RRR

GeoPark Announces 2P Reserve Replacement of 110%

Retrieved on: 
Wednesday, February 21, 2024

All reserves included in this release refer to GeoPark working interest before royalties paid in kind, except when specified.

Key Points: 
  • All reserves included in this release refer to GeoPark working interest before royalties paid in kind, except when specified.
  • During 2023, GeoPark added 14.0 mmboe of net 2P reserves, which after producing 12.7 mmboe resulted in 2P reserves of 115.1 mmboe, representing a 110% 2P Reserve Replacement Ratio (RRR).
  • The improved recovery from the horizontal well drilling campaign and waterflooding projects in the Llanos 34 Block (GeoPark operated, 45% WI) also added 2P reserves.
  • D&M estimated future development capital required to develop 1P reserves at $126 million, and $310 million to develop 2P reserves.

Ecopetrol registered 1,883 million barrels of oil equivalent of Proven Reserves by year-end 2023

Retrieved on: 
Thursday, February 29, 2024

The ratio of reserves to production or average reserve life of the Ecopetrol Group is 7.6 years.

Key Points: 
  • The ratio of reserves to production or average reserve life of the Ecopetrol Group is 7.6 years.
  • At year-end 2023, the net proven reserves of the Ecopetrol Group amounted to 1,883 million barrels of oil equivalent, maintaining the average levels of the last 9 years.
  • In 2023, proven developed reserves grew around 4% compared to 2022, evidencing an improvement in the Company's execution capacity.
  • Ecopetrol Group Proven Reserves as of December 31, 2023
    Proven Reserves as of Dic 31, 2022

Equinor fourth quarter and full year 2023 results

Retrieved on: 
Wednesday, February 7, 2024

Equinor delivered strong production for the fourth quarter of 2,197 mboe per day, up from 2,046 in the same quarter of 2022, driving production growth for 2023 to 2.1%, above the updated guidance of 1.5%.

Key Points: 
  • Equinor delivered strong production for the fourth quarter of 2,197 mboe per day, up from 2,046 in the same quarter of 2022, driving production growth for 2023 to 2.1%, above the updated guidance of 1.5%.
  • Equinor delivered strong adjusted earnings* of USD 8.68 billion and USD 1.88 billion after tax in the fourth quarter.
  • In the fourth quarter, Equinor recognised net impairments of USD 328 million, mainly related to the announced sale of assets and exit from Azerbaijan.
  • Equinor paid two ordinary NCS tax instalments in the fourth quarter and an extra instalment in October, totalling at USD 7.9 billion.

Quebec-based aviation expert Aeromag positions itself in North America

Retrieved on: 
Wednesday, November 15, 2023

Aeromag and the Syracuse Regional Airport Authority (SRAA) officially presented this Quebec innovation today in the company of numerous guests and partners.

Key Points: 
  • Aeromag and the Syracuse Regional Airport Authority (SRAA) officially presented this Quebec innovation today in the company of numerous guests and partners.
  • We are fortunate to work with aviation enthusiasts and experts who push us to excel.
  • This facility will become the most advanced in North America, and will play a crucial role in conserving resources, reducing waste, and promoting a green economy.
  • We owe this technological breakthrough to our Quebec team," says Gabriel Lépine, Executive Vice President, Operations and Development.

#Greentech: MECAWARE secures €40m to become the leader in battery recycling and the production of strategic metals in France and Europe

Retrieved on: 
Friday, October 6, 2023

This funding will enable the industrialisation of the pilot scheme for the recycling of battery production scrap (Gigafactories Scrap - ScrapCO2MET project), which will be operational in 2025.

Key Points: 
  • This funding will enable the industrialisation of the pilot scheme for the recycling of battery production scrap (Gigafactories Scrap - ScrapCO2MET project), which will be operational in 2025.
  • To prepare for this development, MECAWARE is finalising the installation of its new Technical Centre on the outskirts of Lyon (Vénissieux).
  • MECAWARE is currently focusing on the recycling of end-of-life batteries and production scrap from battery-making factories.
  • Consequently, its economic and ecological value is particularly appealing: the MECAWARE eco²-efficiency adapts to feedstocks and to evolutions in battery technology.

#Greentech: MECAWARE secures €40m to become the leader in battery recycling and the production of strategic metals in France and Europe

Retrieved on: 
Friday, October 6, 2023

This funding will enable the industrialisation of the pilot scheme for the recycling of battery production scrap (Gigafactories Scrap - ScrapCO2MET project), which will be operational in 2025.

Key Points: 
  • This funding will enable the industrialisation of the pilot scheme for the recycling of battery production scrap (Gigafactories Scrap - ScrapCO2MET project), which will be operational in 2025.
  • To prepare for this development, MECAWARE is finalising the installation of its new Technical Centre on the outskirts of Lyon (Vénissieux).
  • MECAWARE is currently focusing on the recycling of end-of-life batteries and production scrap from battery-making factories.
  • Consequently, its economic and ecological value is particularly appealing: the MECAWARE eco²-efficiency adapts to feedstocks and to evolutions in battery technology.

