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Zacks News
Petrobras to Take Charge of 5 Blocks in Foz do Amazonas Basin
by Zacks Equity Research
Per Petrobras (PBR), its new role as an operator will enable it to extend its ownership of the fields to at least 50% and further stretch it to 70% if BP does not intend to grow its stakes in the fields.
Petrobras to Sell Its Stake in 2 Deepwater Campos Basin Fields
by Zacks Equity Research
Petrobras (PBR) is the sole owner and operator of the 455-square kilometer Albacora field and plans to sell its entire stake in the field.
CNOOC (CEO) Begins Production at Jinzhou 25-1 Oilfield
by Zacks Equity Research
CNOOC (CEO) expects the Jinzhou 25-1 Oilfield 6/11 project to touch its maximum output level of 16,500 barrels of crude oil daily in 2023.
Petrobras Finds Hydrocarbons in C-M-657 Block of Campos Basin
by Zacks Equity Research
Petrobras (PBR) is the chief operator of the C-M-657 block holding 30% interest and confirms the presence of hydrocarbons in carbonate reservoirs in the pre-salt section.
Oceaneering's Business Rejig to Aid Its Cost-Saving Efforts
by Zacks Equity Research
Oceaneering's (OII) portfolio rationalization will help it improve its cost-management efforts and place it well to concentrate on customer needs more efficiently as well as optimize its shareholder value.
Here's Why Concho Resources (CXO) is Investor Favorite Now
by Zacks Equity Research
Concho Resources (CXO) ends the second quarter with cash and cash equivalents worth $320 million, improving sequentially from $165 million.
Chevron Staff Gets Cut-Off Date to Remove Wechat From Phones
by Zacks Equity Research
Chevron (CVX) dubs WeChat a ''non-compliant application'' and sets a deadline of Sep 27 for its employees to delete the app from their work handsets for an uninterrupted access to the company's network.
Petrobras to Sell Off Its Fully-Owned Araucaria Fertilizer Firm
by Zacks Equity Research
Petrobras' (PBR) Araucaria fertilizer firm sell-off is in sync with its strategy to cut costs and improve capital allocation for boosting shareholder value.
Oasis Petroleum (OAS) Misses Deadline to Repay Interest Dues
by Zacks Equity Research
Oasis Petroleum (OAS) discusses with its lenders and ad hoc noteholders to rationalize its financial position for solidifying its liquidity and boosting its balance sheet status.
Chevron's (CVX) Australian Plants to Lay Off 20-30% Workforce
by Zacks Equity Research
Chevron (CVX) is trimming about 410 employees from its production hubs in Australia as the Gorgon liquefied natural gas facility took a severe hit from welding defects.
The Hague Court Ruling Favours Chevron in Ecuador Dispute
by Zacks Equity Research
The decision by the District Court of The Hague follows verdicts of courts in Argentina, Brazil, Canada, Gibraltar and the United States, thus condemning the Ecuadorian judgment against Chevron (CVX).
Cheniere Energy Sells Its 5.05% Stake to State-Owned ADIA
by Zacks Equity Research
By purchasing 12.7 million shares of Cheniere Energy (LNG), amounting to nearly $648 million, the sovereign wealth fund now becomes the Houston-based company's fourth-largest shareholder.
Whiting Petroleum (WLL) to Make Nearly 16% Staff Redundant
by Zacks Equity Research
Whiting Petroleum (WLL) anticipates its production in the 88,000-92,000 barrels of oil equivalent per day range for the second half of this year.
Azure Power (AZRE) Jumps: Stock Rises 9.2%
by Zacks Equity Research
Azure Power (AZRE) saw a big move last session, as its shares jumped more than 9% on the day, amid huge volumes.
Petrobras Slashes 2021-2025 E&P CapEx Guidance Amid Coronavirus
by Zacks Equity Research
Petrobras (PBR) projects nearly $40-$50 billion expense on exploration and production between 2021 and 2025 compared with the past guidance of $64 billion announced in the 2020-2024 strategic plan.
ConocoPhillips Expands North Sea Deal With Aker Solutions
by Zacks Equity Research
With the three-year stretch to the prevalent framework pact offshore Norway, Aker Solutions will carry on serving as the chief supplier of maintenance and modifications work at ConocoPhillips (COP).
Parsley Energy Ups FCF View While Issuing 2020 Output Outlook
by Zacks Equity Research
Parsley Energy (PE) expects to extract 110,000 barrels of oil per day in the fourth quarter of 2020.
Kosmos (KOS) to Sell $200M of Exploration Assets to Shell
by Zacks Equity Research
Kosmos (KOS) will utilize one-third of the initial sale proceeds worth $100 million for testing two high-quality infrastructure-driven exploration prospects in the Gulf of Mexico.
Suncor Energy Announces Adjusted 2020 CapEx & Production View
by Zacks Equity Research
Suncor Energy (SU) expects its overall net production for 2020 in the range of 680,000-710,000 barrels of oil equivalent per day.
Shell (RDS.A) Resumes Work at Prelude Floating LNG Facility
by Zacks Equity Research
A key project in Shell's (RDS.A) portfolio, Prelude floating liquefied natural gas was offline February onward due to engineering faults.
Petrobras Discovers High Productivity at Jupiter Oilfield
by Zacks Equity Research
Petrobras (PBR) plans to use Jupiter for testing new technology that splits carbon dioxide at the foot of the ocean and reinjects it into the rocks.
Shell Becomes the First Western Firm to Sell LNG to Hungary
by Zacks Equity Research
Shell (RDS.A) will supply 250 million cubic metres of liquefied natural gas annually for six long years to Hungary.
Chevron Postpones Scheduled Restart of Train 2 Until October
by Zacks Equity Research
Chevron (CVX) plans to execute its contractual commitments to deliver gas to the Western Australian domestic market through the expanded shutdown.
Ovintiv (OVV) Terminates Duvernay Asset JV With PetroChina
by Zacks Equity Research
Ovintiv (OVV) records output of 13,000 barrels of oil equivalent per day (43% liquids) from Duvernay in Q2.
Imperial Oil Stalls Kearl Output Amid Polaris Pipeline Spill
by Zacks Equity Research
Imperial Oil (IMO) management believes that its facilities will resume operations soon after the pipeline is back on track and the diluent supply is restored.