FINWIRES — Financial News

Tasnee Wins Regulatory Nod to Divest Al‑Rowad Industrial Transformation Unit

National Industrialization Co. (SASE:2060), d/b/a Tasnee, obtained a no-objection notice for the sale of its Al Rowad Industrial Transformation Co unit to Saudi Holding Co for Conversion Industries, or Tahweel Holding.The letter from Saudi Arabia's General Authority for Competition concerns the economic concentration related to the deal, according to a Tuesday release.The petrochemical company added that the transaction is still subject to other requirements and procedures.

SASE:2060

Equities28d ago

Pulsar Helium Secures GBP19 Million from Share Sale

Pulsar Helium (PLSR.L) raised 19 million pounds sterling from its offering of 25,393,329 shares, according to a Monday release.The helium exploration company secured 17.9 million pounds from the placement of 23,895,801 new common shares, 750,000 pounds from University Bancorp's subscription of 1,000,866 new common shares and 400,000 pounds from the sale to retail investors of 496,662 new common shares.Completion of the share sale remains subject to the approval of the TSX Venture Exchange.

$PLSR.L

Equities28d ago

Quadrise Raises Further Funds via Retail Offer

Quadrise (QED.L) raised 400,000 pounds sterling in gross proceeds through a retail offer, which closed on Monday.The British energy group will issue 40,365,341 retail offer shares at 0.01 pound apiece, according to a same-day release.Quadrise noted that it collectively raised 1.6 million pounds through the retail offer and a previous share placing and subscription.

$QED.L

Equities28d ago

ShaMaran Petroleum Reports Rise in Oil Production as Two Blocks in Iraq Restart Operations

ShaMaran Petroleum (SNM.OL, SNM.ST) said Monday its production and pipeline exports increased gradually after operations restarted at the Atrush and Sarsang blocks in Iraq amid security concerns in the Middle East.The Iraq-focused oil and gas company expects production at both blocks to increase further in the coming weeks, with the Atrush block expected to soon hit 40,000 barrels of oil per day, compared with the current production rate of 37,000 bopd.The company said field damage assessment is ongoing on the Sarsang block, which is currently producing 7,000 bopd. It added that the operator is considering various solutions to achieve full capacity at the block, while monitoring continues on the security situation in the region.

Financial News · Live Terminal

Tasnee Wins Regulatory Nod to Divest Al‑Rowad Industrial Transformation Unit

Pulsar Helium Secures GBP19 Million from Share Sale

Quadrise Raises Further Funds via Retail Offer

ShaMaran Petroleum Reports Rise in Oil Production as Two Blocks in Iraq Restart Operations

High Energy Costs Weighing on UK Business Performance, Groups Say

Tullow Oil Unit to Receive Additional $9 Million in Kenya Deal; Royalty, Back-in Rights Terminated

Shell to Divest Indian Renewables Unit to Aditya Birla for $1.8 Billion

BMO Capital Adjusts Price Target on ConocoPhillips to $130 From $135, Maintains Outperform Rating

Jefferies Adjusts Price Target on Devon Energy to $60 From $63, Maintains Buy Rating

Citigroup Adjusts Price Target on Phillips 66 to $204 From $183, Maintains Neutral Rating

OPEC: UAE's Monthly Crude Oil Production Up in June

Jefferies Adjusts Price Target on Occidental Petroleum to $56 From $58, Maintains Hold Rating

SLB OneSubsea Wins EPC Contract for Eni's Baleine Project Offshore Ivory Coast

BMO Capital Adjusts Price Target on Phillips 66 to $220 From $215, Maintains Outperform Rating

Evercore ISI Adjusts Price Target on Phillips 66 to $200 From $195, Maintains Outperform Rating

Raymond James Adjusts Price Target on Phillips 66 to $235 From $218, Maintains Outperform Rating

Raymond James Adjusts Price Target on Valero Energy to $340 From $300, Maintains Strong Buy Rating

BMO Capital Adjusts Price Target on Valero Energy to $310 From $290, Maintains Outperform Rating

Evercore ISI Adjusts Price Target on Valero Energy to $300 From $250, Maintains In Line Rating

Jefferies Adjusts Price Target on Marathon Petroleum to $335 From $296, Maintains Buy Rating

Tasnee Wins Regulatory Nod to Divest Al‑Rowad Industrial Transformation Unit

Pulsar Helium Secures GBP19 Million from Share Sale

Quadrise Raises Further Funds via Retail Offer

ShaMaran Petroleum Reports Rise in Oil Production as Two Blocks in Iraq Restart Operations

High Energy Costs Weighing on UK Business Performance, Groups Say

Tullow Oil Unit to Receive Additional $9 Million in Kenya Deal; Royalty, Back-in Rights Terminated

Shell to Divest Indian Renewables Unit to Aditya Birla for $1.8 Billion

BMO Capital Adjusts Price Target on ConocoPhillips to $130 From $135, Maintains Outperform Rating

Jefferies Adjusts Price Target on Devon Energy to $60 From $63, Maintains Buy Rating

Citigroup Adjusts Price Target on Phillips 66 to $204 From $183, Maintains Neutral Rating

OPEC: UAE's Monthly Crude Oil Production Up in June

Jefferies Adjusts Price Target on Occidental Petroleum to $56 From $58, Maintains Hold Rating

SLB OneSubsea Wins EPC Contract for Eni's Baleine Project Offshore Ivory Coast

BMO Capital Adjusts Price Target on Phillips 66 to $220 From $215, Maintains Outperform Rating

Evercore ISI Adjusts Price Target on Phillips 66 to $200 From $195, Maintains Outperform Rating

Raymond James Adjusts Price Target on Phillips 66 to $235 From $218, Maintains Outperform Rating

Raymond James Adjusts Price Target on Valero Energy to $340 From $300, Maintains Strong Buy Rating

BMO Capital Adjusts Price Target on Valero Energy to $310 From $290, Maintains Outperform Rating

Evercore ISI Adjusts Price Target on Valero Energy to $300 From $250, Maintains In Line Rating

Jefferies Adjusts Price Target on Marathon Petroleum to $335 From $296, Maintains Buy Rating