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Equinor makes small oil, gas discovery in Norway

BRIEF-Equinor makes small oil, gas discovery in Norway Sept 17 (Reuters) - NORWEGIAN OFFSHORE DIRECTORATE: OIL AND GAS DISCOVERY IN THE NORTH SEA 17/09/2024 EQUINOR AND ITS PARTNERS HAVE MADE AN OIL AND GAS DISCOVERY IN WILDCAT WELLS 15/3-13 S AND 15/3-13 A ON THE GUDRUN FIELD IN THE NORTH SEA PRELIMINARY ESTIMATES PLACE THE SIZE OF THE DISCOVERY B
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European oil & gas face worsening commodity environment, Berenberg says

BUZZ-European oil & gas face worsening commodity environment, Berenberg says ** Berenberg says European oil and gas companies are entering a tougher environment with materially worse outlooks for oil, gas/LNG and refining margins ** That will likely put pressure on sector earnings, cash flow and share buybacks in the coming quarters, it says ** Whi
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Banco, Shell, WH Smith

EUROPE RESEARCH ROUNDUP-Banco, Shell, WH Smith Sept 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Banco, Shell and WH Smith on Thursday. HIGHLIGHTS * ABN Amro Bank NV ABNd.AS : JP Morgan raises to neutral from underweight * Banco Bpm BAMI.MI : JP Morgan raises to neutral from underweight * Shell Plc SHEL.L : Berenberg cuts target price to 3,100p from 3,400p * UMG UMG.AS : Citigroup cuts target price to EUR 26 from EUR 29.50 *
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Moscow takes control over assets of Western companies

FACTBOX-Moscow takes control over assets of Western companies Adds Raiffeisen and Linde, updates Commerzbank Sept 6 (Reuters) - Kremlin has been seizing assets of some Western companies in Russia through decrees signed by President Vladimir Putin and court orders related to lawsuits over halted projects or blocked funds amid Western sanctions. Below is a list of the companies affected so far.
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Top of the Street: BMW, Volkswagen, OMV, IMCD, Barratt, Novartis

BUZZ-Top of the Street: BMW, Volkswagen, OMV, IMCD, Barratt, Novartis A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Exane BNP Paribas cuts BMW BMWG.DE to "neutral" from "outperform" and raises Volkswagen VOWG_p.DE to "outperform" from "neutral" citing the need for strong product flow and cost action as the automotive industry faces a new deflationary era, with premium mix peaking and growth increasingly reliant on emerging markets ** UBS raises Austria
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UBS raises OMV on improving chemicals, high distribution yield

BUZZ-UBS raises OMV on improving chemicals, high distribution yield ** UBS upgrades its rating of Austrian oil & gas firm OMV OMVV.VI to "buy" from "neutral" ** Brokerage cites improving fortune in its chemical branch, its high distribution yield and its defensive aspect in a downturn ** Chemicals environment has been a drag on earnings, says UBS *
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MS forecasts softer European oil & gas markets, favours Eni over peers

BUZZ-MS forecasts softer European oil & gas markets, favours Eni over peers ** Morgan Stanley forecasts a softer outlook for the European energy sector, favouring Eni ENI.MI , while expressing concern for Equinor EQNR.OL and Galp Energia GALP.LS , both downgraded to 'underweight' ** The broker sees downside risks due to weakening oil and gas market
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S&P revises Austria's credit rating outlook to positive, sees energy supply improvements

S&P revises Austria's credit rating outlook to positive, sees energy supply improvements Aug 24 (Reuters) - Credit rating agency S&P Global Ratings has revised Austria's outlook to positive from stable, citing the country's improving energy supply position and solid budgetary situation. "The positive outlook reflects the potential that Austria's energy supply position improves further while its economy remains robust over the next 24 months," S&P said in a statement late on Friday, affirming the
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OMV completes drilling of gas well in Norwegian Sea

OMV completes drilling of gas well in Norwegian Sea Aug 23 (Reuters) - Austria's OMV OMVV.VI has completed the drilling of a deepwater exploration gas well in the Norwegian Sea, the company said on Friday. The estimated recoverable volume is between 30 and 140 million barrels of oil equivalent (boe), OMV added in a statement. The well is located 300 kilometres west of mainland Norway and at a depth of 1.064 metres, it said.
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Equinor to resume Gullfaks C output

UPDATE 1-Equinor to resume Gullfaks C output Adds spokesperson in paragraphs 3-4, background in paragraphs 2, 5-6 OSLO, Aug 20 (Reuters) - Norway's Equinor EQNR.OL has begun work to resume output at its Gullfaks C oil and gas platform in the North Sea after a shutdown on Sunday, a company spokesperson said on Tuesday. The incident was caused by problems with one of the platform's wells, the company said late on Sunday, adding that the Gullfaks A and B platforms were running as normal.
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Equinor to resume Gullfaks C output

