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Jefferies Adjusts Price Target on EQT to $77 From $76, Maintains Buy Rating

EQT (EQT) has an average rating of overweight and mean price target of $70.76, according to analysts polled by FactSet.

Raymond James Adjusts Price Target on ConocoPhillips to $145 From $118, Maintains Outperform Rating

ConocoPhillips (COP) has an average rating of overweight and mean price target of $140.37, according to analysts polled by FactSet.

$COP

Equities147d ago

Shell to Acquire ARC Resources for $16.17 Billion

ARC Resources said Monday it has entered into a definitive agreement to be acquired by Shell (SHEL) in a cash-and-share deal valued at about 22 billion Canadian dollars ($16.17 billion).Under the terms of the deal, ARC shareholders will receive 0.40247 of a Shell share and CA$8.20 in cash consideration in exchange for each ARC share they own, representing a total consideration of CA$32.80 per ARC share.The acquisition is expected to close in H2, ARC said."ARC is a high-quality, low-cost and top-quartile low carbon intensity producer that complements our existing footprint in Canada and strengthens our resource base for decades to come," Shell Chief Executive Wael Sawan said in a statement.

$SHEL

Equities147d ago

Raymond James Adjusts Diamondback Energy Price Target to $242 From $240, Maintains Strong Buy Rating

Diamondback Energy (FANG) has an average rating of overweight and mean price target of $223.16, according to analysts polled by FactSet.

$FANG

Equities147d ago

Shell to Acquire ARC Resources for $16.17 Billion

$SHEL

Equities147d ago

Alliance Resource Partners Q1 Earnings, Revenue Decline; Quarterly Cash Distribution Maintained

Alliance Resource Partners (ARLP) reported Q1 earnings Monday of $0.07 per diluted unit, compared with $0.57 a year earlier.Two analysts surveyed by FactSet expected $0.39.Revenue for the quarter ended March 31 was $516 million, compared with $540.5 million a year earlier.Four analysts surveyed by FactSet expected $518.2 million.The company said it maintained its quarterly cash distribution of $0.60 per unit, which is payable on May 15 to unitholders of record as of May 8.

$ARLP

Equities147d ago

AKITA Drilling Announcing "Transformative" Acquisition of Fox Drilling and Elimination of Dual Class Share Structure

$AKT-A.TO$AKT-B.TO

Equities147d ago

Earnings Flash (ARLP) Alliance Resource Partners Posts Q1 Earnings $0.07 a Unit, vs. FactSet Est of $0.39

$ARLP

Equities147d ago

Akastor Unit to Sell Skandi Emerald Ship for $23 Million

Akastor's (AKAST.OL) DDW Offshore subsidiary agreed to divest its Skandi Emerald vessel for $23 million.The agreement that follows amended Saleform 2012 terms will conclude in the second quarter of 2026, subject to customary requirements, according to a Monday release.The Norwegian oil-services investor added that the sale will decrease its unit's revolving credit facility value to $8 million from $16 million.

$AKAST.OL

Equities147d ago

Market Chatter: TotalEnergies' Wind Farm Venture Delays Government Contract in UK

The UK's Seagreen wind farm, which is 25.5%-owned by TotalEnergies (TTE), has delayed a fixed-price government contract, preferring to sell electricity at higher market rates, Bloomberg reported Monday, citing data that it compiled.Seagreen will delay the contract until fall, instead of starting at the end of March, Bloomberg reported, citing the data.Seagreen is 49%-owned by SSE Renewables, while Thailand's PTTEP owns the remaining 25.5% stake, according to TotalEnergies' website.TotalEnergies and SSE did not immediately respond to' requests for comments.(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.)

$TTE

Equities147d ago

88 Energy Unit Extends Funding Deadline for Alaskan Oil Project

88 Energy's (88E.L) Accumulate Energy Alaska agreed to extend Burgundy Xploration's funding milestone timeline under their participation agreement for Project Phoenix, on the North Slope of Alaska, to Sept. 30.The deadline was moved following the US Securities and Exchange Commission's extended review schedule for Burgundy's planned initial public offering, the oil and gas exploration company said Monday. It added that the new date is "finite and sufficient" for Burgundy to deliver on its funding requirements for the oil project.As consideration for the extension, Burgundy will pay Accumulate Energy Alaska a $100,000 amendment fee and an additional $300,000 in relation to the outstanding Icewine 3D consideration.

$88E.L

Equities147d ago

Europa Oil & Gas' Well Plan in UK Town Faces Local Opposition

Europa Oil & Gas (EOG.L) said Monday that the North Yorkshire Council planning committee is minded not to approve a proposed well at its Cloughton prospect in Burniston, UK.The oil and gas company noted that the proposal had received a positive recommendation from the council's planning department. It plans to appeal the decision once a final recommendation is issued, saying it is confident that the planned well will be approved on appeal.