IMAX® and Prime Focus Technologies (PFT) expand strategic relationship into the streaming ecosystem

Retrieved on: 
Wednesday, September 13, 2023

AMSTERDAM, Sept. 13, 2023 /PRNewswire/ -- Entertainment technology industry leader IMAX Corporation® (NYSE: IMAX) and PFT, the creator of AI-powered technology solutions for the Media and Entertainment (M&E) industry, today announced plans to expand their strategic relationship beyond theatrical and into the streaming ecosystem.

Key Points: 
  • Under the arrangement, IMAX will expand access to its Stream Smart™ technology to PFT customers across Europe, Asia, and Australia.
  • The expanded partnership will dramatically increase the global availability of Stream Smart™, which helps streaming platforms deliver maximum picture quality while significantly reducing distribution and storage costs.
  • "For over a decade, CLEAR®, our flagship product, has spearheaded digital packaging and delivery services for prominent streaming platforms worldwide.
  • CLEAR® & Stream Smart will help optimize our customers' encoding pipeline, so they deliver better streaming quality while optimizing CDN & storage costs."

IMAX® and Prime Focus Technologies (PFT) expand strategic relationship into the streaming ecosystem

Retrieved on: 
Wednesday, September 13, 2023

AMSTERDAM, Sept. 13, 2023 /PRNewswire/ -- Entertainment technology industry leader IMAX Corporation® (NYSE: IMAX) and PFT, the creator of AI-powered technology solutions for the Media and Entertainment (M&E) industry, today announced plans to expand their strategic relationship beyond theatrical and into the streaming ecosystem.

Key Points: 
  • Under the arrangement, IMAX will expand access to its Stream Smart™ technology to PFT customers across Europe, Asia, and Australia.
  • The expanded partnership will dramatically increase the global availability of Stream Smart™, which helps streaming platforms deliver maximum picture quality while significantly reducing distribution and storage costs.
  • "For over a decade, CLEAR®, our flagship product, has spearheaded digital packaging and delivery services for prominent streaming platforms worldwide.
  • CLEAR® & Stream Smart will help optimize our customers' encoding pipeline, so they deliver better streaming quality while optimizing CDN & storage costs."

DalCor Pharmaceuticals announces Dal-GenE-2 confirmatory trial and closing of Series D financing round

Retrieved on: 
Wednesday, September 13, 2023

MONTREAL, Sept. 13, 2023 (GLOBE NEWSWIRE) -- DalCor Pharmaceuticals today announced the closing of the company’s Series D financing round of $80m USD to conduct the Dal-GenE-2 confirmatory trial in North America under a Special Protocol Assessment (SPA) agreement with the U.S. Food and Drug Administration (FDA).

Key Points: 
  • MONTREAL, Sept. 13, 2023 (GLOBE NEWSWIRE) -- DalCor Pharmaceuticals today announced the closing of the company’s Series D financing round of $80m USD to conduct the Dal-GenE-2 confirmatory trial in North America under a Special Protocol Assessment (SPA) agreement with the U.S. Food and Drug Administration (FDA).
  • “We are pleased to support DalCor in this round of financing so they can carry on development in precision medicine for cardiovascular disease,” said Guy LeBlanc, President, and CEO of Investissement Québec.
  • The trial is expected to start in Q3 2023 with an interim efficacy analysis in 2026, and completion anticipated in 2027.
  • DalCor Pharmaceuticals: DalCor Pharmaceuticals is pioneering precision medicine for patients with cardiovascular disease.

New secondary analysis of CLEAR Outcomes data for bempedoic acid show significant risk reduction of total cardiovascular events and no increase of new-onset diabetes in patients at high-risk of cardiovascular disease

Retrieved on: 
Saturday, August 26, 2023

The results, presented at the European Society of Cardiology (ESC) Congress 2023, further support the long-term use of bempedoic acid in patients at high-risk of cardiovascular (CV) events and demonstrate particular benefit in those with diabetes.

Key Points: 
  • The results, presented at the European Society of Cardiology (ESC) Congress 2023, further support the long-term use of bempedoic acid in patients at high-risk of cardiovascular (CV) events and demonstrate particular benefit in those with diabetes.
  • “Furthermore, the data show that treatment with bempedoic acid does not impact HbA1c levels or the incidence of new-onset diabetes.
  • This is particularly important given diabetes patients’ increased risk of a CV event regardless of the presence or not of CVD.
  • These findings reinforce bempedoic acid as an effective treatment option for LDL-C lowering and CV risk reduction in Europe.