Financial News · Live Terminal

Page 17 of 116

Rift Helium Targets First Well Drilling at Tanzania Project in H1 2027

Rift Helium (RIFT.L) is aiming to drill the first well in its two-well exploration drilling campaign at the Upepo project in Tanzania in the first half of 2027.The primary helium supplier said Tuesday that the environmental impact assessment process is now in the final stages, with completion expected in the third quarter of 2026, to be followed by 3D seismic acquisition. An updated independent resource assessment is anticipated in the first quarter of 2027.

$RIFT.L

Equities11d ago

TotalEnergies, Eni Approve Cyprus Gas Project to Supply LNG to Europe

TotalEnergies (TTE) said Tuesday that it and partner Eni (E) reached a final investment decision to develop the Cronos gas field offshore Cyprus, marking the country's first gas development project.The companies, each holding a 50% stake in Block 6, expect production to begin in 2028, with gas transported to Egypt for liquefaction and export to Europe. Output is expected to reach about 500 million cubic feet of gas per day, equivalent to 2.8 million metric tons of LNG annually.TotalEnergies said it will market 50% of the LNG production, or about 1.4 million metric tons per year.

$E$TTE

Equities11d ago

Eni, TotalEnergies Finalize Investment Decision for Cronos Gas Field Offshore Cyprus

Italian energy group Eni (ENI.MI) and France's TotalEnergies (TTE.PA, TTE.L) made a final investment decision to develop the Cronos gas field offshore Cyprus, according to Tuesday releases.The companies plan to develop the field through four subsea wells, with first gas targeted for 2028. Production is expected to plateau at 500 million cubic feet per day.The gas will be transported by subsea pipeline to Egypt for processing at the Zohr facilities before being liquefied at the Damietta liquefied natural gas plant for export to international markets, primarily Europe.

$ENI.MI$TTE.L$TTE.PA

Equities11d ago

Air Liquide Logs Higher H1 Net Profit, Revenue

Air Liquide (AI.PA) said Tuesday its net profit and revenue for the first half grew year over year.Net profit, group share for the six months ended June 30 was 1.82 billion euros, compared with 1.80 billion euros earlier. Basic EPS moved to 2.86 euros from 2.83 euros.The French industrial gases company's revenue was 13.83 billion euros, compared with 13.72 billion euros a year ago.Looking ahead, Air Liquide expects second-half growth to be in line with, or slightly higher than, the first half. For the full year, the group forecasts recurring net profit to increase at constant exchange rates.

$AI.PA

Equities11d ago

TGS Bags 100-day Ocean Bottom Nodes Contract

TGS (TGS.OL) said Tuesday it secured an ocean bottom node contract from an unnamed existing customer for work in the Africa, Mediterranean, and Middle East region.The energy sector data and intelligence provider will mobilize a deep-water crew in the fourth quarter, and the project is expected to take 100 days to complete.

$TGS.OL

Equities11d ago

Dana Gas to Slowly Ramp Up Production at Iraqi Facility

Dana Gas (ADX:DANA) will gradually raise output from the Khor Mor gas facility in Iraq's Kurdistan region for local electricity generation.The Abu Dhabi-listed company made the decision after assessing the situation and receiving assurances from local authorities and the Government of Iraq, according to a Monday release.

ADX:DANA

Equities11d ago

Talos Energy Enters Offshore Mexico Farm-In Deal

Talos Energy (TALO) said late Monday it entered an agreement to farm into the Block 29 development in the southern Gulf of Mexico operated by Repsol through the acquisition of a 50% working interest.The company will acquire the stake for a contingent $30 million payment at final investment decision, a cash carry of up to $20 million on the next exploration well, and reimbursement of some pre-closing costs.The stake acquisition expands the company's resource base, strategic infrastructure, and establishes a platform for future exploration, according to a statement.The company expects to advance the project toward FID in 2027, and the deal is subject to regulatory approvals from Mexico, according to the company.

$TALO

Equities11d ago

Hess Midstream Raises Quarterly Distribution to $0.7888 per Class A Share, Payable Aug. 14 to Shareholders of Record Aug. 6

$HESM

Equities11d ago

Energy Transfer Raises Quarterly Cash Distribution by $0.0025 to $0.34 a Share, Payable Aug. 19 to Holders of Record Aug. 7

$ET

Equities11d ago

Ranger Energy Services Q2 Earnings Fall, Revenue Rises

Ranger Energy Services (RNGR) reported fiscal Q2 net income Monday of $0.29 per diluted share, down from $0.32 a year earlier.Three analysts polled by FactSet expected $0.30.Revenue for the quarter ended June 30 was $176.5 million, up from $140.6 million a year earlier.Three analysts expected $163.9 million.Shares rose around 3.6% in after-hours trading.

