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energy: Archive

Zacks Equity Research

TC Energy's Pipeline Deal With Indigenous Communities Hits Snag

TRP continues to focus on finalizing a deal with an indigenous-owned investment partnership for the NGTL System and the Foothills Pipeline assets.

TRPNegative Net Change EGYNegative Net Change MPLXNegative Net Change PEDNegative Net Change

Zacks Equity Research

Murphy USA Reaches 52-Week High: Is the Stock Still Attractive?

MUSA's elevated valuation suggests that the market may have already priced in much of the stock's potential growth.

MUSANegative Net Change MPCPositive Net Change PSXNegative Net Change

Sweta Killa

Rise in Oil Price Fails to Lift Energy ETFs: What's Ahead?

Oil heads for its first weekly gain in a month buoyed by Hurricane Francine but fails to spur energy ETFs.

XLEPositive Net Change XOPPositive Net Change VDEPositive Net Change OIHNegative Net Change FENYPositive Net Change

Zacks Equity Research

Delek's Subsidiary Acquires EIV Capital's H2O Midstream for $230M

DK's subsidiary Delek Logistics acquires H2O Midstream for $230 million, expanding its water management services in the Permian Basin.

DKPositive Net Change EGYNegative Net Change MPLXNegative Net Change DKLNegative Net Change

Zacks Equity Research

Eni Restructures Business to Unlock Satellite Value and Boost Growth

E restructures its business to unlock satellite company value, drive chemical division transformation and accelerate decarbonization efforts.

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

Nilanjan Choudhury

CVX, APA, COP Stocks Hit 52-Week Low as Oil Market Slides

The current oil market sentiment remains fragile, with stocks like Chevron, APA and ConocoPhillips, among others, falling to their 52-week lows.

CVXPositive Net Change COPPositive Net Change APAPositive Net Change

Zacks Equity Research

Marathon's Detroit Refinery Gets Green Light for Increased Throughput

MPC receives revised air permit for Detroit refinery, enabling increased production while addressing environmental concerns.

CLBNegative Net Change MPCPositive Net Change EGYNegative Net Change MPLXNegative Net Change

Zacks Equity Research

Saipem Launches XolarSurf's First Prototype for Testing in Norway

SAPMF's XolarSurf is a floating solar energy system designed for harsh offshore environments. The solution can produce electricity from solar panels fitted on floaters.

EGYNegative Net Change MPLXNegative Net Change PEDNegative Net Change SAPMFPositive Net Change

Zacks Equity Research

Transocean Secures New Drilling Assignment in the Gulf of Mexico

Work related to RIG's new eighth-generation drillship, Deepwater Atlas, is expected to begin in the second quarter of 2028.

BPPositive Net Change RIGPositive Net Change MPLXNegative Net Change PEDNegative Net Change

Zacks Equity Research

ExxonMobil CEO Vows Legal Action Against Proxy Rule Abusers

XOM CEO Darren Woods promises legal action against activist shareholders who abuse the proxy process, aiming to protect broader shareholder interests.

XOMPositive Net Change CLBNegative Net Change EGYNegative Net Change MPLXNegative Net Change

Zacks Equity Research

Eni Secures Ministry Approval for Livorno Biorefinery Project

E is set to begin construction of its third biorefinery in Livorno after receiving approval from Italian regulators, advancing its mission to achieve carbon neutrality by 2050.

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

Nilanjan Choudhury

Oil Stocks Crash After OPEC Revises Demand Forecast Downward

Among the hardest hit were Diamondback Energy, APA Corporation, and ExxonMobil. with shares of each falling around 4% on Tuesday.

CVXPositive Net Change XOMPositive Net Change FANGPositive Net Change

Zacks Equity Research

APA Corporation to Divest Non-Core Permian Basin Assets for $950M

APA plans to divest Permian Basin assets for $950 million and will focus on reducing debt and boosting production.

