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Zacks News
Pembina's Cedar LNG Project Receives CAD 200M Government Funding
by Zacks Equity Research
PBA's Cedar LNG project features a floating liquefied natural gas processing facility that shall produce ultra-low carbon LNG and a marine export terminal in British Columbia.
Equinor Acquires 95 MW Wind Farm in Sweden to Boost Green Energy
by Zacks Equity Research
EQNR strengthens its green energy push with the 95 MW Lyngsasa wind farm acquisition, increasing its renewable power generation in Sweden.
TechnipFMC Wins Contract for Johan Sverdrup Phase 3 Development
by Zacks Equity Research
FTI secures a key iEPCI contract for the Johan Sverdrup Phase 3 project, providing subsea systems to enhance production and support sustainable energy goals.
Eni Boosts Baleine Offshore Production to Support Local Energy Demands
by Zacks Equity Research
E mentions that a significant increase in production at the Baleine field has been realized by working closely with the Ivorian authorities and Petroci Holding.
BP Sells $1B Stake in Key Azerbaijan-Turkiye Gas Pipeline
by Zacks Equity Research
BP secures $1 billion from Apollo for a 25% TANAP stake, unlocking capital while maintaining influence in the Azerbaijan-Turkiye pipeline. Closing is expected in Q2 2025.
Shell Invests in Gato do Mato to Drive Brazil's Pre-Salt Growth
by Zacks Equity Research
SHEL approves investment in Brazil's Gato do Mato project, advancing the development of pre-salt reserves and strengthening its role in global energy markets.
NextDecade Clears Legal Hurdle for Rio Grande LNG Project Construction
by Zacks Equity Research
NEXT's Rio Grande LNG project gets a revised court judgment removing vacatur risk and ensuring smooth construction.
Chevron's Venezuela Deadline Extended Amid U.S. Policy Shifts
by Zacks Equity Research
The United States extends CVX's Venezuela deadline by at least 30 days, imposing new conditions tied to migrant deportations.
Equinor Lowers Green Targets by Citing Rising Costs & Delays
by Zacks Equity Research
EQNR is lowering climate targets amid rising costs and policy shifts. While scaling back renewables, it remains committed to net zero by 2050.
Subsea7 Locks in Multi-Year Deal for Solstad Offshore IMR Vessel
by Zacks Equity Research
The new contract prolongs the IMR vessel's stay with SUBCY for two more years and includes three yearly options.
ExxonMobil Taps New Wave Offshore to Provide MWS Services in Guyana
by Zacks Equity Research
New Wave Offshore Energy is expected to provide risk management services and safety supervision for XOM's giant Whiptail project in the Starbroek Block offshore Guyana.
Petrobras' Offshore Fields to Deploy Baker Hughes' Completions Tech
by Zacks Equity Research
PBR partners with Baker Hughes to deploy intelligent completions technology, enhancing production and remote operations in Brazil's offshore fields.
Shell Aims for First Gas Production at Dragon Field by 2026
by Zacks Equity Research
SHEL aims to start gas production at Venezuela's Dragon field by 2026, a year ahead of schedule, it secures LNG supply for Trinidad amid shifting U.S. sanctions.
Here's Why Archrock Inc. (AROC) Fell More Than Broader Market
by Zacks Equity Research
In the closing of the recent trading day, Archrock Inc. (AROC) stood at $26.69, denoting a -0.48% change from the preceding trading day.
Oil & Gas Stock Roundup: LNG's Project Milestone, VRN's Merger in Focus
by Nilanjan Choudhury
LNG, VRN, XOM, AROC and APA emerge as the energy headline makers during the week.
Eni to Divest Stakes in Cote d'Ivoire and Congo Assets to Vitol
by Zacks Equity Research
E and Vitol's latest agreement allows the latter to gain access to high-value upstream assets in West Africa, including the giant Baleine discovery and the Congo LNG project.
APA Reduces Workforce as Part of Cost-Cutting Initiative
by Zacks Equity Research
APA reduces its workforce by 10-15% to cut costs and enhance competitiveness amid declining oil prices and rising automation.
ExxonMobil Challenges Colonial Pipeline's Fuel Shipping Plan
by Zacks Equity Research
XOM questions Colonial Pipeline's plan to cut gasoline grades, claiming it would hurt fuel supply efficiency and increase costs for shippers.
Harbour Energy Receives Permit for Havstjerne Carbon Storage Project
by Zacks Equity Research
HBRIY's work commitment includes drilling the exploratory well by the first quarter of 2025, followed by the concept selection for the development of the carbon storage unit.
Phillips 66 Confirms Los Angeles Refinery Shutdown by October
by Zacks Equity Research
PSX to shut its LA refinery by October, raising concerns about fuel supply and price spikes in California amid strong seasonal demand and refinery maintenance.
Petrobras Strikes Hydrocarbons at the Aram Block Offshore Brazil
by Zacks Equity Research
PBR discovers hydrocarbons at the Aram block in Brazil's Santos Basin, strengthening its pre-salt exploration.
ExxonMobil and Woodside Approve $221M Turrum Gas Project
by Zacks Equity Research
XOM and Woodside take a final investment decision on the $221M Turrum project, expected to help avert Australia's looming gas shortfall.
EQNR's Halten East Field Begins Production to Boost Norway Gas Exports
by Zacks Equity Research
Equinor's Halten East development holds recoverable reserves of approximately 100 million barrels of oil equivalent per the discoveries.
Archrock, Inc. (AROC) Is a Trending Stock: Facts to Know Before Betting on It
by Zacks Equity Research
Archrock Inc. (AROC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Are Oils-Energy Stocks Lagging Archrock (AROC) This Year?
by Zacks Equity Research
Here is how Archrock Inc. (AROC) and Flotek Industries (FTK) have performed compared to their sector so far this year.