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Earnings Flash (CNQ) Canadian Natural Resources Posts Q1 Adjusted EPS CA$1.17, vs. FactSet Est of CA$1.05

88 Energy Secures Rig for Exploration Well Drilling in US

88 Energy (88E.L) secured a rig for the drilling of the Augusta-1 exploration well at its South Prudhoe project in Alaska, US, according to a Thursday filing.The oil and gas exploration company plans to commence drilling at the project in the first quarter of 2027.

$88E.L

Equities2d ago

Star Energy Raises Funds via Retail Share Offer

Star Energy (STAR.L) raised 541,153 pounds sterling through a retail offer of 3,607,686 new shares, according to a Thursday filing.In total, the oil and gas company raised aggregate gross proceeds of 9.1 million pounds through share placing, subscription, and the retail offer.

$STAR.L

Equities2d ago

Diversified Energy, Carlyle Partner to Acquire $1.18 Billion Worth of Oklahoma Energy Assets

Diversified Energy (DEC) and Carlyle's (CG) global credit platform exercised a purchase agreement for the acquisition of a portfolio of oil and natural gas properties and related assets in Oklahoma's Anadarko Basin from Camino Natural Resources for $1.18 billion, the companies said Wednesday.The acquisition includes an additional 100 undeveloped inventory locations in an active area, with Diversified owning more than 450 locations in Oklahoma, the companies said.The acquisition will be financed by an asset-backed securitization structured and arranged by Carlyle, the companies said.

$CG$DEC

Equities2d ago

EU Lawmakers Say Progress Made on Legislation for EU-US Trade Deal

European Parliament negotiators made progress in talks with EU governments on legislation tied to the EU-US Turnberry trade agreement, though discussions are still ongoing, Parliament chief negotiator Bernd Lange said Thursday.Lange said negotiators advanced discussions on the safeguard mechanism and review provisions tied to the proposed legislation during a second trilogue meeting.The legislation aims to implement tariff provisions of the EU-US trade agreement reached in July 2025 in Turnberry, Scotland.The next round of negotiations is scheduled for May 19 in Strasbourg, he said.

Equities2d ago

Update: Tenaris Q1 Earnings, Revenue Rise; Flags Q2 Sales Hit; Shares Down Pre-Bell

(Updates with the stock move in the headline and the last paragraph.)Tenaris (TS) reported Q1 earnings late Wednesday of $1.07 per American depository share, up from $0.94 a year earlier.Analysts polled by FactSet expected $0.89.Net sales for the quarter ended March 31 rose to $3.10 billion from $2.92 billion a year earlier.Analysts surveyed by FactSet expected $2.99 billion.For Q2, the company said it expects sales will be affected by lower shipments in the Middle East.Tenaris shares were down 6.1% in premarket activity Thursday.

$TS

Equities2d ago

Hallador Swings to Q1 Loss, Revenue Falls; 12-Year Capacity Deal for $1 Billion Signed; Shares Up Pre-Bell

Hallador Energy (HNRG) reported a Q1 net loss late Wednesday of $0.20 per diluted share, swinging from earnings of $0.23 a year earlier.Analysts polled by FactSet expected a $0.11 loss.Sales and operating revenue for the quarter ended March 31 were $101.8 million, down from $117.7 million a year earlier.Analysts polled by FactSet expected $102.3 million.The company signed a 12-year deal to sell a "substantial" portion of its accredited capacity to a subsidiary of a utility from 2028 through 2040, Hallador said. The deal initially covers a smaller volume of accredited capacity in 2028, rising to two-thirds of the capacity starting in 2029 through 2040.The company expects to generate more than $1 billion in revenue from the deal, which is subject to regulatory approvals, expected in H2 2026.Hallador shares were up 15% in premarket activity Thursday.

$HNRG

Equities2d ago

Eni Advances Indonesia Gas Development Plans After Successful Geliga-1 Well Test

Eni's (ENI) Geliga-1 offshore Indonesia discovery delivered strong drill stem test results, confirming robust reservoir productivity and underscoring the strategic significance of the Kutei Basin, the company said Thursday.During testing, the well flowed at up to 60 million standard cubic feet per day, constrained by rig capacity and with minimal pressure drawdown. Eni estimates the well could sustainably produce about 200 MMSCFD of gas and 10,000 barrels per day of condensate.Eni drilled Geliga-1 in the Ganal Block about 70 km offshore East Kalimantan in roughly 2,000 meters of water, encountering a major Miocene gas column estimated to contain about 5 trillion cubic feet of gas and 300 million barrels of condensate in place, it said.Eni, which operates the Ganal PSC with an 82% stake alongside Sinopec's 18%, plans to transfer the asset to its proposed Eni-PETRONAS joint venture, Searah, which is expected to close in Q2 2026, it added.

