Fintech PR
A Natural Gas Boom Is Looming For Europe
FN Media Group Presents Oilprice.com Market Commentary
LONDON, March 7, 2024 /PRNewswire/ — Europe is weathering its second winter since it cut itself off from Russian natural gas, but beyond that, without its own sufficient supplies, the continent remains vulnerable to the whims of a volatile global market. Companies mentioned in this release include: Chevron Corporation (NYSE:CVX), ExxonMobil Corporation (NYSE:XOM), ConocoPhillips (NYSE:COP), Talos Energy Inc. (NYSE:TALO), Cheniere Energy, Inc. (NYSE:LNG).
That vulnerability is now beginning to resurface, as the Biden administration presses pause on all new LNG export projects, sending waves of concern throughout Europe, which has traded dependence on Russian gas for dependence on American LNG.
In the short term, this meant significantly higher energy prices throughout Europe, with energy costs rising by 40.8% annually within the EU as of September 2022. It got so bad, in fact, that Europe shelled out $800 billion to protect consumers from the spiralling costs.
The regulatory atmosphere has changed dramatically since Russia’s invasion of Ukraine. Germany has pleaded that the Bloc “work together with countries that have the capacity to develop new gas fields, as part of the Paris Climate Agreement commitments.”
That’s exactly what MCF Energy (MCF.V; MCFNF.QX) plans to do in Germany—the EU’s biggest economy—and Austria.
Confirmed Gas Plays in Germany and Austria
MCF Energy’s prospects in Germany include the Lech concession where Mobil (before it was Exxon) drilled a wildcat well back in the ’80s. That well came in at 24 million cubic feet of natural gas per day, with 700 barrels of condensate, with a second well drilled to a deeper zone flowing almost 200 barrels of oil per day.
Back then, Germany did not require companies to share their data at all. But last year, due to Germany’s scramble to ensure more domestic production, this data was made available to the public. MCF took the opportunity and ran the 3D data by its AI specialist, which pinpointed multiple drilling locations on both Lech and Lech East with identical or very similar character to the big discovery well drilled in the 80’s on Lech that MCF will soon re-enter.
When MCF drills its first well in Germany in March, new AI and Machine learning technology as well as the improvements in drilling could change this game.
5 Prospects Secured, Drilling Launched
As a result of MCF Energy’s (MCF.V; MCFNF.QX) 100% acquisition of Germany’s Genexco last year, the company now has five licenses secured for four large-scale project areas in Germany and one in Austria, with drilling soon to be underway.
The first drill, will spud next week and set to complete in March, is in Austria, at MCF’s Welchau prospect near the Austrian Alps. Welchau appears analogous to large anticline structures discovered in Kurdistan and the Italian Apennines, and is adjacent and up-dip from a discovery, drilled in the 80’s that intersected a gas column of at least 400 meters, testing condensate rich with pipeline quality gas. A national gas pipeline network is only 18 kilometers away, making for what could be a short, cheap tie-in option for getting products to domestic markets.
MCF will earn a 25% interest for exploration drill costs estimated at 2.55 million euros, which represents MCF’s 50% share in drilling costs. Germany, which houses four of the concessions, is where MCF Energy is playing a bigger game.
The company’s Lech (10 square kilometers) and Lech East (100 square kilometers) concessions hold natural resources riches that have already seen two discoveries and three previous wells drilled.
As soon as the Austria drill is completed in March, the rig will be moved to Lech, where MCF Energy will re-enter Mobil’s former Kinsau #1 well, adapting new drilling and completion technology and eventually horizontal wells to stimulate what they already know is there.
Within the first fault block at Lech, MCF’s Hill believes there is around 20 BCF recoverable, with associated condensate.
Furthermore, all the wells had few problems during drilling, which means lows costs for drilling, coupled with nearby pipelines—the closest only 2 kilometers away—to get to market quickly and cheaply.
“The exploration possibilities are there. You’ve got the fractured carbonates, and even sandstone reservoirs that have produced in the area. So, now, it really comes down to the fact that there are also new exploration techniques, in addition to seismic, that I think will reduce the risk,” Hill told Oilprice.com.
Also in Germany, MCF Energy now has the Reudnitz Gas field concession, a large-scale natural gas prospect initially discovered in 1964.
