Category: Energy

MIL-OSI Security: Georgia Man Sentenced for Distributing Meth and Heroin

Source: Office of United States Attorneys

A man who distributed approximately 40 kilograms of methamphetamine and a kilogram of heroin was sentenced February 11, 2025, to more than 19 years in federal prison.

Manuel Tomas Gaspar, age 25, from Atlanta, Georgia, received the prison term after an August 30, 2024, guilty plea to one count of conspiracy to distribute a controlled substance.

Information at the sentencing hearing showed that, between December 1, 2023, and February 14, 2024, Gaspar traveled between Georgia and Iowa transporting significant quantities of methamphetamine and heroin. In January 2024, Gaspar delivered 20 kilograms of methamphetamine and one kilogram of heroin to an individual in Cedar Rapids. On February 14, 2024, Gaspar was arrested after delivering an additional 20 kilograms of methamphetamine to the same individual in Cedar Rapids. During that time‑period, Gaspar carried a gun to protect large amounts of drug proceeds and he conducted international wire transfers to the Mexico‑based source of supply.

Gaspar was sentenced in Cedar Rapids by United States District Court Chief Judge C.J. Williams. Gaspar was sentenced to 236 months’ imprisonment. He must also serve a five-year term of supervised release after the prison term. There is no parole in the federal system.

Gaspar is being held in the United States Marshal’s custody until he can be transported to a federal prison.

The case was prosecuted by Special Assistant United States Attorney Michael Hudson and Assistant United States Attorney Dillan Edwards and investigated by the Cedar Rapids Police Department, the Drug Enforcement Administration, and the Bureau of Alcohol, Tobacco, Firearms and Explosives.

Court file information at https://ecf.iand.uscourts.gov/cgi-bin/login.pl.

The case file number is 24‑CR‑00029‑CJW.

Follow us on X @USAO_NDIA.

MIL Security OSI –

February 14, 2025
MIL-OSI USA: Hickenlooper, Graham, Coons, Young, Reintroduce Bipartisan Bill to Advance Domestic Critical Materials Production

US Senate News:

Source: United States Senator for Colorado John Hickenlooper
Legislation will cut reliance on China for critical materials essential to our national security, energy, and emerging tech
WASHINGTON – Today, U.S. Senator John Hickenlooper, Lindsey Graham, Chris Coons, and Todd Young reintroduced the bipartisan Critical Materials Future Act to establish a pilot program for the Department of Energy to financially support domestic critical material processing projects.
“American energy independence is a bipartisan goal,” said Hickenlooper. “The U.S. could be a global leader in critical materials, but we need to shore up our domestic supply chains to strengthen our national security. Let’s get to work.”
“China maintains dominant control over critical mineral processing, which poses significant risks to our national security. It’s important for us to build better and more resilient processing capabilities here at home,” said Graham.
“Critical minerals are essential to manufacturing the most advanced energy and defense technologies, but the production, processing, and recycling of these materials is dominated by China,” said Coons. “This bipartisan bill will spur the investment we need to regain American control of our critical mineral supply chains.”
“Our reliance on global supply chains for critical materials poses a significant national security threat, especially as the Chinese Communist Party continues to manipulate this market,” said Young. “Our bill will take innovative steps to identify opportunities for American leadership and investment in critical material projects, strengthen domestic supply chains, and boost our economic and global competitiveness.”
The U.S. critical minerals list contains 50 minerals – including graphite, nickel, and cobalt – that are essential to our economy, infrastructure, and military capability. Critical minerals are used in smartphones, electric vehicle batteries, solar panels, wind turbines, and more.
This December, China announced that they would immediately block the export of three critical minerals: gallium, germanium, and antimony to the U.S. China currently controls 90% of the global processing capacity for rare earth elements and over 80% of the processing for other critical minerals like cobalt, gallium, and graphite. Experts have become increasingly concerned with U.S. dependence on China for critical materials, arguing it poses a significant risk to national security.
The Critical Materials Future Act supports critical material processing projects in the United States by granting the Secretary of Energy the authority and funding to deploy innovative financial mechanisms, such as contracts for differences and advanced market commitments, within this sector.
The bill also requires the Secretary of Energy to conduct a comprehensive study on the impact of these financial tools on market dynamics and processing projects within the critical materials sector, and to provide recommendations for expanding their use to strengthen America’s processing capabilities.
In the 119th Congress, Hickenlooper has reintroduced his bipartisan STRATEGIC Minerals Act to foster critical minerals trade with our international allies, and the bipartisan Unearth Innovation Act to establish a DOE program for critical minerals innovation.
The Critical Materials Future Act is supported by the Colorado School of Mines, the Bipartisan Policy Center, the National Wildlife Federation, the Society for Mining, Metallurgy, and Exploration, the Key Minerals Forum, Citizens for Responsible Energy Solutions, Employ America, MineTech Ventures, Alta Resource Technologies, the Chamber of Progress, U.S. Critical Minerals, Nyrstar, the Alabama Mobility and Power Center (University of Alabama), South32 Hermosa, Alliance for Mineral Security, South Star Battery Metals Corp, the American Critical Minerals Association, and the Federation of American Scientists. For their statements of support, click HERE.
Full text of the Critical Materials Future Act is available HERE. A one-pager explanation on this bill is available HERE.

MIL OSI USA News –

February 14, 2025
MIL-OSI USA: Hickenlooper, Tillis Reintroduce Bill to Boost Critical Mineral Innovation, Secure American Leadership

US Senate News:

Source: United States Senator for Colorado John Hickenlooper
Unearth Innovation Act would create a Department of Energy program to drive responsible domestic critical mineral production, develop our energy workforce
WASHINGTON – Today, U.S. Senators John Hickenlooper and Thom Tillis reintroduced their bipartisan Unearth Innovation Act to spur American innovation and drive responsible production of domestic critical minerals with less environmental impact.
“We need critical minerals for our clean energy future and national security, but we can’t rely on China or others for them,” said Hickenlooper. “U.S. research and innovation will set a global example for critical minerals sourcing and help develop our energy workforce of tomorrow.”
“This legislation promotes innovative technologies that will make mining safer, cleaner, and more efficient,” said Tillis. “By collaborating with agencies and experts, we can create high-quality jobs, enhance safety, and equip the next generation with the skills and training needed to strengthen our critical minerals supply chains.”
The legislation would establish a Mining and Mineral Innovation Program within the Department of Energy (DOE) to increase research, development, and commercialization of advanced mining, recycling, and processing technologies that would reduce environmental and human impacts.
The U.S. critical minerals list contains 50 minerals – including graphite, nickel, and cobalt – that are essential to our economy, infrastructure, and military capability. Critical minerals are used in smartphones, electric vehicle batteries, solar panels, wind turbines, and more. Currently, the U.S. is largely dependent on China for importing these minerals, which creates supply chain instability and threats to national security.
Specifically, the Unearth Innovation Act would:
Support research and development of technologies for identifying, mining, recycling, and processing minerals and to reclaim, remediate, and reuse existing mines
Promote responsible mining practices that minimize human and environmental impact
Engage with communities and consult with tribal nations to support strategies to increase the prosperity of mining communities
Allow DOE to coordinate with federal agencies on mining safety innovations
Partner with academic institutions and the mining industry to accelerate new mining technologies and create a pipeline into the critical minerals workforce
In the 119th Congress, Hickenlooper has reintroduced his bipartisan STRATEGIC Minerals Act to foster critical minerals trade with our international allies and the bipartisan Critical Materials Future Act to establish a pilot program to finance domestic critical minerals production.
The Unearth Innovation Act is supported by the Colorado School of Mines, the Bipartisan Policy Center, the National Wildlife Federation, the Society for Mining, Metallurgy, and Exploration, SAFE’s Center for Critical Minerals Strategy, the Key Minerals Forum, the Zero Emission Transportation Association, Citizens for Responsible Energy Solutions, Employ America, MineTech Ventures, Alta Resource Technologies, the Chamber of Progress, U.S. Critical Minerals, Nyrstar, the Alabama Mobility and Power Center (University of Alabama), South32 Hermosa, Alliance for Mineral Security, South Star Battery Metals Corp, the American Critical Minerals Association, and the Federation of American Scientists. For their statements of support, click HERE.
A one-pager explanation of the bill can be found HERE.
Full text of the bill is available HERE.

MIL OSI USA News –

February 14, 2025
MIL-OSI USA: Welch Opposes RFK Jr. For Secretary of Health: “It’s hard, in many ways, to see how we could do worse.”

US Senate News:

Source: United States Senator Peter Welch (D-Vermont)
WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.), a member of the Senate Finance Committee, spoke on the Senate Floor late last night to reiterate his opposition to Robert F. Kennedy Jr., President Trump’s pick to serve as the next Secretary of the U.S. Department of Health and Human Services (HHS). Senator Welch detailed his concerns about Kennedy’s character, competence, and priorities. The Senator has previously expressed reservations about Kennedy’s nomination in the Senate Finance Committee.
“The bottom line here for me, on the question of any nominee, is character, competence, and priorities. And on all three of these, I come up short with respect to Mr. Kennedy. Aside from the fact that we could better, it’s hard, in many ways, to see how we could do worse. So, I would urge all of my colleagues to consider the consequences of their vote. A vote that would put a person of questionable character, a person of questionable competence, and a person of—in my view—bad priorities at the head of our health care system,” said Senator Welch.
Watch Senator Welch’s speech below:
Senator Welch’s Committee and Subcommittee Assignments for the 119th Congress include:
Senate Committee on Finance
Senate Committee on Agriculture, Nutrition, & Forestry
Ranking Member, Subcommittee on Rural Development, Energy, and Credit
Senate Committee on the Judiciary
Ranking Member, Subcommittee on the Constitution
Senate Committee on Rules & Administration

MIL OSI USA News –

February 14, 2025
MIL-OSI United Nations: UNECE issues guidance to tackle methane emissions from coal mine ventilation systems
Source: United Nations Economic Commission for Europe

In the fight against climate change, emissions of methane – which has a warming effect over 80 times greater than CO2 over a 20-year timeframe – from coal mines remain a significant source of greenhouse gases (GHG). Coal mines account for over 10% of methane emissions from human activity. As long as coal’s share in the global energy mix remains significant, mitigating large emissions associated with its extraction presents an under-exploited and under-capitalized opportunity to deliver near-term GHG emissions cuts.

Gassy underground coal mines employ large-scale ventilation systems that pump fresh air into the workings to dilute and remove methane released during mining operations. This ventilation air, discharged through dedicated (ventilation) shafts, contains methane in concentrations typically ranging from 0.1% to 1.0% by volume, known as Ventilation Air Methane (VAM). While removing methane from the mine is necessary for maintaining safe underground working conditions, the continuous discharges of large volumes of VAM constitute a significant source of greenhouse gas emissions.

A new UNECE report developed by the UNECE Group of Experts on Coal Mine Methane and Just Transition sheds light on the urgency of tackling VAM emissions. A single ventilation shaft in an operating coal mine can expel up to 50,000 tonnes of methane annually – equivalent to the emissions (CO2e) generated by 2 million cars. Since coal mines are expected to continue to operate for at least the next two decades, reducing these emissions presents an immediate and effective way to slow down climate change, complementing scaled-up decarbonization efforts.

The report “Best Practice Guidance on Ventilation Air Methane Mitigation” highlights the cost-effectiveness of VAM mitigation. Advanced technologies, such as Regenerative Thermal Oxidation (RTO), have been successfully deployed in large-scale, long-term projects, proving the technical viability of VAM mitigation. RTO installations are actively reducing methane emissions at coal mines in the United States and China. For such projects to be economically sustainable, the value of emission reductions must reach approximately USD 20 per tonne of CO2e – an economically feasible target when compared to other climate mitigation efforts.

The cost of a VAM mitigation plant is all about the volume of air being processed, and therefore the methane content in the ventilation air to be processed is a key factor determining the revenue and thus also the economic viability of the plant. A plant processing VAM concentration of 0.2% will have a total cost per mitigated tCO2e around USD $20. Where such mechanisms exist, this cost could be balanced by Carbon Emission Reduction Credits, or by avoided emissions penalty.

Despite its potential, VAM mitigation faces technical challenges. Methane concentrations in ventilation air are often very low, and mine shafts release vast volumes of air. The report emphasizes that only one technology, RTO, has consistently reduced methane emissions from coal mines, though other catalytic processes are emerging.

The report aligns with global efforts to address methane emissions, including the Paris Agreement and the Global Methane Pledge, which aims to cut methane emissions by 30% by 2030. In this context, VAM mitigation could play a key role in achieving these ambitious objectives.

This Best Practice Guidance on VAM serves as a call to action for the mining industry and policymakers, underscoring the significant potential of VAM mitigation as a cost-effective solution to reduce emissions.

The report provides practical guidance on securing financial support, assessing the feasibility of VAM mitigation plants, and understanding the key aspects of technology integration. It also offers a clear 8-step model for preparing potential VAM projects, making this complex topic accessible and actionable.

For further information and/or to access the Best Practice Guidance report, please visit https://unece.org/sustainable-energy/publications/best-practice-guidance-ventilation-air-methane-mitigation

———————————-

In addition to the Best Practice Guidance, the UNECE Group of Experts on Coal Mine Methane and Just Transition – through its Task Force on Methane Emissions Reduction – has developed complementary resources to further support methane monitoring and mitigation efforts. These include:
- Template for Estimating Emissions from Underground Coal Mines – A user-friendly tool designed to improve emissions data collection for policymakers and companies. This template streamlines the tracking of methane emissions, destruction, and off-site transportation, and accounts for avoided methane emissions and CO2 emissions resulting from these processes.
Join the Discussion at the UNECE Resource Management Week 2025

The UNECE Resource Management Week 2025 (24–28 March, Geneva), and particularly the meeting of the Group of Experts on Coal Mine Methane and Just Transition, will provide a platform to discuss methane mitigation strategies, including the VAM Best Practice Guidance, which will be presented for endorsement.

Bringing together policymakers, industry representatives, and experts, the event will facilitate discussions on innovative solutions, financing mechanisms, and regulatory approaches to support methane emission reductions.

Register here.

MIL OSI United Nations News –
February 14, 2025
MIL-OSI United Kingdom: Great British Nuclear Announces Key Leaders to Power Next Phase
Source: United Kingdom – Executive Government & Departments

Great British Nuclear Transition Update
Great British Nuclear (GBN) is making the step forward from start-up to a permanent organisation, marking a pivotal moment in its mission to deliver growth from nuclear and help deliver the Government’s Plan for Change and clean energy superpower mission.

Since its inception, GBN has rapidly established itself as the Government’s delivery body for new nuclear, focusing initially on the Small Modular Reactor (SMR) Technology Partner selection process. GBN is currently in the negotiation phase of this process, with four remaining vendors: GE-Hitachi Nuclear Energy International LLC, Holtec Britain Ltd, Rolls Royce SMR Ltd, and Westinghouse Electric Company UK Ltd. Final decisions will be taken this Spring.

Great British Nuclear (GBN) has also bought land for new nuclear development from Hitachi at both Wylfa on Ynys Môn/Anglesey and Oldbury-on-Severn in Gloucestershire. GBN is working closely with the local communities at these sites to consider how future new nuclear projects will benefit their communities.

GBN Chair Simon Bowen said:

“This is a great step for Great British Nuclear. We’ve benefitted from some incredibly talented people as we set up the organisation and launched the process of selecting the right small modular reactor technology for the UK, no mean feat! Now we’re consolidating and moving to the next phase. The country will benefit hugely from the new nuclear, not only in terms of GDP growth, jobs, skills and accelerating the path to Net Zero, but also in its real potential for export.”

Key Leadership Appointments:

• Brian Robinson, Chief Technology Officer

• Florian Wagner, Strategy and Performance Director

• Rachel Welch, Chief People Officer

• Nick Smallwood, Programme Development and Assurance Director

• Cory Reynolds, Director of Communications and Government Relations

A high calibre CFO has been appointed and will be announced in due course. Kenny Douglas, the MD of the GBN Development Companies, remains seconded to GBN on a long-term basis.

These appointments bring a wealth of experience and expertise to GBN, ensuring the organisation is well-positioned to achieve its goals. Both Brian Robinson and Florian Wagner have been with GBN since its inception, playing instrumental roles in its early successes.

The permanent appointments of Chair and CEO are also underway to support the long-term stability of GBN.

As GBN continues to grow, it remains committed to building a sustainable and secure energy future for the UK, in line with the Government’s growth mission to drive higher productivity, employment and skills development.

For more information, please contact:

Cory Reynolds, Director of Communications and Government Relations
cory.reynolds@gbnuclear.gov.uk m: 07701 235045

Ieuan Williams, Head of Stakeholder and Media Relations ieuan.williams@gbnuclear.gov.uk m: 07889 108555

About Great British Nuclear (GBN)

Great British Nuclear (GBN) is the Government delivery body dedicated to supporting the development and deployment of new nuclear technologies in the UK. As an executive non-departmental public body sponsored by the Department for Energy Security and Net Zero (DESNZ), GBN plays a crucial role in ensuring the UK’s energy security and achieving net-zero carbon emissions. GBN focuses on fostering innovation, facilitating investment, and coordinating efforts across the nuclear industry to build a resilient and sustainable energy future.

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Published 13 February 2025
MIL OSI United Kingdom –
February 14, 2025
MIL-OSI USA: Governor Lamont Announces $12.8 Million in Small Cities Grants Awarded to Eight Municipalities To Modernize and Rehabilitate Housing
Source: US State of Connecticut

(HARTFORD, CT) – Governor Ned Lamont and Connecticut Housing Commissioner Seila Mosquera-Bruno today announced that the Connecticut Department of Housing is awarding $12.8 million in grants to eight municipalities for infrastructure upgrades that will modernize and rehabilitate housing for low and moderate-income residents.

The grants are being awarded as part of the Community Development Block Grant (CDBG) Small Cities program, which is administered by the Connecticut Department of Housing with funding from the U.S. Department of Housing and Urban Development. Eligible projects are required to be in a municipality with a population of fewer than 50,000 residents.

“These housing grants go a long way to improving neighborhoods so that we can make our communities more attractive and encourage continued growth for the benefit of all our residents,” Governor Lamont said.

“Connecticut has both large and small cities that contribute to its unique culture and quality of life,” Commissioner Mosquera-Bruno said. “Whether it’s helping families make essential renovations to their homes, ensuring senior living facilities are ADA compliant, or providing a fire truck for increased services, these grants are essential to upgrade and enhance our smaller towns. We’re aware that this funding is crucial and improves the day-to-day-lives of our residents.”

The grants are being awarded to the following recipients:
- Ashford – Pompey Hollow Senior Housing ($2,000,000): The Town of Ashford will use funds to renovate Pompey Hollow Senior Housing, a 32-unit low and moderate-income housing complex for elderly and disabled individuals. The proposed scope of work includes interior renovations replacing all common doors and hardware, installing automatic entry doors, full kitchen and bathroom upgrades, installing new mailboxes for the tenants, adding blown-in insulation, elevator upgrades, installing LED lighting, updates to the attic sprinklers, updates to emergency lighting, and replacement of all smoke detectors with hardwired combination smoke/carbon monoxide systems. All interior upgrades will focus on ADA compliance, where applicable. The exterior renovations include replacing the existing vinyl siding, replacing AC condensers, roof and chimney repairs, pathway and driveway repairs, sloping the existing patio for better drainage, installing a handrail at the front sidewalk, and installing new fuel tanks for the existing generator. Additionally, there will be mechanical upgrades including a new fire pump with transfer switch, new hot water circulating pumps, new expansion tanks, a new furnace air handler, and changing the heating system from oil to propane.
- Canton – 21 Dowd Avenue ($2,000,000): The Town of Canton will use the funds to rehabilitate an SSHP property located at 40 Dowd Avenue in Canton. The property was built in 1979 with 40 residential units and a community building. The renovations include replacing roofing materials, installing new doors and windows, and replacing siding. ADA compliance improvements will be made to four residential units and the community building. The fire alarm and call-for-aid systems will be upgraded and replaced. Asphalt roofing systems will be installed in four of the six buildings. All windows will be replaced with Energy Star-rated windows. Improvements will include sidewalks, site railings, and parking areas.
- East Windsor – Park Hill ($2,000,000): The Town of East Windsor will use the funds for capital improvements to the existing affordable housing development located at Park Hill, an 84-unit affordable housing development located at 1A Park Hill in Broad Brook. This phase will prioritize the oldest buildings, which include five buildings totaling 30 units. The remaining nine buildings (54 Units) will be addressed with SSHP funds to complete a similar scope. The improvements included in the proposed scope are energy efficiency upgrades through new heat pump heating systems (mini-splits); improved envelope with new siding, insulation, windows, and doors; and new kitchens, stoves, and flooring throughout units (excluding bathrooms). Additionally, handicapped accessibility upgrades to bathrooms through tub to shower conversions for elderly and disabled residents will be made.
- Southington – General Pulaski Terrace ($2,000,000): General Pulaski Terrace consists of eleven buildings, including ten residential buildings with a total of 40 units and a community building. The project aims to modernize the property by replacing roofing materials, installing seamless aluminum gutters and leaf screens, replacing the existing heat pumps, and installing a monitored fire alarm system (call-for-aid) including a closed-circuit television system and the replacement of inefficient heat pumps with more energy-efficient units.
- Stonington – Housing Rehabilitation Program ($400,000): The Town of Stonington will use the funds to complete up to 10 housing units, and the future use of any program income to be used to continue the Stonington Housing Rehabilitation Program (SHRP) into the future. It is the town’s goal to establish SHRP as a continuous town service for its residents and serve as a catalyst to improve the properties and the living conditions of the residents.
- Tolland – Old Post Village ($2,000,000): Old Post Village was constructed in 1977, before the Americans with Disabilities Act of 1990. Currently, the housing complex does not have any fully ADA accessible units available for its residents. The scope of this project proposes to achieve full ADA compliance on three units. This conversion will not only benefit the tenants who need it most, it will also make the property fully compliant by meeting the minimum 10% “Type A” barrier-free handicapped- accessible units’ requirements. The proposed scope of work focuses on ADA improvements, energy efficiency, and safety. This will be achieved through renovations to the exterior building envelope, which includes replacing the roof, gutters, windows, entry and storm doors, as well as the entry door stoops; interior kitchen, bathroom and community room renovations, including ADA accessibility; new interior doors, water closets, sinks, showers, and flooring; blown-in attic insulation; replacement of all mini split units throughout the complex; electrical upgrades, including interior and exterior lighting, emergency lighting, smoke/carbon monoxide detectors, as well as building service panels and meter cans; and site work, including improving drainage, parking lot repairs and expansion, as well as ADA ramp additions and improvements.
- Watertown – Country Ridge ($2,000,000): The proposed renovations for the complex include replacement of roofing materials, installation of new Energy Star-rated triple pane windows, and installation of new entry doors and storm doors. These renovations aim to improve the long-term sustainability and independence of the property.
- Windsor – Housing Rehabilitation Program ($400,000): The Town of Windsor will use the funding to continue its Housing Rehabilitation Loan Program to help low and moderate-income homeowners rehabilitate their homes. Ten housing units are expected to be rehabilitated. Upgrades will include roof replacement, heating systems, window replacement, lead paint and asbestos removal, and electrical and code upgrades.
For more information about the CDBG Small Cities program, visit portal.ct.gov/doh/doh/programs/small-cities-program.

MIL OSI USA News –
February 14, 2025
MIL-OSI: New BESS Industry Survey Reveals Shifting Operations Priorities and Challenges
Source: GlobeNewswire (MIL-OSI)

CHICAGO, Feb. 13, 2025 (GLOBE NEWSWIRE) — TWAICE, the leading provider of battery analytics software, published today the results of its first in-depth industry survey of battery energy storage system (BESS) professionals. For the BESS Pros Survey, TWAICE questioned over 80 engineers, technicians, asset managers, and operators, seeking to understand their most pressing concerns.

The results of the survey revealed that:
- 58% of respondents identified system performance and availability as top concerns
- 46% overall reported technical issues at least once a month
  - This figure rose to 53% among asset managers and an overwhelming 73% among operations and maintenance staff – those closest to actual system performance
- Only 55% are satisfied with their energy storage software stack
With nearly half of all energy storage respondents experiencing frequent technical issues, the “BESS Pros Survey” throws a spotlight on widespread, recurring issues in the energy storage industry that prevent systems from performing at their best. The performance discrepancy reported across different roles further suggests a potential disconnect between those focused on day-to-day operations and the rest of the organization – and underscores the need for a unified data strategy and improved communications among operational stakeholders.

