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Hunter Group Starts Arbitration Proceedings Over $28 Million Disputed Charter Hire Claims

Hunter Group (HUNT.OL) initiated arbitration proceedings before the London Maritime Arbitrators Association against a long-term contractual counterparty over the latter's failure to pay $28.2 million in charter hire fees.The maritime and energy-focused investor said Wednesday that the counterparty, which reduced its time charter hire payments in March, April, and May, continues to dispute its contractual obligations and failed to "engage meaningfully" with the company's payment demands.Hunter added that it intends to seek recovery of the entire outstanding amount, plus interest and costs.

$HUNT.OL

Equities6d ago

Antero Resources Launches Up to $1.65 Billion Commercial Paper Program

Antero Resources (AR) has set up a commercial paper program under which it may issue up to $1.65 billion of short-term unsecured notes, the company said in a regulatory filing Tuesday.The notes may mature up to 397 days from issuance and will be sold in the US commercial paper market at par or at a discount, with interest rates determined at issuance, Antero Resources said.The company said its senior unsecured revolving credit facility is expected to serve as a liquidity backstop for the program.Net proceeds from the program will be used for general corporate purposes, including working capital, capital expenditures, acquisitions and debt repayment, Antero Resources said.

$AR

Equities6d ago

RBC Adjusts Equinor Forecasts After Strategic Update; Underperform Retained

RBC Capital Markets adjusted its forecasts for Equinor (EQNR.OL) as it took into account the Norwegian energy company's recent strategic update, expecting increased oil volumes from Norway over the medium term.In a Wednesday note, the research firm increased its EPS estimates by 2.9% for 2026, 10.4% for 2027 and 19% for 2028. Forecasts for net production and cash flow from operations were also raised over the three-year period."Equinor's strategic update outlined plans to continue growing its international upstream portfolio and sustain the Norwegian business, while low carbon spend looks set to remain much more modest than envisaged a few years ago. Underlying margins should improve as the mix shifts away from the [Norwegian Continental Shelf] towards International barrels, and this is supportive of higher FCF," analysts wrote. "We weigh this against our more cautious view on gas macro, and Equinor's relative valuation."Analysts view Equinor as moving to "less extraordinary" times and a more "normal" balance sheet position after benefiting from a particularly strong cycle for European gas prices over the last few years.The stock's underperform rating was retained, with a price target of 360 Norwegian kroner.

$EQNR.OL

Equities6d ago

IEA Forecasts Oil Market Recovery in 2027 After US-Iran Deal

The International Energy Agency expects the oil market to recover in 2027 following weak demand amid disruptions arising from the Middle East war, after the US and Iran reached an interim peace deal that could lead to a reopening of the Strait of Hormuz.In its June oil market report published Wednesday, the IEA said global oil demand is anticipated to decline by 1.1 million barrels per day year over year in 2026, a downgrade of 700,000 barrels per day from its previous month's forecast, as deliveries fell in the second quarter due to increased fuel prices and supply disruptions. Meanwhile, global supply is forecast to drop by 3.9 million barrels of oil per day on average in 2026, to 102.4 million barrels per day, before rebounding to 110.3 million barrels per day in the next year."Further declines in the coming months could still take global oil stocks to historic lows before the market balance shifts to surplus towards the end of the year," the IEA noted.Looking ahead, a rebound in demand growth of a "modest" 2 million barrels per day is projected in 2027 as trade flow normalizes, oil prices decline and the economic outlook brightens, under the assumption that the deal holds."While the US‑Iran interim agreement paves the way for a rebound in Middle East exports, operational and political constraints, including prolonged demining and unresolved transit arrangements, leave downside risks to the outlook," the IEA said.The US-Iran agreement is set to be signed on Friday in Switzerland.

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Equities6d ago

Update: ConocoPhillips Confirms Syria Gas Development Deal

(Updates to incorporate confirmation from ConocoPhillips.)ConocoPhillips (COP) confirmed Tuesday that it has signed a development agreement with Syria's new government, after an earlier Financial Times report said the company was poised to become the first major US oil and gas producer to do so.In an emailed response to, the company said "ConocoPhillips has signed an agreement with Syrian Petroleum Company and Novaterra Energy to support an onshore gas development opportunity in Syria."The FT earlier reported, citing people familiar with the matter, that the deal would involve ConocoPhillips and Novaterra partnering with the state-owned Syrian Petroleum Company to develop existing gas fields and explore for new reserves.

