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A mountain of hydrogen is lurking beneath Earth's surface — and scientists say that just a fraction of it could break our dependence on fossil fuels for 200 years. New research suggests the planet holds around 6.2 trillion tons (5.6 trillion metric tons) of hydrogen in rocks and underground reservoirs. That's roughly 26 times the amount of oil known to be left in the ground (1.6 trillion barrels, each weighing approximately 0.15 tons) — but where these hydrogen stocks are located remains unknown. Most of the hydrogen is likely too deep or too far offshore to be accessed, and some of the reserves are probably too small to extract in a way that makes economical sense, the researchers suspect. However, the results indicate there's more than enough hydrogen to go around, even with those limitations, Geoffrey Ellis , a petroleum geochemist at the U.S. Geological Survey (USGS) and lead author of the new study, told Live Science. Hydrogen is a source of clean energy that can fuel vehicles, power industrial processes and generate electricity. Just 2% of the hydrogen stocks found in the study, equivalent to 124 billion tons (112 billion metric tons) of gas, "would supply all the hydrogen we need to get to net-zero [carbon] for a couple hundred years," Ellis said. The energy released by that amount of hydrogen is roughly twice the energy stored in all the known natural gas reserves on Earth, Ellis and his co-author Sarah Gelman , also a USGS geologist, noted in the study. The results were published Friday (Dec. 13) in the journal Science Advances . Related: Massive helium reservoir in Minnesota could solve US shortage To estimate the amount of hydrogen inside Earth, the researchers used a model that accounted for the rate at which the gas is produced underground, the amount likely to be trapped in reservoirs, and the amount lost through various processes, such as leaking out of rocks and into the atmosphere. Sign up for the Live Science daily newsletter now Get the world’s most fascinating discoveries delivered straight to your inbox. Hydrogen is created through chemical reactions in rocks, the simplest being a reaction that splits water into hydrogen and oxygen, Ellis said. "There's actually dozens of natural processes that are capable of generating hydrogen, but most of them generate very small amounts," he said. Until recently, researchers didn't realize that hydrogen accumulates beneath Earth's surface. "The paradigm throughout my entire career was that hydrogen's out there, it occurs, but it's a very small molecule, so it easily escapes through small pores and cracks and rocks," Ellis explained. But when scientists discovered a huge cache of hydrogen in West Africa , and then another in an Albanian chromium mine , that paradigm shifted. It's now clear that hydrogen does build up in reservoirs in the Earth, and the new study suggests some of those accumulations could be sizable. "I was surprised that the results were larger than I thought going in," Ellis said. "The takeaway is that there is a lot down there." But it's important to note that there is huge uncertainty surrounding these results, he said, as the model showed there could be anywhere from 1 billion to 10 trillion tons of hydrogen down there. (The most probable value, based on the assumptions of the model, was 6.2 trillion tons.) — Scientists just discovered an enormous lithium reservoir under Pennsylvania — World's largest iron ore deposits formed over 1 billion years ago in supercontinent breakup — Massive helium reservoir in Minnesota is even more 'mind-boggling' than we thought, new data suggest Hydrogen is projected to account for up to 30% of the future energy supply in some sectors, and global demand is expected to rise fivefold by 2050 . The gas is produced artificially through electrolysis of water, where water molecules are broken down with electric currents. When renewable energy is used, the product is called "green hydrogen," and when fossil fuels are used, it's known as "blue hydrogen." The benefits of tapping natural hydrogen are that it doesn't require a source of energy to produce, and underground reservoirs can hold the gas until it is needed. "We don't have to worry about storage, which is something that with the blue hydrogen or green hydrogen you do — you want to make it when electricity is cheap and then you have to store it somewhere," Ellis said. With natural hydrogen, "you could just open a valve and close it whenever you needed it." The big question that remains is where exactly all this hydrogen is located, which will affect whether it is accessible. Ellis and colleagues are making strides toward narrowing down the geologic criteria needed to form accumulations underground, and the results for the U.S. could be published early next year, he said.Luxembourg – 11 December 2024 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial 1 contract for a subsea tieback development in the US Gulf of Mexico. Subsea7's scope of work includes the engineering, procurement, construction, and installation (EPCI) of subsea equipment, including structures, umbilicals, production risers, and flowlines. Project management and engineering work will start immediately at Subsea7's office in Houston, Texas, with offshore activities expected to begin in 2026. Craig Broussard, Senior Vice President of Subsea7 Gulf of Mexico, said, “ We are proud to be part of this high-pressure deepwater subsea tieback development. This project builds on our strong track record of successfully delivering oil and gas projects in the deepwater Gulf of Mexico .” Subsea7 defines a substantial contract as being between $150 million and $300 million. ******************************************************************************* Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs. Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62. ******************************************************************************* Contact for investment community enquiries: Katherine Tonks Investor Relations Director Tel +44 20 8210 5568 ir@subsea7.com Contact for media enquiries: Ashley Shearer Communications Manager Tel +1-713-300-6792 ashley.shearer@subsea7.com Forward-Looking Statements: This document may contain ‘forward-looking statements’ (within the meaning of the safe harbour provisions of the U.S. Private Securities Litigation Reform Act of 1995). These statements relate to our current expectations, beliefs, intentions, assumptions or strategies regarding the future and are subject to known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements may be identified by the use of words such as ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘future’, ‘goal’, ‘intend’, ‘likely’ ‘may’, ‘plan’, ‘project’, ‘seek’, ‘should’, ‘strategy’ ‘will’, and similar expressions. The principal risks which could affect future operations of the Group are described in the ‘Risk Management’ section of the Group’s Annual Report and Consolidated Financial Statements. Factors that may cause actual and future results and trends to differ materially from our forward-looking statements include (but are not limited to): (i) our ability to deliver fixed price projects in accordance with client expectations and within the parameters of our bids, and to avoid cost overruns; (ii) our ability to collect receivables, negotiate variation orders and collect the related revenue; (iii) our ability to recover costs on significant projects; (iv) capital expenditure by oil and gas companies, which is affected by fluctuations in the price of, and demand for, crude oil and natural gas; (v) unanticipated delays or cancellation of projects included in our backlog; (vi) competition and price fluctuations in the markets and businesses in which we operate; (vii) the loss of, or deterioration in our relationship with, any significant clients; (viii) the outcome of legal proceedings or governmental inquiries; (ix) uncertainties inherent in operating internationally, including economic, political and social instability, boycotts or embargoes, labour unrest, changes in foreign governmental regulations, corruption and currency fluctuations; (x) the effects of a pandemic or epidemic or a natural disaster; (xi) liability to third parties for the failure of our joint venture partners to fulfil their obligations; (xii) changes in, or our failure to comply with, applicable laws and regulations (including regulatory measures addressing climate change); (xiii) operating hazards, including spills, environmental damage, personal or property damage and business interruptions caused by adverse weather; (xiv) equipment or mechanical failures, which could increase costs, impair revenue and result in penalties for failure to meet project completion requirements; (xv) the timely delivery of vessels on order and the timely completion of ship conversion programmes; (xvi) our ability to keep pace with technological changes and the impact of potential information technology, cyber security or data security breaches; (xvii) global availability at scale and commercially viability of suitable alternative vessel fuels; and (xviii) the effectiveness of our disclosure controls and procedures and internal control over financial reporting. Many of these factors are beyond our ability to control or predict. Given these uncertainties, you should not place undue reliance on the forward-looking statements. Each forward-looking statement speaks only as of the date of this document. We undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 11 December 2024 at 23:25 CET. Attachment SUBC Gulf of Mexico Dec 2024
These interviews come on the heels of the expiration of theterms of the current Commissioners, marking a pivotal moment for ZACC’s future. This announcement was made by the Chief Secretary to thePresident and Cabinet, Dr Martin Rushwaya, in an official communication to theParliament of Zimbabwe. The process began with a public call for nominations, asrequired by Section 237(1) of the Constitution of Zimbabwe. The Committee onStanding Rules and Orders (CSRO) received an overwhelming response — 145nominations in total, comprising 112 men and 33 women. After a rigorous screening, the CSRO whittled down the listto 47 suitable candidates, who now prepare to face the nation in publicinterviews. These interviews will take place at Committee Room Number 3 of theNew Parliament Building in Mt Hampden. Candidates must be in their seats by 7 am sharp, as DrRushwaya made it clear that late arrivals will be disqualified withoutexception. The list of contenders reads like a who’s who of thecountry’s legal, political and civic leadership. Former legislators such as Gabriel Chaibva, MayorWadyajena, Tongai Matutu, Kindness Paradza, and Zalerah Makari, are among thosevying for the prestigious positions. The legal fraternity is well-represented with figures likeBrian Kashangura, Caroline Chigumira, Doreen Gapare, Meme Zvimba and AdvocateWilbert Mandinde. The diverse line-up also includes religious leaders likeRev Jeremiah Doyce and Rev. Dr. Chiropafadzo