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energy: Archive

Zacks Equity Research

Petrobras Expands International Footprint With DWOB Acquisition

PBR plans to enter South Africa's Deep Western Orange Basin, acquiring a 10% stake in a consortium led by TotalEnergies, enhancing its exploration portfolio.

PBRNegative Net Change YPFNegative Net Change TTENegative Net Change SHELPositive Net Change

Zacks Equity Research

Shell's Atlantic Shores Wind Projects Receive Federal Approval

SHEL's partnership project "Atlantic Shores" in New Jersey clears the federal barrier while environmental concerns persist.

SSLPositive Net Change PEDNegative Net Change AROCNegative Net Change SHELPositive Net Change

Yashwardhan Jain

ETFs to Consider as Middle-East Conflicts Escalate

After Iran attacked Israel on Tuesday, increasing exposure to defense, energy and gold funds becomes appealing, which tends to gain from escalating tensions in the Middle East.

SHLDPositive Net Change GLDNegative Net Change IAUNegative Net Change SGOLNegative Net Change XLEPositive Net Change IXCPositive Net Change XOPPositive Net Change ITANegative Net Change PPANegative Net Change XARPositive Net Change VDEPositive Net Change FENYPositive Net Change GLDMNegative Net Change AAAUNegative Net Change FITENegative Net Change

Zacks Equity Research

Enbridge Completes Acquisition of PSNC From Dominion Energy

ENB expands its U.S. footprint by acquiring PSNC, integrating the utility's strong growth potential and natural gas infrastructure into key North Carolina markets.

CLBNegative Net Change DNegative Net Change ENBNegative Net Change EGYNegative Net Change

Urbashi Dutta

3 Energy Stocks to Consider as Oil Price Remains Quite Healthy

As oil prices remain elevated, companies like Northern Oil and Gas (NOG), APA, and Devon (DVN) are poised to capitalize on increased exploration and production activities.

DVNPositive Net Change APAPositive Net Change NOGPositive Net Change

Zacks Equity Research

YPF Reduces Fuel Prices Amid Inflationary Pressures in Argentina

YPF Sociedad Anonima states that the reduction in fuel prices reflects the declining trend in global Brent crude oil prices.

YPFNegative Net Change EGYNegative Net Change PEDNegative Net Change AROCNegative Net Change

Zacks Equity Research

New Strong Buy Stocks for October 3rd

CCL, TMDX, CBU, RWEOY and ADDYY have been added to the Zacks Rank #1 (Strong Buy) List on October 3, 2024.

CCLNegative Net Change ADDYYNegative Net Change CBUPositive Net Change RWEOYNegative Net Change TMDXNegative Net Change

Zacks Equity Research

APA and TotalEnergies Announce Joint Venture Offshore Suriname

APA and TTE will undertake a project for oil production: Suriname's offshore energy sector is set for a transformation with the $10.5 billion Block 58 project.

APAPositive Net Change PEDNegative Net Change AROCNegative Net Change TTENegative Net Change

Zacks Equity Research

Northern Completes Major Acquisition to Enhance Uinta Basin Operations

NOG completes a strategic acquisition in the Uinta Basin, securing valuable assets and a decade of Tier 1 drilling locations to enhance growth potential.

FTIPositive Net Change SMPositive Net Change EGYNegative Net Change NOGPositive Net Change

Nilanjan Choudhury

Amplify Energy Stock Up 12% This Year: Will Trend Hold?

While AMPY's vulnerability to oil price volatility cannot be ignored, the company has strong long-term potential.

WTIPositive Net Change REIPositive Net Change AMPYPositive Net Change

Zacks Equity Research

Equinor Awards Contract to Aker Solutions to Modify Troll A Platform

EQNR awards the contract to boost gas production at Troll A, a project crucial to 10% of Europe's gas supply, with work focusing on platform modifications and new well integrations.

CLBNegative Net Change EGYNegative Net Change MPLXNegative Net Change EQNRNegative Net Change

Zacks Equity Research

EQT Plans to Cut Jobs by 15%, Could Face Pre-Tax Charges Up to $185M

Following the acquisition of Equitrans Midstream, EQT plans to reduce its workforce by 15% as part of the process of combining the operations of the two companies.

