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US Total Weekly EIA Crude Oil Stocks Fall by 12.4 Million Barrels After Prior 17.8 Million Decrease

US Natural Gas Stocks Rose by 92 Bln Cubic Feet in Week Ended May 22 Vs. Expected 95 Bln Increase; Prior Gain of 101 Bln

Cheniere Energy Partners Unit Signs EPC Contract With Bechtel for Sabine Pass Expansion

Cheniere Energy Partners (CQP) said Thursday its Sabine Pass Liquefaction Stage V subsidiary signed an engineering, procurement and construction contract with Bechtel Energy for the first phase of the Sabine Pass expansion project.The company said the first phase includes construction of Train 7, a boil-off gas re-liquefaction unit and related infrastructure at the Sabine Pass liquefied natural gas terminal.The phase is expected to produce more than 6 million tonnes per annum of LNG, including debottlenecking capacity, Cheniere said.Cheniere said it expects to make a final investment decision on phase 1 by early 2027.

$CQP

Equities27d ago

Peabody Energy Proposes $225 Million Convertible Notes Offering

Peabody Energy (BTU) said Thursday that it plans to offer $225 million of convertible senior notes due 2031 in a private offering to qualified institutional buyers.The company said it will offer initial purchasers an option to buy up to an additional $25 million of the notes.Peabody said the terms, including the interest rate and initial conversion rate, will be determined when the offering is priced.The company said it intends to use net proceeds from the offering to fund capped call transactions and buy back a portion of its outstanding 3.250% convertible senior notes due 2028.Shares of the company were up more than 4% in premarket activity Thursday.

$BTU

Equities27d ago

Market Chatter: BP Said to Take Control of Azerbaijan's Babek Natural Gas Field

BP (BP.L) will take over as operator of Azerbaijan's offshore Babek natural gas field, which is currently part of a unit led by state energy company SOCAR, Reuters reported Thursday, citing industry sources.The British oil giant and SOCAR are expected to announce their agreement on the Babek field, which will become a separate project operated by BP, on June 1, the sources added.The Babek field holds an estimated 400 billion cubic meters of gas and 80 million tonnes of condensate, according to the report.BP did not immediately respond to a request 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.)

$BP.L

Equities27d ago

Ithaca Unit Prices EUR155 Million Additional Senior Notes Offering

Ithaca Energy (ITH.L) said Thursday its Ithaca Energy (North Sea) subsidiary priced its offering of 155 million euros of additional 5.5% senior notes due 2031 through a private placement.The North Sea-focused exploration and production company said the new notes will have the same terms as its existing 450 million-euro senior notes also due in 2031.

$ITH.L

Equities27d ago

EQT to Bring Google Cloud's Agentic AI Platform to Portfolio Companies

EQT (EQT) has entered into a new partnership with Alphabet's (GOOG, GOOGL) Google Cloud to deploy artificial intelligence tools across its more than 300 portfolio companies worldwide, the companies said Thursday.The collaboration provides EQT's portfolio companies with access to Google Cloud's AI stack, including Gemini, cybersecurity tools and sovereign cloud services, along with support from Google engineers and partners to scale AI deployment, according to a statement.The partnership also aims to boost commercialization for EQT-backed software firms through Google Cloud Marketplace and co-sell programs, supporting broader enterprise adoption of agentic AI, the companies added.

$EQT$GOOG$GOOGL

Equities27d ago

Market Chatter: BP Set to Become Operator of Babek Gas Field in Azerbaijan

BP (BP) will become operator of Azerbaijan's offshore Babek natural gas field under an agreement expected to be announced with state energy company SOCAR on June 1, Reuters reported Thursday, citing three unnamed sources.The Babek field is estimated to contain around 400 billion cubic meters of natural gas and 80 million tonnes of condensate, according to the report.The project is currently part of a SOCAR-led unit but will become a separate development operated by BP, Reuters reported.BP did not immediately respond to' request for comment.(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.)

$BP

Equities27d ago

ShaMaran Petroleum Completes Primary Listing Change to Oslo

ShaMaran Petroleum (SNM.ST) completed its corporate continuance, changing its primary listing to Bermuda from Canada, according to a Thursday release.The oil and gas company's shares have been delisted from the TSX Venture Exchange in Toronto, and are expected to start trading on the Euronext Growth Oslo under the ticker SNM, starting June 5.The company plans a retail share offering of 1 million euros, equivalent to Norwegian kroner, to satisfy the listing criteria.

$SNM.ST

Equities27d ago

BP's Former Chairman Albert Manifold Denies Allegations Surrounding Ouster

BP's (BP) former chairman, Albert Manifold, has rejected allegations leveled against him during his tenure at the oil and exploration giant, CNBC reported Thursday.BP's board on Tuesday announced the removal of Manifold due to "serious concerns" about governance standards, oversight, and conduct.In a response issued on Thursday, Manifold said that while he does accept the board's decision to remove him as chairman, he did not accept "that lies can be told about me, nor that anyone should be allowed to hide behind anonymity when commenting on my time at bp," the news report said."We note the comments of our former chair. We stand by the statement we have made. We have a duty of care to all our employees, particularly those impacted by his behavior," a BP spokesperson said in an e-mailed comment.