$COP

Equities6d ago

Kosmos Energy Completes Sale of Interests in Equatorial Guinea Production Assets to Panoro Energy

Kosmos Energy (KOS) said Wednesday it completed the sale of its interests in the Ceiba Field and Okume Complex production assets in Block G offshore Equatorial Guinea to Panoro Energy.The final cash consideration of the sale amounted to about $127 million. The company expects future contingent payments of up to roughly $40 million, subject to certain oil price and production thresholds.Kosmos intends to use the proceeds from the sale to repay borrowings under its reserves-based lending credit facility.

$KOS

Equities6d ago

Panoro Energy Closes Acquisition of Kosmos Energy Unit

Panoro Energy (PEN.OL) completed its purchase of a subsidiary of Kosmos Energy (KOS.L), which owns a 40.375% non-operated interest in Block G offshore Equatorial Guinea, for $127 million.The Norwegian oil and gas company's stake in Block G, which includes the producing Ceiba field and Okume Complex, increased to 54.625% from 14.25%, according to a Wednesday filing.

$KOS.L$PEN.OL

Equities6d ago

Venture Global Insider Sold Shares Worth $12,875,166, According to a Recent SEC Filing

Keith D Larson, General Counsel and Secretary, on June 15, 2026, sold 1,111,111 shares in Venture Global (VG) for $12,875,166.SEC Filing:https://www.sec.gov/Archives/edgar/data/2007855/000205085726000008/xslF345X05/primarydocument.xml

$VG

Equities6d ago

California Resources Prices $550 Million Private Offering of Senior Unsecured Notes

California Resources (CRC) said late Tuesday it is pricing a private offering of $550 million in aggregate principal amount of its 7.250% senior unsecured notes due 2035 at par.The notes will be guaranteed by all of California Resources' existing subsidiaries that guarantee its revolving credit facility, its 8.250% senior notes due 2029, and its 7.000% senior notes due 2034, and certain future subsidiaries, the company said.The offering is expected to close on June 26, subject to customary closing conditions.California Resources said it intends to use $541 million in net proceeds from the offering, along with borrowings under its revolving credit facility and cash on hand, to redeem all outstanding $550 million of its 2029 notes at a redemption price of 104.125%, plus accrued and unpaid interest until the redemption date.

$CRC

Equities6d ago

Market Chatter: Exxon Mobil Has Preliminary LNG Supply Deal With South Africa

Exxon Mobil (XOM) has a preliminary deal to supply liquefied natural gas to South Africa, Bloomberg reported Tuesday, citing people familiar with the matter.State utility Eskom Holdings will be poised to import gas at the proposed Zululand LNG terminal in Richards Bay, with the fuel destined for a 3,000-megawatt power plant nearby that has yet to be built, 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

Equities7d ago

Enbridge Finalizes Debt Exchange With Pipelines Unit

Enbridge (ENB) completed an exchange of all outstanding medium-term notes issued by its Enbridge Pipelines unit for an equal principal amount of newly issued Enbridge notes with identical financial termsThe transaction gives the pipeline unit more operating flexibility and delivers operational, structural and capital-markets benefits to both entities and former noteholders, Enbridge said Tuesday in a statement.

$ENB

Equities7d ago

California Resources Plans $550 Million Private Notes Offering

California Resources (CRC) said Tuesday it intends to sell $550 million of senior unsecured notes due 2035 through a private placement.The debt instruments will be backed by all existing and certain future units of the company that currently secure its credit line and other outstanding senior notes, the company said.Net proceeds from the sale, along with cash reserves or revolving credit borrowings, will be used to redeem its outstanding $550 million of 8.250% senior notes due 2029, California Resources said.Shares of the company were down 1% pre-bell Tuesday.

