Mideast Oil Giants Bring Their Billions in Search of LNG Riches
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A new breed of investors is expanding into liquefied natural gas, one of the world's hottest commodities, offering billions of dollars for new projects and squeezing out established players.
With billions of dollars at their disposal and strong government backing, national oil companies — primarily from the Middle East — have been splurging on global LNG production, with capacity set to nearly double in the next ten years.
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Undervalued and Profitable: 2 Artificial Intelligence (AI) Stocks for Long-Term Portfolios
These companies supply critical components required in AI data centers and chips. These chipmakers are growing fast, and their remarkably cheap valuations make them worth buying right now. Both companies should keep growing at healthy rates long term, thanks to the AI-focused markets they serve. 10 stocks we like better than Micron Technology › A tried and tested way of making money in the stock market is by buying great companies that are tapping into a growing trend that also trade at attractive valuations and holding them for the long run. This strategy allows investors to benefit from secular growth opportunities and disruptive trends, as well as take advantage of the power of compounding. Artificial intelligence (AI) is turning out to be one such secular and disruptive trend that has the ability to supercharge the growth of many companies in the long run because of its ability to contribute trillions of dollars to the global economy. 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Marvell's revenue for fiscal Q1 (which ended on May 3) shot up a remarkable 63% year over year to $1.89 billion. The company reported a GAAP net income of $0.20 per share as compared to a loss of $0.25 per share in the year-ago period. AI played a central role in driving this terrific turnaround as the demand for Marvell's custom AI processors increased dramatically, leading to a 76% year-over-year increase in its data center revenue to $1.44 billion. CEO Matt Murphy remarked on Marvell's May earnings conference call, "These strong results, along with our second-quarter guidance, are being driven by the rapid scaling of our custom AI silicon programs to high-volume production, along with robust shipments of our electro-optics products for AI and cloud applications." Importantly, Marvell expects its robust data center momentum to continue in the current and the next fiscal year, as well as in the long run. 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India's Dhunseri Group to expand packaging films business
India-based Dhunseri Group is set to invest over Rs22bn ($254.4m) by the financial year 2028-29 to enhance its flexible packaging films business through both greenfield and brownfield projects, says Business Standard. The investment aims to expand production capacity and cater to the growing market demand. For the greenfield project in Kathua, Jammu and Kashmir, the group has earmarked an investment of about Rs12.4bn. Additionally, approximately Rs10bn will be allocated for the brownfield project at Panagarh in West Bengal. These expansions are expected to be carried out by Dhunseri Poly Films (DPFPL), a wholly-owned subsidiary of Dhunseri Ventures. Dhunseri Poly Films will expand its operations at Panagarh by installing at least two new production lines, one for biaxially oriented polyethylene terephthalate and another for biaxially oriented polypropylene (BOPP). The company already operates a unit at Panagarh. The capital expenditure for the new lines at the Panagarh facility is expected to be financed with a debt-equity ratio of 70:30. These lines are expected to be operational by 2029. The Panagarh plant, which commenced commercial production in December 2023, is now poised for further growth. The company will add two BOPP plants at Kathua. The commercial production from the greenfield plant at Kathua is expected to commence in 2027. Dhunseri Poly Films serves the domestic market while also exporting to Europe, Bangladesh, and Nepal, with these regions being the major overseas markets. For the financial year 2025, Dhunseri Ventures reported a net profit of Rs142.9bn and a revenue of Rs480.4bn, indicating a strong financial position to support the planned investments. "India's Dhunseri Group to expand packaging films business" was originally created and published by Packaging Gateway, 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.
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