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Pulsar Helium Raises Funds via Warrants Exercise

Pulsar Helium (PLSR.L) raised 330,469 pounds sterling through the exercise of warrants issued in October 2024.The helium exploration company exercised 1,321,875 warrants for 0.25 pound apiece to issue the same number of common shares, according to a Tuesday release. The new shares are expected to start trading on Friday.

$PLSR.L

Equities22d ago

Serica Energy Unveils New Dividend Policy, Reaffirms FY26 Projections

Serica Energy (SQZ.L) on Tuesday unveiled a new dividend policy to target dividends of 15% to 30% of its post-tax cash flow from operations for 2026 and onward.The oil and gas company also maintained its outlook for 2026, including a production forecast of "significantly over" 40,000 barrels of oil equivalent per day.Serica still expects to shift to the London stock exchange's main market from the AIM segment in the third quarter.

$SQZ.L

Equities22d ago

Berenberg Ups Estimates, Price Target for Siemens Energy on Electricity Demand Boost

Berenberg raised its estimates and price target for Siemens Energy (ENR.F), noting the revamp of ageing grid infrastructure and the broader push for electrification as key drivers for the German energy technology company."We increase our estimates slightly for organic revenue growth within the Grid Technologies segment. We now forecast revenue of EUR14bn, EUR16.9bn and EUR20bn for 2026, 2027 and 2028 respectively. This moves our estimates a low-single-digit percentage above consensus for these years," analysts said in a Monday note focused on the electrical sector. "We also forecast above-guidance profit margins of c20-21% for the 2026-28 period. This is driven, in our view, by the expected strength in orders translating through to greater top-line volumes and from pricing benefits supporting profit margins. We make minor changes to our estimates across the rest of the business."As such, Berenberg's sales, EPS and EBITA estimates for the group were increased over 2026 to 2028.The price target increased to 205 euros from 200 euros, with an unchanged buy rating.

$ENR.F

Equities22d ago

SBM Offshore, Solstad Offshore to Order New Installation Vessel via JV

SBM Offshore's (SBMO.AS) joint venture with Solstad Offshore (SOFF.OL) entered into a letter of intent for the potential acquisition of a new deepwater installation and construction vessel.The vessel will be acquired from an unnamed shipyard, according to a Monday release. Based on the ownership structure of the joint venture, Dutch offshore floating production company SBM will own 49.9% of the new vessel, while Norwegian offshore shipping company Solstad will own the remaining 50.1% interest.The target delivery date for the new vessel is the first half of 2029. SBM said the vessel may be chartered to third parties when not in use for its installation projects.

$SBMO.AS$SOFF.OL

Equities22d ago

UK Regulator Finds No Evidence of Fuel Price Manipulation But Flags Weak Competition

Britain's Competition and Markets Authority has found no evidence that retailers alerted fuel pricing strategies to exploit the Middle East crisis, but warned that lower competition in the sector continues to leave drivers paying more, Reuters reported Monday.The CMA said elevated wholesale prices linked to the US-Israel war in Iran, which began in February, explain most of the rise in pump prices through March and into April. The regulator said it would closely monitor whether any improvement in supply conditions is passed on to consumers."While our analysis shows the rise in wholesale prices is the main reason for higher fuel prices, we remain concerned about weak competition in the sector leaving drivers paying more," CMA chief Sarah Cardell said.

Equities22d ago

EU May Keep Russian Oil Price Cap Unchanged to Pressure Moscow

The European Commission may propose keeping the G7 price cap on Russian crude oil unchanged at about $44 per barrel during its July review, as it seeks to limit Moscow's oil revenues despite a recent surge in global energy prices, Reuters reported Monday, citing EU diplomats.The proposal is being discussed as part of the European Union's forthcoming 21st sanctions package against Russia over its war in Ukraine.Western governments introduced the cap in late 2022 to reduce Russia's energy income while avoiding disruptions to global oil markets.Under the system, countries can purchase Russian oil using Western shipping and insurance services only if the crude is sold below the price cap.Reuters reported that the Commission is also considering a proposal to prevent any future price review from raising the cap above $60 per barrel, even if global oil prices remain elevated.