The survey also emphasized the diversity of technologies that respondents use to manage storage data. Notably, only about half of the respondents expressed satisfaction with capabilities provided by their current software stack based on manufacturer-supplied tools. Instead, respondents are increasingly adopting more specialized software tools to address storage-specific challenges. This shift reflects a growing understanding that BESS operations require in-depth analytics, management, and optimization capabilities that more generic energy software may lack.

“The common thread across the survey is that the teams responsible for safeguarding operations and ensuring commercial success lack reliable and enriched data,” said Dr. Stephan Rohr, Founder and co-CEO at TWAICE. “As the industry transitions from simply delivering safe operations to actively monetizing storage assets, it’s crucial that we empower BESS professionals with the right tools for the job at hand. This includes access to data to proactively manage their BESS, mitigate risks, and capitalize on market opportunities with highly available assets.”

Experts at TWAICE conducted the BESS industry survey between October and December 2024, collecting responses from 83 professionals from across EU and US. Most respondents came from independent power producers (35% of respondents); engineering, procurement, and construction firms (19%); and BESS integrators (17%). The majority worked with utility-scale batteries, with 61% expecting their total capacity to exceed 250 MWh within two years.

The full BESS Pros Survey Report can be downloaded from TWAICE’s website.

About TWAICE
Since 2018, TWAICE has been leading the field of predictive battery analytics, meeting the demand for safe, durable, and highly available energy storage assets (BESS). TWAICE provides advanced software solutions for designing, validating, and operating batteries at scale, combining deep battery knowledge with artificial intelligence to generate actionable insights. While Battery Management System (BMS) and Energy Management System (EMS) providers offer basic monitoring capabilities, TWAICE exceeds the traditional service by providing advanced analytics that uncover hidden patterns and anomalies to optimize battery performance and lifespan. As an independent third-party, TWAICE ensures unbiased recommendations, free from ties to specific insurance companies, manufacturers or vendors.

Media Contact
Justin Williams
Trevi Communications for TWAICE
justin@trevicomm.com
+1 (978) 539-7157

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/a4ee993c-6ced-4592-be55-9698c2e88ec5

https://www.globenewswire.com/NewsRoom/AttachmentNg/35271b34-6b4d-4036-9bec-8db614668939

https://www.globenewswire.com/NewsRoom/AttachmentNg/9dffe865-24b8-4407-be7c-1c11c1e19113

The MIL Network –
February 14, 2025
MIL-OSI: Trillion Energy Announces SASB Field Operational Update
Source: GlobeNewswire (MIL-OSI)

Vancouver, B.C., Feb. 13, 2025 (GLOBE NEWSWIRE) — Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), is pleased to announce an operational update for the SASB offshore gas project, Turkey.

During January 2025 the Company completed installation of new velocity string tubing in two wells located on tripods (Alapli-2 and Bayhanli-2) in an operation that took approximately two weeks’ time.

Previously, the Company completed installation of new tubing in four wells on the Akcakoca platform during the fall of 2024. A total of 6 wells have now received the new smaller tubing size to mitigate water loading conditions.

The tripod wells continue to receive nitrogen injections to stimulate production, however, operations have been delayed over the past few weeks due to stormy winter weather conditions. Both Alapli-2 and Bayhanli-2 initially responded positively to the ongoing operational efforts, however, stable long-term flow rates have yet to be sustained.

The Company is currently preparing to stimulate the Akcakoca-3 and South Akcakoca-2 wells in the upcoming week using nitrogen, upon suitable weather conditions arriving.

The Company has sourced a gas lift compressor system for the Akcakoca platform which will provide continuous gas lifting injection to certain wells to assist in production.

Additionally, the Company plans to enhance production by installing:
- A Progressive Cavity Pump (PCP) in a well
- Two slim-hole Electric Submersible Pumps (ESPs) attached to the new tubing in two wells
These strategic interventions involving artificial lift are critical to sustaining long-term production rates and optimizing well performance and are expected to occur in the upcoming months.

About the Company

Trillion Energy International Inc is focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye. The Company is 49% owner of the SASB natural gas field, a Black Sea natural gas development and a 19.6% (except three wells with 9.8%) interest in the Cendere oil field. More information may be found on www.sedar.com, and our website.

Contact
‎Sean Stofer, Chairman
Brian Park, VP of Finance
1-778-819-1585
E-mail: info@trillionenergy.com
Website: www.trillionenergy.com

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the Company’s ability to obtain regulatory approval of the executive officer and director appointments. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. Trillion does not undertake to update any forward-looking information except in accordance with applicable securities laws.

These statements are no guarantee of future performance and are subject to certain risks, uncertainties, delay, change of strategy, and assumptions that are difficult to predict and which may change over time. Accordingly, actual results and strategies could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. These factors include unforeseen securities regulatory challenges, COVID, oil and gas price fluctuations, operational and geological risks, changes in capital raising strategies, the ability of the Company to raise necessary funds for development; the outcome of commercial negotiations; changes in technical or operating conditions; the cost of extracting gas and oil may increase and be too costly so that it is uneconomic and not profitable to do so and other factors discussed from time to time in the Company’s filings on www.sedar.com, including the most recently filed Annual Report on Form 20-F and subsequent filings. For a full summary of our oil and gas reserves information for Turkey, please refer to our Forms F-1,2,3 51-101 filed on www.sedar.com, and or request a copy of our reserves report effective December 31, 2022 and updated January 31 2023.

‎

The MIL Network –
February 14, 2025
MIL-OSI Security: Defense News: NPS Develops AI Solution to Automate Drone Defense with High Energy Lasers

Source: United States Navy

To counter the rapidly mounting threats posed by the proliferation of inexpensive uncrewed autonomous systems (UAS), or drones, Naval Postgraduate School (NPS) researchers and collaborators are applying AI to automate critical parts of the tracking system used by laser weapon systems (LWS). By improving target classification, pose estimation, aimpoint selection and aimpoint maintenance, the ability of an LWS to assess and neutralize a hostile UAS greatly increases. Enhanced decision advantage is the goal.

The tracking system of an LWS follows a sequence of demanding steps to successfully engage an adversarial UAS. When conducted by a human operator, the steps can be time consuming, especially when facing numerous drones in a swarm. Add in the challenges of an adversary’s missiles and rockets traveling at hypersonic speeds, efforts to mount proper defenses become even more complicated, and urgent.

Directed energy and AI are both considered DOD Critical Technology Areas. By automating and accelerating the sequence for targeting drones with an AI-enabled LWS, a research team from NPS, Naval Surface Warfare Center Dahlgren Division, Lockheed Martin, Boeing and the Air Force Research Laboratory (AFRL) developed an approach to have the operator on-the-loop overseeing the tracking system instead of in-the-loop manually controlling it.

“Defending against one drone isn’t a problem. But if there are multiple drones, then sending million-dollar interceptor missiles becomes a very expensive tradeoff because the drones are very cheap,” says Distinguished Professor Brij Agrawal, NPS Department of Mechanical and Aerospace Engineering, who leads the NPS team. “The Navy has several LWS being developed and tested. LWS are cheap to fire but expensive to build. But once it’s built, then it can keep on firing, like a few dollars per shot.”

To achieve this level of automation, the researchers generated two datasets that contained thousands of drone images and then applied AI training to the datasets. This produced an AI model that was validated in the laboratory and then transferred to Dahlgren for field testing with its LWS tracking system.

Funded by the Joint Directed Energy Transition Office (DE-JTO) and the Office of Naval Research (ONR), this research addresses advanced AI and directed energy technology applications cited in the CNO NAVPLAN.

During a typical engagement with a hostile drone, radar makes the initial detection and then the contact information is fed over to the LWS. The operator of the LWS uses its infrared sensor, which has a wide field of view, to start tracking the drone. Next, the high magnification and narrow field of view of its high energy laser (HEL) telescope continues the tracking as its fast-steering mirrors maintain the lock on the drone.

With a video screen showing the image of the drone in the distance, the operator compares it to a target reference to classify the type of drone and identify its unique aimpoints. Each drone type has different characteristics, and its aimpoints are the locations where that particular drone is most vulnerable to incoming laser fire.

Along with the drone type and aimpoint determinations, the operator must identify the drone’s pose, or relative orientation to the LWS, necessary for locating its aimpoints. The operator looks at the drone’s image on the screen to determine where to point the LWS and then fires the laser beam.

Long distances and atmospheric conditions between the LWS and the drone can adversely affect the image quality, making all these identifications more challenging and time consuming to conduct.

After all these preparations, the operator cannot just simply move a computerized crosshair across the screen onto an aimpoint and press the fire button as if it were a kinetic weapon system, like an anti-aircraft gun or interceptor missile.

Though lasers move at the speed of light, they don’t instantaneously destroy a drone like the way lasers are depicted in sci-fi movies. The more powerful the laser, the more energy it delivers in a given time. To heat a drone enough to cause catastrophic damage, the laser must be firing the entire time.

But there’s a catch. The laser beam must be continually held at the same spot. If the drone turns and the laser beam doesn’t adjust, the initial spot it was targeting will no longer heat up. Whatever new spot now hit by the laser beam will start to heat, but it might not be the aimpoint.

If the drone continuously moves, then the laser beam will wander along its surface if not continuously re-aimed. In this case, the laser’s energy will be distributed across a large area instead of concentrated at a single point. This process of continuously firing the laser beam at one spot is called aimpoint maintenance.

In 2016, construction of the High Energy Laser Beam Control Research Testbed (HBCRT) was completed by the NPS research team. The HBCRT was designed to replicate the functions of an LWS found aboard a ship, such as the 30-kilowatt, XN-1 Laser Weapon System operated on USS Ponce (LPD 15) from 2014 to 2017.

Early on, the HBCRT was utilized at NPS to study adaptive optics techniques to correct for aberrations from atmospheric conditions that degrade the quality of the laser beam fired from an LWS. Later, the addition of state-of-the-art deformable mirrors built by Northrup Grumman allowed NPS researchers to investigate further impacts of deep turbulence.

Over the years, 15 masters and 2 PhD degrees have been earned by NPS officer-students contributing their interdisciplinary research into hardware and software related to the HBCRT. Investigations by U.S. Navy Ensigns Raymond Turner, MS astronautical engineering in 2022, and Raven Heath, MS aeronautical engineering in 2023, added to this research. Turner helped integrate AI algorithms into the HBCRT for aimpoint selection and maintenance, and Heath used deep learning to research AI target key points estimation.

Now the HBCRT is also being used to create catalogs of drone images to make real-world datasets for AI training.

Built by Boeing, the HBCRT has a 30 cm diameter, fine-tracking, HEL telescope and a course-tracking, mid-wavelength infrared (MWIR) sensor. The pair is called the beam director when coupled together on a large gimble that swivels them in unison up-and-down and side-to-side.

“The MWIR is thermal,” says Research Associate Professor Jae Jun Kim, NPS Department of Mechanical and Aerospace Engineering, who specializes in optical beam control. “It looks at the mid-wavelength infrared signal of light, which is related to the heat signature of the target. It has a wide field of view. The gimbal moves to lock onto the target. Then the target is seen through the telescope, which has very small field of view.”

A 1-kilowatt laser beam (roughly a million times more powerful than a classroom laser pointer) can fire from the telescope. If the laser beam were to be used, it’s generated by a separate external unit and then directed into the telescope, which then projects the laser beam onto the target. However, its use with the HBCRT isn’t required for the initial development of this research, which allows the work to be easily conducted inside a laboratory.

With a short-wavelength infrared (SWIR) tracking camera, the telescope can record images of a drone that is miles away. Although necessary, replicating the view of a distant drone in a small laboratory is impossible. To resolve this dilemma, researchers mounted 3D-printed, titanium miniature models of drones fabricated by AFRL into a range-in-a-box (RIAB).

Constructed on an optical bench, the RIAB accurately replicates a drone flying miles away from the telescope by using a large parabolic mirror and other optical components. This research used a miniature model of a Reaper drone. When a SWIR image is taken of the drone model by the telescope, it appears to the telescope as if it were seeing an actual full-sized Reaper drone.

The drone model is attached to a gimble with motors that can change its pose along the three rotational flight axes of roll (x), pitch (y) and yaw (z). This allows the telescope to observe real-time changes in the direction that the drone model faces.

Simply put, pose is the orientation of the drone that the telescope “sees” in its direct line of sight. Is the drone heading straight-on or flying away, diving or climbing, banking or cruising straight and level, or moving in some other way?

By measuring the angles about the x-, y- and z-axes for a drone model in a specific orientation, the pose of the drone can be precisely defined and recorded. This important measurement is called the pose label.

The NPS researchers created two large representative datasets for AI training to produce the AI model for automating target classification, pose estimation, aimpoint selection and aimpoint maintenance. The AI training used convolutional neural networks with deep learning, which is a machine learning technique based on the understanding of neuropathways in the human brain. A recent journal article in Machine Vision and Applications by NPS faculty Leonardo Herrera, Jae Jun Kim, and Brij Agrawal describes the datasets and AI training in detail.

Each piece of data in the dataset contained a 256´256-pixel image of a Reaper drone in a unique pose with its corresponding pose label. Lockheed Martin used computer generation to create the synthetic dataset, which contained 100,000 images. Created with the HBCRT and RIAB at NPS, the real-world dataset contained 77,077 images.

“If we train on only clean pictures, it won’t work. That is a limitation,” says Agrawal. “We need a lot of data with different backgrounds, intensities of the sun, turbulence and more. That’s why when using AI, it takes a lot of work to create the data. And the more data you have, the higher the fidelity.”

For the AI model, three different AI training scenarios were generated and compared to determine which scenario performed the best. The first scenario only used the synthetic dataset, the second used both the synthetic and real-world datasets, and the third only used the real-world dataset.

Because the large sizes of datasets and their individual pieces of data required enormous amounts of computational power for the AI training, the researchers used an NVIDIA DGX workstation with four Tesla V100 GPUs. NPS operates numerous NVIDIA workstations. And in December 2024, to continue advancing AI-based technologies, NPS formed a partnership with NVIDIA to become one of its AI Technology Centers.

“Once we’ve generated a model, we want to test how good it is,” says Agrawal. “Assume you have a dataset with 100,000 data. We’ll train on 80,000 data and test on 20,000 data. Once it’s good with 20,000 data, we’re finished training it.”

U.S. Navy Ensign Alex Hooker, a Shoemaker Scholar who recently earned his M.S. in astronautical engineering from NPS and is now a student naval aviator, contributed to testing the pose estimations of the AI model.

“A way to improve the reliability of the model at predicting the pose of a UAS in 3D space by taking 2D input images is detecting what’s called out of distribution data,” he says. “There are different ways to detect whether an image can be trusted or whether it is out of distribution.”

By feeding the test data images from the dataset into the existing AI model and then comparing the output poses from the AI model to pose labels of the test data images, Hooker could continually train and refine the AI model itself.

Working now with Agrawal is NPS Space Systems Engineering student U.S. Navy Ensign Nicholas Messina, who graduated from the U.S. Naval Academy in aerospace engineering last year and is a Boman Scholar headed for the Nuclear Navy career track after NPS.

“My thesis is a little bit of a sidestep in the way that I am working with artificial intelligence and optics, but Dr. Agrawal and Dr. Herrera have been great,” said Messina. “My research is specifically working on optical turbulence prediction and classification. I train my AI models off large image datasets and am working to improve accuracy in how the model predicts the wavefronts from a picture.”

One of the biggest challenges that has faced automated image-based drone identification and classification is pose ambiguity. This occurs when the pose of the actual drone in the distance is indistinguishable from one or more of its other poses.

Because an LWS views the 3D drone flying far away as 2D images in the infrared spectrum, the features of the drone’s shape effectively disappear into a silhouette. For example, the silhouette of a drone flying directly head-on would look the same as if it were flying away in the exact opposite direction.

The researchers solved pose ambiguity for the AI model by introducing radar cueing. Tracking data from a radar can reveal if a drone is approaching, withdrawing or moving in some other way. For the AI training, the pose labels of the drone images were used to mimic real radar sensor output. The team also developed a separate method to simulate the radar data and provide radar cuing during LWS operation if actual radar data is not available.

Overall, the AI model from the scenario using only the real-world dataset performed best by producing the least amount of error.

For the next phase of the research, the team transferred the AI model to Dahlgren for field testing on its LWS tracking system.

“Dahlgren has our model, which we trained on the dataset collected indoors on the HBCRT and complemented with synthetic data,” says Leonardo Herrara, who runs the AI laboratory at NPS and is a faculty associate in the Department of Mechanical and Aerospace Engineering. “They can collect live data using a drone and create a new dataset to train on top of ours. That’s called transfer learning.”

Creating more data under additional conditions and of other drone types will also continue at NPS. Just because the AI model is already trained on a Reaper doesn’t mean it’s reliable for other drones. But even before the AI model can be deployed, it must first be integrated into Dahlgren’s tracking system.

“We now have the model running in real-time inside of our tracking system,” says Eric Montag, an imaging scientist at Dahlgren and leader of a group that developed an LWS tracking system currently in use by High Energy Laser Expeditionary (HELEX), which is an LWS mounted on a land-based demonstrator.

“Sometime this calendar year, we’re planning a demo of the automatic aimpoint selection inside the tracking framework for a simple proof of concept,” Montag adds. “We don’t need to shoot a laser to test the automatic aimpoint capabilities. There are already projects—HELEX being one of them—that are interested in this technology. We’ve been partnering with them and shooting from their platform with our tracking system.”

When field testing occurs, HELEX will start tracking from radar cues and use pose estimation to automatically select an aimpoint. The tracking system of HELEX will be semi-autonomous. So, instead of manually controlling aspects of the tracking system from in-the-loop, the operator will oversee it from on-the-loop.

Besides LWS, this research also opens other possibilities for use throughout the fleet. Tracking systems across other platforms could also see potential benefit from this type of AI-enabled automation. At a time when shipboard defenses can be threatened by massive waves of drones, missiles and rockets, a jump in the efficiency of determining friend or foe, and engaging hostile threats, could be a game-changer to speed decision-advantage.

MIL Security OSI –

February 14, 2025
MIL-OSI: NANO Nuclear Energy to be Included in MSCI USA Index as of February 28, 2025

Source: GlobeNewswire (MIL-OSI)

New York, N.Y., Feb. 13, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, is pleased to announce that it has been included in the MSCI USA Index, effective as of February 28, 2025, following the February index review by MSCI Inc.

The MSCI USA Index is a part of the MSCI Global Small Cap Indexes, which capture small cap representation across 23 Developed Market countries. The index covers approximately 14% of the free float-adjusted market capitalization in each country. MSCI is a leading provider of decision support tools and services for the global investment community, backed by over 50 years of expertise in research, data, and technology. Widely recognized by international financial markets and referenced by global investment institutions, MSCI’s stock indexes cover high-performing, high-potential companies.

“Our addition to the MSCI US Index is a validation of our business approach and trajectory as we continue to build upon a great 2024, during which our company was the top performing initial public offering in the U.S.,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “We believe this will also significantly enhance our visibility and accessibility among capital markets and institutional investors worldwide. This continued global access will play a part to reinforce our position as a leading innovator in the advanced nuclear energy technology sector.”

Figure 1 – NANO Nuclear Energy Inc. Announces its Inclusion in the MSCI USA Index, effective February 28, 2025.

“Building on a strong 2024 for NANO Nuclear, we’re thrilled to begin 2025 with our inclusion in the MSCI USA Index,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “This milestone reflects the market’s growing appetite for next-generation nuclear energy technologies and endorses our strategic growth initiatives. We are eager to build on this achievement in the coming months.”

About NANO Nuclear Energy, Inc.

NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors. NANO Nuclear is also developing patented stationary KRONOS MMR^™ Energy System and space focused, portable LOKI MMR^™.

Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR^™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

For more corporate information please visit: https://NanoNuclearEnergy.com/

For further NANO Nuclear information, please contact:
Email: IR@NANONuclearEnergy.com
Business Tel: (212) 634-9206

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Cautionary Note Regarding Forward Looking Statements

This news release and statements of NANO Nuclear’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. In this press release, forward-looking statements include those related to the anticipated benefits of being included in the MSCI USA Index as described herein. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

Attachment

The MIL Network –

February 14, 2025
MIL-OSI: The Now Corporation (OTC: NWPN) Reduces Debt by $5 Million in Exchange for Off-Road EV Design and Announces Website Revamp
Source: GlobeNewswire (MIL-OSI)

Key Points:

Financial Strength & Debt Reduction
- Debt Reduction of $5 Million: The Now Corporation (OTC: NWPN) has significantly improved its financial position by reducing $5 million in convertible debt.
- Strategic Agreement with Medican Enterprises Inc.: Debt was exchanged for the research, development, and design of an advanced off-road electric vehicle.
Off-Road EV Innovation
- Cutting-Edge Electric Vehicle Development: The new EV will feature a quad-motor configuration, solid-state battery technology, adjustable air suspension (24 inches of clearance), and superior off-road capabilities.
- Green Rain Solar’s Expertise: The Now Corporation’s subsidiary, Green Rain Solar Inc., will lead the R&D, leveraging its strength in renewable energy and battery management.
Profit-Sharing Partnership
- 50/50 Revenue Split: Medican Enterprises Inc. retains ownership of the brand and IP, while The Now Corporation leads development. Net profits from commercial sales will be split evenly.
Corporate Digital Expansion
- Website Revamp & Enhanced Online Presence: The Now Corporation is launching a fully redesigned corporate website (www.greenrainenergy.com) within 24 hours to provide investors and stakeholders with streamlined access to company updates.
Strategic Vision & Industry Impact
- Commitment to Renewable Energy & EV Technologies: The Now Corporation aims to revolutionize off-road EVs by integrating solar-powered innovations and sustainable energy solutions through Green Rain Solar.
- Market Leadership in Urban & Grid-Connected Solar Solutions: The company specializes in urban rooftop solar installations and advanced battery storage for high-energy-cost regions.
PASADENA, Calif., Feb. 13, 2025 (GLOBE NEWSWIRE) — The Now Corporation (OTC: NWPN) (“Now” or the “Company”) is pleased to announce a significant improvement in its financial position by reducing its outstanding debt by $5 million. This milestone has been achieved through a strategic agreement with Medican Enterprises Inc. (“Medican”), further strengthening the Company’s commitment to innovation in the renewable energy and electric vehicle (EV) sectors.

Under the terms of the agreement, The Now Corporation has exchanged $5 million of convertible debt in consideration for the research, development, and design of an advanced off-road electric vehicle. This cutting-edge EV is being engineered to surpass current market offerings, featuring a quad-motor configuration, solid-state battery technology, an adjustable air suspension system with up to 24 inches of clearance, and superior off-road capabilities designed for extreme terrains.

Green Rain Solar: Powering the Future of EV Innovation

The Now Corporation, through its wholly owned subsidiary Green Rain Solar Inc., possesses the technical expertise and experienced engineering team necessary to complete the design of this state-of-the-art off-road EV. Green Rain Solar is an industry leader in sustainable energy solutions, specializing in solar-powered innovations and energy grid integration. The subsidiary’s deep-rooted knowledge in advanced energy storage, battery management systems, and renewable power applications positions The Now Corporation as a formidable player in the electric mobility space.

“The completion of this agreement strengthens our balance sheet while positioning The Now Corporation as an innovator in the off-road EV market,” said Alfredo Papadakis, CEO of The Now Corporation. “Through our subsidiary Green Rain Solar, we have assembled a world-class team with the expertise to bring this revolutionary vehicle to life. This project represents a bold step toward integrating cutting-edge electric vehicle technology with sustainable energy solutions.”

As part of the agreement, Medican Enterprises Inc. will retain full ownership of the EV’s brand, intellectual property, and proprietary technologies, while The Now Corporation, through Green Rain Solar, will lead the research and development efforts necessary to complete the vehicle’s design.

Profit-Sharing Agreement:

Once the off-road EV is fully developed, produced, and commercially sold, all net profits will be equally divided (50%/50%) between The Now Corporation and Medican Enterprises Inc.. This profit-sharing structure ensures that both parties benefit from the success of the vehicle while reinforcing The Now Corporation’s commitment to long-term value creation.

