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Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
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Shell Taps Stena DrillMAX for Drilling Campaign Offshore Suriname
Shell plc (SHEL - Free Report) , the British energy giant, has hired Stena Drilling for work offshore Suriname. The energy giant has awarded a contract to Stena Drilling, via its subsidiaries KE STP Company and BG International Limited Suriname Branch, for the Stena DrillMAX drillship. This drillship is a Mobile Offshore Drilling Unit, commonly used for exploration and production activities in offshore environments.
Shell's drilling campaign is anticipated to commence in the second half of this year. Stena Drilling has mentioned that its contract includes drilling two firm wells and two optional wells.
The Stena DrillMAX is a sixth-generation drillship suitable for exploration and production activities in harsh environments. It is a dual-activity, dynamically positioned vessel that boasts a maximum drilling depth of nearly 10,000 feet under water.
The drillship was hired by TotalEnergies earlier in 2025 for work offshore Suriname. Under the contract with TotalEnergies, Stena DrillMAX is expected to carry out managed pressure drilling for one exploration well in the region. The work for this contract was scheduled to begin in the second quarter of 2025.
SHEL’s Zacks Rank and Key Picks
SHEL currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the energy sector are Archrock Inc. (AROC - Free Report) , Nine Energy Service (NINE - Free Report) and Kinder Morgan, Inc. (KMI - Free Report) . While Archrock currently sports a Zacks Rank #1 (Strong Buy), Nine Energy Service and Kinder Morgan carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Archrock Inc. is an energy infrastructure company based in the United States with a focus on midstream natural gas compression. AROC provides natural gas contract compression services and generates stable fee-based revenues. With natural gas playing an increasingly important role in the energy transition journey, Archrock is expected to witness sustained demand for its services.
Nine Energy Service provides onshore completion and production services for unconventional oil and gas resource development. NINE operates across key prolific basins in the United States, including the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus and Utica, as well as throughout Canada. With a sustained demand for oil and gas in the future, the need for NINE Energy’s services is anticipated to increase, which should position the company for growth in the long run.
Kinder Morgan is a leading North American midstream player with a stable and resilient business model, largely driven by take-or-pay contracts. KMI’s stable business model shields it from commodity price volatility, resulting in predictable earnings and facilitating reliable capital returns to its shareholders.