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energy: Archive

Zacks Equity Research

Harbour Energy (HBRIY) JV Confirms Natural Gas Discovery

Harbour Energy (HBRIY) and its joint venture partners confirm a natural gas discovery in the North Sea, through their exploration efforts in the region.

SUNNegative Net Change ETPositive Net Change AROCNegative Net Change HBRIYNo Net Change

Zacks Equity Research

Baker Hughes (BKR) and BP Collaborate on Flare Emissions

Baker Hughes (BKR) and BP unite, leveraging the former's Flare.IQ tech to curb emissions from flaring operations, marking a significant advancement in the energy sector's sustainability efforts.

BPPositive Net Change SUNNegative Net Change MUSANegative Net Change BKRNegative Net Change

Zacks Equity Research

TC Energy (TRP) Agrees to Sell Prince Rupert Pipeline Project

TC Energy (TRP) divests the Prince Rupert Gas Transmission Project to facilitate Indigenous-Led LNG development in British Columbia.

MUSANegative Net Change TRPNegative Net Change ETPositive Net Change SUBCYPositive Net Change

Urbashi Dutta

Healthy Crude Oil Prices Fuel Upstream Sector Expansion

Healthy oil prices raise the incentive to keep tabs on upstream firms like Matador (MTDR), Marathon Oil (MRO) and Magnolia (MGY).

MROPositive Net Change MTDRNegative Net Change MGYNegative Net Change

Zacks Equity Research

Oceaneering (OII) Partners With Feritech on Next-Gen Subsea Tech

Oceaneering (OII) joins forces with Feritech Global on a next-generation auto-drop piston corer for revolutionized subsea geotechnics.

PBRPositive Net Change OIINegative Net Change MUSANegative Net Change ETPositive Net Change

Zacks Equity Research

Talos (TALO) Updates Guidance After Including QuarterNorth Deal

Talos (TALO) updates full-year 2024 guidance after taking into account the acquisition of QuarterNorth Energy Inc. The updated projection suggests a strong production outlook.

SUNNegative Net Change AROCNegative Net Change TALOPositive Net Change HBRIYNo Net Change

Zacks Equity Research

BP-UAE $2B Israel Gas Deal on Hold Amid Regional Conflict

BP and ADNOC suspend a $2B bid for Israel's NewMed Energy amid the Israeli-Gaza conflict.

BPPositive Net Change CVXPositive Net Change SUNNegative Net Change MUSANegative Net Change

Zacks Equity Research

Eni's (E) Exploratory Efforts in Block CI-205 Yield Results

Eni (E) has made a significant hydrocarbon discovery in Block CI-205, off the coast of Cote d???Ivoire. This is the second largest discovery in Cote d???Ivoire, after the Baleine discovery.

EPositive Net Change SUNNegative Net Change AROCNegative Net Change HBRIYNo Net Change

Zacks Equity Research

Drilling Tools (DTI) to Acquire Drill-N-Ream Patent Holder

Drilling Tools (DTI) inks an agreement to acquire Superior Drilling Products, Inc. for approximately $32.2 million.

ETPositive Net Change AROCNegative Net Change HBRIYNo Net Change DTINegative Net Change

Nilanjan Choudhury

U.S. Oil Production Hits Record High, Set to Remain Dominant

As U.S. crude production gears up for new heights, our recommendation is to concentrate on domestic E&P companies with strong fundamentals, such as APA, FANG and MGY.

APANegative Net Change FANGNegative Net Change MGYNegative Net Change

Nilanjan Choudhury

Oil & Gas Stock Roundup: CVX & HES Take Center Stage

CVX, HES, DO, TRP and EGY emerge as the energy headline makers during the week.

CVXPositive Net Change DOPositive Net Change TRPNegative Net Change EGYPositive Net Change

Zacks Equity Research

Shell (SHEL) Considers Adjusting Its Emission Reduction Strategy

Shell (SHEL) considers slowing carbon emission cuts amid an energy strategy update and follows BP's similar move to prioritize shareholder returns.

BPPositive Net Change MUSANegative Net Change ETPositive Net Change SHELPositive Net Change

Zacks Equity Research

Chevron (CVX) Joins Forces With Celsia to Build a Solar Plant

Chevron (CVX) partners with Celsia to build a 4.03MW solar plant in Panama, showcasing a commitment to sustainability and carbon neutrality.

