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Zacks News
ExxonMobil Eyes $1B Deal for Singapore Esso Fuel Stations
by Zacks Equity Research
XOM considers selling its 59 Esso stations in Singapore, aiming to raise $1 billion and refocus on growth areas.
Ecopetrol Plans to Build Latin America's Largest Green Hydrogen Plant
by Zacks Equity Research
EC states that the production of green hydrogen is projected to contribute $400-$485 million to its EBITDA annually by 2040.
ExxonMobil in Talks for Developing Guyana's Shallow-Water Block S8
by Zacks Equity Research
XOM and partners engage in talks with Guyana's government to finalize terms for developing the shallow-water S8 oil block, aiming to expand their regional presence.
Petrobras to Transfer Minority Stake in Sergipe's Tartaruga Field
by Zacks Equity Research
As a non-operated asset, PBR's decision to divest its stake in the Tartaruga field does not affect the company's existing operations in Sergipe.
Baker Hughes Expands in Namibia With New Oil & Gas Facilities
by Zacks Equity Research
BKR strengthens Namibia's energy sector with new facilities at Walvis Bay Port, offering critical support for offshore oil and gas operations.
Eni Acquires Four New Exploration Blocks Offshore Cote d'Ivoire
by Zacks Equity Research
E currently operates six deepwater blocks in Cote d'Ivoire, including CI-101, CI-205, CI-401, CI-501, CI-801 and CI-802, in partnership with Petroci Holding.
GLPEY Scraps Lithium Refinery Project Following Northvolt's Withdrawal
by Zacks Equity Research
Galp Energia drops its plans for the Aurora lithium refinery project following its failure to secure a new partner to replace Northvolt AB.
ExxonMobil and Lobbyist Face Scrutiny Over Cyber Espionage
by Zacks Equity Research
XOM faces scrutiny as allegations surface about hacked emails of environmental activists. The FBI is investigating the claims, which ExxonMobil calls conspiracy theories.
Iberdrola Taps ABL for MWS Services on German Offshore Wind Project
by Zacks Equity Research
IBDRY's Windanker wind farm offshore Germany is expected to have a total capacity of 315 megawatts (MW), comprising 21 turbines, each with a capacity of 15 MW.
BP Advances Cypre Gas Project in Trinidad, First Gas Set for 2025
by Zacks Equity Research
BP is advancing its Cypre gas project in Trinidad, targeting a 2025 launch to address declining production and enhance energy security.
EQNR Awards New IMR Contract Supporting Sustainable Subsea Operations
by Zacks Equity Research
Equinor's new contract with DeepOcean shall set a new industry standard for sustainable IMR operations. The contract has a duration of eight years.
ExxonMobil Downplays Major Drilling Boosts, Stresses Discipline
by Zacks Equity Research
XOM rejects aggressive drilling despite Trump's pro-energy agenda, focusing on disciplined growth and efficiency in shale production.
XOM Exits Block 52 Offshore Suriname, Petronas Takes Full Ownership
by Zacks Equity Research
ExxonMobil's decision to exit Block 52 is part of a broader effort by the U.S. energy giant to evaluate its assets and optimize its global portfolio.
EQT Forms $3.5B Midstream JV With Blackstone to Strengthen Assets
by Zacks Equity Research
EQT announces a $3.5B midstream joint venture with Blackstone to boost growth, enhance infrastructure assets and reduce debt, with a target of $9B in net debt by the end of the year.
Eni & MSC Sign MoU to Drive Carbon Neutrality Goals & Clean Practices
by Zacks Equity Research
E and MSC Group sign an MoU to advance decarbonization efforts, focus on clean fuels and renewable energy and accelerate their energy transition journey.
SDRL's West Auriga & West Polaris Gear Up for New Assignment in Brazil
by Zacks Equity Research
Seadrill mentions that its contract with Petrobras has a total value of $1.1 billion, including mobilization fees and other additional services.
Eni Boosts Congo LNG Capacity With New Nguya FLNG Facility
by Zacks Equity Research
E launches Nguya FLNG in China, doubling Congo's LNG capacity to 3 million tons per annum by 2025, signaling a boost to its global energy ambitions.
BP Invests $7B in Indonesia Gas With First Carbon Capture Tech
by Zacks Equity Research
BP approves a $7B investment in Indonesia's Tangguh project, featuring its first-ever carbon capture, utilization, and storage technology while aligning energy expansion with sustainability goals.
Phillips 66 Faces $2.4M Fine for Alleged Oil Dumping in LA
by Zacks Equity Research
PSX has been indicted for allegedly dumping hundreds of thousands of gallons of oil-laden wastewater into Los Angeles' sewer system in 2020 and 2021.
Reasons to Retain Equinor Stock in Your Portfolio for Now
by Zacks Equity Research
EQNR's ambitious expansion into renewables positions it as a leader in the energy transition. Its focus on oil and gas operations underscores its commitment to energy security.
ExxonMobil Schedules Drilling Activity Offshore Cyprus in 2025
by Zacks Equity Research
XOM, like many other major energy companies, is trying to explore new energy reserves in the Mediterranean region to diversify from Russia.
YPF Plans to Secure $2B in Funding for Vaca Muerta Pipeline Project
by Zacks Equity Research
YPF Sociedad Anonima's Vaca Muerta Sur project is aimed at increasing Argentina's export capacity and positioning the country as a major oil exporter in South America.
Shell Exits Ukraine, Sells Stake in Gas Station Network to Ukrnafta
by Zacks Equity Research
SHEL's gas station network in Ukraine currently includes 118 functional stations. The company ranks among the top 10 fuel distribution networks in the country.
BP Wins Exploration Rights for Shallow Water Block Offshore Trinidad
by Zacks Equity Research
BP's new agreement with Trinidad and Tobago is the second deal aimed at increasing the country's natural gas output.
Equinor Strikes New Oil and Gas Reserves in the Norwegian North Sea
by Zacks Equity Research
EQNR, along with Var Energi and INPEX Idemitsu Norge, makes a new hydrocarbon discovery in PL 090, where it serves as the operator with a 45% stake.