Equities22d ago

Market Chatter: EU Weighs Energy Spending Flexibility for Member States Amid Iran War Cost Pressures

The European Commission is considering a plan to allow member states to spend around 0.3% of GDP on energy-related costs outside the EU's fiscal framework, Bloomberg reported, citing people familiar with the discussions.The measure would function as an escape clause similar to the defense carve-out previously granted to member states, with Italy among the strongest advocates for greater fiscal flexibility as it grapples with high energy costs stemming from the Iran War, the report said.Details remain fluid and a final decision has not yet been taken, the report added.(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.)

Equities22d ago

Canada Trade Minister Heads to Washington for USMCA Energy Talks With US Trade Representative

Canada-US Trade Minister Dominic LeBlanc and chief US negotiator Janice Charette are heading to Washington Tuesday to meet US Trade Representative Jamieson Greer, with LeBlanc stressing the importance of maintaining the "highly integrated North American energy market," Bloomberg reported Monday.The visit comes ahead of a Monday deadline for Greer to notify Congress of US intentions for the USMCA review, one month before the July 1 review date.No date has been set for Canada's bilateral trade talks with Washington, even as US and Mexican negotiators began formal discussions last week.Ahead of the Washington trip, LeBlanc and Energy Minister Tim Hodgson met with Canadian oil and gas sector leaders on Monday, focusing on preserving cross-border energy ties that support jobs and energy security on both sides of the border, the report said.About 90% of Canada's crude exports went to the US last year.

Equities22d ago

Venture Global Prices $2.25 Billion in Senior Secured Notes to Refinance Existing 2028 Debt

Venture Global (VG) has priced $2.25 billion in senior secured notes through its subsidiary Venture Global LNG, split between $1.125 billion of 6.375% notes due 2034 and $1.125 billion of 6.625% notes due 2036, in a private offering to qualified institutional buyers, the company said Monday.The company plans to use the proceeds to redeem all outstanding 8.125% senior secured notes due 2028, with cash on hand covering the redemption premium and related fees. The offering is expected to close on June 11.

$VG

Equities22d ago

Hallador Energy to Acquire Siemens Gas Turbines for $350 Million to Advance Merom Project

Hallador Energy (HNRG) agreed to acquire about 460 megawatts of Siemens gas turbines, generators and related equipment from Energy World for $350 million, supporting development of its proposed Merom natural gas-fired combustion turbine project, the company said late Monday.Hallador also estimates transportation, refurbishment, insurance and logistics costs of about $100 million for the delivery of the equipment.The equipment acquisition secures critical long-lead assets in a constrained turbine market and could allow the Merom project to begin generating revenue between late 2028 and mid-2029, the company said.Hallador said it will make a final investment decision after completion of the MISO Expedited Resource Addition Study, expected in September.

$HNRG

Equities22d ago

Epsilon Energy Keeps Quarterly Dividend at $0.0625 per Share, Payable June 30 to Shareholders of Record June 15

$EPSN

Equities22d ago

Georgina Energy Raises GBP1 Million via Share Placing

Georgina Energy (GEX.L) raised 1 million pounds sterling through a share placing to fund its work programs and for general working capital needs.The helium, hydrogen, and natural resources developer issued 20 million ordinary shares at 0.05 pound apiece, according to a Monday release.The shares will start trading on the London stock exchange's main market on Friday.

$GEX.L

Equities22d ago

BP, Partners Start Commercial Gas Production at Azeri-Chirag-Gunashli Field

BP (BP.L) on Monday reported the start of non‑associated gas production operations at the Azeri-Chirag-Gunashli field in the Azerbaijan sector of the Caspian Sea.The development marks the first commercial gas production operations in the field's nearly three-decade history. The start of operations will be focused on well and reservoir testing activities in the Qirmaki Lower Sand reservoir.The British energy major operates the field, with a 30.37% interest. The remaining stakes are held by State Oil Co. of Azerbaijan, or Socar, MOL, Inpex, ExxonMobil (XONA.F), TPAO, and ONGC Videsh.

