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Empyrean Energy Says Jack-up Drilling Rig Secured for Indonesian Gas Field

Empyrean Energy (EME.L) said Friday Conrad Asia Energy and its unit West Natuna Exploration signed a binding contract with PT Pertamina Drilling Services Indonesia for a jack-up drilling rig for the Mako gas field in Indonesia.The Admarine 502 rig will drill six development wells and install the conductor support frame under a 180-day contract, which also includes extension options. Work is expected to commence in the second quarter of 2027.According to its website, the London-listed oil and gas explorer holds an 8.5% interest in the project.

$EME.L

Equities19d ago

Update: ADM Energy JV Advances Planned US Oil, Gas Portfolio Acquisition

(Updates to clarify asset interest in the third paragraph)Energy investment group ADM Energy (ADME.L) said Friday that Vega Upstream JV, its joint venture with Covenant Oil Group, is progressing with the planned acquisition of a portfolio of oil and gas assets in Oklahoma, US.Vega Upstream JV has so far invested $950,000 toward the proposed acquisition, which comprises a 49.4% working interest in 28 operated natural gas, natural gas liquids, and oil wells; a 3.9% working and/or overriding royalty interest in 250 non-operated natural gas, natural gas liquids, and oil wells; and a natural gas gathering system.ADM Energy recently raised its asset interest in the joint venture to 25% from 10%, and has the option to increase it up to 35%.

$ADME.L

Equities19d ago

ADM Energy JV Advances Planned US Oil, Gas Portfolio Acquisition

Energy investment group ADM Energy (ADME.L) said Friday that Vega Upstream JV, its joint venture with Covenant Oil Group, is progressing with the planned acquisition of a portfolio of oil and gas assets in Oklahoma, US.Vega Upstream JV has so far invested $950,000 toward the proposed acquisition, which comprises a 49.4% working interest in 28 operated natural gas, natural gas liquids, and oil wells; a 3.9% working and/or overriding royalty interest in 250 non-operated natural gas, natural gas liquids, and oil wells; and a natural gas gathering system.ADM Energy recently raised its stake in the joint venture to 25% from 10%, and has the option to increase it up to 35%.

$ADME.L

Equities19d ago

Touchstone Exploration Raises $11 Million Via Share Issuance

Touchstone Exploration (TXP.L) said Friday it initially raised $10.9 million in gross proceeds through a share issuance at 0.07 pound sterling, with its WRAP offer still open.The petroleum and natural gas company's largest shareholder, Purebond, subscribed for about $10.3 million of the total via a combination of subscription shares and debt securities.The new shares are expected to be admitted to trading on London's AIM and listed on the TSX in Toronto, Canada, on June 10.

$TXP.L

Equities19d ago

ShaMaran Petroleum Shares Debut on Oslo Bourse's Euronext Growth

ShaMaran Petroleum (SNM-SDB.ST) shares started trading on the Oslo Stock Exchange-operated Euronext Growth Oslo on Friday, according to a same-day release.The Iraq-focused oil and gas company was previously listed on the TSX Venture Exchange in Toronto.

$SNM-SDB.ST

Equities19d ago

SBM Offshore to Sell 45% Stake in Woodside Energy-leased Vessel Chalchi

SBM Offshore (SBMO.AS) said Thursday it agreed to sell a 45% ownership interest in the floating storage and offloading vessel Chalchi to Nippon Yusen Kabushiki Kaisha.The transaction will involve the transfer of interest in special-purpose companies overseeing the lease and operation of the vessel, with the Dutch offshore floating production company to retain a 55% ownership interest. Completion is subject to preceding conditions, including approvals.Still under construction, the Chalchi vessel will be subject to 20-year lease-and-operate contracts in Mexico with a local affiliate of Australian petroleum exploration and production company Woodside Energy (WOP.F). The vessel has the capacity to store 950,000 barrels of crude oil.

$SBMO.AS$WOP.F

Equities19d ago

Trump Says He Could Meet Iran's Supreme Leader if Deal Is Reached

President Donald Trump said he would be willing to meet Iranian Supreme Leader Ayatollah Mojtaba Khamenei if a deal is reached to end the US-Iran conflict, CNBC reported Thursday.Trump said he would be "honored" to meet Khamenei and suggested the Iranian leader could act professionally despite the deaths of family members, including former Supreme Leader Ayatollah Ali Khamenei, during the conflict.The comments come as negotiations remain uncertain, with the US seeking assurances that Iran will not develop nuclear weapons and will reopen the Strait of Hormuz, while Iran is demanding an end to hostilities and the US naval blockade.

