Latest news with #Baja1
Yahoo
30-06-2025
- Business
- Yahoo
TotalEnergies acquires 25% interest in Block 53 offshore Suriname
TotalEnergies has announced the signing of an agreement with Spanish company Moeve (formerly CEPSA) to acquire the 25% interest held by Moeve in Block 53, offshore Suriname. This acquisition positions TotalEnergies as a partner in the licence alongside APA, which holds a 45% stake and operates the block, and Petronas, which owns 30%. Block 53 is situated directly east of Block 58, where TotalEnergies serves as operator with a 40% stake. The Block 53 licence encompasses the Baja-1 discovery, which was drilled close to the boundary of Block 58 by operator APA. The discovery was reported to contain 34m (112ft) of net oil pay when drilled to a depth of 5,290m (17,356ft) below sea level. This discovery can leverage existing infrastructure and extend the production plateau of the planned Gran Morgu project in Block 58. TotalEnergies announced the final investment decision for the Gran Morgu development in October 2024. TotalEnergies Americas exploration and production senior vice-president Javier Rielo said: 'This acquisition brings new resources to the development of our low-cost and low-emission Gran Morgu project. 'It also proves how TotalEnergies will leverage GranMorgu infrastructure to develop profitably additional resources and extend its production plateau, strengthening the position of the company in the offshore of Suriname.' The Gran Morgu development is estimated to hold more than 750 million barrels of recoverable resources and represents a significant investment of $10.5bn. With a 200,000bpd capacity, the Gran Morgu is expected to initiate production in the first half of 2028. The floating offshore production unit for Gran Morgu is expected to be one of TotalEnergies' largest projects to date. TotalEnergies has already invested more than $1.4bn in exploration activities in Suriname, reported Reuters. Suriname has yet to produce hydrocarbons but aims to replicate the success of neighbouring Guyana, where Exxon Mobil has discovered more than 11 billion barrels of recoverable oil and gas. Earlier this month, TotalEnergies acquired 25% interest in 40 offshore exploration leases in the US from Chevron. The offshore leases cover an area of approximately 1,000km² and are situated between 175km and 330km from the shore. "TotalEnergies acquires 25% interest in Block 53 offshore Suriname" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Forbes
03-04-2025
- Automotive
- Forbes
New Meyers Manx Coffee Table Book Chronicles A True California Story
Available online or at the Meyers Manx Cafe in The Petersen Automotive Museum. A new coffee table book from Meyers Manx celebrates a true California story, six decades after the debut of the original dune buggy. Part biography of eponymous founder Bruce Meyers, part business history and part forward-facing expose as the company re-emerges today under the auspices of investor Phillip Sarofim and designer Freeman Thomas, throughout 220 pages, veteran automotive journalist and producer Basem Wasef weaves a compelling story complemented by historical photography, sketches and renderings, even plenty of golden age silver-screen connections. The book is a riveting read for anyone like me who loves classic cars, hot-rod culture and Hollywood lore. The story follows Meyers from a young age, a multi-talented surfer and sailboat designer who found inspiration in the world of kit cars and off-roading, before achieving almost overnight success with the first Manx. From there, the fledgling company's legend exploded, sparking rapid business expansion before an inevitable spree of ripoffs and imitations emerged to challenge the nascent venture. Wasef's narrative reveals the stellar highs and inevitable lows of such a tale, and hopes the book can set the record straight in vivid color. Bruce Meyers' surfing and sailing inspiration shines through in the Manx's iconic design. 'Bruce had written a couple of books about his experiences,' Wasef told me, 'So it was critical for me to disambiguate what was sort of an elaboration on the truth and what really happened. There were a lot of liberties taken with some of his storytelling, in the interest of telling a good story sometimes… And luckily it still is a good story, even if you shave off 90% of the hyperbole.' 'I had a probably deeper than most understanding of the brand and its history, which really helped me get into the writing process. But I couldn't have done it without the historical figures that thankfully are still alive to tell the story, people like Winnie Meyers and Nelson Sparks, Stewart Reed and current co-chairman Freeman Thomas.' Perhaps the highlight for me was learning about the pivotal role Meyers and his Manx played in the racing history of Baja California. In fact, the Manx set a record for the peninsula run—beating big-bore motorcycles and inspiring headlines that helped to spark a new era of four-wheeling popularity. Then, a Manx even won the first Baja 1,000 race in 1967, which was known then simply as the 'Mexican 1000.' The "King of Cool" himself insisted that a Meyers Manx appear in the 1968 film. Such exploits quickly ballooned beyond the hardcore automotive crowd and became a true cultural phenomenon. Lightweight and affordable thanks to monocoque fiberglass construction (at first) plus easily accessible Volkswagen parts, the Manx epitomized a carefree lifestyle perfectly wrought in three dimensions. Hollywood took notice, and in 1968, Elvis Presley drove a Manx in the opening scene of Live a Little, Love a Little—though the Manx's personality shone through best when Steve McQueen and Faye Dunaway enjoyed an iconic scene blasting a Corvair-powered Manx along the beach in The Thomas Crown Affair (and I don't say so only because my grandmother designed their costumes in the film). 'There are very few things that are as intricately or intimately entwined with California culture as a Meyers Manx dune buggy,' Wasef mused, 'It just says California so succinctly. It's such a pure design, and I think that's what's led to its endurance. It's just so reduced but so evocative at the same time.' Famous for his Audi, Porsche and Volkswagen designs, Freeman Thomas now co-chairs Meyers Manx with a ... More vision for both past and future. Unfortunately, style points only go so far, and Meyers' business acumen—or lack thereof—led to his company eventually floundering and dissolving. Meyers later brought the Manx back to life for the 21st century, before selling the company to Sarofim shortly before his death in 2021, aged 94. The revitalized Meyers Manx company now aims to honor the original's spirit with a series of buggies, including an almost inevitable electric variant that may prove somewhat divisive. 'Bruce actually had an electric concept of a buggy in the past,' Wasef reminded me, as he wrote in the tome, 'So it's not outside of the playbook necessarily. And in fact, anybody who off-roads will tell you that doing so without the noise of an engine opens it up to a completely different experience. "It's also really intriguing to see how the design elements are still carried over. Freeman has done an amazing job of evoking, but not copying necessarily, the original design—and modernizing it.' From cover to cover, the new coffee table book screams design with engaging graphics, sun-soaked desert imagery, modern rendering of the forthcoming Manxes and even a familiar gel-textured cover. It's a perfect page-turner and artistic volume, spelling out a deeper story than perhaps even the most diehard Meyers Manx fans might know, equally enjoyable while revisiting bygone years or sparking imagination about the fun factor of future electric vehicles.
