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Zacks News
Equinor's FID for Hywind Tampen to Trim Greenhouse Emissions
by Zacks Equity Research
Equinor (EQNR) will be able to curb carbon footprint by 200,000 meters per year via offshore installations of gas turbines.
Equinor's WA-542-P Permit to Fortify Foothold Down Under
by Zacks Equity Research
The WA-542-P exploration permit, located offshore in the Beagle sub-basin, will help Equinor (EQNR) broaden its base in Australia.
Equinor Begins Johan Sverdrup Oil Production Before Time
by Zacks Equity Research
The giant Equinor (EQNR)-operated Johan Sverdrup oil field's production is expected to hit an all high wherein it will constitute one third of the total oil produced in Norway.
Equinor Divests 25% Arkona Wind Farm Stake Offshore Germany
by Zacks Equity Research
Equinor (EQNR) is expected to receive EUR 500 million from the Arkona wind farm divestment, almost double of its investment in the same.
Transocean Unveils World's First Hybrid Energy Storage Unit
by Zacks Equity Research
Transocean's (RIG) vital technological breakthrough via its operational and safety upgrade aims at lowering the usual fuel consumption by 14%, thereby curbing the toxic NOx and CO2 emissions.
Valaris Receives Contracts for 7 Rigs, Adds $245M to Backlog
by Zacks Equity Research
Valaris' (VAL) VALARIS JU-248 jackup rig receives a 492-day contract from Neptune Energy for four wells located in the North Sea.
Oil & Gas Stock Roundup: BP & ExxonMobil's Multibillion Dollar Deals Steal the Show
by Nilanjan Choudhury
BP plc (BP) sealed an estimated $9.61 billion worth of gas deal with a South Korean buyer, while ExxonMobil (XOM) signed an agreement to divest its oil and gas business in Norway for $4.5 billion.
ExxonMobil Agrees to Sell $4.5B of Upstream Assets in Norway
by Zacks Equity Research
The deal reflects ExxonMobil's (XOM) broader plan to sell non-strategic properties worth $15 billion by 2021.
Oil & Gas Stock Roundup: Tellurian's LNG Deal, Equinor's Gas Find & More
by Nilanjan Choudhury
Natural gas company Tellurian (TELL) signed an MOU with India's Petronet to sell 18% stake in its proposed Driftwood LNG terminal and export 5 million tons of LNG a year from it for 40 years.
Chevron Set to Ramp Up Production at Its St. Malo Field
by Zacks Equity Research
With its St.Malo waterflood project, Chevron (CVX), a leading producer in the Gulf of Mexico, is making its first appearance in the deepwater Wilcox trend.
Equinor (EQNR) Discovers Natural Gas in Orn Exploration Well
by Zacks Equity Research
Under Orn discovery, Equinor ASA (EQNR) is expected to hold 40% interest while its partners Aker BP and Wellesley will own 30% stake each.
Equinor Starts Crude Sale from 2 New North Sea Oilfields
by Zacks Equity Research
Equinor ASA's (EQNR) Mariner Blend crude production is likely to generate 70,000 barrels of crude per day in the short term while the production on average is envisioned to be roughly 55,000 bpd.
ExxonMobil to Divest Oil & Gas Resources in Norway For $4B
by Zacks Equity Research
ExxonMobil's (XOM) decision to sell Norway oil & natural gas assets reflects strong focus on boosting oil equivalent volumes from American onshore shale resources.
Stock Market News for Sep 5, 2019
by Zacks Equity Research
Major indexes ended in the green on Wednesday after the Fed???s Beige Book revealed that the U.S. economy expanded modestly through August-end.
Equinor's $5B Buyback to be Aided by Johan Sverdrup Output
by Zacks Equity Research
Almost 292 million outstanding shares can be redeemed using Equinor's (EQNR) $5-billion share repurchase program.
The Zacks Analyst Blog Highlights: Apache, Parsley, Equinor, Halliburton and Schlumberger
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Apache, Parsley, Equinor, Halliburton and Schlumberger
Why Rig Count Is No Longer a Reliable Gauge of Production
by Nilanjan Choudhury
As per conventional wisdom, when number of rigs decline, fewer wells are drilled. This means less new oil and gas are discovered, and ultimately production slows down.
Oil & Gas Stock Roundup: BP Out of Alaska, Equinor Speeds Up Oil Field Start Up
by Nilanjan Choudhury
BP plc (BP) farmed out of Alaska, selling its entire business to Hilcorp Energy for $5.6 billion, while Equinor (EQNR) indicated an earlier-than-expected start up of the giant Johan Sverdrup field.
Equinor to See Johan Sverdrup Oil Production Before Time
by Zacks Equity Research
The giant Equinor (EQNR)-operated oil field's day-to-day production is likely to be 440,000 barrels of oil per day (bpd) while its peak output is expected to surge 660,000 bpd.
Oil & Gas Stock Roundup: TechnipFMC's Spin-Off, Kinder Morgan's Asset Sale & More
by Nilanjan Choudhury
TechnipFMC (FTI) plans to spin off its engineering and construction business to create two independent companies, while Kinder Morgan (KMI) will sell its Canadian unit and portion of a pipeline.
BP Places 21 Bids in the Latest US Gulf of Mexico Lease Sale
by Zacks Equity Research
BP tallies the second highest bids in the U.S. GoM lease sale 253, which receives 165 bids from 27 companies.
Equinor Signs Deal With YPF Sociedad, Expands in Argentina
by Zacks Equity Research
Equinor (EQNR) and YPF Sociedad are going to jointly conduct exploration activities in the CAN 100 Block in the North Argentinian Basin.
Oil & Gas Stock Roundup: Equinor's Mariner Starts Up, BP Expands India Business
by Nilanjan Choudhury
Norwegian behemoth Equinor (EQNR) started oil production from the Mariner field in the UK North Sea, while British supermajor BP plc (BP) inked a new JV in India to set up 5,500 petrol pumps.
Equinor Discovers Light Oil in Barents Sea on Second Try
by Zacks Equity Research
Equinor's (EQNR) initial estimate of recoverable resources from the Sputnik discovery is currently in the range of 20-65 million barrels of oil.
Equinor's Mariner Oil Platform Comes Online at UK's North Sea
by Zacks Equity Research
Equinor's (EQNR) Mariner project is likely to churn out more than 300 million barrels of oil during its production cycle of 30 years and create 700 long-term jobs in the process.