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Zacks News
Petrobras Enhances FPSO Safety With Exail's Quadrans AHRS Tech
by Zacks Equity Research
PBR partners with Exail to deploy cutting-edge Quadrans AHRS on FPSOs, boosting safety and real-time monitoring offshore Brazil.
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.
Liberty Energy Stock Plunges 41% in Six Months: Time to Hold or Sell?
by Zacks Equity Research
LBRT's shares plunge 41% in six months, underperforming peers as weakening margins and rising costs raise red flags.
Eni's Plenitude Begins Operations at Its Largest Solar Park in Spain
by Zacks Equity Research
E launches Plenitude's largest solar park in Spain, boosting its renewable push with 130 MW now online at Renopool.
ExxonMobil Loses Supreme Court Appeal Over Baytown Pollution Penalty
by Zacks Equity Research
XOM's $14.25 million Baytown pollution fine stands as the Supreme Court rejects its appeal in a landmark Clean Air Act case.
Chevron to Exit Scotland Office in Global Restructuring Effort
by Zacks Equity Research
CVX is set to close its Scotland office, phasing out North Sea operations by 2026 in a $3 billion cost-cutting move focused on more profitable energy assets and regions.
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.
Eni Opens First Agri-Hub in Congo to Boost Biofuel Ambitions
by Zacks Equity Research
E opens Congo's first agri-hub to fuel its biorefineries, cutting transport emissions and boosting local farming.
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.
Petrobras Taps Fugro for Critical Subsea Inspection Contracts
by Zacks Equity Research
PBR deepens its strategic partnership with Fugro through four key offshore contracts focused on innovation, safety and long-term energy resilience.
Shell Boosts Natural Gas Output at Norway's Ormen Lange Field
by Zacks Equity Research
Shell boosts Europe's gas security as Ormen Lange's subsea tech raises recovery rate to 85%, adding up to 50 BCM of supply.
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.
Repsol Sells Indonesia Gas Stake to Medco for $425 Million
by Zacks Equity Research
REPYY sells its stake in Indonesia's Corridor Block to Medco for $425 million, sharpening the focus on high-return regions and realigning the global portfolio.
Chevron & Energy Transfer Announce 20-Year LNG Supply Agreement
by Zacks Equity Research
CVX extends LNG agreement with Energy Transfer for 20 years, adding 1 million tpy and raising total supply to 3 million tpy from Lake Charles LNG.
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.
Equinor to Invest NOK 21B in Fram Sor Oil and Gas Project
by Zacks Equity Research
EQNR is set to invest NOK 21 billion in Fram Sor, a low-emission oil and gas project to boost Europe's energy security and local industry.
Eni's Plenitude to Build Solar Plant for Modine in Italy
by Zacks Equity Research
E partners with Modine to build a 1.585 MWp solar plant in Italy, thereby boosting renewable energy output and promoting clean energy use.
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.
Chevron Restarts Operations at Leviathan Gas Field After Ceasefire
by Zacks Equity Research
CVX has resumed gas operations at Leviathan, restoring critical exports to Egypt and Jordan, and stabilizing regional supply.
Coterra Holds Rig Count Steady in the Permian as Market Jitters Ease
by Zacks Equity Research
CTRA reverses its plans to cut rigs in the Permian, citing a stronger oil price outlook and increased confidence in market stability.
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.
Eni & Its Plastics Unit Novamont Face 32M Euro Market Abuse Fine
by Zacks Equity Research
E and Novamont have been fined over 32 million euros by Italy's antitrust watchdog for abusing market dominance in bioplastics.
SLB Warns of Flat Q2 on Saudi and Latin America Activity Slowdown
by Zacks Equity Research
SLB flags flat Q2 revenues and EBITDA as drilling slows in Saudi Arabia and Latin America, denting margins.
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.