Corporate Website Revamp: New Online Presence Goes Live

In addition to this major debt reduction and development initiative, The Now Corporation is excited to announce the full revamp of its corporate website, www.greenrainenergy.com. The newly designed website will provide investors, stakeholders, and customers with enhanced access to information about the Company’s projects, ongoing developments, and strategic vision. The website is scheduled to go live within the next 24 hours.

A Strong Future for The Now Corporation

The Now Corporation remains committed to pioneering advancements in renewable energy and electric vehicle technologies. The Company believes that leveraging its expertise through Green Rain Solar will allow it to set new industry standards for sustainable off-road transportation. Additional updates on the EV project and other strategic initiatives will be provided as developments progress.

About The Now Corporation:

The Now Corporation (OTC: NWPN) is committed to advancing clean energy solutions through its subsidiary, Green Rain Solar Inc. Green Rain Solar focuses on urban rooftop solar installations and grid-connected power solutions, targeting markets with high energy costs. By combining state-of-the-art solar and battery technologies, The Now Corporation is dedicated to driving innovation and sustainability in the renewable energy sector.

About Green Rain Solar Inc.:

Green Rain Solar Inc., a subsidiary of The Now Corporation (OTC: NWPN), is a solar energy utility company specializing in urban solar energy and grid integration. The company develops innovative rooftop solar projects to transform sunlight into grid-connected power, promoting sustainable energy solutions for high-cost urban areas.

Legal Notice Regarding Forward-Looking Statements

This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. This includes the possibility that the business outlined in this press release may not be concluded due to unforeseen technical, installation, permitting, or other challenges. Such forward-looking statements involve risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of The Now Corporation to differ materially from those expressed herein. Except as required under U.S. federal securities laws, The Now Corporation undertakes no obligation to publicly update any forward-looking statements as a result of new information, future events, or otherwise.

For press inquiries, please contact:
Michael Cimino
Michael@pubcopr.com

The MIL Network –
February 14, 2025
MIL-OSI Global: Trump and Maduro refresh a complex relationship governed by self-interest and tainted by Venezuela election fraud

Source: The Conversation – USA – By Paul Webster Hare, Master Lecturer and Interim Director of Latin American Studies, Boston University

Venezuelan President Nicolas Maduro with Richard Grenell, President Donald Trump’s special envoy, in Caracas, Venezuela, on Jan. 31, 2025. Venezuela’s presidential press office, via AP

In 2019, President Donald Trump recognized then-Venezuelan opposition leader Juan Guaidó as the country’s interim leader over Nicolás Maduro, who has ruled the country since 2013.

The policy, which led Venezuela to officially sever ties with the United States, was consistent with the first Trump administration’s policy of maximum pressure and a desire for regime change when it came to the socialist government in Caracas.

Fast forward six years: The early days of Trump’s second administration has seen the U.S. president negotiate with Maduro over the release of detained Americans and an apparent willingness from Venezuela to receive hundreds of thousands of its nationals being deported from the U.S.

As a diplomat who served in Venezuela and knew Maduro’s predecessor and mentor, Hugo Chavez, I detect a subtle shift in the evolving Trump administration’s policy toward Venezuela. It’s true that the administration retains a strong dose of the anti-Maduro posture it held last time, particularly in light of Maduro’s widely denounced election fraud in 2024 and an undercurrent of antipathy in Washington toward left-wing authoritarianism in Latin America.

But U.S.-Venezuela relations under a second Trump term are subject to other factors and dynamics, including Trump’s desire to be known for deal-making and the fulfillment of his campaign promise to deport immigrants back to Latin America. At the same time, Trump needs to balance satisfying anti-Maduro voices in his coalition with not pushing Venezuela further toward China, a country all too willing to exert greater influence in parts of Latin America.

Deal-making and immigration

So far, the second Trump’s administration seems to be sticking to the line of not officially recognizing Maduro and preferring his departure from the scene. It has kept sanctions on the country intact and continues to recognize Maduro’s opponent, Edmundo González, as the legitimate president-elect.

But that hasn’t stopped the administration from pursuing negotiations. In late January, Trump’s envoy Richard Grenell visited Caracas to secure the release of six Americans accused by Venezuela of plotting to destabilize the country. Trump subsequently announced that Maduro would accept repatriation of deportations of Venezuelans in the U.S. The U.S. administration also revoked the Temporary Protected Status, a categorization prioritized by President Joe Biden, for hundreds of thousands of people who fled Maduro’s Venezuela.

On Feb. 10, two Venezuelan planes returned home from the U.S with nearly 200 deported Venezuelan nationals, a signal that negotiations between the two nations were more than just optics. But news that the Trump administration has sent Venezuelan detainees to a U.S. military camp at Guantanamo Bay in Cuba – and is trying to send more – could yet prove a thorn in the side of any diplomatic thaw.

Regardless, the shift in stance on Venezuela has raised eyebrows among some Republicans and Democrats alike. Their concern is that Grenell’s visit – and overtures from the White House – gives Maduro’s regime a veneer of legitimacy.

But so long as Trump feels Venezuela under Maduro is useful to his aims of deportations, other U.S. issues with the government in Caracas are, I believe, likely to remain of secondary importance.

Rhetoric vs. reality

The complicated dynamic of two men, ideologically opposed but aware of the other’s usefulness, is reciprocated by Maduro. The Venezuelan leader congratulated Trump on his election victory in November, and he appears to treat his more powerful adversary with some pragmatism. But Maduro also remains willing to take a strident line rhetorically, even suggesting that Venezuela might “liberate” Puerto Rico if the U.S. keeps meddling with Venezuela’s affairs.

Rhetoric aside, Maduro – as evidenced by his apparent willingness to deal with the new administration on hostages and immigration – is likely to pursue self-interest where possible. And he will be well aware that the survival of his rule may be tied with his country’s economic situation.

Venezuela has been hit hard by U.S. sanctions that have been in place since 2017.

The level of poverty in the country is estimated to be around 80% of the population. This bleak economic picture is improving slowly but is still hampered by sluggish oil production despite having vast reserves.

Under Biden, the U.S. granted some exemptions for oil companies to work in Venezuela despite sanctions, helping the struggling export industry to recover some of its lost productivity.

Maduro will want to see where he can work with the Trump team to continue such allowances and avoid a full embargo. But recent noises coming from the administration have been mixed on this front. On Jan. 20, Trump suggested that he may pull the plug on Venezuelan oil exports to the U.S. “We don’t have to buy their oil. We have plenty of oil for ourselves,” he said.

Such a move would be a severe blow to Venezuela’s economy, which has benefited from increased exports to the U.S. in recent years. But the move will likely face resistance from oil producers like Chevron, the American company that has a license to operate in Venezuela.

Election fraud and beyond

It’s plausible Trump will be swayed by the elements of his base or administration who view Venezuela primarily in terms of a socialist authoritarian adversary to be defeated.

In 2024, Maduro pulled off one of Latin America’s great election frauds. Computer printouts had shown the opposition campaign of González and Maria Corina Machado won the July election by a landslide. And yet, Maduro declared himself the winner with no evidence.

Many in Trump’s circle viewed the fraudulent election as another reason for being hawkish toward the nation – a position that takes in both ideological and electoral considerations.

Trump knows there is a strong base of anti-communist Venezuelans in Florida who want to be tough on the Cuban-aligned government of Maduro. The new U.S. administration’s deportation policy has already concerned some among this strongly Trump voting base; any relaxation on Maduro could be seen as a further “betrayal.”

And Trump has appointed several people who have long been critical of Maduro, including his national security adviser, Mike Waltz, and Secretary of State Marco Rubio.

Rubio, in particular, is a longtime critic of any accommodation with Venezuela. He has spoken to opposition leaders, called González the legitimate president, blasted any relaxation of sanctions and, during his confirmation hearing, labeled Maduro’s government “a narco-trafficking organization.”

U.S. Secretary of State Marco Rubio, right, oversees a ‘seized’ sign being placed on a Venezuelan government airplane on Feb. 6, 2025.
Mark Schiefelbein/AFP via Getty Images

And while U.S. envoy Grenell has been shaking hands with Maduro, Rubio has been seizing the Venezuelan leader’s aircraft. On Feb. 6, the U.S. secretary of state personally oversaw its confiscation while visiting the Dominican Republic, where it had been impounded since last year.

Competition with China

During his first administration, Trump failed in his efforts to encourage the replacement of Maduro.

In any case, the Venezuelan government under Maduro, like Chavez before him, has shown itself capable of withstanding U.S. pressure.

Throwing a further wrinkle to any U.S. intentions of influencing the future of Venezuela is the role China has taken on in the country and Maduro’s increasing closeness with Beijing. In contrast to leaders in the West, China’s president, Xi Jinping, congratulated Maduro following the latter’s claim of victory in 2024. China is the leading importer of Venezuelan crude oil and has signed a series of bilateral trade and tourism pacts that have provided Maduro an economic lifeline.

To some U.S. hawks, China’s influence with Maduro represents a breach of a long-standing vision of the U.S. as a regional hegemony, as envisioned by the Monroe Doctrine. Yet other voices within the administration – including Trump, who has spoken positively about diplomatic overtures to Beijing, or Elon Musk, who has extensive business interests in China – view the country in far different terms than predecessors.

Ultimately, whatever path Trump chooses on relations with Venezuela is likely to be conditioned on what factions win out in his administration and which political constituencies the president is most keen to please.

Paul Webster Hare does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. Trump and Maduro refresh a complex relationship governed by self-interest and tainted by Venezuela election fraud – https://theconversation.com/trump-and-maduro-refresh-a-complex-relationship-governed-by-self-interest-and-tainted-by-venezuela-election-fraud-248275

MIL OSI – Global Reports –

February 14, 2025
MIL-OSI United Kingdom: New report highlights key sources of air pollution in Oxford
Source: City of Oxford

A new report has been published by Oxford City Council, providing a breakdown of the key sources of air pollution in the city.
The Oxford Source Apportionment report, which was conducted by Ricardo Group, highlights that road transport remains the highest contributor to NOx emissions, while domestic wood burning is the largest contributor to particulate pollution (PM2.5) in the city.

The report examines the contributions of different sectors to air pollution in Oxford (transport, domestic combustion, point sources, other transport, and other emissions), focusing on nitrogen oxides (NOX – a combination of nitric oxide (NO) and nitrogen dioxide (NO2)) and fine particulate matter (PM2.5 and PM10).

The report is based on air pollution data measured in 2022, as well as modelling on the impact of the introduction of 159 electric buses in Oxford through the Government’s ZEBRA scheme.

The report found that while road transport remains the largest source of NOX pollution (32%), domestic combustion—particularly wood burning—is the leading cause of harmful PM2.5 emissions (24%).

Key findings of the report:

Road transport remains the largest contributor to NOX pollution – accounting for 32% of total NOX emissions.

Domestic combustion accounts for 26% of total NOX emissions.

Point sources (emissions from sources at a known location that can be directly mapped such as industry or commercial buildings) contribute 20% of total NOX emissions.

Other road transport (including boats, and military aircraft) accounts for 9% of total NOX emissions.

Other emissions (including rail and aircrafts, non-road mobile machinery, industry, waste, solvents, agriculture, and production processes) accounts for 13% of total NOX emissions.

Domestic wood burning is the highest contributor to PM2.5 pollution, accounting for 24% of total PM2.5 emissions.

Buses contribute 4% to total NOX emissions, reflecting a significant (28%) reduction since the previous source apportionment study, due to Oxford’s transition to electric buses.

Road Transport

Road transport remains the largest single contributor to NOX pollution, with diesel vehicles dominating emissions:

Cars (petrol and diesel) account for 48% of total NOX emissions.

Heavy Goods Vehicles (HGVs) account for 19%.

Light Goods Vehicles (LGVs) account for 26%.

Buses contribute 4% to total NOX emissions, reflecting a significant (28%) reduction since the previous source apportionment study, due to Oxford’s transition to electric buses.

Private hire and Hackney taxis account for 2%.

Since the previous Source Apportionment Study, road transport NOX emissions have dropped from 40% to 32%, primarily due to the introduction of electric buses under the government’s ZEBRA scheme. Buses now contribute to 4% to total NOX emissions in the city.

Since the previous Source Apportionment Study, road transport NOX emissions have dropped from 40% to 32%, primarily due to the introduction of electric buses under the government’s ZEBRA scheme. Buses now contribute to 4% to total NOX emissions in the city.

Hotspot Locations

In addition to transport emissions across the whole city, the report also looked at pollution in three ‘hotspot’ locations – St Clement’s, Botley road and Worcester Street – which have historically seen high levels of air pollution and are key roads for vehicles to travel into and across the city.

The findings show:

Cars are the biggest contributors to NOX across all three locations.

LGVs and HGVs follow as the next most significant contributors.

Buses have seen a reduction in their contribution to NOX emissions, following the transition to electric in 2024.

Private hire taxis contribute more to NOX emissions than Hackney Carriages – with both sources combined accounting for 2% of NOX.

Domestic Combustion

The report highlights that the domestic combustion sector (which includes emissions from burning wood, coal, and gas to heat homes) is responsible for 35% of total PM2.5 emissions citywide – with wood burning alone accounting for 25%.

When looking at the specific sources of PM2.5 within the domestic combustion sector:

Wood burning accounts for 70% of all PM2.5 emissions relating to domestic combustion.

Commercial heating (in businesses and institutions) contributes 15%.

Gas and coal (domestic others) burning contributes 14%.

Smokeless fuels account for just 1%.

Other sources of emissions

Other sources of NOX emissions in Oxford includes:

Point sources (such as industry and commercial buildings) contribute 20% of total NOX emissions.

Other road transport (including boats, and military aircraft) accounts for 9% of total NOX emissions.

Other emissions (including rail and aircrafts, non-road mobile machinery, industry, waste, solvents, agriculture, and production processes) account for 13% of total NOX emissions.

There is no safe level of air pollution

In Oxford, the main pollutant of concern is nitrogen dioxide (NO2). Over the past few years, Oxford’s air quality has improved significantly, and since the introduction of the city’s current Air Quality Action Plan in 2021, NO2 levels across Oxford have seen a 18% average reduction.

Oxford is currently in compliance with the UK’s legal limit for NO2 in all areas of ‘relevant exposure’ within the city (40 µg/m³). However, there is ultimately no safe level of NO2 exposure.

In September 2021 the World Health Organization (WHO) recommended a much ‘safer’ annual mean level of NO2 of 10 µg/m³. Under its current Air Quality Action Plan, which was established in January 2021, Oxford has set its own voluntary annual mean target for NO2 of 30 µg/m³) to be achieved across the city by 2025.

Next Steps

The report will inform the Council’s upcoming Air Quality Action Plan, which will be updated in 2026 following public consultation later this year.

An Air Quality Action Plan (AQAP) outlines the actions that the Council and its partners will take to improve air quality in Oxford within a certain period of time.The Council’s current Air Quality Action Plan can be read here.

For more information on air quality in Oxford, visit the Council’s Air Quality pages.

Comment

“This latest source apportionment study shows us to the key sources of toxic air pollution in Oxford, and what areas we need to focus on to improve air pollution across the city.

“We can see that there has been a significant reduction in the contribution of buses to NOX levels following the introduction of the 159 electric bus fleet. However, cars remain the largest contributor to this pollution.

“The report also highlights that we must address the growing issue of domestic wood burning, which is now the largest source of harmful PM2.5 pollution in Oxford. Many people may not realise that even modern wood stoves produce dangerous emissions. By reducing wood burning and supporting zero-emission transport, we can continue to improve Oxford’s air quality for everyone.”

Councillor Anna Railton, Deputy Leader and Cabinet Member for Zero Carbon Oxford, Oxford City Council

“The modelled impact that the new fleet of electric buses is having on air quality in Oxford in such as short space of time is remarkable. We are incredibly proud to have put together the successful bid alongside the bus companies to bring them to the city, and this new report shows why it was such an important initiative in creating a cleaner, greener county.”

Councillor Andrew Gant, Oxfordshire County Council’s Cabinet Member for Transport Management

“We’re proud of the massive step change in emissions buses have delivered in Oxford over the last decade to help provide radically cleaner air for the communities we serve.

“This has been sustained over several years with the move to ultra-low emission vehicles and more recently zero emission vehicles, following significant investment by both companies.

“However, overall Oxford’s air is not benefitting as much as it could be due to the steadily increasing proportion of car and van emissions. The data clearly demonstrates that it’s vital for Oxford’s health that suitable measures are introduced to help reduce the volume of private vehicles on the city’s roads to achieve even greater improvements in air quality.”

Luke Marion, Managing Director of Oxford Bus Company
MIL OSI United Kingdom –
February 14, 2025
MIL-OSI USA: Petroleum liquids supply growth driven by non-OPEC+ countries in 2025 and 2026

Source: US Energy Information Administration

In-depth analysis

February 13, 2025

We forecast that worldwide production of petroleum and other liquids in 2025 and 2026 will grow more in non-OPEC+ countries than in OPEC+ countries in our February Short-Term Energy Outlook (STEO). We estimate that total world petroleum and other liquids supply increased by about 0.6 million barrels per day (b/d) in 2024 and will increase by 1.9 million b/d in 2025 and 1.6 million b/d in 2026. Increasing crude oil production from four countries in the Americas—the United States, Guyana, Canada, and Brazil—drives this growth. Because of ongoing production restraint among OPEC+ countries, we forecast the group’s production to grow by 0.1 million b/d in 2025 and 0.6 million b/d in 2026.

Global petroleum liquids production outside of OPEC+ grew by 1.8 million b/d in 2024 and grows by 1.8 million b/d in 2025 and 1.0 million b/d in 2026 in our forecast. We forecast production will grow from 2024 to 2026 by 0.5 million b/d in Canada, 0.3 million b/d in Guyana, and 0.3 million b/d in Brazil. Most of the forecast growth comes from the United States, where we expect production to grow by 1.1 million b/d over the same period.

The United States continues to produce more crude oil and petroleum liquids than any other country. U.S. crude oil production increased to 13.2 million b/d in 2024 due partly to improved efficiency with fewer rigs. We expect production of petroleum liquids in the United States to increase by 0.6 million b/d in 2025 and by 0.5 million b/d in 2026. The Permian region accounts for about 50% of U.S. crude oil production of 13.7 million b/d in 2026 in our forecast. Further, the growth in the Permian offsets contractions in other regions.

In 2024, Canada was the fourth-largest oil producing nation, trailing only the United States, Saudi Arabia, and Russia. We forecast production of petroleum and other liquids to grow in Canada by 0.3 million b/d in 2025 and 0.2 million b/d in 2026, starting at 6.0 million b/d in 2024. Production growth in Canada is supported by the start-up of the Trans Mountain Pipeline expansion that transports oil to Canada’s West Coast for access to export markets from landlocked Alberta.

We expect producers in Brazil to add new Floating Production Storage and Offloading (FPSO) units to existing fields in the Santos Basin. The Alexandre de Gusmão will be the fifth FPSO installed at the Mero field and will begin production in mid-2025. Also in 2025, the FPSOs Almirante Tamandaré and P-78 in the Búzios field in the Santos Basin plan to begin operations. We forecast that these new projects will increase petroleum liquids production in Brazil by 0.1 million b/d in 2025 and 0.2 million b/d in 2026.

We forecast that petroleum liquids production in Guyana will increase by 0.2 million b/d in 2025 and 0.1 million b/d in 2026, driven by the start-up of the Yellowtail project within the Stabroek block. The development of the Stabroek block includes three projects, Yellowtail, Uaru, and Whiptail, where we expect the combined production capacity to reach approximately 1.3 million b/d by the end of 2027.

Production from OPEC+ members accounted for 47% (35.7 million b/d) of global crude oil production in 2024. We forecast that OPEC+ crude oil production will increase by 0.1 million b/d in 2025 as the group gradually increases production in line with the timeline agreed to at the meeting held in December 2024. In addition, the voluntary cuts of 2.2 million b/d that were announced in November 2023 will be extended until the end of March 2025 and then gradually phased out by the end of September 2026. The additional voluntary production cuts of 1.65 million b/d that were announced in April 2023 were extended until the end of December 2026.

We expect OPEC+’s share of global oil production to decrease by one percentage point to 46% in 2025 and 2026, compared with 53% in 2016 when the expanded group was initially formed. OPEC’s surplus crude oil production capacity was 4.6 million b/d in 2024, 103% (2.3 million b/d) more than in 2019.

Saudi Arabia is the largest oil producer in OPEC by volume, representing about a third of the group’s total supply. In 2024, Saudi Arabia produced 9.0 million b/d, down 13% (1.4 million b/d) compared with 2022—before OPEC+ announced the extension of its additional voluntary cuts.

Among the OPEC+ members, Russia was the largest crude oil producer in 2024, averaging 9.2 million b/d. After Russia and Saudi Arabia, the largest producers by volume were Iraq (4.4 million b/d), the United Arab Emirates (2.9 million b/d), and Kuwait (2.5 million b/d).

Principal contributor: Kenya Schott

MIL OSI USA News –

February 14, 2025
MIL-OSI: Expand Energy Corporation Appoints Dan Turco Executive Vice President, Marketing & Commercial

Source: GlobeNewswire (MIL-OSI)

OKLAHOMA CITY, Feb. 13, 2025 (GLOBE NEWSWIRE) — Expand Energy Corporation (NASDAQ: EXE) (“Expand Energy”) today announced that Dan Turco has been appointed Executive Vice President, Marketing & Commercial, effective February 18, 2025.

“With nearly two decades of experience in global upstream natural gas marketing and trading, Dan is a key addition to our team as we work to expand energy access to markets in need and grow our customer base to power, industrial and LNG markets,” said Nick Dell’Osso, Expand Energy’s President and Chief Executive Officer. “His leadership will be instrumental in building a world-class marketing organization to capitalize on our role as the leading natural gas producer in the United States.”

“Expand Energy has a bold vision to address global energy insecurity, and I am honored to join the team as they lead the industry in this effort,” Turco said. “I believe this company, given its team, portfolio and financial strength, is uniquely positioned to deliver affordable, reliable, lower carbon energy to meet growing domestic and international demand.”

Prior to joining Expand Energy, Mr. Turco spent nearly 20 years with ExxonMobil in various leadership roles in upstream natural gas marketing and trading, spanning LNG, U.S., Europe and Asia gas markets. Most recently, he served as Head of Global LNG Trading / Head of Asia Gas & Power Marketing in Singapore. Mr. Turco earned an MBA from Wilfrid Laurier University (Canada) and an Honors Bachelor of Applied Science, Civil Engineering & Management Science from the University of Waterloo (Canada).

About Expand Energy
Expand Energy Corporation (NASDAQ: EXE) is the largest independent natural gas producer in the United States, powered by dedicated and innovative employees focused on disrupting the industry’s traditional cost and market delivery model to responsibly develop assets in the nation’s most prolific natural gas basins. Expand Energy’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its scale, financial strength and operational execution. Expand Energy is committed to expanding America’s energy reach to fuel a more affordable, reliable, lower carbon future.

Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements relating to Expand Energy marketing organization and customer base, as well as statements reflecting expectations, intentions, assumptions or beliefs about future events and other statements that do not relate strictly to historical or current facts. Forward-looking statements often address our expected future business, financial performance and financial condition, and often contain words such as “expect,” “could,” “may,” “anticipate,” “intend,” “plan,” “ability,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “guidance,” “outlook,” “opportunity” or “strategy.” The absence of such words or expressions does not necessarily mean the statements are not forward-looking. Although Expand Energy’s management believes the expectations reflected in such forward-looking statements are reasonable, they are inherently subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond Expand Energy’s control. No assurance can be given that such forward-looking statements will be correct or achieved or that the assumptions are accurate or will not change over time. Particular uncertainties that could cause Expand Energy’s actual results to be materially different than those expressed in such forward-looking statements include commodity price volatility and other factors described in Expand Energy’s Annual Report on Form 10-K for the year ended December 31, 2023, Expand Energy’s Quarterly Reports on Form 10-Q and other documents that Expand Energy files with the SEC. For a discussion of these risks, uncertainties and assumptions, investors are urged to refer to Expand Energy’s documents filed with the SEC that are available through Expand Energy’s website at www.expandenergy.com or through EDGAR at www.sec.gov. We caution you not to place undue reliance on the forward-looking statements contained in this release, which speak only as of the date of the release, and we undertake no obligation to update this information. We urge you to carefully review and consider the disclosures in this release and our filings with the SEC that attempt to advise interested parties of the risk and factors that may affect our business.

