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Update: BP to Sell 5% Stake in Australia's Browse Project
(Updates to add information)BP (BP.L) is reducing its interest in the Browse natural gas project in Australia to 39.33%, according to a Monday emailed statement.The British oil and gas company agreed to divest a 5% working interest in the project to South Korean energy services provider GS Energy. The development is Australia's biggest undeveloped offshore gas resource."bp and its partners continue to see long-term value in the project, including its role in supporting energy security in Australia and the region," the company said.The transaction is subject to regulatory and joint venture approvals.
$BP.L
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Halliburton Expands Digital Capabilities With Acquisition of InformatiQ
Halliburton (HAL) said Monday that it has acquired Norway-based InformatiQ AS, turning a long-standing collaboration into full ownership to expand its cloud-native digital capabilities across subsurface, drilling, well, and logistics workflows.InformatiQ's SaaS platform, including its geologiQ digital twin and tools, and SAP-integrated logistics will enhance Landmark's asset management offering and broaden its software suite, Halliburton said.Financial terms were not provided.
$HAL
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AlphaValue/Baader Europe Upgrades Shell to Buy Rating, Trims PT
AlphaValue/Baader Europe on Monday raised energy giant Shell (SHEL.L, SHELL.AS) to buy from add and lowered its price target to 42.20 pounds sterling from 42.46 pounds.(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)
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