Moyo, retired military personnelsuch as Major Michael Santu, academics like Dr Tinashe Rukuni, and variousother professionals and community leaders. The full roster, a mosaic of expertise and backgrounds,underscores the importance of this selection process for the Commission’smandate to combat corruption. For those curious to witness the process unfold, Parliamenthas made arrangements to accommodate members of the public in the Multi-PurposeHall of the New Parliament Building. But for those who cannot attend in person, technologybridges the gap. Proceedings will be streamed live across multipleplatforms, including Zoom, Twitter, and Facebook Live. Access links can befound on the Parliament’s official website, www.parlzim.gov.zw, ensuringtransparency and public engagement in this critical national decision. As the countdown to December 19 continues, the shortlistedcandidates prepare to face public scrutiny, and the nation eagerly awaits theoutcome. This process is not just about filling vacancies; it isabout shaping the future of an institution tasked with safeguarding thecountry’s integrity. HeraldSen. Marsha Blackburn (R-TN) and Rep. Claudia Tenney (R-NY) on Wednesday unveiled a package of bills, known as the DOGE Act, to freeze government spending, make bureaucrats accountable, and drain the D.C. Swamp. “The American people have had enough of outsized bureaucracy and wasteful government spending. The DOGE Acts are the first step to achieving government efficiency by requiring federal employees to get back in the office, moving federal agencies into the heartland of America, cutting bloated federal spending across the board, and freezing federal hiring and salaries until we can rightsize the federal government,” Blackburn, the Senate sponsor of the DOGE Acts, said in a statement. Tenney, the House sponsor of the sweeping legislative package, said: Under President Trump’s leadership and a Republican-controlled Congress, we are determined to cut wasteful government spending and reduce costs for hardhttps://www.breitbart.com/”https://www.blackburn.senate.gov/services/files/6FA9FF60-B9A2-45C3-B816-0FDE772BD602′′>Federal Freeze Act would implement a one-year freeze on increases in federal civilian employees’ salaries, establish a cap on the number of workers that can be employed over a period of three years, and decrease the number of employees at federal agencies. The Commission to Relocate the Federal Bureaucracy Act would decentralize the federal bureaucracy by moving non-security agencies across the many states based on financial efficiency, infrastructure, and related industries. The Federal Employee Performance and Accountability Act would set a performance-based pay structure for federal employees. The Stopping Home Office Work’s Unproductive Problems (SHOW UP) Act would require federal agencies to return to in-office work and prevent federal agencies establishing telework plans without submitting said plans certified by the Office of Personnel Management (OPM). “The DOGE Acts embody these priorities, serving as a bold first step in advancing the incoming Trump Administration’s ‘Make America Efficient Again’ agenda,” Tenney concluded in her statement. Sean Moran is a policy reporter for Breitbart News. Follow him on X @SeanMoran3 ." Following the launch and the successful financing of the FOCUS-27 strategic plan, EUROAPI is now on track to deliver long-term value for all its stakeholders. It has been an honor to build and Chair the Board over the past three-plus years, helping this newly formed company navigate headwinds, drive innovation, and improve efficiency. I want to extend my warm thanks to my Board colleagues for their unconditional support and my best wishes to EUROAPI's management and employees for this new chapter of the company, " said Viviane Monges. "On behalf of the Board, I also want to thank Ludwig de Mot for his dedication to EUROAPI since he joined the company. Ludwig has been instrumental in the early implementation of the FOCUS-27 plan, a prerequisite milestone in our path to future profitable growth for the company.” Emmanuel Blin, a Member of the Board since May 2022, is a seasoned executive with extensive experience in the pharmaceutical and healthcare industries. A former Bristol Myers Squibb Executive Committee member, as Chief Strategy Officer and Head of Global Commercialization, he brings EUROAPI a wealth of knowledge and strategic acumen to the role of Chair of the Board. His appointment underscores EUROAPI's commitment to strengthening its position as an Active Pharmaceutical Ingredient industry leader. "I am honored to accept the position of Chair of the Board at EUROAPI. The company is at an exciting juncture, and I look forward to working closely with the Board and the leadership team to continue the transformation initiated by Viviane Monges, whom I'd like to thank for her guidance and devotion to EUROAPI as Chair of the Board for the past three years,” commented Emmanuel Blin. David Seignolle joined EUROAPI's Executive Committee in October 2023, bringing solid experience in the API industry to oversee the Group's Industrial Operations as Chief Operating Officer. He came from TEVA Pharmaceuticals, where he held several international positions, including Head of Operations for TEVA API in Italy and Mexico and Vice President of Global Supply Chain API and Biologics. Before TEVA, David also served five years at McKinsey in France and the US, where he focused on Pharma Operations. "The Board is delighted to promote David as our Chief Executive