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energy: Archive
Making Sense of Delek US Holdings' $400M Stock Buyback Plan
by Zacks Equity Research
DK's latest repurchase expansion is supported by cash reserves of more than $650 million.
CLBPositive Net Change DKPositive Net Change NINEPositive Net Change
energy oil-energy
Transocean to Sell Two Drillships to Optimize Asset Portfolio
by Zacks Equity Research
RIG plans to sell the Development Driller III and Discoverer Inspiration drillships for $342 million, aiming to reduce debt and optimize its portfolio.
RIGPositive Net Change CLBPositive Net Change EGYPositive Net Change MPLXPositive Net Change
energy oil-energy
Helmerich & Payne Hits 52-Week Low: Should You Still Hold HP Stock?
by Zacks Equity Research
HP's long-term prospects appear strong on the back of its advanced rig fleet, accretive KCA Deutag acquisition and low debt.
NBRPositive Net Change HPPositive Net Change
energy oil-energy
3 Broker-Favored Energy Stocks That Investors Should Monitor
by Nilanjan Choudhury
Considering the unpredictability and volatility of the energy space, we advise focusing on broker-favored stocks like SLB, Valero Energy and Targa Resources.
SLBPositive Net Change VLOPositive Net Change TRGPPositive Net Change
energy oil-energy
Equinor Shifts Focus to Boost Profit, Downsizes Renewables
by Zacks Equity Research
EQNR plans to downsize its renewables division, shifting its focus from growth to profitability amid industry challenges and rising costs.
CLBPositive Net Change FTIPositive Net Change MPLXPositive Net Change EQNRPositive Net Change
energy oil-energy
ExxonMobil Aims to Take Full Control of Permian JV From Sinochem
by Zacks Equity Research
Acquiring the remaining stake in the Wolfcamp JV would reinforce XOM's leadership in the Permian Basin and provide strategic advantages amid the evolving global energy landscape.
XOMPositive Net Change CLBPositive Net Change FTIPositive Net Change MPLXPositive Net Change
energy oil-energy
Harbour's Wintershall Dea Acquisition Set for Early Closure
by Zacks Equity Research
HBRIY's acquisition of Wintershall Dea???s exploration and production assets should diversify its geographical presence and establish it as one of the largest independent energy companies in the world.
FTIPositive Net Change EGYPositive Net Change MPLXPositive Net Change HBRIYNo Net Change
energy oil-energy
Natural Gas Weekly Review and 2 Stocks Worth Considering
by Nilanjan Choudhury
Based on several factors impacting the natural gas market, we recommend investors hold on to stocks like RRC and AR.
APAPositive Net Change RRCPositive Net Change EQTNegative Net Change ARPositive Net Change
energy oil-energy
BP to Produce Jet Fuel From Crops and Waste at Cherry Point
by Zacks Equity Research
BP's Cherry Point refinery is set to produce jet fuel from crops and waste, backed by a $27 million federal grant, creating jobs and boosting green aviation.
BPPositive Net Change CLBPositive Net Change FTIPositive Net Change MPLXPositive Net Change
energy oil-energy
Shell to Sell Sinco Pipeline and Colex Terminal to Edgewater
by Zacks Equity Research
SHEL's subsidiary plans to divest its Sinco pipeline and Colex terminal to Edgewater, simplifying its portfolio and focusing on lower-emission projects.
FTIPositive Net Change EGYPositive Net Change MPLXPositive Net Change SHELPositive Net Change
energy oil-energy
TechnipFMC's Stock Is Soaring, But Is It Time to Buy FTI?
by Zacks Equity Research
FTI's total backlog reached a historic high of $13.9 million in the second quarter of 2024.
CLBPositive Net Change FTIPositive Net Change NINEPositive Net Change
energy oil-energy
ExxonMobil Seeks 3-Year Extension for Golden Pass LNG Project
by Zacks Equity Research
XOM and QatarEnergy request a three-year extension from regulators for the Golden Pass LNG project, citing contractor changes and potential weather disruptions.
XOMPositive Net Change FTIPositive Net Change PDSPositive Net Change MPLXPositive Net Change
energy oil-energy
ConocoPhillips to Proceed With $22.5M Acquisition of Marathon Oil
by Zacks Equity Research
The COP-MRO merger is expected to close by the end of the fourth quarter of 2024.
