Liquefied natural gas transportation company Awilco LNG (ALNG.OL) appointed Niels Rigault as its chief commercial officer, according to a Tuesday release.
Rigault previously served as the executive vice president commercial at liquefied petroleum gas vessels operating company BW LPG (BWLPG.OL).
The European Central Bank will likely need to raise interest rates at the upcoming June meeting amid a "much more persistent" inflation shock, according to ECB executive board member Isabel Schnabel."The shock is working its way through the economy and is shifting inflation away from our target over a significant period of time. Even if the war ended today, a lot of damage has already been done to energy infrastructure and global supply chains. So, even then, I believe that a monetary policy reaction would be needed," Schnabel told Reuters in an interview published Tuesday.As headline inflation in the euro area hit 3% and is projected to climb toward 4% by the end of 2026, Schnabel added that "looking through is no longer an option in my view." However, she maintained that the central bank remains "strictly data dependent" and will avoid pre-committing to a specific policy path past June.
Constellation Oil Services (COSH.OL) uplisted its depositary receipts to Euronext Oslo Børs on Tuesday, according to a same-day release.The offshore drilling company transferred its shares from Euronext Growth Oslo.
Barclays upgraded its investment opinion on Iberdrola (IBE.MC), saying the Spanish company is a "gold standard" utility with a "once in a generation" growth opportunity.In a Tuesday note, the research firm raised its rating to overweight from equal weight and increased its price target by 34% to 22.60 euros. Analysts said the energy company's capital deployment track record is expected to be "turbocharged" by the energy transition, artificial intelligence data center demand, and energy security priorities."The current strategic pivot is towards regulated networks (UK/US), with renewables and low voltage networks providing optionality into the next decade. We estimate Iberdrola's strong balance sheet can finance these growth opportunities," the note said.Against this backdrop, Barclays projects an EPS growth rate of nearly 11% between full-year 2026 and 2030, surpassing the sector slightly, alongside an anticipated total shareholder return of 15%. These estimates sit at the upper end of management's high single-digit guidance and ahead of Bloomberg consensus expectation of 8% for the 2024 to 2028 period, the research firm added.Upcoming key catalysts include the implementation of the UK's new transmission regulatory framework, the impact of the New England Clean Energy Connect interconnection operations, and Iberdrola's Castellón Green Hydrogen project with BP (BP.L), among others.