Equities19d ago

enCore Energy Announces Completion of Construction at the Upper Spring Creek ISR Uranium Project

enCore Energy (EU.V) announced Thursday the completion of the first phase of construction on the Upper Spring Creek In-Situ Recovery (ISR) Uranium Project's Satellite Remote Ion Exchange (IX) Plant.Construction of the first production wellfield, which will feed the IX Plant, is also nearing completion and will begin uranium extraction once final permits are received, said the company.Among the highlights of the first phase of the Upper Spring Creek ISR Satellite IX Plant construction, the company said that currently constructed portion of the satellite can process 1,600 gallons per minute (gpm) through the facility. This represents 50% of the satellite's planned flow capacity, said the company.The plant's flow capacity is in the process of being doubled, said the company, and added that before the end of June, 75% of the flow capacity is expected to be completed, and the plant is expected to be at 100% capacity by the end of July (3,200 gpm total capacity).The new plant will be capable of producing from the first Upper Spring Creek Project area once connected to the wellfields currently under construction, said the company.Drilling activities for the first 800-gpm module are complete, and wellfield infrastructure for this entire module is nearly completed, stated the company, and added that drilling and infrastructure activities for three other 800 gpm modules are "well underway". Module 2 drilling activities are about 90% complete, it added."This milestone reflects the dedication and teamwork of everyone involved," said William Sheriff, Executive Chairman. "The Upper Spring Creek Project strengthens the Company's operational capabilities by providing uranium-loaded resin feed for our fully licensed Rosita Central Processing Plant ("CPP"). We look forward to continuing this momentum as we move into the operational phase, which is planned in late 2026 once final permits are received."

$EU.V

Equities19d ago

AlphaMena Lowers Petro Rabigh PT, Keeps at Reduce

AlphaMena on Thursday lowered its price target for Rabigh Refining and Petrochemical (SASE:2380), d/b/a Petro Rabigh, to 15.70 Saudi riyals from 16.30 riyals, while maintaining a reduce rating.(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)

SASE:2380

Equities19d ago

Geodrill Renewing NCIB

Geodrill (GEO.TO), a West African based drilling company, announced Thursday that the Toronto Stock Exchange has accepted its notice of intention to renew its normal course issuer bid to purchase outstanding ordinary shares of the company on the open market in accordance with the rules of the TSX.Management and the board of directors of Geodrill believes that the underlying value of the company may not be reflected in the market price of the ordinary shares from time to time, a statement said. "Accordingly, the purchase of ordinary shares will increase the proportionate interest in the company of, and be advantageous to, all remaining shareholders of the company," it added.Any such purchases will occur from time to time and in aggregate will be up to 2,375,656 ordinary shares (being approximately 5% of the issued and outstanding ordinary shares of the company) over a 12-month period commencing on June 7, 2026 and terminating on June 6, 2027.Shares in GEO edged down $0.01 to $2.96 on the TSX yesterday.

$GEO.TO

Equities19d ago

Expro Group Advances Plan to Move Domicile to Cayman Islands

Expro Group (XPRO) said Thursday it has filed its definitive proxy statement with the Securities and Exchange Commission regarding its proposed move to redomicile in the Cayman Islands from the Netherlands.Expro said the move would cut annual costs by more than $600,000, improve flexibility for dividends and buybacks, and potentially enhance index eligibility and M&A flexibility.In addition, shareholders would retain the same economic ownership in the company, which would remain listed on the NYSE under the "XPRO" ticker, Expro said.Expro said proxy advisory firm Institutional Shareholder Services has revised its initial position and now recommends shareholders vote in favor of the redomicile proposal.

$XPRO

Equities19d ago

Matador Resources Signs Natural Gas Supply Agreements With Energy Transfer

Matador Resources (MTDR) entered into multiple agreements with affiliates of Energy Transfer, including a natural gas supply agreement, Matador said Thursday.Matador said it signed separate natural gas liquids agreements with different Energy Transfer affiliates to dedicate and sell NGLs from multiple sources in the Delaware Basin to Energy Transfer.The company said the new gas supply agreement is expected to help bridge the period before its transportation agreement on the Hugh Brinson Pipeline becomes effective and allow it to realize higher natural gas prices for a portion of its production during the second half of the year.

