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New Fortress Energy Receives Approval for Milestone Agreement for Long-Term Gas Supply with Puerto Rican Government
Businesswire· 2025-12-04 21:30
New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the world's transition to reliable, affordable, and clean energy. The Company owns and operates natural gas and liquefied natural gas (LNG) infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the Company's assets and operations reinforce global energy security, enable economic growth, en ...
Black Stone Minerals and Caturus Energy Announce New Development Agreement in the Shelby Trough
Businesswire· 2025-12-03 00:04
Dec 2, 2025 7:04 PM Eastern Standard Time HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone,†"BSM,†or "the Partnership†) announced today it has entered into a 220,000 gross acre development agreement with an affiliate of Caturus Energy, LLC ("Caturus†) within the Shelby Trough and Haynesville Expansion. The agreement creates a multi-year drilling program designed to advance development of BSM's acreage under Caturus' operating expertise while supporting the growing demand ...
SLB Announces Dates for Fourth-Quarter and Full-Year 2025 Results Conference Call
Businesswire· 2025-12-02 18:00
Dec 2, 2025 1:00 PM Eastern Standard Time The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time. To access the conference call, listeners should contact the Conference Call Operator at +1 (833) 470-1428 within North America or +1 (646) 844-6383 outside of North America approximately 10 minutes prior to the start of the call and the access code is 122785. A webcast of the conference call will be broadcast simul ...
TotalEnergies, TES, Osaka Gas, Toho Gas and ITOCHU Partner Up to Develop the Live Oak Project for e-NG Production in Nebraska
Businesswire· 2025-12-02 09:50
Core Insights - TotalEnergies, TES, Osaka Gas, Toho Gas, and ITOCHU have formed a partnership to develop the Live Oak project for electric natural gas (e-NG) production in Nebraska, with Japanese companies holding a combined 33.3% stake in the project [1][14] - The project aims for a capacity of approximately 250 MW of electrolysis and 75 ktpa of methanation, with commercial operations expected to start by 2030 [2][3] Company Summaries - **TotalEnergies**: A global integrated energy company focused on producing and marketing various energy sources, including oil, natural gas, and renewables, with a commitment to sustainability [5][13] - **TES**: A green energy company developing large-scale projects to accelerate the energy transition, with ongoing e-NG projects in the US, Canada, and Europe [6] - **Osaka Gas**: Part of the Daigas Group, dedicated to achieving a carbon-neutral future by integrating e-methane into its gas grid by 2030 [7][8] - **Toho Gas**: Aims for a carbon-neutral supply chain by 2050, focusing on low-carbon energy sources like e-methane and biogas [9] - **ITOCHU**: Engaged in trading and investment, promoting e-NG as part of its commitment to sustainable development goals [10] Project Details - The Live Oak project will utilize Nebraska's biogenic CO2 resources and the increasing renewable power generation capacity in the US [3] - The project is aligned with Japan's goal of injecting 1% carbon-neutral gas into the gas grid by 2030, with Osaka Gas and Toho Gas as primary offtakers [2][4]
Gold Reserve Provides Update in CITGO Sale Process: Multiple Parties Appeal Final Sale Order
Businesswire· 2025-12-02 01:15
Dec 1, 2025 8:15 PM Eastern Standard Time Notices of appeal also were filed by the Venezuela Parties (the Opposition government of the Bolivarian Republic of Venezuela, Petróleos de Venezuela, S.A., PDV Holding, Inc., and CITGO Petroleum Corporation). The Venezuela Parties also filed with the appeals court a motion to stay the final sale order pending the outcome of the appeals. A copy of the filings can be found here. A complete description of the Delaware sale proceedings can be found on the Public Access ...
Valvoline Inc. Announces Closing of Acquisition of Breeze Autocare
Businesswire· 2025-12-01 21:30
Core Viewpoint - Valvoline Inc. has successfully completed the acquisition of Breeze Autocare, which is expected to enhance its growth by expanding its store network and customer reach in the preventive automotive maintenance sector [1][2]. Company Overview - Valvoline Inc. operates over 2,300 service centers across the U.S. and Canada, providing more than 30 million services annually, including quick oil changes and various maintenance services [3]. - The company employs approximately 13,000 team members focused on driving business potential and sustainable growth [3]. Acquisition Details - The acquisition of Breeze Autocare was finalized under a purchase agreement dated February 17, 2025, and is seen as a strategic move to reinforce Valvoline's position in the market [1][2]. - Breeze Autocare's integration is anticipated to enhance service quality and expand Valvoline's offerings across the U.S. and Canada [2].
