FINWIRES · TerminalLIVE
FINWIRES

Venture Global Signs Liquefied Natural Gas Supply Agreements With TotalEnergies, Vitol

By

Venture Global (VG) said Tuesday that it has signed binding agreements with TotalEnergies (TTE) and Vitol to supply additional liquefied natural gas.

TotalEnergies will purchase 0.85 million tons per annum of the fuel over a five-year period starting this year, Venture Global said.

Separately, Vitol expanded its existing five-year purchase contract to 1.7 million tons per annum from the 1.5 MTPA previously reported in March, Venture Global said.

Shares of Venture Global were up 11% in recent Tuesday premarket activity.

Related Articles

Equities

Capital One Adjusts Price Target on APA to $51 From $50, Maintains Overweight Rating

APA (APA) has an average rating of hold and mean price target of $42.11, 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)

$APA
Equities

Saudi Aramco FY26 Forecasts Revised as BofA Notes Better-than-Expected Q1 Results

BofA Global Research raised its forecasts for Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, as it incorporated the company's stronger-than-anticipated first-quarter results."We update our model post 1Q26 results to reflect better than expected upstream EBIT, which came 7% higher than BofAe as well as lower taxes. As a result, our FY26E net income has increased by c.3% vs our old estimates, while FY27E and 28E net income remain broadly unchanged," analysts wrote in a Tuesday note. "We believe Aramco is well positioned for production ramp post conflict resolution. To get from 10mb/d to 12mb/d, it contractually has 90 days, but it usually takes about 3 weeks. It can sustain 12mb/d production for up to 12 months without additional investments."The 2026 EPS estimate was upwardly revised to 2.13 Saudi riyals from 2.07 riyals, while the projection for 2028 was nudged higher to 2.14 riyals from 2.13 riyals.The buy rating on the stock and price objective of 34.50 riyals were both maintained.

$SASE:2222
Equities

Corcel Names New CFO

Corcel (CRCL.L) appointed Leandro Schujmann as chief financial officer, succeeding Scott Kaintz, according to a Tuesday release.Schujmann joins the upstream oil and gas company from oil and gas peer, Meren Energy (MER.ST), where he was CFO.

$CRCL.L$MER.ST