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energy: Archive

Zacks Equity Research

SLB and ACC Join Forces to Accelerate Decarbonization Efforts

Per the deal, SLB will acquire an 80% stake in ACCH, which encapsulates ACC's operations, for NOK 4.12 billion.

SLBNegative Net Change SUNNegative Net Change MUSAPositive Net Change GLPPositive Net Change

Turjya Saha

Upstream Expansion Fuels Optimism in the Oil & Gas Sector

ExxonMobil, Chevron and TotalEnergies are increasing spending in 2024 to capitalize on the oil and gas sector's growth opportunities through increased exploration activities.

CVXPositive Net Change XOMPositive Net Change TTENegative Net Change

Nilanjan Choudhury

Oil Hits Speed Bump on Inventory Build but Stays Above $80

We remain optimistic about near-term prices for crude and advise investors to buy stocks like MUSA, SUN and HP.

HPNegative Net Change SUNNegative Net Change MUSAPositive Net Change

Nilanjan Choudhury

Oil & Gas Stock Roundup: XOM's Guyana Find and DRQ's Merger Take Center Stage

XOM, DRQ, SHEL, GLPEY and CVX emerge as the energy headline makers during the week.

CVXPositive Net Change XOMPositive Net Change DRQPositive Net Change GLPEYNegative Net Change SHELNo Net Change

Zacks Equity Research

Eni (E) & Ithaca Energy in Talks for UK Upstream Assets Merger

Eni (E) and Ithaca Energy strike an exclusivity deal, as both companies explore a merger that could elevate their positions in the U.K.'s upstream sector, unlocking new opportunities.

EPositive Net Change SUNNegative Net Change MUSAPositive Net Change ETNegative Net Change

Zacks Equity Research

Petrobras (PBR) Buys I-RECs to Achieve 100% Renewable Energy

Petrobras (PBR) acquires International Renewable Energy Certificates to cover all its 2023 industrial and administrative energy use, aiming to achieve 50% renewable power generation by 2030.

PBRPositive Net Change SUNNegative Net Change MUSAPositive Net Change AROCNegative Net Change

Zacks Equity Research

ExxonMobil (XOM) Sounds Alarm on Australia's Gas Supply Outlook

ExxonMobil (XOM) contrasts U.S. and Australia drilling permit processes, noting Australia's up to two-year delay impedes rapid development for future gas demand.

XOMPositive Net Change SUNNegative Net Change MUSAPositive Net Change GLPPositive Net Change

Zacks Equity Research

Chevron (CVX), Eliis Form AI-powered Seismic Modeling Venture

Chevron (CVX) and Eliis join forces to revolutionize seismic interpretation with AI, promoting faster exploration, more accurate models and benefits for the oil & gas industry and beyond.

CVXPositive Net Change SUNNegative Net Change MUSAPositive Net Change AROCNegative Net Change

Zacks Equity Research

Ecopetrol (EC) Wins Dispute, Awarded McDermott Share Capital

Ecopetrol's (EC) Reficar receives the 19.9% convertible preferred shares of McDermott International under a financial restructuring plan proposed by its subsidiary, CB&I N.V.

HPNegative Net Change SUNNegative Net Change ECPositive Net Change AROCNegative Net Change

Zacks Equity Research

VAALCO (EGY) Gets the Green Light for Block-P Development

VAALCO Energy (EGY) and its partners finalize the Joint Operating Agreement related to the development of Venus Block-P, offshore Equatorial Guinea.

HPNegative Net Change EGYNegative Net Change ETNegative Net Change AROCNegative Net Change

Zacks Equity Research

Enbridge (ENB) Forms JV to Enhance Permian Basin Connectivity

The partnership is not only poised to enhance Enbridge's (ENB) cash flow immediately but also lays a robust foundation for growth opportunities.

ENBPositive Net Change GLPPositive Net Change MPLXNegative Net Change NEXTNegative Net Change

Zacks Equity Research

Phillips 66 (PSX) Eyes Pipeline Stake Sale Worth More Than $1B

Phillips 66 (PSX) plans to sell its 25% stake in Rockies Express Pipeline, potentially worth more than $1 billion, signaling a shift in the company's asset portfolio.

