Goldman Sachs on Thursday raised the price target for upstream oil and gas company Vår Energi (VAR.OL) to 68.00 Norwegian kroner from 53.00 kroner and affirmed its buy rating.
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Equities
Shell to Sell Interest in US Gas Turbine Power Plant for $715 Million
Shell (SHEL.L, SHELL.AS) said Thursday it agreed to divest its interests in a gas turbine power plant in the US to energy production company Constellation Energy Generation for $715 million.The European oil and gas company's Shell Energy North America (US) subsidiary will transfer the interests in Risec Holdings, which owns the 609-megawatt, two-unit combined cycle gas turbine power plant, as part of the transaction.Completion is expected in the first quarter of 2027, subject to regulatory approvals.
$SHEL.L$SHELL.AS
Equities
Shell Unit to Acquire 169-MW Hunlock Power Plant in US
Shell (SHEL.L, SHELL.AS) said Thursday its subsidiary Shell Energy North America agreed to acquire 100% of Hunlock Creek Generating LLC, which owns 169 megawatts of natural gas-fired generation capacity in Pennsylvania, US.Owned by Riverview Power Holdings LLC, Hunlock comprises a two-unit, 125-megawatt combined-cycle power plant and a 44-megawatt simple-cycle peaking plant.The acquisition is expected to boost the Shell unit's access to power supply and capacity offtake in the Mid-Atlantic grid operated by PJM Interconnection, the biggest wholesale electricity market and grid operator in the US.
$SHEL.L$SHELL.AS
Equities
Magnolia Oil & Gas Completes Wildfire Energy Acquisition
Magnolia Oil & Gas (MGY) said on Thursday that it has completed its previously announced $4.06 billion acquisition of WildFire Energy.
$MGY