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BP weighs sale of minority stake in offshore wind business, sources say

RPT-EXCLUSIVE-BP weighs sale of minority stake in offshore wind business, sources say repeats Thursday story, no changes CEO seeks to scale back focus on renewables, sources say BP seeks to reduce spending in offshore wind, sources say Company has projects in Britain, UK, Germany and Asia By Andres Gonzalez and Ron Bousso LONDON, Oct 17 (Reuters) - BP BP.L is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest eff
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BP weighs sale of minority stake in offshore wind business, sources say

EXCLUSIVE-BP weighs sale of minority stake in offshore wind business, sources say CEO seeks to scale back focus on renewables, sources say BP seeks to reduce spending in offshore wind, sources say Company has projects in Britain, UK, Germany and Asia Adds graphic, shares, clarifies sourcing in bullets, paragraph 9, 10 on goals By Andres Gonzalez and Ron Bousso LONDON, Oct 17 (Reuters) - BP BP.L is considering selling a minority stake in its offshore wind business, according to four sources with
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North Sea Crude-WTI Midland offered lower

North Sea Crude-WTI Midland offered lower LONDON, Oct 17 (Reuters) - US WTI Midland was offered lower in the Platts window on Thursday, while North Sea grades Forties and Ekofisk held steady on the day amid lacklustre selling interest. PLATTS WINDOW * Indications are on a free-on-board (FOB) basis unless marked as cost, insurance, and freight (CIF) or delivered at place (DAP).
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BP weighs sale of minority stake in offshore wind business, sources say

EXCLUSIVE-BP weighs sale of minority stake in offshore wind business, sources say CEO seeks to scale back BP's focus on renewables BP seeks to reduce its spending in offshore wind Company has projects in Britain, UK, Germany and Asia By Andres Gonzalez and Ron Bousso LONDON, Oct 17 (Reuters) - BP BP.L is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest effort by CEO Murray Auchincloss to scale back the energy c
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Big oil cash return resilience in spotlight for 2025 - BofA

LIVE MARKETS-Big oil cash return resilience in spotlight for 2025 - BofA STOXX 600 up 0.6% TSMC beat, earnings provide support ECB in focus Banks lead gainers Nasdaq futures rise Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com BIG OIL CASH RETURN RESILIENCE IN SPOTLIGHT FOR 2025 - BOFA When it comes to Big Oil, Bank of America is on a quest for cash return resilience - understand
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North Sea Crude-Forties flips to a discount

North Sea Crude-Forties flips to a discount LONDON, Oct 16 (Reuters) - North Sea Forties crude differentials fell to a discount to benchmark dated Brent on Wednesday, while Ekofisk traded in line with previous offer levels in the Platts window. PLATTS WINDOW * Indications are on a free-on-board (FOB) basis unless marked as cost, insurance, and freight (CIF) or delivered at place (DAP).
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EU champions’ hope will slam into hard M&A reality

BREAKINGVIEWS-EU champions’ hope will slam into hard M&A reality The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 16 (Reuters Breakingviews) - Brussels wants European companies to join together and compete with U.S. and Chinese rivals. In many cases, however, national politicians and investors may have different ideas.
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Norway court rejects environmental injunction against oil and gas fields

UPDATE 2-Norway court rejects environmental injunction against oil and gas fields Adds court ruling in paragraphs 7-8, background in paragraphs 2, 6, 9-10 OSLO, Oct 14 (Reuters) - A Norwegian appeals court said on Monday it had ruled in favour of the government in a case brought by environmental activists who sought to halt the development of three oil and gas fields.
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Norway appeals court rejects environmental injunction against three oil and gas fields

Norway appeals court rejects environmental injunction against three oil and gas fields OSLO, Oct 14 (Reuters) - A Norwegian appeals court said on Monday it had ruled in favour of the government in a case brought by environmental activists seeking a temporary injunction against the development of three oil and gas fields. Reporting by Terje Solsvik,
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MS ups Equinor as stronger gas prices provide support

BUZZ-MS ups Equinor as stronger gas prices provide support ** Morgan Stanley raises Equinor EQNR.OL to "equal-weight" from "underweight", saying resilience in European gas prices heading into the winter season should provide near-term support to the company's shares ** The broker notes that stronger-than-expected gas prices provide a tailwind for t
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Bunzl, Equinor ASA, L'Oreal

EUROPE RESEARCH ROUNDUP-Bunzl, Equinor ASA, L'Oreal Oct 14 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bunzl, Equinor ASA and L'Oreal, on Monday. HIGHLIGHTS * Adidas AG ADSGn.DE : UBS raises target price to EUR 279 from EUR 275 * Bunzl BNZL.L : JP Morgan raises to overweight from neutral * Equinor ASA EQNR.OL : Morgan Stanley raises to equal weight from underweight * L'Oreal OREP.PA : Citigroup cuts target price to EUR 420 from
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Norway's Equinor remains committed to Tanzania LNG project

