SNB Capital on Tuesday reduced the price target for chemical and polymer manufacturer Saudi Kayan Petrochemical (SASE:2350) to 5.60 Saudi riyals from 6.10 riyals and affirmed its neutral rating.
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TotalEnergies (TTE.PA, TTE.L) secured approval from the Russian government to offload a 10% stake in its Arctic LNG 2 project located in the country's Gydan Peninsula, Bloomberg News reported Wednesday, citing a presidential order.The approval allows the energy giant to transfer its direct holding in the project, which has been under sanctions due to the Russia-Ukraine war.TotalEnergies did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Cactus (WHD) said in a regulatory filing submitted Tuesday that its Cactus Companies subsidiary has entered into an agreement to extend the maturity date of its credit facility.The credit facility, which was undrawn, will expire Dec. 31 instead of June 1, the company said.
Gulf Navigation (DFM:GULFNAV) entered a multi-year charter deal with SLB's Schlumberger Western for the Allianz Warrior well stimulation vessel.The agreement has automatic renewal terms with no commodity exposure, according to a Wednesday release.Gulf Navigation is also in the process of changing its name to Etihad Energy Holding.