Equinor to resume Gullfaks C output OSLO, Aug 20 (Reuters) - Norway's Equinor EQNR.OL has begun work to resume output at its Gullfaks C oil and gas platform in the North Sea after a shutdown on Sunday, a company spokesperson said on Tuesday. Reporting by Nora Buli, editing by Terje Solsvik
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Production at Libya's Sharara oilfield rises to 85,000 bpd to supply refinery, sources say

UPDATE 1-Production at Libya's Sharara oilfield rises to 85,000 bpd to supply refinery, sources say Adds detail on field in paragraphs 4-5 LONDON, Aug 19 (Reuters) - Production at Libya's Sharara oilfield has risen to about 85,000 barrels per day in a move aimed at supplying the Zawia oil refinery, two engineers working at the field told Reuters on Monday.
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Med crude-Socar offers Azeri crude

Med crude-Socar offers Azeri crude LONDON, Aug 19 (Reuters) - Azerbaijan's state-controlled Socar offered a cargo of Azeri BTC crude in the afternoon trading window on Monday, while Russian Urals differentials were stable in thin trade. PLATTS WINDOW * Socar offered a cargo of BTC Azeri Light crude with Sept. 6-10 dates at dated Brent plus $2.85 CIF Augusta, but no buyers stepped forward.
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Equinor shuts production at Gullfaks C platform, evacuates some workers

UPDATE 1-Equinor shuts production at Gullfaks C platform, evacuates some workers Adds impact on gas production, quotes in 2-6 paragraphs OSLO, Aug 18 (Reuters) - Norway's Equinor EQNR.OL shut down production at its Gullfaks C platform in the North Sea on Sunday and evacuated some workers as a precaution following a well incident, a company spokesman said.
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Med crude-Differentials stable, CPC loadings steady in September

Med crude-Differentials stable, CPC loadings steady in September LONDON, Aug 16 (Reuters) - Mediterranean and Russian Urals crude differentials held steady on Friday, while CPC Blend loadings were pencilled in at 1.3 million bpd in September. * Total CPC Blend loadings across the month will reach around 4.9 million metric tons, according to Reuters calculations, using a conversion factor of 7.96 barrels per ton.
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Med crude-Med differentials hold steady in thin trade

Med crude-Med differentials hold steady in thin trade LONDON, Aug 15 (Reuters) - Mediterranean and Russian Urals crude differentials held steady on Thursday in thin trade. PLATTS WINDOW * No bids or offers were made for Urals, CPC Blend or Azeri BTC crude in the Platts window on Thursday. * On Wednesday, Austria's OMV had offered an 88,000 metric ton cargo with Sept.
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Med crude-CPC Blend offered lower

Med crude-CPC Blend offered lower LONDON, Aug 14 (Reuters) - Caspian light-sour CPC Blend was on offer in the Platts afternoon window on Wednesday, while maintenance further cut Libyan supply. * Libya's Waha oil company's production was reduced by 115,000 barrels per day due to maintenance on the pipeline pumping oil from the Waha field to Es Sider port, a company source told Reuters on Wednesday.
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Austrian gas regulator links higher gas prices with Ukraine transit speculation

Austrian gas regulator links higher gas prices with Ukraine transit speculation VIENNA, Aug 13 (Reuters) - A rise in gas prices across Europe in recent days probably has something to do with speculation regarding interruption of Ukraine transit but geopolitical risks in the Middle East also played a role, Austrian gas regulator E-Control said on Tuesday.
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Russian gas flows to Europe despite fighting

UPDATE 3-Russian gas flows to Europe despite fighting Regulators, companies, operators say no disruptions so far Austrian regulator says gas can be replaced but at higher cost Ministry says dependence on Russian gas carries high risk Adds new statement from E-Control in paragraph 6, energy ministry source in paras 8-9, bullet points By Alexandra Schwarz-Goerlich, Jan Lopatka and Nina Chestney VIENNA/PRAGUE, Aug 13 (Reuters) - Intense fighting between Ukrainian and Russian forces near a pipeline
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OMV says gas supply obligations covered in every scenario

OMV says gas supply obligations covered in every scenario VIENNA, Aug 13 (Reuters) - Austrian energy group OMV OMVV.VI said on Tuesday it could fulfil its natural gas supply obligations in any supply scenario and reported no irregularities in flows from Russia. All contract customers can be fully supplied with non-Russian gas, the company added in response to an emailed request for comment from Reuters.
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