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Zacks News
Equinor Reports Progress on Major Norwegian Development Projects
by Zacks Equity Research
EQNR is advancing 19 energy projects in Norway, contributing to Europe's energy security despite facing rising costs and delays in key projects.
Eni-Ithaca Merger Expands Footprint in North Sea Oil and Gas
by Zacks Equity Research
E's upstream merger with Ithaca Energy creates a major player in the North Sea, setting the stage for substantial oil and gas production and UK energy security.
Enbridge Completes Acquisition of PSNC From Dominion Energy
by Zacks Equity Research
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.
Equinor Awards Contract to Aker Solutions to Modify Troll A Platform
by Zacks Equity Research
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.
Eni's Plenitude Launches New Identity for Electric Mobility
by Zacks Equity Research
E's subsidiary, Plenitude, introduces "On the Road," streamlining its charging solutions to improve customer experience and promote electric mobility in Europe.
ExxonMobil's $1.28 Billion Nigeria Deal With Seplat Nears Approval
by Zacks Equity Research
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.
Suncor's Guilty Plea in 2019 Incident: Fines to be Imposed
by Zacks Equity Research
SU pleads guilty to safety breach after a 2019 incident on Terra Nova vessel, resulting in fines and a mandated review of its safety protocols.
ConocoPhillips Secures Court Approval to Seize PDVSA Payments
by Zacks Equity Research
A Trinidad court backs COP's claim to seize PDVSA payments, as the U.S. energy giant seeks to recover funds following Venezuela's expropriation of its assets.
Petrobras to Expand in Africa to Tap Global Energy Resources
by Zacks Equity Research
PBR to explore Africa's potential oil blocks while maintaining its focus on Brazil.
EQT to Reverse Gas Curtailments Amid Rising Demand and Prices
by Zacks Equity Research
EQT plans to ease its production cuts in October, with further increases in November.
Eni Nears KKR Deal as Investors Eye Second Biofuel Stake Sale
by Zacks Equity Research
As E finalizes a stake sale to KKR for its biofuel arm Enilive, new investors, including Stonepeak, are exploring opportunities to acquire a second stake in the growing unit.
Petrobras to Reopen Roncador Well to Boost Natural Gas Supply
by Zacks Equity Research
PBR plans to reopen an oil well in the Roncador field to boost the natural gas supply in Brazil, aiming to produce 1.7 million cubic meters per day.
OPEC's Forecast of Peak Oil Demand: A Long Horizon Ahead
by Nilanjan Choudhury
Considering OPEC's optimistic oil demand growth forecast, we recommend buying stocks like CLB, FTI and TUWOY.
BP Eyes Growth in India, Holds Board Meeting to Explore Options
by Zacks Equity Research
BP seeks to expand its footprint in India, focusing on its partnership with Reliance and leveraging its expertise to support the country's energy transition and sustainability goals.
APA and Palantir Sign Multi-Million-Dollar Deal Extension
by Zacks Equity Research
APA expands its multi-million-dollar deal with Palantir Technologies to integrate advanced AI capabilities, boosting efficiency in oil and gas operations.
Equinor Secures Key Suppliers for $9B Gas Project Offshore Brazil
by Zacks Equity Research
EQNR has secured key suppliers for its $9 billion Raia gas project in Brazil, aiming to meet 15% of the country's gas requirements. The project is slated to begin production in 2028.
Eni Publishes First Methane Report, Aims for Near-Zero Emissions
by Zacks Equity Research
E's first Methane Report outlines the company's decade-long mission to reduce methane emissions and its goal to achieve near-zero emissions by 2030.
SLB and AWS Partner to Boost Digital and Low-Carbon Innovation
by Zacks Equity Research
The partnership is likely to enable SLB's industry-leading subsurface software, Petrel, and wellbore software, Techlog, to be accessible on AWS, starting in 2024.
ExxonMobil Faces California Lawsuit Over Plastic Wastage
by Zacks Equity Research
California files a lawsuit against XOM, accusing the company of contributing to global plastic pollution by misleading the public about recycling's effectiveness.
Matador Closes $1.83B Ameredev Deal, Expands Delaware Footprint
by Zacks Equity Research
MTDR closes its $1.83 billion acquisition of Ameredev assets, strengthening its Delaware Basin operations with increased production and operational efficiency for long-term growth.
Equinor Cancels Blue Hydrogen Export Plans to Germany Amid Low Demand
by Zacks Equity Research
EQNR cancels plans to export blue hydrogen to Germany, citing high costs and lack of long-term demand. It shifts focus to other hydrogen projects in Europe.
Targa's Shares Gain 76% Year to Date: Time to Buy or Hold?
by Zacks Equity Research
TRGP boasts a 76% year-to-date share price increase, fueled by growth and stable revenues. Yet, concerns over debt and valuation raise concerns.
Chevron & Cyprus Resume Talks to Resolve Aphrodite Gas Field Dispute
by Zacks Equity Research
CVX and Cyprus engage in talks on the Aphrodite gas field, aiming to secure development without further delays.
SLB & NVIDIA Partner to Drive AI Innovation in Energy Sector
by Zacks Equity Research
SLB partners with NVIDIA to develop AI solutions for the energy sector, enhancing exploration, production, data management, and sustainable energy initiatives.
Halliburton Launches Octiv Auto Frac to Optimize Fracturing Operations
by Zacks Equity Research
HAL's Octiv Auto Frac revolutionizes fracture services with intelligent automation, enhancing operational consistency and reducing total costs for customers.