COPPositive Net Change MROPositive Net Change PDSPositive Net Change MPLXPositive Net Change
energy oil-energy
Oceaneering Secures Multiple Contracts in the UK North Sea
by Zacks Equity Research
OII's recent contracts highlight its expansion into a key market and underscore its strong relationship with major clients in the UK North Sea region.
FTIPositive Net Change OIIPositive Net Change EGYPositive Net Change MPLXPositive Net Change
energy oil-energy
Why Holding Marathon Petroleum Stock Makes Sense for Now
by Zacks Equity Research
MPC shows strong cash flow and strategic growth, making it a solid hold despite turnaround costs and oil price volatility risks.
FTIPositive Net Change SMPositive Net Change MPCPositive Net Change MPLXPositive Net Change
energy oil-energy
Company News for Aug 30, 2024
by Zacks Equity Research
Companies in The News Are: CM, AAPL, C, DG, MRO
CNegative Net Change AAPLNegative Net Change MROPositive Net Change DGNegative Net Change CMNegative Net Change
energy finance retail
Southern's Unit to Launch Renewable Initiative for Microgrid
by Zacks Equity Research
SO's subsidiary, PowerSecure, plans to launch a 100% renewable fuel initiative with HVO at Durham microgrid, highlighting its commitment to clean energy and sustainability.
SOPositive Net Change DTEPositive Net Change SJWPositive Net Change EONGYNegative Net Change
energy utilities
BP Awards FEED Contract to Technip Energies for H2Teesside
by Zacks Equity Research
BP's H2Teesside project is aimed at producing approximately 1.2 gigawatts (GW) of low-carbon hydrogen. Technip Energies will conduct a FEED study for the project.
BPPositive Net Change FTIPositive Net Change EGYPositive Net Change MPLXPositive Net Change
energy oil-energy
5 Top-Ranked Value Stocks With Discounted PEG Ratio to Buy
by Urmimala Biswas
Five PEG-based stocks that fulfill our screening criteria are Genpact, MPLX, Exelixis, Paramount Global and H&R Block.
HRBNegative Net Change EXELPositive Net Change GPositive Net Change MPLXPositive Net Change PARANegative Net Change
business-services consumer-discretionary energy medical oil-energy
SLB Develops New Solution to Advance Carbon Storage Projects
by Zacks Equity Research
SLB's well integrity assessment solution can help companies detect risks associated with wells and their potential impact on the early stages of development of carbon storage projects.
SLBPositive Net Change FTIPositive Net Change SMPositive Net Change MPLXPositive Net Change
energy oil-energy
Equinor Cancels Key Offshore Wind Projects Amid Rising Costs
by Zacks Equity Research
EQNR exits offshore wind projects in Spain and Portugal, citing rising costs and market challenges in the renewables sector.
FTIPositive Net Change SMPositive Net Change MPLXPositive Net Change EQNRPositive Net Change
energy oil-energy
Petrobras, TGS Enter Tech and Research Partnership in Brazil
by Zacks Equity Research
PBR and TGS ink a MOU to enhance Brazil's energy sector with advancements in oil and gas exploration, production efficiency and renewable energy technologies.
PBRPositive Net Change FTIPositive Net Change SMPositive Net Change MPLXPositive Net Change
energy oil-energy
Shell's Nigerian Onshore Asset Sale Faces Regulatory Hurdles
by Zacks Equity Research
SHEL states that it is not selling its onshore assets directly to Renaissance. The transaction involves a transfer of shares, which means that it will only transfer the ownership of the assets.
FTIPositive Net Change SMPositive Net Change MPLXPositive Net Change SHELPositive Net Change
energy oil-energy
Equinor Cancels Plan for Vietnam's Offshore Wind Sector
by Zacks Equity Research
EQNR scraps its plan to invest in the offshore wind sector in Vietnam. It will also end its business development operations in the country and close its Hanoi office.
FTIPositive Net Change SMPositive Net Change MPLXPositive Net Change EQNRPositive Net Change
energy oil-energy
Goldman Sachs Trims Oil View: What's Next for Energy Stocks?
by Nilanjan Choudhury
Despite Goldman Sachs' downward revision to the oil price forecast, the space still looks good for investment. We recommend buying stocks like SM, FTI and TUWOY.
GSNegative Net Change FTIPositive Net Change SMPositive Net Change TUWOYNegative Net Change
energy oil-energy