Energy

BP plc (LSE:BP)has issued a trading update outlining preliminary expectations for the second quarter ending 30 June 2025, ahead of its official results scheduled for release on 5 August 2025. Group-level upstream production for Q2FY25 is expected to show an increase from the previous …

Petro Matad Limited (LSE:MATD), a Mongolia-focused oil and gas company, has conditionally raised gross proceeds of approximately GBP 2.84 million through a share placing and director subscription at a price of 0.80 pence per share. This includes the issue of 355,419,117 new ordinary shares, …

Pantheon Resources Plc (LSE:PANR),an oil and gas company focused on assets in Alaska’s North Slope, has raised approximately GBP 16.25 million (before expenses) through a combination of placing and direct subscriptions of new ordinary shares. The funding round was priced at 21.15 pence per …

AFC Energy plc (LSE:AFC)is a UK-based developer of hydrogen-powered generator technologies aimed at supporting off-grid and clean power solutions. The company focuses on hydrogen fuel cell systems and ammonia cracking technologies as alternatives to traditional diesel generators, with applications across construction, data centres, and …

Production at all active licences suspendedduring Q2 2025 due to sanctions-related regulatory action.

UK Oil & Gas PLChas agreed to divest its wholly owned subsidiary, UKOG (GB) Limited, to Servatec Holdings Limited for a cash consideration of GBX 400,000. The transaction is contingent upon receiving standard regulatory approvals from sector authorities.

JPMorgan Cazenove downgradedCentrica Plc (LSE: CNA), the owner of British Gas, to ‘neutral’ from ‘overweight’ on Monday, citing a reduced scope for valuation upside. Alongside the downgrade, the investment bank trimmed its price target for the stock to GBX 167 from GBX 170. The …