Mid East Info
25-03-2025
- Automotive
- Mid East Info
5 Things You Need to Know About the Ranger Raptor - Middle East Business News and Information
Riyadh, Kingdom of Saudi Arabia – Built to dominate the desert, master the mountains and rule everywhere in between, the second-generation Ranger Raptor raises the off-road performance bar as a mid-size pickup built for adventure-seeking enthusiasts. Here are the 5 things you absolutely need to know, plus one more for fun. Ranger Raptor's V6 is ready to rumble: Don't let the 'Eco' in EcoBoost fool you – the Ranger Raptor's 3.0-litre EcoBoost V6 is a force to be reckoned with. Tuned by Ford Performance, it delivers a potent 292kW of power and 583Nm of torque. The engine block is forged from compacted graphite-iron, a material so strong it is used in racing cars. Choose your own soundtrack: Mated to the potent 3.0-litre V6 is a 10-speed automatic transmission. Each gear boasts its own unique boost profile, ensuring seamless power delivery across any terrain or in any selected drive mode. And the soundtrack? It's just as impressive. The electronically controlled active valve exhaust system lets you dial in the perfect engine note, from a subtle purr in Quiet mode to a roar in Baja 1 . Handle the rough stuff: Ranger Raptor's suspension isn't about big shocks and beefy components; it's a marvel of technology and engineering. Lightweight aluminium upper and lower control arms provide strength and help keep the weight down, while the long-travel front and rear suspension soaks up bumps and humps with ease. A Watt's link keeps the rear axle in check, ensuring precise handling even over the roughest terrain. But the real star of the show is the FOX 2.5-inch Live Valve Internal Bypass shock absorbers. These aren't your average passive shocks – they're constantly adapting to the terrain, your driving style, and the drive mode. Sensors throughout the Raptor take readings 500 times a second, analysing everything from steering input to chassis movement. This data feeds into a system that essentially 'predicts' what's coming next, preparing the shocks for maximum control and comfort. Master every terrain: The Ranger Raptor has seven selectable drive modes 2 , each tailored to a specific driving scenario. Each selectable drive 2 mode adjusts several elements from engine and transmission to ABS sensitivity and calibration, traction and stability controls, exhaust valve actuation, steering, throttle response and even the instrument cluster and centre touchscreen. And for tricky low-speed sections, Trail Control™ 3 is your best friend. It's like cruise control for off-roading, letting you focus on steering while the Ranger Raptor manages acceleration and braking to maintain your chosen speed. Bold looks and built-in toughness: The Ranger Raptor isn't just about performance; it wears its capabilities like a suit. The bold F-O-R-D lettering on the grille sets the tone, while the all-steel bumper with integrated tow hooks hints at its adventurous spirit. Flared fenders, complete with functional vents, house aggressive 33-inch BFGoodrich® all-terrain KO3® tyres wrapped around 17-inch wheels. But the Raptor's toughness isn't just skin deep. A thick, high-strength steel bash plate shields the front, while dedicated engine, transfer case, and fuel tank shields provide peace of mind when venturing off the beaten path. From showroom to champion: The Ranger Raptor isn't just built for adventure; it's built to dominate. And what better way to prove its mettle than by tackling the legendary Baja 1000, one of the most gruelling off-road races on the planet. In 2022, a near-stock Ranger Raptor, prepped with essential safety upgrades, wheels, tyres, extra lights, and underbody protection, entered the Baja 1000. It didn't just compete; it conquered, winning its production vehicle class. Not content with just one victory, the same Raptor was dusted off and taken to the Finke Desert Race in 2023, another brutal test of endurance, and another class win. In 2024, the Ranger Raptor won its class at both the Finke Desert Race and the Baja 1000. This incredible track record (pun intended) is a testament to the Ranger Raptor's inherent capability. Disclaimers: 1 Baja mode is intended for off-road use only. 2 Driver-assist features are supplemental to and do not replace the driver's attention, judgment and need to control the vehicle. It does not replace safe driving. See Owner's Manual for details and limitations. 3 Trail Control, Trail Turn Assist, and Trail1-Pedal Drive are extra driving aids. It does not replace the driver's attention and judgment, or the need to apply brakes. See owner's manual for details and limitations. About Ford Motor Company: Ford Motor Company (NYSE: F) is a global company, committed to helping build a better world, where every person is free to move and pursue their dreams. The company's Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for customers and deepen their loyalty. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services. The company does that through three customer-centered business segments: Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough electric vehicles along with embedded software that defines exceptional digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs. Ford employs about 175,000 people worldwide.