Officer. Since joining EUROAPI, he has demonstrated strong leadership in a challenging and volatile environment. He has the vision, skills, and rigor needed to drive EUROAPI's transformation and is now well prepared to strengthen the foundations of the company's future development in the best interest of all its stakeholders, including its employees, clients, and shareholders,” commented Elizabeth Bastoni, Chair of the Nominations and Remuneration Committee. On June 26th, the company guided on a -8% to -11% year-on-year net sales decrease on a comparable basis and between 4% and 7% Core EBITDA margin for the full year 2024. Based on the most current figures, EUROAPI maintains this full-year 2024 outlook. Full-year 2024 results will be published on 03 March 2025. About EUROAPI EUROAPI is focused on reinventing active ingredient solutions to sustainably meet customers' and patients' needs around the world. We are a leading player in active pharmaceutical ingredients with approximately 200 products in our portfolio, offering a large span of technologies while developing innovative molecules through our Contract Development and Manufacturing Organization (CDMO) activities. Taking action for health by enabling access to essential therapies inspires our 3,650 people every day. With strong research and development capabilities and six manufacturing sites, all located in Europe, EUROAPI ensures API manufacturing of the highest quality to supply customers in more than 80 countries. EUROAPI is listed on Euronext Paris; ISIN: FR0014008VX5; ticker: EAPI). Find out more at www.euroapi.com and follow us on LinkedIn . Laurence Bollack Tel.: +33 (0)6 81 86 80 19 [email protected] Sophie Palliez-Capian Tel.: +33 (0)6 87 89 33 51 [email protected] Camille Ricotier Tel : +33 (0)6 43 29 93 79 [email protected] Certain information contained in this press release is forward looking and not historical data. These forward-looking statements are based on opinions, projections and current assumptions including, but not limited to, assumptions concerning the Group's current and future strategy, financial and non-financial future results and the environment in which the Group operates, as well as events, operations, future services or product development and potential. Forward-looking statements are generally identified by the words "expects”, "anticipates”, "believes”, "intends”, "estimates”, "plans” and similar expressions. Forward looking statements and information do not constitute guarantees of future performances, and are subject to known or unknown risks, uncertainties and other factors, a large number of which are difficult to predict and generally outside the control of the Group, which could cause actual results, performances or achievements, or the results of the sector or other events, to differ materially from those described or suggested by these forward-looking statements. These risks and uncertainties include those that are indicated and detailed in Chapter 3 "Risk factors” of the Universal Registration Document filed with the French Financial Markets Authority (Autorité des marchés financiers, AMF) on April 5, 2024. These forward-looking statements are given only as of the date of this press release and the Group expressly declines any obligation or commitment to publish updates or corrections of the forward-looking statements included in this press release in order to reflect any change affecting the forecasts or events, conditions or circumstances on which these forward-looking statements are based. Attachment EUROAPI - Press release - December 9, 2024Trump’s lawyers rebuff DA's idea for upholding hush money conviction
Despite Mary Lou McDonald’s confidence around shaping a coalition without Fine Gael and Fianna Fail – the two parties that have dominated the landscape of Irish politics for a century – the pathway to government for Sinn Fein still appears challenging. With counting following Friday’s election still in the relatively early stages – after an exit poll that showed the main three parties effectively neck-and-neck – there is some way to go before the final picture emerges and the options for government formation crystalise. Taoiseach and Fine Gael leader, Simon Harris, has dismissed talk of a Sinn Fein surge and said he was “cautiously optimistic” about where his party will stand after all the votes are counted. Meanwhile, Ireland’s deputy premier and Fianna Fail leader, Micheal Martin, insisted his party has a “very clear route back to government” as he predicted seat gains. The counting process could last days because of Ireland’s complex system of proportional representation with a single transferable vote (PR-STV), where candidates are ranked by preference. The leaders of the main three parties were all re-elected as TDs on Saturday evening, topping the polls in their respective constituencies. The early indications have turned the focus to the tricky arithmetic of government formation, as the country’s several smaller parties and many independents potentially jockey for a place in government. Ms McDonald told reporters at the RDS count centre in Dublin that she would be “very, very actively pursuing” the potential to form a government with other parties on the left of the political spectrum. The smaller, left-leaning parties in Ireland include the Social Democrats, the Irish Labour Party, the Green Party and People Before Profit-Solidarity. Ms McDonald said her party had delivered an “incredible performance” in the election. “I think it’s fair to say that we have now