Equinor (EQNR) recommended that the company's corporate assembly elect Jarle Roth as new chair of the board, the company said Monday.
The committee also recommended the re-election of Anne Drinkwater as deputy chair, the company said.
Roth has been a board member since December and has had chief executive positions in several Norwegian companies, Equinor said.
BP (BP) is selling a 5% stake in the Browse liquefied natural gas project in Western Australia to GS Energy, leaving it with a 39.33% interest in the project, news outlets reported Monday.Financial details of the transaction were not disclosed.The sale is part of BP's portfolio management strategy of onboarding a partner to advance the project, the reports said, citing an emailed statement from BP. The project is expected to cost 48.7 billion Australian dollars ($34.97 billion) according to the reports.BP and GS Energy did not immediately respond to' requests for comments.
ConocoPhillips (COP) has an average rating of overweight and mean price target of $144.32, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Petroleo Brasileiro SA (PBR), also known as Petrobras, said Monday that it will reduce domestic diesel prices starting Monday as part of a Brazilian government program aimed at cushioning consumers from higher fuel costs linked to geopolitical tensions in the Middle East.The state-controlled oil producer said it will lower its average diesel selling price to distributors by 0.3515 reais per liter, or 9.6%, to 3.30 reais per liter starting June 1.Petrobras sid the reduction is tied to a federal subsidy program designed to offset the reinstatement of Brazil's PIS and Cofins fuel taxes.