Energy Daily-06/11/2026

Research evidence excerpt

Energy Daily-06/11/2026

Energy Daily

11 JUN 2026

Today’s highlights: TGS: Awarded 3D streamer contract offshore Africa & Commodity prices Last 6 days Last price -1 day -1 week -1 month 18-May1M high 29-May1M low

Middle East; BONHR/CADLR: Fred. Olsen and Cadeler vessels damaged in BrentWTI (bbl)Crude (bbl) $$ 93.290.2 0.10.2 %% -2.0-3.0 %% -5.2-1.5 %% 112.1105.4 91.187.4

incident at Esbjerg. Also covered: Foresea, SPM/SUBC. Dutch TTF Gas $/MMBtu 16.9 2.5 % 1.8 % 11.1 % 17.6 15.2

UK Nat Gas $/MMBtu 16.3 0.8 % 2.5 % 10.4 % 17.0 14.7

Henry Hub Nat Gas $/MMBtu 3.2 1.4 % 3.3 % 15.7 % 3.3 2.8

TGS – Awarded 3D streamer contract offshore Africa & Middle East UKCO2electricityprice (1M) £/MWhEUR/t106.077.5 2.11.8 %% -1.42.3 %% 15.13.1 %% 106.080.6 92.174.9

• TGS has been awarded a 3D streamer contract in the Africa & Middle East BrentUSD/boeand Nat. gas in USD/boe Equivalent** last 3Y CO2EUR/tprice last 3Y

region, commencement is in early September with duration of ~55 days 135120 10090

80 105• The survey was included in booked positions as of Q1’26, this is supportive 70

of our estimate of ~40% contract utilization in Q3/Q4 (~7 vessel months) 75 60

40• On other news SAExploration and BGP have entered a four-year strategic 50

agreement to support the deepwater OBN market, the companies have 30 3020

secured 9 months of backlog offshore South America, we see this as delta 150 100

Jun-25 Jun-26 Jun-24 Jun-25 Jun-26 Jun-23 Jun-24 negative Jun-23 CO2 Price Dutch TTF Brent

• Shearwater has also been awarded a DAS seismic survey contract offshore Last Total return Short Cons. NTM

Guyana, with two-month duration, to our understanding this is source only, E&PExxonMobil 6 days Last$ price150.6 -11.1day% -1-0.9week% 26.9YTD% interest1.0% 14.1xP/E