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Lansdowne Oil & Gas to Acquire Graphite Project in Brazil

UK-listed oil and gas company Lansdowne Oil & Gas (LOGP.L) agreed to acquire São Gabriel Mineração, developer of the Macaubas graphite project in Brazil.The project consists of two tenements, exploration licenses 870.511/2019 and 870.512/2019, which cover 2,805 hectares of land, according to a Thursday filing. The exploration licenses will expire Aug. 30, 2027, with the potential for extension.The deal remains subject to shareholder approval at the annual general meeting on May 26.

$LOGP.L

Equities54d ago

Hudbay Minerals Achieved Record Q1 Revenue of US$757.3M

$HBM.TO

Equities54d ago

Clontarf Energy Looks to Tap Bolivia for Brine

Clontarf Energy (CLON.L) plans to source brine from Bolivia for processing in India, according to a Friday filing.The lithium brine and oil-and-gas exploration and production company intends to enter a deal with state-owned Yacimientos de Litio Bolivianos to secure bulk samples from the Coipasa and Uyuni brine deposits.

$CLON.L

Equities54d ago

Lansdowne Oil & Gas Raises GBP1.9 Million in Equity Fundraising

Lansdowne Oil & Gas (LOGP.L) raised 1.9 million pounds sterling after completing an equity fundraising by placing 1.9 billion shares.The UK-listed oil and gas company said Thursday that it is also applying for its new ordinary shares of 0.0005 pounds each to be readmitted to trading on the London bourse's AIM.

$LOGP.L

Equities54d ago

Fitch Confirms Vallourec's Rating Amid Strong Market Position; Outlook Stable

Fitch on Thursday affirmed Vallourec's (VK.PA) BBB- long-term issuer default rating with a stable outlook.The French steel tubes manufacturer's ratings mirror its conservative financial policy, key production hubs and value-enhancing strategy, among others.The action also incorporates the company's strong position in the seamless tubes market, focus on value over volume, ongoing cost reduction and footprint optimization measures.

$VK.PA

Equities54d ago

Star Energy Raises GBP9 Million Via Share Placing

Oil and gas company Star Energy (STAR.L) conditionally raised 8.5 million pounds sterling in gross proceeds through a share placing, and announced a retail offer.The retail offer is expected to raise gross proceeds of up to 600,000 pounds, with up to 4 million new shares being offered at 0.15 pound apiece. The results are due on May 7, according to a Friday filing.Zeus Capital is serving as Star Energy's nominated adviser, broker and bookrunner. VSA Capital is the agent for the placing.

$STAR.L

Equities54d ago

Dana Gas Fully Settles Overdue Receivables with Egyptian Government

Dana Gas (ADX:DANA) received an additional payment of $20 million from the Egyptian government.The natural gas company said Friday the new payment, along with a previous payment of $50 million in December 2025, marks the full settlement of all overdue receivables in Egypt.

ADX:DANA

Equities54d ago

Kistos Prices $300 Million of Senior Secured Bonds

London-listed energy company Kistos (KIST.L) priced its $300 million senior secured bonds at par issued to investors across the Nordics, the UK, and other geographies.The bonds carry a coupon of 9.875% per year and mature in four years, according to a Friday filing. The release of the proceeds remains subject to the company's acquisition of certain blocks in Oman.Kistos plans to use the proceeds to redeem its existing Norwegian bonds and for general corporate purposes.

$KIST.L

Equities54d ago

Subsea 7 Alliance Secures Contract with ExxonMobil for Project Offshore Angola

Subsea 7 (SUBC.OL) said Thursday its Subsea Integration Alliance with SLB OneSubsea secured a contract for an ExxonMobil project offshore Angola.The engineering, procurement, construction, and installation contract is valued between $150 million and $300 million. It will involve work on a subsea tie-back linked to the redevelopment of the Likembe project in Block 15.The Norwegian subsea engineering group will oversee project management and engineering under the contract, while its partner SLB OneSubsea will execute the umbilical scope.

$SUBC.OL

Equities54d ago

BP Reports Partial Power Outage at US Refinery

Certain units at BP (BP.L) Whiting Refinery in Indiana, US, briefly lost electric power on Sunday night.The oil and gas company said in an emailed statement on Thursday that power was quickly restored, with the issue attributed to electrical systems. It added that the power interruption was not due to the operator's actions.The statement comes after media speculation regarding the event and its impact on gas prices. BP said it does not speculate on market pricing or set oil prices.

