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Update: Market Chatter: US, Vietnam Firms Set to Announce Deals During To Lam Visit

(Updates with Citi's comment in the seventh paragraph.)US and Vietnamese companies are expected to announce a series of agreements in energy, technology, aviation and finance next week as Vietnamese leader To Lam visits New York, Reuters reported Wednesday, citing officials and two documents.The report said the planned agreements are part of Vietnam's efforts to ease trade tensions with the US as the Trump administration threatens new tariffs on the country's exports.An internal planning document lists 29 potential agreements for a Sept. 23 business conference attended by To Lam, Reuters said.Murphy Oil (MUR) and Chevron (CVX) are expected to announce agreements with state-owned Petrovietnam, while ExxonMobil (XOM) is expected to reach an agreement with Vietnam Refinery and Petrochemical, according to the report.Vietjet is expected to announce plans to lease up to 22 aircraft, including 17 Boeing (BA) 737s and five Airbus A321neos, Reuters said, adding it is also expected to sign an agreement with SpaceX (SPCX) to provide Starlink satellite internet service on 120 aircraft.The list also includes potential agreements involving Meta (META), Qualcomm (QCOM), Visa (V), Mastercard (MA) and Citibank (C), the report added.Citi said it is currently unable to provide any specific comments or insights, while all other companies listed in the article did not immediately respond to' requests 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.)

$C$CVX$MA$META$MUR$QCOM$SPCX$V$XOM

Equities4d ago

Petrobras, Computer Modelling Reach Five-Year Renewal for Software Licensing, Support Agreement

Petrobras (PBR) has renewed and expanded its agreement with Computer Modelling for software licensing and support by five years, the Canada-based software and consulting company said Thursday.Financial details weren't provided.Under the agreement, Computer Modelling said its simulation technology will support Petrobras' evaluation of recovery strategies and strengthen its subsurface analyses for long-term development and capital allocation.

$PBR

Equities4d ago

CNX Resources Expands Radiation Monitoring Under Pennsylvania Transparency Program

CNX Resources (CNX) will expand its environmental monitoring and disclosure program in collaboration with Pennsylvania Gov. Josh Shapiro's administration and the state Department of Environmental Protection, the company said Thursday.The company will add continuous gamma radiation monitoring at select well pads and produced water facilities, with third-party data shared with CNX, DEP and the public in real time.CNX Resources will publicly disclose monthly updated radiation data for transported waste under voluntary measures exceeding regulatory requirements, it added.The company said it already conducts daily radiation surveys before waste is sent for disposal and will now publish the results, updated monthly, under the expanded program.CNX Resources shares were up 6.4% in premarket activity.

$CNX

Equities4d ago

BMO Capital Adjusts Price Target on Phillips 66 to $310 From $260, Keeps Outperform Rating

Phillips 66 (PSX) has an average rating of overweight and mean price target of $255.50, according to analysts polled by FactSet.

$PSX

Equities4d ago

Social Buzz: Wallstreetbets Stocks Advance Premarket Thursday; Nebius Group, AMD to Open Higher

The most-talked-about stocks in the Reddit subforum Wallstreetbets were advancing hours before Thursday's opening bell.Nebius Group (NBIS) rose by 8.9% pre-bell, after a 1% increase from Wednesday's session. The company has raised prices of its computing services.Advanced Micro Devices (AMD) was up 2.4% premarket, following a 1.7% rise at Wednesday's close.Micron Technology (MU) was 1.9% higher in premarket activity, reversing a 0.1% decline from the previous session.Broadcom (AVGO) was up 1.6% pre-bell, following a 0.1% increase from Wednesday's session.SpaceX (SPCX) was 1.5% higher hours before market open, after a 5.2% rise at Wednesday's close.Nvidia (NVDA) advanced by 1.5% in pre-bell activity, after closing Wednesday with a 0.8% increase.Meta Platforms (META) rose by 1.1% in premarket hours, following a 0.5% increase at Wednesday's close.DTE Energy (DTE) was up 0.1% premarket, following a 0.2% increase from Wednesday's session.

