Gulf Marine Services (GMS.L) secured an 183-day extension to a contract that involves one of its small-class vessels in the Gulf Cooperation Council region.
The offshore energy support vessels company said Monday that the agreement, which was obtained from an undisclosed Middle Eastern national oil company, includes two three-month extension options.
Abu Dhabi National Oil Co., or Adnoc, said Aug. 15 that one of its vessels was attacked in the Strait of Hormuz.The state-owned oil company confirmed that the attack, which occurred on the evening of Aug. 14, resulted in no injuries.
Ecopetrol (EC) has an average rating of hold and mean price target of $15.14, 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://finwires.com/en/contact)Price: $17.28, Change: $+0.08, Percent Change: +0.47%
FAB Securities revised its price target for Adnoc Logistics & Services (ADX:ADNOCLS) to 7.65 Emirati dirhams, with an unchanged buy rating on the stock, following the United Arab Emirates-based energy maritime logistics company's second-quarter results."ADNOC L&S delivered a strong 2Q26 performance, driven primarily by a significant improvement in Shipping, supported by elevated tanker TCE rates, stronger ADNOC-related activity and fleet additions. Shipping is expected to remain the key earnings driver through 2026, with the Company upgrading segment revenue growth guidance to mid-80% YOY and EBITDA growth to low-190% YOY, reflecting stronger-than-expected tanker market conditions," analysts said Friday. "Overall, the combination of elevated tanker rates, strong ADNOC-related activity, significant fleet expansion, improving Integrated Logistics volumes and substantial contracted revenue provides strong visibility for earnings growth."The company's second-quarter net profit attributable to equity shareholders climbed to $917 million from the year-ago $229 million, surpassing the research firm's forecast of $355 million. Revenue also increased over the period.The stock's price target stood at 6.70 dirhams as of May 25, according to FAB's website.