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Nel's President/CEO to Step Down

Nel (NEL.OL) said Monday that Håkon Volldal will step down as president and chief executive officer for another professional opportunity.Volldal has a six-month notice period and will remain in his role while the Norwegian hydrogen technology company begins its recruitment process for a new CEO.

$NEL.OL

Equities8d ago

IMF: Europe, Other Energy-importing Countries Hit Hard by Middle East War

Countries particularly hit the hardest by the war in the Middle East are those that are heavily dependent on energy imports and have limited policy space, according to the International Monetary Fund."More than three months into the war in the Middle East, the global economy appears to be holding up," IMF Managing Director Kristalina Georgieva said in a blog post published Monday. "But an overall resilient global picture masks significant disparities. Even among advanced economies, some countries and communities have been harder hit. And in Africa, the negative impacts are more conspicuous. Meanwhile, with the prolonged closure of the Strait of Hormuz and infrastructure in the Middle East damaged by the fighting, uncertainty and risks remain high."Georgieva noted that Europe, which heavily relies on imported oil and gas, is facing higher inflation due to increased energy prices. France, Italy and Germany are among the euro area countries that have logged an increase in inflation since the war began in February.

^DFMGI^FADGIFTSE 100^SSMI^SXXP^TASI

Equities8d ago

Market Chatter: Aviva Shareholders Said to Raise Concerns Over CEO's Board Role in BP

Two fund management firms with stakes in Aviva (AV.L) reportedly plan to question Chief Executive Officer Amanda Blanc about her time-consuming role as BP's (BP.L) senior independent director in their next meeting.The investors told The Times on Monday that there's a "cautionary tale" about taking nonexecutive positions and that Blanc, who is heading the search for the British oil giant's new chair, may be doing more than she bargained for due to former BP chair Albert Manifold's opposition to his ousting.Aviva 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.)

$AV.L$BP.L

Equities8d ago

Shell, BMW's Motorsport Division Extend Partnership

Shell (SHEL.L, SHELL.AS) extended its partnership with German luxury carmaker BMW's (BMW.F) BMW M Motorsport to focus on research and development.The oil and gas giant said Monday the partners will explore sustainable fluid technologies for both motorsport and passenger vehicles.Shell added that it will continue to support the BMW division's GT3 racing activities.

$BMW.F$SHEL.L$SHELL.AS

Equities8d ago

Peabody Energy Restructures Reclamation Bonding Arrangements, Removes Liquidity Covenant

Peabody Energy (BTU) said Monday it terminated its amended 2020 transaction support agreement with surety providers and entered into standard indemnification agreements to support its US mine reclamation obligations.The company said it also established asset-backed surety facilities for its Australian reclamation obligations, replacing cash-backed bank guarantees and cash deposits previously held by regulators.Peabody said the changes are expected to reduce overall reclamation collateral requirements and eliminate a minimum liquidity covenant.

$BTU

Equities8d ago

Market Chatter: Shell Nears Sale of Sprng Energy's India Business to Aditya Birla

Shell's (SHEL) Sprng Energy Indian renewable power business could be acquired by Aditya Birla Group, which has emerged as the frontrunner for the unit, Bloomberg reported Monday, citing people familiar with the matter.An agreement for the unit could be signed in the coming weeks, according to the report. Shell is seeking a valuation of around $1.8 billion for the unit, but terms could change, Bloomberg cited the sources as saying.A Shell representative told Bloomberg the company is in initial discussions with potential partners interested in Sprng Energy and that it is too early to comment on any outcome.Shell did not immediately reply to' request for comment. Aditya Birla declined to comment to Bloomberg and could not immediately be reached 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.)

$SHEL

Equities8d ago

Market Chatter: Shell Said to Near $2 Billion Deal for Sale of Indian Renewables Unit to Aditya Birla

Shell (SHEL.L, SHELL.AS) could reach a final agreement for the sale of its Sprng Energy unit to Aditya Birla Group in the coming weeks, Bloomberg News reported Monday, citing people familiar with the matter.The British oil and gas giant is asking $1.8 billion for the Indian renewable energy company, according to the sources, who added that talks are ongoing and terms may still change.Shell, Aditya Birla, and Sprng Energy did not immediately respond to requests 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.)

$SHEL.L$SHELL.AS

Equities8d ago

Ecopetrol Strikes Collective Bargaining Agreement With Oil Workers Union

Ecopetrol (EC) said Monday it has struck a new six-year collective bargaining agreement with the Colombian Oil Workers Union, effective Jan. 1, 2026.In addition, Ecopetrol said it has entered into 66 final agreements with other participating labor unions.According to EcoPetrol, the agreement provides improvements in working conditions and improved health and education benefits.The Oil Workers Union said that it will send a delegation to different regions of the country to inform members of the agreement's contents.

$EC

Equities8d ago

TotalEnergies, Masdar Receive EU Approval for Asia-Pacific Renewable Energy Joint Venture

The European Commission said Monday it has approved a joint venture between TotalEnergies (TTE) and Masdar focused on renewable energy projects in the Asia-Pacific region.The Commission said the transaction does not raise competition concerns because its impact on the European Economic Area is expected to be limited.