$CRC

Equities7d ago

AlphaValue/Baader Europe Downgrades Shell to Add, Reduces PT

AlphaValue/Baader Europe on Tuesday downgraded oil and gas company Shell (SHEL.L, SHELL.AS) to add from buy and reduced its price target to 38.51 pounds sterling from 42.84 pounds.(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)

$SHEL.L$SHELL.AS

Equities7d ago

AlphaValue/Baader Europe Downgrades Equinor to Reduce, Cuts PT

AlphaValue/Baader Europe on Monday downgraded oil and gas giant Equinor (EQNR.OL) to reduce from add and decreased its price target to 346 Norwegian kroner from 432 kroner.(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)

$EQNR.OL

Equities7d ago

Adnoc Distribution Renews Al Ramz Capital as Liquidity Provider

Abu Dhabi National Oil Co. For Distribution (DFM:ALRAMZ), d/b/a Adnoc Distribution, renewed Al Ramz Capital's (ADX:ADNOCDIST) appointment as liquidity provider for its shares, effective Wednesday.The investment company will continue to independently trade the fuel distributor's stock on the Abu Dhabi Securities Exchange within defined parameters, subject to regulatory approvals, according to a Tuesday release.

ADX:ADNOCDISTDFM:ALRAMZ

Equities7d ago

Shell Rating, Forecasts Updated as AlphaValue/Baader Europe Notes Commodity Price Changes

AlphaValue/Baader Europe updated its rating and earnings forecasts for Shell (SHEL.L, SHELL.AS) on Tuesday as it took into account a recalibrated commodity environment.The research firm changed its opinion on the British oil and gas giant's stock to add from buy, with a price target of 38.51 pounds sterling.Analysts also cut their 2026 EPS projection by 6.42% to $4.01, while that for 2027 was reduced by 9.21% to $4.09."We have lowered our benchmark EPS for 2026, 2027 and 2028, driven by the reduced Brent deck flowing through to upstream realised liquids prices," analysts wrote in a note. "We have updated our DCF to reflect the recalibrated commodity environment, with Brent at 87 $/bbl in 2026 (from 95), 72 $/bbl in 2027 (from 80) and 65 $/bbl in 2028 (from 75)."

$SHEL.L$SHELL.AS

Equities7d ago

Equinor to Double FY26 Stock Repurchase Program

Equinor (EQNR.OL) plans to double the size of its 2026 stock repurchase plan to $3 billion, according to a Tuesday release.The Norwegian energy company also provided range-based guidance of $2 billion to $4 billion per year for share buybacks in 2027 and onward.Equinor cautioned that the guidance is based on oil prices of $60 per barrel to $80 per barrel, European gas prices of $7 per metric million British thermal unit to $11 per mmbtu, balance sheet strength, and macro outlook.

$EQNR.OL

Equities7d ago

Market Chatter: Adnoc Reportedly Sells Minimum 30 Million Barrels of Crude in June

Abu Dhabi National Oil Co., or Adnoc, sold spot crude oil cargoes of at least 30 million barrels to Asian refiners over the past two weeks in June, Reuters reported Tuesday, citing unnamed trade sources.The state-owned oil group's sale reportedly consists of Das, Upper Zakum, and Umm Lulu cargoes to buyers in India, China, South Korea, Japan, and other trading houses. Some were priced at flat to slight premiums to Dubai benchmarks for loading between June and August.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.)

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Equities7d ago

Sable Offshore to Replace Exxon-Backed Loan With Up to $1 Billion Facility

Sable Offshore (SOC) launched a proposed senior secured term loan of up to $1 billion to refinance its existing secured term loan with Exxon Mobil (XOM), the company said Tuesday.Sable said proceeds from the new term loan and planned unsecured financing will be used to repay existing debt, cover transaction costs and meet performance bonding obligations.The company said it also plans to pursue additional unsecured capital markets financing.

$SOC$XOM

Equities7d ago

Moscow Oil Refinery Hit by Ukrainian Drones

An oil refinery in the Russian capital was struck by Ukrainian drones, causing fire and damage to a primary processing unit, according to Moscow Mayor Sergei Sobyanin's Tuesday statement on Telegram.The Ministry of Emergency Situations of Russia said the same day the fire at the Moscow Oil Refinery was completely extinguished, and the incident did not affect the plant's functioning.

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