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RBC trims PTs on European, U.S. energy majors, cuts Aker BP to 'underperform'

BUZZ-RBC trims PTs on European, U.S. energy majors, cuts Aker BP to 'underperform' ** "A time for reflection," RBC says on European and U.S. energy majors as it sees earnings drivers normalising after a nearly three-year period of exceptional growth ** It prefers upstream-heavy companies such as Shell SHEL.L , Eni ENI.MI , Chevron CVX.N , Galp Ener
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Auction Technology, Compass, D'Ieteren Group

EUROPE RESEARCH ROUNDUP-Auction Technology, Compass, D'Ieteren Group Sept 17 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Auction Technology, Compass Group and D'Ieteren Group on Tuesday. HIGHLIGHTS * Auction Technology Group Plc ATG.L : JP Morgan raises to overweight from neutral * Compass Group CPG.L : RBC cuts to sector perform from outperform * D'Ieteren Group SA IETB.BR : Jefferies cuts to hold from buy * Hermes HRMS.PA : Ex
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Wall Street Journal - Sept 17

PRESS DIGEST - Wall Street Journal - Sept 17 Sept 17 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Boeing BA.N said it would freeze hiring and delay pay hikes for its salaried workforce as the jet maker struggles with the financial fallout from a strike launched Friday by its largest union.
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British Business - Sept 17

PRESS DIGEST-British Business - Sept 17 Sept 17 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Carpetright owes nearly 8 million pounds ($10.5 million) to about 21,000 customers for outstanding orders at the flooring chain, which fell into administration in July, and most of them will not be refunded.
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Financial Times - Sept. 17

PRESS DIGEST- Financial Times - Sept. 17 Sept 17 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Intel outlines plans to cut costs and boost chip business in turnaround push. - Alison Rose joins Mishcon de Reya to advise on diversity and inclusion.
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LAZ Collaborates With BP To Bring BP Pulse Ultra-Fast Public EV Charging Hubs To 20 Cities Over Next Five Years

BRIEF-LAZ Collaborates With BP To Bring BP Pulse Ultra-Fast Public EV Charging Hubs To 20 Cities Over Next Five Years Sept 16 (Reuters) - LAZ Parking: LAZ COLLABORATES WITH BP TO BRING BP PULSE ULTRA-FAST PUBLIC EV CHARGING HUBS TO 20 CITIES OVER NEXT FIVE YEARS Source text for Eikon: ID:nPn6DR37da Further company coverage: BP.L
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BP to sell its US onshore wind business

UPDATE 2-BP to sell its US onshore wind business BP to integrate onshore renewable power into Lightsource bp Says sale process to start shortly Adds detail from statement and background throughout Sept 16 (Reuters) - BP BP.L plans to sell its U.S. onshore wind energy business, it announced on Monday, saying the assets were not aligned with its growth plans.
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BP to sell its U.S. onshore wind business

BP to sell its U.S. onshore wind business Sept 16 (Reuters) - BP BP.L said on Monday it plans to sell its existing U.S. onshore wind energy business, which has interests in ten operating onshore wind energy assets across seven U.S. states. BP said it intends to launch the sale process shortly. Reporting by Yadarisa Shabong in Bengaluru; Editing by
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BP To Divest Operating US Onshore Wind Business

BRIEF-BP To Divest Operating US Onshore Wind Business Sept 16 (Reuters) - BP PLC BP.L : BP - TO DIVEST OPERATING US ONSHORE WIND BUSINESS BP - TO INTEGRATE DEVELOPMENT OF ONSHORE RENEWABLE POWER INTO LIGHTSOURCE BP Source text for Eikon: [ID:] Further company coverage: BP.L
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BP Says Apollo Funds To Become Non-Controlling Shareholder In BP Pipelines TAP Ltd For $1 Bln

BRIEF-BP Says Apollo Funds To Become Non-Controlling Shareholder In BP Pipelines TAP Ltd For $1 Bln Sept 16 (Reuters) - BP: BP - APOLLO FUNDS TO BECOME NON-CONTROLLING SHAREHOLDER IN BP PIPELINES TAP LTD BP - PROPOSED DEAL FOR VALUED AT APPROXIMATELY $1 BILLION BP - BP AND APOLLO WILL ALSO LOOK TO PARTNER ON ADDITIONAL INVESTMENT OPPORTUNITIES BP -
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Apollo inks $1 bln deal with BP to fund stake in Trans Adriatic gas pipeline

UPDATE 2-Apollo inks $1 bln deal with BP to fund stake in Trans Adriatic gas pipeline Adds details on the pipeline, comments, shares, in paragraph 3-5,7-10 Sept 16 (Reuters) - Apollo Global Management APO.N has signed a $1 billion deal with British energy major BP BP.L to fund its stake in the Trans Adriatic natural gas pipeline, the companies said on Monday.
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Apollo reaches $1 bln deal with BP to fund stake in gas link, Bloomberg News reports

