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Zephyr Energy to Launch Approval Process to Ship Gas from US Project

Zephyr Energy (ZPHR.L) plans to commence the process to secure regulatory approval for transporting gas from its oil and gas project in Paradox Basin in the US state of Utah.The oil and gas company said Tuesday the gas pipeline at the project was completed, enabling it to initiate the approval process for gas shipping.

$ZPHR.L

Equities62d ago

Equinor Names Jarle Roth Board Chair

Equinor (EQNR) said late Monday that its corporate assembly elected Jarle Roth to serve as chair of the board beginning July 1, following the departure of Jon Erik Reinhardsen.The newly elected shareholder representatives will serve until the scheduled board election in June 2027.

$EQNR

Equities62d ago

Vaalco Energy Restarts Production at Oil, Gas Field in Offshore Côte d'Ivoire

Vaalco Energy (EGY.L) said Tuesday it resumed production at the Baobab field on the CI-40 block in offshore Côte d'Ivoire, following the completion of refurbishment work on the Baobab Ivoirien floating production, storage and offloading vessel.The FPSO ceased hydrocarbon operations in January 2025 and underwent a nine-month refurbishment program in Dubai, United Arab Emirates, before returning to Côte d'Ivoire early in the second quarter of 2026.The London-listed oil and gas company said it resumed production from four producing wells, with the remaining three producers expected to come online in the near term.

$EGY.L

Equities62d ago

Vallourec Partners with Ultra Corpotech to Distribute VAM Products in India

Vallourec (VK.PA) said Tuesday it is collaborating with Ultra Corpotech to improve the distribution of its VAM products, particularly in India.The partnership is outlined in a memorandum of understanding that is planned to be implemented in late 2026 and commissioned in early 2027. The deal is expected to facilitate the establishment of local production for VAM products in India, the French steel tubes manufacturer noted.

$VK.PA

Equities62d ago

Afentra Raises GBP2 Million Via Wrap Retail Offer

Afentra (AET.L) raised 2 million pounds sterling in gross proceeds through an oversubscribed Wrap retail offer alongside a share placing.The upstream oil and gas company will issue a total of 2,985,074 Wrap retail offer shares at the issue price, according to a Tuesday filing.Afentra said it raised $40 million in gross proceeds through a firm placing and a conditional placing of shares.

$AET.L

Equities62d ago

Hunter Group Says Disputed Charter Hire Claims Rise to $28.2 Million

Hunter Group (HUNT.OL) said Tuesday that one of its long-term charter counterparties underpaid time charter hire by $10.4 million for May, continuing a dispute over contractual payment obligations.The latest shortfall increased the total disputed amount to $28.2 million, plus accrued interest. The counterparty had previously made reduced payments for March and April.The maritime and energy-focused investor said it considers the counterparty to be in breach of contract and will protect its contractual rights.

$HUNT.OL

Equities62d ago

AlphaValue/Baader Lifts EPS Forecasts for Energy Services Group GTT on New Projects Sanctions

AlphaValue/Baader Europe upgraded its earnings expectations for Gaztransport & Technigaz (GTT.PA), d/b/a GTT, citing recently sanctioned projects and the absence of one-off losses."We have raised our EPS estimates for 2026, after calibrating revenues and EBITDA at the top of guidance: revenue of EUR780M (range EUR740-780M) and EBITDA of EUR530M (range EUR490-530M, margin of ~68%), consistent with recently sanctioned GTT projects and the absence of non-recurring items," analysts said Monday. "For 2027-2028, we have extended this trend, as strong [liquefied natural gas] demand and solid commercial conversion support activity; we have also factored in a positive financial result once again, in line with the +EUR9.0M generated in 2025 on net cash of approximately EUR350M."As such, EPS estimates were increased by 7.01% to 12.1 euros for 2026 and by 2.47% to 12.2 euros for 2027.The French liquefied gas transport and storage group's stock is rated add with a price target of 228 euros.

$GTT.PA

Equities62d ago

Ades Holding's Board Proposes Capital Raise via Bonus Share Issue

The board of Ades Holding (SASE:2382) recommended raising the company's capital to 2.26 billion Saudi riyals from 1.13 billion riyals through the issue of bonus shares.The drilling services company said Tuesday that the increase will be done through the issue of one bonus share for every share held. The company will fund the capital boost by capitalizing 1.13 billion riyals from its share premium account.Ades Holding added that the move is subject to regulatory and shareholder approvals.

SASE:2382

Equities62d ago

Market Chatter: BP Investors Call for More Details After Sacking of Chair Over Conduct Concerns

BP (BP.L) investors are asking for more details from the company after it fired Albert Manifold as chair over "unacceptable conduct," London's Financial Times reported Tuesday, citing shareholders of the energy giant.The oil and gas company fired Manifold in May. One unnamed investor told FT many shareholders are concerned about whether the former chair's aggressive push for change prompted the ousting. Meanwhile, investors who spoke with BP noted that they are seeking clarity amid a promise to continue with Manifold's strategy of streamlining the company.A person close to the company added that full details of the decision could not be disclosed to remain fair to the complainants, according to the report.BP 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.)

