Author: Business Enquirer
Saudi Aramco has entered into an agreement to acquire a 25% equity stake in Unioil Petroleum Philippines, aiming to expand its downstream operations and retail network in the Philippines. Saudi Aramco has announced an agreement to acquire a 25% equity stake in Unioil Petroleum Philippines, a significant move to enhance its downstream operations and retail presence in the Philippines. The financial details of the transaction have not been disclosed. Strategic Expansion into the Philippine Market Established in 1966, Unioil Petroleum Philippines operates a network of 165 retail stations and four storage terminals across the Philippines. The company offers a range…
In a recent op-ed, Texas Railroad Commissioner Wayne Christian calls for the elimination of government subsidies across all energy sectors, arguing that market forces should determine energy viability without taxpayer-funded support. In a recent op-ed published on February 25, 2025, Texas Railroad Commissioner Wayne Christian expressed strong opposition to government subsidies for energy production, advocating for a free-market approach where energy technologies must stand on their own merit without taxpayer-funded support. Christian’s stance challenges the prevailing practice of subsidizing various energy sectors, including both traditional fossil fuels and renewable energy sources. Critique of Subsidies Across Energy Sectors Christian’s critique extends…
Firmus Energy, a leading gas supplier in Northern Ireland with 110,000 domestic customers, has been sold to the Irish company Yuno Group. This acquisition marks a significant development in the region’s energy sector. Firmus Energy, a prominent gas supplier in Northern Ireland serving approximately 110,000 domestic customers, has been acquired by the Irish company Yuno Group. This strategic acquisition is poised to impact the energy landscape in Northern Ireland, potentially leading to enhanced services and competition in the market. Details of the Acquisition Yuno Group, an Irish energy company, has completed the purchase of Firmus Energy, marking a significant expansion…
Equinor and Shell have announced plans to merge their UK offshore oil and gas assets, forming a new company poised to become the UK’s largest independent producer. This strategic move aims to enhance domestic energy security and extend the lifespan of existing North Sea resources. In a significant development for the UK’s energy sector, Equinor UK Ltd and Shell UK Limited have revealed plans to combine their UK offshore oil and gas assets into a new company. This joint venture is set to become the UK’s largest independent oil and gas producer, with the goal of sustaining domestic production and…
In a historic shift within the UK’s energy sector, Octopus Energy has overtaken British Gas, securing the largest market share in domestic energy supply. This milestone marks the first change in market leadership since the 1990s’ energy market liberalisation. In a significant transformation of the UK’s energy landscape, Octopus Energy has emerged as the nation’s leading domestic energy supplier, surpassing the long-standing dominance of British Gas. This development, reported by Cornwall Insight, indicates that Octopus now holds a 23.7% share of the domestic energy market, slightly ahead of British Gas’s 23.1% share. This marks the first time since the energy…
Anglo Asian Mining anticipates a significant increase in copper output for 2025, projecting production between 6,500 and 6,800 tonnes, a substantial rise from 377 tonnes in 2024. This growth is driven by the full-scale operation of the Gilar mine and potential contributions from the Demirli mine, positioning the company for a milestone year. Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) is poised for a transformative year in 2025, forecasting a remarkable surge in copper production. The company projects copper output to reach between 6,500 and 6,800 tonnes, a significant leap from the 377 tonnes produced in 2024. This anticipated growth is…
Earth AI, a pioneering mineral exploration company, is revolutionizing the mining industry by utilizing artificial intelligence to rapidly identify and develop critical metal deposits essential for the clean energy transition. With a recent $20 million Series B funding round, the company aims to expand its operations and meet the growing global demand for sustainable energy resources. As the global shift towards clean energy intensifies, the demand for critical metals such as lithium, cobalt, nickel, and rare earth elements has surged. These metals are indispensable components in technologies like electric vehicles, solar panels, and wind turbines. Traditional methods of mineral exploration,…
In a landmark decision, the United States and Ukraine have reached a critical minerals agreement granting the U.S. significant access to Ukraine’s vast mineral resources. This pact aims to bolster Ukraine’s post-war reconstruction and repay U.S. military aid, while also addressing global supply chain vulnerabilities in critical minerals. In a significant geopolitical development, the United States and Ukraine have finalized an agreement granting the U.S. substantial access to Ukraine’s extensive mineral resources. This accord, set to be signed during Ukrainian President Volodymyr Zelenskyy’s upcoming visit to Washington, D.C., represents a strategic move to enhance Ukraine’s post-war reconstruction efforts and address…
Dassault Systèmes has partnered with Apple to integrate Apple Vision Pro into its 3DEXPERIENCE platform, introducing the “3DLive” app. This collaboration aims to transform product design and manufacturing by enabling immersive, real-time 3D visualization and collaboration. In a groundbreaking partnership, Dassault Systèmes and Apple have joined forces to integrate Apple Vision Pro into Dassault Systèmes’ 3DEXPERIENCE platform. This collaboration is set to redefine the landscape of product design and manufacturing by introducing immersive spatial computing capabilities. Central to this initiative is the forthcoming “3DLive” app, slated for release in the summer of 2025, which will enable engineers and designers to…
Advanced Micro Devices (AMD) has reported a significant milestone, with its data center revenue exceeding $4 billion in the latest quarter. This growth is driven by increased demand for AI accelerators and strategic partnerships, positioning AMD as a formidable competitor in the AI chip industry. Advanced Micro Devices (AMD) has achieved a remarkable milestone, with its data center revenue surpassing $4 billion in the most recent quarter. This surge is largely attributed to the escalating demand for AI accelerators and strategic collaborations with major technology firms, solidifying AMD’s position as a formidable contender in the AI chip market. Robust Growth…