SUNNegative Net Change MUSAPositive Net Change PSXNegative Net Change ETNegative Net Change

Zacks Equity Research

Equinor (EQNR), DNO Advance Heisenberg Discovery in North Sea

Equinor (EQNR) and DNO progress with appraisal activities for the Heisenberg discovery, unlocking new potential in Norway's North Sea.

SUNNegative Net Change MUSAPositive Net Change ETNegative Net Change EQNRPositive Net Change

Sweta Killa

Boost Profits With Gasoline ETF Ahead of Summer Driving Season

Gas prices have started to climb up ahead of the summer driving season. Investors could easily take advantage of surging gas prices by focusing on the pure-play United States Gasoline ETF (UGA).

UGANegative Net Change

Zacks Equity Research

ExxonMobil (XOM), JERA Partner on Low-Carbon Hydrogen Project

ExxonMobil (XOM) and JERA collaborate to pioneer a transformative journey with a low-carbon hydrogen project toward clean energy solutions, setting the stage for a greener future.

XOMPositive Net Change SUNNegative Net Change MUSAPositive Net Change ETNegative Net Change

Zacks Equity Research

Repsol (REPYY) Extends Charter Contract for PSV Energy Swan

Repsol's (REPYY) subsidiary, Repsol Norge, extends its contract with Golden Energy Offshore for PSV Energy Swan for two months in direct continuation of the firm's current charter contract.

HPNegative Net Change SUNNegative Net Change REPYYPositive Net Change AROCNegative Net Change

Nilanjan Choudhury

Here's What Happened to the Natural Gas Market Last Week

The natural gas space is currently quite unpredictable and spooked by sudden changes in weather and production patterns. We advise focusing on fundamentally solid companies such as CTRA and LNG.

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

Zacks Equity Research

MPLX Acquires Utica Shale Assets From Summit Midstream Partners

Since partnering with Summit in the Utica Shale in 2014, MPLX's acquisitions of OGC and OCC assets strengthen its regional foothold.

SUNNegative Net Change MUSAPositive Net Change GLPPositive Net Change MPLXNegative Net Change

Zacks Equity Research

Shell (SHEL) Sells 50% Stake in US Offshore Wind Project

Shell's (SHEL) renewable energy subsidiary, Shell New Energies US LLC, sells its 50% stake in SouthCoast Wind Energy LLC to Ocean Winds North America LLC.

SUNNegative Net Change MUSAPositive Net Change AROCNegative Net Change SHELNo Net Change

Zacks Equity Research

Petrobras (PBR) Boosts LNG Imports Amid Pipeline Maintenance

Petrobras (PBR) boosts LNG imports, diversifies gas sources, and coordinates maintenance to ensure energy security amid infrastructure challenges.

PBRPositive Net Change SUNNegative Net Change MUSAPositive Net Change AROCNegative Net Change

Zacks Equity Research

Eni (E), Fincantieri, RINA Team up to Decarbonize Maritime Sector

Eni (E), Fincantieri and RINA collaborate to revolutionize maritime transport and reduce carbon footprint, aiming for net-zero emissions by 2050.

EPositive Net Change SUNNegative Net Change MUSAPositive Net Change ETNegative Net Change

Nilanjan Choudhury

3 Refining & Marketing MLP Stocks for Your Basket

SUN, GLP and NGL offer a chance for stability and appealing returns within the Zacks Oil and Gas - Refining & Marketing MLP industry.

SUNNegative Net Change NGLPositive Net Change GLPPositive Net Change

Sweta Killa

Energy ETF (XLE) Hits New 52-Week High

This energy ETF hits a new 52-week high. Are more gains in store for this ETF?

XLENegative Net Change

Zacks Equity Research

Chevron (CVX) to Pay Settlement Worth $13M for Oil Spills

Chevron (CVX) agrees to pay more than $13 million in penalties for past oil spills in California, with payments directed toward environmental conservation efforts.

CVXPositive Net Change PBRPositive Net Change ENBPositive Net Change SHELNo Net Change

Zacks Equity Research

Liberty (LBRT) Wins Litigation, Challenges SEC's Climate Rule

Liberty Energy (LBRT) wins an administrative stay against a litigation to challenge the SEC's Climate Rule, stating that it exceeded the SEC's authority.

CVXPositive Net Change LBRTNegative Net Change AMPYNegative Net Change