APAPositive Net Change CLBNegative Net Change EGYNegative Net Change MPLXNegative Net Change

Zacks Equity Research

Enbridge Vacates Gulf of Mexico Platforms as Francine Nears Landfall

ENB plans to evacuate its staff from three offshore platforms. The platforms are likely to continue operations via remote operators.

ENBNegative Net Change EGYNegative Net Change MPLXNegative Net Change PEDNegative Net Change

Zacks Equity Research

Pembina's Shares Gain 18% YTD: Should You Buy or Wait for Now?

PBA offers a strong dividend and growing cash flow, but it is also exposed to commodity price fluctuations and regional market risks.

CLBNegative Net Change EGYNegative Net Change MPLXNegative Net Change PBANegative Net Change

Zacks Equity Research

SLB Achieves Breakthrough in Lithium Production in Nevada

SLB achieves a breakthrough with a 96% lithium recovery rate at its Nevada plant. It does so using innovative technology that's faster and more eco-friendly than any conventional extraction method.

SLBPositive Net Change CLBNegative Net Change EGYNegative Net Change MPLXNegative Net Change

Zacks Equity Research

Equinor Discovers New Gas in Norwegian Waters With Transocean Rig

EQNR and its partners make a new gas and condensate discovery in the Norwegian Sea, using Transocean's Spitsbergen rig. This helps boost development plans for the Lavrans field.

RIGPositive Net Change CLBNegative Net Change MPLXNegative Net Change EQNRNegative Net Change

Sanghamitra Saha

Inverse Oil ETFs to Play as Oil Slips to Lowest Level Since 2021?

Oil prices declined more than 3% on Sept. 10, 2024, and fell to the lowest level since 2021 as OPEC lowers demand growth forecast.

USOPositive Net Change BNOPositive Net Change SCONegative Net Change WTIDNegative Net Change

Zacks Equity Research

Shell Plans a 20% Cut in Its Workforce to Focus on Profitability

SHEL's exploration & development and subsurface divisions are expected to undergo restructuring. Its layoff strategy is likely to adversely impact the workforce in Houston.

EGYNegative Net Change MPLXNegative Net Change PEDNegative Net Change SHELPositive Net Change

Zacks Equity Research

ExxonMobil Exits Race to Buy Namibia Oil Block Stake From Galp

XOM withdraws from the race to buy a 40% stake in Namibia's Mopane oil block from Galp, leaving other major energy players to compete for the asset valued at $10 billion.

XOMPositive Net Change CLBNegative Net Change EGYNegative Net Change MPLXNegative Net Change

Zacks Equity Research

TC Energy Stock At 52-Week High: Is There More Opportunity?

TRP stands out as a dividend aristocrat, set to increase its dividend for the 25th consecutive year in 2024.

TRPNegative Net Change KMINegative Net Change PBANegative Net Change

Shrabana Mukherjee

New Analyst Coverage: 3 Stocks to Add to Investors' Portfolio

The recent surge in analyst coverage for stocks such as M/I Homes (MHO), Byrna (BYRN) and Delek (DKL) indicates the potential for significant price appreciation in the near term.

DKLNegative Net Change MHONegative Net Change BYRNPositive Net Change

Zacks Equity Research

Pembina Pipeline to Acquire Veren's Midstream Assets in C$400M Deal

PBA plans to buy oil batteries from Veren for C$400 million, which will strengthen its partnership through long-term contracts and strategic synergies.

CLBNegative Net Change EGYNegative Net Change PBANegative Net Change

David Bartosiak

Bear of the Day: Exxon Mobile (XOM)

The earnings growth is forecast to return next year but that might take some patience.

BPPositive Net Change XOMPositive Net Change ENegative Net Change

Zacks Equity Research

Chevron Submits an Updated Development Plan for Aphrodite Field

CVX's updated plan for development involves the drilling of four new subsea wells in the initial phase. These wells will be connected to a floating production unit.

CVXPositive Net Change ENegative Net Change EGYNegative Net Change MPLXNegative Net Change