$BP.L

Equities22d ago

Frontera Energy Completes Divestment of Its Colombian E&P Assets Portfolio To Parex; Announcing Return of Capital Distribution To Shareholders

$FRC.TO$PXT.TO

Equities22d ago

Update: BP to Sell 5% Stake in Australia's Browse Project

(Updates to add information)BP (BP.L) is reducing its interest in the Browse natural gas project in Australia to 39.33%, according to a Monday emailed statement.The British oil and gas company agreed to divest a 5% working interest in the project to South Korean energy services provider GS Energy. The development is Australia's biggest undeveloped offshore gas resource."bp and its partners continue to see long-term value in the project, including its role in supporting energy security in Australia and the region," the company said.The transaction is subject to regulatory and joint venture approvals.

$BP.L

Equities22d ago

Halliburton Expands Digital Capabilities With Acquisition of InformatiQ

Halliburton (HAL) said Monday that it has acquired Norway-based InformatiQ AS, turning a long-standing collaboration into full ownership to expand its cloud-native digital capabilities across subsurface, drilling, well, and logistics workflows.InformatiQ's SaaS platform, including its geologiQ digital twin and tools, and SAP-integrated logistics will enhance Landmark's asset management offering and broaden its software suite, Halliburton said.Financial terms were not provided.

$HAL

Equities22d ago

AlphaValue/Baader Europe Upgrades Shell to Buy Rating, Trims PT

AlphaValue/Baader Europe on Monday raised energy giant Shell (SHEL.L, SHELL.AS) to buy from add and lowered its price target to 42.20 pounds sterling from 42.46 pounds.(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)

$SHEL.L$SHELL.AS

Equities23d ago

Venture Global Unit Plans $2.25 Billion Debt Offering

Venture Global (VG) said Monday its subsidiary Venture Global LNG plans to issue $2.25 billion of senior secured notes due 2034 and 2036 in a private offering.The company said the proceeds will be used to fully redeem the issuer's 8.125% senior secured notes due 2028 and cover associated fees and premiums, using cash on hand as needed.

$VG

Equities23d ago

United Securities Tweaks Adnoc Logistics & Services Rating on Q1 Earnings, Updated Guidance

United Securities LLC revised its rating for Adnoc Logistics & Services (ADX:ADNOCLS) as it took note of the energy maritime logistics company's first-quarter results and upgraded full-year guidance."Based on the current results and guidance, we retain our 2026e revenue forecast of USD 4.7bn and raise our net profit to USD 996mn from USD 745mn. While revenue was broadly in line with expectations, profitability and margins exceeded forecasts. Despite the earnings outperformance, growth risks remain elevated amid ongoing geopolitical escalation. Accordingly, we retain our target price of AED 6.30, implying a limited 5.2% upside from current levels, and revise our rating on the stock to HOLD from BUY," the research firm said Sunday.For the March quarter, the energy maritime logistics company's revenue of $1.08 billion was in line with the research firm's estimate, while its $222 million profit significantly surpassed United Securities' $134 million forecast. For the full year, Adnoc Logistics now expects a low-to-mid single-digit decline in revenue, along with a mid-to-high-teens growth in net profit, compared with the prior projections of a mid-single-digit decrease in revenue and a low-to-mid single-digit net profit growth.

ADX:ADNOCLS

Equities23d ago

Hyperscale Data Unit Selects Wyoming Reserve to Store Growing Precious Metals Holdings

Hyperscale Data (GPUS) said Monday that its subsidiary Ault Global Commodities selected The Wyoming Reserve to provide secure storage and vaulting services for its physical precious metals holdings.The company said the partnership will support AGC's treasury strategy, which currently includes 10,000 ounces of 0.999 fine silver acquired through a partnership with Scottsdale Mint.According to the company, the metals will be stored in The Wyoming Reserve's Class 3 vault facility in Casper, Wyoming, featuring segregated custody, dedicated storage and around-the-clock monitoring.

$GPUS

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