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Zacks News
BP, Iraq Advance Redevelopment of Kirkuk Oil Fields
by Zacks Equity Research
BP and Iraq agree on technical terms to redevelop the Kirkuk oilfields, aiming for a deal by early 2025. The project holds the potential for enhanced oil output and renewable energy integration.
Kinder Morgan Advances $1.4B Mississippi Pipeline Project
by Zacks Equity Research
KMI moves forward with its $1.4B Mississippi Crossing Project, aiming to add 1.5 Bcf/d gas capacity across 206 miles of pipeline in the Southeast U.S. by November 2028.
Phillips 66 Optimizes Portfolio With $865M Pipeline Sale
by Zacks Equity Research
PSX surpasses its $3B asset sale goal by selling a pipeline stake for $865M, highlighting its focus on portfolio optimization and shareholder value.
Equinor Merges UK Offshore Wind Projects for Cost Efficiency
by Zacks Equity Research
EQNR and partners combine two UK wind projects, doubling capacity and cutting costs while supporting Britain's clean energy goals for 2030.
Equinor, Var Energi Explore Tie-Back Policy for New Barents Sea Oil Find
by Zacks Equity Research
A new oil find near the Goliat FPSO could lead to a tie-back development, with EQNR and Var Energi assessing the potential of the Barents Sea discovery.
BP and XRG Close Deal to Launch Arcius Energy in Egypt
by Zacks Equity Research
BP and ADNOC's XRG launch Arcius Energy to develop gas assets in Egypt, addressing energy demand and supporting economic progress.
ExxonMobil Hits 1,000-Well Milestone in New Mexico Delaware Basin
by Zacks Equity Research
With 1,000 wells in the Delaware Basin, XOM combines advanced technology with operational excellence to drive efficiency and lower emissions in the Permian.
Subsea7 Secures New Decommissioning Contract From Saudi Aramco
by Zacks Equity Research
SUBCY's new contract with Aramco involves decommissioning of current subsea infrastructure and pipeline replacement work at the Abu Safah field.
Kosmos Energy Considers All-Share Acquisition of Tullow Oil
by Zacks Equity Research
KOS is in the preliminary stages of discussing an acquisition of TUWOY, which may result in the creation of a leading Atlantic Margin exploration and production company.
Cenovus Energy Outlines 2025 Growth Plan With $5 Billion Budget
by Zacks Equity Research
CVE reveals its 2025 plan with up to $5 billion in investments, growth in upstream and downstream operations, key project advancements and enhanced shareholder returns.
Petrobras Awards Major Offshore Contract to SLB Worth $800 Million
by Zacks Equity Research
SLB mentions that the offshore contract is part of PBR's broader strategy to revive its already productive fields. The contract is expected to begin in April 2025.
ExxonMobil Unveils Earnings Growth Strategy Worth $20B Till 2030
by Zacks Equity Research
With a bold 2030 plan, XOM expects $20B in earnings and $30B in cash flow growth, investing in high-return projects, new businesses and carbon reduction solutions.
TechnipFMC Gets Green Light for CO2 Capture & Storage Project in UK
by Zacks Equity Research
FTI moves forward with a CO2 storage project, providing innovative all-electric subsea systems to support the United Kingdom's carbon capture efforts.
Phillips 66 to Power San Francisco Refinery With Solar Energy
by Zacks Equity Research
PSX partners with NEE to develop a new solar facility that should help its refinery in Rodeo, CA, reduce its grid power demand by almost 50%.
Harbour Energy Confirms Large Gas Reserves in Norwegian Sea
by Zacks Equity Research
Harbour Energy confirms a significant gas discovery in production license 211 CS, which is situated approximately 270 kilometres north of Kristiansund.
Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick
by Zacks Equity Research
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Equinor Delays Arctic Oilfield Startup to Early 2025
by Zacks Equity Research
EQNR postpones the Arctic Johan Castberg oilfield startup to 2025 due to harsh Barents Sea weather, impacting short-term production forecasts.
Eni Confirms Fire at Calenzano Fuel Depot Near Florence
by Zacks Equity Research
A truck explosion at E's Calenzano storage site in Italy leads to a deadly fire, killing two workers. Investigations into the cause are underway.
Are Oils-Energy Stocks Lagging Excelerate Energy (EE) This Year?
by Zacks Equity Research
Here is how Excelerate Energy (EE) and FMC Technologies (FTI) have performed compared to their sector so far this year.
Chevron Signs 10-Year LNG Supply Agreement With Singapore's Sembcorp
by Zacks Equity Research
Sembcorp's agreement with CVX should allow the former to expand its LNG portfolio, thereby increasing its supply of piped natural gas and liquefied sources globally.
Equinor Exits Nigeria & Azerbaijan With $2B Asset Divestments
by Zacks Equity Research
EQNR finalizes divestments worth $2 billion in Nigeria and Azerbaijan, streamlining its oil and gas portfolio for long-term growth and profitability.
BP Forms $5.8B Offshore Wind Joint Venture With JERA
by Zacks Equity Research
BP and JERA merge their offshore wind businesses to form JERA Nex BP, investing $5.8 billion by 2030 to become a major player in renewable energy.
TC Energy Exits North Dakota's $2 Billion Carbon Capture Project
by Zacks Equity Research
TRP's exit from Project Tundra, a $2 billion project aimed at capturing CO2 emissions from a North Dakota coal plant, raises concerns about the future.
Petrobras Opens Vessels Tender for Sergipe Deepwater Project
by Zacks Equity Research
PBR launches a bid for up to two offshore oil production vessels for its Sergipe deepwater project, strengthening the company's offshore capabilities in Brazil.
Chevron vs. California: The New Fuel Regulatory Law Debate
by Zacks Equity Research
California's recent fuel law aims for price stability, but CVX anticipates higher costs and supply woes.