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UBS Adjusts Price Target on Chevron to $220 From $218, Maintains Buy Rating

Chevron (CVX) has an average rating of overweight and mean price target of $211.87, 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://www..com/contact-us)

$CVX

Equities51d ago

Earnings Flash (HESM) Hess Midstream Posts Q1 EPS $0.68, vs. FactSet Est of $0.67

$HESM

Equities51d ago

Helix Energy Solutions Group Sells Shallow Water Abandonment Business for $107.5 Million

Helix Energy Solutions Group (HLX) said Monday it sold its Gulf-focused Shallow Water Abandonment business to C-Dive for $107.5 million in cash, subject to adjustments.The company said the deal, signed and closed May 1, follows its agreement with Hornbeck Offshore Services to combine and expand its offshore fleet and capabilities.Helix said the divestiture supports its shift toward deepwater operations, where the combined company aims to provide integrated subsea and marine transportation services across energy, defense and renewables.Shares of Helix Energy were up more than 1% in premarket activity Monday.

$HLX

Equities51d ago

JPMorgan Adjusts Price Target on Chevron to $224 From $216, Maintains Overweight Rating

$CVX

Equities51d ago

JPMorgan Adjusts Price Target on Exxon Mobil to $173 From $170, Maintains Overweight Rating

Exxon Mobil (XOM) has an average rating of overweight and mean price target of $165.04, 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://www..com/contact-us)

$XOM

Equities51d ago

Update: Market Chatter: Repsol to Sell 49% Stake in Spanish Renewables Portfolio to Masdar

(Updates to add Repsol's statement)Repsol (REP.MC) will sell a 49% interest in a 706-megawatt portfolio of renewable energy assets in Spain to Abu Dhabi Future Energy Co., d/b/a Masdar, Spanish newspaper Cinco Días reported Monday, citing unnamed sources.The Spanish oil and gas company expects to sign the agreement with the renewable energy company in the coming weeks, according to the report.The portfolio, dubbed the Minerva project, is valued at 850 million euros and comprises 13 wind farms and six solar parks.Repsol toldit has no comment on Cinco Días' 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.)

^FADGI$REP.MC

Equities51d ago

Barclays Adjusts Price Target on Chevron to $192 From $180, Maintains Equalweight Rating

$CVX

Equities51d ago

Market Chatter: Repsol to Sell 49% Stake in Spanish Renewables Portfolio to Masdar

Repsol (REP.MC) will sell a 49% interest in a 706-megawatt portfolio of renewable energy assets in Spain to Abu Dhabi Future Energy Co., d/b/a Masdar, Spanish newspaper Cinco Días reported Monday, citing unnamed sources.The Spanish oil and gas company expects to sign the agreement with the renewable energy company in the coming weeks, according to the report.The portfolio, dubbed the Minerva project, is valued at 850 million euros and comprises 13 wind farms and six solar parks.Repsol 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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Equities51d ago

Adnoc Boss Says UAE's OPEC, OPEC+ Departure Served National Interests

Abu Dhabi National Oil Co., or Adnoc, Chief Executive Sultan Al Jaber said the United Arab Emirates' decision to leave the Organisation of the Petroleum Exporting Countries served national interests and the country's long-term strategic objectives.Speaking at the Make It In The Emirates conference, Jaber said the move was "not a decision directed against anyone," adding that it would allow the country to accelerate investment, ⁠expand and create value, Reuters reported Monday.

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Equities51d ago

Equinor Extending Supplier Deals for Drilling, Well Services

Equinor (EQNR) is extending key supplier deals for drilling and well services with an aggregate value of about 17 billion Norwegian kroner ($1.83 billion), the company said Monday.It is exercising one-year options under three contracts for integrated drilling and well services, as well as two-year options under 18 company framework agreements for relevant specialist services.The company said the drilling and well services deals are valued at 8.3 billion kroner and were awarded to Baker Hughes (BKR), Halliburton (HAL) and SLB (SLB).The corporate framework agreements are pegged at 4.3 billion kroner per annum over two years, according to Equinor.The company's shares were up 1.5% in premarket activity.

$BKR$EQNR$HAL$SLB

Equities51d ago

Italgas Concludes Sale of Remaining Gas Distribution Activities for 2i Rete Gas Buy

Italgas (IG.MI) concluded the sale of the remaining two gas distribution activities in Campobasso and Frosinone, Italy, to a consortium comprising Plures, Estra, and Centria.The Italian gas distributor said Monday the 23.5 million-euro deal comprised 30,000 active redelivery points, networks, plants, related personnel, and net assets.The disposal process is in compliance with the Italian Competition and Market Authority's authorization for Italgas to buy 2i Rete Gas.