CVXPositive Net Change MUSANegative Net Change ETPositive Net Change SUBCYPositive Net Change

Zacks Equity Research

BP's Ex-CEO Looney Faces Major Compensation Cut Post Resignation

BP's former CEO, Bernard Looney, grapples with a GBP1.8M compensation cut after undisclosed relationships lead to his abrupt resignation in September 2023.

BPPositive Net Change SUNNegative Net Change MUSANegative Net Change ETPositive Net Change

Zacks Equity Research

ExxonMobil (XOM) Brings France Refinery Fire Under Control

ExxonMobil (XOM) tames the fire at the Port Jerome-Gravenchon refinery in northern France. All delivery contracts have been met seamlessly from the existing stock, ensuring operational resilience.

XOMPositive Net Change SUNNegative Net Change MUSANegative Net Change ETPositive Net Change

Zacks Equity Research

Amplify (AMPY) Denies Any Relation to Oil Sheen in California

Amplify (AMPY) states that the sheen, off the coast of Huntington Beach in California, is not related to its operations. The investigation is under progress to discover what caused the sheen.

ETPositive Net Change AROCNegative Net Change AMPYPositive Net Change HBRIYNo Net Change

Zacks Equity Research

Shell (SHEL) Joins Forces With Worley for Hydrogen Project

Shell (SHEL) partners with Worley for Holland Hydrogen 1 facility in Rotterdam port, supporting net-zero emissions with sustainable energy solutions.

MUSANegative Net Change ETPositive Net Change SUBCYPositive Net Change SHELPositive Net Change

Zacks Equity Research

EQT CEO Sees Major AI Opportunity in $5.5B Equitrans Deal

EQT's acquisition of Equitrans Midstream for $5.5 billion unveils the CEO's vision for AI-driven growth.

EQTNegative Net Change SUNNegative Net Change MUSANegative Net Change ETRNPositive Net Change

Zacks Equity Research

Petrobras (PBR) Q4 Earnings Lag, Lower Payout Irks Investors

At the end of 2023, Petrobras (PBR) records a net debt of $44,698 million. The company ends the year with cash and cash equivalents of $12,727 million.

HPNegative Net Change PBRPositive Net Change SUNNegative Net Change MUSANegative Net Change

Zacks Equity Research

Equinor (EQNR) Begins Production at Brazil's Mendubim Plant

The Mendubim solar plant's launch is a milestone for Equinor (EQNR), boosting its power production in Brazil by 30% in 2024 and marking its first foray into Brazil's deregulated power sector.

VALNegative Net Change MUSANegative Net Change RESNegative Net Change EQNRNegative Net Change

Nilanjan Choudhury

3 Stocks in the Canadian Upstream Industry Worth Some Thought

Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - Canadian industry, we advise focusing on companies like CNQ, OVV and BTE.

CNQPositive Net Change BTEPositive Net Change OVVPositive Net Change

Zacks Equity Research

Petrobras (PBR) Signs Charter Contract for CTV SeaLoader2

Petrobras (PBR) inks a charter contract for the cargo transfer vessel SeaLoader 2, with a subsidiary of Japan's Mitsui O.S.K. Lines.

PBRPositive Net Change ETPositive Net Change AROCNegative Net Change HBRIYNo Net Change

Zacks Equity Research

Suncor (SU), Fort McKay Partner on Oil Sands Development

Suncor (SU) and Fort McKay sign a memorandum of understanding regarding a potential oil sands lease development opportunity in Fort McKay reserve lands.

SUPositive Net Change MUSANegative Net Change ETPositive Net Change SUBCYPositive Net Change

Zacks Equity Research

Petrobras (PBR) Sends Team to Venezuela Amid Sanction Threat

Petrobras (PBR) sends a team of oil production specialists to Venezuela amid geopolitical complexities, seeking strategic partnerships and navigating risks for future growth.

PBRPositive Net Change MUSANegative Net Change ETPositive Net Change SUBCYPositive Net Change

Zacks Equity Research

Enbridge (ENB) Expands U.S. Footprint With East Ohio Gas Deal

Enbridge (ENB) solidifies its U.S. utility presence with a $14B acquisition, adding East Ohio Gas Company to its growing natural gas empire.

SUNNegative Net Change DPositive Net Change ENBPositive Net Change MUSANegative Net Change