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Zacks News
Ecopetrol Acquires Windpeshi Project, Aims for 2028 Operations
by Zacks Equity Research
EC acquires the 205MW Windpeshi wind project for $50 million from Enel S.p.A to support Ecopetrol Group's internal energy requirements.
Oil Majors Shell and BP Resume Energy Projects Across Libya
by Zacks Equity Research
SHEL and BP partner with Libya's NOC to explore and develop hydrocarbon potential across three key oilfields, marking a return to the energy-rich nation.
Eni Expands Algerian Presence With New Production Sharing Contract
by Zacks Equity Research
E and Sonatrach ink $1.35 billion contract to explore Algeria's Zemoul El Kbar, aiming to unlock 415 million barrels of output.
Chevron and Exxon Lead $34B US-Indonesia Energy and Trade Pact
by Zacks Equity Research
CVX and Exxon Mobil, in a strategic collaboration with Pertamina, lead a $34 billion US-Indonesia agreement to boost energy and agri-trade ties.
Shell Lowers Q2'25 Guidance for Integrated Gas & Chemicals Divisions
by Zacks Equity Research
SHEL flags a softer Q2 performance with lower gas output, chemical losses and weaker trading across key divisions.
Venture Global Lands Major 20-Year LNG Supply Deal With PETRONAS
by Zacks Equity Research
VG inks an LNG supply deal with Malaysia's PETRONAS, boosting sales from its under-construction CP2 project in Louisiana.
Petrobras Bets Big on Rio's Refining Commitment With Major Projects
by Zacks Equity Research
PBR announces R$33 billion in investments to boost refining, biofuels and petrochemical output in Rio de Janeiro, driving Brazil's energy security and decarbonization.
How Flotek's Well Chemistry Enhances Drilling Performance
by Nilanjan Choudhury
FTK's tailored drilling and cementing chemistries boost underground performance, flow control, and well stability.
Equinor Withdraws From Australia's Bass Offshore Wind Energy Project
by Zacks Equity Research
EQNR exits its third Australian offshore wind project, raising questions over its clean energy pullback strategy.
Eni Advances Zohr Gas Field Development, Boosts Egypt's Gas Supply
by Zacks Equity Research
E is set to ramp up output at Egypt's Zohr gas field, with new wells boosting supply and a $360-million investment planned for 2026.
Equinor Approves Johan Sverdrup Field Expansion With $1.29B Investment
by Zacks Equity Research
EQNR commits $1.29 billion to expand Johan Sverdrup, aiming to boost reserves by up to 50 million boe by leveraging existing infrastructure.
Shell-Led LNG Canada Ships First LNG Cargo to Asia From Kitimat
by Zacks Equity Research
SHEL-led LNG Canada marks a historic milestone with its first LNG export to Asia, unlocking new markets and energy potential from Canada's Pacific Coast.
Noble Starts Drilling Operations for Malampaya Phase 4 Project
by Zacks Equity Research
NE begins drilling at the Malampaya-Camago field, aiming to boost Philippine energy output and cut import reliance.
Flotek's Data Analytics Becomes a Key Revenue Growth Driver
by Nilanjan Choudhury
FTK's Data Analytics revenues soared 57% in Q1, shifting the company toward high-margin, subscription-based growth.
Equinor Encounters New Oil at Johan Castberg Field, Boosts Reserves
by Zacks Equity Research
EQNR strikes oil at Johan Castberg's Drivis Tubaen prospect, potentially adding up to 15M barrels to reserves.
Take the Zacks Approach to Beat the Markets: Ubiquiti, Flotek Industries & Goldman Sachs in Focus
by Santanu Roy
Ubiquiti, Flotek and Goldman Sachs stand out as top Zacks picks, each posting major gains after key rating upgrades.
Core Lab Stock Plunges 22% in Six Months: Time to Hold or Sell?
by Zacks Equity Research
CLB struggles with declining revenues, geopolitical risks, margin compression and weak U.S. demand, creating uncertainty around growth and profitability prospects.
Are Oils-Energy Stocks Lagging Flotek Industries (FTK) This Year?
by Zacks Equity Research
Here is how Flotek Industries (FTK) and Gibson Energy Inc. (GBNXF) have performed compared to their sector so far this year.
Transocean to Drill New Wildcat Well for Equinor in the Norwegian Sea
by Zacks Equity Research
RIG secures a new wildcat well drilling job in the Norwegian Sea for Equinor that is set to start in July 2025.
ExxonMobil Raises Output at Cepu Block, Boosts Indonesia's Oil Output
by Zacks Equity Research
XOM lifts Cepu Block output to 180,000 bpd, reinforcing its role in boosting Indonesia's oil production goals.
Phillips 66 to Produce CARB Gasoline, Boost California Fuel Supply
by Zacks Equity Research
PSX is set to produce CARB gasoline at its Ferndale refinery to offset supply loss from its Los Angeles plant closure.
Cheniere Energy Approves Expansion of Corpus Christi LNG Facility
by Zacks Equity Research
LNG approves $2.9B Corpus Christi expansion with new midscale trains to boost output and long-term liquefied natural gas capacity.
ENB and ET Announce Open Season for Southern Illinois Connector
by Zacks Equity Research
Enbridge and Energy Transfer plan pipeline expansion to move more Canadian crude to the Gulf Coast; open season runs through July 18.
BP's GTA Project Hits New Milestone as Gimi FLNG Reaches COD
by Zacks Equity Research
Gimi FLNG ramps up LNG output to 2.4 mtpa, equivalent to 90% of the unit's nameplate capacity, at the BP-operated GTA project.
PROP vs. FTK: Which Small-Cap Energy Stock Deserves Your Bet?
by Nilanjan Choudhury
Flotek Industries' recurring-revenue pivot and global expansion outshine Prairie Operating's drilling push in energy.