Equities2d ago

Update: Market Chatter: EU Reportedly Weighs Methane Fine Suspension Amid Energy Security Concerns

(Updates to add European Commission's statement)The European Commission is said to be evaluating a plan to suspend methane emission penalties during periods of energy supply instability, such as the disruptions in the Middle East, London's Financial Times reported Wednesday.The commission is scheduled to enforce new rules on monitoring, reporting and verifying methane leaks in January 2027. However, a new draft guidance seen by the news outlet stated that applying the fines amid an energy crisis could "worsen the security of supply situation, endangering continuity."Under the original regulation, maximum penalties are up to 20% of annual revenue, but the new proposal suggests the fines could be shelved indefinitely and only be reinstated if "the risk to the security of supply is no longer present," the Financial Times added.A European Commission spokesperson had no comment when reached by, saying the commission does not comment on leaked or internal documents.(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.)

$^SXXP

Equities2d ago

Eni Says Geliga-1 Gas Discovery Test in Indonesia Backs Accelerated Development Plans

Eni (ENI.MI) said Thursday a drill stem test at its offshore Geliga-1 gas discovery in Indonesia showed high deliverability, supporting accelerated development plans in the Kutei Basin.The Italian oil and gas company noted that the reservoir flowed at rates of up to 60 million standard cubic feet per day during testing, constrained by rig facilities, with limited pressure drawdown.The test showed that the Geliga‑1 well can sustainably produce about 200 million standard cubic feet per day of gas and around 10,000 barrels per day of condensate.

$ENI.MI

Equities2d ago

Shell Q1 Adjusted Earnings, Revenue Rise

Shell (SHEL) reported Q1 adjusted earnings Thursday of $1.22 per share, up from $0.92 a year earlier.Analysts polled by FactSet expected $1.04.Revenue for the quarter ended March 31 was $69.69 billion, up from $69.23 billion a year ago.Analysts surveyed by FactSet expected $81.4 billion.The company also launched a $3 billion share repurchase program and increased its quarterly interim dividend by 5% to $0.3906, payable June 29 to holders on record as of May 22.

$SHEL

Equities2d ago

Royal Vopak to Buy Majority Stake in BESS Developer Green Energy Storage

Dutch tank storage company Koninklijke Vopak (VPK.AS) agreed to acquire a majority stake in Dutch battery energy storage systems developer Green Energy Storage.Under the deal, Vopak will also support Green Energy Storage's project pipeline, including its utility-scale battery storage project in Oosterhout, according to a Thursday release.Terms of the deal, which remains subject to a final investment decision, will be disclosed upon closing.

$VPK.AS

Equities2d ago

RBC Tweaks Price Target, Estimates for Equinor After 'Strong' Q1 Results

RBC Capital Markets adjusted its earnings forecasts and price target for Equinor (EQNR.OL) following the Norwegian energy company's "strong" trading results in the first three months of the year.Analysts on Wednesday revised estimates to reflect the first-quarter performance and the latest outlook, with RBC's production growth forecast of 5% above management's 3% guidance. The research firm added that its model now incorporates "cash tax smoothing," anticipating Equinor would use the "enormous" pre-tax tailwind to settle additional taxes in the second half of 2026.Against this backdrop, RBC lowered its price target to 360 Norwegian kroner from 380 kroner, and reiterated its underperform rating, noting the company's shares suggest a "more optimistic" macroeconomic scenario compared with other companies in the industry."A robust quarter, but unfortunately reporting on the wrong day. Equinor's share price reaction today was more driven by de-escalation headlines than anything in the release, with the company reporting record production and a beat across multiple divisions. We continue to see question marks over Equinor's 10% holding in Ørsted [ORSTED.CO], with the company recently deciding not to nominate a board member. We expect clarity with the upcoming [capital markets day] in June. While this remains a relatively small part of the overall investment case, it speaks to the broader capital allocation strategy and its plans for offshore wind," the note said. The Oslo-listed stock was down over 8% at Wednesday's close.

