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Zacks News
ExxonMobil Chalks Out Plans to More Than Double Earnings
by Zacks Equity Research
ExxonMobil (XOM) plans to increase production to cater to growing demand for energy and address the risks of climate change.
McDermott (MDR) Secures Transportation & Installation Work
by Zacks Equity Research
McDermott (MDR) intends to include the transportation and installation subcontract in its second-quarter 2018 backlog.
Energy Transfer Seeks Commitment for PE3 Remaining Capacity
by Zacks Equity Research
Energy Transfer (ETP) expects the remaining capacity of its Permian Express 3 pipeline's phase 1 to come online in the fourth quarter of 2018.
SemGroup, DCP Midstream Commence Open Season for NGL Pipeline
by Zacks Equity Research
SemGroup (SEMG) and DCP Midstream's (DCP) NGL pipeline project is likely to connect Weld County, CO and Mont Belvieu, TX.
Halliburton, Aramco Unite to Boost Saudi Arabia Gas Output
by Zacks Equity Research
On entering into a three-year contract in Saudi Arabia, Halliburton (HAL) is going to expand its geographical footprint, along with boosting its backlog and revenue prospects.
Enterprise Products (EPD) Seeks Commitment for ECPL Expansion
by Zacks Equity Research
The expansion of Enterprise Products' (EPD) ECPL West Texas System will facilitate transportation of high crude oil production from the Delaware Basin.
Is Canada Eyeing Kinder Morgan's Trans Mountain Project?
by Zacks Equity Research
Canada will reportedly take over Kinder Morgan's (KMI) Trans Mountain and expansion projects to ensure the construction of the pipeline.
Equinor Awards Contract to Odfjell for Deepsea Atlantic Rig
by Zacks Equity Research
Equinor (EQNR) awards contract to Odfjell for the spudding of six wells that comprises drilling of three production wells each for the Fram and Askeladd licenses.
Cimarex Energy (XEC) to Divest Ward County Assets for $570M
by Zacks Equity Research
Cimarex Energy (XEC) to sell Ward County properties for $570 million as the prospects require more capital than other projects.
Sanchez Midstream & Targa Expand JV, Eye Eagle Ford Growth
by Zacks Equity Research
Sanchez Midstream (SNMP) expects the JV expansion to enable it process its Comanche volumes smoothly.
UGI Corp. Arm to Expand Capacity of Auburn Gathering System
by Zacks Equity Research
UGI's subsidiary, UGI Energy Services expects the Auburn Gathering System expansion project to cost the company around $50 million.
ExxonMobil Targets 15% Cut in Methane Emissions by 2020
by Zacks Equity Research
ExxonMobil (XOM) undertakes several measures to curb greenhouse gas and expects to lower emissions by 2020.
BP to Acquire Battery Technology from StoreDot for $20M
by Zacks Equity Research
BP's plan to acquire StoreDot's lithium ion-based battery technology emphasizes the company's commitment toward a lower carbon future.
Shell's Climate Policy Wins Support, CEO Pay Loses Backing
by Zacks Equity Research
Shell (RDS.A) witnesses growing weakness in support of its remuneration report, while its emission policy is appreciated.
Why Flotek Industries (FTK) Could Be Positioned for a Slump
by Zacks Equity Research
Flotek Industries (FTK) has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions as well.
TechnipFMC-Led Consortium Secures 2 EPCC Contracts in India
by Zacks Equity Research
TechnipFMC (FTI) expects execution of the two projects in India to be complete within 36 months.
Kosmos Energy (KOS) Provides Update on Suriname Operations
by Zacks Equity Research
Kosmos Energy (KOS) makes alteration to the design of Anapai-1 to mitigate operational problems.
BP Inks 2M Metric Ton LNG Purchase Deal With Venture Global
by Zacks Equity Research
BP's confirmation to buy 2 million metric tons per year of LNG for 20 years takes the total purchase commitment to 6 million tons at the Calcasieu Pass facility.
Magellan Midstream (MMP) Announces $300M Pipeline Expansion
by Zacks Equity Research
Magellan Midstream (MMP) intends to expand its refined petroleum products pipeline system's western leg capacity by 50,000 BPD.
CNOOC Signs 2 Production Sharing Contracts with Husky Energy
by Zacks Equity Research
CNOOC's (CEO) deal with Husky Energy includes two blocks in the prolific Beibu Gulf of the South China Sea.
ExxonMobil to Increase Refined Products Deliveries in Mexico
by Zacks Equity Research
ExxonMobil's (XOM) decision to expand south into Puebla and further west into Coahuila will grant the company access to Mexico City and Monterrey areas.
Petrobras (PBR) Breaks 6-Month Cold Streak in Brazil Output
by Zacks Equity Research
Petrobras' (PBR) planned divestment (2017-18) program of assets might offset its domestic production boost in 2018.
Kinder Morgan (KMI) Gets Financial Assurance from Canada
by Zacks Equity Research
Kinder Morgan's (KMI) Trans Mountain expansion project losses in Canada will receive compensation against politically-motivated delays.
Valero Expands Into Northern Mexico Refined Product Market
by Zacks Equity Research
Valero (VLO) is likely to use the infrastructure of NuStar Energy (NS) for supplying diesel and gasoline to Northern Mexico.
Valero Enters South American Fuel Market, Aims Growing Demand
by Zacks Equity Research
Valero (VLO) acquires Pure Biofuels del Peru from a private-equity firm to foray into the South American product market.