INVESTOR CONTACT: MEDIA CONTACT:

Chris Ayres Brooke Coe

(405) 935-8870 (405) 935-8878

ir@expandenergy.com media@expandenergy.com

The MIL Network –

February 14, 2025
MIL-OSI Economics: Thales, Amelia and Breakthrough Energy Contrails launch one of world’s largest Contrail Avoidance campaigns
Source: Thales Group

Headline: Thales, Amelia and Breakthrough Energy Contrails launch one of world’s largest Contrail Avoidance campaigns

13 Feb 2025

Share this article
- Thales, in collaboration with the airline Amelia, and Breakthrough Energy Contrails, announces the large-scale deployment of a contrail avoidance solution, which has already been tested on the flight routes from Paris and Valladolid (Spain). Contrails are one the major challenges in the ecological transition in aviation and this initiative has helped avoid more than 20 tonnes of CO2 equivalent (CO2eq) in 2024, reducing the climate impact¹ of each flight by up to 40%.
- By modifying the altitude of the planes rather than their lateral trajectory, the solution optimizes flight plans and thus limits the potential overconsumption of fuel to under 3%. Amelia plans to further expand this initiative in 2025, progressively applying it to most of its eligible flight operations, making this experiment one of the largest in the world.
- With this solution, Thales, a key player in more sustainable aviation, offers a systematic approach that can be quickly integrated by all airlines, seeking to reduce their environmental impact as of today.
Embraer ERJ145 © Nuno SELETTI” id=”image-1c147064-50ec-4ee9-986b-d5d9003dca99″ data-id=”1c147064-50ec-4ee9-986b-d5d9003dca99″ data-original=”https://cdn.uc.assets.prezly.com/1c147064-50ec-4ee9-986b-d5d9003dca99/-/inline/no/%28c%29+Nuno+SELETTI.png” data-mfp-src=”https://cdn.uc.assets.prezly.com/1c147064-50ec-4ee9-986b-d5d9003dca99/-/resize/1200x/-/format/auto/” alt=”Embraer ERJ145 © Nuno SELETTI”/>
Embraer ERJ145 © Nuno SELETTI

Thales, in partnership with Amelia and Breakthrough Energy Contrails, takes a major step towards more environmentally friendly aviation, by implementing an innovative contrail avoidance solution.

Since June 2024, Thales’ contrail avoidance solution has been deployed on all Paris-Valladolid flights operated by Amelia, using Embraer ERJ145 aircraft. This initiative is part of the DECOR project, supported by France’s 2030 investment plan.

Contrails, the artificial clouds produced by aeroplanes, trap heat from the sun, playing a role similar to that of greenhouse gases and thus significantly contributing to global warming. The impact of contrails can represent a significant part of the total climate footprint of aviation, rivalling even that of CO2.

By integrating its solution with Amelia’s Operational Control Center (OCC) tools, Thales enables OCC operations agents to directly obtain alternative trajectories to their flight plans, combining controlled operational impact and a significant reduction in contrails.

When a significant impact of contrails is detected, the Thales solution, Flights Footprint, suggests flight alternatives that allow for a significant reduction in climate impact, with a minimum average decrease of up to 40% in the total climate impact of the flight. This flight optimization relies solely on adjustments to the aircraft’s altitude, without changing their route, which helps to keep additional fuel consumption to below 3%.

Yannick Assouad, Executive Vice-President, Avionics, Thales said: “Thales’ contrail avoidance solution is a first for France. It is fully aligned with Thales’ strategy aiming to transform the aerospace industry towards a more environmentally-friendly future through technology, for more sustainable and responsible aviation”.

Based on proven scientific principles, this innovative solution utilizes the latest weather forecasts and the most advanced climate models provided by Breakthrough Energy Contrails to optimize the flight plan. At the end of each flight, these climate models, enriched by meteorological reanalysis data, are applied to the actual flight path of the aircraft to assess the effectiveness of avoiding contrail formation areas. Additionally, the installation of a ground camera, supplied by Reuniwatt, enables the solution’s effectiveness to be validated through the direct observation of contrails, thanks to the analyses conducted in partnership with the digital services company SII.

This project has prevented an average of more than 4 tons of CO2 equivalent (CO2eq) per flight, initially affected by contrails. Amelia has decided to extend this system to eligible flights in 2025, becoming the first airline to systematically implement a contrail avoidance approach.

Adrien Chabot, Director of Sustainable Development at Amelia said: “Taking condensation trails into account allows for the analysis of the total climate impact of our operations and thus a better optimization of them. The challenge is to significantly and quickly reduce our impact on climate change by continuing the deployment of the Thales solution initiated in 2022. Today, it is probably one of the most promising approaches in terms of cost/benefit regarding climate impact.”

This solution, accessible and easily deployable, creates new horizons for all airlines, paving the way for more sustainable and responsible aviation on a global scale.

Matteo Mirolo, Head of Strategy at Breakthrough Energy Contrails said: “The impact of contrails on the climate, similar to that of CO2, is one of the major challenges of the ecological transition in aviation. We are delighted to collaborate with Thales to implement large-scale pilot avoidance campaigns, like this one done with Amelia, which are crucial when considering the eventual deployment of systematic avoidance measures.”

_{1 Cumulative impact of CO2 and non-CO2 effects.}

About Thales

Thales (Euronext Paris: HO) is a global leader in advanced technologies specialized in three business domains: Defence & Security, Aerospace, and Cyber & Digital.

It develops products and solutions that help make the world safer, greener and more inclusive.

The Group invests close to €4 billion a year in Research & Development, particularly in key innovation areas such as AI, cybersecurity, quantum technologies, cloud technologies and 6G.

Thales has close to 81,000 employees in 68 countries. In 2023, the Group generated sales of €18.4 billion.

About Amelia

A major player in the aviation industry in Europe and Africa since 1976, Amelia is a French aeronautics group that ensures flight operations and the monitoring and maintenance of its aircraft.

Amelia’s fleet, consisting of 18 aircraft, meets the needs of its various activities, chartering on behalf of major international airlines, medical evacuations, and charter flights.

Amelia is a member of IATA since November 2022, endorsing the wider Fly Net Zero commitment to reach net zero emissions by 2050.

Press contact : communication@flyamelia.com

About Breakthrough Energy Contrails

Breakthrough Energy Contrails is a non-profit initiative aimed at transforming contrail research into climate action.

Partnering with academic institutions, airlines, and technology companies, the team develops forecasting and flight planning tools to help airlines avoid high-impact contrail formation.

As part of the Breakthrough Energy platform, the initiative integrates technology, operations, and policy expertise to deliver scalable solutions for a clean aviation future.

For more information, visit contrails.org.
MIL OSI Economics –
February 14, 2025

MIL-OSI Asia-Pac: THE STATUS OF IMPLEMENTATION OF THE NATIONAL ELECTRIC MOBILITY MISSION PLAN

Source: Government of India (2)

Posted On: 13 FEB 2025 5:08PM by PIB Delhi

The National Electric Mobility Mission Plan (NEMMP) 2020 provides a roadmap for the adoption and manufacturing of electric vehicles in India, aiming to enhance national fuel security and promote environmentally friendly transportation. As part of NEMMP 2020, the Ministry of Heavy Industries (MHI) implemented the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme in 2015 to promote the adoption of electric/hybrid vehicles.

Phase-I was implemented up to 31 March 2019 with a budget of ₹895 crore.
Phase-II was implemented for five years from 1 April 2019, with an outlay of ₹11,500 crore.

Further, MHI is implementing the following schemes on pan-India basis to strengthen electric vehicle (EV) ecosystem and accelerate adoption of electric vehicle in the country.

Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry in India (PLI-Auto): The Government approved this scheme on 23rd September 2021 for Automobile and Auto Component Industry in India for enhancing India’s manufacturing capabilities for advanced automotive technology (AAT) products with a budgetary outlay of ₹25,938 Crore. The scheme proposes financial incentives to boost domestic manufacturing of AAT products with minimum 50% Domestic Value Addition (DVA) and attract investments in the automotive manufacturing value chain.
PLI Scheme for Advanced Chemistry Cell (ACC): The Government on 12^th May, 2021 approved PLI Scheme for manufacturing of ACC in the country with a budgetary outlay of Rs.18,100 crore. The scheme aims to establish a competitive domestic manufacturing ecosystem for 50 GWh of ACC batteries.
PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme: This scheme with an outlay of Rs.10,900 crore was notified on 29^th September 2024. It is a two-year scheme which aims to support electric vehicles including e-2W, e-3W, e-Trucks, e-buses, e-Ambulances, EV public charging stations and upgradation of testing agencies.
PM e-Bus Sewa-Payment Security Mechanism (PSM) Scheme: This Scheme notified on 28.10.2024, has an outlay of Rs.3,435.33 crore and aims to support deployment of more than 38,000 electric buses. The objective of scheme is to provide payment security to e-bus operators in case of default by Public Transport Authorities (PTAs).
Scheme for Promotion of Manufacturing of Electric Passenger Cars in India (SPMEPCI) was notified on 15^th March 2024 to promote the manufacturing of electric cars in India. This requires applicants to invest a minimum of Rs.4150 crore and to achieve a minimum DVA of 25% at the end of the third year and DVA of 50% at the end of the fifth year.

Other Ministries of the Government of India are also taking initiatives to promote EVs such as:

Road Tax Exemption: States are advised to waive road tax on EVs to reduce their initial cost.
Green License Plates: Battery-operated vehicles are given green license plates and are exempted from permit requirements.

The progress in developing necessary infrastructure for EVs, such as nation-wide charging stations is detailed below:

Under Phase II of the FAME India Scheme, ₹1,000 crore was allocated for the development of charging infrastructure. MHI sanctioned ₹800 crore as capital subsidy to Oil Marketing Companies (OMCs) for establishing 7,432 public EV charging stations. Further, in March 2024, MHI sanctioned an additional ₹73.50 crore under FAME II to OMCs for upgrading 980 public fast charging stations by installing new chargers across the country. Subsidy of ₹51.45 crore has already been released to OMCs. In addition, 400 charging stations have also been sanctioned which were allotted through EOI to other entities in various states. Further, as per the information received from the Ministry of Petroleum & Natural Gas, as of 01.01.2025, OMCs have installed 4,523 number of EVCS at their Retails Outlets (ROs) under FAME-II Scheme out of which 251 EVCS have been energized. In addition to this, OMCs have set up 20,035 EVCS at their Retail outlet from their own funds as per details provided at Annexure.
PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme: Under this scheme, ₹2,000 crore has been allocated for installation of EV Public Charging Stations (PCS).
Ministry of Power has issued “Guidelines for Installation and Operation of Electric Vehicle Charging Infrastructure-2024”, dated 17.09.2024. These guidelines outline standards and protocols to create connected & interoperable EV charging infrastructure network, which includes Battery Swapping/Charging stations. The salient features of the guidelines are as follows:

Setting up of Charging Stations declared as a delicensed activity.
DISCOMs to provide electricity connections up to 150 kW with expedited timelines and clear Standard Operating Procedure (SOP) to charging stations.
Public land offered to Government/Public entity on a revenue-sharing model at Rs.1.0/ kWh for 10 years; and public land allocation to private entities via bidding with the same floor price (i.e. Rs.1.0 / kWh).
Public tendering involving government land for setting up of charging station shall be technology agnostic.
State Governments to ensure necessary permissions for round the clock operations.
Provision of a single-part tariff capped at Average Cost of Supply (ACoS) till 31.03.2028, with a 30% discount during solar hours and a 30% surcharge during non-solar hours.
Operators to provide data for mapping of charging stations on EV Yatra portal.

Green Energy Open Access Rules, 2022: The Ministry of Power notified these rules to accelerate renewable energy adoption, ensuring access to affordable and reliable green energy.
Amendment of Model Building Bye-Laws: The Ministry of Housing and Urban Affairs has amended building bye-laws to include charging stations in private and commercial buildings.

This information was given by the Minister of State for Steel and Heavy Industries, Shri Bhupathiraju Srinivasa Varma in a written reply in the Rajya Sabha.

*****

TPJ/NJ

-4-

ANNEXURE

Details of EVCS installed / energized by PSU OMCs in States / UTs

S. N.	State/ UTs	EV Charging Stations under FAME-II Subsidy Scheme		Total No. of EV charging stations installed by OMCs from their own funds as on 01.01.2025
S. N.	State/ UTs	No. of EV Charger installed as on 01.01.2025	No. of EV Charging Stations energized as on 01.01.2025
1	Andaman & Nicobar	0	0	6
2	Andhra Pradesh	354	20	912
3	Arunachal Pradesh	2	0	52
4	Assam	83	2	448
5	Bihar	58	2	517
6	Chandigarh	0	0	23
7	Chhattisgarh	30	1	498
8	Delhi	41	5	316
9	Goa	9	0	70
10	Gujarat	312	50	1104
11	Haryana	366	3	1068
12	Himachal Pradesh	21	0	136
13	Jammu & Kashmir	23	0	170
14	Jharkhand	116	0	349
15	Karnataka	370	3	1516
16	Kerala	208	0	679
17	Ladakh	0	0	11
18	Lakshadweep	0	0	1
19	Madhya Pradesh	154	6	1114
20	Maharashtra	431	121	1595
21	Manipur	8	0	57
22	Meghalaya	25	0	54
23	Mizoram	2	0	16
24	Nagaland	10	0	41
25	Odisha	114	0	661
26	Puducherry	7	1	27
27	Punjab	151	2	828
28	Rajasthan	351	7	1482
29	Sikkim	1	0	12
30	Tamil Nadu	444	6	1448
31	Telangana	238	1	1051
32	Tripura	1	0	55
33	Uttar Pradesh	269	10	2561
34	UT of Dadar and Nagar Haveli and Daman and Diu	3	0	12
35	Uttarakhand	41	4	212
36	West Bengal	280	7	933
TOTAL		4523	251	20035

*******

(Release ID: 2102783) Visitor Counter : 60

MIL OSI Asia Pacific News –

February 14, 2025

MIL-OSI Video: Vuk Talks season 2 episode 33

Source: Republic of South Africa (video statements-2)

Join us as we talk with the department of Minerals Resources and Energy discussing insights on small-scale mining.

https://www.youtube.com/watch?v=H9mZadCUA88

MIL OSI Video –

February 14, 2025
MIL-OSI Europe: Written question – EU relations with Azerbaijan – P-000616/2025
Source: European Parliament
Priority question for written answer P-000616/2025
to the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy
Rule 144
Laurent Castillo (PPE)

Kaja Kallas, the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy, is set to visit Armenia shortly. The EU plays a key role there through its observation mission (EUMA). This trip should be an opportunity to highlight Armenia’s sovereignty and stability in the region.

However, her regional visit could also include Azerbaijan, which raises concerns. Azerbaijani President Ilham Aliyev repeatedly threatens Armenian sovereignty and the safety of EUMA observers stationed at the Armenian-Azerbaijan border.

1.Has the visit to Azerbaijan been confirmed? If so, what message will be transmitted to that country’s officials?

2.What policy is the EU seeking to pursue with regard to Azerbaijan? Can the Vice-President / High Representative commit to standing with the Armenian people, even if it means severing ties with Azerbaijan, particularly when it comes to energy? Does she intend to suspend the 2022 Memorandum of Understanding on the Strategic Partnership in the Field of Energy between the EU and Azerbaijan?

3.What stage has been reached in the process of demarcating the border between Armenia and Azerbaijan, which the EUMA is involved in?

Submitted: 11.2.2025
Last updated: 13 February 2025
MIL OSI Europe News –
February 14, 2025

MIL-OSI Europe: Minutes – Wednesday, 12 February 2025 – Strasbourg – Final edition

Source: European Parliament

PV-10-2025-02-12

iPlPv_Sit

Minutes
Wednesday, 12 February 2025 – Strasbourg

IN THE CHAIR: Roberta METSOLA
President

1. Opening of the sitting

The sitting opened at 09:04.

2. Negotiations ahead of Parliament’s first reading (Rule 72) (action taken)

The decision of the AFET and BUDG committees to enter into interinstitutional negotiations had been announced on 10 February 2025 (minutes of 10.2.2025, item 7).

As no request for a vote pursuant to Rule 72(2) had been made, the committees responsible had been able to enter into negotiations upon expiry of the deadline.

3. Commission Work Programme 2025 (debate)

Commission statement: Commission Work Programme 2025 (2025/2500(RSP))

The President gave explanations on the conduct of the debate, as a new format was being tested.

The following spoke: Gerben-Jan Gerbrandy, on the presence of the Commission at the debate.

Maroš Šefčovič (Member of the Commission) made the statement.

The following spoke: Jeroen Lenaers, on behalf of the PPE Group, Iratxe García Pérez, on behalf of the S&D Group, Jordan Bardella, on behalf of the PfE Group, Nicola Procaccini, on behalf of the ECR Group, Valérie Hayer, on behalf of the Renew Group, Bas Eickhout, on behalf of the Verts/ALE Group, Martin Schirdewan, on behalf of The Left Group, René Aust, on behalf of the ESN Group, Tomas Tobé, Camilla Laureti, Sebastiaan Stöteler, who also answered a blue-card question from Gerben-Jan Gerbrandy, Patryk Jaki, who also answered a blue-card question from Yvan Verougstraete, Billy Kelleher, Kira Marie Peter-Hansen, who also answered a blue-card question from Tomáš Zdechovský, Pasquale Tridico, Christine Anderson, Kateřina Konečná, who also answered a blue-card question from Tomáš Zdechovský, Dolors Montserrat, Mohammed Chahim, Tamás Deutsch, who also answered a blue-card question from Martin Hojsík, Lídia Pereira, who also answered a blue-card question from João Oliveira, Gabriele Bischoff, Charlie Weimers, who also answered a blue-card question from Petras Gražulis, Gerben-Jan Gerbrandy, who also answered a blue-card question from Sander Smit, Željana Zovko, Damian Boeselager, Andrey Novakov, Yannis Maniatis, Jorge Buxadé Villalba, Adrian-George Axinia, Gordan Bosanac, Tomislav Sokol, Ana Catarina Mendes, Irene Montero, Monika Beňová, Lena Düpont, Alex Agius Saliba, Karlo Ressler, Paolo Borchia, Assita Kanko, Martin Hojsík, Angelika Niebler, Anna Bryłka, Zsuzsanna Borvendég, Elissavet Vozemberg-Vrionidi, Heléne Fritzon, Harald Vilimsky, Beata Szydło, Paulo Cunha, who also answered a blue-card question from João Oliveira, Mario Mantovani, Hannah Neumann, Li Andersson, Thomas Geisel, Nikolina Brnjac, Kathleen Van Brempt, Gilles Pennelle, Ioan-Rareş Bogdan and Marion Maréchal.

The following spoke under the catch-the-eye procedure: Michał Wawrykiewicz, Juan Fernando López Aguilar, Sebastian Tynkkynen, Hilde Vautmans, Tilly Metz, Lynn Boylan, Lukas Sieper, Sunčana Glavak, Maria Grapini, Bert-Jan Ruissen, Seán Kelly, Vytenis Povilas Andriukaitis, Thomas Bajada, Cristina Maestre and Jean-Marc Germain.

The following spoke: Maroš Šefčovič.

The following spoke: Jeroen Lenaers, who referred to the presence of the Commission at the debate.

The debate closed.

4. One year after the murder of Alexei Navalny and the continued repression of the democratic opposition in Russia (debate)

Statements by Parliament: One year after the murder of Alexei Navalny and the continued repression of the democratic opposition in Russia (2024/2526(RSP))

The President made an introductory address.

The following spoke: Sandra Kalniete, on behalf of the PPE Group, Andreas Schieder, on behalf of the S&D Group, Pierre-Romain Thionnet, on behalf of the PfE Group, Nicola Procaccini, on behalf of the ECR Group, Bernard Guetta, on behalf of the Renew Group, Sergey Lagodinsky, on behalf of the Verts/ALE Group, Martin Schirdewan, on behalf of The Left Group, and Petar Volgin, on behalf of the ESN Group.

The debate closed.

(The sitting was suspended for a few moments.)

IN THE CHAIR: Sophie WILMÈS
Vice-President

5. Resumption of the sitting

The sitting resumed at 12:05.

6. Voting time

For detailed results of the votes, see also ‘Results of votes’ and ‘Results of roll-call votes’.

6.1. VAT: rules for the digital age * (vote)

Report on the draft Council directive amending Directive 2006/112/EC as regards VAT rules for the digital age [15159/2024 – C10-0170/2024 – 2022/0407(CNS)] – Committee on Economic and Monetary Affairs. Rapporteur: Ľudovít Ódor (A10-0001/2025)

(Majority of the votes cast)

COUNCIL DRAFT

Approved by single vote (P10_TA(2025)0012)

The following had spoken:

Before the vote, Ľudovít Ódor (rapporteur) to make a statement on the basis of Rule 165(4).

(‘Results of votes’, item 1)

6.2. Administrative cooperation in the field of taxation * (vote)

Report on the proposal for a Council directive amending Directive 2011/16/EU on administrative cooperation in the field of taxation [COM(2024)0497 – C10-0169/2024 – 2024/0276(CNS)] – Committee on Economic and Monetary Affairs. Rapporteur: Aurore Lalucq (A10-0002/2025)

(Majority of the votes cast)

COMMISSION PROPOSAL AU CONSEIL

Approved by single vote (P10_TA(2025)0013)

(‘Results of votes’, item 2)

6.3. Objection pursuant to Rule 115(2) and (3): Genetically modified maize DP910521 (vote)

Motion for a resolution tabled by the ENVI Committee, in accordance with Rule 115(2) and 115(3), (B10-0061/2025) – Members responsible: Martin Häusling, Biljana Borzan, Anja Hazekamp

(Majority of the votes cast)

MOTION FOR A RESOLUTION

Adopted (P10_TA(2025)0014)

(‘Results of votes’, item 3)

6.4. Objection pursuant to Rule 115(2) and (3): Genetically modified maize MON 95275 (vote)

Motion for a resolution tabled by the ENVI Committee, in accordance with Rule 115(2) and 115(3), on the draft Commission implementing decision authorising the placing on the market of products containing, consisting of or produced from genetically modified maize MON 95275 pursuant to Regulation (EC) No 1829/2003 of the European Parliament and of the Council (D102172/03 – 2024/3011(RSP)) (B10-0060/2025) – Members responsible: Martin Häusling, Biljana Borzan, Anja Hazekamp

(Majority of the votes cast)

MOTION FOR A RESOLUTION

Adopted (P10_TA(2025)0015)

(‘Results of votes’, item 4)

(The sitting was suspended at 12:11.)

IN THE CHAIR: Martin HOJSÍK
Vice-President

7. Resumption of the sitting

The sitting resumed at 12:15.

8. Approval of the minutes of the previous sitting

The minutes of the previous sitting were approved.

9. Collaboration between conservatives and the far right as a threat to competitiveness in the EU (topical debate)

The following spoke: René Repasi to open the debate proposed by the S&D Group.

The following spoke: Adam Szłapka (President-in-Office of the Council) and Stéphane Séjourné (Executive Vice-President of the Commission).

The following spoke: Daniel Caspary, on behalf of the PPE Group, Javi López, on behalf of the S&D Group, António Tânger Corrêa, on behalf of the PfE Group, Carlo Fidanza, on behalf of the ECR Group, Billy Kelleher, on behalf of the Renew Group, Daniel Freund, on behalf of the Verts/ALE Group, Martin Schirdewan, on behalf of The Left Group, Ivan David, on behalf of the ESN Group, Lukas Mandl, Heléne Fritzon, Klara Dostalova, Jadwiga Wiśniewska, Sandro Gozi, Maria Ohisalo, Marina Mesure, Markus Buchheit, Lukas Sieper, Angelika Niebler, Katarina Barley, Anders Vistisen, Charlie Weimers, Charles Goerens, Thomas Waitz, Jussi Saramo, Erik Kaliňák, Alma Ezcurra Almansa, Mohammed Chahim, Paolo Borchia, Assita Kanko, Moritz Körner, Reinier Van Lanschot, Luis-Vicențiu Lazarus, Riho Terras, Alessandra Moretti, Ondřej Knotek, Stefano Cavedagna, Anna Stürgkh, Majdouline Sbai, François-Xavier Bellamy, Andreas Schieder, Jorge Buxadé Villalba, Cristian Terheş, Stefan Berger, Vasile Dîncu, Afroditi Latinopoulou, Thomas Pellerin-Carlin, Csaba Dömötör, Estelle Ceulemans, Jean-Paul Garraud, Tiemo Wölken and Marc Angel.

