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Zacks News
Eni (E) Lifts Oil Resources Estimate for Mexico's Amoca Field
by Zacks Equity Research
Eni SpA (E) recently raised the estimate of crude and natural gas resources at the Amoca field to 1 billion barrels of oil equivalent.
Petrobras (PBR) Stock Rises on Revised Regulatory Verdict
by Zacks Equity Research
Petrobras (PBR) saw its shares jump 4.9% to $8.44 yesterday on heavy trading volume following certain positive announcements.
Statoil Inks Deal to Expand Footprint in Brazilian Basin
by Zacks Equity Research
Statoil ASA (STO) and Queiroz Galvao Exploracao e Producao (QGEP) have inked an agreement, wherein the former will purchase QGEP's 10% interest in the BM-S-8 license located in Brazil's Santos basin.
Williams Partners Begins First Phase of Hillabee Expansion
by Zacks Equity Research
Williams Partners (WPZ) recently reported that the first phase of its Hillabee expansion project is underway.
Petrobras' (PBR) Class Action Lawsuit Plea Partly Accepted
by Zacks Equity Research
Petrobras (PBR) recently tasted partial success when it succeeded to persuade the U.S. Court of Appeals to annul the certification of a class of investors.
Halliburton Increases Recruitment as Fracking Demand Rises
by Zacks Equity Research
Halliburton Company (HAL) recently announced that the company has been hiring 100 workers every month so far this year.
Statoil's (STO) Drilling in Flemish Pass Basin Disappoints
by Zacks Equity Research
Statoil ASA (STO) has agreed upon a two-well exploration drilling campaign along with partner, Husky Energy, in the Flemish Pass Basin offshore Newfoundland.
Shell (RDS.A) to Invest $1 Billion a Year on Clean Energy
by Zacks Equity Research
Royal Dutch Shell plc (RDS.A) recently announced plans to invest approximately $1 billion per year till 2020 in its New Energies division as it intends to shift its focus on cleaner and renewable energy sources.
Kinder Morgan's Trans Mountain Pipeline Financing at Risk
by Zacks Equity Research
Kinder Morgan, Inc.'s (KMI) Trans Mountain pipeline expansion may not receive funding from Canadian lender, Desjardins, which cited concerns about the project's impact on the environment.
Chevron (CVX) Sells Gulf of Mexico Oil Fields to Cantium
by Zacks Equity Research
Chevron Corporation (CVX) recently sold five fields in Gulf of Mexico's Outer Continental Shelf and in Louisiana state waters to Cantium LLC.
Petrobras (PBR) to Offload Assets in Paraguay and Maromba
by Zacks Equity Research
Moving ahead with its divestment goals, Brazil's state-run energy giant Petroleo Brasileiro S.A. or Petrobras (PBR) recently announced plans to offload assets in Paraguay and Maromba field in the Campos basin.
Statoil Proposes to Convert Vattenfall's Gas Power Plant
by Zacks Equity Research
Statoil ASA (STO), Vattenfall and Gasunie have inked a Memorandum of Understanding (MoU) to assess the potential of converting Vattenfall's gas power plant, Magnum, into a hydrogen-powered plant.
Eni's (E) Sankofa Field Located Offshore Ghana Pumps Oil
by Zacks Equity Research
Eni SpA (E), pumped first oil from the Sankofa field offshore Ghana. The field was completed three months ahead of schedule and within budget.
Apache (APA) to Exit Canada, Eyes Prospects in Other Regions
by Zacks Equity Research
Apache Corporation (APA) is set to exit Canada following its latest deal of $354 million with local oil producer Paramount Resources Ltd.
Marathon Petroleum (MPC) to Take Call on Speedway Spin Off
by Zacks Equity Research
Marathon Petroleum Corporation (MPC) is set to take a final call regarding the transformation of its retail network unit -- Speedway LLC -- into a new independent entity soon.
Statoil (STO) Submits PDO for Snefrid Nord Gas Discovery
by Zacks Equity Research
Statoil ASA (STO), along with its partners, has agreed to develop the Snefrid Nord gas discovery in the vicinity of the Aasta Hansteen field in the Norwegian Sea.
FuelCell Energy to Supply Renewable Power to Californian Grid
by Zacks Equity Research
FuelCell Energy, Inc. (FCEL) announced the conclusion of a digester gas purchase agreement and site lease with the City of Tulare, CA.
Eni Finds Oil in PL532 License Near Johan Castberg Field
by Zacks Equity Research
Eni SpA (E) has made an oil discovery in the PL532 license, southwest of the Johan Castberg field.
Repsol, Gazprom Joint Venture to Operate in Western Siberia
by Zacks Equity Research
Repsol (REPYY) and Gazprom Neft recently formed a joint venture with the latter buying 25.02% interest in Repsol's Evrotek-Yugra project.
Statoil's Three-Well Exploration Campaign to Begin in UK
by Zacks Equity Research
Statoil ASA's (STO) three-well exploration drilling campaign is set for initiation on the U.K. continental shelf.
Renewable Energy (REGI) Scales 52-Week High on Acquisition
by Zacks Equity Research
Renewable Energy Group, Inc. (REGI) touched a new 52-week high of $13.39, eventually closing at a tad lower at $13.10 on Jul 3.
Shell to Expand Presence in Power Market with MP2 Buyout
by Zacks Equity Research
Shell Energy North America, a part of the integrated oil company Shell (RDS.A) recently signed a purchase agreement to acquire power and retail electric company, MP2 Energy.
Delek US Holdings (DK) Fully Acquires Alon USA Energy
by Zacks Equity Research
Delek US Holdings, Inc. (DK) announced that it has acquired the remaining outstanding shares of Alon USA Energy, Inc.
Statoil to Assess Carbon Capture and Storage Projects at NCS
by Zacks Equity Research
Statoil ASA (STO) has been assigned the task of assessing the development of carbon storage on the Norwegian continental shelf (NCS) by Gassnova.
Enterprise to Expand Natural Gas Processing Unit in Texas
by Zacks Equity Research
Enterprise Products Partners L.P. (EPD) announced that it is boosting the capacity of its cryogenic natural gas processing facility, currently under construction near Orla, TX in Reeves County by 300 million cubic feet per day (MMcf/d).