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XCF Global Signs Commercial Agreements With BGN

XCF Global (SAFX) said late Tuesday it has executed definitive commercial agreements with BGN INT US to support feedstock supply, renewable fuel production, logistics and commercialization at its New Rise Renewables Reno facility.Under the agreements, BGN is expected to provide feedstock supply and serve as a commercialization partner, for renewable fuels produced at the facility, including sustainable aviation fuel, renewable diesel and renewable naphtha.XCF said the framework could be expanded to future facilities, subject to operational readiness, market conditions and regulatory requirements.Financial terms of the deal were not disclosed.

$SAFX

Equities34d ago

Caspian Sunrise Spuds Deep Well 707 in Kazakhstan

Oil and gas explorer Caspian Sunrise (CASP.L) said Wednesday the deep well 707 at the Yelemes Deep structure on its BNG Contract Area in Kazakhstan was spudded.The well will be drilled to a planned total depth of 3,500 meters to determine the size of the Lower Triassic T1 reservoir, improve the position of the oil-water contact, and review the hydrocarbon potential of the overlying Middle Jurassic section.The December 2025 renewal of the license at the Yelemes Deep structure required drilling of three deep wells before the end of 2027 to be eligible to apply for a 25-year production license.

$CASP.L

Equities34d ago

Caspian Sunrise Chairman Plans Year-end Exit

Caspian Sunrise (CASP.L) Chairman Clive Carver will leave the company on Dec. 31, according to a Wednesday filing.The London-listed oil and gas exploration and production company said Carver's resignation is in line with succession plans.

$CASP.L

Equities34d ago

Adnoc to Boost Cooperation with South Korea on Crude Supply, Storage

Abu Dhabi National Oil Co., d/b/a Adnoc, signed a strategic collaboration agreement with South Korea to boost cooperation for the long-term supply and storage of crude.The agreement, signed with South Korea's Ministry of Trade, Industry and Resources, covers the supply of up to 24 million barrels of United Arab Emirates crude to South Korea, according to a Wednesday release.The deal also includes alternative export routes with lower exposure to disruptions, Adnoc noted.

^FADGI

Equities34d ago

Pulsar Helium to Raise $22 Million in Equity

Pulsar Helium (PLSR.L) plans to raise $20 million through a share placement and a subscription offer, according to a Tuesday filing.The helium exploration company also plans to raise $1.5 million through a retail offering. The shares will be sold at 0.75 pound sterling per share under all three offerings.Proceeds are earmarked for the drilling of six production-ready wells at the Topaz project in the US and other exploration-related activities.

$PLSR.L

Equities34d ago

Energy Resources of Australia Shareholder Appeals Court Approval of Rio Tinto's Compulsory Takeover

Energy Resources of Australia (ASX:ERA) said shareholder Zentree Investments is appealing the Australian Federal Court's approval of Rio Tinto Group's (ASX:RIO) compulsory acquisition of the remaining shares in the firm, according to a Wednesday filing with the Australian bourse.The appeal extends the timeframe for the deal's completion to 14 days after the appeal is determined.Energy Resources of Australia said it will monitor the appeal proceedings and engage with the ASX to determine what implications the appeal has on its suspension from trading and delisting.Rio Tinto shares fell 2% in recent Wednesday trade.

ASX:ERAASX:RIO

Equities34d ago

Market Chatter: Indian Oil Refiners in Talks to Buy Iranian Oil if US Extends Waivers

India's state oil companies are said to be in talks with traders marketing Iranian crude, in case the U.S. extends waivers beyond August or eases restrictions, according to a Bloomberg report on Tuesday, citing sources.However, Indian Oil (NSE:IOC, BOM:530965), Bharat Petroleum (NSE:BPCL, BOM:500547), and Hindustan Petroleum (NSE:HINDPETRO, BOM:500104) are in no hurry to buy Iranian oil as they have fully contracted shipments required through August, the report said.The oil refiners may procure some Iranian cargoes if the discounts are significant, the sources told the news agency, adding that the discussions were aimed at securing access to Iranian barrels in case of any unforeseen developments.Indian Oil, Bharat Petroleum, and Hindustan Petroleum did not immediately respond to comment requests 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.)

