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Zacks News
Kinder Morgan Cuts 2017 Capital Spend View for Canada Unit
by Zacks Equity Research
Kinder Morgan (KMI) plans to lower spending on Canadian subsidiary in 2017.
Weatherford (WFT) Plans to Divest Assets to Ease Debt Load
by Zacks Equity Research
Weatherford (WFT) to dispose of assets worth $7.9 billion to ease debt burden. The divestment will commence from first-quarter 2018.
Eni Refineries May Shut Down Following Judicial Orders
by Zacks Equity Research
Eni (E) has been closely watched by authorities for alleged tax evasion since 2010.
Bill Barrett (BBG) to Offload Uinta Assets for $110 Million
by Zacks Equity Research
The latest deal marks the exit of Bill Barrett (BBG) from Uinta Basin to reposition itself into a DJ Basin pure play.
ExxonMobil Dismisses Non-Essential Staff at PNG LNG Project
by Zacks Equity Research
ExxonMobil (XOM) downsizes non-essential staff from PNG LNG project due to community tension.
Eni, Fiat Chrysler Come Together to Lower Carbon Emissions
by Zacks Equity Research
Eni (E) is planning to use methanol in fuel that enables to significantly reduce emissions.
Earthstone Divests Bakken Assets to Focus on Midland Basin
by Zacks Equity Research
Earthstone Energy (ESTE) produced 876 barrels of oil equivalent per day in the third quarter of 2017 from the assets.
Nebraska Okays TransCanada Keystone XL on Alternate Route
by Zacks Equity Research
TransCanada (TRP) will take an official call regarding construction and completion of the pipeline after carefully reevaluating the project's viability and schedule.
TransCanada's (TRP) Keystone XL Project Faces Uncertainty
by Zacks Equity Research
TransCanada (TRP), which is facing delays for the last nine years related to the Keystone extension project, awaits Nebraska Public Service Commission's verdict.
Continental Resources to Sell Second Consignment of Bakken
by Zacks Equity Research
Continental Resources (CLR) agrees to sell second international consignment of 430,000 barrels of Bakken crude oil in Cushing.
Statoil (STO) Plans to Boost Exploration Activities in NCS
by Zacks Equity Research
Statoil (STO) intends to drill 25-30 wells in the NCS in 2018, up from 16-18 planned to drill off Norway in 2017.
Hess to Lower Debt, Buy Back $500M Worth of Shares by 2018
by Zacks Equity Research
Hess (HES) unveils plan to focus on profitable upstream projects and return cash back to shareholders.
Anadarko Petroleum Issues '18 Capex & Sales Volume Guidance
by Zacks Equity Research
Anadarko Petroleum Corporation's (APC) Issue of 2018 Capex and sales guidance is a testament of the company's focus on making the most of its well-managed portfolio.
SCANA's Subsidiary Provides Solutions for Abandoned Plant
by Zacks Equity Research
SCANA's (SCG) subsidiary SCE&G finds solutions to issues related to the abandoned V.C. Summer Station nuclear construction project.
Schlumberger's Operations in Ecuador Face Financial Crunch
by Zacks Equity Research
Schlumberger's (SLB) operation in Ecuador faces financial hindrances as Petroamazon fails to pay $350 million.
ExxonMobil to Increase Production from Offshore Abu Dhabi
by Zacks Equity Research
ExxonMobil (XOM) agrees to a development program that includes four artificial islands with more than 1,000 well slots.
Devon (DVN) Gains From Cost Savings and Oil Production
by Zacks Equity Research
Devon Energy (DVN) is poised to benefit from solid oil production of domestic oil plays and ongoing asset divestitures. However, competitive nature of the industry continues to remain a headwind.
Cheniere Energy (LNG) Q3 Earnings Lag, Sales Top Estimates
by Zacks Equity Research
Cheniere Energy incurred wider-than-expected Q3 loss due to increased costs. However, the company garnered solid revenues, courtesy of increased sales volumes of liquefied natural gas.
Eni Inks Exploration Agreement for Block 52, Offshore Oman
by Zacks Equity Research
Eni (E) inks an exploration agreement with Oman Oil Company Exploration and Production relating to Block 52.
ExxonMobil in Talks with Ghana Over Exploration Project
by Zacks Equity Research
ExxonMobil (XOM) receives offer from Ghana for carrying out deepwater exploration off the country's coast.
Hess Issues Operational Update Post Enchilada Incident
by Zacks Equity Research
Hess (HES) provides operational update following the breakout of a fire at the Royal Dutch Shell's Enchilada platform in the Gulf of Mexico.
Noble's Drillship Receives Contract Extension From Hess
by Zacks Equity Research
Noble's (NE) drillship, Paul Romano, receives contract extension from Hess at a dayrate of $115,000.
Baker Hughes, Sonatrach to Construct Oil Equipment Plant
by Zacks Equity Research
Baker Hughes, part of GE (BHGE), and Sonatrach plan a joint venture to construct an oil equipment plant in Algeria at an estimated cost of $45 million.
Newfield Exploration (NFX) Beats on Q3 Earnings & Revenues
by Zacks Equity Research
Newfield Exploration's (NFX) third-quarter 2017 results driven by excellent performance of Anadarko Basin wells.
Statoil (STO) Q3 Earnings Beat Estimates, Revenues Rise Y/Y
by Zacks Equity Research
Statoil's (STO) third-quarter 2017 earnings and revenues increase year over year on the back of improved prices and higher production.