An independent assessment by Gaffney, Cline & Associates suggests 118.7 billion cubic feet of natural gas for extraction, noting that the resources, as with the other fields in Northern Germany contain low-caloric gas rich in nitrogen, potentially diluting the hydrocarbons’ concentration. . In addition to methane, the gas at Reudnitz contains, best estimate (P50), 1.06 BCF of helium and an upper zone containing 4.4 million barrels of oil.
The fifth concession in Germany is Erlenwiese, for which 2D seismic has been acquired and is being reprocessed, with 3D on the way, along with AI analysis. This project contains two, well documented prospects which will be risk reduced with machine learning.
What Does Europe Do Next?
And the timing is significant: Europe has underinvested in natural gas as it strives to lower carbon emissions, but natural gas is turning out to be the accepted bridge fuel for the world’s energy transition. Nowhere is this more poignant than in Europe, where energy security and climate change must work hand-in-hand.
MCF (MCF.V; MCFNF.QX) is doing something unique on the natural gas playing field: It’s aiming to gain exposure to European natural gas for the first time since Russia invaded Ukraine and Western sanctions disrupted global markets.
They will very soon be drilling in Austria, and are planning to launch drilling in Germany in March, making this one of the most exciting new plays that the supermajors have left behind since they moved to bigger venues offshore.
Don’t Ignore the Energy Giants
Chevron Corporation (NYSE:CVX), one of the world’s leading energy companies, is making significant strides in the realm of natural gas, aligning its operations with the global shift towards cleaner energy sources.
Parallel to its natural gas endeavors, Chevron continues to fortify its foundational oil operations. The company leverages vast reserves and a robust downstream presence, committing to efficient and sustainable oil production.
ExxonMobil Corporation (NYSE:XOM), a titan in the global energy market, is assertively expanding its footprint in the natural gas sector, leveraging strategic investments in LNG projects and shale gas explorations to cement its position as an industry leader.
The company’s aggressive expansion into natural gas is paired with robust oil operations, suggesting a well-rounded vision for the future. Exxon Mobil offers both steady returns and growth potential, anchored by its legacy and forward-looking strategies.
ConocoPhillips (NYSE:COP), with its extensive global footprint, exhibits a balanced approach to energy, harmonizing its oil exploration and production endeavors with strategic investments in natural gas and LNG operations, particularly in North America and Asia.
Oil exploration and production remain critical pillars of ConocoPhillips’ strategy, with operations spanning across continents. The company’s emphasis on sustainable production methods highlights its commitment to environmental stewardship and operational excellence.
Talos Energy Inc. (NYSE:TALO) distinguishes itself in the exploration and production sector, focusing on oil and natural gas in the strategically significant regions of the United States Gulf of Mexico and offshore Mexico. Talos Energy has established a reputation for strategic acquisitions and a focus on exploration, demonstrating an agile approach to its operations.
The company’s commitment to environmental stewardship and sustainability is a cornerstone of its strategy, underpinned by efforts to leverage innovative technologies to minimize its ecological footprint.
Cheniere Energy, Inc. (NYSE:LNG), pioneers the liquefied natural gas (LNG) sector in the United States, operating the country’s first LNG export facilities. With a business model that encompasses the entire LNG value chain, Cheniere is well-placed to capitalize on the increasing demand for gas.
Cheniere’s commitment to sustainability is integral to its operations, aiming to improve the environmental performance of its activities. The company’s focus on safety, environmental stewardship, and community engagement positions it as a responsible provider, setting a benchmark in the LNG market.