^BSENifty 50BOM:500104BOM:500547BOM:530965NSE:BPCLNSE:HINDPETRONSE:IOC

Equities34d ago

Santos to Strengthen Indigenous Training, Employment Opportunities in Northern Territory, Shares Up 5%

Santos (ASX:STO) said it would increase indigenous participation by strengthening training and employment initiatives in the Northern Territory, according to a Wednesday statement.It also launched its updated 2030 Indigenous Participation Plan to create sustainable employment, training, and business opportunities for Aboriginal and Torres Strait Islander peoples across Australia.The Barossa Aboriginal Future Fund launched the Saltwater Pathways Program, a pilot training and employment initiative, supported by the Barossa joint venture partners Santos, PRISM Energy Australia, and JERA Australia.The fund will invest nearly AU$3.1 million over three years to deliver the program.Santos' shares climbed 5% in recent trading on Wednesday.

ASX:STO

Equities36d ago

Adnoc Launches LNG Trading, Marketing Platform on Abu Dhabi's ADGM

Abu Dhabi National Oil Co., d/b/a Adnoc, launched a marketing and trading platform in Abu Dhabi's international financial center ADGM, or Abu Dhabi Global Market.The global platform for trading and marketing liquefied natural gas is meant to boost the flexibility and shipping options for Adnoc Gas' expanding LNG portfolio, the oil giant said Monday. Adnoc noted that the platform will also capitalize on the marketing activities of its international energy investment company XRG.The new platform will target 47 million tonnes per annum of combined marketable LNG by 2035.

^FADGI

Equities36d ago

OPEC+ Raises Oil Output Targets for August

Seven members of the Organization of the Petroleum Exporting Countries and other oil-producing countries, or OPEC+, agreed to raise August oil output targets by 188,000 barrels per day.Saudi Arabia, Iraq, Kuwait, Algeria, Kazakhstan, Russia, and Oman, in their virtual meeting on Sunday, said the move will enable the participating countries to accelerate their compensation, according to a same-day release.The seven producers will again meet on Aug. 2 to assess market conditions and compensation.

^TASI

Equities37d ago

Market Chatter: OPEC+ to Reportedly Raise Crude Output Quotas in August

The members of the Organization of the Petroleum Exporting Countries and other oil-producing countries, or OPEC+, will reportedly increase the crude oil output quotas at its meeting on Sunday, Bloomberg News reported the same day, citing group delegates.The sources said that the group is said to be hiking the targets by 188,000 barrels per day. The plan is reportedly in line with OPEC+'s plan to overturn its previous output curbs, which were implemented a few years ago.(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.)

^TASI

Equities37d ago

TotalEnergies CEO Sees Normalization of Gas, Diesel Rates in Up to Four Months

TotalEnergies (TTE.PA, TTE.L) Chief Executive Officer Patrick Pouyanné expects the market for gasoline and diesel to stabilize in three to four months as shipping worries ease, Bloomberg News reported July 4.Presently, shipowners are hesitant to transport tankers through the Strait of Hormuz, Pouyanné said at the Rencontres Economiques conference in Aix-en-Provence, France. At the same time, crude is being sold at discounted rates as the conflict in the Middle East has created large stockpiles for Arab producers, the CEO added.The French energy giant did not immediately respond to a request for comment from.

$TTE.L$TTE.PA

Equities39d ago

Market Chatter: Adnoc Reportedly Evaluates List of Banks for Financial Advisory Work

Abu Dhabi National Oil Co., d/b/a Adnoc, called for pitches from about 10 investment banks for potential financial advisory work, Bloomberg News reported Friday, citing people familiar with the matter.The roles are currently held by Moelis & Co. and PJT Partners. However, the banks could still retain their positions depending on the evaluation, which is reportedly held periodically by the state-owned oil producer.Adnoc 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.)