The following spoke: Stéphane Séjourné and Adam Szłapka.

The debate closed.

10. Competitiveness Compass (debate)

Council and Commission statements: Competitiveness Compass (2025/2531(RSP))

Adam Szłapka (President-in-Office of the Council) and Stéphane Séjourné (Executive Vice-President of the Commission) made the statements.

The following spoke: Christian Ehler, on behalf of the PPE Group.

IN THE CHAIR: Roberts ZĪLE
Vice-President

The following spoke: Mohammed Chahim, on behalf of the S&D Group, Tom Vandendriessche, on behalf of the PfE Group, Johan Van Overtveldt, on behalf of the ECR Group, Morten Løkkegaard, on behalf of the Renew Group, Marie Toussaint, on behalf of the Verts/ALE Group, Hanna Gedin, on behalf of The Left Group, Sarah Knafo, on behalf of the ESN Group, Markus Ferber, Gabriele Bischoff, who also answered a blue-card question from Bogdan Rzońca, Anders Vistisen, Piotr Müller, João Cotrim De Figueiredo, Ville Niinistö, Anthony Smith, Lefteris Nikolaou-Alavanos, Peter Liese, Alex Agius Saliba, Julie Rechagneux, who also answered a blue-card question from Anthony Smith, Elena Donazzan, Pascal Canfin, Sara Matthieu, Per Clausen, who also answered a blue-card question from Jadwiga Wiśniewska, Andreas Schwab, Irene Tinagli, who also answered a blue-card question from Diana Iovanovici Şoşoacă, András Gyürk, Gheorghe Piperea, Svenja Hahn, João Oliveira, Lídia Pereira, Aurore Lalucq, Jana Nagyová, Giovanni Crosetto, Anna-Maja Henriksson, Rudi Kennes, Massimiliano Salini, Ana Catarina Mendes, who also answered blue-card questions from João Oliveira and Lídia Pereira, Margarita de la Pisa Carrión, who also answered a blue-card question from Dario Nardella, Kosma Złotowski, Anna Stürgkh, Fernando Navarrete Rojas, Estelle Ceulemans, Sebastian Kruis, Dick Erixon, Jeannette Baljeu, Jens Gieseke, Jonás Fernández, Tomasz Buczek, Antonella Sberna, Oihane Agirregoitia Martínez, Tom Berendsen, Laura Ballarín Cereza, Pascale Piera, Nora Junco García, Cynthia Ní Mhurchú, Pilar del Castillo Vera, Dario Nardella, Ľudovít Ódor, Eszter Lakos and Carla Tavares.

IN THE CHAIR: Christel SCHALDEMOSE
Vice-President

The following spoke: Virgil-Daniel Popescu, Lara Wolters, Jessica Polfjärd, Delara Burkhardt, Eero Heinäluoma, Victor Negrescu and Marcos Ros Sempere.

The following spoke under the catch-the-eye procedure: Hélder Sousa Silva, Nina Carberry, Maria Zacharia, Maria Grapini and Sebastian Tynkkynen.

The following spoke: Stéphane Séjourné and Adam Szłapka.

The debate closed.

11. Composition of committees and delegations

The ECR Group had notified the President of the following decisions changing the composition of the committees and delegations:

– ITRE Committee: Diego Solier to replace Carlo Ciccioli

– PETI Committee: Chiara Gemma

The decisions took effect as of that day.

12. Need for targeted support to EU regions bordering Russia, Belarus and Ukraine (debate)

Council and Commission statements: Need for targeted support to EU regions bordering Russia, Belarus and Ukraine (2025/2532(RSP))

Adam Szłapka (President-in-Office of the Council) and Raffaele Fitto (Executive Vice-President of the Commission) made the statements.

The following spoke: Andrzej Halicki, on behalf of the PPE Group, Marcos Ros Sempere, on behalf of the S&D Group, Sebastian Tynkkynen, on behalf of the ECR Group, Ľubica Karvašová, on behalf of the Renew Group, Mārtiņš Staķis, on behalf of the Verts/ALE Group, Marcin Sypniewski, on behalf of the ESN Group, Ioan-Rareş Bogdan, Marina Kaljurand, Tobiasz Bocheński, Elsi Katainen, Michael von der Schulenburg, Andrey Novakov, Eero Heinäluoma, Georgiana Teodorescu, Eugen Tomac, Mika Aaltola, Carla Tavares, Aurelijus Veryga, Petras Auštrevičius, Riho Terras, Reinis Pozņaks, Christophe Gomart and Maciej Wąsik.

The following spoke under the catch-the-eye procedure: Seán Kelly, Juan Fernando López Aguilar, Liudas Mažylis, Vilija Blinkevičiūtė and Diana Iovanovici Şoşoacă.

The following spoke: Raffaele Fitto and Adam Szłapka.

The debate closed.

13. US withdrawal from the Paris Climate Agreement and the World Health Organisation, and the suspension of US development and humanitarian aid (debate)

Commission statement: US withdrawal from the Paris Climate Agreement and the World Health Organisation, and the suspension of US development and humanitarian aid (2025/2527(RSP))

Hadja Lahbib (Member of the Commission) made the statement.

The following spoke: Michał Szczerba, on behalf of the PPE Group, Mohammed Chahim, on behalf of the S&D Group, Ondřej Knotek, on behalf of the PfE Group, Alexandr Vondra, on behalf of the ECR Group, Barry Andrews, on behalf of the Renew Group, Michael Bloss, on behalf of the Verts/ALE Group, Jonas Sjöstedt, on behalf of The Left Group, Christine Anderson, on behalf of the ESN Group, Udo Bullmann, who also declined to take a blue-card question from Alexander Sell, António Tânger Corrêa, Anna Zalewska, Dan Barna, Ignazio Roberto Marino, Isabel Serra Sánchez, Alexander Sell, Ondřej Dostál, Tomislav Sokol, Vytenis Povilas Andriukaitis, Gerolf Annemans, Francesco Torselli, Charles Goerens, Lena Schilling, Marc Botenga, Anja Arndt, David McAllister, Tiemo Wölken, who also answered a blue-card question from Alexander Sell, Julien Sanchez, Laurence Trochu, Sigrid Friis and Isabella Lövin.

IN THE CHAIR: Antonella SBERNA
Vice-President

The following spoke: Catarina Martins, who also answered a blue-card question from Diana Iovanovici Şoşoacă, Stanislav Stoyanov, Radan Kanev, Nicola Zingaretti, Juan Carlos Girauta Vidal, Sergio Berlato, who also answered a blue-card question from Radan Kanev, Michal Wiezik, Rasmus Nordqvist, Valentina Palmisano, Milan Mazurek, Lídia Pereira, Marta Temido, who also answered a blue-card question from João Oliveira, Marieke Ehlers, who also answered a blue-card question from Nicolae Ştefănuță, Lukas Sieper on some of the remarks made by the previous speaker, Nikolas Farantouris, Sander Smit, who also answered a blue-card question from Anna Strolenberg, Antonio Decaro, Hermann Tertsch, Murielle Laurent, Roman Haider, Leire Pajín, Virginie Joron, Heléne Fritzon, Gerald Hauser, Robert Biedroń, Anne-Sophie Frigout and Aleksandar Nikolic.

The following spoke under the catch-the-eye procedure: Seán Kelly, Marit Maij, Alexander Jungbluth, Lukas Sieper, Nikolina Brnjac and Michał Wawrykiewicz.

The following spoke: Hadja Lahbib.

The debate closed.

14. Honouring the memory of Ján Kuciak and Martina Kušnírová: advancing media freedom, strengthening the rule of law and protecting journalists across the EU (debate)

Commission statement: Honouring the memory of Ján Kuciak and Martina Kušnírová: advancing media freedom, strengthening the rule of law and protecting journalists across the EU (2025/2556(RSP))

Michael McGrath (Member of the Commission) made the statement.

The following spoke: Miriam Lexmann, on behalf of the PPE Group, Ana Catarina Mendes, on behalf of the S&D Group, Juan Carlos Girauta Vidal, on behalf of the PfE Group, Małgorzata Gosiewska, on behalf of the ECR Group, Veronika Cifrová Ostrihoňová, on behalf of the Renew Group, Tineke Strik, on behalf of the Verts/ALE Group, Konstantinos Arvanitis, on behalf of The Left Group, Milan Uhrík, on behalf of the ESN Group, David Casa, Emma Rafowicz, Irena Joveva, Katarína Roth Neveďalová, Magdalena Adamowicz, Sophie Wilmès, Hristo Petrov and Laurence Farreng.

IN THE CHAIR: Esteban GONZÁLEZ PONS
Vice-President

The following spoke under the catch-the-eye procedure: Juan Fernando López Aguilar, Maria Zacharia and Lukas Sieper.

The following spoke: Michael McGrath.

The debate closed.

15. Debate on cases of breaches of human rights, democracy and the rule of law (debate)

(For the titles and authors of the motions for resolutions, see minutes of 12.2.2025, item I.)

15.1. Recent dismissals and arrests of mayors in Türkiye

Motions for resolutions B10-0100/2025, B10-0103/2025, B10-0110/2025, B10-0115/2025, B10-0119/2025, B10-0121/2025 and B10-0124/2025 (2025/2546(RSP))

Michalis Hadjipantela, Evin Incir, Malik Azmani, Vladimir Prebilič, Isabel Serra Sánchez and Sebastiaan Stöteler introduced their groups’ motions for resolutions.

The following spoke: Reinhold Lopatka, on behalf of the PPE Group, Nacho Sánchez Amor, on behalf of the S&D Group, Arkadiusz Mularczyk, on behalf of the ECR Group, Mélissa Camara, on behalf of the Verts/ALE Group, Giorgos Georgiou, on behalf of The Left Group, Nikos Papandreou and Per Clausen.

The following spoke under the catch-the-eye procedure: Geadis Geadi and Maria Zacharia.

The following spoke: Glenn Micallef (Member of the Commission).

The debate closed.

Vote: 13 February 2025.

15.2. Repression by the Ortega-Murillo regime in Nicaragua, targeting human rights defenders, political opponents and religious communities in particular

Motions for resolutions B10-0126/2025, B10-0128/2025, B10-0130/2025, B10-0131/2025, B10-0132/2025, B10-0134/2025 and B10-0135/2025 (2025/2547(RSP))

Željana Zovko, Leire Pajín, Carlo Fidanza, Oihane Agirregoitia Martínez, Diana Riba i Giner and Tomasz Froelich introduced their groups’ motions for resolutions.

The following spoke: Antonio López-Istúriz White, on behalf of the PPE Group, Francisco Assis, on behalf of the S&D Group, Davor Ivo Stier, Gabriel Mato and Francisco José Millán Mon.

The following spoke: Glenn Micallef (Member of the Commission).

The debate closed.

Vote: 13 February 2025.

15.3. Continuing detention and risk of the death penalty for individuals in Nigeria charged with blasphemy, notably the case of Yahaya Sharif-Aminu

Motions for resolutions B10-0101/2025, B10-0104/2025, B10-0111/2025, B10-0113/2025, B10-0117/2025, B10-0120/2025, B10-0122/2025 and B10-0123/2025 (2025/2548(RSP))

Miriam Lexmann, Hannes Heide, Bert-Jan Ruissen, Catarina Vieira, Merja Kyllönen, Susanna Ceccardi and Tomasz Froelich introduced their groups’ motions for resolutions.

The following spoke: Arkadiusz Mularczyk, on behalf of the ECR Group.

The following spoke: Glenn Micallef (Member of the Commission).

The debate closed.

Vote: 13 February 2025.

16. Silent crisis: the mental health of Europe’s youth (debate)

Commission statement: Silent crisis: the mental health of Europe’s youth (2025/2552(RSP))

Glenn Micallef (Member of the Commission) made the statement.

The following spoke: Tomislav Sokol, on behalf of the PPE Group, Alex Agius Saliba, on behalf of the S&D Group, Aurelijus Veryga, on behalf of the ECR Group, Veronika Cifrová Ostrihoňová, on behalf of the Renew Group, Ignazio Roberto Marino, on behalf of the Verts/ALE Group, Catarina Martins, on behalf of The Left Group, Milan Mazurek, on behalf of the ESN Group, Adam Jarubas, Nikos Papandreou, Michele Picaro and Nicolae Ştefănuță.

IN THE CHAIR: Victor NEGRESCU
Vice-President

The following spoke: Emma Fourreau, Alvise Pérez, András Tivadar Kulja, Romana Jerković, Kim Van Sparrentak, Elena Nevado del Campo, Nicolás González Casares, Peter Agius, Maria Walsh and Jessika Van Leeuwen.

The following spoke under the catch-the-eye procedure: Martine Kemp, Ana Miranda Paz, João Oliveira and Sunčana Glavak.

The following spoke: Glenn Micallef.

The debate closed.

17. Explanations of vote

Written explanations of vote

Explanations of vote submitted in writing under Rule 201 appear on the Members’ pages on Parliament’s website.

18. Agenda of the next sitting

The next sitting would be held the following day, 13 February 2025, starting at 09:00. The agenda was available on Parliament’s website.

19. Approval of the minutes of the sitting

In accordance with Rule 208(3), the minutes of the sitting would be put to the House for approval at the beginning of the afternoon of the next sitting.

20. Closure of the sitting

The sitting closed at 21:26.

LIST OF DOCUMENTS SERVING AS A BASIS FOR THE DEBATES AND DECISIONS OF PARLIAMENT

I. Motions for resolutions tabled

Recent dismissals and arrests of mayors in Türkiye

The following Members or political groups had requested that a debate be held, in accordance with Rule 150, on the following motions for resolutions:

on the recent dismissals and arrests of mayors in Türkiye (B10-0100/2025)
Isabel Serra Sánchez, Özlem Demirel
on behalf of The Left Group

on the recent dismissals and arrests of mayors in Türkiye (B10-0103/2025)
Vladimir Prebilič, Mélissa Camara, Mounir Satouri, Vicent Marzà Ibáñez, Catarina Vieira, Maria Ohisalo, Erik Marquardt, Nicolae Ştefănuță, Ville Niinistö, Villy Søvndal
on behalf of the Verts/ALE Group

on the recent dismissals and arrests of mayors in Türkiye (B10-0110/2025)
Malik Azmani, Oihane Agirregoitia Martínez, Petras Auštrevičius, Dan Barna, Benoit Cassart, Olivier Chastel, Veronika Cifrová Ostrihoňová, Karin Karlsbro, Ľubica Karvašová, Jan-Christoph Oetjen, Marie-Agnes Strack-Zimmermann, Hilde Vautmans, Sophie Wilmès, Lucia Yar
on behalf of the Renew Group

on the recent dismissals and arrests of mayors in Türkiye (B10-0115/2025)
Sebastiaan Stöteler, Marieke Ehlers, Jaroslav Bžoch, Roberto Vannacci, Susanna Ceccardi
on behalf of the PfE Group

on the recent dismissals and arrests of mayors in Türkiye (B10-0119/2025)
Yannis Maniatis, Francisco Assis, Nacho Sánchez Amor, Evin Incir, Nikos Papandreou, Pina Picierno
on behalf of the S&D Group

on the recent dismissals and arrests of mayors in Türkiye (B10-0121/2025)
Sebastião Bugalho, Vangelis Meimarakis, Željana Zovko, Wouter Beke, Antonio López Istúriz White, Isabel Wiseler Lima, Ingeborg Ter Laak, Tomáš Zdechovský, Mirosława Nykiel, Jessica Polfjärd, Luděk Niedermayer, Jan Farský, Inese Vaidere
on behalf of the PPE Group

on the recent dismissals and arrests of mayors in Türkiye (B10-0124/2025)
Joachim Stanisław Brudziński, Sebastian Tynkkynen, Małgorzata Gosiewska, Waldemar Tomaszewski, Veronika Vrecionová, Ondřej Krutílek, Assita Kanko, Alexandr Vondra
on behalf of the ECR Group

Repression by the Ortega-Murillo regime in Nicaragua, targeting human rights defenders, political opponents and religious communities in particular

The following Members or political groups had requested that a debate be held, in accordance with Rule 150, on the following motions for resolutions:

on the repression by the Ortega-Murillo regime in Nicaragua, targeting human rights defenders, political opponents and religious communities in particular (B10-0126/2025)
Sebastião Bugalho, Željana Zovko, Antonio López-Istúriz White, Gabriel Mato, David McAllister, Vangelis Meimarakis, Wouter Beke, Isabel Wiseler-Lima, Ingeborg Ter Laak, Tomáš Zdechovský, Mirosława Nykiel, Jessica Polfjärd, Luděk Niedermayer, Jan Farský, Andrey Kovatchev, Inese Vaidere
on behalf of the PPE Group

on the repression by the Ortega-Murillo regime in Nicaragua, targeting human rights defenders, political opponents and religious communities in particular (B10-0128/2025)
Diana Riba i Giner, Catarina Vieira, Maria Ohisalo, Nicolae Ştefănuță, Ville Niinistö
on behalf of the Verts/ALE Group

on the repression by the Ortega-Murillo regime in Nicaragua, targeting human rights defenders, political opponents and religious communities in particular (B10-0130/2025)
Tomasz Froelich
on behalf of the ESN Group

on the repression by the Ortega-Murillo regime in Nicaragua, targeting human rights defenders, political opponents and religious communities in particular (B10-0131/2025)
Bernard Guetta, Oihane Agirregoitia Martínez, Petras Auštrevičius, Malik Azmani, Dan Barna, Benoit Cassart, Olivier Chastel, Engin Eroglu, Karin Karlsbro, Ľubica Karvašová, Ilhan Kyuchyuk, Urmas Paet, Marie-Agnes Strack-Zimmermann, Hilde Vautmans, Lucia Yar
on behalf of the Renew Group

on the repression by the Ortega-Murillo regime in Nicaragua, targeting human rights defenders, political opponents and religious communities in particular (B10-0132/2025)
Hermann Tertsch, Jorge Martín Frías, Gerolf Annemans, Nikola Bartůšek, Roberto Vannacci, Susanna Ceccardi
on behalf of the PfE Group

on the repression by the Ortega-Murillo regime in Nicaragua, targeting human rights defenders, political opponents and religious communities in particular (B10-0134/2025)
Yannis Maniatis, Francisco Assis, Leire Pajín
on behalf of the S&D Group

on the repression by the Ortega-Murillo regime in Nicaragua, targeting human rights defenders, political opponents and religious communities in particular (B10-0135/2025)
Adam Bielan, Jadwiga Wiśniewska, Mariusz Kamiński, Ondřej Krutílek, Veronika Vrecionová, Joachim Stanisław Brudziński, Małgorzata Gosiewska, Waldemar Tomaszewski, Sebastian Tynkkynen, Assita Kanko, Ivaylo Valchev, Alexandr Vondra, Aurelijus Veryga, Alberico Gambino
on behalf of the ECR Group

Continuing detention and risk of the death penalty for individuals in Nigeria charged with blasphemy, notably the case of Yahaya Sharif-Aminu

The following Members or political groups had requested that a debate be held, in accordance with Rule 150, on the following motions for resolutions:

on continuing detention and risk of the death penalty for individuals in Nigeria charged with blasphemy, notably the case of Yahaya Sharif-Aminu (B10-0101/2025)
Merja Kyllönen
on behalf of The Left Group

on continuing detention and risk of the death penalty for individuals in Nigeria charged with blasphemy, notably the case of Yahaya Sharif-Aminu (B10-0104/2025)
Catarina Vieira, Maria Ohisalo, Nicolae Ştefănuță
on behalf of the Verts/ALE Group

on continuing detention and risk of the death penalty for individuals in Nigeria charged with blasphemy, notably the case of Yahaya Sharif-Aminu (B10-0111/2025)
Susanna Ceccardi, Nikola Bartůšek
on behalf of the PfE Group

on continuing detention and risk of the death penalty for individuals in Nigeria charged with blasphemy, notably the case of Yahaya Sharif-Aminu (B10-0113/2025)
Tomasz Froelich
on behalf of the ESN Group

on continuing detention and risk of the death penalty for individuals in Nigeria charged with blasphemy, notably the case of Yahaya Sharif-Aminu (B10-0117/2025)
Jan Christoph Oetjen, Oihane Agirregoitia Martínez, Petras Auštrevičius, Malik Azmani, Dan Barna, Benoit Cassart, Olivier Chastel, Engin Eroglu, Karin Karlsbro, Ilhan Kyuchyuk, Urmas Paet, Marie Agnes Strack Zimmermann, Hilde Vautmans, Lucia Yar
on behalf of the Renew Group

on continuing detention and risk of the death penalty for individuals in Nigeria charged with blasphemy, notably the case of Yahaya Sharif-Aminu (B10-0120/2025)
Yannis Maniatis, Francisco Assis, Hannes Heide
on behalf of the S&D Group

on continuing detention and risk of the death penalty for individuals in Nigeria charged with blasphemy, notably the case of Yahaya Sharif-Aminu (B10-0122/2025)
Sebastião Bugalho, Vangelis Meimarakis, Željana Zovko, Wouter Beke, Isabel Wiseler Lima, Ingeborg Ter Laak, Tomáš Zdechovský, Mirosława Nykiel, Jessica Polfjärd, Luděk Niedermayer, Jan Farský, Inese Vaidere, Andrey Kovatchev
on behalf of the PPE Group

on continuing detention and risk of the death penalty for individuals in Nigeria charged with blasphemy, notably the case of Yahaya Sharif-Aminu (B10-0123/2025)
Bert Jan Ruissen, Jadwiga Wiśniewska, Ondřej Krutílek, Veronika Vrecionová, Bogdan Rzońca, Joachim Stanisław Brudziński, Małgorzata Gosiewska, Waldemar Tomaszewski, Michał Dworczyk, Sebastian Tynkkynen, Assita Kanko, Alexandr Vondra, Alberico Gambino
on behalf of the ECR Group

II. Delegated acts (Rule 114(2))

Draft delegated acts forwarded to Parliament

– Commission Delegated Regulation supplementing Regulation (EU) 600/2014 of the European Parliament and of the Council as regards OTC derivatives identifying reference data to be used for the purposes of the transparency requirements laid down in Article 8a(2) and Articles 10 and 21 (C(2025)00417 – 2025/2534(DEA))

Deadline for raising objections: 3 months from the date of receipt of 24 January 2025

referred to committee responsible: ECON

– Commission Delegated Regulation amending the regulatory technical standards laid down in Delegated Regulation (EU) 2021/931 as regards the specification of the formula for calculating the supervisory delta of call and put options mapped to the commodity risk category (C(2025)00459 – 2025/2537(DEA))

Deadline for raising objections: 3 months from the date of receipt of 28 January 2025

referred to committee responsible: ECON

– Commission Delegated Regulation amending Delegated Regulation (EU) 2019/624 as regards ante-mortem inspections in slaughterhouses, ante-mortem inspections at the holding of provenance and post-mortem inspections (C(2025)00539 – 2025/2540(DEA))

Deadline for raising objections: 2 months from the date of receipt of 30 January 2025

referred to committee responsible: ENVI
opinion: AGRI

– Commission Delegated Regulation amending the regulatory technical standards laid down in Delegated Regulation (EU) 2022/2059, Delegated Regulation (EU) 2022/2060 and Delegated Regulation (EU) 2023/1577 as regards the technical details of back-testing and profit and loss attribution requirements, the criteria for assessing the modellability of risk factors, and the treatment of foreign-exchange risk and commodity risk in the non-trading book (C(2025)00595 – 2025/2543(DEA))

Deadline for raising objections: 3 months from the date of receipt of 3 February 2025

referred to committee responsible: ECON

– Commission Delegated Regulation supplementing Directive 2003/87/EC of the European Parliament and of the Council by laying down detailed rules for the yearly calculation of price differences between eligible aviation fuels and fossil kerosene and for the EU ETS allocation of allowances for the use of eligible aviation fuels (C(2025)00681 – 2025/2559(DEA))

Deadline for raising objections: 2 months from the date of receipt of 6 February 2025

referred to committee responsible: ENVI
opinion: ITRE

– Commission Delegated Regulation amending Regulation (EU) 2023/2053 of the European Parliament and of the Council as regards the management of bluefin tuna in the eastern Atlantic and in the Mediterranean (C(2025)00748 – 2025/2560(DEA))

Deadline for raising objections: 2 months from the date of receipt of 7 February 2025

referred to committee responsible: PECH

III. Implementing measures (Rule 115)

Draft implementing measures falling under the regulatory procedure with scrutiny forwarded to Parliament

– Commission Regulation amending Regulation (EU) 2023/1803 as regards International Financial Reporting Standard 9 and International Financial Reporting Standard 7 (Text with EEA relevance) (D103844/01 – 2025/2525(RPS) – deadline: 21 April 2025)
referred to committee responsible: ECON
opinion: JURI

– Commission Regulation amending and correcting Regulation (EU) No 142/2011 as regards certain requirements for the placing on the market and imports of animal by-products and derived products not intended for human consumption (D103880/01 – 2025/2535(RPS) – deadline: 28 April 2025)
referred to committee responsible: ENVI

IV. Transfers of appropriations and budgetary decisions

In accordance with Article 29 of the Financial Regulation, the Committee on Budgets had decided to approve transfer of appropriations No 1/2025 – Section IX – European Data Protection Supervisor.

