The year 2025 was one of the most prolific in recent history for Norwegian offshore exploration, according to the Norwegian Offshore Directorate's annual review. The year saw the second-highest exploration levels in a decade, with 2021 being the only year to surpass it. Several notable discoveries, facilitated by advanced technology, contributed to this success, and included the drilling of more than 10km of wellbores. Despite these achievements, the Directorate emphasised the need for sustained explor ...

Core Insights - California Resources Corporation (CRC) is diversifying its revenue streams by expanding into carbon capture and power-related projects, supported by favorable state policies and a growing project pipeline that enhances its outlook through 2026 [1][11] Carbon Capture and Storage (CCS) Developments - CRC's Carbon TerraVault is progressing with seven Class VI storage permits, aiming for initial CO2 injection and commercial cash flows by early 2026, reflecting a supportive regulatory environment and increasing local demand for carbon solutions [2][11] - The partnership with Capital Power aims to capture and store up to 3 million metric tons of CO2 annually from the La Paloma natural gas plant, highlighting the industrial demand for large-scale decarbonization in California [4][5] Policy Support and Regulatory Environment - California's improved oil and gas permitting, CO2 pipeline approvals, and the extension of the Cap-and-Invest program to 2045 facilitate CRC's project advancements and shorten development timelines as it approaches 2026 [3][11] - The execution of state and federal approvals remains critical, with several storage permits and partnership agreements pending, which could impact project timelines and cash flow clarity [8][9] Revenue Diversification and Financial Position - CRC is focusing on building sustainable cash flow sources beyond traditional upstream operations, with carbon capture and power partnerships expected to provide more stable, fee-based income less affected by commodity price fluctuations [6][7] - The company's solid financial position, characterized by strong liquidity and effective hedging, supports its integrated energy and carbon management strategy [7] ESG and Emissions Management - CRC has received a MiQ "Grade A" methane certification in the Ventura Basin, reinforcing its commitment to emissions management and transparency, which is crucial for attracting carbon capture partnerships [12][13] Investment Outlook - The current Zacks Rank 4 (Sell) indicates a need for patience as regulatory processes and project de-risking progress into 2026, while CRC's VGM Score of B suggests longer-term investment appeal as CCS and power cash flows develop [14][16]

Core Insights - Technip Energies has been awarded a detailed engineering contract for PTTEP's Arthit Carbon Capture and Storage (CCS) project in the Gulf of Thailand, marking a significant step in the adoption of CCS technology in the region [1][4] Company Overview - Technip Energies is a global technology and engineering powerhouse with expertise in LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management, contributing to critical markets such as energy and decarbonization [5] - The company generated revenues of €6.9 billion in 2024 and is listed on Euronext Paris [6] Project Details - The Arthit CCS Project, led by PTTEP, aims to reduce greenhouse gas emissions and is recognized under Thailand's Nationally Determined Contribution (NDC) Action Plan on Mitigation 2021–2030 [2] - The project will utilize existing infrastructure at the Arthit field while constructing new facilities, with a target operational capacity of approximately 1 million tonnes of CO2 per year [2] Engineering Scope - Technip Energies' responsibilities include detailed engineering for new CCS processing units and CO2 injection facilities, along with modifications to the existing Arthit Central Processing Platform [3] - This contract follows Technip Energies' successful completion of the Pre-FEED and FEED phases of the project between 2022 and 2023 [3]

Core Insights - First Atlantic Nickel Corp. has entered into agreements to acquire a 100% interest in 18 mineral licenses covering 500 mineral claims within the Bay of Islands Ophiolite Complex, branded as the "Ophiolite-X" project, which has multi-commodity potential including hydrogen, carbon capture, and various minerals [1][39] Geological and Resource Potential - The Bay of Islands Ophiolite Complex (BOIC) is recognized for its well-preserved ophiolite sequences, with significant geological features that support natural hydrogen generation and carbon capture [2][30] - A study indicates that the BOIC has a theoretical CO₂ storage capacity of 5.1 × 10 billion tonnes, equivalent to over 13 years of global CO₂ emissions based on 2022 data [5][23] - The presence of brucite, formed during serpentinization, is highlighted as the most efficient mineral for CO₂ capture, requiring only approximately 2.5 tonnes of mineral to sequester 1 tonne of CO₂ [5][21] Hydrogen Generation and Exploration - Active serpentinization within the BOIC produces dissolved hydrogen in ultrabasic springs, with conditions conducive to ongoing natural hydrogen production [3][12] - The BOIC is identified as a key area for geological hydrogen exploration, with documented occurrences of strongly alkaline and highly reducing water sources containing dissolved hydrogen [3][30] - Historical chromite occurrences in the BOIC are associated with significant hydrogen discoveries, suggesting potential for economically useful accumulations of hydrogen gas [37][38] Strategic Agreements and Future Plans - The company has entered into three agreements to expand its mineral holdings, involving the issuance of common shares as consideration and subject to net smelter returns royalties [39][40] - The exploration programs will include systematic sampling to evaluate the occurrence and distribution of awaruite, which serves as both a potential nickel-iron resource and an indicator of hydrogen generation potential [29][44]

Third Quarter Earnings Presentation November 2025 Important notice 3 AI & data center growth: a new era of energy demand Natural gas widely embraced as the primary source of new scalable, dispatchable power 224 292 371 450 513 606 2025 2026 2027 2028 2029 2030 Projected U.S. data center energy consumption (TWh) (1) ~12% of total U.S. power demand in 2030 from data centers Data center developers are prioritizing: 24/7 reliability Rapid scalability Low LCOE Pathways to decarbonize Data center energy surge Nat ...