^FADGI

Equities39d ago

Helix Exploration Raises GBP18 Million via Retail Offering, Share Placement

Helix Exploration (HEX.L) said Friday it raised 1.6 million pounds sterling through a retail offering of 7,272,727 new shares at 0.22 pound per share.The helium exploration and development company raised a total of 17.6 million pounds through the retail offer and a completed placement of 80 million shares.

$HEX.L

Equities39d ago

RBC Upbeat on Repsol Amid Expectations of Robust FY26 Refining Margins

RBC Capital Markets noted its positive stance on Repsol (REP.MC) amid expectations of robust refining margins and an "attractive" 15% free cash flow yield in 2026, following a conference hosted by the research firm and investor meetings with the company's executives."The war in Iran has resulted in significant disruption to the Middle East refining complex, which will lead to material inventory draw-downs in our view, thereby helping to support refining margins," analysts said Thursday. "We continue to like the risk-reward in owning Repsol given a tight oil products market is likely to support elevated refining margins through the rest of the year and into next year. Commitment to distributions and a stable financial framework is also an encouraging sign."The research firm also highlighted Repsol's upstream strategy, with plans to direct 80% of its upstream capital expenditure to US assets over the 2026 to 2028 period.The stock is rated outperform, with a price target of 32 euros.

$REP.MC

Equities39d ago

DOF Group Lands Contract Extension for Anchor Handling Tug Supply Vessel

DOF Group (DOFG.OL) secured a two-year extension of the contract for its Skandi Vega anchor handling tug supply vessel with Equinor (EQNR.OL) unit Equinor Energy, following the exercise of options.The contract for the Norwegian offshore and subsea services company's vessel is now firm until the third quarter of 2029, according to a Friday release. The Norwegian energy company has been using the vessel since it was built in 2010.

$DOFG.OL$EQNR.OL

Equities39d ago

BIMB Securities Upgrades Velesto Energy to Buy From Hold; Price Target is MYR0.32

Velesto Energy (KLSE:VELESTO) has an average rating of overweight and mean price target of 0.33 ringgit, 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://finwires.com/en/contact)

KLSE:VELESTO

Equities39d ago

Market Chatter: TotalEnergies Reportedly Marketing Iraqi Crude to Asia

TotalEnergies (TTE.PA, TTE.L) is marketing millions of barrels of Iraqi crude to Asian refiners, Bloomberg News reported Friday, citing traders.The French energy giant is reportedly offering to collect and deliver shipments of Basrah Medium and Basrah Heavy to customers from South Korea, Taiwan and China. The offers include shipments for arrival in July and August, the report added.TotalEnergies 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.)

$TTE.L$TTE.PA

Equities39d ago

La Française de l'Energie to Buy Waste Treatment, Gas Production Plant in Norway

La Française de l'Energie (FDE.PA) said Friday it agreed to acquire household waste treatment and renewable natural gas production facility Romerike Biogassanlegg for 4.5 million euros.The plant, which has a capacity of 50,000 metric tons of feedstock, is located near the Oslo-Gardermoen Airport in Norway. The low-carbon energy production company will immediately launch measures to improve the plant's operational performance ahead of a planned production ramp-up by 2027.La Française de l'Energie said it expects the transaction to result in gradual value creation with a positive impact as early as fiscal 2027.

$FDE.PA

Equities39d ago

Oracle Power Raises Funds via Share Placing

Oracle Power (ORCP.L) raised 500,000 pounds sterling in gross proceeds through a placing of 1.25 billion shares at 0.0004 pound each.The UK-listed energy project developer will use the net proceeds to advance the development of projects in Australia and Pakistan and for general working capital purposes, according to a Friday release.The new shares are expected to start trading on the London stock exchange's AIM segment on July 9.

$ORCP.L

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