In accordance with Article 31(1) of the Financial Regulation, the Committee on Budgets had decided to approve the Commission’s transfer of appropriations DEC 01/2025 – Section III – Commission.

In accordance with Article 31(6) of the Financial Regulation, the Council of the European Union had decided to approve the Commission’s transfer of appropriations DEC 01/2025 – Section III – Commission.

ATTENDANCE REGISTER

Present:

Aaltola Mika, Abadía Jover Maravillas, Adamowicz Magdalena, Aftias Georgios, Agirregoitia Martínez Oihane, Agius Peter, Agius Saliba Alex, Alexandraki Galato, Allione Grégory, Al-Sahlani Abir, Anadiotis Nikolaos, Anderson Christine, Andersson Li, Andresen Rasmus, Andrews Barry, Andriukaitis Vytenis Povilas, Androuët Mathilde, Angel Marc, Annemans Gerolf, Annunziata Lucia, Antoci Giuseppe, Arias Echeverría Pablo, Arimont Pascal, Arłukowicz Bartosz, Arnaoutoglou Sakis, Arndt Anja, Arvanitis Konstantinos, Asens Llodrà Jaume, Assis Francisco, Attard Daniel, Aubry Manon, Auštrevičius Petras, Axinia Adrian-George, Azmani Malik, Bajada Thomas, Baljeu Jeannette, Ballarín Cereza Laura, Bardella Jordan, Barley Katarina, Barna Dan, Barrena Arza Pernando, Bartulica Stephen Nikola, Bartůšek Nikola, Bausemer Arno, Bay Nicolas, Bay Christophe, Beke Wouter, Beleris Fredis, Bellamy François-Xavier, Benea Adrian-Dragoş, Benifei Brando, Benjumea Benjumea Isabel, Beňová Monika, Bentele Hildegard, Berendsen Tom, Berger Stefan, Berg Sibylle, Berlato Sergio, Bernhuber Alexander, Biedroń Robert, Bielan Adam, Bischoff Gabriele, Blaha Ľuboš, Blinkevičiūtė Vilija, Blom Rachel, Bloss Michael, Bocheński Tobiasz, Boeselager Damian, Bogdan Ioan-Rareş, Bonaccini Stefano, Bonte Barbara, Borchia Paolo, Borrás Pabón Mireia, Borvendég Zsuzsanna, Borzan Biljana, Bosanac Gordan, Bosse Stine, Botenga Marc, Boyer Gilles, Boylan Lynn, Brandstätter Helmut, Brasier-Clain Marie-Luce, Braun Grzegorz, Brejza Krzysztof, Bricmont Saskia, Brnjac Nikolina, Brudziński Joachim Stanisław, Bryłka Anna, Buchheit Markus, Buczek Tomasz, Buda Daniel, Budka Borys, Bugalho Sebastião, Buła Andrzej, Bullmann Udo, Burkhardt Delara, Buxadé Villalba Jorge, Bystron Petr, Bžoch Jaroslav, Camara Mélissa, Canfin Pascal, Carberry Nina, Cârciu Gheorghe, Carême Damien, Casa David, Caspary Daniel, Cassart Benoit, Castillo Laurent, del Castillo Vera Pilar, Cavazzini Anna, Cavedagna Stefano, Ceccardi Susanna, Cepeda José, Ceulemans Estelle, Chahim Mohammed, Chaibi Leila, Chastel Olivier, Chinnici Caterina, Cifrová Ostrihoňová Veronika, Ciriani Alessandro, Cisint Anna Maria, Clausen Per, Cormand David, Corrado Annalisa, Costanzo Vivien, Cotrim De Figueiredo João, Cowen Barry, Cremer Tobias, Crespo Díaz Carmen, Cristea Andi, Crosetto Giovanni, Cunha Paulo, Dahl Henrik, Danielsson Johan, Dauchy Marie, Dávid Dóra, David Ivan, Decaro Antonio, de la Hoz Quintano Raúl, Della Valle Danilo, Deloge Valérie, De Masi Fabio, De Meo Salvatore, Deutsch Tamás, Dibrani Adnan, Diepeveen Ton, Dieringer Elisabeth, Dîncu Vasile, Disdier Mélanie, Dobrev Klára, Doherty Regina, Doleschal Christian, Dömötör Csaba, Do Nascimento Cabral Paulo, Donazzan Elena, Dorfmann Herbert, Dostalova Klara, Dostál Ondřej, Düpont Lena, Dworczyk Michał, Ecke Matthias, Ehler Christian, Ehlers Marieke, Eriksson Sofie, Erixon Dick, Eroglu Engin, Estaràs Ferragut Rosa, Ezcurra Almansa Alma, Falcă Gheorghe, Farantouris Nikolas, Farreng Laurence, Farský Jan, Ferber Markus, Ferenc Viktória, Fernández Jonás, Fidanza Carlo, Firea Gabriela, Firmenich Ruth, Fita Claire, Flanagan Luke Ming, Fourlas Loucas, Fourreau Emma, Fragkos Emmanouil, Freund Daniel, Frigout Anne-Sophie, Friis Sigrid, Fritzon Heléne, Froelich Tomasz, Funchion Kathleen, Furet Angéline, Furore Mario, Gahler Michael, Gál Kinga, Gálvez Lina, Gambino Alberico, García Hermida-Van Der Walle Raquel, Garraud Jean-Paul, Gasiuk-Pihowicz Kamila, Geadi Geadis, Gedin Hanna, Geese Alexandra, Geier Jens, Geisel Thomas, Gemma Chiara, Georgiou Giorgos, Gerbrandy Gerben-Jan, Germain Jean-Marc, Gerzsenyi Gabriella, Geuking Niels, Gieseke Jens, Giménez Larraz Borja, Girauta Vidal Juan Carlos, Glavak Sunčana, Glucksmann Raphaël, Goerens Charles, Gomart Christophe, Gomes Isilda, Gómez López Sandra, Gonçalves Bruno, Gonçalves Sérgio, González Casares Nicolás, González Pons Esteban, Gori Giorgio, Gosiewska Małgorzata, Gotink Dirk, Gozi Sandro, Grapini Maria, Gražulis Petras, Gregorová Markéta, Grims Branko, Griset Catherine, Gronkiewicz-Waltz Hanna, Groothuis Bart, Grossmann Elisabeth, Gualmini Elisabetta, Guarda Cristina, Guetta Bernard, Guzenina Maria, Győri Enikő, Gyürk András, Hadjipantela Michalis, Hahn Svenja, Haider Roman, Halicki Andrzej, Hansen Niels Flemming, Hassan Rima, Hauser Gerald, Häusling Martin, Hava Mircea-Gheorghe, Hazekamp Anja, Heide Hannes, Heinäluoma Eero, Henriksson Anna-Maja, Herbst Niclas, Herranz García Esther, Hetman Krzysztof, Hohlmeier Monika, Hojsík Martin, Holmgren Pär, Hölvényi György, Homs Ginel Alicia, Humberto Sérgio, Ijabs Ivars, Imart Céline, Inselvini Paolo, Iovanovici Şoşoacă Diana, Jaki Patryk, Jalloul Muro Hana, Jamet France, Jarubas Adam, Jerković Romana, Joński Dariusz, Joron Virginie, Jouvet Pierre, Joveva Irena, Juknevičienė Rasa, Junco García Nora, Jungbluth Alexander, Kabilov Taner, Kalfon François, Kaliňák Erik, Kaljurand Marina, Kalniete Sandra, Kamiński Mariusz, Kanev Radan, Kanko Assita, Karlsbro Karin, Kartheiser Fernand, Karvašová Ľubica, Katainen Elsi, Kefalogiannis Emmanouil, Kelleher Billy, Keller Fabienne, Kelly Seán, Kemp Martine, Kennes Rudi, Knafo Sarah, Knotek Ondřej, Kobosko Michał, Köhler Stefan, Kohut Łukasz, Kokalari Arba, Kolář Ondřej, Kollár Kinga, Kols Rihards, Konečná Kateřina, Kopacz Ewa, Körner Moritz, Kountoura Elena, Kovatchev Andrey, Krah Maximilian, Krištopans Vilis, Kruis Sebastian, Krutílek Ondřej, Kubín Tomáš, Kuhnke Alice, Kulja András Tivadar, Kulmuni Katri, Kyllönen Merja, Kyuchyuk Ilhan, Lagodinsky Sergey, Lakos Eszter, Lalucq Aurore, Lange Bernd, Langensiepen Katrin, Laššáková Judita, László András, Latinopoulou Afroditi, Laurent Murielle, Laureti Camilla, Laykova Rada, Lazarov Ilia, Lazarus Luis-Vicențiu, Le Callennec Isabelle, Leggeri Fabrice, Lenaers Jeroen, Lewandowski Janusz, Lexmann Miriam, Liese Peter, Lins Norbert, Løkkegaard Morten, Lopatka Reinhold, López Javi, López Aguilar Juan Fernando, López-Istúriz White Antonio, Lövin Isabella, Luena César, Lupo Giuseppe, McAllister David, Madison Jaak, Maestre Cristina, Magoni Lara, Magyar Péter, Maij Marit, Maląg Marlena, Manda Claudiu, Mandl Lukas, Maniatis Yannis, Mantovani Mario, Maran Pierfrancesco, Marczułajtis-Walczak Jagna, Maréchal Marion, Mariani Thierry, Marino Ignazio Roberto, Marquardt Erik, Martín Frías Jorge, Martins Catarina, Martusciello Fulvio, Mato Gabriel, Matthieu Sara, Mavrides Costas, Mayer Georg, Mazurek Milan, Mažylis Liudas, McNamara Michael, Mebarek Nora, Mehnert Alexandra, Meimarakis Vangelis, Meleti Eleonora, Mendes Ana Catarina, Mendia Idoia, Mertens Verena, Mesure Marina, Metsola Roberta, Metz Tilly, Mikser Sven, Milazzo Giuseppe, Millán Mon Francisco José, Minchev Nikola, Miranda Paz Ana, Montero Irene, Montserrat Dolors, Morace Carolina, Moreira de Sá Tiago, Moreno Sánchez Javier, Moretti Alessandra, Motreanu Dan-Ştefan, Mularczyk Arkadiusz, Müller Piotr, Mureşan Siegfried, Nagyová Jana, Nardella Dario, Navarrete Rojas Fernando, Negrescu Victor, Nemec Matjaž, Nesci Denis, Neuhoff Hans, Neumann Hannah, Nevado del Campo Elena, Niebler Angelika, Niedermayer Luděk, Niinistö Ville, Nikolaou-Alavanos Lefteris, Nikolic Aleksandar, Ní Mhurchú Cynthia, Noichl Maria, Nordqvist Rasmus, Novakov Andrey, Nykiel Mirosława, Obajtek Daniel, Ódor Ľudovít, Oetjen Jan-Christoph, Ohisalo Maria, Oliveira João, Olivier Philippe, Omarjee Younous, Ó Ríordáin Aodhán, Ozdoba Jacek, Paet Urmas, Pajín Leire, Palmisano Valentina, Panayiotou Fidias, Papadakis Kostas, Papandreou Nikos, Pappas Nikos, Pascual de la Parte Nicolás, Patriciello Aldo, Paulus Jutta, Pedro Ana Miguel, Pedulla’ Gaetano, Pellerin-Carlin Thomas, Peltier Guillaume, Penkova Tsvetelina, Pennelle Gilles, Pereira Lídia, Pérez Alvise, Peter-Hansen Kira Marie, Petrov Hristo, Picaro Michele, Picierno Pina, Picula Tonino, Piera Pascale, Pimpie Pierre, Piperea Gheorghe, de la Pisa Carrión Margarita, Pokorná Jermanová Jaroslava, Polato Daniele, Polfjärd Jessica, Popescu Virgil-Daniel, Pozņaks Reinis, Prebilič Vladimir, Princi Giusi, Pürner Friedrich, Rackete Carola, Radev Emil, Radtke Dennis, Rafowicz Emma, Ratas Jüri, Razza Ruggero, Rechagneux Julie, Regner Evelyn, Repasi René, Repp Sabrina, Ressler Karlo, Reuten Thijs, Riba i Giner Diana, Ricci Matteo, Ridel Chloé, Riehl Nela, Ripa Manuela, Ros Sempere Marcos, Roth Neveďalová Katarína, Rougé André, Ruissen Bert-Jan, Ruotolo Sandro, Rzońca Bogdan, Saeidi Arash, Salini Massimiliano, Salis Ilaria, Salla Aura, Sánchez Amor Nacho, Sanchez Julien, Sancho Murillo Elena, Sardone Silvia, Šarec Marjan, Sargiacomo Eric, Satouri Mounir, Saudargas Paulius, Sbai Majdouline, Sberna Antonella, Schaldemose Christel, Schaller-Baross Ernő, Schenk Oliver, Scheuring-Wielgus Joanna, Schieder Andreas, Schilling Lena, Schwab Andreas, Scuderi Benedetta, Seekatz Ralf, Sell Alexander, Serrano Sierra Rosa, Serra Sánchez Isabel, Sidl Günther, Sienkiewicz Bartłomiej, Sieper Lukas, Simon Sven, Singer Christine, Sinkevičius Virginijus, Sippel Birgit, Sjöstedt Jonas, Śmiszek Krzysztof, Smith Anthony, Smit Sander, Sokol Tomislav, Solier Diego, Solís Pérez Susana, Sommen Liesbet, Sonneborn Martin, Sorel Malika, Sousa Silva Hélder, Søvndal Villy, Staķis Mārtiņš, Stancanelli Raffaele, Ştefănuță Nicolae, Steger Petra, Stier Davor Ivo, Storm Kristoffer, Stöteler Sebastiaan, Stoyanov Stanislav, Strack-Zimmermann Marie-Agnes, Strada Cecilia, Streit Joachim, Strik Tineke, Strolenberg Anna, Sturdza Şerban Dimitrie, Stürgkh Anna, Sypniewski Marcin, Szczerba Michał, Szekeres Pál, Szydło Beata, Tamburrano Dario, Tânger Corrêa António, Tarczyński Dominik, Tarquinio Marco, Tarr Zoltán, Târziu Claudiu-Richard, Tavares Carla, Tegethoff Kai, Temido Marta, Teodorescu Georgiana, Teodorescu Måwe Alice, Terheş Cristian, Ter Laak Ingeborg, Terras Riho, Tertsch Hermann, Thionnet Pierre-Romain, Timgren Beatrice, Tinagli Irene, Tobé Tomas, Tolassy Rody, Tomac Eugen, Tomašič Zala, Tomaszewski Waldemar, Tomc Romana, Tonin Matej, Toom Jana, Topo Raffaele, Torselli Francesco, Tosi Flavio, Toussaint Marie, Tovaglieri Isabella, Toveri Pekka, Tridico Pasquale, Trochu Laurence, Tsiodras Dimitris, Tudose Mihai, Turek Filip, Tynkkynen Sebastian, Uhrík Milan, Vaidere Inese, Valchev Ivaylo, Vălean Adina, Valet Matthieu, Van Brempt Kathleen, Van Brug Anouk, van den Berg Brigitte, Vandendriessche Tom, Van Dijck Kris, Van Lanschot Reinier, Van Leeuwen Jessika, Vannacci Roberto, Van Overtveldt Johan, Van Sparrentak Kim, Varaut Alexandre, Vasconcelos Ana, Vasile-Voiculescu Vlad, Vautmans Hilde, Vedrenne Marie-Pierre, Ventola Francesco, Verougstraete Yvan, Veryga Aurelijus, Vešligaj Marko, Vicsek Annamária, Vieira Catarina, Vilimsky Harald, Vincze Loránt, Vind Marianne, Vistisen Anders, Vivaldini Mariateresa, Volgin Petar, von der Schulenburg Michael, Vondra Alexandr, Voss Axel, Vozemberg-Vrionidi Elissavet, Vrecionová Veronika, Vázquez Lázara Adrián, Waitz Thomas, Walsh Maria, Walsmann Marion, Warborn Jörgen, Warnke Jan-Peter, Wąsik Maciej, Wawrykiewicz Michał, Wcisło Marta, Wechsler Andrea, Weimers Charlie, Werbrouck Séverine, Wiesner Emma, Wiezik Michal, Wilmès Sophie, Winkler Iuliu, Winzig Angelika, Wiseler-Lima Isabel, Wiśniewska Jadwiga, Wölken Tiemo, Wolters Lara, Yar Lucia, Yon-Courtin Stéphanie, Yoncheva Elena, Zacharia Maria, Zalewska Anna, Žalimas Dainius, Zan Alessandro, Zdechovský Tomáš, Zdrojewski Bogdan Andrzej, Zijlstra Auke, Zīle Roberts, Zingaretti Nicola, Złotowski Kosma, Zoido Álvarez Juan Ignacio, Zovko Željana, Zver Milan

Excused:

Morano Nadine, Zarzalejos Javier

MIL OSI Europe News –

February 14, 2025

MIL-OSI: Ormat Technologies Awarded Tolling Agreements for Two Energy Storage Facilities in Israel

Source: GlobeNewswire (MIL-OSI)

RENO, Nev., Feb. 13, 2025 (GLOBE NEWSWIRE) — Ormat Technologies Inc. (NYSE: ORA), (“Ormat” or the “Company”) a leading geothermal and renewable energy technology company, today announced that it has won a tender issued by the Israeli Electricity Authority and has been awarded two separate 15-year tolling agreements for two Energy Storage facilities. The facilities under the tolling agreements are expected to have a combined capacity of approximately 300MW/1200MWh.

These projects are developed in partnership with Allied Infrastructure LTD (“Allied”), a leading infrastructure company in Israel. The ownership of the projects will be shared, 50/50 between Ormat and Allied. This marks Ormat’s and the partnership’s first major entry into the Israeli utility scale energy storage market. The partnership intends to develop this activity and develop additional Energy Storage facilities.

The parties are in advanced stages of obtaining the interconnection for the two projects, and the necessary land use permits ahead of starting construction. Commercial operation date is expected during 2028. The tolling agreement includes an option for termination of the initial contract and move to participation in the merchant market.

“We are delighted to announce the award of these two tolling agreements, marking another key strategic milestone for our growing Energy Storage business,” said Doron Blachar, Chief Executive Officer of Ormat Technologies. “These long-term agreements highlight our team’s ability to advance and execute Ormat’s Energy Storage portfolio expansion strategy. The tolling agreements for these two assets will further enhance the Company’s portfolio profitability and add stability to margin performance, each a key element of our growth strategy in our storage business.”

Blachar concluded, “These energy storage contracts mark the Company’s first owned project in Israel, and we look forward to continuing to work with Allied as Ormat’s capabilities and assets will now help drive Israel’s efforts to achieve its renewable energy and energy continuity goals.”

ABOUT ORMAT TECHNOLOGIES

With over five decades of experience, Ormat Technologies, Inc. is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation (“REG”), with robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market. The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and high-temperature heat into electricity. The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,400MW of gross capacity. Ormat leveraged its core capabilities in the geothermal and REG industries and its global presence to expand the Company’s activity into energy storage services, solar Photovoltaic (PV) and energy storage plus Solar PV. Ormat’s current total generating portfolio is 1.5GW with a 1.2GW geothermal and solar generation portfolio that is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe, and a 290MW energy storage portfolio that is located in the U.S.

ABOUT THE ISRAELI ELECTRICITY AUTHORITY

The Israeli Electricity Authority is a government authority charged with providing utility services, setting tariffs, regulation, and oversight of the electricity market in Israel.

ABOUT ALLIED INFRASTRUCTURE LTD

Allied Infrastructure LTD is a multi-disciplined specialist contractor working primarily in the Airports, Highways, Defense and Construction sectors. Allied is delivering innovative and quality services using specially developed materials to offer complete solutions to preserve, protect, maintain and restore infrastructure assets, especially in the airside environment.

ORMAT’S SAFE HARBOR STATEMENT

Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future, including such matters as our projections of annual revenues, expenses and debt service coverage with respect to our debt securities, future capital expenditures, business strategy, competitive strengths, goals, development or operation of generation assets, market and industry developments and the growth of our business and operations, are forward-looking statements. When used in this press release, the words “may”, “will”, “could”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “projects”, “potential”, or “contemplate” or the negative of these terms or other comparable terminology are intended to identify forward-looking statements, although not all forward-looking statements contain such words or expressions. These forward-looking statements generally relate to Ormat’s plans, objectives and expectations for future operations and are based upon its management’s current estimates and projections of future results or trends. Although we believe that our plans and objectives reflected in or suggested by these forward-looking statements are reasonable, we may not achieve these plans or objectives. Actual future results may differ materially from those projected as a result of certain risks and uncertainties and other risks described under “Risk Factors” as described in Ormat’s annual report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 23, 2024, and in Ormat’s subsequent quarterly reports on Form 10-Q that are filed from time to time with the SEC.

These forward-looking statements are made only as of the date hereof, and, except as legally required, we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Ormat Technologies Contact:
Smadar Lavi
VP Head of IR and ESG Planning & Reporting
775-356-9029 (ext. 65726)
slavi@ormat.com

Investor Relations Agency Contact:
Joseph Caminiti or Josh Carroll
Alpha IR Group
312-445-2870
ORA@alpha-ir.com

The MIL Network –

February 14, 2025

MIL-OSI United Kingdom: Geosciences and engineering in the spotlight as major international conference heads to Aberdeen Thousands of visitors are expected to gather in the North-east of Scotland next year as Europe’s leading geosciences conference and exhibition makes its Aberdeen debut.

Source: University of Aberdeen

The premier event will bring together professionals, academics and industry leaders to discuss the latest advancements in geoscience and engineering.Thousands of visitors are expected to gather in the North-east of Scotland next year as Europe’s leading geosciences conference and exhibition makes its Aberdeen debut.
Boundary-breaking research and cutting-edge technological advances will be among the University of Aberdeen’s offering when the European Association of Geoscientists and Engineers (EAGE) hosts its 87th Annual Conference & Exhibition in Aberdeen from 8-11 June 2026.
The premier event will bring together professionals, academics and industry leaders to discuss the latest advancements in geoscience and engineering.
Professor John Underhill, Director for Energy Transition at the University, played a part in securing the event for the city: “It has been a great pleasure to bring this conference and exhibition to Aberdeen for the first time since its inception in 1951,” he said.
“As a former EAGE President, I’m aware of the size and significance of attracting an event of this size and scale to Aberdeen. The event will bring several thousand delegates to the city, underlining how important the city’s energy transition journey is viewed across Europe and delivering an economic boost to hotels, restaurants and other businesses.”
The EAGE Annual Conference & Exhibition is renowned for its comprehensive technical programme, expansive exhibition, and numerous networking opportunities. Attendees can look forward to engaging sessions, workshops and presentations that highlight the latest research and technological developments in the field.
Marcel van Loon, Chief Executive Officer of EAGE, expressed his enthusiasm: “Aberdeen has long been a hub for energy expertise and innovation. Hosting our 87th Annual Conference & Exhibition in this city underscores our commitment to fostering collaboration and knowledge exchange in regions pivotal to the geoscience community.”
The conference will be held at the P&J Live convention centre in Aberdeen under the support of energy major BP as host.
Ariel Flores, SVP Subsurface at BP and Chair of EAGE 2026 Local Advisory Committee said: “We are excited to announce a new partnership between BP and EAGE for the 87th Annual Conference & Exhibition.
“As the official host and main sponsor, BP is dedicated to fostering innovation and collaboration within the engineering, energy and geoscience community. This agreement marks a significant milestone in advancing the future of our industry.”
For more information and updates on the conference, visit the official EAGE Annual website at https://eageannual.org/future-edition/.