CHKPositive Net Change EQTNegative Net Change SHELPositive Net Change

Zacks Equity Research

Eni's Plenitude Launches New Identity for Electric Mobility

E's subsidiary, Plenitude, introduces "On the Road," streamlining its charging solutions to improve customer experience and promote electric mobility in Europe.

CLBNegative Net Change ENegative Net Change EGYNegative Net Change MPLXNegative Net Change

Zacks Equity Research

SLB Partners in UAE JV to Advance Unconventional Energy Resources

SLB is set to create Turnwell Industries, along with ADNOC and Patterson-UTI, to advance the UAE's unconventional oil and gas program.

SLBPositive Net Change HALPositive Net Change PTENNegative Net Change BKRNegative Net Change

Sanghamitra Saha

Should You Invest in Oil ETFs on Rising Middle East Tensions?

The ongoing conflict in the Middle East has led to increased oil prices. Will the pop in oil prices sustain?

DBOPositive Net Change USLPositive Net Change OILKPositive Net Change

Zacks Equity Research

Diamondback Boosts Q3 Production & CapEx Guidance After Acquisition

FANG increases its third-quarter production forecast to 565,000-569,000 barrels of oil equivalent per day and elevates CapEx to $675-$700 million.

CVXPositive Net Change XOMPositive Net Change FTIPositive Net Change FANGPositive Net Change

Zacks Equity Research

Chevron and Honeywell Team Up to Boost Refining Efficiency With AI

CVX and Honeywell collaborate to enhance refining processes with AI, boosting operational efficiency and safety in the industrial automation sector.

CVXPositive Net Change HONNegative Net Change FTIPositive Net Change EGYNegative Net Change

Aditi Kanoria

3 Stocks to Watch as Oil Prices Surge After Iran's Attack on Israel

Oil prices spike after Iran's missile strike on Israel, raising concerns about global supply disruptions. ExxonMobil, Chevron and EOG could profit from this geopolitical risk.

CVXPositive Net Change XOMPositive Net Change EOGPositive Net Change

Mark Vickery

Busy Day of Econ Reports, Strikes and Global Strife

With the attack of Iran on Israel earlier today, in addition to the dock strike across a large swath of the U.S., we saw more market-impacting news than we had even put on the calendar.

NKEPositive Net Change QQQNegative Net Change SPYNegative Net Change DIANegative Net Change

Nilanjan Choudhury

Oil Prices Fall 17% in Q3: 3 Reasons for the Slide

Oil prices took a dive in Q3, with OXY, DVN and APA being some of the weakest performers.

DVNPositive Net Change APAPositive Net Change OXYPositive Net Change

Sanghamitra Saha

Should You Buy Oil ETFs as OPEC Delays Output Hike?

The OPEC+ alliance is once again intensifying efforts to ensure member compliance with its agreed oil production cuts.

USOPositive Net Change DBOPositive Net Change USLPositive Net Change BNOPositive Net Change OILKPositive Net Change

Aditi Kanoria

3 U.S. Oil Majors Reveal $42 Billion in Foreign Payments in 2023

ExxonMobil, Chevron and ConocoPhillips paid more than $42 billion to foreign governments in 2023, eight times more than what they paid in the United States, according to new SEC disclosures.

CVXPositive Net Change XOMPositive Net Change COPPositive Net Change

Zacks Equity Research

ExxonMobil's $1.28 Billion Nigeria Deal With Seplat Nears Approval

Nigeria is set to approve XOM's $1.28B sale of its onshore assets to Seplat Energy, a move signaling the country's push for more foreign investments in the oil sector.

XOMPositive Net Change CLBNegative Net Change FTIPositive Net Change EGYNegative Net Change

Zacks Equity Research

Saipem Secures Key Role in Libyan Offshore Gas Project Worth $8B

SAPMF states that it has pre-qualified for EPCC work for Production Platform E, allowing the company to construct one of the largest production platforms in the Mediterranean region.

FTIPositive Net Change EGYNegative Net Change PEDNegative Net Change SAPMFPositive Net Change

Zacks Equity Research

Petrobras & Staatsolie Sign MoU to Explore Collaboration Opportunities

PBR believes that collaborating with Staatsolie might result in the adoption of more sustainable oil and gas practices, making its operations more resilient to climate change.

PBRNegative Net Change FTIPositive Net Change EGYNegative Net Change PEDNegative Net Change