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Zacks News
Petrobras to Cut 2025 Investments to $17B Amid Rising Costs and Limits
by Zacks Equity Research
PBR plans to cut 2025 investments to $17 billion amid government pressure to boost CAPEX, focusing on realistic, high-return projects for increased output.
Nigerian Communities Win Legal Battle Against Shell
by Zacks Equity Research
The UK Court of Appeal rules against SHEL, paving the way for a full trial in the environmental justice case filed by two Nigerian communities.
ExxonMobil Secures Largest U.S. Offshore CO2 Storage Site
by Zacks Equity Research
XOM strengthens its carbon capture position by securing the largest U.S. offshore CO2 storage site, further supporting emission reduction and advancing net-zero goals.
Eni's Plenitude Expands Spanish Footprint With New Wind Plant
by Zacks Equity Research
E's Plenitude launches the 13 MW Numancia wind farm in Soria, producing 31 GWh annually and powering 9,500 homes, further expanding its renewable energy footprint in Spain.
TechnipFMC Stock Up 34% This Year: Will the Trend Hold?
by Zacks Equity Research
FTI's total backlog reached a historic high of $13.9 billion in the second quarter of 2024.
Baker Hughes Secures Record Order for Gas Storage in Dubai
by Zacks Equity Research
BKR lands record compressor line order from Dubai Petroleum, enhancing gas storage at the Margham facility to support the UAE's clean energy goals.
Tellurian Shareholders Approves the $1.2 Billion Acquisition
by Zacks Equity Research
TELL moves closer to deal closing as shareholders approve the acquisition by Woodside Energy for $1.2 billion.
Equinor Strengthens Offshore Wind Portfolio With 9.8% Stake in Orsted
by Zacks Equity Research
EQNR secures a 9.8% stake in Orsted, becoming the latter's second-largest shareholder and advancing its commitment to offshore wind and renewable energy growth.
Eni Backs CLEAN Initiative, Expands LNG Cooperation With Japan
by Zacks Equity Research
E strengthens its LNG ties with Japan, joining forces to promote decarbonization through the CLEAN Initiative and expand its Mozambique LNG projects.
Is China Coal Energy (CCOZY) Stock Outpacing Its Oils-Energy Peers This Year?
by Zacks Equity Research
Here is how China Coal Energy Co. (CCOZY) and Core Laboratories (CLB) have performed compared to their sector so far this year.
3 Energy Stocks to Buy on Continued Geopolitical Turmoil
by Abhinab Dasgupta
Buy energy stocks like Sasol (SSL), Core Lab (CLB) and Nine Energy (NINE) for steady returns in a volatile macroeconomic environment.
Is Now the Right Time to Buy Core Laboratories After Its 14% YTD Rise?
by Zacks Equity Research
CLB is a compelling investment in the oilfield services sector, featuring strong fundamentals, innovative technologies and a disciplined financial strategy poised for growth.
SLB, Velesto Join Forces to Boost Rig Performance in Malaysia
by Zacks Equity Research
SLB and Velesto partner to enhance rig performance and reduce emissions with advanced digital tools, marking a three-year collaboration to boost drilling efficiency.
Petrobras to Close Final Deal for Redeveloping the Tupi Oil Field
by Zacks Equity Research
PBR is set to redevelop the Tupi oil field, boost production and resolve tax disputes, which are vital for Brazil's energy security and economic growth.
Equinor Reports Progress on Major Norwegian Development Projects
by Zacks Equity Research
EQNR is advancing 19 energy projects in Norway, contributing to Europe's energy security despite facing rising costs and delays in key projects.
Eni-Ithaca Merger Expands Footprint in North Sea Oil and Gas
by Zacks Equity Research
E's upstream merger with Ithaca Energy creates a major player in the North Sea, setting the stage for substantial oil and gas production and UK energy security.
Enbridge Completes Acquisition of PSNC From Dominion Energy
by Zacks Equity Research
ENB expands its U.S. footprint by acquiring PSNC, integrating the utility's strong growth potential and natural gas infrastructure into key North Carolina markets.
Equinor Awards Contract to Aker Solutions to Modify Troll A Platform
by Zacks Equity Research
EQNR awards the contract to boost gas production at Troll A, a project crucial to 10% of Europe's gas supply, with work focusing on platform modifications and new well integrations.
Eni's Plenitude Launches New Identity for Electric Mobility
by Zacks Equity Research
E's subsidiary, Plenitude, introduces "On the Road," streamlining its charging solutions to improve customer experience and promote electric mobility in Europe.
ExxonMobil's $1.28 Billion Nigeria Deal With Seplat Nears Approval
by Zacks Equity Research
Nigeria is set to approve XOM's $1.28B sale of its onshore assets to Seplat Energy, a move signaling the country's push for more foreign investments in the oil sector.
Suncor's Guilty Plea in 2019 Incident: Fines to be Imposed
by Zacks Equity Research
SU pleads guilty to safety breach after a 2019 incident on Terra Nova vessel, resulting in fines and a mandated review of its safety protocols.
ConocoPhillips Secures Court Approval to Seize PDVSA Payments
by Zacks Equity Research
A Trinidad court backs COP's claim to seize PDVSA payments, as the U.S. energy giant seeks to recover funds following Venezuela's expropriation of its assets.
Petrobras to Expand in Africa to Tap Global Energy Resources
by Zacks Equity Research
PBR to explore Africa's potential oil blocks while maintaining its focus on Brazil.
EQT to Reverse Gas Curtailments Amid Rising Demand and Prices
by Zacks Equity Research
EQT plans to ease its production cuts in October, with further increases in November.
Eni Nears KKR Deal as Investors Eye Second Biofuel Stake Sale
by Zacks Equity Research
As E finalizes a stake sale to KKR for its biofuel arm Enilive, new investors, including Stonepeak, are exploring opportunities to acquire a second stake in the growing unit.