Latest news with #2024AnnualReport
Observer
3 days ago
- Business
- Observer
Oman's HyDuqm hydrogen project eyes FID in 2027
MUSCAT: Hydrogen Duqm LLC (HyDuqm), one of nine large-scale green hydrogen and ammonia projects currently in early development in Oman, anticipates a Final Investment Decision (FID) in 2027, with production slated to commence in 2030. HyDuqm represents a joint venture set up by six leading global companies comprising POSCO Holdings, Samsung Engineering Company Limited, Korea East-West Power Company Limited, Korea Southern Power Company Limited, MESCAT Middle East DMCC (a subsidiary of ENGIE from France), and FutureTech Energy Ventures Limited (FTEV) - the clean energy arm of Thai energy conglomerate PTTEP. In 2023, the JV partners won a concession from Hydrom, the master-planner of Oman's green hydrogen (GH2) economy, to develop a GH2 project in Block Z1-02 in Al Wusta Governorate. The project targets an annual capacity of 1.2 million tonnes of green ammonia, focusing on clean energy production from green hydrogen. According to PTTEP subsidiary FTEV, the partners of HyDuqm are currently 'in the process of assessing wind and solar energy potential (Renewable Resource Assessment) and conducting a feasibility study to evaluate the investment value and profitability of the project prior starting engineering design'. Significantly, FTEV's role as a JV partner in HyDuqm is the latest addition to parent organization PTTEP's expanding presence in Oman's energy industry. 'This investment supports the growth of new businesses aligning with the Company's business plan and provides an opportunity to apply knowledge and experience in green hydrogen production in Thailand, in line with future energy policies,' PTTEP noted in its recently issued 2024 Annual Report. 'PTTEP completed the installation of wind and solar potential measurement stations and has begun collecting data to support the project operations. The ongoing feasibility study phase includes geographical, geotechnical, and hydrological assessments, as well as a Preliminary Environmental and Social Impact Assessment (Pre-ESIA),' it further stated. The feasibility study, according to the Thai state-owned energy giant, will also help determine the amount of required capital expenditure and economic return before proceeding to the engineering design phase in 2025. The Annual Report also shed light on the performance of PTTEP's portfolio of investments in the upstream and midstream segments of Oman's oil and gas sector. One of its largest investments is in Block 61 in central Oman, which accounts for around a third of Oman's gas production. PTTEP owns a 20 per cent interest in the BP-operated concession. In 2024, natural gas and condensate production averaged 1,511 MMSCFD (approximately 267,746 barrels of oil equivalent per day - BOED) and 56,087 bpd respectively. Production from Block 6 – the largest producing oil asset in central Oman – averaged 66,490 bpd of crude oil in 2024. PTTEP Group holds a 2 per cent participating interest in this project, with Petroleum Development Oman (PDO) as the operator. In south Oman, PTTEP Group holds a 1 per cent participating interest in Block 53 (also known as the Mukhaizna field) with Occidental as the operator. In 2024, the average crude oil production was 75,227 bpd. Recently, Oman's Ministry of Energy and Minerals signed an agreement to extend the Block 53 Exploration and Production Sharing Agreement (EPSA) with Occidental and its partners until 2050. Rounding off its upstream assets is Block 12, a large onshore natural gas exploration block in central Oman. PTTEP Group holds a 20 per cent participating interest in the project, with TotalEnergies as the operator. In 2024, two exploration wells were completed, while geological and geophysical studies are currently underway. PTTEP subsidiary PTTEP Oman E&P Corporation (POC), formerly Partex Oman Corporation, also has a 2 percent stake in Oman LNG LLC and an indirect 0.7 per cent stake in Qalhat LNG.
Cision Canada
5 days ago
- Business
- Cision Canada
ROYAL CANADIAN MINT REPORTS PROFITS AND PERFORMANCE FOR Q1 2025 Français
OTTAWA, ON, May 29, 2025 /CNW/ - The Royal Canadian Mint (the "Mint") is announcing its financial results for the first quarter of 2025. These results provide insights into the Mint's activities, the impacts of economic uncertainties and trade barriers on its businesses and its expectations for the next 12 months. "Throughout the first quarter, the Royal Canadian Mint navigated the uncertainties of a challenging and unpredictable global market," said Marie Lemay, President and CEO of the Royal Canadian Mint. "Our talented people invested a lot of time and energy over the last several months to evaluate the impact of U.S. tariffs and respond to the market volatility in a way that positions the Mint to withstand these headwinds over the long-term by adjusting our priorities and capitalizing on opportunities." To read the Mint's First Quarter Report for 2025, please visit The Mint's 2024 Annual Report, including its audited financial statements as at and for the year ended December 31, 2024, was submitted to the Minister of Finance on March 27, 2025, in accordance with the Financial Administration Act Section 50(1). As of the date of this earnings release, the Mint's 2024 Annual Report has not been tabled in Parliament and will not be available for public release until the tabling occurs. About the Royal Canadian Mint The Royal Canadian Mint is the Crown corporation responsible for the minting and distribution of Canada's circulation coins. The Mint is one of the largest and most versatile mints in the world, producing award-winning collector coins, market-leading bullion products, as well as Canada's prestigious military and civilian honours. As an established London and COMEX Good Delivery refiner, the Mint also offers a full spectrum of best-in-class gold and silver refining services. As an organization that strives to take better care of the environment, to cultivate safe and inclusive workplaces and to make a positive impact on the communities where it operates, the Mint integrates environmental, social and governance practices in every aspect of its operations. For more information on the Mint, its products and services, visit Follow the Mint on LinkedIn, Facebook and Instagram.