Core Insights - The Toronto Stock Exchange is hosting a panel on Carbon Capture and Storage Solutions as part of the inaugural Canada Climate Week Xchange (CCWX) to discuss financing and scaling these solutions for Canada's 2030 emission reduction goals [1][2]. Event Details - The panel titled "Carbon Capture And Storage Solutions: Financing And Scaling For Canada" will take place during CCWX 2025, scheduled from November 24 to November 30, 2025 [2]. - The event will be held in a hybrid format at the TMX Market Centre in Toronto, Ontario, starting at 1:00 PM EST on November 24, 2025 [5]. About CCWX - Canada Climate Week Xchange (CCWX) is a five-year initiative aimed at uniting Canadians to collaborate on climate-related challenges, encouraging participation from organizations and individuals [4].

RT Custom Content from WSJ (@WSJCustom)Paid Program with @Shell: A ship carrying liquefied carbon has made history in Norway—launching the world’s first cross-border CCS project and redefining what’s possible for heavy industry decarbonization.https://t.co/FsZ0pUw9si ...

Francisco Leon is the CEO of California Resources Corporation. Joins us now for a Power Lunch exclusive and I think is this your first ever CNBC interview. >> It is. It is.Thanks for having me. >> Well, I'm I'm glad you could do it. Thank you for coming on.This is interesting. Um before we get into sort of your company in general, 550 a gallon. I'm driving around here.I'm thinking, okay, there's a refinery going to be shut down, I think later this year. They're talking about shutting down a refinery across ...

Core Insights - California Resources Corporation is focusing on local oil production to address high gas prices and energy affordability in California, which pays about 40% higher prices than the rest of the US [3][5] - The company is committed to providing reliable, affordable, and clean energy, emphasizing the importance of oil in California's energy landscape [5][6] - California Resources Corporation has initiated a carbon capture and storage (CCS) project to decarbonize its operations and meet environmental standards [7][10] Company Strategy - The company aims to leverage its natural gas supply and existing power plant capacity to support the growing demand for clean energy, particularly from data centers [9][10] - California Resources Corporation is tailoring its services to assist carbon-intensive industries, such as cement production, in achieving net-zero emissions [11][12] - The company is positioning itself as a market solution provider, helping manufacturers and power plants reduce emissions while maintaining competitiveness [7][12] Market Context - California consumes approximately 9% of the oil in the US, highlighting the significant market potential for local production [3] - The exit of major companies like Chevron from California presents an opportunity for California Resources Corporation to strengthen its market position [4][5] - The company is optimistic about the future of the energy market in California, citing a population of 40 million that still relies on oil [5][6]

Financial Data and Key Metrics Changes - The company increased the midpoint of its 2025 adjusted EBITDA guidance range to $1.13 billion, an 18% increase from the prior year adjusted EBITDA guidance [5] - Adjusted EBITDA for the third quarter was $288 million, representing an $11 million increase from the prior quarter [11] - The distributable cash flow guidance range was raised to $800 to $830 million, a midpoint increase of $45 million due to lower maintenance capital, interest, and cash taxes [12] Business Line Data and Key Metrics Changes - The pipeline segment results were in line with the second quarter, while gathering segment results were $10 million higher than the second quarter, driven by higher volumes on the Haynesville system [11] - Total gathering volumes for the Haynesville averaged 2.04 Bcf per day, a 35% increase over the third quarter of 2024 [11] - The LEAP Phase 4 expansion increased capacity from 1.9 to 2.1 Bcf per day, providing access to Gulf Coast LNG markets [7] Market Data and Key Metrics Changes - The company noted robust gas and power demand growth throughout the region, particularly in Louisiana, driven by data center activity and LNG demand [6][10] - The Northeast volumes averaged 1.09 Bcf per day, with expectations for higher volumes in the fourth quarter [11][12] - The Haynesville system demonstrated record high throughput, indicating producers' ability to respond quickly to LNG demand signals [9] Company Strategy and Development Direction - The company is focused on executing its pure play natural gas pipeline strategy and is well-positioned with a strong balance sheet to fund incremental investments [15] - The Guardian G3+ expansion will increase the total capacity of the Guardian pipeline by approximately 537 million cubic feet per day, supported by long-term contracts with investment-grade utilities [6] - The company is pursuing upstream network opportunities to enhance flexibility and reliability for customers [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position within the natural gas market, citing a positive shift in Haynesville and strong demand growth [10] - The recent Senate confirmation of two new FERC members was viewed as an encouraging sign for the regulatory environment [10] - Management remains optimistic about the future opportunities, particularly in the LNG market and industrial demand growth [10][15] Other Important Information - The company announced a third-quarter dividend of $0.82 per share, unchanged from the prior quarter, with a commitment to grow the dividend by 5% to 7% per year [14] - The committed capital for the 2025 to 2029 period has increased to $1.6 billion, reflecting 70% of the $2.3 billion backlog advancing to execution [14] Q&A Session Summary Question: Potential for network to support gas-fired generation in Louisiana - Management noted robust demand growth in Louisiana, particularly from data centers and LNG demand, and expressed confidence in capturing market share [20] Question: Growth trajectory in Haynesville and LEAP expansions - Management highlighted significant development in western Haynesville and expected continued volume growth, with a focus on maintaining market share [21][22] Question: Upstream Chicago opportunities - Management discussed the potential for the Vector, Nexus, and Midwestern pipelines to bring in incremental supply to the Chicago market [24] Question: Dividend growth potential - Management indicated that strong growth could lead to higher dividend increases, with a focus on maintaining strong coverage ratios [61][65] Question: Millennium open season status - Management described the complexity of the Millennium project and emphasized the need for patience in the regulatory process [53] Question: Market share trends in Haynesville - Management expressed confidence in maintaining or growing market share due to strong connectivity and resource quality [132]