$EOG.L

Equities147d ago

Advanced Petrochemical Posts Lower Q1 Attributable Profit; Revenue Up

Advanced Petrochemical Co. (SASE:2330) said Monday its attributable net profit in the first quarter fell, while revenue grew year over year.Net profit attributable to shareholders of the issuer for the three months ended March 31 was 30 million Saudi riyals, compared with 72 million riyals earlier. EPS moved to 0.116 riyal from 0.277 riyal.The Tadawul-listed propylene and polypropylene products company's revenue was 1.08 billion riyals, compared with 614 million riyals a year ago.

SASE:2330

Equities147d ago

Equinor Extends Archer's Wireline Services Contract

Archer (ARCH.OL) said Monday that oil and gas company Equinor (EQNR.OL) extended its wireline services contract on the Norwegian Continental Shelf with the company for three years.The Norwegian drilling and well services company noted the 3 billion-Norwegian-krone extension builds on the original contract signed between the companies in 2021.

$ARCH.OL$EQNR.OL

Equities148d ago

Panoro Energy CEO to Retire; Executive Chair Named as Successor

Panoro Energy (PEN.OL) Group Chief Executive Officer John Hamilton will retire after the annual general meeting on May 21, according to a Monday release.The Norwegian oil and gas company appointed Executive Chair Julien Balkany as Hamilton's successor, effective Jan. 1, 2027. The company added that Hamilton will remain in the company as a nonexecutive director.Additionally, the company noted that Deputy Chairman Torstein Sanness will assume the emeritus chairman position.

$PEN.OL

Equities148d ago

Moody's Keeps Norway's Ratings, Stable Outlook on Economic Strength

Moody's maintained the government of Norway's Aaa long-term issuer ratings with a stable outlook.The rating affirmation is supported by the country's "exceptionally strong" public sector balance sheet, "very low" risk to debt sustainability, institutional setup, wealth levels, and diversification offered by the Government Pension Fund Global's assets, according to an April 24 release.The stable outlook, meanwhile, reflects the lack of downward pressure on Norway's ratings, with Moody's noting the European country's effective fiscal and monetary policy response to potential shocks.Amid the Middle East conflict, the rating agency expects a "broadly neutral" impact on Norway's credit profile as higher government revenue due to energy price hikes is offset by upward pressure on inflation.

^SXXP

Equities148d ago

Lu'an Environmental Energy 2025 Profit Down 54%; Shares Up 3%

Shanxi Lu'an Environmental Energy Development (SHA:601699) posted 2025 attributable net profit of 1.12 billion yuan, down 54% from 2.45 billion yuan the previous year.Earnings per share declined to 0.37 yuan from 0.82 yuan, according to a weekend filing with the Shanghai bourse.Operating revenue fell 22% year over year to 27.8 billion yuan from 35.9 billion yuan.Shares of the coal miner rose 3% in recent trade.

SHA:601699

Equities148d ago

SLB CEO Expects More Investments in Exploration Once Middle East Conflict Subsides

SLB (SCL.F) Chief Executive Officer Olivier Le Peuch expects additional investments in exploration following the conflict in the Middle East, particularly the US-Israeli war with Iran, Reuters reported April 24.Le Peuch said additional investments will stem from many countries' prioritization of supply diversification. He expects projects, including deepwater offshore developments in North America and Latin America, to benefit from the anticipated trend.The oilfield services company's chief also expects oil prices to increase following the war, compared with levels before it broke out.

$SCL.F

Equities148d ago

Petro Rabigh Emerges From Loss in Q1; Revenue Grows

Rabigh Refining and Petrochemical (SASE:2380), d/b/a Petro Rabigh, said Sunday it swung back to profit in the first quarter of 2026, while revenue increased year over year.Net profit attributable to shareholders of the issuer for the three months ended March 31 was 1.47 billion Saudi riyals, compared with the attributable loss of 691 million riyals earlier. EPS moved to 0.88 riyal from a loss per share of 0.41 riyal.The Tadawul-listed oil refining and petrochemical company's revenue was 14.85 billion riyals, compared with 11.21 billion riyals a year ago.

SASE:2380

Equities150d ago

Heidmar Maritime Gets Nasdaq Notice Over Minimum Bid Price

Heidmar Maritime (HMR) said Friday it received a notice from Nasdaq indicating the company is not in compliance with the exchange's minimum bid price requirement after its shares traded below $1 per share for 30 consecutive business days.The company said it has until Oct. 19, 2026, to regain compliance with the requirement.Heidmar said it intends to monitor its share price and consider available options to regain compliance within the allowed timeframe. Its shares will continue to trade on Nasdaq during the grace period and the notice does not affect the company's business operations.Shares of Heidmar Maritime were down 3.6% in after-hours trading.

$HMR

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