UPDATE 1-Norway's Equinor remains committed to Tanzania LNG project Adds background and quote, paragraphs 2-5 CAPE TOWN, Oct 8 (Reuters) - Norway's Equinor EQNR.OL remains committed to a $42 billion liquefied natural gas (LNG) project in Tanzania that has stalled after proposed government changes to a financial agreement reached last year, a senior company executive said on Tuesday.
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Norway's Equinor remains committed to Tanzanian LNG project

Norway's Equinor remains committed to Tanzanian LNG project CAPE TOWN, Oct 8 (Reuters) - Norway's Equinor EQNR.OL remains committed to a $42 billion liquefied natural gas (LNG) project in Tanzania that has stalled after proposed government changes to a financial agreement reached previously, a senior company executive said on Tuesday. Reporting by
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Avanza Bank, Equinor, FD Technologies

EUROPE RESEARCH ROUNDUP-Avanza Bank, Equinor, FD Technologies Oct 8 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Avanza Bank , Equinor and FD Technologies, on Tuesday. HIGHLIGHTS * Avanza Bank AVANZ.ST : JP Morgan raises target price to SEK 191 from SEK 190 * Equinor EQNR.OL : HSBC cuts target price to NOK 290 from NOK 302 * FD Technologies Plc FDPF.L : Peel Hunt raises target price to 1,819p from 1,361p * HSBC Holdings Plc HSBA.
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Asia Morning Call-Global Markets

UPDATE 1-Asia Morning Call-Global Markets Oct 8 (Reuters) - Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 8205.4 55.4 NZX 50** 12596.87 -23.0700 DJIA** 42085.08 -267.67 NIKKEI** 39332.74 697.12 Nasdaq** 18052.28 -85.569 FTSE** 8303.62 22.99 S&P 500** 5724.26 -26.81 Hang Seng** 23099.78 362.91 SPI 200 Fut 8259 22 STI** 3599.19 10.06 SSEC** 3336.4974 248.9688 KOSPI** 2610.38 40.67 ---------------------------------------------------------------------------------------- Bonds Net Chng
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Asia Morning Call-Global Markets

Asia Morning Call-Global Markets Oct 8 (Reuters) - Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 8205.4 55.4 NZX 50** 12596.87 -23.0700 DJIA 42085.08 -267.67 NIKKEI** 39332.74 697.12 Nasdaq 18052.28 -85.569 FTSE** 8303.62 22.99 S&P 500 5724.26 -26.81 Hang Seng** 23099.78 362.91 SPI 200 Fut 8259 22 STI** 3599.19 10.06 SSEC** 3336.4974 248.9688 KOSPI** 2610.38 40.67 ---------------------------------------------------------------------------------------- Bonds Bonds JP 10 YR Bond 0.92
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North Sea Crude-Johan Sverdrup trades lower

North Sea Crude-Johan Sverdrup trades lower LONDON, Oct 7 (Reuters) - North Sea Johan Sverdrup crude differentials edged lower on Monday, while Forties and Ekofisk differentials held steady as cargoes were on offer above recent bid levels. PLATTS WINDOW * Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
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Equinor’s Orsted bet is cheap route to green goals

BREAKINGVIEWS-Equinor’s Orsted bet is cheap route to green goals The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Yawen Chen LONDON, Oct 7 (Reuters Breakingviews) - The battered offshore wind industry is getting a fillip of sorts. On the same day as it emerged BP BP.L may water down pledges to cut oil output, Equinor EQNR.OL revealed a 9.8% stake in Denmark’s $26 billion Orsted ORSTED.CO , the world’s largest offshore wind developer.
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Equinor CEO maintains dividend, net debt targets after Orsted stake purchase

Equinor CEO maintains dividend, net debt targets after Orsted stake purchase OSLO, Oct 7 (Reuters) - Equinor EQNR.OL maintains its guidance for net debt, dividend and other financial metrics following the acquisition of a 9.8% stake in Orsted ORSTED.CO , CEO Anders Opedal told Reuters on Monday. Reporting by Nora Buli, editing by Terje Solsvik
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Oersted shares rise after Equinor takes 9.8% stake

BUZZ-Oersted shares rise after Equinor takes 9.8% stake ** Shares in Oersted ORSTED.CO rise as much as 8% after Equinor EQNR.OL said it has bought a 9.8% stake in the Danish renewable energy group ** Equinor plans to raise this to 10%, making it the second largest shareholder after the Danish state, but does not plan to go beyond 10%, the Norwegian
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