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Citigroup Adjusts Valero Energy Price Target to $246 From $212, Maintains Neutral Rating

Valero Energy (VLO) has an average rating of overweight and mean price target of $253.59, 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://www..com/contact-us)

$VLO

Equities24d ago

Update: Market Chatter: BP to Streamline Structure With Two Core Units

(Updates to add statement from BP)BP (BP.L) Chief Executive Officer Meg O'Neill is planning to restructure the oil and gas giant into two business units, London's Financial Times reported Tuesday.O'Neill said one of the units will focus on oil and gas production, while the other will oversee refining, distribution, and retail, to boost efficiency, the report said. However, she did not declare a timeline for the proposed changes."In service of becoming a simpler, stronger, more valuable bp, we intend to build an organisation with a clear upstream and downstream," a spokesperson for BP said in response 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

Equities24d ago

Deutsche Bank Adjusts Teck Resources Price Target to $62 From $60, Maintains Buy Rating

$TECK

Equities24d ago

Goldman Sachs Adjusts Price Target on EQT to $65 From $68, Maintains Buy Rating

EQT (EQT) has an average rating of overweight and mean price target of $69.31, 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://www..com/contact-us)

$EQT

Equities24d ago

Goldman Sachs Adjusts Price Target on Expand Energy to $115 From $122, Maintains Buy Rating

Expand Energy (EXE) has an average rating of buy and mean price target of $135.14, 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://www..com/contact-us)

$EXE

Equities24d ago

Vår Energi, Equinor Submit Amended Plan for Development, Operation for Goliat Gas Export Project

Oil and gas group Vår Energi (VAR.OL) and peer Equinor (EQNR.OL) filed with Norway's Ministry of Petroleum and Energy an amended plan for development and operation for the Goliat gas export project, according to a Wednesday release.The project, which is set to add 10 years to the operational life of the Barents Sea's Goliat field to 2050, will tap into gas reserves currently being re-injected into the Goliat field reservoir. The gas will be exported to the Hammerfest LNG plant under a gas bank arrangement with Snøhvit, while incremental oil produced will be sold.The Goliat project aims to develop proved plus probable reserves of 112 million barrels of oil equivalent, and will start operations in the third quarter of 2029.Vår Energi holds operatorship and a 65% interest in the Goliat license, while Equinor owns the remaining 35%.

$EQNR.OL$VAR.OL

Equities24d ago

Market Chatter: BP to Streamline Structure With Two Core Units

BP's (BP.L) Chief Executive Officer Meg O'Neill is planning to restructure the oil and gas giant into two business units, London's Financial Times reported Tuesday.O'Neill said one of the units will focus on oil and gas production, while the other will oversee refining, distribution, and retail, to boost efficiency, the report said. However, she did not declare a timeline for the proposed changes.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

Equities24d ago

Borr Drilling Prices Oversubscribed Offering of $260 Million Convertible Senior Notes

Borr Drilling (BORR.OL) priced a $260 million offering of 3.50% convertible senior notes due May 1, 2033, according to a Wednesday statement.The drilling contractor plans to use the proceeds to repurchase $195.2 million of its 2028 convertible bonds for $224.5 million, including accrued interest. Remaining proceeds will be used for general corporate expenditures.The drilling contractor also granted an overallotment option for up to $40 million. Completion of the offering is expected by Friday, subject to closing conditions.

$BORR.OL

Equities24d ago

Hunting PLC Q1 Order Book Falls

Hunting PLC (HTG.L) said Wednesday its sales order book for the first quarter declined year over year.The precision engineering company's sales order book for the three months ended March 31 was $365.3 million, compared with $439.3 million a year earlier.Meanwhile, the company expects "minimal" impact on its current year profitability from the Middle East conflict.

$HTG.L

Equities24d ago

Tasnee Flags Maintenance Delay at JV Plant Amid Global Supply Chain Disruptions

National Industrialization Co. (SASE:2060), d/b/a Tasnee, said Wednesday the scheduled maintenance at its ethylene and polyethylene plant was delayed due to global supply chain disruptions.The Saudi Arabia-listed petrochemical company will announce a revised start date in due course, adding that the financial impact of the shutdown will be reflected in its first and second-quarter earnings.Tasnee owns a 60% stake in the facility, which operates as a joint venture.