$AMD$AVGO$DTE$META$MU$NBIS$NVDA$SPCX

Equities4d ago

Raymond James Adjusts Price Target on EOG Resources to $186 From $183, Keeps Strong Buy Rating

EOG Resources (EOG) has an average rating of overweight and mean price target of $163.69, according to analysts polled by FactSet.

$EOG

Equities4d ago

Raymond James Adjusts PT on Diamondback Energy to $255 From $248, Keeps Strong Buy Rating

Diamondback Energy (FANG) has an average rating of overweight and mean price target of $235.73, according to analysts polled by FactSet.

$FANG

Equities4d ago

BP to Meet Whiting Refinery Union for Second Round of Talks This Week

BP (BP) is set to resume talks with the United Steelworkers union representing workers at its Whiting refinery on Thursday, the company said Wednesday.The BP Whiting refinery and elected representatives of United Steelworkers Local 7-1 previously met on Monday to discuss an agreement, including proposals to modernize job structures.The British company said it is proposing a six-year agreement, an extended 150-day industrial peace clause before any future strike or lockout after the contract expiration, and wage increases that would raise pay by an average of 13% over the first four years of the contract.

$BP

Equities4d ago

Norway's DNO Revises Terms of $396 Million Capricorn Energy Bid

Norwegian energy group DNO (DNO.OL) unit DNO Bidco revised its proposed acquisition of Capricorn Energy (CNE.L), offering shareholders $5.214 per share in cash.The revised offer valued the oil producer's entire issued and to-be-issued share capital at $396 million, according to a Thursday filing.Under the original offer announced Sept. 1, Capricorn shareholders were due to receive $4.224 per share in cash and a special dividend of $0.99 per share. Capricorn's board intends to unanimously recommend that shareholders approve the deal.The transaction remains subject to previously announced conditions and is expected to become effective in the first quarter of 2027.

$CNE.L$DNO.OL

Equities4d ago

Market Chatter: Saudi Aramco to Reportedly Resume East-West Pipeline's Partial Capacity After Drone Attacks

Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, is reportedly planning to resume partial capacity of its East-West pipeline soon by bypassing a damaged section, Bloomberg News reported Wednesday, citing a person familiar with the matter.The 1,200-kilometer pipeline was shut down on Sept. 10 after drone attacks, the report added. The Saudi Arabian state-owned oil giant is targeting full resumption of the pipeline within six weeks.Saudi Aramco and Saudi Arabia's Ministry of Energy did not immediately respond to requests for comments 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

Equities4d ago

Adnoc Gas Appoints Chief Projects, Engineering Officer

Abu Dhabi-listed natural gas distribution company Adnoc Gas (ADX:ADNOCGAS) appointed Mark Taylor as chief projects and engineering officer.Taylor, who previously held senior project leadership roles in global energy and mining companies, joined Adnoc Gas on Tuesday, according to a Thursday release.

ADX:ADNOCGAS

Equities4d ago

Poland's Orlen Secures Additional Oil Cargoes Amid Saudi Pipeline Outage

Orlen (PKN.WA) agreed to buy 16 cargoes of oil from Norway, the UK, Algeria, Kazakhstan, Azerbaijan, and the Americas, Reuters reported Wednesday, citing the company.The Polish energy group said it is purchasing the additional oil for its refineries in Poland, Lithuania, and the Czech Republic to cover the disruption to supply from Saudi Arabia after an attack took the country's East-West Pipeline offline on Sept. 10.The extra purchases will cover demand for September and October, the report said, citing market sources. Orlen also issued two additional tenders on Wednesday to buy North Sea grades and Brazilian or Guyanese crude oil, the report added.Orlen did not immediately respond to a request for comment from.

$PKN.WA

Equities4d ago

BP to Hold Second Round of Labor Talks with Union Over Whiting Refinery

BP (BP.L) will hold a second meeting with the United Steelworkers union representing workers at its Whiting refinery in the US on Thursday, according to a Wednesday release.Following the meeting with USW Local 7-1 elected representatives on Monday, the oil and gas company said it is ready to "keep talking" with the union to reach a fair agreement for employees to return to work.

