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Zacks News
Valaris Receives Contracts for 6 Rigs, Adds $84M to Backlog
by Zacks Equity Research
Valaris (VAL) receives contract extension of roughly 225 days from Eni for three wells offshore Mexico.
Stock Market News for Aug 28, 2019
by Zacks Equity Research
Benchmarks closed in the red on Tuesday as hopes for a U.S.-China trade war resolution dims, and fears of global economic slowdown intensifies.
Eni's 1 Tcf Gas Find in Nigeria to Come Online Immediately
by Zacks Equity Research
Eni (E) expects the Obiafu-41 deep well to deliver more than 100 million standard cubic feet of natural gas and 3,000 barrels of associated condensates per day.
Top Stock Reports for Cisco, Medtronic & Novo Nordisk
by Mark Vickery
Today's Research Daily features new research reports on 16 major stocks, including Cisco Systems (CSCO), Medtronic (MDT) and Novo Nordisk (NVO).
ExxonMobil to Speed Up Exit From Offshore Oil Plays in Norway
by Zacks Equity Research
The Norwegian oil and natural gas field asset sale may generate a huge sum of roughly $4 billion for ExxonMobil (XOM).
Oil & Gas Stock Roundup: Eni, TC Energy, Pioneer Natural Q2 Earnings
by Nilanjan Choudhury
Eni (E) reported comprehensive earnings miss, TC Energy's (TRP) bottom line matched the Zacks Consensus Estimate, while Pioneer Natural Resources (PXD) outperformed our profit projection.
Devon Energy (DVN) Beats Q2 Earnings Estimates, Revises View
by Zacks Equity Research
Devon Energy (DVN) reports better-than-expected Q2 earnings. High efficiency in drilling and completion process allows it to lower planned capital expenditure for 2019.
Eni (E) Q2 Earnings Miss on Lower Hydrocarbon Production
by Zacks Equity Research
Owing to operational efficiencies, Eni (E) lowers projection for 2019 capital expenditure.
Noble Energy (NBL) Posts Narrower-Than-Expected Loss in Q2
by Zacks Equity Research
Noble Energy's (NBL) second-quarter 2019 revenues decline on a year-over-year basis.
Occidental (OXY) Beats Q2 Earnings Estimates on Solid Output
by Zacks Equity Research
Occidental Petroleum's (OXY) Q2 earnings are aided by strong production growth from U.S. and international operations.
5 ETFs & Stocks Riding High on Oil Rebound
by Sweta Killa
Oil prices strongly rebounded from a bear territory hit in early June, with U.S. crude comfortably trading above $60.
ExxonMobil to Exit Norwegian Offshore Hydrocarbon Fields
by Zacks Equity Research
A Norwegian business newspaper expects ExxonMobil's (XOM) offshore assets in Norway to be valued at $3-$4 billion.
Oil & Gas Stock Roundup: Comstock's Acquisition, Shell's Strategy Update & More
by Nilanjan Choudhury
Comstock Resources (CRK) agreed to buy Cover Park Energy for $2.2 billion. Meanwhile, Royal Dutch Shell (RDS.A) pledged to return at least $125 billion to its shareholders between 2021 and 2025.
ExxonMobil to Redevelop Block 15 Offshore Angola, Grow Output
by Zacks Equity Research
ExxonMobil (XOM) expects the redevelopment deal with Angola to optimize recovery and increase output from mature fields.
BP to Redirect Focus From Oil Assets in Egypt to Gas Reserves
by Zacks Equity Research
Since BP considers Egypt a core region for conducting upstream operations, the company is preparing to allocate an additional $3 billion over the next two years.
Eni Hits Oil for the 5th Time in Block 15/06 Offshore Angola
by Zacks Equity Research
Eni (E) expects the new discovery offshore Angola to hold 300-400 million barrels of light oil.
EVs are the Road to the Future, Big Oil Hears the Message
by Rimmi Singhi
The fact that the electric effect is in full force with EVs on track to dominate the market in the future has sent a clarion call to the energy industry as well.
Eni's (E) Q1 Earnings Miss Estimates, Revenues Increase Y/Y
by Zacks Equity Research
Lower oil equivalent production hurts Eni SpA's (E) Q1 earnings.
Global Oil & Gas Discoveries to Witness Major Uptick in 2019
by Rimmi Singhi
Volumes from global oil and gas discoveries are likely to rise 30% year over year in 2019, which will mark the highest levels since the crude downturn.
Eni Installs First Foreign Offshore Oil Asset in Mexico
by Zacks Equity Research
Eni's (E) installation of Mizton platform offshore Mexico is expected to be operational in the first half of 2019.
Eni Collaborates With CIB to Produce Advanced Biomethane
by Zacks Equity Research
Eni's (E) initiative to produce biomethane is in sync with its efforts to protect environment. Also, the product will be utilized in the transport sector.
Top ETF Stories of Q1
by Sanghamitra Saha
Inside the top ETF stories of first-quarter 2019.
TechnipFMC Gets iEPCI Contract From Eni in Indonesia
by Kaibalya Pravo Dey
TechnipFMC (FTI) expects the iEPCI contract value in the range of $500 million to $1 billion.
Eni Discovers Oil and Gas Reserves in PL869 in North Sea
by Zacks Equity Research
Eni (E) conducts drilling activity in the exploration well 24/9-14S and the horizontal appraisal well 24/9-14A in the Froskelar Main prospect.
Oil & Gas Stock Roundup: Transocean's Contract Awards, Eni's Angola Discovery & More
by Nilanjan Choudhury
Transocean (RIG) secured contracts for two of its drillships, namely Mykonos and Corcovado, which were acquired as part of Ocean Rig buyout in December 2018.