$RNGR

Equities11d ago

Trump Says US Ready for 'Strong Military Action' If Iran Talks Fail, Axios Reports

Equities11d ago

Market Chatter: Fire Seen at Saudi Aramco's Jazan Refinery After Yemen's Houthi Claims Attack

Satellite images showed a fire at a tank within Saudi Arabian Oil Co.'s (SASE:2222), d/b/a Saudi Aramco's, Jazan oil refinery, Bloomberg News reported Monday.The incident follows claims from Yemen's Houthi militant group that it attacked the facility over the weekend. However, it was not clear whether the incident impacted the site's operations, according to the report.Saudi Arabia's Ministry of Energy and state-run oil giant Aramco did not immediately respond to requests for comment from.(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.)

SASE:2222

Equities11d ago

UBS Adjusts Price Target on Phillips 66 to $235 From $212, Maintains Buy Rating

Phillips 66 (PSX) has an average rating of overweight and mean price target of $206.72, 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://finwires.com/en/contact)Price: $206.74, Change: $-0.03, Percent Change: -0.02%

$PSX

Equities11d ago

UBS Cuts Matador Resources Price Target to $54 From $56, Maintains Neutral Rating

Matador Resources (MTDR) has an average rating of buy and mean price target of $70.38, according to analysts polled by FactSet.Price: $50.06, Change: $-0.76, Percent Change: -1.49%

$MTDR

Equities12d ago

Alpha Metallurgical Resources Reports Preliminary Q2 Loss

Alpha Metallurgical Resources (AMR) reported a preliminary Q2 loss Monday of $0.96 per diluted share.Analysts polled by FactSet expect earnings of $0.08.Preliminary coal revenue for the quarter ended June 30 was $491.5 million.Analysts expect $599 million.Shares of the company were down 5.2% in recent premarket trading.

$AMR

Equities12d ago

RBC Raises Price Target on Ovintiv to $85 From $70, Keeps Outperform Rating

Ovintiv (OVV) has an average rating of buy and mean price target of $72.12, 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://finwires.com/en/contact)

$OVV

Equities12d ago

Morgan Stanley Affirms Ades Holding at Overweight, Lifts PT

Morgan Stanley on Sunday increased the price target for drilling services company Ades Holding (SASE:2382) to 25 Saudi riyals from 24.50 riyals, while maintaining its overweight 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://finwires.com/en/contact)

SASE:2382

Equities12d ago

GUIDANCE: (AMR) Alpha Metallurgical Resources Expects Q2 Net Loss $0.96 a Share, vs. FactSet Est of $0.08 EPS

$AMR

Equities12d ago

Union Jack Oil Urges Investors to Reject Board Overhaul Bid Proposals at Requisitioned General Meeting

Union Jack Oil (UJO.L) urged shareholders to vote against resolutions to replace its board, saying the requisition was "misguided" and "ill-timed" as it was submitted just six days after Reabold Resources (RBD.L) announced its all-share takeover offer for the company.The oil and gas company said Monday its shareholders holding 20.7 million shares, or 14.09% of its total voting rights, requisitioned a general meeting on Aug. 24 to consider resolutions to overhaul the board.The board said the requisitioners are "simply being opportunistic" by attempting to replace the board during the offer process.Union Jack Oil also plans to reconvene its adjourned annual general meeting on Aug. 24.

$RBD.L$UJO.L

Equities12d ago

Top Premarket Decliners

STAK (STAK) shares were down 55% in Monday premarket trading after the earlier session's 602% rally.MapLight Therapeutics (MPLT) stock was down 55% after the company said a phase 2 trial of ML-007C-MA in schizophrenia met its primary endpoint, demonstrating a significant reduction in severity of the condition versus placebo.Profusa (PFSA) shares were down 18% after the company signed a non-binding term sheet to acquire a privately held commercial-stage diagnostics and toxicology testing company.Recon Technology (RCON) stock was down 15%, following the earlier session's 11.6% gain.

$MPLT$PFSA$RCON$STAK

Showing 321-340 of 2310