$BP.L

Equities4d ago

Trans Mountain Courts New Asian Oil Buyers to Diversify Exports

Canadian government-owned Trans Mountain Corp. has been meeting with new Asian oil buyers to diversify its crude export customer base, Bloomberg reported Wednesday, citing the company's chief administrative officer.Jennifer Pierce returned last weekend from a trip visiting customers in China, Korea and Japan, as well as "future customers" in India, Singapore, Brunei, Thailand and Vietnam, she said at the Oil Sands Expo in Fort McMurray, Alberta, according to the report.South Korea has become a regular purchaser of Canadian heavy crude in recent months, and Japan has just begun taking cargoes, while India and Brunei have taken only a handful of shipments, the report said."Not being dependent on one country over another" is the goal, Pierce said, pointing to opportunities to expand sales to Korea, Japan, Thailand, Malaysia and Vietnam, according to the report.

Equities4d ago

Market Chatter: Saudi Arabia Seeks To Restore Half Of Key Oil Pipeline Capacity Within Days

Saudi Arabia is seeking to restore about half the capacity of its East-West oil pipeline within days after it was halted following drone attacks, Bloomberg reported, citing a person familiar with the matter.Saudi Aramco is working to bypass a damaged section of the pipeline, with full capacity targeted in about six weeks, the report said.The shutdown has caused delays for European customers and pushed up regional crude prices, while refiners have sought replacement cargoes, Bloomberg reported.Aramco has also sold about 20 million barrels to Asian refiners for September and October pickup, according to traders cited by the report.(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.)

Equities4d ago

American, United, Southwest Scale Back Schedules As Fuel Costs Rise

American Airlines (AAL), United Airlines (UAL) and Southwest Airlines (LUV) are scaling back planned flight schedules as higher fuel prices pressure profits, Reuters reported Wednesday.American expects the latest fuel price increase to add about $1 billion to its fourth-quarter costs, while United plans to cut some December flights and could make further reductions into 2027, the report said.Southwest has already cut its planned 2026 capacity growth roughly in half and could reduce it further if fuel costs remain elevated, according to the report.Demand remains strong despite higher fares, Reuters reported.

$AAL$LUV$UAL

Equities5d ago

Market Chatter: Exxon Mobil Close to Preliminary Venezuela Oil Investment Deal

Exxon Mobil (XOM) is nearing a preliminary deal to explore investments in multiple Venezuelan oil fields, The Wall Street Journal reported Wednesday, citing people familiar with the matter.The company may sign a memorandum of understanding with state-run Petroleos de Venezuela as soon as this month on developed and undeveloped fields, the report said.Discussions still may fall apart or extend past September, the report said.Exxon Mobil did not immediately respond to a request for comment by.(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.)

$XOM

Equities5d ago

Precision Drilling Renews Share Buyback Program

Precision Drilling (PDS) renewed its normal course issuer bid to purchase up to 1.23 million shares for cancellation.The buyback, approved by the Toronto Stock Exchange, may begin Monday and continue through Sept. 20, 2027, or earlier if the authorized amount is purchased, the company said Wednesday in a statement.

$PDS

Equities5d ago

APA Keeps Quarterly Dividend at $0.25 a Share; Approves Additional Buyback Authorization of 40 Million Shares

APA's (APA) board kept its quarterly dividend at $0.25 per share and approved additional repurchase authorization of 40 million shares, the company said late Wednesday.The dividend is payable Nov. 23 to stockholders of record on Oct. 22.

$APA

Equities5d ago

Vitesse Energy Closes Acquisition ot Oil Assets in Denver-Julesburg Basin of Colorado

Vitesse Energy (VTS) said late Wednesday it closed the acquisition of non-operated oil and gas assets in the Denver-Julesburg Basin of Colorado for an initial unadjusted price of $26 million.The acquired assets, primarily in Weld County, are entirely operated by Chevron (CVX), the company said.The acquisition is expected to be immediately accretive to company earnings, operating and free cash flows, as well as net asset value, according to a statement.Over the next twelve months, the assets are expected to produce 900 barrels of oil equivalent per day on a two-stream basis, according to the company.The company added that it has also entered into commodity derivative contracts to hedge a significant portion of the acquired production through 2030 to support the underwritten returns.

$CVX$VTS

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