Morgan Stanley on Thursday upgraded oil and gas giant Shell (SHEL.L, SHELL.AS) to overweight from equal weight and increased the price target to 37.80 pounds sterling from 30.45 pounds.
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Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, said Thursday it will increase crude prices for North America in October while keeping most prices unchanged for other geographies.The Saudi state-owned oil giant will increase prices for North America by $1 in October compared with September.Prices for buyers in North West Europe and the Mediterranean region will remain unchanged, while medium and heavy crude prices for Asia will increase by $1.
Williams Companies (WMB) said Thursday it completed its acquisition of Momentum Midstream in a transaction valued at about $5.5 billion.The transaction includes $3.5 billion of cash and debt consideration and about $2 billion of the company's equity, according to a statement.The company said the acquisition expands its natural gas infrastructure platform in the Haynesville to serve rising Gulf Coast LNG, power and industrial demand.
Weatherford International (WFRD) shareholders approved all proposals required for the company's redomestication from Ireland to Delaware, the company said Thursday.Weatherford expects the transaction to generate about $20 million to $30 million in annual cash savings beginning in 2027 and improve adjusted free cash flow conversion.The redomestication remains subject to customary closing conditions, including the final approval by the Irish High Court.The company expects the transaction to become effective during Q4 2026, subject to those conditions.