By. Tom Kool
**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**
Forward-Looking Statements
This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that large oil and gas companies will continue to focus on offshore natural gas resources; that domestic onshore natural gas assets in Europe will provide a more affordable energy source than offshore resources; that demand for natural gas will continue to increase in Europe and Germany; that Russia will not supply the majority of natural gas in Germany and Europe; that natural gas will continue to be utilized as a main energy source in Germany and other European countries and demand for natural gas, and in particular domestic natural gas, will continue and increase in the future; that MCF Energy Ltd. (the “Company”) can replicate the previous success of its key investors and management in developing and selling valuable energy assets; that the natural gas projects of the Company will be successfully tested and developed; that the Company can develop and supply a safe, domestic source of energy to European countries; that natural gas will be reclassified as sustainable energy which will support the development of the Company’s assets; that imports of liquified natural gas will not be sustainable for Europe and that European countries will need to rely on domestic sources of natural gas; that the Company expects to obtain significant attention due to its upcoming drilling plans combined with Europe desperate for domestic natural gas supply; that the upcoming drilling on the Company’s projects will be successful; that the Company’s projects will contain commercial amounts of natural gas; that the Company can finance ongoing operations and development; that the Company can achieve its business plans and objectives as anticipated. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that large oil and gas companies will start focusing on the development of domestic natural gas resources; that the natural gas resources of competitors will be more successful or obtain a greater share of market supply; that offshore liquified natural gas assets will be favored over domestic resources for various reasons; that alternative technologies will replace natural gas as a mainstream energy source in Europe and elsewhere; that demand for natural gas will not continue to increase as expected for various reasons, including climate change and emerging technologies; that political changes will result in Russia or other countries providing natural gas supplies in future; that the Company may fail to replicate the previous success of its key investors and management in developing and selling valuable energy assets; that the natural gas projects of the Company may fail to be successfully tested and developed; that the Company’s projects may not contain commercial amounts of natural gas; that the Company may be unable to develop and supply a safe, domestic source of energy to European countries; that natural gas may not be reclassified as sustainable energy or may be replaced by other energy sources; that the upcoming drilling on the Company’s projects may be unsuccessful or may be less positive than expected; that the Company’s projects may not contain commercial amounts of natural gas; that the Company may be unable to finance its ongoing operations and development; that the Company can achieve its business plans and objectives as anticipated; that the Company may be unable to finance its ongoing operations and development; that the business of the Company may be unsuccessful for various reasons. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
DISCLAIMERS
This communication is for entertainment purposes only. Never invest purely based on our communication. We have not been compensated by MCF Energy Ltd. for this article but may in the future be compensated to conduct investor awareness advertising and marketing for MCF Energy Ltd. While the opinions expressed in this article are based on information believed to be accurate and reliable, such information in our communications and on our website has not been independently verified and is not guaranteed to be correct. The content of this article is based solely on our opinions which are based on very limited analysis and we are not professional analysts or advisors.
SHARE OWNERSHIP. The owner of Oilprice.com owns shares of MCF Energy Ltd. and therefore has an incentive to see the featured company’s stock perform well. The owner of Oilprice.com will not notify the market when it decides to buy more or sell shares of MCF Energy Ltd. in the market. The owner of Oilprice.com will be buying and selling shares of this issuer for its own profit. Accordingly, our views and opinions in this article are subject to bias, and we stress that you should conduct your own extensive due diligence regarding the Company as well as seek the advice of your professional financial advisor or a registered broker-dealer before you consider investing in any securities of the Company or otherwise.
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- Establishing actionable frameworks to advance precision medicine and longevity science
- The declaration highlights the impact longevity and precision medicine can have on supporting healthy communities, and engages leaders to work towards actionable solutions, drive consensus among global peers, and invest in long-term solutions
- It brings together leading healthcare and academic institutions to redefine and improve health outcomes while aligning on key global healthcare priorities
ABU DHABI, UAE, April 18, 2025 /PRNewswire/ — A groundbreaking ‘Declaration on Longevity and Precision Medicine’ was launched at Abu Dhabi Global Health Week (ADGHW), marking a historic milestone in the quest to transform healthcare delivery and research worldwide.
As the first initiative of its kind, and developed in collaboration with leading international health organisations, academic institutions, and industry pioneers, the declaration establishes key principles to accelerate the advancement of precision medicine and longevity science.
Speaking at the launch, H.E. Mansoor Ibrahim Al Mansoori, Chairman of the Department of Health – Abu Dhabi (DoH) stated: “Healthy populations lead to healthy communities, stronger social cohesion, and fuels economic growth. This declaration unites global leaders to harness emerging technologies responsibly and deliver the benefits of precision medicine to all. Because health knows no boundaries, we are working together towards actionable and long-term solutions.”