$BP.L

Equities62d ago

TGS Wins European Offshore Data Acquisition Contract

Energy sector data and intelligence provider TGS (TGS.OL) won an offshore wind site characterization contract in Europe.The Norway-listed company said Tuesday the Ramform Vanguard will commence data acquisition in early August under the three-week contract.

$TGS.OL

Equities62d ago

Equinor Elects New Chair

Equinor (EQNR.OL) elected Jarle Roth as its new chair during its corporate assembly held on Monday, according to a same-day release.Roth will succeed Jon Erik Reinhardsen, who decided to resign. The Norwegian energy company also reelected Anne Drinkwater as deputy chair.

$EQNR.OL

Equities62d ago

Market Chatter: Adnoc Reportedly Launches Second Tender to Sell Crude Oil from UAE

Abu Dhabi National Oil Co., d/b/a Adnoc, reportedly launched a second tender to sell Upper Zakum, Umm Lulu, and Das crude cargoes for June to August loading.The tender, set to close on Thursday, marks the state-owned oil group's second this week and allows buyers to bid for up to 2 million barrels of oil, Reuters reported Monday, citing trade sources.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

Equities62d ago

New Zealand Advances First LNG Import Terminal Despite Higher Global Gas Prices

New Zealand will move forward with plans for its first liquefied natural gas import terminal, with the government saying the project remains the fastest and most affordable way to bolster energy security despite higher global gas prices caused by the Iran conflict, Bloomberg reported Monday.Energy Minister Simeon Brown said officials are advancing two bidders to the next stage of the process for a terminal in the Taranaki region, targeted to begin operations in 2027 or early 2028.The project is intended to provide backup power during periods of low hydro, wind and solar generation as New Zealand's domestic gas supplies decline, the report said.

Equities62d ago

Judge Reportedly Blocks Trump's $100,000 H-1B Visa Fee

US District Judge Leo Sorokin on Monday blocked a $100,000 fee that President Donald Trump imposed for H-1B visa applications, according to media reports.The fee represents an unlawful tax and must be vacated, the judge reportedly said.

Equities62d ago

Judge Reportedly Blocks Trump's $100,000 H-1B Visa Fee

Equities62d ago

Netanyahu Says Israel to Hold Fire in Iran for Now, Bloomberg Reports

Equities62d ago

Shell Launches Exchange Offers for Outstanding Unregistered Notes

Shell (SHEL.L, SHELL.AS) initiated exchange offers for six series of outstanding notes issued by Shell Finance US that are not registered under the US Securities Act of 1933.The tendered securities, which are fully guaranteed by the British energy giant, will be exchanged for new registered notes with "substantially identical" terms, according to a Monday filing. The offer will expire on July 8.The transaction covers the outstanding $920.7 million of 3.875% notes due 2028, $2.06 billion of 6.375% notes due 2038, $802.1 million of 5.500% notes due 2040, $691.2 million of 5.125% notes due 2041, $993.7 million of 3.125% notes due 2049, and $876.8 million of 3% notes due 2051.

$SHEL.L$SHELL.AS

Equities63d ago

Alliance Resource Partners to Buy Certain AllDale Minerals Interests for $206.2 Million

Alliance Resource Partners (ARLP) said Monday it has agreed to acquire certain general partner and limited partner interests in AllDale Minerals III and AllDale Minerals IV for approximately $206.2 million.The diversified natural resource company said the deal implies a combined gross valuation of approximately $410.0 million for AllDale III and IV.It also said the general partner and limited partner interests being sold are valued at approximately $306.2 million, of which $206.2 million will be acquired by Alliance Resource Partners, and $100 million will be acquired by related parties of the company's Chairman, President, and Chief Executive Officer Joseph W. Craft III.The transaction is expected to close in July, subject to customary closing conditions. The terms were approved by the conflicts committee of the board of directors of Alliance Resource Partners' general partner, the company said.Units of Alliance Resource Partners were recently up nearly 2% on Monday.

$ARLP

Equities63d ago

Devon Energy Reports Strong Early Tender Results for Senior Notes

Devon Energy (DVN) reported Monday that between 66% and 98% of notes across seven bond series were tendered early.Almost 98% of 5.90% senior notes due 2055 were tendered, with about $733.3 million of the $750 million of outstanding principal being tendered early, followed by 93% of 5.60% senior notes due 2034, the company said.Aside from the early tender of nearly 66% of senior notes issued by Coterra Energy Operating, the remaining series were tendered early by no less than 85%, the company said.Shares of Devon Energy were up 2% pre-bell.

$DVN

Equities63d ago

Market Chatter: Adnoc Sells UAE Crude Oil to Refiners in Asia

Abu Dhabi National Oil Co., d/b/a Adnoc, sold at least 14 million barrels of crude oil from the United Arab Emirates during a tender process that wrapped up last week, Bloomberg News reported Monday, citing traders familiar with the matter.The unnamed sources said refiners from Asia won the tender, with another round expected to close this week. The traders noted that most of the oil was sold at premiums of just a few dollars to the Dubai benchmark. The batch being sold this week is also expected to trade at similar terms.The volumes will load from June through August, with pick-ups possible from locations that will not require passage through the Strait of Hormuz, which closed amid the Iran war.State-owned 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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