Arrow Exploration Corp has begun production at its new Mateguafa HZ12 well in Colombia, contributing a restricted output of 564 barrels of oil per day. The well was drilled on time and under budget, reaching a depth of 13,824 feet and encountering multiple oil-bearing zones. Initial testing showed a maximum rate of 668 barrels per day before settling at the current rate, producing 32° API oil with a 60% water cut. This addition brings Arrow's total gross production to around 5,000 barrels of oil equivalent per day. The company has moved its rig to a new site to continue exploration and holds $24.2 million in cash with no debt as of May 1.
The global lithium-ion battery market, valued at $68.5 billion in 2025, is projected to grow to $468.5 billion by 2035 at a CAGR of 21.2%. Growth is fueled by rising demand for electric vehicles, energy storage systems for renewable energy, and suppo...
At Intersolar Europe 2026 in Munich, Ganfeng LiEnergy presented its high-efficiency, cost-effective energy storage products designed for global energy transition needs. The company highlighted its large-capacity battery containers, ultra-long cycle c...
China International Capital Corporation (CICC) successfully held the 4th China-ASEAN Economic and Financial Seminar in Singapore, gathering over 200 representatives from government, investment, and business sectors. The event focused on capital flows...
On July 8, 2026, Cathie Wood sold $8 million of Advanced Micro Devices (AMD) stock in a single day. This significant sale by a well-known investor could indicate a shift in her portfolio strategy or a response to market conditions affecting AMD. Inve...
Bitcoin surged 3.5% to nearly $64,000, recovering losses from geopolitical concerns involving Iran and ending the week up 4.2%. The rise was largely fueled by a rally in Asian semiconductor and AI-related stocks, a weaker U.S. dollar, and leverage-dr...
