Oil and gas company Star Energy (STAR.L) conditionally raised 8.5 million pounds sterling in gross proceeds through a share placing, and announced a retail offer.
The retail offer is expected to raise gross proceeds of up to 600,000 pounds, with up to 4 million new shares being offered at 0.15 pound apiece. The results are due on May 7, according to a Friday filing.
Zeus Capital is serving as Star Energy's nominated adviser, broker and bookrunner. VSA Capital is the agent for the placing.
Certain units at BP (BP.L) Whiting Refinery in Indiana, US, briefly lost electric power on Sunday night.The oil and gas company said in an emailed statement on Thursday that power was quickly restored, with the issue attributed to electrical systems. It added that the power interruption was not due to the operator's actions.The statement comes after media speculation regarding the event and its impact on gas prices. BP said it does not speculate on market pricing or set oil prices.
Sable Offshore (SOC) awarded Chief Executive Jim Flores a $76 million compensation package in 2025, according to a regulatory filing on Thursday.This was despite the California oil driller not selling any crude during the year, Bloomberg reported.The package was largely driven by more than $69 million in stock awards, along with a $1.3 million salary and a $3.9 million bonus, according to the regulatory filing.Flores earned $1.7 million in 2024 with no stock awards.
Iran's supreme leader Mojtaba Khamenei said Thursday the United States had suffered a "disgraceful defeat," rejecting Donald Trump's warning that a naval blockade could remain in place for months, AFP reported.Oil prices briefly surged to a four-year high amid escalating tensions before easing, as Iran maintained control over shipping in the Strait of Hormuz following the outbreak of conflict in February.In a statement read on state television, Khamenei said a "new chapter" was unfolding for the Persian Gulf and claimed regional powers no longer needed outside intervention, warning foreign actors had "no place" in the region.The US imposed a blockade on Iranian ports two weeks ago and is now working to build an international coalition to ensure safe passage through Hormuz while sustaining pressure on Tehran, a State Department official told AFP.