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Libyan oilfields open now that central bank dispute resolved

UPDATE 3-Libyan oilfields open now that central bank dispute resolved NOC lifts force majeure at all oilfields and terminals Production resumption could pave way for OPEC member to raise output Technical problems delay full capacity production at Elfeel, engineers say Adds resumption of production at ElFeel oilfield in paragraphs 11 and UNSMIL's statement in paragraphs 16 and 17 BENGHAZI, Oct 3 (Reuters) - Libya's eastern-based government and Tripoli-based National Oil Corp (NOC) announced on Th
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ADNOC's deals with European companies

FACTBOX-ADNOC's deals with European companies Updates with deal to buy Covestro Oct 1 (Reuters) - State-owned Abu Dhabi National Oil Co, or ADNOC, has been pursuing a series of merger and acquisition deals with European companies, with an aim to diversify and develop its chemicals and renewable energy operations. Here are the deals and talks ADNOC is involved in: COVESTRO 1COV.DE ADNOC said on Oct.
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Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16 bln

UPDATE 6-Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16 bln ADNOC to pay 62 euros per Covestro share, take on 3 bln in debt To buy additional 1.2 bln euros worth of new shares in Covestro Covestro shares jump 3.7% to a three-year high Deal could fuel debate over foreign takeovers of German firms Adds Covestro supervisory board's advisers in paragraph 26 By Ludwig Burger and Yousef Saba BERLIN/DUBAI Oct 1 (Reuters) - Abu Dhabi's ADNOC has struck a deal to buy German chemicals mak
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Romanian gas producer Romgaz raises 500 mln euros from debut Eurobond

Romanian gas producer Romgaz raises 500 mln euros from debut Eurobond BUCHAREST, Sept 30 (Reuters) - Romanian state-owned gas producer Romgaz ROSNP.BX launched its first eurobond issue on Monday, selling 500 million euros ($559.50 million) worth of five-year paper, IFR data showed, to partially fund a deepwater gas project in the Black Sea. Romgaz has partnered with oil and gas group OMV Petrom ROSNP.BX to develop the Neptun Deep Black Sea gas project , one of the European Union's most significa
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OMV Petrom Concludes Transaction With Jantzen Renewables To Acquire Photovoltaic Projects In Romania

BRIEF-OMV Petrom Concludes Transaction With Jantzen Renewables To Acquire Photovoltaic Projects In Romania Sept 30 (Reuters) - OMV AG OMVV.VI : OMV PETROM CONCLUDES TRANSACTION WITH JANTZEN RENEWABLES TO ACQUIRE SEVERAL PHOTOVOLTAIC PROJECTS IN ROMANIA INSTALLED CAPACITY OF THE SOLAR PARKS WILL BE AROUND 710 MW Further company coverage: OMVV.VI (Gd
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Clear Street seeks to join London Metal Exchange's open-outcry trading floor, source says

Clear Street seeks to join London Metal Exchange's open-outcry trading floor, source says LONDON, Sept 25 (Reuters) - U.S. broker Clear Street is seeking regulatory approvals in Britain to pursue membership of the London Metal Exchange's open-outcry trading floor, a source with direct knowledge of the matter told Reuters on Wednesday. Clear Street's plan, first reported by Bloomberg news agency, would take the number of dealing members on Europe's last open-outcry venue back to eight after Socie
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Top of the Street: Swatch, Moncler, OMV

BUZZ-Top of the Street: Swatch, Moncler, OMV A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** UBS cuts Swatch UHR.S to "sell" from "neutral," saying the market has not priced in that the watchmaker might be entering a prolonged downcycle in a more fragile position, due to its unfavorable business mix and exposure to sluggish China demand, resulting in a structurally lower profitability ** The Swiss bank also cuts Moncler MONC.MI to "neutral" from "buy," e
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JPM evaluates 2025/26 cash return for EU oil and gas names

BUZZ-JPM evaluates 2025/26 cash return for EU oil and gas names ** J.P.Morgan estimates that 2025/2026 cash returns would need to go down by 8% as it analyses implications for forward strips at $70 per barrel of Brent for European oil and gas names ** It notes that at that scenario, sector free cash flow yield at 10.2% for 2025 is off 2022/23 highs
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BP, Essentra, OMV

EUROPE RESEARCH ROUNDUP- BP, Essentra, OMV Sept 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including BP Plc, Essentra Plc and OMV on Tuesday. HIGHLIGHTS * BP Plc BP.L : Jefferies cuts target price to 540p from 590p * Essentra Plc ESNT.L : Berenberg cuts target price to 200p from 255p * Energean Plc ENOG.L : Morgan Stanley cuts to equal weight from overweight * OMV AG OMVV.VI : JP Morgan raises to overweight from neutral * Saab AB SAAB
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OMV Gas Storage To Undergo Unplanned Maintenance, No Impact On Contracted Withdrawal Capacities

BRIEF-OMV Gas Storage To Undergo Unplanned Maintenance, No Impact On Contracted Withdrawal Capacities Sept 23 (Reuters) - OMV AG OMVV.VI : CEGH REMIT PLATFORM: OMV GAS STORAGE TO UNDERGO UNPLANNED MAINTENANCE FROM SEPT 30 TO OCT 5 CEGH REMIT PLATFORM: UNPLANNED MAINTENANCE AT OMV GAS STORAGE GMBH FROM OCT 7-12, NO IMPACT ON CONTRACTED WITHDRAWAL CA
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Austrian political parties' plans for the economy

FACTBOX-Austrian political parties' plans for the economy VIENNA, Sept 23 (Reuters) - Austria holds a general election on Sunday with the next government facing an economy poised to contract for a second year running, and inflation that has outstripped the EU average. Here's what the main political parties propose on the economic front: FREEDOM PARTY - FPO The far-right FPO, which narrowly leads opinion polls, wants deregulation and lower taxes, including: - Cutting corporation tax on small busi
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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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