited provides the attached presentation as circulated to US Investor Roadshow participants ahead of scheduled meetings between 15 – 18 December 2025. Authorised for release by: the Disclosure Officers of Ampol Limited INVESTOR CONTACT Fran van Reyk GM Investor Relations and Sustainability +61 419 871 138 frances.vanreyk@ampol.com.au ...
Private Equity Stocks Rally In Sync: Here's Why Something Big Is Brewing
Benzinga· 2025-12-09 20:03
A synchronized rally of private-equity titans unfolded on Tuesday as investors rushed into alternative-asset plays ahead of a widely expected Fed rate cut and after JPMorgan Asset Management unveiled a sweeping vision for a new era in private-market returns. • KKR shares are climbing with conviction. What’s driving KKR stock higher?Apollo Global Management Inc. (NYSE:APO) soared 6% to near three-month highs, on track for its strongest performing day since the US-China tariff truce announced on May 12. The m ...
EDF: Appointment of Béatrice Bigois to the EDF group Executive Committee
Globenewswire· 2025-12-09 17:00
Core Points - Béatrice Bigois has been appointed as Group Senior Executive Vice-President, Customers & Energy Services, effective January 1, 2026, succeeding Marc Benayoun, who will become an advisor to the Chairman and CEO of EDF [1][2] - Philipp Büssenschütt has been appointed as Chief Executive Officer of EDF Trading, succeeding Béatrice Bigois, who will continue in this role until the end of December 2025 [1][2] About Béatrice Bigois - Béatrice Bigois, aged 56, holds dual French and British citizenship and is a graduate of École Polytechnique and École nationale des Ponts et Chaussées [3] - She has extensive experience within EDF, having started her career in 1994 and held various roles including Financial Director of EDF Trading and Managing Director Customers at EDF Energy [4] About Philipp Büssenschütt - Philipp Büssenschütt, aged 55, is an Austrian citizen with a master's degree in mining engineering and is a Chartered Financial Analyst (CFA) [5] - He has been with EDF Trading since 2002, holding several senior roles and joining the EDF Trading Executive Committee in 2013 [6] About EDF - EDF Group is a key player in the energy transition, engaged in power generation, distribution, trading, energy sales, and services, with a focus on low-carbon energy [7] - The Group generated consolidated sales of €118.7 billion in 2024 and supplies energy and services to approximately 41.5 million customers [7]
Antero Resources Moves Ahead With Strategic HG Energy Acquisition
ZACKS· 2025-12-09 16:51
Core Insights - Antero Resources Corporation (AR) is acquiring upstream assets from HG Energy II, LLC for $2.8 billion, expected to close in Q2 2026 [1][2] - Antero Midstream Corporation (AM) will acquire HG Energy's midstream assets for $1.1 billion, enhancing its existing infrastructure [3][7] - Both companies are divesting their Ohio Utica Shale assets for $1.2 billion to optimize their portfolios [4][7] Antero Resources' Acquisition Details - The acquisition will add 850 million cubic feet equivalent per day (MMcfe/d) of expected production in 2026 and 385,000 net acres in West Virginia [2][7] - It is projected to extend Antero's inventory life by approximately five years and generate synergies of about $950 million over 10 years [2] - The deal is expected to lower cash costs by nearly $0.25 per Mcfe and enhance margins by $0.15-$0.20 per Mcfe, excluding synergies [2] Antero Midstream's Acquisition Details - The acquisition will add around 900 MMcf/d of expected throughput in 2026 and includes over 400 undeveloped Marcellus drilling locations [3] - The assets are capital effective and will strengthen Antero Midstream's footprint in the Marcellus shale [3] - The deal is anticipated to be immediately accretive to AM's free cash flow after dividends [3] Divestiture of Ohio Utica Shale Assets - Antero Resources and Antero Midstream are selling their Ohio Utica Shale assets for a total of $1.2 billion [4] - Infinity Natural Resources will acquire a 51% interest for $612 million, while Northern Oil and Gas will acquire a 49% stake for $588 million [4] Financing Strategy - The acquisition is supported by Antero's near-term free cash flow generation and proceeds from the divestiture of Ohio Utica assets [5] - The financing plan includes hedged free cash flows from the acquired assets over the next three years [5] Industry Context - Rising U.S. natural gas demand, driven by winter heating needs and strong LNG exports, enhances the benefits of the acquisition [8] - The deal is expected to improve Antero's competitive position and revenue visibility in the future [8]
TechnipFMC Wins Major Contract for Ithaca's Captain Field Upgrade
ZACKS· 2025-12-09 14:31
Core Insights - TechnipFMC plc has secured a significant contract from Ithaca Energy for the Captain field development in the U.K. North Sea, valued between $75 million and $250 million, reinforcing its role in mature-field redevelopment and enhanced oil recovery projects [1] Project Scope - The project involves the delivery of flexible risers, flowlines, and associated hardware, with TechnipFMC adopting an integrated approach to design, manufacture, and install these components, ensuring seamless execution and minimizing delays [2] Production Enhancement - The Captain field, located approximately 90 miles northeast of Aberdeen, Scotland, has been operational since 1997 and is undergoing continuous technology upgrades, with TechnipFMC playing a key role in the second phase of its enhanced oil recovery initiative in 2024 [3] Partnership Value - The long-term collaboration between TechnipFMC and Ithaca Energy has consistently delivered value, focusing on optimizing field layout and deploying efficient flexible riser systems to support Ithaca's development goals [4] Leadership in Subsea Technology - This contract highlights TechnipFMC's strategy of providing flexible pipe technology for mature assets, utilizing proprietary technologies and integrated subsea solutions to enhance project economics and support clients' energy transition goals [5] Broader Vision for Energy Development - TechnipFMC is committed to enabling efficient, lower-carbon energy development, with ongoing contributions to the U.K. North Sea demonstrating its technical leadership and support for regional production resilience and growth [7]
Eiffel Closes €1.2 Billion Fund to Accelerate Europe’s Energy Transition
Yahoo Finance· 2025-12-09 08:48
Eiffel Investment Group has completed fundraising for its latest energy-transition infrastructure debt vehicle, Eiffel Energy Transition III, hitting its €1.2 billion hard cap and surpassing an initial €1 billion target. The new fund marks the largest vintage in Eiffel’s energy-transition program and underscores accelerating capital demand for renewable energy across Europe. The strategy provides short-term, flexible debt to renewable developers, bridging a financing gap between costly equity and slower-m ...
