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Zacks News
Valaris Bags New Offshore Drilling Contract in West Africa for $352M
by Zacks Equity Research
VAL believes that the new contract award demonstrates the drillship's successful record of completing projects in West Africa and highlights its operational efficiency.
Archrock Inc. (AROC) Is Up 0.11% in One Week: What You Should Know
by Zacks Equity Research
Does Archrock Inc. (AROC) have what it takes to be a top stock pick for momentum investors? Let's find out.
Equinor Kicks Off Production at Johan Castberg in Barents Sea
by Zacks Equity Research
EQNR begins production at the Johan Castberg oil field in the Barents Sea, with expected plateau production in 2025 and the field's lifespan set for 30 years.
SLB Secures Major Drilling Deal for Woodside's Trion Project
by Zacks Equity Research
SLB expands its role in the Trion project with an AI-enabled drilling contract from Woodside, marking a key step toward its first oil production in 2028.
Chevron Finalizes Sale of Majority Stake in East Texas Gas Operations
by Zacks Equity Research
CVX's subsidiary Chevron U.S.A. Inc. announces the sale of 70% of East Texas gas assets to TGNR for $525 million, while keeping a 30% stake in a joint venture.
How to Find Strong Oils and Energy Stocks Slated for Positive Earnings Surprises
by Zacks Equity Research
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
Archrock Inc. (AROC) Stock Moves -0.49%: What You Should Know
by Zacks Equity Research
In the latest trading session, Archrock Inc. (AROC) closed at $26.44, marking a -0.49% move from the previous day.
Shell Scales Back Renewables in Brazil, Readjusts Power Portfolio
by Zacks Equity Research
SHEL withdraws the solar and onshore wind projects in Brazil due to a challenging environment for investments in renewable power projects.
BP to Offload 260+ Austrian Retail Sites, EV Assets by Q3
by Zacks Equity Research
BP plans to divest its Austrian fuel and EV assets, including 260+ retail sites, as part of a $20B disposal program targeting a sales agreement by Q3 2025.
Repsol Collaborates With NEO Energy for North Sea Expansion
by Zacks Equity Research
REPYY and NEO Energy merge to form NEO NEXT, a top North Sea producer. The deal boosts cash flow, resilience and growth opportunities.
Petrobras Faces Tight Deadline for Foz do Amazonas Vessel Use
by Zacks Equity Research
Brazil's oil giant PBR needs Ibama's approval by April for Foz do Amazonas drilling, as its costly vessel contract ends in October.
Baker Hughes Secures Coiled-Tubing Drilling Deal in Dubai
by Zacks Equity Research
BKR lands a major coiled-tubing drilling multi-year contract for Dubai's Margham Gas project, strengthening energy security and advancing lower-carbon solutions.
BP Gets Final Approval for Iraq's Kirkuk Oil Redevelopment
by Zacks Equity Research
BP receives the Iraqi government's final approval to redevelop Kirkuk oil fields, aiming to produce more than 3 billion barrels and boost Iraq's energy sector.
Shell Taps MODEC for Multi-year FPSO Contract Offshore Brazil
by Zacks Equity Research
SHEL hires MODEC to work on the hull design and all the associated topside facilities for the FPSO, specially designed for the Gato do Mato project located in the Santos Basin, offshore Brazil.
NOV & Petrobras Collaborate to Develop CO2-Resistant Flexible Pipes
by Zacks Equity Research
NOV mentions that the new technology will help combat SCC, which affects oil and gas subsea infrastructure. It also aims to retain the core features of standard flexible pipes.
XOM Invests $100M to Boost High-Purity Isopropyl Alcohol Production
by Zacks Equity Research
ExxonMobil's decision to spend on the upgrade at its Baton Rouge chemical facility comes amid a surge in demand for microchips, driven by the rise of artificial intelligence.
Chevron Seeks Additional Offshore Exploration Blocks in Greece
by Zacks Equity Research
CVX aims to expand hydrocarbon exploration on Crete, Greece, increasing energy prospects and boosting the country's role in Mediterranean energy security.
Shell Selects McDermott for Enterprise Framework Agreement
by Zacks Equity Research
SHEL partners with McDermott to drive engineering innovation, enhance procurement efficiency and accelerate low-carbon solutions worldwide.
Why Archrock Inc. (AROC) Dipped More Than Broader Market Today
by Zacks Equity Research
Archrock Inc. (AROC) closed the most recent trading day at $26.86, moving -1.32% from the previous trading session.
ExxonMobil Signs Agreement to Sell Thai Gas Assets to Horizon Oil
by Zacks Equity Research
XOM divests its stakes in three development licenses onshore Thailand to Australia-based Horizon Oil. Horizon will own a 60% stake in the E5 block and a 7.5% stake in blocks E5N and EU1.
BP's Strategy Under Scrutiny as Elliott Pushes for Further Changes
by Zacks Equity Research
Elliott Management is pressuring BP for deeper cost cuts, asset sales and leadership changes as the oil giant pivots back to hydrocarbons.
Equinor Advances North Sea Exploration With Deepsea Atlantic
by Zacks Equity Research
EQNR secures approval to drill the Lit prospect in the North Sea using Odfjell Drilling's Deepsea Atlantic rig, strengthening its offshore energy expansion.
Petrobras Strikes Hydrocarbons in the Campos Basin's Pre-Salt Layer
by Zacks Equity Research
PBR discovers hydrocarbons in the Campos Basin, advancing its deepwater exploration efforts and highlighting its focus on pre-salt assets.
TechnipFMC Wins Major iEPCI Contract for Gato do Mato Offshore Brazil
by Zacks Equity Research
FTI lands major iEPCI contract with Shell for the Gato do Mato project offshore Brazil, using Subsea 2.0 to enhance efficiency and accelerate first oil output.
Earnings Estimates Moving Higher for Archrock Inc. (AROC): Time to Buy?
by Zacks Equity Research
Archrock Inc. (AROC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.