Yahoo
5 days ago
- Business
- Yahoo
ROYAL CANADIAN MINT REPORTS PROFITS AND PERFORMANCE FOR Q1 2025
OTTAWA, ON, May 29, 2025 /CNW/ - The Royal Canadian Mint (the "Mint") is announcing its financial results for the first quarter of 2025. These results provide insights into the Mint's activities, the impacts of economic uncertainties and trade barriers on its businesses and its expectations for the next 12 months. "Throughout the first quarter, the Royal Canadian Mint navigated the uncertainties of a challenging and unpredictable global market," said Marie Lemay, President and CEO of the Royal Canadian Mint. "Our talented people invested a lot of time and energy over the last several months to evaluate the impact of U.S. tariffs and respond to the market volatility in a way that positions the Mint to withstand these headwinds over the long-term by adjusting our priorities and capitalizing on opportunities." To read the Mint's First Quarter Report for 2025, please visit The Mint's 2024 Annual Report, including its audited financial statements as at and for the year ended December 31, 2024, was submitted to the Minister of Finance on March 27, 2025, in accordance with the Financial Administration Act Section 50(1). As of the date of this earnings release, the Mint's 2024 Annual Report has not been tabled in Parliament and will not be available for public release until the tabling occurs. About the Royal Canadian MintThe Royal Canadian Mint is the Crown corporation responsible for the minting and distribution of Canada's circulation coins. The Mint is one of the largest and most versatile mints in the world, producing award-winning collector coins, market-leading bullion products, as well as Canada's prestigious military and civilian honours. As an established London and COMEX Good Delivery refiner, the Mint also offers a full spectrum of best-in-class gold and silver refining services. As an organization that strives to take better care of the environment, to cultivate safe and inclusive workplaces and to make a positive impact on the communities where it operates, the Mint integrates environmental, social and governance practices in every aspect of its operations. For more information on the Mint, its products and services, visit Follow the Mint on LinkedIn, Facebook and Instagram. SOURCE Royal Canadian Mint (RCM) View original content: Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
7 days ago
- Business
- Business Wire
Marti Technologies, Inc. Files Annual Report on Form 20-F for Fiscal Year 2024
ISTANBUL, Türkiye--(BUSINESS WIRE)--Marti Technologies, Inc. ('Marti' or the 'Company') (NYSE American: MRT), Türkiye's leading mobility super app, announced that it has filed its annual report on Form 20-F, including its financial results, for the fiscal year ended December 31, 2024 (the '2024 Annual Report') with the U.S. Securities and Exchange Commission. The 2024 Annual Report can be accessed under the 'Financial Info' section of the Company's investor relations website at In addition, Marti shareholders may receive, free of charge, a hard copy of the Company's complete financial statements by requesting a copy from the contact below. About Marti: Founded in 2018, Marti is Türkiye's leading mobility app, offering multiple transportation services to its riders. Marti operates a ride-hailing service that matches riders with car, motorcycle, and taxi drivers, and operates a large fleet of rental e-mopeds, e-bikes, and e-scooters. All of Marti's offerings are serviced by proprietary software systems and IoT infrastructure. For more information, visit
Mid East Info
26-05-2025
- Business
- Mid East Info
SRSA Releases 2024 Annual Report: 28 Coastal Tourism Licenses Issued, 1,011 Saudis Trained for Sector Growth
The Saudi Red Sea Authority (SRSA) has published its 2024 Annual Report, outlining key advancements in regulating and developing coastal tourism. Over the past year, SRSA has strengthened integration, expanded partnerships, and introduced new regulations, licenses, permits, and technical codes to enhance infrastructure and elevate the sector's appeal, reinforcing Saudi Arabia's leadership in coastal tourism. Key performance indicators demonstrate SRSA's rapid progress in advancing coastal tourism, driven by its core mandates. These include establishing policies and strategies, issuing licenses and permits, and enhancing infrastructure to meet global standards, as well as fostering investment and marketing efforts in collaboration with relevant stakeholders. Among the key milestones highlighted in the report are the issuance of 28 coastal tourism licenses and the introduction of the first regulatory framework for Saudi yachts. It also marks the launch of four technical codes, the first of their kind in the Kingdom designed to enhance coastal tourism infrastructure. Additionally, SRSA, in collaboration with the General Authority for Survey and Geospatial Information, has produced 15 high-quality nautical charts. Together, these initiatives form a robust regulatory framework driving growth in Red Sea coastal tourism. Further emphasizing SRSA's commitment to national development, the report details the training of 1,011 Saudis—both men and women—in coastal tourism through partnerships with the Ministry of Tourism. More than 130 compliance visits were also conducted at the sites of marina operators and maritime tourism agents to protect the marine environment and attract investment, contributing to the preservation and sustainability of the coastal ecosystem for future generations. Additionally, the report highlights SRSA's accelerated efforts to enhance coastal tourism, including the launch of the first national insurance product for coastal tourism activities in collaboration with the Insurance Authority. It also covers the signing of 16 agreements and memoranda of understanding with public, private, and nonprofit sector partners. Alongside these initiatives, the report outlines SRSA's receipt of three awards—global, regional, and local—including the Japan Tourism Award, the Marine Navigation Mapping Application Award, and the Tourism Company of the Year 2024. The 2024 Annual Report provides a comprehensive overview of SRSA's achievements, underscoring the strong government support for the sector under visionary leadership and the unwavering dedication of Saudi professionals driving the industry's growth and success.
