Nyse Order Imbalance 5928.0 Shares On Buy Side

ROME (dpa-AFX) - Italian energy company ENI SpA (ENI.DE) said on Wednesday that it has signed a long-term LNG sales agreement with BOTAS, Turkey's state-owned crude oil and natural gas pipelines and trading company, expanding its global LNG portfolio and strengthening its presence in key international markets.

Under the new contract, Eni will supply BOTAS with about 0.4 million tons per annum (MTPA) of liquefied natural gas for 10 years starting in 2028. The deal follows a three-year supply agreement signed in September 2025 to provide roughly 0.4 MTPA of LNG beginning in November 2025.

The agreement marks Eni's first long-term LNG sale to Turkey. Eni said the deal aligns with its strategy to broaden its customer base in high-potential markets and expand its global LNG portfolio to around 20 MTPA by 2030, supported by projects in Congo, Mozambique, the United States, Indonesia, and other countries.

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November 28, 2025 - Ventura Offshore Holding Ltd. (the “Company”) announces results for the third quarter of 2025. The results highlights will be discussed in an audio conference call on Friday, November 28, 2025 at 14:00 CET. Dial-in details for the conference call can be found below.

Highlights

• Operational uptime of 95.6% and financial uptime of 91.9% in 3Q25 for the combined fleet of owned and managed rigs
• Our customer Eni declared the second of the four optional wells in Indonesia for SSV Catarina
• Net Income of $22.3 million for the quarter
• Adjusted EBITDA of $19.7 million for the quarter
• Free cash position of $35.5 million after repaying $9.5 million on the RCF during the quarter

Guilherme Coelho, Chief Executive Officer commented:

“We were very pleased to report the exercise of the second optional well by our customer Eni for the SSV Catarina, which reflects the top-tier performance of the unit and further increases our firm backlog by approximately $10 million. Another highlight was the delivery of solid operational performance to our customers during this quarter. Ventura Offshore remains firmly focused on securing additional backlog and believes to be well positioned to capture current and future opportunities.”

Link to conference call:

https://teams.microsoft.com/l/meetup-join/19%3ameeting_YTRjNzI1ZmItMjNkNy00Y2NkLThlZWItMTQ0MDM5MDk1MmRk%40thread.v2/0?context=%7B%22Tid%22%3A%224cbfea0a-b872-47f0-b51c-1c64953c3f0b%22%2C%22Oid%22%3A%229dd306f2-be12-4fa5-b89a-0e445936890c%22%2C%22IsBroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%7D&btype=a&role=a

By Adam Whittaker

Ithaca Energy said the integration of Eni's U.K. assets fueled earnings and production growth over the first nine months of the year.

The London-listed energy company said pretax profit for the period ended Sept. 30 rose to $668.1 million from $183.7 million in the same period a year prior.

The company said the rise in profits reflects the combination with Eni's U.K. business and lower impairment charges, which were partly offset by higher finance costs. Ithaca completed its merger deal with Eni's U.K. assets in 2024.

Earnings before interest, taxes, depreciation, amortization, and exploration expense--a commonly used metric by oil and gas companies--increased to $1.5 billion from $758.5 million.

The combination pushed operating cost lower and increased average production to 115,000 barrels of oil equivalent a day, from 52,500 barrels a day last year.

It declared second interim dividend for 2025 of $133 million, or $0.0804 per ordinary share. This follows a first interim dividend of $167 million, and Ithaca reaffirmed its targeted full-year dividend of $500 million.

The company backed its other full-year guidance.

In a separate release, the company said it has agreed to take a 50% working interest in two licenses in the West of Shetland basin from Shell. Following completion of the deal, Shell will continue to hold a 50% stake in the discovery and act as license operator, it said.

Write to Adam Whittaker at adam.whittaker@wsj.com

Financial calendar for Vår Energi ASA

FINANCIAL YEAR 2025

23.03.2026 - Annual Report

10.02.2026 - Quarterly Report - Q4

FINANCIAL YEAR 2026

21.07.2026 - Half-yearly Report12.05.2026 - Annual General Meeting

22.04.2026 - Quarterly Report - Q127.10.2026 - Quarterly Report - Q3

This information is published pursuant to the requirements set out in theContinuing obligations.

https://newsweb.oslobors.no/message/659186

By Matt Grossman

Cleveland Fed President Beth Hammack suggested Thursday that she is skeptical the Fed can afford to opt for further interest-rate cuts, given the persistence of inflation and the monetary easing from the rate cuts the Fed has already completed.

Speaking to a club of economists in New York City, Hammack said that after a percentage point of rate cuts last year and another half point of cuts over the past two Fed meetings, the central bank's policy stance is now doing very little, if anything, to restrain an economy that is still producing above-target price increases.

She acknowledged that the labor market has cooled, a trend that typically calls for lower interest rates. But she said that weighing that risk against stubborn inflation, the Fed has limited room to move toward easier policy.

"After last week's meeting, I see monetary policy as barely restrictive, if at all," Hammack said, according to a published text of her remarks. "It's not obvious to me that monetary policy should do more at this time."

Conversations with private-sector bosses have increased Hammack's concern that more inflation could lie ahead, she said.

"Virtually no one wanted to be the first to raise prices," she said. "But given the cost pressures they are facing, a number of those business leaders said the reality is that they will likely have to do so early next year."

Hammack does not have a policy vote this year under the system that rotates voting seats among the Fed's regional reserve-bank presidents annually, but will regain her role as a voter in January. Last year, she used her final vote of 2024 to dissent against the Fed's quarter-point rate cut in December.

At the Fed's October meeting, all but one voter, Kansas City Fed President Jeffrey Schmid, supported bringing rates lower. But comments from Fed officials since then suggest that further reductions are less of a sure bet. Chair Jerome Powell said a December cut is "far from" a forgone conclusion in his post-meeting press conference. Chicago Fed President Austan Goolsbee, a voter this year, also has suggested hesitancy about backing a further cut.

Traders in interest-rate futures markets still see a quarter-point reduction in December as the most likely move, assigning roughly 7-in-10 odds to a cut. A vacuum of government data during the federal shutdown has made the path forward less clear, but the implied probability of a cut increased Thursday after private-sector data from Challenger, Gray & Christmas, a placement firm, suggested a rise in layoffs last month.

Write to Matt Grossman at matt.grossman@wsj.com