ENGIE and NHOA Energy Expand Their Partnership in Belgium to Build a New 320 MWh Battery Energy Storage System
Businesswire· 2025-12-09 07:00
Core Insights - NHOA Energy has been awarded contracts by ENGIE for the Supply, Commissioning, and Long-Term Service of an 80 MW / 320 MWh Battery Energy Storage System (BESS) at ENGIE's Drogenbos power station near Brussels [1][2] - The Drogenbos BESS is ENGIE's third large-scale battery asset in Belgium, selected in the fifth Capacity Remuneration Mechanism (CRM) auction, with a 15-year contract starting in November 2027 [2][3] - The project aims to enhance grid stability and support the integration of renewable energy, providing essential flexibility services to the Belgian grid [2][5] Project Details - The Drogenbos BESS will consist of 88 battery containers capable of delivering up to 4 hours of discharge, meeting the average daily electricity demand of over 38,000 households [2] - Construction is set to begin in March 2026, with full commissioning expected by September 2027 [3] - A Long-Term Service Agreement will support the operation of the plant, ensuring high availability and optimized performance through continuous monitoring and data-driven maintenance [4] Strategic Importance - ENGIE emphasizes the importance of flexibility in its strategy for Belgium, alongside renewable energy and smart customer solutions, highlighting the role of battery storage in balancing supply and demand [5] - NHOA Energy aims to reinforce its position as a long-term partner in developing flexible and resilient power systems through this project [6]
Equinor Encounters Gas and Condensate Finds in the Norwegian North Sea
ZACKS· 2025-12-08 19:56
Core Insights - Equinor ASA has made two significant gas and condensate discoveries in the Sleipner area of the Norwegian North Sea, described as the largest discoveries of the year [1][9] - The discoveries were made in the Lofn and Langemann prospects, with Equinor holding a 60% working interest in the production license [1] Exploration and Resources - The two wildcat wells, 15/5-8 S and 15/5-8 A, were drilled using the Deepsea Atlantic semi-submersible rig and may contain approximately 5-18 million standard cubic meters of recoverable oil equivalents [2][9] - The Norwegian Continental Shelf (NCS) is noted to be significantly underexplored, with substantial untapped energy resources that are essential for a reliable energy supply to Europe [2] Development and Environmental Impact - The discoveries are located near existing fields, allowing for potential development by connecting to nearby subsea facilities, which could expedite production timelines and reduce environmental impact due to low carbon dioxide emissions [3] - The gas and condensate were found in the Hugin formation, characterized by high-quality sandstones, and the wells have been permanently plugged and abandoned [4]
Copper Climbs to Record as China Policy, US Imports Spur Rally
Yahoo Finance· 2025-12-08 18:10
Group 1 - Copper prices reached an all-time high of $11,771 per ton, driven by China's focus on domestic growth and stockpiling in the US [1][2] - Analysts expect copper to benefit from supportive policies aimed at power-grid upgrades and computing power, indicating a bullish market outlook [2] - The demand for copper has surged over 30% this year on the London Metal Exchange, fueled by new requirements from data centers and electric vehicles, while supply remains tight due to mine outages [3] Group 2 - Concerns over potential tariffs from the US have led to increased stockpiling of copper, resulting in squeezed inventories and unprecedented premiums [4] - A projected shortfall of 450,000 tons of refined copper by 2026 is anticipated, necessitating prices to average above $12,000 per ton next year to attract investment in new mining capacity [5] - Copper settled at $11,635.50 per ton on the LME, with other metals, except zinc, experiencing declines [6]