$BP.L

Equities54d ago

Sable Offshore CEO Awarded $76 Million Despite No Oil Sales in 2025

Sable Offshore (SOC) awarded Chief Executive Jim Flores a $76 million compensation package in 2025, according to a regulatory filing on Thursday.This was despite the California oil driller not selling any crude during the year, Bloomberg reported.The package was largely driven by more than $69 million in stock awards, along with a $1.3 million salary and a $3.9 million bonus, according to the regulatory filing.Flores earned $1.7 million in 2024 with no stock awards.

$SOC

Equities54d ago

Iran Leader Defies US Blockade as Oil Prices Hit Four-Year High

Iran's supreme leader Mojtaba Khamenei said Thursday the United States had suffered a "disgraceful defeat," rejecting Donald Trump's warning that a naval blockade could remain in place for months, AFP reported.Oil prices briefly surged to a four-year high amid escalating tensions before easing, as Iran maintained control over shipping in the Strait of Hormuz following the outbreak of conflict in February.In a statement read on state television, Khamenei said a "new chapter" was unfolding for the Persian Gulf and claimed regional powers no longer needed outside intervention, warning foreign actors had "no place" in the region.The US imposed a blockade on Iranian ports two weeks ago and is now working to build an international coalition to ensure safe passage through Hormuz while sustaining pressure on Tehran, a State Department official told AFP.

Equities54d ago

Mercuria Files Lawsuit Against Baltic Exchange Over TD3C Shipping Benchmark

Mercuria Energy Group said it has filed a lawsuit in London's High Court against Baltic Exchange Information Services, alleging distortion of a key oil shipping benchmark, Bloomberg reported on Thursday.The dispute centers on the TD3C route, which tracks the cost of shipping crude from the Middle East to China.Mercuria said the rate "no longer accurately or reliably represents the underlying market it is intended to measure," according to the claim form seen by Bloomberg, adding that the impact has led to losses estimated in the "hundreds of millions of US dollars."The Baltic Exchange, owned by Singapore Exchange, publishes freight rates widely used in global oil markets and derivatives trading.

Equities54d ago

Excelerate Energy Keeps Quarterly Dividend at $0.08 a Share, Payable June 4 to Stockholders of Record May 20

$EE

Equities55d ago

Saudi Industrial Investment Posts Jump in Q1 Attributable Profit, Operational Profit

Saudi Industrial Investment Group (SASE:2250) said Thursday its estimated attributable net profit and operational profit for the first quarter jumped year over year.Net profit attributable to shareholders of the issuer for the three months ended March 31 was 252 million Saudi riyals, compared with 18 million riyals earlier. EPS moved to 0.38 riyal from 0.02 riyal.The Tadawul-listed petrochemical industry-focused investor's operational profit was 252 million riyals, compared with 20 million riyals a year ago.

SASE:2250

Equities55d ago

JHI Associates Secures Interim Court Order for Shareholder Meeting Linked to Eco Bid

The Ontario Superior Court of Justice (Commercial List) granted an interim order allowing JHI Associates to convene a shareholders' meeting to vote on the plan of arrangement relating to Eco (Atlantic) Oil & Gas' (ECO.L) proposed takeover.As such, JHI has set its annual and special shareholders' meeting for May 12, according to a Thursday filing. If approved by shareholders, JHI will seek the court's final sanction on the arrangement on May 15, with completion expected by the end of the third quarter, subject to customary closing conditions and regulatory approvals.On March 11, the oil and gas company entered into a binding agreement to acquire the remaining JHI shares it does not own through an exchange ratio of 0.7054 Eco share for each JHI share.

$ECO.L

Equities55d ago

PBF Energy Q1 Adjusted Loss Narrows, Revenue Rises; Declares Dividend

PBF Energy (PBF) reported a Q1 adjusted loss Thursday of $0.88 per diluted share, narrowing from a loss of $3.09 a year earlier.Analysts polled by FactSet expected a loss of $0.80.Revenue for the quarter ended March 31 was $7.90 billion, up from $7.07 billion a year earlier.Analysts surveyed by FactSet expected $7.32 billion.The company announced a quarterly dividend of $0.275 per share, payable on May 29 to shareholders of record on May 14.Shares of PBF were down 3.2% in Thursday premarket activity.

$PBF

Equities55d ago

Earnings Flash (PUMP) ProPetro Posts Q1 Loss $0.03 a Share, vs. FactSet Est of $0.11 Loss

$PUMP

Equities55d ago

Morgan Stanley Lifts Price Target on Phillips 66 to $180 From $174, Keeps Overweight Rating

Phillips 66 (PSX) has an average rating of overweight and mean price target of $185.11 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)

$PSX

Equities55d ago

Update: -- Parex Resources Announcing Preliminary Q1 Results; Expects To generate FFO of US$114 million and FFO per share of $1.18

$PXT.TO

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