Key Takeaways CVX is moving to sell its 50% stake in Singapore Refining Company, according to sources cited by Reuters.Chevron is streamlining operations to focus on higher-margin and less capital-intensive energy assets.Glencore and Eneos are among bidders weighing offers for the Singapore-based refinery stake.Chevron Corporation (CVX) , one of the largest oil and gas giants globally, is reportedly moving forward with the decision to sell its 50% stake in the Singapore Refining Company (“SRC”) as part of a ...

Core Viewpoint - Houston American Energy Corp. plans to change its name to Abundia Global Impact Group Inc. and its ticker symbol from HUSA to AGIG on NYSE American, reflecting its focus on sustainable fuels and energy transition technologies following the acquisition of Abundia Global Impact Group LLC [1][2]. Group 1: Company Strategy and Vision - The name change signifies the Company's long-term vision to build a scalable platform in circular fuels, sustainable feedstocks, and next-generation low-carbon energy solutions [2]. - The Company aims to advance technologies that convert waste plastics and renewable feedstocks into low-carbon fuels, chemical intermediates, and clean energy products, positioning itself in a rapidly growing segment of the global energy economy [2]. - The Abundia platform is expected to provide a strong foundation for long-term value creation, supported by the development of the Cedar Port Renewable Energy Complex and the integration of circular-fuels technologies [2]. Group 2: Recent Developments - In July 2025, Houston American Energy Corp. acquired Abundia Global Impact Group LLC, which specializes in converting waste plastics into low-carbon fuels and chemical feedstocks, reflecting a commitment to meeting global energy demands through a mix of traditional and alternative energy solutions [3]. - The strategic acquisition positions the Company to capitalize on emerging opportunities in sustainable fuels and energy transition technologies [3].

Core Viewpoint - Houston American Energy Corp. has entered into securities purchase agreements for the sale of 2,285,715 shares of common stock at $3.50 per share, raising approximately $8.0 million in gross proceeds [1][2]. Group 1: Financial Details - The offering is expected to close on or about November 21, 2025, subject to customary closing conditions [1]. - The net proceeds will be used to advance the development of a plastic recycling facility, for working capital, and to repay a convertible note [2]. - A.G.P./Alliance Global Partners is the sole placement agent for the offering, while Univest Securities, LLC serves as the financial advisor [3]. Group 2: Corporate Strategy - The company has recently restructured its debt with its largest strategic investor, transitioning a majority of its senior obligations into a more stable, long-term position [2]. - Houston American Energy Corp. is focused on expanding its portfolio in both conventional and renewable energy sectors, having acquired Abundia Global Impact Group, which specializes in converting waste plastics into low-carbon fuels [6]. - This acquisition aligns with the company's commitment to meet global energy demands through a mix of traditional and alternative energy solutions [6].