MIL OSI United Kingdom –

February 14, 2025
MIL-OSI Russia: NSU Track and Field Athletes Awards

Translartion. Region: Russians Fedetion –

Source: Novosibirsk State University – Novosibirsk State University –

The winter track and field competition season is in full swing, and NSU students are successfully competing in it.

Nika Sigunova (EF) won two silver medals at the Siberian Federal District Championship in Irkutsk (1500 and 3000 m), won the Novosibirsk Region Cup in 3000 m running and became the regional champion in the 800 m distance.

Nikita Bosak (MMF) won the 800m race, came in second in the 1500m race at the Novosibirsk Region Championship and took 5th and 6th places at the All-Russian competitions in Tomsk in the same disciplines.

Yana Stepanchuk (FEN) won a silver medal at the Regional Championship and a bronze medal at the Regional Cup in long jump.

Alexey Chviruk (MMF) came in third at the Regional Championship among juniors under 23 years old at a distance of 1500 m and entered the top ten at the All-Russian competitions in Tomsk.

Also at the Novosibirsk Region Championship among juniors under 20 and under 23 years old, the following became prize winners:

Tatyana Nefedova (GI) – 1st place in the 3000 m distance

Anastasia Osmushkina (IMPZ) – 2nd place in the 1500 m race

Alexander Lapushinsky (FIT) – 3rd place in the 2000 m steeplechase

Gleb Mamonov (MMF) – 3rd place in the 1500 m distance.

In addition, Daria Zavalishina and Olga Trofimova (MMF), Miron Gaskov and Irina Katsuk (FIT), Ksenia Zubareva (FEN) and Artem Golovin (GI) performed well in the competitions, but so far have remained without prizes.

Congratulations to the winners of the competition and their coach Anton Mamekov! We wish you further success in the sports arena!

Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

MIL OSI Russia News –

February 13, 2025
MIL-OSI Submissions: Energy Sector – Equinor appeals fine for violation of market regulations in France

Source: Equinor

The French Energy Regulatory Commission (CRE) has imposed a fine of 4 million Euros on Equinor for two cases of REMIT* violation in connection with the booking of annual gas transmission capacities, one in 2019 and one in 2020. Equinor will appeal the decision.

The case concerns the booking of annual gas transmission capacities on capacity auctions relating to the French-Spanish network interconnection point Pirineos (PIR) back in 2019 and 2020. CRE finds that Equinor has colluded with Danske Commodities in the first round of the same annual gas capacity auctions by reserving more than the maximum volume of capacity offered for sale. Danske Commodities have been fined 8 million Euros and will appeal the decision.

“Market compliance is fundamental in Equinor and we have standards and routines in place to ensure that we comply with regulations and conduct rules in the markets we operate in. We have found no signs of collusion and on that basis we do not agree with the decision from CRE that the alleged collusion took place. We will appeal the decision,” says Irene Rummelhoff, executive vice president for Marketing, Midstream and Processing in Equinor.

From Equinor’s acquisition of Danske Commodities and onwards, market compliance measures have included information barriers in systems and organizational setup as well as training and follow-up by separate market compliance units. Equinor maintain that Equinor and Danske Commodities acted independently, and that Equinor booked capacity solely in order to keep access to the Spanish capacity booking platform and therefore ensure access to the Spanish gas market.

Equinor will appeal the case to Conseil d’État, the highest court in France for handling cases involving public administration.

*Regulation on Wholesale Energy Market Integrity and Transparency

MIL OSI – Submitted News –

February 13, 2025
MIL-OSI Africa: Bluewater to Sell Apex International Energy, Highlighting Full-Cycle Private Equity (PE) Investment Model in Africa’s Oil and Gas Sector

Source: Africa Press Organisation – English (2) – Report:

PARIS, France, February 13, 2025/APO Group/ —

Private equity is playing an increasingly pivotal role in Africa’s energy sector, driving growth and innovation in the continent’s oil and gas markets. This week, specialist energy private equity firm Bluewater announced the sale of Apex International Energy – transformed under its stewardship into a leading player in Egypt’s energy market – to a subsidiary of Hong Kong-listed United Energy Group. The transaction underscores the full-cycle nature of private equity investing and its potential to unlock value in Africa’s resource-rich markets.

Bluewater, which invested in Apex in 2018 as part of its second fund, saw the opportunity to develop the Houston-based company into a significant contributor to Egypt’s oil and gas industry. Under Bluewater’s stewardship, Apex grew from a small, independent exploration and production company into a top-ten producer in Egypt. Over the course of six years, Apex expanded its portfolio to include interests in eight concessions, with production averaging over 11,000 barrels of oil equivalent per day in 2024.

This transformation was driven by strategic acquisitions, new discoveries and a laser focus on operational excellence. Key milestones included the 2021 oil discovery in the Southeast Meleiha concession, which saw first production later that year. In 2023, Apex expanded its footprint with the acquisition of six concessions in Egypt’s Western Desert from Italian energy giant Eni, as well as began first gas production. These strategic moves not only boosted Apex’s production levels, but also reinforced its position as a key contributor to Egypt’s energy security.

For Bluewater, this growth was a result of carefully managed investments that allowed Apex to capitalize on Egypt’s favorable energy market while navigating the complexities of local regulations and political landscapes. By taking a hands-on approach to governance and working closely with Apex’s leadership team, Bluewater was able to foster a culture of growth and innovation that delivered tangible results.

The sale exemplifies how private equity firms complete the full investment cycle – starting with identifying a promising asset, nurturing its growth and ultimately realizing value through a sale or exit strategy. In this case, the sale to United Energy Group positions Apex for continued growth and expansion under new ownership, while providing Bluewater with a profitable return on its investment. This model of buying, growing and exiting is at the heart of private equity’s role in driving value creation and economic development in emerging markets like Africa.

The transaction also underscores the increasing confidence that private equity investors are placing in Africa’s energy sector. Despite challenges like fluctuating commodity prices and complex regulatory environments, the energy sector in countries like Egypt offers substantial growth opportunities. For private equity firms, the continent’s untapped reserves, coupled with a growing demand for energy, make it an attractive destination for long-term investments.

Looking to the future, the role of private equity in African oil and gas is expected to grow further. The upcoming Invest in African Energy Forum in Paris will serve as a key platform for private equity firms to explore investment opportunities in Africa’s growing energy sector, where strategic partnerships and capital infusion are driving innovation and growth. In particular, firms that focus on full-cycle investment strategies – such as Bluewater’s approach with Apex – are well-positioned to thrive in this evolving landscape. They can bring capital, technical expertise and a deep understanding of local markets, enabling them to navigate challenges and capitalize on emerging opportunities in Africa’s energy sector.

IAE 2025 (https://apo-opa.co/3CMcOXk) is an exclusive forum designed to facilitate investment between African energy markets and global investors.Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

MIL OSI Africa –

February 13, 2025
MIL-OSI Economics: Media release: Locking gas out of Capacity Investment Scheme risks higher power prices and blackouts – Australian Energy Producers

Source: Australian Petroleum Production & Exploration Association

Headline: Media release: Locking gas out of Capacity Investment Scheme risks higher power prices and blackouts – Australian Energy Producers

Australians face paying more for their electricity and increased risk of blackouts under the Federal Government’s deal with the Greens to keep gas out of the Capacity Investment Scheme (CIS).

Australian Energy Producers Chief Executive Samantha McCulloch said locking gas out of the CIS was at odds with the Government’s own advice on the critical role of gas in backing up renewables in the National Electricity Market (NEM) and for delivering reliable and affordable electricity.

“Australia needs significant investment in new gas power generation to keep the lights on and power bills down,” Ms McCulloch said.

“Instead of encouraging this investment, the Federal Government has again capitulated to the Greens’ anti-gas agenda and ignored the repeated warnings from experts about the critical role of gas in our power mix.”

The Australian Energy Market Operator (AEMO) has found the NEM needs 13 gigawatts of new gas-powered generation capacity to be built between now and 2050, and that renewables “backed up by gas-powered generation is the lowest-cost way to supply electricity to homes and businesses”.

“AEMO has made clear that gas is ‘the ultimate backstop for our grid’ and estimates that demand for gas power in the NEM will be almost double today’s levels in the early 2040s.

“The Labor-Greens deal today to effectively legislate gas out of the CIS comes just weeks after the ACCC urged governments to fast-track new gas supply and investment by explicitly recognising the critical long-term role of gas in Australia’s energy transition.

“Australia urgently needs investment in new gas supply and infrastructure to avoid structural shortfalls on the east coast from 2027 but mixed signals on the importance of gas only serve to undermine investor confidence.

“State and Federal Governments continue to ignore the warnings, and as a result it is almost inevitable that Victoria and NSW will soon be relying on more expensive imported gas. Ultimately, it’s Australian households and businesses that will pay the price for this policy failure,” Ms McCulloch said.

MIL OSI Economics –

February 13, 2025

MIL-OSI: Valeura Energy Inc.: Record Reserves and Resources at Year-End 2024: 2P Reserves Replacement Ratio of 245%

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, Feb. 13, 2025 (GLOBE NEWSWIRE) — Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) (“Valeura” or the “Company”) is pleased to announce the results of its third-party independent reserves and resources assessment as at year-end 2024.

Highlights

Record high year-end reserves: 32 MMbbl proved (1P), 50 MMbbl proved plus probable (2P) and 60 MMbbl proved plus probable plus possible (3P) reserves;
2P reserves replacement ratio of 245% even after annual production increase of 12%;
2P reserves and end of field life (“EOFL”) increased at every field;
2P reserves net present value before tax of US$934 million and US$752 million after tax⁽¹⁾;
Considering year-end 2024 cash position of US$259 million, Company net asset value (“NAV”) is US$1,012 million, equating C$13.6 per common share⁽²⁾;
Contingent resources⁽³⁾ of 48 MMbbl, more than double the total at end 2023; and
Decommissioning costs significantly reduced through engineering studies and increased EOFL to beyond 2030.

⁽¹⁾	^{Discounted at 10% (NPV₁₀)}
⁽²⁾	^{Proved plus probable (2P) NPV₁₀after tax plus cash of US$259.4 million (no debt), using US$/C$ exchange rate of 1.435, and 106.65 million common shares outstanding, as at December 31, 2024}
⁽³⁾	^{Unrisked 2C (best estimate) contingent resources}

Dr. Sean Guest, President and CEO commented:

“I am pleased to announce the results of our end 2024 reserves and resources evaluation, which shows again that our aggressive work programme can increase the ultimate potential of our fields and add value to our Company. In our second full year of operations we have again added more than double the reserves we produced, achieving a 2P reserves replacement ratio of 245%. This is a significant feat, considering we also increased production by 12% relative to 2023.

We also added to the ultimate potential of our portfolio, with all Thailand fields now having an economic field life lasting beyond 2030. Since taking over these assets, we have added at least four additional years of production life to each field. This means more years of future cash flow and is therefore a prime example of one key element of our strategy in action – driving further organic growth.

The net asset value of our business is now over US$1 billion – a record high, equating to more than C$13.6 per common share. This is based on our 2P after tax NPV₁₀increasing by 76% year-on-year, coupled with a new record year-end cash position.

In addition to discovering volumes through the drill bit and aggressively working to build our understanding of the intricate subsurface environment, various other financial and engineering studies have also added value. Our field abandonment costs have been reduced further through updated engineering studies which are benchmarked to actual abandonment operations in the Gulf of Thailand. The effect of this, combined with extended field life across the portfolio, is expected to reduce our Asset Retirement Obligation (“ARO”) on our balance sheet by more than 50% since we first assumed operatorship of these assets.

We are relentless in our pursuit of value and we remain focussed on allocating capital efficiently. Moreover, we see exciting reserves-adding opportunities ahead through the potential Wassana field redevelopment, as well as through ongoing infill development and appraisal drilling across the portfolio, and the selective exploration targets we will pursue this year.

At the same time, inorganic growth remains a key part of our strategy, and we are actively evaluating several opportunities to assess fit with our strict screening criteria.”

Valeura commissioned Netherland, Sewell & Associates, Inc. (“NSAI”) to assess reserves and resources for all of its Thailand assets as of December 31, 2024. NSAI’s evaluation is presented in a report dated February 13, 2025 (the “NSAI 2024 Report”). This follows previous evaluations conducted by the same firm for December 31, 2023 (the “NSAI 2023 Report”) and December 31, 2022 (the “NSAI 2022 Report”).

Oil and Gas Reserves by Field Based on Forecast Prices and Costs

		Gross (Before Royalties) Reserves, Working Interest Share (Mbbl)
Reserves by Field		Jasmine (Light/Medium)	Manora (Light/Medium)	Nong Yao (Light/Medium)	Wassana (Heavy)	Total
Proved	Producing Developed	5,268	1,370	6,541	2,894	16,073
	Non-Producing Developed	703	433	153	242	1,531
	Undeveloped	4,713	705	3,742	5,490	14,650
Total Proved (1P)		10,684	2,509	10,436	8,626	32,255
Total Probable (P2)		6,108	848	6,500	4,297	17,753
Total Proved + Probable (2P)		16,792	3,357	16,936	12,923	50,008
Total Possible (P3)		3,647	718	4,297	1,027	9,689
Total Proved + Probable + Possible (3P)		20,440	4,075	21,233	13,950	59,697

Summary of Reserves Replacement, Value, and Field Life

As compared to the NSAI 2023 Report, the NSAI 2024 Report indicates an addition of 2.4 MMbbl of proved (1P) reserves and 12.1 MMbbl of proved plus probable (2P) reserves, after having produced 8.4 MMbbl of oil in 2024. This reflects a 1P reserves replacement ratio of 128% and a 2P reserves replacement ratio of 245%.

Based on the mid-point of the Company’s 2025 production guidance of 23.0 – 25.5 Mbbl/d (24.25 Mbbl/d), on a 2P reserves basis as of December 31, 2024, the Company estimates its reserves life index (“RLI”) to be approximately 5.6 years. Using the same 2025 production estimate and 2P reserves as of December 31, 2023 and December 31, 2022, the RLI was approximately 4.3, and 3.3 years, respectively.

The net present value of estimated future revenue after income taxes, based on a 10% discount rate has increased between the NSAI 2023 Report and the NSAI 2024 Report from US$193.9 million to US$358.6 million on a 1P basis, an increase of 85%. On a 2P basis, the net present value of estimated future revenue after income taxes, based on a 10% discount rate has increased from US$428.5 million to US$752.2 million, an increase of 76%.

The Company estimates that, based on the 2P net present value of estimated future revenue after income taxes in the NSAI 2024 Report, based on a 10% discount rate, plus the Company’s 2024 year-end cash position of US$259.4 million, as disclosed on January 8, 2025, the Company has a 2P net asset value (“NAV”) of US$1,011.6 million. Using the year-end count of common shares outstanding (being 106.65 million) and foreign exchange rates, Valeura’s NAV equates to approximately C$13.6/share.

	1P NPV₁₀		2P NPV₁₀		3P NPV₁₀
	Before Tax	After Tax	Before Tax	After Tax	Before Tax	After Tax
NPV₁₀(US$ million)	360.7	358.6	933.9	752.2	1,339.1	990.2
Cash at December 31, 2024 (US$ million)⁽¹⁾	259.4	259.4	259.4	259.4	259.4	259.4
Net Asset Value (US$ million)	620.1	618.0	1,193.3	1,011.6	1,598.5	1,249.6
Common shares (million)⁽²⁾	106.65	106.65	106.65	106.65	106.65	106.65
Estimated NAV per basic share (C$ per share)⁽³⁾	8.3	8.3	16.1	13.6	21.5	16.8

⁽¹⁾	^{Cash at December 31, 2024 of US$259.4 million, debt nil}
⁽²⁾	^{Issued and outstanding common shares as of December 31, 2024}
⁽³⁾	^{US$/C$ exchange rate of 1.435 as at December 31, 2024}

The NSAI 2024 Report indicates a further extension in the anticipated end of field life for all assets in Valeura’s Thailand portfolio, as compared to the NSAI 2023 Report.

	Gross (Before Royalties) 2P Reserves, Working Interest Share							End of Field Life		2P NPV₁₀After Tax (US$ million)
Fields	December 31, 2023 (MMbbl)	2024 Production (MMbbl)		Additions (MMbbl)	December 31, 2024 (MMbbl)	Reserves Replacement Ratio (%)		NSAI 2023 Report	NSAI 2024 Report	December 31, 2023	December 31, 2024
Jasmine	10.4	(2.9	)	9.2	16.8	324	%	Dec 2028	Aug 2031	81.8	163.9
Manora	2.2	(0.9	)	2.1	3.4	223	%	Jul 2027	Apr 2030	21.2	45.7
Nong Yao	12.4	(3.1	)	7.7	16.9	245	%	Dec 2028	Dec 2033	185.6	416.1
Wassana	12.9	(1.4	)	1.5	12.9	102	%	Jun 2032	Dec 2035	139.9	126.6
Total	37.9	(8.4	)	20.5	50.0	245	%			428.5	752.2

Valeura has demonstrated two consecutive years of growth in both aggregate 2P reserves and the associated after-tax 2P NPV₁₀ value.

	Gross (Before Royalties) 2P Reserves, Working Interest Share (MMbbl)			2P NPV₁₀After Tax (US$ million)
Fields	December 31, 2022	December 31, 2023	December 31, 2024	December 31, 2022	December 31, 2023	December 31, 2024
Jasmine	10.0	10.4	16.8	37.1	81.8	163.9
Manora	1.8	2.2	3.4	12.1	21.2	45.7
Nong Yao	11.2	12.4	16.9	145.5	185.6	416.1
Wassana	6.1	12.9	12.9	66.3	139.9	126.6
Total	29.1	37.9	50.0	261.0	428.5	752.2

The NSAI 2024 Report does not assume a new redevelopment concept for the Wassana field and therefore does not include potential upside volumes associated with the Company’s contemplated redevelopment. Valeura is targeting readiness for a final investment decision (“FID”) in early Q2 2025. Should the Company opt to proceed with the redevelopment, management anticipates a higher production profile, with longer field life than is currently reflected in the NSAI 2024 Report.

Net Present Values of Future Net Revenue Based on Forecast Prices and Costs

Net present values of future net revenue from oil reserves are based on cost estimates as of the date of the NSAI 2024 Report, and forecast Brent crude oil reference prices of US$75.58, US$78.51, US$79.89, US$81.82, and US$83.46 per bbl for the years ending December 31, 2025, 2026, 2027, 2028, and 2029, respectively, with 2% escalation thereafter. NSAI assumes cost inflation of 2% per annum. Price realisation forecasts for each field are based on the Brent crude oil reference prices above, and adjusted for oil quality, and market differentials.

Based on Valeura’s revised corporate structure, as modified by the reorganisation completed in November 2024, values estimated by NSAI assume a combined, single tax filing for all of the Company’s Thai III fiscal concessions, covering the Wassana, Nong Yao, and Manora fields. The Jasmine field, being a Thai I fiscal concession, is outside this scope.

All estimated costs associated with the eventual decommissioning of the Company’s fields are included as part of the calculation of future net revenue, specifically within the Proved Producing Developed category.

		Before Tax NPV₁₀(US$ million)
Future Net Revenue by Field		Jasmine	Manora	Nong Yao	Wassana	Total
Proved	Producing Developed	(124.7)	(27.6)	146.2	(160.7)	(166.8)
	Non-Producing Developed	35.3	27.9	7.0	16.2	86.4
	Undeveloped	93.6	7.9	108.1	231.5	441.0
Total Proved (1P)		4.2	8.2	261.3	87.0	360.7
Total Probable (P2)		217.4	39.1	204.5	112.3	573.3
Total Proved + Probable (2P)		221.5	47.3	465.8	199.3	933.9
Total Possible (P3)		168.8	29.6	150.7	56.1	405.1
Total Proved + Probable + Possible (3P)		390.3	76.9	616.5	255.4	1,339.1

		After Tax NPV₁₀(US$ million)
Future Net Revenue by Field		Jasmine	Manora	Nong Yao	Wassana	Total
Proved	Producing Developed	(131.4)	(27.6)	146.2	(160.7)	(173.4)
	Non-Producing Developed	33.9	27.9	7.0	16.2	85.1
	Undeveloped	99.6	7.9	108.1	231.5	447.0
Total Proved (1P)		2.1	8.2	261.3	87.0	358.6
Total Probable (P2)		161.8	37.4	154.8	39.6	393.6
Total Proved + Probable (2P)		163.9	45.7	416.1	126.6	752.2
Total Possible (P3)		96.7	20.4	93.3	27.6	238.0
Total Proved + Probable + Possible (3P)		260.6	66.1	509.3	154.2	990.2

Asset Retirement Obligations

During 2024, the Company conducted extensive engineering studies into the eventual decommissioning of its fields. These studies utilised costs benchmarked to current decommissioning activities underway elsewhere within the Gulf of Thailand. Valeura’s work since acquiring the assets in early 2023 has resulted in a reduction of 32% in the anticipated cost to decommission the assets (US$ real basis).

In addition, the significant extensions to the economic life of all of the Company’s fields means the timing for decommissioning expenditure has shifted further into the future. The combined effect is estimated to be a material reduction in the ARO liability to be shown on the Company’s balance sheet. While the final ARO is still to be reviewed by the Company’s auditor, management estimates that the ARO as at December 31, 2024 will have been reduced by approximately 35% from year-end 2023 and more than 50% relative to the Company’s first estimate upon assuming operatorship of the Thai portfolio in Q1 2023.

Resources

NSAI assessed the Company’s contingent resources of its Thailand assets for additional reservoir accumulations and reported estimates in the NSAI 2024 Report, the NSAI 2023 Report, and the NSAI 2022 Report. Contingent resources are heavy crude oil and light/medium crude oil, and are further divided into two subcategories, being Development Unclarified and Development Not Viable (see oil and gas advisories). Each subcategory is assigned a percentage risk, reflecting the estimated chance of development. Aggregate totals are provided below.

Contingent Resources	NSAI 2022 Report Gross (Before Royalties) Working Interest Share		NSAI 2023 Report Gross (Before Royalties) Working Interest Share		NSAI 2024 Report Gross (Before Royalties) Working Interest Share
Contingent Resources	Unrisked (MMbbl)	Risked (MMbbl)	Unrisked (MMbbl)	Risked (MMbbl)	Unrisked (MMbbl)	Risked (MMbbl)
Low Estimate (1C)	10.4	1.8	15.2	6.5	29.4	9.2
Best Estimate (2C)	14.1	2.5	19.9	8.9	48.4	13.5
High Estimate (3C)	22.1	3.9	27.9	11.6	72.1	18.0

Comparing the NSAI 2023 Report to the NSAI 2024 Report, the Company has recorded an increase in the best estimate (2C) unrisked contingent resources of 143%.

The Company last completed an independent assessment of its prospective resources in Türkiye, effective December 31, 2018, which is available under Valeura’s issuer profile on SEDAR+ at www.sedarplus.com. Valeura has no reserves or contingent resources associated with its properties in Türkiye.

Further Disclosure and Webcast
Valeura intends to disclose a summary of the NSAI 2024 Report to Thailand’s upstream regulator later in February 2025. Thereafter, the Company will publish its estimates of reserves and resources in accordance with the requirements of National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities along with its annual information form for the year ended December 31, 2025, on approximately March 26, 2025.

Valeura’s management team will host an investor and analyst webcast at 08:00 Calgary / 15:00 London / 22:00 Bangkok / 23:00 Singapore on Thursday, February 13, 2025 to discuss its reserves and contingent resources. Please register in advance via the link below.

