09 October 2025
09 October 2025
Biofuel producers must look beyond waste lipids if they want to avoid a feedstock bottleneck; land-efficient, industrial-integrable microalgae offer a solution.
The agreement follows Iraq's recent deals with other oil companies including Chevron, bp and TotalEnergies.
The revised bid values MEG at approximately C$29.80 ($21.35) per share, which Cenovus stated is its "best and final" offer.
The project awaits a new licence from the Trump administration, which would exempt it from sanctions.
The Dubhe-1 well reached a total measured depth of 15,800ft, with approximately 5,200ft of the wellbore entirely within the SMD-B target reservoir.
At an extraordinary general meeting called by Shelf to consider the proposed transaction, 99.6% of votes cast were in favour of the merger.
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