TotalEnergies (TTE.PA, TTE.L) signed a memorandum of understanding with Egyptian Natural Gas Holding to jointly assess deep offshore exploration potential in Egypt's north-western offshore.
The agreement outlines the framework for the parties' technical collaboration on preliminary exploration and subsurface evaluation activities, the French energy giant said Wednesday.
Equinox Gold (EQX) said Wednesday it agreed to acquire Orla Mining (ORLA) to create a combined North American gold producer.Under the arrangement, target shareholders will receive one Equinox common share and a nominal cash payment of $0.0001 for each share held, the company said.The combined entity is projected to have an implied market capitalization of roughly $18.5 billion and generate about 1.1 million ounces of annual gold production, Equinox Gold said.Existing Equinox investors will own about 67% of the new organization while former Orla shareholders will hold the remaining 33% stake upon the expected Q3 closing, it said.Shares of Orla Mining were up 3% in Wednesday premarket activity.
EOG Resources (EOG) has an average rating of overweight and mean price target of $158.52, 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://www..com/contact-us)
BP (BP) has stopped contract discussions with the US steelworkers' union after the lockout of over 800 employees at its Whiting, Indiana, facility, Reuters reported Wednesday, citing a statement from the union.The United Steelworkers alleged the energy firm is intentionally slowing down the bargaining process, after the union attempted to initiate new talks last week but was informed the corporation would be unavailable to meet for roughly 14 days, the news outlet reported.BP and the United Steelworkers did not immediately respond to' request for comment.(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.)