$BP

Equities27d ago

TotalEnergies, Stellantis Renew, Expand Engine Oil Partnership

TotalEnergies (TTE) and Stellantis (STLA) have renewed and expanded their partnership in Europe to develop and deliver engine oils and lubricants, the companies said Thursday.Financial details of the renewal and expansion were not disclosed.The new agreement, originally renewed in 2021 for the Peugeot, Citroen Opel, DS Automobiles, and Vauxhall brands, now also includes additional Stellantis brands: Fiat, Jeep, Lancia, Alfa Romeo, and Abarth, the companies said.The partnership encompasses research & development, motorsports collaboration, after-sales services, and environmental sustainability, the companies said.

$TTE

Equities27d ago

Pulsar Helium Says Minnesota Regulation to Limit Helium-Focused Gas Wells

Pulsar Helium (PLSR.L) said Thursday Minnesota Governor Tim Walz signed new legislation updating the state permitting processes for gas extraction projects in Minnesota, US.The primary helium company noted that the new laws limit helium-focused gas well activity to Cook, Lake, and St. Louis counties; prohibit oil wells, hydraulic fracturing in gas wells, and allow the sale of carbon dioxide produced during helium production.

$PLSR.L

Equities27d ago

Chevron Seeks Approval to Acquire 70% Stake in Offshore Greek Concession From Helleniq

Chevron (CVX) and Helleniq Energy have formally requested approval for Chevron's acquisition of a 70% stake in the Area 10 concession offshore the Kyparissia Gulf, according to a Thursday statement from Greece's energy ministry translated by Google.No financial terms were disclosed.The ministry said the companies also applied to transfer the operator role to Chevron, which will serve as trustee of the concession, while Helleniq will retain a 30% stake.

$CVX

Equities27d ago

Former BP Chair Rejects Misconduct Allegations Leading to Dismissal

Former BP (BP.L) Chair Albert Manifold said the governance, oversight, and behavior issues cited by the British oil giant for his termination on Tuesday were lies, adding that he disputes the characterization of his conduct.In a statement distributed by a public relations group on Thursday, Manifold said that "at no point in my tenure as chairman of BP has anyone raised with me any issue about my conduct or my relationship with my colleagues," according to a same-day report by Bloomberg News.Manifold, who admitted that his "determination to drive change" may have led him to push hard and challenge people, said "there is a considerable distance between driving an organisation with urgency and the characterisation of my conduct that is now being put about."In a statement sent to, a BP spokesperson noted Manifold's comments, adding that "We stand by the statement we have made." The company also noted its duty of care to the employees affected by his behavior.

$BP.L

Equities27d ago

Petro Matad Says 2026 Oil Sales Deal with PetroChina Set for Approval

Petro Matad (MATD.L) said Thursday the approval process for its 2026 Oil Sales Agreement with PetroChina related to Block XX crude in Mongolia will be completed shortly.The London-listed oil company noted that it reached an understanding with the Mineral Resources and Petroleum Authority of Mongolia, PetroChina, and the General Tax Authority to align the deal with petroleum and tax laws.The Block XX's crude production this year, 35,000 barrels, is stored pending approval, and the sale agreement will allow the company to benefit from higher oil prices.

$MATD.L

Equities27d ago

Sintana Energy Completes $11.5 Million Fundraise in UK, Canada

Sintana Energy (SEI.L) concluded an $11.5 million placing and subscription of shares following their admission to trading, the final condition of the fundraise.The UK-listed oil and gas company issued a total of 38,001,253 new shares at 0.225 pound sterling each on London's AIM and for CA$0.41 apiece on Canada's TSX Venture Exchange, according to a Thursday release.

$SEI.L

Equities27d ago

TotalEnergies Unit Seeks Approval for Offshore Windfarm Project in France

TotalEnergies' (TTE) Centre Manche Energies subsidiary has applied for regulatory authorization for a 1.5-gigawatt offshore windfarm project in Normandy, France, the energy company said Thursday.The 4.5 billion-euro ($5.23 billion) investment is expected to create up to 2,500 jobs during the three-year construction phase, TotalEnergies said.

$TTE

Equities27d ago

TotalEnergies Seeks Authorization for EUR4.5 Billion French Wind Project

TotalEnergies (TTE.PA, TTE.L) is seeking authorization for its planned 1.5-gigawatt offshore wind farm off the coast of Normandy, France.The energy giant's project company, Centre Manche Energies, officially submitted an application for the project's single authorization, according to a Thursday filing. The project is expected to be completed in three years with an estimated cost of 4.5 billion euros.

$TTE.L$TTE.PA

Equities27d ago

Borregaard Wraps Up Share Buyback Program

Borregaard (BRG.OL) concluded the repurchase of up to 300,000 shares through a share buyback program set to run from May 11 to June 18.The biorefinery operator bought back the shares at a weighted average price of 145.9759 Norwegian kroner apiece for a total consideration of 43.8 million kroner, according to a Thursday release.

$BRG.OL

Equities27d ago

Borr Drilling Units Prices $2 Billion Senior Notes Offering

Borr Drilling (BORR.OL) units Borr IHC and Borr Finance priced an offering of senior secured notes worth $2.04 billion, according to a Thursday release.The offering comprises $1.10 billion of 8.750% senior secured notes due 2032 and an $935 million of 9% of senior secured notes due 2034, which were upsized by $435 million. Settlement is expected by June 10, 2026, subject to customary closing conditions.The drilling contractor added that proceeds from the offering will be used to redeem or refinance $1.13 billion of outstanding 10% senior secured notes due 2028, $770.7 million of outstanding 10.375% senior secured notes due 2030, for general corporate purposes, and to cover the fees and expenses of the offering.

$BORR.OL

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