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ConocoPhillips & KBR to Provide Mid-Scale LNG Solutions
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ConocoPhillips (COP - Free Report) recently agreed to partner with liquefied natural gas (LNG) engineer KBR, Inc. (KBR - Free Report) to work on designing a mid-scale LNG train. The companies expect the design to be ready for LNG projects that will start in 2019.
ConocoPhillips, along with KBR, will create a front-end engineering and design (FEED) for mid-scale capacity LNG trains, having a capacity in the range of 1.5-3.0 metric tons per annum (MTPA). The design will be used in both new LNG projects as well as LNG facility upgradations.
The designing project, which will be built with integrated modularized construction, will use the Optimized Cascade® process technology of ConocoPhillips. This technology is currently in use in LNG plants, which account for around 23% of the total global LNG supply.
Notably, the pillar of the project was actually built in 2017, utilizing KBR’s SmartSPENDSM methodology to reduce the cost of the LNG facilities that applied the Optimized Cascade® technology. The latest project will appropriate this experience of cost reduction for providing mid-scale LNG solution, which is expected to face high demand in the market.
Once successful, the project will bring immense efficiency and operability for the mid-scale LNG trains. ConocoPhillips will also work with KBR for the large-scale LNG trains category, which is using similar technology and methodology to provide low unit costs and fast deployment.
Price Performance
Houston, TX-based ConocoPhillips has gained 57.7% in the past year compared with 35.8% collective growth of its industry.
Zacks Rank & Stocks to Consider
Currently, ConocoPhillips has a Zacks Rank #3 (Hold). Investors interested in the Oil and Gas sector can opt for some better-ranked stocks like Petroleo Brasileiro S.A. or Petrobras (PBR - Free Report) and RGC Resources Inc. (RGCO - Free Report) . While Petrobras sports a Zacks Rank #1 (Strong Buy), RGC Resources carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Rio de Janeiro, Brazil-based Petrobras is an integrated energy company. The company’s top line for 2018 is likely to improve 7.5% year over year. In the last four reported quarters, it delivered an average positive earnings surprise of 10.4%.
Roanoke, VA-based RGC Resources’ full-year earnings are expected to grow 5.8%. In the last reported quarter, the company delivered an earnings surprise of 40%.
5 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2018 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs. A bonus Zacks Special Report names this breakthrough and the 5 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains.
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ConocoPhillips & KBR to Provide Mid-Scale LNG Solutions
ConocoPhillips (COP - Free Report) recently agreed to partner with liquefied natural gas (LNG) engineer KBR, Inc. (KBR - Free Report) to work on designing a mid-scale LNG train. The companies expect the design to be ready for LNG projects that will start in 2019.
ConocoPhillips, along with KBR, will create a front-end engineering and design (FEED) for mid-scale capacity LNG trains, having a capacity in the range of 1.5-3.0 metric tons per annum (MTPA). The design will be used in both new LNG projects as well as LNG facility upgradations.
The designing project, which will be built with integrated modularized construction, will use the Optimized Cascade® process technology of ConocoPhillips. This technology is currently in use in LNG plants, which account for around 23% of the total global LNG supply.
Notably, the pillar of the project was actually built in 2017, utilizing KBR’s SmartSPENDSM methodology to reduce the cost of the LNG facilities that applied the Optimized Cascade® technology. The latest project will appropriate this experience of cost reduction for providing mid-scale LNG solution, which is expected to face high demand in the market.
Once successful, the project will bring immense efficiency and operability for the mid-scale LNG trains. ConocoPhillips will also work with KBR for the large-scale LNG trains category, which is using similar technology and methodology to provide low unit costs and fast deployment.
Price Performance
Houston, TX-based ConocoPhillips has gained 57.7% in the past year compared with 35.8% collective growth of its industry.
Zacks Rank & Stocks to Consider
Currently, ConocoPhillips has a Zacks Rank #3 (Hold). Investors interested in the Oil and Gas sector can opt for some better-ranked stocks like Petroleo Brasileiro S.A. or Petrobras (PBR - Free Report) and RGC Resources Inc. (RGCO - Free Report) . While Petrobras sports a Zacks Rank #1 (Strong Buy), RGC Resources carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Rio de Janeiro, Brazil-based Petrobras is an integrated energy company. The company’s top line for 2018 is likely to improve 7.5% year over year. In the last four reported quarters, it delivered an average positive earnings surprise of 10.4%.
Roanoke, VA-based RGC Resources’ full-year earnings are expected to grow 5.8%. In the last reported quarter, the company delivered an earnings surprise of 40%.
5 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2018 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs. A bonus Zacks Special Report names this breakthrough and the 5 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains.
Click to see them right now >>