Turkey’s state energy company Turkiye Petrolleri plans to sell up to $4 billion in Islamic debt amid a push to expand its oil and gas production, the firm’s first such international debt offering https://t.co/qnkXKB8jlc ...

Core Insights - DNO ASA has divested its 7.604 percent stake in the Ekofisk Previously Produced Fields (PPF) project to Orlen Upstream Norway AS while acquiring a 20 percent interest in license PL1135 and a 0.8272 percent interest in the Verdande field [1][2] Group 1: Divestment and Acquisition - The divestment of the Ekofisk PPF project aligns with DNO's strategy to optimize its North Sea portfolio and focus on increasing near-term cash flow with less expenditure [2] - DNO retains its 7.604 percent stake in PL018, which includes producing fields such as Ekofisk, Eldfisk, and Embla, as well as a share in the Tor Unit [3] - The acquisition of additional interests in the Verdande field increases DNO's total interest in the Verdande Unit to 14.8251 percent, which includes a 3.5 percent interest from a recent asset swap with Aker BP [3] Group 2: Future Developments - The Cassio prospect, located north of DNO-operated PL1086, is expected to have an exploration well drilled in late 2026 [4] - The Verdande field is in advanced development and is scheduled to start production later this year [3]

Well, thanks for u picking this up, Dan, and uh reaching out to us because we did issue a statement uh on our website today, an official statement to clarify that there was a misrepresentation by some media about our monthly market report which was issued I believe on the 12th of November last week. uh specifically regarding the messages and a narrative that was being created out of reading some of our numbers. For example, things related to the market being in a surplus next year 2026 according and the rep ...

Corporate Moves: Acquisitions, Succession, and IPOs - Johnson & Johnson (JNJ) announced a definitive agreement to acquire Halda Therapeutics for $3.05 billion in cash, aiming to expand its oncology portfolio, particularly in treatments for solid tumors and prostate cancer [5] - Apple (AAPL) is reportedly intensifying preparations for CEO Tim Cook's succession, with John Ternus, Senior Vice President of Hardware Engineering, considered the likely successor [6] - The Pinkfong Company (403850.KQ), creator of "Baby Shark," saw its shares surge 55% above its IPO price on debut, pricing its IPO at 38,000 won per share and raising 76 billion won ($53 million) [7] Geopolitical and Economic Policy Developments - The UK has raised its bank deposit guarantee to £120,000 from £85,000, effective December 1, to keep pace with inflation and maintain public confidence in the banking system [8] - U.S. sanctions on Russian oil majors Rosneft and Lukoil are effectively reducing Russian oil revenues, pushing crude prices to multi-year lows and expected to negatively impact Russian oil export volumes [10]

BP was responding to a release of refined products on the Olympic Pipeline System east of Everett, Washington, and had partially restored part of the system, the company said on Monday. ...

U.S. oil and natural gas drilling activity has continued to decline even as production reaches record highs, the U.S. Energy Information Administration (EIA) said on Monday. ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...

Core Insights - Petrobras is evaluating a reduction in capital expenditures (capex) for the 2026-2030 period to $106 billion, reflecting a cautious outlook amid volatile oil prices [1][2] - The proposed capex represents a 4.5% decrease from the previous allocation of $111 billion for 2025-2029, indicating a shift in financial strategy due to expectations of continued weakness in crude oil prices [2][3] - The company is recalibrating its oil price assumptions, considering a range of $60-$65 per barrel for the upcoming period, down from an initial assumption of $83 per barrel [3] Capital Spending Strategy - Petrobras' capital spending decisions are influenced by Brazil's political landscape, especially with upcoming presidential elections, which may increase pressure to enhance investments in infrastructure projects [4][5] - The company remains committed to focusing on the strategic development of exploration and production assets, particularly in the pre-salt fields off Brazil's coast [6][10] - Most of the proposed capex, approximately $91 billion, is earmarked for already approved projects, with $15 billion allocated for early-stage assets and exploration [12] Financial Management and Dividends - The reduction in capex may impact Petrobras' ability to pay dividends, but the company aims to balance financial health with shareholder expectations [7][8] - Petrobras has stated it will not raise its debt ceiling, currently set at $75 billion, reflecting a commitment to maintaining a stable financial structure while investing in critical energy infrastructure [13][14] - The cautious approach to capex and dividend policy positions Petrobras as a more resilient entity amid market volatility [8][14] Future Outlook - As Petrobras moves forward with its revised capital expenditure plans, it must remain agile in response to changing market dynamics, political pressures, and shareholder demands [15][16] - The company's strategic decisions will significantly impact both the Brazilian economy and global energy markets in the coming years [17]

About this content About Jonathan Jackson Jonathan Jackson is an experienced writer and editor. Over the past 20 years, he has worked in print and digital media across several business and finance titles amd is currently the Australian news editor at Proactive Investors covering the latest news for ASX listed companies as well as current financial trends. He was previously managing editor with Business First magazine, Wealth Creator Magazine and StocksDigital. Jonathan has interviewed some of the world's ...

A man pushes a tricycle loaded with LPG cylinders on the road below the Adani signage in Mumbai. US based Hindenburg Research firm's allegation on fraud by Adani Enterprise has sparked political debate in India by the opposition parties.India is ramping up its energy imports from the U.S. in a bid to reduce its trade surplus with Washington — a key demand of the Trump administration during trade negotiations with New Delhi.On Monday, Hardeep Singh Puri, Indian union minister of petroleum and natural gas, an ...