88 Energy (88E.L) said Tuesday that its Namibian joint venture made a formal application to enter the second renewal exploration period for Petroleum Exploration License 93 at the onshore Owambo Basin.
The energy company holds a 20% non-operated working interest in the basin. The PEL 93 joint venture's second exploration period will commence Oct. 3, with at least one exploration well to be drilled during the two-year renewal period.
Activist hedge fund Elliott Management acquired an interest in Air Liquide (AI.PA), London's Financial Times reported Monday, citing people familiar with the matter.The unnamed sources said Elliott Management engaged with the French industrial gases company in recent weeks after building its stake.Air Liquide and Elliott did not immediately respond to requests for comments from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Venezuelan crude oil exports bounced back in August, just as the Trump administration unveiled plans to secure a greater foothold in the South American country's oil sector, Bloomberg reported Monday.According to data from Kpler and vessel movements tracked by Bloomberg, tankers loaded 1.114 million barrels of crude a day in August, a 28% increase month-on-month, as trade with India more than doubled.The Trump administration on Friday said the US government is partnering with private companies to gain control of 65 billion barrels of Venezuelan oil reserves.
Mizuho Securities on Sunday initiated coverage of industrial gases company L'Air Liquide (AI.PA) with an outperform rating and a price target of 200.00 euros.