A day of operational resolution and strategic retreat in the small-cap oil and gas sector. Gulf Marine Services (LSE:GMS) confirmed all four vessels evacuated from a Gulf country have returned to hire, allowing it to hold its full-year earnings guidance, while Synergia Energy (LSE:SYN) moved to exit its UK carbon storage position after regulatory obstacles proved insurmountable.
Gulf Marine Services holds EBITDA guidance as evacuated vessels return
Gulf Marine Services (LSE:GMS) confirmed that all four self-elevating support vessels temporarily evacuated from an unspecified Gulf country have returned to hire on their original contracts, removing a significant operational overhang. The company maintained its 2026 adjusted EBITDA guidance of USD 105m-115m, signalling that the disruption caused no lasting damage to its contracted revenue base. The shares edged up 0.514% to 19.56p on the news.
Synergia to relinquish Camelot carbon storage licence
Synergia Energy (LSE:SYN) announced it will apply to relinquish its 50% interest in the CS019 Camelot carbon storage licence in the UK, after legacy well records left regulators unconvinced that a storage permit could be obtained. With the UK carbon storage path closed, the company said it will concentrate its efforts on developing its Cambay PSC in India. The stock was quoted at 0.0105p.