Registration link: https://events.teams.microsoft.com/event/a527dbad-61ff-47b1-8330-a10c28cfd2ee@a196a1a0-4579-4a0c-b3a3-855f4db8f64b

As an alternative, an audio only feed of the event is available by phone using the Conference ID and dial-in numbers below.

Thailand: +66 2 026 9035,,817613646#
Singapore: +65 6450 6302,,817613646#
Canada: (833) 845-9589,,817613646#
Türkiye: 0800 142 034779,,817613646#
United States: (833) 846-5630,,817613646#
United Kingdom: 0800 640 3933,,817613646#

Phone conference ID: 817 613 646#

For further information, please contact:

Valeura Energy Inc. (General Corporate Enquiries) +65 6373 6940
Sean Guest, President and CEO
Yacine Ben-Meriem, CFO
Contact@valeuraenergy.com

Valeura Energy Inc. (Investor and Media Enquiries) +1 403 975 6752 / +44 7392 940495
Robin James Martin, Vice President, Communications and Investor Relations
IR@valeuraenergy.com

Contact details for the Company’s advisors, covering research analysts and joint brokers, including Auctus Advisors LLP, Canaccord Genuity Ltd (UK), Cormark Securities Inc., Research Capital Corporation, and Stifel Nicolaus Europe Limited, are listed on the Company’s website at www.valeuraenergy.com/investor-information/analysts/.

About the Company

Valeura Energy Inc. is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and in Türkiye. The Company is pursuing a growth-oriented strategy and intends to re-invest into its producing asset portfolio and to deploy resources toward further organic and inorganic growth in Southeast Asia. Valeura aspires toward value accretive growth for stakeholders while adhering to high standards of environmental, social and governance responsibility.

Additional information relating to Valeura is also available on SEDAR+ at www.sedarplus.ca.

Oil and Gas Advisories

Reserves and contingent resources disclosed in this news release are based on an independent evaluation conducted by the incumbent independent petroleum engineering firm, NSAI with an effective date of December 31, 2024. The NSAI estimates of reserves and resources were prepared using guidelines outlined in the Canadian Oil and Gas Evaluation Handbook and in accordance with National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities. The reserves and contingent resources estimates disclosed in this news release are estimates only and there is no guarantee that the estimated reserves and contingent resources will be recovered.

This news release contains a number of oil and gas metrics, including “NAV”, “reserves replacement ratio”, “RLI”, and “end of field life” which do not have standardised meanings or standard methods of calculation and therefore such measures may not be comparable to similar measures used by other companies. Such metrics are commonly used in the oil and gas industry and have been included herein to provide readers with additional measures to evaluate the Company’s performance; however, such measures are not reliable indicators of the future performance of the Company and future performance may not compare to the performance in previous periods.

“NAV” is calculated by adding the estimated future net revenues based on a 10% discount rate to net cash, (which is comprised of cash less debt) as of December 31, 2024. NAV is expressed on a per share basis by dividing the total by basic common shares outstanding. NAV per share is not predictive and may not be reflective of current or future market prices for Valeura.

“Reserves replacement ratio” for 2024 is calculated by dividing the difference in reserves between the NSAI 2024 Report and the NSAI 2023 Report, plus actual 2024 production, by the assets’ total production before royalties for the calendar year 2024.

“RLI” is calculated by dividing reserves by management’s estimated total production before royalties for 2025.

“End of field life” is calculated by NSAI as the date at which the monthly net revenue generated by the field is equal to or less than the asset’s operating cost.

Reserves

Reserves are estimated remaining quantities of commercially recoverable oil, natural gas, and related substances anticipated to be recoverable from known accumulations, as of a given date, based on the analysis of drilling, geological, geophysical, and engineering data, the use of established technology, and specified economic conditions, which are generally accepted as being reasonable. Reserves are further categorised according to the level of certainty associated with the estimates and may be sub-classified based on development and production status.

Proved reserves are those reserves that can be estimated with a high degree of certainty to be recoverable. It is likely that the actual remaining quantities recovered will exceed the estimated proved reserves.

Developed reserves are those reserves that are expected to be recovered from existing wells and installed facilities or, if facilities have not been installed, that would involve a low expenditure (e.g., when compared to the cost of drilling a well) to put the reserves on production.

Developed producing reserves are those reserves that are expected to be recovered from completion intervals open at the time of the estimate. These reserves may be currently producing or, if shut in, they must have previously been on production, and the date of resumption of production must be known with reasonable certainty.

Developed non-producing reserves are those reserves that either have not been on production, or have previously been on production, but are shut in, and the date of resumption of production is unknown.

Undeveloped reserves are those reserves expected to be recovered from known accumulations where a significant expenditure (e.g., when compared to the cost of drilling a well) is required to render them capable of production. They must fully meet the requirements of the reserves classification (proved, probable, possible) to which they are assigned.

Probable reserves are those additional reserves that are less certain to be recovered than proved reserves. It is equally likely that the actual remaining quantities recovered will be greater or less than the sum of the estimated proved plus probable reserves.

Possible reserves are those additional reserves that are less certain to be recovered than probable reserves. It is unlikely that the actual remaining quantities recovered will exceed the sum of the estimated proved plus probable plus possible reserves. There is a 10% probability that the quantities actually recovered will equal or exceed the sum of the estimated proved plus probable plus possible reserves.

The estimated future net revenues disclosed in this news release do not necessarily represent the fair market value of the reserves associated therewith.

The estimates of reserves and future net revenue for individual properties may not reflect the same confidence level as estimates of reserves and future net revenue for all properties, due to the effects of aggregation.

Contingent Resources

Contingent resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations using established technology or technology under development, but which are not currently considered to be commercially recoverable due to one or more contingencies. Contingencies are conditions that must be satisfied for a portion of contingent resources to be classified as reserves that are: (a) specific to the project being evaluated; and (b) expected to be resolved within a reasonable timeframe.

Contingent resources are further categorised according to the level of certainty associated with the estimates and may be sub‐classified based on a project maturity and/or characterised by their economic status. There are three classifications of contingent resources: low estimate, best estimate and high estimate. Best estimate is a classification of estimated resources described in the Canadian Oil and Gas Evaluation Handbook as the best estimate of the quantity that will be actually recovered; it is equally likely that the actual remaining quantities recovered will be greater or less than the best estimate. If probabilistic methods are used, there should be at least a 50 percent probability that the quantities actually recovered will equal or exceed the best estimate.

The project maturity subclasses include development pending, development on hold, development unclarified and development not viable. The contingent resources disclosed in this news release are classified as either development unclarified or development not viable.

Development unclarified is defined as a contingent resource that requires further appraisal to clarify the potential for development and has been assigned a lower chance of development until commercial considerations can be clearly defined. Chance of development is the likelihood that an accumulation will be commercially developed.

Conversion of the development unclarified resources referred to in this news release is dependent upon (1) the expected timetable for development; (2) the economics of the project; (3) the marketability of the oil and gas production; (4) the availability of infrastructure and technology; (5) the political, regulatory, and environmental conditions; (6) the project maturity and definition; (7) the availability of capital; and, ultimately, (8) the decision of joint venture partners to undertake development.

The major positive factor relevant to the estimate of the contingent development unclarified resources referred to in this news release is the successful discovery of resources encountered in appraisal and development wells within the existing fields. The major negative factors relevant to the estimate of the contingent development unclarified resources referred to in this news release are: (1) the outstanding requirement for a definitive development plan; (2) current economic conditions do not support the resource development; (3) limited field economic life to develop the resources; and (4) the outstanding requirement for a final investment decision and commitment of all joint venture partners.

Development not viable is defined as a contingent resource where no further data acquisition or evaluation is currently planned and hence there is a low chance of development, there is usually less than a reasonable chance of economics of development being positive in the foreseeable future. The major negative factors relevant to the estimate of development not viable referred to in this news release are: (1) current economic conditions do not support the resource development; and (2) availability of technical knowledge and technology within the industry to economically support resource development.

If these contingencies are successfully addressed, some portion of these contingent resources may be reclassified as reserves.

Of the best estimate 2C contingent resources estimated in the NSAI 2024 Report, on a risked basis: 74% of the estimated volumes are light/medium crude oil, with the remainder being heavy oil; 77% are categorised as Development Unclarified, with the remainder being Development Not Viable. Development Unclarified 2C resources have been assigned an average chance of development for the four fields ranging from 30% to 50% depending on oil type, while 2C Development Not Viable resources have been assigned an average chance of development ranging from 16% to 17%.

Resources Project Maturity Subclass	Light and Medium Crude Oil (Development Unclarified)				Chance of Development (%)
	Unrisked		Risked
	Gross (Mbbl)	Net (Mbbl)	Gross (Mbbl)	Net (Mbbl)
Contingent Low Estimate (1C) Development Unclarified	8,267	7,334	3,108	2,742	38	%
Contingent Best Estimate (2C) Development Unclarified	14,178	12,538	4,227	3,728	30	%
Contingent High Estimate (3C) Development Unclarified	21,072	18,644	5,289	4,673	25	%

Resources Project Maturity Subclass	Heavy Crude Oil (Development Unclarified)				Chance of Development (%)
	Unrisked		Risked
	Gross (Mbbl)	Net (Mbbl)	Gross (Mbbl)	Net (Mbbl)
Contingent Low Estimate (1C) Development Unclarified	7,807	7,358	4,045	3,813	52	%
Contingent Best Estimate (2C) Development Unclarified	10,641	10,029	5,325	5,018	50	%
Contingent High Estimate (3C) Development Unclarified	14,524	13,689	6,560	6,182	45	%

Resources Project Maturity Subclass	Light and Medium Crude Oil (Development Not Viable)				Chance of Development (%)
	Unrisked		Risked
	Gross (Mbbl)	Net (Mbbl)	Gross (Mbbl)	Net (Mbbl)
Contingent Low Estimate (1C) Development Not Viable	11,294	10,502	1,694	1,575	15	%
Contingent Best Estimate (2C) Development Not Viable	21,539	19,965	3,652	3,319	17	%
Contingent High Estimate (3C) Development Not Viable	33,503	30,964	5,363	4,802	16	%

Resources Project Maturity Subclass	Heavy Crude Oil (Development Not Viable)				Chance of Development (%)
	Unrisked		Risked
	Gross (Mbbl)	Net (Mbbl)	Gross (Mbbl)	Net (Mbbl)
Contingent Low Estimate (1C) Development Not Viable	2,069	1,950	310	293	15	%
Contingent Best Estimate (2C) Development Not Viable	2,091	1,971	341	321	16	%
Contingent High Estimate (3C) Development Not Viable	3,003	2,830	815	768	27	%

The NSAI estimates have been risked, using the chance of development, to account for the possibility that the contingencies are not successfully addressed. Due to the early stage of development for the development unclarified resources, NSAI did not perform an economic analysis of these resources; as such, the economic status of these resources is undetermined and there is uncertainty that any portion of the contingent resources disclosed in this new release will be commercially viable to produce.

Glossary

bbl barrels of oil
Mbbl thousand barrels of oil
MMbbl million barrels of oil

Advisory and Caution Regarding Forward-Looking Information

Certain information included in this news release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is for the purpose of explaining management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information typically contains statements with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “propose”, “project”, “target” or similar words suggesting future outcomes or statements regarding an outlook.

Forward-looking information in this news release includes, but is not limited to, the Company’s belief that it has added to the ultimate potential of its portfolio; the anticipated economic life of its portfolio; expectations regarding future cash flow; the expectation that ARO on its December 31, 2024 balance sheet will indicate a reduction of approximately 35% versus December 31, 2023 and more than 50% since first assuming operatorship of its assets; business objectives and targets; organic and inorganic growth opportunities; the anticipated end of life for Valeura’s Thailand assets; the potential for adding reserves through the Wassana field redevelopment as well as through ongoing infill development, appraisal drilling, and exploration targets; statements related to the Company’s 2025 production guidance of 23.0 – 25.5 Mbbl/d; estimates of the Company’s RLI; timing for FID readiness on the potential Wassana field redevelopment; management’s anticipation of a higher production profile with longer field life from the Wassana field, should it opt to proceed with the redevelopment; forecast Brent crude oil reference prices; assumption of a single tax filing; estimated costs for the eventual decommissioning of its fields; the intention to disclose a summary of the NSAI 2024 Report to Thailand’s upstream regulator; the anticipated filing date of the Company’s annual information form along with its estimates of reserves and resources; and the timing of the investor and analyst webcast.

In addition, statements related to “reserves” and “resources” are deemed to be forward-looking information

as they involve the implied assessment, based on certain estimates and assumptions, that the resources can

be discovered and profitably produced in the future.

Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.

Forward-looking information is based on management’s current expectations and assumptions regarding, among other things: political stability of the areas in which the Company is operating; continued safety of operations and ability to proceed in a timely manner; continued operations of and approvals forthcoming from governments and regulators in a manner consistent with past conduct; ability to achieve extensions to licences in Thailand and Türkiye to support attractive development and resource recovery; future drilling activity on the required/expected timelines; the prospectivity of the Company’s lands; the continued favourable pricing and operating netbacks across its business; future production rates and associated operating netbacks and cash flow; decline rates; future sources of funding; future economic conditions; the impact of inflation of future costs; future currency exchange rates; interest rates; the ability to meet drilling deadlines and fulfil commitments under licences and leases; future commodity prices; the impact of the Russian invasion of Ukraine; the impact of conflicts in the Middle East; royalty rates and taxes; management’s estimate of cumulative tax losses being correct; future capital and other expenditures; the success obtained in drilling new wells and working over existing wellbores; the performance of wells and facilities; the availability of the required capital to funds its exploration, development and other operations, and the ability of the Company to meet its commitments and financial obligations; the ability of the Company to secure adequate processing, transportation, fractionation and storage capacity on acceptable terms; the capacity and reliability of facilities; the application of regulatory requirements respecting abandonment and reclamation; the recoverability of the Company’s reserves and contingent resources; future growth; the sufficiency of budgeted capital expenditures in carrying out planned activities; the impact of increasing competition; the availability and identification of mergers and acquisition opportunities; the ability to successfully negotiate and complete any mergers and acquisition opportunities; the ability to efficiently integrate assets and employees acquired through acquisitions; global energy policies going forward; international trade policies; future debt levels; and the Company’s continued ability to obtain and retain qualified staff and equipment in a timely and cost efficient manner. In addition, the Company’s work programmes and budgets are in part based upon expected agreement among joint venture partners and associated exploration, development and marketing plans and anticipated costs and sales prices, which are subject to change based on, among other things, the actual results of drilling and related activity, availability of drilling, offshore storage and offloading facilities and other specialised oilfield equipment and service providers, changes in partners’ plans and unexpected delays and changes in market conditions. Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.

Forward-looking information involves significant known and unknown risks and uncertainties. Exploration, appraisal, and development of oil and natural gas reserves and resources are speculative activities and involve a degree of risk. A number of factors could cause actual results to differ materially from those anticipated by the Company including, but not limited to: the ability of management to execute its business plan or realise anticipated benefits from acquisitions; the risk of disruptions from public health emergencies and/or pandemics; competition for specialised equipment and human resources; the Company’s ability to manage growth; the Company’s ability to manage the costs related to inflation; disruption in supply chains; the risk of currency fluctuations; changes in interest rates, oil and gas prices and netbacks; the risk that the Company’s tax advisors’ and/or auditors’ assessment of the Company’s cumulative tax losses varies significantly from management’s expectations of the same; potential changes in joint venture partner strategies and participation in work programmes; uncertainty regarding the contemplated timelines and costs for work programme execution; the risks of disruption to operations and access to worksites; potential changes in laws and regulations, including international treaties and trade policies; the uncertainty regarding government and other approvals; counterparty risk; the risk that financing may not be available; risks associated with weather delays and natural disasters; and the risk associated with international activity. See the most recent annual information form and management’s discussion and analysis of the Company for a detailed discussion of the risk factors.

Certain forward-looking information in this news release may also constitute “financial outlook” within the meaning of applicable securities legislation. Financial outlook involves statements about Valeura’s prospective financial performance or position and is based on and subject to the assumptions and risk factors described above in respect of forward-looking information generally as well as any other specific assumptions and risk factors in relation to such financial outlook noted in this news release. Such assumptions are based on management’s assessment of the relevant information currently available, and any financial outlook included in this news release is made as of the date hereof and provided for the purpose of helping readers understand Valeura’s current expectations and plans for the future. Readers are cautioned that reliance on any financial outlook may not be appropriate for other purposes or in other circumstances and that the risk factors described above or other factors may cause actual results to differ materially from any financial outlook.

The forward-looking information contained in this news release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This news release is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

The MIL Network –

February 13, 2025

MIL-OSI: Equinor ASA: Ex. dividend third quarter 2024 today-Oslo Børs

Source: GlobeNewswire (MIL-OSI)

The shares in Equinor ASA (OSE: EQNR; NYSE: EQNR) will as from today be traded on Oslo Stock Exchange exclusive the third quarter 2024 cash dividend as detailed below.

Ex. date: 13 February 2025

Ordinary cash dividend amount: 0.35

Extraordinary cash dividend amount: 0.35

Announced currency: USD

This information is published in accordance with the requirements of the Continuing Obligations and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act

The MIL Network –

February 13, 2025

MIL-OSI: Falcon Oil & Gas Ltd. – Operational Update on the Stimulation Campaign

Source: GlobeNewswire (MIL-OSI)

Falcon Oil & Gas Ltd.
(“Falcon”, “Group”)

Operational Update on the Stimulation Campaign

13 February 2025 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) provides the following update on the stimulation campaign for the Shenandoah S2-2H ST1 (“SS-2H ST1”) and Shenandoah South 4H (“SS-4H”) wells in the Beetaloo Sub-basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s (“Falcon Australia”) joint venture partner, Tamboran (B2) Pty Limited (“Operator”).

SS-2H ST1

As previously announced stimulation operations were successfully completed over 35 stages across the 1,671-metre (5,483-feet) horizontal section of the Amungee Member B-shale with Liberty Energy (NYSE: LBRT) stimulation equipment.

The SS-2H ST1 well is being prepared for the commencement of initial flow back and extended production testing.
Targeting announcement of 30 day initial production (“IP30”) flow rates in April 2025.

SS-4H

Commenced stimulation operations in January 2025.
The Operator took proactive and precautionary steps to pause completion operations due to the detection of stress in a casing connection.
Reinforcement activities are planned to be conducted in Q1 2025, aiming for stimulation activities to recommence in Q2 2025, as soon as the IP30 flow test is completed at SS-2H ST1.
The deferred stimulation program should provide an opportunity to incorporate lessons from the SS-2H ST1 campaign.
Targeting announcement of IP30 flow rates in mid-2025.

Working Capital

Falcon Australia has received a A$4.7 million (~US$3 million) research and development tax offset in cash.
The Group’s current cash balance is US$8.2 million.

Philip O’Quigley, CEO of Falcon commented:
“We continue to be extremely encouraged about the potential of the current stimulation program based on strong gas shows and other data observed whilst drilling, together with the completion of a successful stimulation program on SS-2H ST1 well. We look forward to updating the market on the IP30 flow test results from both wells as soon as they become available.”

Ends.
CONTACT DETAILS:

Falcon Oil & Gas Ltd.	+353 1 676 8702
Philip O’Quigley, CEO	+353 87 814 7042
Anne Flynn, CFO	+353 1 676 9162

Cavendish Capital Markets Limited (NOMAD & Broker)
Neil McDonald / Adam Rae	+44 131 220 9771

This announcement has been reviewed by Dr. Gábor Bada, Falcon Oil & Gas Ltd’s Technical Advisor. Dr. Bada obtained his geology degree at the Eötvös L. University in Budapest, Hungary and his PhD at the Vrije Universiteit Amsterdam, the Netherlands. He is a member of AAPG.

About Falcon Oil & Gas Ltd.

Falcon Oil & Gas Ltd is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.

Falcon Oil & Gas Australia Limited is a c. 98% subsidiary of Falcon Oil & Gas Ltd.

For further information on Falcon Oil & Gas Ltd. Please visit www.falconoilandgas.com

About Beetaloo Joint Venture (EP 76, 98 and 117)

Company	Interest
Falcon Oil & Gas Australia Limited (Falcon Australia)	22.5%
Tamboran (B2) Pty Limited	77.5%
Total	100.0%

Shenandoah South Pilot Project -2 Drilling Space Units – 46,080 acres¹

Company	Interest
Falcon Oil & Gas Australia Limited (Falcon Australia)	5.0%
Tamboran (B2) Pty Limited	95.0%
Total	100.0%

¹Subject to the completion of the SS2H ST1 and SS4H wells on the Shenandoah South pad 2.

About Tamboran (B2) Pty Limited
Tamboran (B1) Pty Limited (“Tamboran B1”) is the 100% holder of Tamboran (B2) Pty Limited, with Tamboran B1 being a 50:50 joint venture between Tamboran Resources Corporation and Daly Waters Energy, LP.

Tamboran Resources Corporation, is a natural gas company listed on the NYSE (TBN) and ASX (TBN). Tamboran is focused on playing a constructive role in the global energy transition towards a lower carbon future, by developing the significant low CO₂ gas resource within the Beetaloo Basin through cutting-edge drilling and completion design technology as well as management’s experience in successfully commercialising unconventional shale in North America.

Bryan Sheffield of Daly Waters Energy, LP is a highly successful investor and has made significant returns in the US unconventional energy sector in the past. He was Founder of Parsley Energy Inc. (“PE”), an independent unconventional oil and gas producer in the Permian Basin, Texas and previously served as its Chairman and CEO. PE was acquired for over US$7 billion by Pioneer Natural Resources Company.

Advisory regarding forward-looking statements
Certain information in this press release may constitute forward-looking information. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking information. Forward-looking information typically contains statements with words such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “dependent”, “consider” “potential”, “scheduled”, “forecast”, “outlook”, “budget”, “hope”, “suggest”, “support” “planned”, “approximately”, “potential” or the negative of those terms or similar words suggesting future outcomes. In particular, forward-looking information in this press release includes, details on the completion of the stimulation, preparation for initial flow back and targeting an IP30 flow rate of April 2025 for SS-2H ST1; steps taken to pause operations, planned reinforcement activities in Q1 2025, aiming for recommencement of activities in Q2 2025, opportunity to incorporate lessons from the SS-2H ST1 campaign and targeting IP30 flow rates in mid-2025 for SS-4H.

This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. The risks, assumptions and other factors that could influence actual results include risks associated with fluctuations in market prices for shale gas; risks related to the exploration, development and production of shale gas reserves; general economic, market and business conditions; substantial capital requirements; uncertainties inherent in estimating quantities of reserves and resources; extent of, and cost of compliance with, government laws and regulations and the effect of changes in such laws and regulations; the need to obtain regulatory approvals before development commences; environmental risks and hazards and the cost of compliance with environmental regulations; aboriginal claims; inherent risks and hazards with operations such as mechanical or pipe failure, cratering and other dangerous conditions; potential cost overruns, drilling wells is speculative, often involving significant costs that may be more than estimated and may not result in any discoveries; variations in foreign exchange rates; competition for capital, equipment, new leases, pipeline capacity and skilled personnel; the failure of the holder of licenses, leases and permits to meet requirements of such; changes in royalty regimes; failure to accurately estimate abandonment and reclamation costs; inaccurate estimates and assumptions by management and their joint venture partners; effectiveness of internal controls; the potential lack of available drilling equipment; failure to obtain or keep key personnel; title deficiencies; geo-political risks; and risk of litigation.

Readers are cautioned that the foregoing list of important factors is not exhaustive and that these factors and risks are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Falcon assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to Falcon. Additional information identifying risks and uncertainties is contained in Falcon’s filings with the Canadian securities regulators, which filings are available at www.sedarplus.com, including under “Risk Factors” in the Annual Information Form.

Any references in this news release to initial production rates are useful in confirming the presence of hydrocarbons; however, such rates are not determinative of the rates at which such wells will continue production and decline thereafter and are not necessarily indicative of long-term performance or ultimate recovery. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production for Falcon. Such rates are based on field estimates and may be based on limited data available at this time.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The MIL Network –

February 13, 2025

INVESTOR CONTACT:	MEDIA CONTACT:
Chris Ayres	Brooke Coe
(405) 935-8870	(405) 935-8878
ir@expandenergy.com	media@expandenergy.com

Category: Energy

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