Developed in collaboration with experts worldwide, the declaration aims to drive the adoption of personalised care and promote research into extending healthy lifespans. It highlights the urgency of addressing the widening healthspan-lifespan gap, which currently stands at nearly a decade globally.
The declaration comes at a critical time as the World Health Organization projects the global population aged 60 and older will double to 2.1 billion by 2050. Concurrently, the precision medicine market is expected to grow from $81 billion in 2023 to over $175 billion by 2030.
The United Arab Emirates (UAE) is rapidly emerging as a regional and global leader in the longevity market, driven by pioneering regulatory frameworks, investments in precision medicine, and groundbreaking initiatives such as the world’s first licensed Healthy Longevity Medicine Centre. From $19 billion in 2020, the UAE’s longevity market is estimated to reach $32 billion by 2026.
The declaration outlines bold commitments to advance longevity science, artificial intelligence (AI), driven diagnostics, and personalised therapeutics. It sets forth six key pillars: advancing research and innovation, enhancing collaboration and knowledge-sharing, investing in education and workforce development, advocating for supportive policy and regulation, upholding ethics and responsible practices and engaging the public about longevity research and its implications for health and society.
Signatories who convened at ADGHW to formalise their commitment which was led by DoH included, M42, Masdar City, PureHealth, Illumina, NYU Abu Dhabi, University of Pennsylvania, Aldar, Children’s National Hospital, Burjeel, Children Hospital of Philadelphia, and the Institute for Healthier Living Abu Dhabi (IHLAD).
PwC Middle East, a strategic partner in the initiative, highlighted the global significance of this declaration in advancing global healthcare priorities. Lina Shadid, Health Industries Leader, PwC Middle East stated: “The declaration on longevity and precision medicine provides a global blueprint for integrating AI, genomics, and precision healthcare into mainstream medical practice and within the health ecosystem, to accelerate the adoption of life-changing medical innovations worldwide.
The declaration reflects Abu Dhabi’s ongoing commitment to shaping the future of health through knowledge-sharing, investment in research, and the integration of emerging technologies. By convening global experts and institutions, DoH is ushering a new era of precision medicine —one that prioritises personalised and preventative care, and enhances quality of life for populations worldwide.
Governments, health organisations and relevant stakeholders worldwide are encouraged to sign this declaration. For more information, please visit: https://www.adghw.com/
ADGHW is a major government initiative from DoH and serves as a platform for innovation and collaboration under the theme ‘Towards Longevity: Redefining Health and Well-being.’ It places a strong emphasis on community-driven health and well-being, with a proactive approach centred around preventive, personalised, and holistic care.
For media inquiries or interview opportunities, please contact:
Maroun Farah, Senior Media Relations Manager, Weber Shandwick
E: [email protected]
T: +971 55 166 2557
For media inquiries, please contact: Mariam Al Marzooqi
[email protected],
+971 50 536 6660
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Fintech PR
Yarbo Secures $27M+ Series B Funding to Accelerate Global Growth, Innovation, and Ecosystem Expansion
NEW YORK, April 18, 2025 /PRNewswire/ — Yarbo, the world’s first year-round multipurpose intelligent yard robot, has successfully closed its Series B funding round, raising approximately $27M USD. The round was backed by a group of strategic and financial investors, bolstering Yarbo’s vision of reimagining how the world handles outdoor work – one season at a time.
This fresh injection of capital will turbocharge Yarbo’s ability to scale mass production, enhance supply chain resilience, and deepen investment in R&D, fuelling faster product optimisation and iteration. The company also plans to accelerate talent acquisition, strengthen liquidity, and push forward with pre-IPO planning as it sets its sights on global expansion and long-term market leadership.
A Decade of Innovation, One Yard at a Time
Founded in 2015, Yarbo began life as Snowbot: targeting the infamously tough task of snow removal, a long-standing pain point for homeowners. Since then, the company has transformed from a niche robotics brand into a global category leader in outdoor automation, now operating under the Yarbo name.
With its signature “1+N” modular design, Yarbo offers year-round functionality powered by one intelligent core robot and a growing family of interchangeable modules. From snow blowing in winter, to lawn mowing in summer, to leaf blowing in autumn, Yarbo has become a household name for those who’d rather relax in their gardens than maintain them.