$IG.MI

Equities51d ago

Equinor Awards NOK17 Billion Deals for Drilling, Well Services on Norwegian Continental Shelf

Equinor (EQNR.OL) renewed major supplier contracts totaling 17 billion Norwegian kroner to support continued production on the Norwegian continental shelf.The agreements, awarded through corporate framework arrangements, cover drilling and well services as well as specialist services, the energy company said Monday.Baker Hughes Norge, Halliburton, and SLB Norge were awarded contracts for drilling and well services. These companies, along with 15 additional suppliers, also secured contracts for specialist services.The renewals form part of Equinor's strategy to sustain production at 1.2 million barrels of oil equivalent per day through 2035, with new wells expected to contribute about 70% of output by that time.

$EQNR.OL

Equities51d ago

Archer Wins NOK700 Million Agreement Extension from Equinor

Archer (ARCH.OL) extended its frame agreement with oil and gas giant Equinor (EQNR.OL) to provide TCP services, fishing, and downhole mechanical isolation services.The two-year extension is valued at 700 million Norwegian kroner, according to a Monday release from the Norwegian drilling and well services company.

$ARCH.OL$EQNR.OL

Equities51d ago

Next Geosolutions Lands Contract Expansion with Saipem

Italian oilfield services company Saipem (SPM.MI) expanded its 70 million-euro contract covering the Bouri Gas Utilisation project in North Africa with Next Geosolutions (NXT.MI).The marine geoscience and offshore construction services company said Monday the survey and installation support contract was increased by 4 million euros to 6 million euros, and covers the deployment of two specialized vessels for offshore touch down monitoring activities.Further, Rana Subsea's contract for specialized diving and installation services was increased by 25 million euros to 30 million euros, including the exercise of options and a new tender for further activities under the project.

$NXT.MI$SPM.MI

Equities51d ago

Magnora Wins 145-MW Data Center Projects in Norway

Magnora (MGN.OL) will establish two data centers in Norway, adding 145 megawatts to its gross portfolio.The first project involves a 95-megawatt data center in the country's southwestern region, according to a Monday release.The renewable energy group's remaining project, meanwhile, has a capacity of 50 megawatts and is located in the northwestern region of Norway.

$MGN.OL

Equities51d ago

BlueNord Mulls $350 Million Senior Bond Offering

BlueNord (BNOR.OL) plans to launch a five-year $350 million senior unsecured bond to refinance its existing BNOR16 $300 million senior unsecured bonds.The oil and gas company will also use the proceeds to partially repay its reserve-based lending facility and for general corporate purposes, according to a Monday release. The offering remains subject to market conditions.DNB Carnegie, Fearnley Securities and Pareto Securities will serve as joint bookrunners.

$BNOR.OL

Equities51d ago

Okeanis Eco Tankers Obtains $190 Million Financing for Vessel Purchases

Okeanis Eco Tankers (OET.OL) said Monday it secured three separate loan facilities totaling $190 million to support its acquisition of vessels.The tanker company secured a $90 million facility to partly fund the purchase of two new Suezmax vessels, expected to be delivered in May and July. The eight-year facility is subject to the secured overnight financing rate plus 120 basis points.The company also entered into two facilities of $50 million each from unnamed Greek lenders to finance its deal to buy back the Nissos Rhenia and Nissos Despotiko vessels. The seven-year Nissos Rhenia facility is expected to close in May with a SOFR plus 125 basis points, and the nine-year Nissos Despotiko facility is expected to close in June with a SOFR plus 130 basis points.

$OET.OL

Equities51d ago

Questerre Energy Completes $23.5 Million Sale of Interest in Canadian Assets

Questerre Energy (QEC.OL) completed the divestment of non-operated minority working interest in the Kakwa Central assets in Canada on May 1.The energy technology and innovation company said Monday it sold the assets for cash consideration of $23.5 million, alongside the assumption of decommissioning liabilities and commitments under firm transportation and processing contracts.

$QEC.OL

Equities51d ago

Adnoc Drilling Finalizes Purchase of 80% Stake in MB Petroleum Services JV

Adnoc Drilling (ADX:ADNOCDRILL) concluded the purchase of an 80% stake in drilling and oilfield services joint venture MB Petroleum Services with MB Holding Co.The deal, comprising 22 drilling and workover rigs, as well as production service units, was completed ahead of its mid-year timeline, according to a Monday release. The joint venture has operations in Oman, Kuwait, Saudi Arabia, and Bahrain.Adnoc Drilling expects the joint venture, with an enterprise value of $204 million, to be earnings, cash flow, and returns accretive.

ADX:ADNOCDRILL

Equities52d ago

Adnoc Awards AED200 Billion Contracts for Projects Until 2028

Abu Dhabi National Oil Co., or Adnoc, gave out contracts totaling 200 billion Emirati dirhams for its projects from 2026 to 2028, as part of its five-year capital expenditure plan.The awarded agreements at the Make it With ADNOC forum aim to boost the state-owned oil group's upstream and downstream operations, as well as its production capacity, according to a Sunday release.Additionally, the contracts also support the group's In-Country Value program and the United Arab Emirates' Make it in the Emirates initiative.

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