Apollo reaches $1 bln deal with BP to fund stake in gas link, Bloomberg News reports Sept 16 (Reuters) - Apollo Global Management APO.N has signed a $1 billion deal with BP Plc BP.L to fund its stake in the Trans Adriatic natural gas pipeline, Bloomberg News reported on Monday, citing a statement seen by them. Reporting by Disha Mishra in Bengaluru
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BP Restarts Operations At Castrol Lubricants Facility In Port Allen

BRIEF-BP Restarts Operations At Castrol Lubricants Facility In Port Allen Sept 13 (Reuters) - BP PLC BP.L : SAYS AFTER DETERMINING CONDITIONS ARE SAFE TO RETURN, ITS RESTARTING OPERATIONS AT ITS CASTROL LUBRICANTS FACILITY IN PORT ALLEN, LA. SAYS FRANCINE DID NOT HAVE ANY SIGNIFICANT IMPACTS TO ITS OFFSHORE ASSETS IN THE GULF OF MEXICO SAYS FRANCIN
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US Cash Crude-Grades down as domestic supply set to rise

US Cash Crude-Grades down as domestic supply set to rise Sept 13 (Reuters) - U.S. cash crude prices broadly fell on Friday, dealers said, as companies added more oil rigs, and offshore operators impacted by Hurricane Francine started to recover and ramp production back up. U.S. energy firms this week added oil and natural gas rigs for the first time in five weeks in the biggest weekly rise in a year, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.
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Azerbaijan's January-August oil exports via BTC pipeline down 3.5% y/y

Azerbaijan's January-August oil exports via BTC pipeline down 3.5% y/y BAKU, Sept 13 (Reuters) - Oil exports via the Baku-Tbilisi-Ceyhan pipeline, which runs from Azerbaijan through Georgia to Turkey, were down 3.5% year-on-year in January-August 2024 at 19.39 million metric tons, Azerbaijan's state statistics committee said on Friday. The BTC pipeline is used to export oil from the Azeri, Chirag and Guneshli oilfields, which are operated by BP BP.L .
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Egypt fully awards tender for 20 winter LNG cargoes, sources say

UPDATE 5-Egypt fully awards tender for 20 winter LNG cargoes, sources say Egypt fully awards buy tender for 20 LNG cargoes First tender issued to cover winter demand since 2018 Purchases aim to cover demand during fourth quarter Egypt to pay lower than expected premium Changes headline; adds bullets with no change in text By Marwa Rashad LONDON, Sept 13 (Reuters) - Egypt has bought 20 cargoes of liquefied natural gas (LNG) via the first tender issued to cover its winter demand since 2018, securi
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BP reports no significant effects from Francine in Gulf of Mexico Assets

BRIEF-BP reports no significant effects from Francine in Gulf of Mexico Assets Sept 13 (Reuters) - BP BP.L SAYS FRANCINE DID NOT HAVE ANY SIGNIFICANT IMPACTS TO BP’S OFFSHORE ASSETS IN THE GULF OF MEXICO SAYS THEY ARE WORKING TO ASSESS THE STATUS OF OUR PEOPLE AND FACILITIES IN LOUISIANA AFTER HURRICANE FRANCINE
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Senegal's president sets parliament election on Nov. 17

UPDATE 1-Senegal's president sets parliament election on Nov. 17 Adds quote, detail By Diadie Ba Sept 12 (Reuters) - Senegal President Bassirou Diomaye Faye on Thursday dissolved the opposition-led national assembly, clearing the way for early legislative elections on Nov. 17. In an evening address, Faye, who came to power in April, said working with the assembly had grown difficult after members refused to start discussions on the budget law and rejected efforts to dissolve wasteful state insti
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US Cash Crude-Grades mixed as weakened refinery demand offset tightened supply

US Cash Crude-Grades mixed as weakened refinery demand offset tightened supply Sept 12 (Reuters) - Cash grades pulled in different directions on Thursday, dealers said, with a mixed outlook for domestic refinery demand and some supply cuts in the aftermath of Hurricane Francine. Exxon Mobil XOM.N was increasing production at its 522,500 barrel-per-day (bpd) Baton Rouge, Louisiana refinery on Thursday following the passage of Hurricane Francine east of the plant on Wednesday night, said people fa
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BP's Whiting, Indiana refinery to start planned turnaround as early as next week, IIR says

BP's Whiting, Indiana refinery to start planned turnaround as early as next week, IIR says NEW YORK, Sept 12 (Reuters) - BP's BP.L 435,000-barrel-per-day (bpd) Whiting, Indiana, refinery plans to begin turnaround as early as Sept. 20, research company IIR Energy said on Thursday. The planned maintenance activities are expected to last around 60 days, IIR said.
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