$MTDR

Equities19d ago

Akastor's Unit Finalizes Sale of Skandi Emerald Ship

Akastor's (AKAST.OL) DDW Offshore subsidiary completed the sale of its Skandi Emerald anchor handling vessel for $23 million.The Norwegian oil-services investment company agreed to the deal in late April, according to a Thursday release.

$AKAST.OL

Equities19d ago

Awilco LNG Names Interim CEO

Awilco LNG (ALNG.OL) appointed Jens-Julius Ramdahl Nygaard as interim chief executive officer, effective immediately.Nygaard most recently served as managing director of Awilco LNG shareholder Awilco AS, the liquefied natural gas transport company said Thursday.

$ALNG.OL

Equities19d ago

Neste to Develop Renewable Nylon Fiber Supply Chain in Partnership with Goldwin, Others

Finnish oil refiner Neste (NESTE.HE) partnered with Goldwin, Idemitsu Kosan, and Toray Industries to develop a supply chain for renewable nylon fiber.The nylon fiber, produced using Neste's renewable naphtha raw material Neste RE, will be used by Goldwin to develop certain products of The North Face brand in August, according to a Thursday release.Neste said the use of Neste RE can reduce greenhouse gas emissions from the raw material by up to 85%, compared with virgin fossil raw materials.

$NESTE.HE

Equities19d ago

Expro Gets Contract Extension for Subsea Services in Gulf of America

Expro (XPRO) signed a contract extension of up to five years with a global operator to continue subsea completion and intervention services in the Gulf of America, the company said Thursday.Under the new multi-million-dollar deal, the company will provide subsea landing string services, reinforcing a partnership that has spanned more than two decades, Expro said.The company's shares were up 1% in Thursday's premarket activity.

$XPRO

Equities19d ago

Angus Energy Expects to Complete Restructuring in Coming Weeks

Angus Energy (ANGS.L) expects its restructuring process to be completed in the coming weeks despite slower-than-expected progress.The restructuring is expected to boost the oil and gas company's balance sheet and liquidity, according to a Thursday filing.The company's shares remain suspended from trading on London's alternative investment market, with trading expected to resume after the restructuring is completed.

$ANGS.L

Equities20d ago

UK's Afentra Raises $40 Million via Oversubscribed Share Issue

Afentra (AET.L) raised $40 million through an oversubscribed firm and conditional placing of 44,315,240 new ordinary shares at 0.67 pound sterling apiece.The British upstream oil and gas company issued 22,615,600 firm placing shares to raise $20.4 million and 21,699,640 conditional placing shares to raise $19.6 million, according to a Thursday filing. The shares are expected to commence trading on the London stock exchange on June 9 and June 26, respectively.Separately, Afentra plans to launch a retail offer of 2,985,074 shares to raise up to 2 million pounds. The retail offer shares are scheduled to begin trading on the London bourse on June 26.Stifel Nicolaus Europe acted as bookrunner in the placing.

$AET.L

Equities20d ago

Borouge Names New Finance Chief, COO

Borouge (ADX:BOROUGE) appointed Siegfried Wengler as its new chief financial officer to succeed Jan-Martin Nufer, effective July 1.The petrochemicals company also appointed Salem Al Busaeedi as its chief operating officer with immediate effect, according to a Wednesday release.

ADX:BOROUGE

Equities20d ago

Market Chatter: Trump to Direct $500M to Coal Plants, Export Terminal Under Defense Production Act

President Donald Trump is set to announce $500 million in federal funding to support domestic coal-fired power plants and a coal export terminal, invoking the 1950 Defense Production Act, Bloomberg reported Wednesday, citing a White House official.The plan includes $425 million for 13 existing coal plants and separate Energy Department grants for two new plants in Alaska and West Virginia, Bloomberg said.An additional $75 million would support the proposed West Gateway export terminal in Oakland, California, which could ship up to 12 million tons of coal annually, the report said.Beneficiaries include Duke Energy (DUK), Hallador Energy (HNRG), Oklahoma Gas & Electric, and a subsidiary of American Electric Power (AEP), according to the report.(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.)

$DUK

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Equities19d ago

enCore Energy Announces Completion of Construction at the Upper Spring Creek ISR Uranium Project

$EU.V