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SGBX Subsidiary Olenox to Implement AI Algorithm to Streamline Wellsite Production and Operator Input
Globenewswire· 2025-10-16 20:59
Core Insights - Safe & Green Holdings Corp. and its subsidiary Olenox Corp. have completed Phase 1 of an intelligent wellsite monitoring system aimed at optimizing operations through real-time monitoring and control [1][2] - The AI-powered system utilizes a proprietary algorithm to analyze water-cut percentages, enhancing production efficiency and sustainability [2] - Phase 2 will implement the system on one of Olenox's production pads and introduce a real-time performance dashboard for shareholders [3] Company Overview - Olenox Corp. operates as a vertically integrated energy company across three divisions: Oil and Gas, Energy Services, and Energy Technologies, focusing on optimizing underdeveloped assets in Texas, Kansas, and Oklahoma [4] - The company aims to drive efficiency and unlock value throughout the energy lifecycle, positioning itself to capture opportunities often overlooked by traditional operators [4] Technology and Innovation - The intelligent wellsite monitoring system is based on the Machfu gateway technology, which reduces lifting costs, site visits, and energy consumption [1] - Machfu's Industrial IoT Service provides longer-range connectivity and is designed to cut operating costs by 50 percent, supporting compliance with regulations and ESG goals [5]
Vitesse Energy Announces Third Quarter 2025 Earnings Release Date and Conference Call
Businesswire· 2025-10-16 20:06
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Vitesse Energy, Inc. (NYSE: VTS) ("Vitesse†or the "Company†) today announced that it plans to issue its third quarter 2025 financial and operating results on Monday, November 3, 2025, after market close. Additionally, the Company will host a conference call on Tuesday, November 4, 2025, at 11:00 a.m. Eastern Time. Those wishing to listen to the conference call may do so via phone or the Company's webcast. Conference Call and Webcast Details: Date: Nov. ...
Crude Prices Tumble on Reduced Supply Fears
Yahoo Finance· 2025-10-16 19:21
November WTI crude oil (CLX25) on Thursday closed down -0.81 (-1.39%), and November RBOB gasoline (RBX25) closed down -0.0227 (-1.24%). Crude oil and gasoline prices gave up an early advance today and retreated, with crude sliding to a 5.25-month low and gasoline sinking to a 4.5-year nearest-futures low. Crude prices tumbled on Thursday after the weekly EIA report showed that crude inventories unexpectedly increased and US crude production rose to a record high. Losses in crude accelerated Thursday aft ...
Oil Prices Drop to the Lowest Level in Nearly Five Years
WSJ· 2025-10-16 19:17
A glut of crude has pushed U.S. oil futures 19% lower over the past year. ...
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Lows As Crude Inventories Rise By 3.5 Million Barrels
FX Empire· 2025-10-16 18:35
EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...
Is ExxonMobil's Upstream Profit Engine Still Running Strong?
ZACKS· 2025-10-16 17:55
Core Insights - Exxon Mobil Corporation (XOM) relies heavily on its upstream business segment for earnings, making commodity pricing critical for financial performance [1][8] - The current West Texas Intermediate (WTI) spot price is below $60 per barrel, raising questions about the profitability of XOM's upstream operations in this pricing environment [1] Production and Cost Management - Over 50% of XOM's oil and gas production comes from high-return, advantaged assets, including those in Guyana and the Permian Basin, with a target to increase this share to nearly 60% by 2030 [2] - These advantaged assets have low breakeven costs, enabling XOM to sustain profits even during low oil prices, with a goal to reduce breakeven costs to $30 per barrel by 2030 [2][3] - The company is focused on structural cost savings to enhance earnings resilience amid volatile pricing [2][3] Competitive Positioning - ConocoPhillips (COP) and EOG Resources, Inc. (EOG) are also positioned to thrive during low oil price periods due to their high-quality asset bases [4] - COP has a break-even cost as low as $40 per barrel WTI, allowing it to maintain financial performance even with significant crude oil price declines [5] - EOG maintains a resilient balance sheet and focuses on lowering production costs, which positions it well against oil price volatility [6] Market Performance and Valuation - XOM shares have decreased by 7.4% over the past year, compared to a 4.3% decline in the broader industry [7] - XOM's trailing 12-month enterprise value to EBITDA (EV/EBITDA) is 7.17X, higher than the industry average of 4.40X [11]
Equinor ASA (EQNR) Reimagining Industry Collaboration: Challenges and Opportunities Discussed at Global Supplier Day Transcript
Seeking Alpha· 2025-10-16 16:56
PresentationMy name is [ Tom Maeston ]. Together, we will be your moderators for today. Every year on Supplier Day, Equinor welcome suppliers and interested stakeholders to gather and discuss relevant topics in the industry. This is for existing suppliers and for future suppliers. Today, we are streaming live from Offshore Technology Days in Stavanger, which means we have people attending also virtually. However, before we proceed, some practicalities for those present at this venue.Juliet Tibaijuka In an e ...
Crude Prices Slip as Weekly EIA Crude Inventories Unexpectedly Climb
Yahoo Finance· 2025-10-16 16:37
November WTI crude oil (CLX25) today is down -0.06 (-0.10%), and November RBOB gasoline (RBX25) is down -0.0084 (-0.46%). Crude oil and gasoline prices gave up an early advance today and turned lower after weekly EIA crude inventories unexpectedly increased and US crude production rose to a record high. Crude prices initially moved higher today due to a weaker dollar, following a decline in the dollar index (DXY00) to a one-week low. Also, today's actions by the UK to curb Russian crude exports are sup ...
Exxon Mobil: Prepare For A Cold Winter (NYSE:XOM)
Seeking Alpha· 2025-10-16 14:59
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Energy Transfer: Bottom-Fishing The Midstream Sector
Seeking Alpha· 2025-10-16 14:11
Group 1 - The Daily Drilling Report is an investment group focused on providing analysis for the oil and gas industry, featuring a model portfolio that encompasses all segments of upstream oilfield activity with weekly updates [1] - The group offers investment ideas for both U.S. and international energy companies, covering a range from shale to deepwater drillers [1] - Technical analysis is utilized to identify catalysts within the oil and gas sector [1] Group 2 - Fluidsdoc is an experienced professional in the oil industry with 40 years of experience across six continents and over twenty countries, specializing in the upstream oilpatch [2]