$SASE:2060

Equities24d ago

Borr Drilling Plans $250 Million Senior Notes Offering

Borr Drilling (BORR.OL) said Tuesday it plans to offer $250 million of convertible senior notes due 2033 to qualified institutional buyers.The notes, which will pay interest semi-annually, can be converted into common shares or a mix of both stock and cash. Initial buyers will also be granted an overallotment option to buy up to an additional $37.5 million of the notes within 13 days.The drilling contractor will use the proceeds to repurchase existing convertible bonds due 2028, as well as for general corporate purposes.

$BORR.OL

Equities24d ago

OMV Denies Violating Austria's Fuel Price Reduction Measures

Austrian oil and gas company OMV (OMV.VI) denied breaking new fuel price reduction rules in Austria, Reuters reported Tuesday.Under the government's measures, petrol and diesel prices were to be cut by 0.05 euro per liter through a tax reduction. Partially state-owned OMV announced a reduction of 0.028 euro per liter for diesel, the report said.OMV told Reuters it is complying with the rules, noting that its calculation differs when accounting for fuel imported into Austria rather than refined locally.

$OMV.VI

Equities24d ago

Presidio Production Declares Pro Rata Special Cash Dividend of $0.10125 a Share; Payable May 18 to Shareholders of Record May 4

$FTW

Equities24d ago

EQT Keeps Quarterly Dividend at $0.165 per Share, Payable June 1 to Shareholders of Record on May 6

$EQT

Equities24d ago

Dolphin Drilling Signs Letter of Intent for Semi-submersible Rig

Offshore drilling contractor Dolphin Drilling (DDRIL.OL) signed a letter of intent with an undisclosed party for the potential use of its semi-submersible rig Borgland Dolphin.The agreement allows the parties to negotiate a potential $230 million contract, which will begin in the second half of 2027 and includes options to extend for five more years, according to a Tuesday release.The deal will proceed following the receipt of approvals from the parties' management.

$DDRIL.OL

Equities25d ago

Sintana Energy Plans Listing on Namibia Securities Exchange

Sintana Energy (SEI.L) on Tuesday said it initiated talks to trade on the Namibia Securities Exchange to explore options to develop liquidity for local investors.The oil and gas company, which is listed in Canada's TSX-V, the UK's London exchange and the US' OTCQX, tapped IJG Securities as its sponsor and corporate adviser.

$SEI.L

Equities25d ago

Market Chatter: Shell Said to Pick Adnoc as Preferred Bidder for South African Retail Fuel Stations

Shell (SHEL.L, SHELL.AS) is tipped to have named Abu Dhabi National Oil Co., or Adnoc, as the preferred bidder for its South African retail fuel stations in a deal potentially worth $1 billion, Bloomberg News wrote.People with knowledge of the matter said, according to the Tuesday report, that the deal, which is expected to be reached as early as this quarter, follows failed talks between energy giant Shell and commodities trading group Gunvor Group.Shell and Adnoc 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.)

$^FADGI$^JTOPI$SHEL.L$SHELL.AS

Equities25d ago

Capital One Adjusts Price Target on Devon Energy to $63 From $64, Maintains Overweight Rating

Devon Energy (DVN) has an average rating of overweight and mean price target of $58.23, 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://www..com/contact-us)

$DVN

Equities25d ago

Deutsche Bank Adjusts Venture Global Price Target to $16 From $14, Maintains Buy Rating

Venture Global (VG) has an average rating of overweight and mean price target of $14.37, 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://www..com/contact-us)

$VG

Equities25d ago

Citigroup Adjusts Price Target on EOG Resources to $142 From $150, Maintains Neutral Rating

EOG Resources (EOG) has an average rating of overweight and mean price target of $153.97, 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://www..com/contact-us)

$EOG

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