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energy: Archive

Zacks Equity Research

Chevron's (CVX) Tengiz Project Faces Cost Increase of $1.5B

Chevron's (CVX) Tengiz Project in Kazakhstan faces a $1.5 billion cost overrun, highlighting complexities in large-scale energy ventures and posing challenges to completion and financial projections.

CVXNegative Net Change XOMNegative Net Change SMNegative Net Change AROCNegative Net Change

Nilanjan Choudhury

Why Did U.S. Natural Gas Prices Move Up 16.6% Last Week?

With natural gas price action remaining positive but volatile, we recommend investors hold onto companies with strong fundamentals, such as CTRA and LNG.

CHKPositive Net Change EQTNegative Net Change LNGNegative Net Change CTRANegative Net Change

Zacks Equity Research

Is PTTAX a Strong Bond Fund Right Now?

MF Bond Report for PTTAX

PTTAXNegative Net Change

Zacks Equity Research

Is USATX a Strong Bond Fund Right Now?

MF Bond Report for USATX

USATXPositive Net Change

Zacks Equity Research

Chevron (CVX) Exits U.K. North Sea, Divests Remaining Assets

Chevron's (CVX) exit from the North Sea follows the trend that several other U.S. oil companies have exhibited owing to the declining production in the region.

CVXNegative Net Change ENegative Net Change SMNegative Net Change AROCNegative Net Change

Zacks Equity Research

Crescent (CRGY) & SilverBow (SBOW) Unite in $2.1B Merger

Crescent Energy (CRGY) shareholders will own about 69-79% of the combined company, while SilverBow (SBOW) shareholders will own around 21-31% post completion of the deal.

ENegative Net Change SMNegative Net Change SBOWPositive Net Change CRGYNegative Net Change

Zacks Equity Research

Here's Why Hold Strategy Is Apt for BP Shares Right Now

BP's focus on operational efficiency and cost management is set to yield at least $2 billion in cash cost savings by the end of 2026.

BPNegative Net Change SMNegative Net Change ECNo Net Change

Zacks Equity Research

Enbridge (ENB) Plans Equity Offering to Fund Major Acquisition

The shares will be offered at Enbridge's (ENB) discretion, allowing sales to the public intermittently at current market prices.

DNegative Net Change SMNegative Net Change ECNo Net Change ENBNegative Net Change

Zacks Equity Research

Equinor's (EQNR) Empire Wind 1 Gets Final Approval in New York

Equinor (EQNR) receives the final approval from New York State to begin construction of the 810 MW Empire Wind 1 offshore wind farm, supporting the state's 9,000 MW wind power goal by 2035.

SMNegative Net Change MPCPositive Net Change EQNRNegative Net Change

Nilanjan Choudhury

Is Chevron's (CVX) $53B Acquisition of Hess in Jeopardy?

The Hess (HES) acquisition would grant Chevron (CVX) a substantial stake in the lucrative Stabroek Block offshore Guyana.

CVXNegative Net Change XOMNegative Net Change

Zacks Equity Research

Pembina (PBA) Targets June Investment Decision for Cedar LNG

Pembina's (PBA) $4 billion Cedar LNG project with Haisla First Nation secures permits and progresses toward a June investment decision, aiming for a 2028 completion.

SUNNegative Net Change PBAPositive Net Change AROCNegative Net Change

Zacks Equity Research

Is WFCMX a Strong Bond Fund Right Now?

MF Bond Report for WFCMX

WFCMXPositive Net Change

Zacks Equity Research

Is ORNAX a Strong Bond Fund Right Now?

MF Bond Report for ORNAX

ORNAXPositive Net Change

Zacks Equity Research

GeoPark (GPRK) Acquires Unconventional Blocks in Argentina

GeoPark???s (GPRK) estimated production is set to increase to 5,500-6,500 boepd, contingent upon the closing date of the transaction.

ENegative Net Change SMNegative Net Change GPRKNegative Net Change AROCNegative Net Change

Zacks Equity Research

Williams (WMB) Abandons NESE Project Over Environmental Dispute

Williams (WMB) decides to abandon the NESE pipeline project due to environmental concerns and regulatory challenges, and deems it as a poor investment.

WMBNegative Net Change ENegative Net Change SMNegative Net Change AROCNegative Net Change

Zacks Equity Research

BP Invests in Hysata's $111M Green Hydrogen Technology Round

BP Ventures and Templewater co-lead a $111M investment in Hysata, aiming to revolutionize green hydrogen with high-efficiency electrolyzers.

BPNegative Net Change SMNegative Net Change MPCPositive Net Change

Zacks Equity Research

Eni (E) to Divest $1.52B Stake to Help Reduce Italy's Debt

The sale involves 2.8% of Eni's (E) shares and is being conducted through an accelerated book building process.

ENegative Net Change SMNegative Net Change ECNo Net Change

Nilanjan Choudhury

What Are the Key Takeaways From IEA's Oil Market Report?

Despite IEA's lower oil demand projections, we believe the space is still a good one for investors to take a position in. We suggest buying stocks like SM, MPC and APA.

APANegative Net Change SMNegative Net Change MPCPositive Net Change

Zacks Equity Research

Petrobras (PBR) Q1 Earnings Lag on High Pre-Salt Lifting Costs

As of Mar 31, 2024, Petrobras (PBR) records a net debt of $43,646 million. The company ends the quarter with cash and cash equivalents of $11,547 million.

CVXNegative Net Change COPNegative Net Change PBRNegative Net Change MPCPositive Net Change

Zacks Equity Research

Patterson-UTI (PTEN) Teams Up With ADNOC Drilling in the UAE

Patterson-UTI's (PTEN) subsidiary, Patterson-UTI International Holdings, Inc., partners with ADNOC Drilling for a UAE project, enhancing oilfield operations with U.S. shale expertise and strategic growth.

PTENNegative Net Change SUNNegative Net Change AROCNegative Net Change

Zacks Equity Research

Is VFIDX a Strong Bond Fund Right Now?

MF Bond Report for VFIDX

VFIDXPositive Net Change

Zacks Equity Research

Is USAIX a Strong Bond Fund Right Now?

MF Bond Report for USAIX

USAIXPositive Net Change

Zacks Equity Research

ExxonMobil (XOM) Strikes Oil With Likembe-01 Well Offshore Angola

ExxonMobil's (XOM) Likembe-01, well found in Angola's Block 15, signals a potential upturn in the country's oil fortunes, marking a significant discovery after years of dwindling output.

XOMNegative Net Change SMNegative Net Change MPCPositive Net Change

Zacks Equity Research

Equinor (EQNR), Petoro Optimize Operations With Asset Swap Deal

Equinor (EQNR) and Petoro agree to swap ownership of several Norwegian shelf assets, which aims to streamline operations and enhance resource management on the Halten Bank.

SMNegative Net Change MPCPositive Net Change EQNRNegative Net Change

Zacks Equity Research

TechnipFMC (FTI) Secures New Contract to Support Pluto LNG

TechnipFMC (FTI) is responsible for the design, manufacture, and installation of the subsea production system, flexible pipe, and umbilicals for the Xena Infill well, at the Pluto LNG Project.

ENegative Net Change FTINegative Net Change SMNegative Net Change AROCNegative Net Change