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Petrobras (PBR) ousted CEO's tenure was marred by disagreements with government-appointed board members over the decision to pay extraordinary dividends to its shareholders.
Petrobras (PBR) plans to tender 26 newbuild vessels, boosting Brazilian shipbuilding with $2.5 billion investments in OSRV and RSV and supporting offshore drilling in the latter half of this decade.
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.
With natural gas price action remaining positive but volatile, we recommend investors hold onto companies with strong fundamentals, such as CTRA and LNG.
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.
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.
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.
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.
Williams (WMB) decides to abandon the NESE pipeline project due to environmental concerns and regulatory challenges, and deems it as a poor investment.
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.
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.
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.
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.
energy: Archive
Petrobras (PBR) Hit by Dividend Fiasco: All You Need to Know
by Zacks Equity Research
Petrobras (PBR) ousted CEO's tenure was marred by disagreements with government-appointed board members over the decision to pay extraordinary dividends to its shareholders.
PBRPositive Net Change SMPositive Net Change MPCNegative Net Change PUMPPositive Net Change
energy oil-energy
Petrobras (PBR) Launches Newbuild Support Vessel Tenders
by Zacks Equity Research
Petrobras (PBR) plans to tender 26 newbuild vessels, boosting Brazilian shipbuilding with $2.5 billion investments in OSRV and RSV and supporting offshore drilling in the latter half of this decade.
PBRPositive Net Change SUNNegative Net Change SMPositive Net Change AROCPositive Net Change
energy oil-energy
Chevron's (CVX) Tengiz Project Faces Cost Increase of $1.5B
by Zacks Equity Research
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 SMPositive Net Change AROCPositive Net Change
energy oil-energy
Why Did U.S. Natural Gas Prices Move Up 16.6% Last Week?
by Nilanjan Choudhury
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 EQTPositive Net Change LNGNegative Net Change CTRAPositive Net Change
energy oil-energy
Is PTTAX a Strong Bond Fund Right Now?
by Zacks Equity Research
MF Bond Report for PTTAX
PTTAXNegative Net Change
bond energy mutual-funds
Is USATX a Strong Bond Fund Right Now?
by Zacks Equity Research
MF Bond Report for USATX
USATXNegative Net Change
bond energy mutual-funds
Chevron (CVX) Exits U.K. North Sea, Divests Remaining Assets
by Zacks Equity Research
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 SMPositive Net Change AROCPositive Net Change
energy oil-energy
Crescent (CRGY) & SilverBow (SBOW) Unite in $2.1B Merger
by Zacks Equity Research
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 SMPositive Net Change SBOWPositive Net Change CRGYPositive Net Change
energy oil-energy
Here's Why Hold Strategy Is Apt for BP Shares Right Now
by Zacks Equity Research
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 HESNegative Net Change SMPositive Net Change ECPositive Net Change
energy oil-energy
Enbridge (ENB) Plans Equity Offering to Fund Major Acquisition
by Zacks Equity Research
The shares will be offered at Enbridge's (ENB) discretion, allowing sales to the public intermittently at current market prices.
DPositive Net Change SMPositive Net Change ECPositive Net Change ENBPositive Net Change
energy oil-energy
Equinor's (EQNR) Empire Wind 1 Gets Final Approval in New York
by Zacks Equity Research
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.
HESNegative Net Change SMPositive Net Change MPCNegative Net Change EQNRNegative Net Change
energy oil-energy
Is Chevron's (CVX) $53B Acquisition of Hess in Jeopardy?
by Nilanjan Choudhury
The Hess (HES) acquisition would grant Chevron (CVX) a substantial stake in the lucrative Stabroek Block offshore Guyana.
CVXNegative Net Change XOMNegative Net Change HESNegative Net Change
energy
Pembina (PBA) Targets June Investment Decision for Cedar LNG
by Zacks Equity Research
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.
HESNegative Net Change SUNNegative Net Change PBAPositive Net Change AROCPositive Net Change
energy oil-energy
Is WFCMX a Strong Bond Fund Right Now?
by Zacks Equity Research
MF Bond Report for WFCMX
WFCMXNegative Net Change
bond energy mutual-funds
Is ORNAX a Strong Bond Fund Right Now?
by Zacks Equity Research
MF Bond Report for ORNAX
ORNAXNegative Net Change
bond energy mutual-funds
GeoPark (GPRK) Acquires Unconventional Blocks in Argentina
by Zacks Equity Research
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 SMPositive Net Change GPRKPositive Net Change AROCPositive Net Change
energy oil-energy
Williams (WMB) Abandons NESE Project Over Environmental Dispute
by Zacks Equity Research
Williams (WMB) decides to abandon the NESE pipeline project due to environmental concerns and regulatory challenges, and deems it as a poor investment.
WMBPositive Net Change ENegative Net Change SMPositive Net Change AROCPositive Net Change
energy oil-energy
BP Invests in Hysata's $111M Green Hydrogen Technology Round
by Zacks Equity Research
BP Ventures and Templewater co-lead a $111M investment in Hysata, aiming to revolutionize green hydrogen with high-efficiency electrolyzers.
BPNegative Net Change HESNegative Net Change SMPositive Net Change MPCNegative Net Change
energy oil-energy
Eni (E) to Divest $1.52B Stake to Help Reduce Italy's Debt
by Zacks Equity Research
The sale involves 2.8% of Eni's (E) shares and is being conducted through an accelerated book building process.
HESNegative Net Change ENegative Net Change SMPositive Net Change ECPositive Net Change
energy oil-energy
What Are the Key Takeaways From IEA's Oil Market Report?
by Nilanjan Choudhury
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.
APAPositive Net Change SMPositive Net Change MPCNegative Net Change
energy oil-energy
Petrobras (PBR) Q1 Earnings Lag on High Pre-Salt Lifting Costs
by Zacks Equity Research
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 PBRPositive Net Change MPCNegative Net Change
earnings energy oil-energy
Patterson-UTI (PTEN) Teams Up With ADNOC Drilling in the UAE
by Zacks Equity Research
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.
PTENPositive Net Change HESNegative Net Change SUNNegative Net Change AROCPositive Net Change
energy oil-energy
Is VFIDX a Strong Bond Fund Right Now?
by Zacks Equity Research
MF Bond Report for VFIDX
VFIDXNegative Net Change
bond energy mutual-funds
Is USAIX a Strong Bond Fund Right Now?
by Zacks Equity Research
MF Bond Report for USAIX
USAIXNegative Net Change
bond energy mutual-funds
ExxonMobil (XOM) Strikes Oil With Likembe-01 Well Offshore Angola
by Zacks Equity Research
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 HESNegative Net Change SMPositive Net Change MPCNegative Net Change
energy oil-energy