Kodiak Gas Services Announces Pricing of Offering of Common Stock by Selling Stockholder
Businesswire· 2025-12-01 14:20
Core Viewpoint - Kodiak Gas Services, Inc. has announced the pricing of an underwritten offering of 9,762,573 shares of its common stock at a price of $34.60 per share, with no proceeds going to the company itself [1][7]. Offering Details - The offering is being conducted by Frontier TopCo Partnership, L.P., an affiliate of EQT Infrastructure III and EQT Infrastructure IV [1][7]. - Goldman Sachs & Co. LLC is acting as the sole underwriter for the offering [2]. - The offering is expected to close on December 2, 2025, subject to customary closing conditions [1]. Company Overview - Kodiak is a leading provider of contract compression services in the United States, playing a crucial role in the infrastructure for the production and transportation of natural gas and oil [4]. - The company is headquartered in The Woodlands, Texas, and serves oil and gas producers as well as midstream customers [4].
Exploration: TotalEnergies Strengthens its Global Collaboration with Chevron
Businesswire· 2025-12-01 08:05
Dec 1, 2025 3:05 AM Eastern Standard Time About TotalEnergiesTotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to providing as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and ...
Nigeria: TotalEnergies Completes the Divestment of its Non-Operated Interest in the Bonga Field
Businesswire· 2025-11-25 08:13
Core Insights - TotalEnergies has completed the divestment of its 12.5% non-operated interest in the Bonga Field to Shell Nigeria and Nigerian Agip for a total of USD 510 million [1] Company Overview - TotalEnergies has been operating in Nigeria for over 60 years, employing more than 1,800 people across various business segments [2] - The company produced 209,000 barrels of oil equivalent per day (boe/d) in Nigeria in 2024, making it a significant contributor to TotalEnergies' hydrocarbon production [2] - TotalEnergies operates around 540 service stations in Nigeria and is committed to socio-economic development in the region [2] TotalEnergies Global Presence - TotalEnergies is a global integrated energy company involved in the production and marketing of oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity [3] - The company employs over 100,000 people and operates in approximately 120 countries, with a focus on sustainability in its strategy and operations [3]
GeoPark Announces 2P Reserve Replacement of 430%
Businesswire· 2025-11-24 22:00
Core Insights - GeoPark Limited announced a significant increase in its oil and gas reserves, with a 2P Reserve Replacement Ratio of 430% and a 2P Reserve Life Index of 12.7 years [1][3][11] - The company's 2P value per share, adjusted for net debt, is reported at $15.8, reflecting strong financial health [1][11] - The 2P finding, development, and acquisition cost is noted at $4.3 per barrel of oil equivalent (boe), indicating efficient capital allocation [1][6] Reserve Growth and Portfolio Optimization - Total 2P reserves increased by 38% year-over-year, primarily due to the addition of 36.7 million barrels of oil equivalent (mmboe) from Argentina [3] - The strategic acquisition of unconventional oil blocks in Vaca Muerta has transformed GeoPark's reserves profile, now accounting for 30% of total 2025 reserves [3][4] - Certified 1P reserves stand at 69 mmboe, while 2P reserves total 121 mmboe, marking the highest levels since 2022 [3][11] Operational Developments - GeoPark has implemented a strategic optimization plan for the Loma Jarillosa Este Block, currently producing 1,860 barrels of oil equivalent per day (boepd) [4] - The company is advancing its Vaca Muerta development plan with a new drilling program scheduled for the second half of 2026, aiming for a production target of 20,000 boepd by 2028 [4] Regional Performance - In Colombia, 2P reserves increased by approximately 2.6 mmboe, driven by technical revisions and new discoveries in various fields [5] - The Llanos 34 Block continues to contribute significantly to GeoPark's certified reserves through various recovery optimization initiatives [5] Financial Metrics - The net present value (NPV) of 2P reserves after tax is estimated at $1.3 billion, showcasing the company's strong asset value [11] - The 2025 Reserve Life Index for 1P, 2P, and 3P reserves are reported at 7.2 years, 12.7 years, and 18.1 years respectively, indicating a robust reserve base [11]