In 2022, Yarbo’s crowdfunding campaign raised over $3.45M USD, and by 2024, its own direct-to-consumer full-payment pre-order campaign generated 6,000+ orders. With momentum continuing to build, Yarbo expects 4–5x sales growth in 2025, supported by expansion across North America, Europe, Japan, and Australia.
New Trimmer Module Nears Mass Production
Hot off the back of a successful Spring Sale & Robotic Trimmer Launch livestream in early April – where Yarbo moved 702 total units, including 284 trimmers, and raked in over $850,000 in sales within 2 hours – the new Trimmer Module is fast approaching mass production.
Designed to tackle edges, tight spots, and other areas your mower can’t reach, the Trimmer expands Yarbo’s spring and summer capabilities, perfectly complementing the Lawn Mower and Blower modules.
Yarbo’s modular expansion doesn’t stop there. Future modules are in development to cover tasks such as granular or liquid spraying, moving your garbage bins to the curb, dog waste picking, and even fruit harvesting. All without changing the core robot. The goal? A full-spectrum, “1+N” yard ecosystem that meets every seasonal demand and makes yard work a relic of the past.
The Future of Yard Work Is Modular
After a well-received showcase at CES 2025, Yarbo continues to build on its latest product innovations, including:
- “Follow Me” Mode – Let Yarbo visually track and follow you, hands-free.
- 3,500 lbs pulling capacity – Yes, really. From firewood to garden carts.
- Quick-swap design – Change tracks, antennas or modules in under 5 minutes.
- Halow-powered Data Center – Better connectivity, stronger signal, wider coverage.
Whether it’s clearing leaves, trimming lawn edges, or prepping for a summer BBQ, Yarbo is the robotic outdoor companion for every season. The future looks even brighter (and a lot less back-breaking) for yard owners everywhere.
Interested in trying Yarbo for yourself? We’re happy to arrange media test units, product demos, and interviews to showcase just how easy spring yard work can be. Yarbo is actively recruiting distributors in both North America and Europe. For those interested, please email [email protected] or visit www.yarbo.com/become-a-dealer.
For more information on Yarbo, please visit www.yarbo.com.
About Yarbo
Yarbo is the world’s first multi-purpose yard robot, designed to meet over 20 kinds of yard care demands such as snow blowing, lawn mowing, leaf blowing and more. The fully autonomous robot’s core features include all-season yard maintenance, a modular design, data connectivity capabilities, wireless charging, smart route planning, app control and remote control and next-generation smart obstacle avoidance with patented precise positioning and navigation technology. This together provides yard enthusiasts with versatile and easy-to-use options for a stress-free, hands-free yard care experience. Established in 2015, Yarbo’s mission is to create value and make a difference in people’s lives through being the world’s leading intelligent outdoor equipment provider.
For inquiries, please contact:
Kathy Zhang
[email protected]
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DUBAI, UAE, April 18, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is making waves with its latest trading showdown: Crypto Surf: Ride the Waves with Trailing Stops. This high-octane competition invites traders to rally behind either copy trading or trading bots, battling it out for their share of a prize pool worth up to $250,000 in USDT.
Running from April 18 to May 19, 2025, at 12 a.m. UTC, the event introduces a squad-based structure where users choose their camp, trade strategically, and compete across PnL, ROI and trading volume leaderboards. With a dynamic reward structure, participants can also win by predicting which squad will come out on top.
Prize Pool Distribution Highlights:
- 40% to the champion squad
- 30% to the runner-up
- 25% to the top 100 individual traders by volume
- 5% to users who correctly predict the winning squad
The event brings together the best of both worlds: the strategic finesse of copy trading and the automated power of trading bots. It celebrates innovation, user choice, and the thrill of crypto trading.
Participants must hold a minimum wallet balance of $1,000 in USDT, generate at least $10,000 in squad volume, and complete identity verification Level 1 to qualify. Users can only register for one squad and vote once to predict the winner. Rewards will be distributed within 14 business days of the event’s completion.
The total prize pool will scale in line with event volume milestones, starting at $1.2 billion and unlocking up to $2 billion in traded volume for the full $250,000 in USDT.
Bybit continues to redefine the competitive trading landscape – bringing fun, strategy and serious rewards to its global community.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
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