confirmed that we have broken the political mould here in this state,” she said. “Two party politics is now gone. It’s consigned to the dustbin of history and that, in itself, is very significant.” She added: “I am looking to bring about a government of change, and I’m going to go and look at all formulations. “If you want my bottom line, the idea of Fianna Fail and Fine Gael for another five years, in our strong opinion, is not a good outcome for Irish society. “Obviously, I want to talk to other parties of the left and those that we share very significant policy objectives with. So I’m going to do that first and just hear their mind, hear their thinking. But be very clear, we will be very, very actively pursuing entrance into government.” In Friday night’s exit poll, Sinn Fein was predicted to take 21.1% of first-preference votes, narrowly ahead of outgoing coalition partners Fine Gael and Fianna Fail at 21% and 19.5% respectively. Prior to the election, Fianna Fail and Fine Gael both ruled out entering government with Sinn Fein. Fine Gael leader Mr Harris rejected suggestions Sinn Fein had broken new ground. He told reporters in his count centre in Greystones, Co Wicklow: “Certainly we haven’t seen a Sinn Fein surge or anything like it. “I mean, it looks likely, on the figures that we’ve seen now, fewer people, many fewer people would have voted Sinn Fein in this election than the last one. “In fact, I think they’re down by around 5% and actually the parties, particularly the two parties, the two larger parties in government, are likely to receive significant support from the electorate. So definitely, politics in Ireland has gotten much more fragmented.” He said it was too early to tell what the next government would look like. “I think anybody who makes any suggestion about who is going to be the largest party or the construct of the next government, they’re a braver person than I am,” he said. “Our electoral system dictates that there’ll be many, many transfers that will go on for hours, if not days, before we know the final computations at all. “But what I am very confident about is that my party will have a very significant role to play in the years ahead, and I’m cautiously optimistic and excited.” Fianna Fail’s Mr Martin told reporters at a count centre in Cork he was confident that the numbers exist to form a government with parties that shared his political viewpoint. Mr Martin said it “remains to be seen” whether he would return to the role of Taoiseach – a position he held between 2020 and 2022 – but he expressed confidence his party would outperform the exit poll prediction. “It’s a bit too early yet to call the exact type of government that will be formed or the composition of the next government,” he said. “But I think there are, there will be a sufficiency of seats, it seems to me, that aligns with the core principles that I articulated at the outset of this campaign and throughout the campaign, around the pro-enterprise economy, around a positively pro-European position, a government that will strongly push for home ownership and around parties that are transparently democratic in how they conduct their affairs.” Asked if it would be in a coalition with Fianna Fail, Fine Gael and the Social Democrats, he said that would be “racing a bit too far ahead”. The final result may dictate that if Fianna Fail and Fine Gael are to return to government, they may need more than one junior partner, or potentially the buy-in of several independent TDs. Mr Martin said it was unclear how quickly a government can be formed, as he predicted his party would gain new seats. “It will be challenging. This is not easy,” he added. The junior partner in the outgoing government – the Green Party – looks set for a bruising set of results. Green leader Roderic O’Gorman is in a fight to hold onto his seat, as are a number of party colleagues, including Media Minister Catherine Martin. “It’s clear the Green Party has not had a good day,” he said. The early counting also suggested potential trouble for Fianna Fail in Wicklow, where the party’s only candidate in the constituency, Health Minister Stephen Donnelly, is considered to have a battle ahead, with the risk of losing his seat. Meanwhile, there is significant focus on independent candidate Gerard Hutch who, on Saturday evening, was sitting in fourth place in the four-seat constituency of Dublin Central. Last spring, Mr Hutch was found not guilty by the non-jury Special Criminal Court of the murder of David Byrne, in one of the first deadly attacks of the Hutch-Kinahan gangland feud. Mr Byrne, 33, died after being shot six times at a crowded boxing weigh-in event at the Regency Hotel in February 2016. A Special Criminal Court judge described Mr Hutch, 61, as the patriarchal figurehead of the Hutch criminal organisation and said he had engaged in “serious criminal conduct”. The constituency will be closely watched as other hopefuls wait to see if transfers from eliminated candidates may eventually rule him out of contention. In the constituency of Louth, the much-criticised selection of John McGahon appeared not to have paid off for Fine Gael. The party’s campaign was beset by questioning over footage entering the public domain of the candidate engaged in a fight outside a pub in 2018. The Social Democrats have a strong chance of emerging as the largest of the smaller parties. The party’s leader, Holly Cairns, was already celebrating before a single vote was counted however, having announced the birth of her baby girl on polling day.