FINWIRES · TerminalLIVE
FINWIRES

Update: Market Chatter: Equinor Explores European Consumers' Appetite for Costlier Energy

By

Equinor (EQNR.OL) is assessing whether Germany and other major European consumers are prepared to commit long-term to support investments in higher-cost oil and gas projects, Bloomberg News reported Wednesday, citing unnamed sources.

The Norwegian energy company, which expects production from its North Sea fields to decline over the next 10 years, may increasingly look toward Arctic drilling projects to maintain output, the report said.

Equinor said it had no comment when reached by.

(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.)

Related Articles

Equities

Dana Gas Books Higher Q1 Profit, Gross Revenue

Dana Gas PJSC (ADX:DANA) said Thursday that its profit and gross revenue for the first quarter grew year over year.Profit attributable to equity holders of the company for the three months ended March 31 was $74 million, compared with $43 million a year ago. EPS moved to $0.011 from $0.006.The Abu Dhabi-listed natural gas company's gross revenue was $145 million, compared with $91 million earlier.

$ADX:DANA
Equities

Update: Adnoc Logistics & Services Posts Higher Q1 Profit; Revenue Declines

(Updates to add dividend information)ADNOC Logistics & Services (ADX:ADNOCLS) said Thursday that attributable profit for the first quarter increased, while revenue decreased year over year.Profit attributable to equity holders for the three months ended March 31 was $202.7 million, compared with $180.5 million earlier. EPS moved to $0.03 from $0.02.The Abu Dhabi-listed energy maritime logistics company's revenue was $1.08 billion, compared with $1.18 billion a year ago.Meanwhile, the board resolved to distribute a dividend of 0.0423 dirham per share for the quarter, payable within 30 days from May 13 to shareholders as of May 21.The group raised its guidance for full-year 2026 and now expects mid-to-high-teen growth in net profit and a low-to-mid single-digit decline in revenue, compared with earlier projections for low-to-mid single-digit improvement in net profit and a mid-single-digit dip in revenue.

$ADX:ADNOCLS
Equities

Adnoc Logistics & Services Posts Higher Q1 Profit; Revenue Declines

ADNOC Logistics & Services (ADX:ADNOCLS) said Thursday that attributable profit for the first quarter increased, while revenue decreased year over year.Profit attributable to equity holders for the three months ended March 31 was $202.7 million, compared with $180.5 million earlier. EPS moved to $0.03 from $0.02.The Abu Dhabi-listed energy maritime logistics company's revenue was $1.08 billion, compared with $1.18 billion a year ago.The group raised its guidance for full-year 2026 and now expects mid-to-high-teen growth in net profit and a low-to-mid single-digit decline in revenue, compared with earlier projections for low-to-mid single-digit improvement in net profit and a mid-single-digit dip in revenue.

$ADX:ADNOCLS