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Zacks News
Targa Resources (TRGP) Surges 48.1% Since Q3 Earnings Beat
by Zacks Equity Research
Targa Resources' (TRGP) third-quarter 2020 distributable cash flow (DCF) of $294.7 million is 28.2% more than $229.9 million in the year-ago period.
Helmerich & Payne (HP) Incurs Narrower-Than-Expected Q4 Loss
by Zacks Equity Research
For the fiscal fourth quarter, Helmerich & Payne's (HP) Offshore Gulf of Mexico unit generates revenues of $32.3 million, down from $38.5 million in the prior-year quarter.
Is CNOOC (CEO) a Great Value Stock Right Now?
by Zacks Equity Research
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
BP Plans to Reduce Workforce in Chicago & Illinois Area
by Zacks Equity Research
BP to possibly lay off employees in Illinois and the Chicago area due to a sharp fall in oil prices.
ExxonMobil (XOM) Makes Non-Commercial Oil Discovery at Tanager-1
by Zacks Equity Research
Despite making a non-commercial discovery, ExxonMobil (XOM) intends to keep evaluating the exploration potential at the Kaieteur Block, offshore Guyana.
Repsol (REPYY) Picks Axens Technology for Biofuels Plant
by Zacks Equity Research
Repsol (REPYY) selects Axens Vegan technology for its advanced biofuels production plant to effectively address environmental regulations.
RPC (RES) Up 3% on Wider-than-Expected Q3 Earnings Beat
by Zacks Equity Research
Cost-reduction initiatives drive RPC's (RES) Q3 earnings. However, lower drilling activities are headwinds.
PetroChina (PTR) Q3 Earnings Jump on Pipeline Spin-Off Gains
by Zacks Equity Research
PetroChina's (PTR) total production of oil and natural gas during the nine months ended Sep 30, 2020 increased 4.3% year over year to 1,214.6 million barrels of oil equivalent.
Is CNOOC (CEO) a Great Value Stock Right Now?
by Zacks Equity Research
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Repsol (REPYY) Reveals Plans to Build Advanced Biofuel Plant
by Zacks Equity Research
Repsol (REPYY) announces plans to construct a production plant for advanced biofuels with an annual production capacity of 250,000 tons.
Tullow (TUWOY) Granted Approval for Uganda Asset Divestment
by Zacks Equity Research
Tullow (TUWOY) receives approval from the Uganda government for the sale of a $575-million stake to TOTAL, which will improve the company's liquidity.
Petrobras (PBR) Postpones Parque das Baleias Project by a Year
by Zacks Equity Research
Petrobras (PBR) terminates the platform charter bidding and sanctions the start of a new bid process.
Is CNOOC (CEO) a Great Value Stock Right Now?
by Zacks Equity Research
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Hess to Divest Shenzi Field Stake in GoM for $505 Million
by Zacks Equity Research
Hess (HES) intends to invest the proceeds from the Shenzi Field stake divestment in Guyana operations.
ExxonMobil Makes FID for Payara Development Offshore Guyana
by Zacks Equity Research
ExxonMobil (XOM) expects the Payara project to produce 220,000 barrels of oil per day and come online in 2024.
Is CNOOC (CEO) a Great Value Stock Right Now?
by Zacks Equity Research
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
CNOOC (CEO) Begins Production at Jinzhou 25-1 Oilfield
by Zacks Equity Research
CNOOC (CEO) expects the Jinzhou 25-1 Oilfield 6/11 project to touch its maximum output level of 16,500 barrels of crude oil daily in 2023.
ExxonMobil Closing in on Payara Project Deal With Guyana
by Zacks Equity Research
ExxonMobil (XOM) intends to produce 220,000 bpd from the Payara development, located offshore Guyana.
CNOOC Limited (CEO) Plans to Divest Stake in Scott Platform
by Zacks Equity Research
The sale could reportedly fetch CNOOC Limited (CEO) several hundred million dollars.
Can Oil Project Approvals Return to Pre-Coronavirus Level in 2022?
by Sayantika Bhattacharya
As a result of the coronavirus-induced ailing market condition, offshore commitments are now estimated to be $34 billion in 2020, reflecting a third of $101 billion reported in 2019.
CNOOC Starts Production at Liuhua 16-2/20-2 Oilfield Project
by Zacks Equity Research
CNOOC (CEO) expects the Liuhua 16-2 oilfield/20-2 oilfield joint development project to reach peak output capacity of 72,800 barrels of oil per day in 2022.
CNOOC Opens First Offshore Wind Power Farm With 300MW Capacity
by Zacks Equity Research
CNOOC's (CEO) first offshore wind power project connected to the grid underlines its effort in aiding energy transformation and executing its green and low-carbon strategy.
Petrobras Slashes 2021-2025 E&P CapEx Guidance Amid Coronavirus
by Zacks Equity Research
Petrobras (PBR) projects nearly $40-$50 billion expense on exploration and production between 2021 and 2025 compared with the past guidance of $64 billion announced in the 2020-2024 strategic plan.
Is CNOOC (CEO) Stock Undervalued Right Now?
by Zacks Equity Research
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
ConocoPhillips Expands North Sea Deal With Aker Solutions
by Zacks Equity Research
With the three-year stretch to the prevalent framework pact offshore Norway, Aker Solutions will carry on serving as the chief supplier of maintenance and modifications work at ConocoPhillips (COP).