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Zacks News
Resolute Energy (REN) to Divest $195 Million Paradox Assets
by Zacks Equity Research
The divestment deal will not only reduce the leverage of the company but will also make Resolute Energy (REN) a pure play in the Delaware Basin.
CNOOC (CEO) Unit Ends Aurora LNG Project Feasibility Study
by Zacks Equity Research
CNOOC's (CEO) subsidiary, Nexen will look for future investment potential in upstream and downstream projects in North America.
Is Shell (RDS.A) Pulling Out of Majnoon Oil Field in Iraq?
by Zacks Equity Research
Shell (RDS.A) is likely following the company's strategy of divesting $30 billion worth of assets globally.
SM Energy's (SM) Operations Return to Pre-Harvey Levels
by Zacks Equity Research
SM Energy (SM) announced that the hurricane will likely result in a slashed third-quarter production guidance.
Petrobras (PBR) Okays Discovery Global Lawsuit Settlement
by Zacks Equity Research
With the Discovery Global settlements, the company has settled 21 individual actions out of the total 27 that were consolidated with class action.
SeaDrill (SDRL) Files for Bankruptcy Protection, Shares Up
by Zacks Equity Research
SeaDrill (SDRL) enters into a restructuring agreement which will provide the company with $1.06 billion capital.
Oasis Petroleum (OAS) Midstream Unit Files for $150M IPO
by Zacks Equity Research
Oasis Petroleum (OAS) announces plans to take its Oasis Midstream Partners public by launching an IPO worth $150 million.
ConocoPhillips (COP) Restores Texas Production Post Harvey
by Zacks Equity Research
ConocoPhillips' (COP) third quarter and full-year 2017 production guidance remains unaltered post Harvey. The company has restored production in its Eagle Ford field to pre-Harvey level.
ExxonMobil Agrees to a Compromised LNG Deal with Petronet
by Zacks Equity Research
ExxonMobil (XOM) will increase supply volume by 1 million tons annually to India.
Callon Petroleum (CPE) Looks Good: Stock Adds 6% in Session
by Zacks Equity Research
Callon Petroleum (CPE) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.
Natural Gas Drops Sharply Amid Irma-Stoked Demand Worries
by Nilanjan Choudhury
Coming on the heels of tropical storm Harvey, Hurricane Irma is set to deal another powerful blow to the U.S. natural gas industry by sapping demand in the Florida region.
Kinder Morgan Signs MOU with Contractors for Trans Mountain
by Zacks Equity Research
Kinder Morgan (KMI) takes one step closer toward the construction of Trans Mountain pipeline by signing MOU with contractors.
Petrobras (PBR) to Divest 90% Stake in Gas Transport System
by Zacks Equity Research
Petrobras (PBR) attempts to revive financial health through its divestment program.
Magellan (MMP) to Start Work on New Delaware Basin Pipeline
by Zacks Equity Research
Magellan Midstream (MMP) plans to build a new pipeline to consolidate its fee-based services.
Denbury Restarts 90% Production as Harvey Makes an Exit
by Zacks Equity Research
Although Harvey is not expected to alter Denbury's (DNR) full-year 2017 production guidance, the third-quarter 2017 output might be reduced.
Stone Energy's (SGY) Rampart Deep Well Sees Drilling Success
by Zacks Equity Research
Stone Energy (SGY) announces the successful drilling of Rampart Deep well at Mississippi Canyon Block 116. This raises hope for adjacent prospects in the area.
Natural Gas Faces Harvey Threat, Even as Surplus Shrinks
by Nilanjan Choudhury
Representing a major demand shock, tropical storm Harvey is set to deal a powerful blow to the U.S. natural gas industry.
Range Resources (RRC) Down 14.5% Since Earnings Report: Can It Rebound?
by Zacks Equity Research
Range Resources (RRC) reported earnings about a month ago. What's next for the stock? We take a look at earnings estimates for some clues.
Hess Corp Contributes $1 Million to Support Harvey Victims
by Zacks Equity Research
Hess Corp (HES) contributes significant amount for relief of residents affected by Harvey.
Seadrill (SDRL) Lost 45% in a Month: What's Pushing It Down?
by Zacks Equity Research
SeaDrill (SDRL) has been going through a rough patch of late owing to increased debt and bankruptcy threats.
ConocoPhillips Donates $5 Million to Harvey Relief Fund
by Zacks Equity Research
ConocoPhillips (COP) contributes significant amount for relief of residents affected by Harvey.
Petrobras (PBR) to Offload 50 Offshore Oil and Gas Fields
by Zacks Equity Research
In sync with its divestment goals and focus toward ultra deepwater production projects, Petrobras (PBR) intends to vend 50 non-core oil and gas fields in Rio Grande do Norte and Bahia states
Denbury Suspends Operations in Houston due to Storm Harvey
by Zacks Equity Research
Denbury Resources (DNR) was compelled to suspend operations and temporarily shut all productions at its Houston area fields due to the rampage caused by Tropical Storm Harvey.
Shell's Arm Receives Approval for Delga Solar Farm Project
by Zacks Equity Research
Shell (RDS.A) arm Shell Australia, which is shifting its focus on cleaner and renewable energy sources, received an approval for the construction of a solar farm project in Western Downs.
Natural Gas Flat as Harvey-Induced Outage Offsets Mild Build
by Nilanjan Choudhury
U.S. natural gas futures ignored the in-line government inventory data and remained flat over the week on demand concerns over bearish weather forecasts and Harvey-induced power outages.