$TTE

Equities8d ago

Market Chatter: Adnoc Reportedly Starts Third Tender to Sell UAE Crude Oil

Abu Dhabi National Oil Co., d/b/a Adnoc, is said to have launched a tender for the sale of Upper Zakum, Umm Lulu, and Das oil cargoes for the June to August loading.Reuters reported Monday, citing trade sources, that the third tender will reportedly allow buyers to get up to 2 million barrels of crude on a free-on-board basis or a ship-to-ship transfer from the United Arab Emirates.The state-owned oil group 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

Equities8d ago

Social Buzz: Wallstreetbets Stocks Mostly Advancing Premarket Monday; Micron Technology, SpaceX to Open Higher

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly higher hours before Monday's opening bell.Micron Technology (MU) rose by 7.5% premarket, reversing a 1.4% decline from the previous session.Space Exploration Technologies (SPCX) advanced by 5.6% pre-bell, after a 19.2% rise from Friday's session. Space Exploration Technologies, known as SpaceX, debuted on Nasdaq Friday.Sandisk (SNDK) was 5.5% higher in premarket activity, after a 5.2% rise from the previous session.AST SpaceMobile (ASTS) rose by 4.7% pre-bell, swinging from a 15.5% fall at Friday's close.Rocket Lab (RKLB) advanced by 4.2% premarket, after closing Friday with a 10.8% decline.Nvidia (NVDA) was 2.1% higher in pre-bell activity, after a -/2% increase from the previous session.Microsoft (MSFT) was up 1.8% hours before market open, following a 0.1% increase at Friday's close.Bucking the trend, DTE Energy (DTE) was 0.1% lower pre-bell, swinging from a 1.1% increase at Friday's close.

$ASTS$DTE$MSFT$MU$NVDA$RKLB$SNDK$SPCX

Equities8d ago

Equinor Advances Johan Sverdrup Phase 4 After New Oil Finds

Equinor ASA (EQNR) said Monday it is advancing a fourth phase of development at the Johan Sverdrup field in the North Sea after new appraisal wells confirmed additional recoverable oil volumes in the area.The discoveries at Tonjer and Geitungen are estimated at 20-30 million barrels of oil equivalent and will be developed through a subsea tieback to existing infrastructure at Norway's largest oil-producing field, it said.The company said the project will help sustain long-term production while keeping costs and emissions low by leveraging existing facilities. First output from the new phase is expected around 2029, subject to a final investment decision, it added.

$EQNR

Equities8d ago

Raymond James Adjusts PT on Devon Energy to $66 From $72, Maintains Strong Buy Rating

Devon Energy (DVN) has an average rating of buy and mean price target of $61.27, 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)

$DVN

Equities8d ago

Axis Capital Upgrades Oil and Natural Gas to Reduce from Sell; Price Target is INR230

Oil and Natural Gas (NSE:ONGC, BOM:500312) has an average rating of overweight and mean price target of 313.19 Indian rupees, 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)

BOM:500312NSE:ONGC

Equities8d ago

Keyera Providing Business Update and 2029 Growth Outlook Following Completion of Plains' NGL Acquisition

$KEY.TO

Equities8d ago

Reabold Resources Confirms All-share Takeover Offer for Union Jack Oil

Reabold Resources (RBD.L) confirmed talks for an all-share takeover offer for oil and gas company Union Jack Oil (UJO.L).The oil and gas sector-focused investor said Monday that a potential deal would create a group with "greater scale, superior access to capital and other compelling operating efficiencies."Under takeover rules, the bidder has until July 13 to announce a firm offer intention or walk away.

$RBD.L$UJO.L

Equities8d ago

Quantum Helium Confirms Helium, Oil Potential at Sagebrush-1 Well in US

Quantum Helium (QHE.L) on Monday confirmed the presence of helium-bearing gas, reservoir connectivity, and commercial oil production at the Leadville Formation at the Sagebrush-1 well in Colorado, US.The helium, hydrogen, and hydrocarbon company's update follows the completed extended production test in the area, which confirmed helium concentrations of 2.5%, compared with typical industry concentrations of 0.3% to 1.0%. The company also identified commercial oil production at a depth of between 7,250 feet and 7,360 feet, with potential rates of up to 40 barrels per day gross to working interest.Quantum Helium will carry out additional perforation and completion modifications to improve reservoir exposure.

$QHE.L

Equities8d ago

Union Jack Oil Confirms Takeover Proposal from Reabold Resources

Union Jack Oil (UJO.L) received a nonbinding indicative offer from oil and gas projects investor Reabold Resources (RBD.L) for a possible all-share proposal.The British oil and gas company said Monday it reviewed the potential offer for its entire share capital and provided due diligence access to Reabold.It noted that there is no certainty that the offer will proceed.

$RBD.L$UJO.L

Equities8d ago

Equinor Advances North Sea Oilfield Development Following New Oil Discoveries

Equinor (EQNR.OL) is advancing plans for phase 4 of the Johan Sverdrup oilfield in the North Sea, following recent appraisal drilling that confirmed additional oil resources in the Tonjer and Geitungen areas.The Norwegian energy company and its partners plan to develop the new volumes through a subsea development tied back to existing infrastructure on Johan Sverdrup. Preliminary estimates for Tonjer and Geitungen are between 20 and 30 million barrels of oil equivalent, according to a Monday release.The project is being matured toward an investment decision, with production expected to potentially start in 2029.Equinor holds a 42.62% stake in Johan Sverdrup, Aker BP (AKRBP.OL) owns 31.57%, Petoro holds 17.36%, and TotalEnergies (TTE.PA, TTE.L) has 8.44%.

$AKRBP.OL$EQNR.OL$TTE.L$TTE.PA

Equities8d ago

Gasco's Board Raises H1 Dividend

National Gas and Industrialization Holding Co. (SASE:2080), d/b/a Gasco's, board decided to distribute a cash dividend of 1.5 Saudi riyals per share for the first half, according to a Monday release.The liquefied petroleum gas retailer will pay the dividend on Sept. 10 to shareholders on record as of Aug. 23. It paid 1.15 riyals per share in the year-ago period.

SASE:2080

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