$EQNR.OL$ORSTED.CO

Equities2d ago

Shell Launches $3 Billion Share Buyback

Shell (SHEL.L, SHELL.AS) initiated a $3 billion share repurchase program to reduce its share capital, according to a Thursday filing.The energy giant will buy back up to 320 million shares by July 24, with the buyback to be completed before the publication of its second-quarter results.Shell appointed a single broker to make the repurchases on its behalf.

$SHEL.L$SHELL.AS

Equities2d ago

Shell Posts Higher Q1 Income, Revenue

Shell (SHEL.L, SHELL.AS) said Thursday that its income and revenue for the first quarter increased year over year.Income attributable to shareholders for the three months ended March 31 was $5.69 billion, compared with $4.78 billion a year earlier. EPS moved to $1 from $0.79.The oil and gas giant's revenue was $69.69 billion, compared with $69.23 billion a year ago.Meanwhile, the board declared a first-quarter dividend of $0.3906 per share. It previously paid a dividend of $0.3580 per share.For the second quarter, Shell expects integrated gas production to be between 580,000 barrels of oil equivalent per day and 640,000 boe/d. LNG liquefaction volumes are expected to be in the range of 6.8 million tonnes to 7.4 million tonnes. Upstream production is expected to be 1.6 million boe/d to 1.8 million boe/d. Marketing sales volumes are expected to be 2.5 million b/d to 2.7 million b/d.

$SHEL.L$SHELL.AS

Equities2d ago

Harbour Energy's Q1 Production, Revenue Grows

Harbour Energy (HBR.L) said Thursday that its production and revenue increased year over year in the three months ended March 31.The oil and gas company's production was 506,000 barrels of oil equivalent per day, compared with 500,000 boepd previously. Meanwhile, revenue increased to $3 billion from $2.8 billion.Looking ahead, the company upgraded its production guidance to 480,000 boepd to 500,000 boepd, compared with a previous range of 475,000 boepd to 500,000 boepd.

$HBR.L

Equities2d ago

Market Chatter: EU Reportedly Weighs Methane Fine Suspension Amid Energy Security Concerns

The European Commission is said to be evaluating a plan to suspend methane emission penalties during periods of energy supply instability, such as the disruptions in the Middle East, London's Financial Times reported Wednesday.The commission is scheduled to enforce new rules on monitoring, reporting and verifying methane leaks in January 2027. However, a new draft guidance seen by the news outlet stated that applying the fines amid an energy crisis could "worsen the security of supply situation, endangering continuity."Under the original regulation, maximum penalties are up to 20% of annual revenue, but the new proposal suggests the fines could be shelved indefinitely and only be reinstated if "the risk to the security of supply is no longer present," the Financial Times added.The European Commission 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.)

$^SXXP

Equities2d ago

Norway's BlueNord Places $400 Million of Senior Unsecured Bond

BlueNord (BNOR.OL) said Wednesday it issued a new senior unsecured bond worth $400 million with a fixed interest rate of 7.875% per annum.The five-year bond is due in 2031, with the net proceeds earmarked for refinancing the oil and gas company's $300 million senior unsecured bonds, as well as for general corporate purposes. Settlement is scheduled for May 19.DNB Carnegie, Fearnley Securities, and Pareto Securities acted as joint bookrunners for the bond issue.

$BNOR.OL

Equities2d ago

Rex International Names COO

Rex International (SGX:5WH) named Mike Hopkinson as its new chief operating officer, according to a Wednesday filing with the Singapore Exchange.Shares of the oil and gas exploration company were down over 1% in Thursday trading.Hopkinson succeeds Svein Kjellesvik, who is retiring, the filing added.Hopkinson has been the general manager of the company's subsidiary, Masirah Oil, since 2023.

$SGX:5WH

Equities2d ago

Diversified Energy, Carlyle to Buy Camino Natural Resources' Assets for $1.18 Billion

Diversified Energy Co. (DEC.L) is teaming up with investment firm Carlyle for the $1.18 billion acquisition of certain Camino Natural Resources assets in the US.The deal covers a bolt-on portfolio of oil and natural gas properties and associated assets in the Anadarko Basin of the US state of Oklahoma, according to a Thursday filing. The targeted assets are contiguous to existing assets in the same state of the listed energy company.Diversified expects to spend $210 million for the acquisition. The company agreed to establish a special-purpose vehicle with Carlyle for the transaction, with the investment firm holding majority ownership and it owning a minority stake.Completion is expected in the third quarter, subject to customary closing conditions.

$DEC.L

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