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energy: Archive

Zacks Equity Research

Chevron (CVX) Exits U.K. North Sea, Divests Remaining Assets

Chevron's (CVX) exit from the North Sea follows the trend that several other U.S. oil companies have exhibited owing to the declining production in the region.

CVXPositive Net Change EPositive Net Change SMPositive Net Change AROCPositive Net Change

Zacks Equity Research

Crescent (CRGY) & SilverBow (SBOW) Unite in $2.1B Merger

Crescent Energy (CRGY) shareholders will own about 69-79% of the combined company, while SilverBow (SBOW) shareholders will own around 21-31% post completion of the deal.

EPositive Net Change SMPositive Net Change SBOWPositive Net Change CRGYPositive Net Change

Zacks Equity Research

Here's Why Hold Strategy Is Apt for BP Shares Right Now

BP's focus on operational efficiency and cost management is set to yield at least $2 billion in cash cost savings by the end of 2026.

BPPositive Net Change HESPositive Net Change SMPositive Net Change ECPositive Net Change

Zacks Equity Research

Enbridge (ENB) Plans Equity Offering to Fund Major Acquisition

The shares will be offered at Enbridge's (ENB) discretion, allowing sales to the public intermittently at current market prices.

DPositive Net Change SMPositive Net Change ECPositive Net Change ENBNegative Net Change

Zacks Equity Research

Equinor's (EQNR) Empire Wind 1 Gets Final Approval in New York

Equinor (EQNR) receives the final approval from New York State to begin construction of the 810 MW Empire Wind 1 offshore wind farm, supporting the state's 9,000 MW wind power goal by 2035.

HESPositive Net Change SMPositive Net Change MPCPositive Net Change EQNRPositive Net Change

Nilanjan Choudhury

Is Chevron's (CVX) $53B Acquisition of Hess in Jeopardy?

The Hess (HES) acquisition would grant Chevron (CVX) a substantial stake in the lucrative Stabroek Block offshore Guyana.

CVXPositive Net Change XOMPositive Net Change HESPositive Net Change

Zacks Equity Research

Pembina (PBA) Targets June Investment Decision for Cedar LNG

Pembina's (PBA) $4 billion Cedar LNG project with Haisla First Nation secures permits and progresses toward a June investment decision, aiming for a 2028 completion.

HESPositive Net Change SUNPositive Net Change PBANegative Net Change AROCPositive Net Change

Zacks Equity Research

Is WFCMX a Strong Bond Fund Right Now?

MF Bond Report for WFCMX

WFCMXNegative Net Change

Zacks Equity Research

Is ORNAX a Strong Bond Fund Right Now?

MF Bond Report for ORNAX

ORNAXNegative Net Change

Zacks Equity Research

GeoPark (GPRK) Acquires Unconventional Blocks in Argentina

GeoPark???s (GPRK) estimated production is set to increase to 5,500-6,500 boepd, contingent upon the closing date of the transaction.

EPositive Net Change SMPositive Net Change GPRKPositive Net Change AROCPositive Net Change

Zacks Equity Research

Williams (WMB) Abandons NESE Project Over Environmental Dispute

Williams (WMB) decides to abandon the NESE pipeline project due to environmental concerns and regulatory challenges, and deems it as a poor investment.

WMBPositive Net Change EPositive Net Change SMPositive Net Change AROCPositive Net Change

Zacks Equity Research

BP Invests in Hysata's $111M Green Hydrogen Technology Round

BP Ventures and Templewater co-lead a $111M investment in Hysata, aiming to revolutionize green hydrogen with high-efficiency electrolyzers.

BPPositive Net Change HESPositive Net Change SMPositive Net Change MPCPositive Net Change

Zacks Equity Research

Eni (E) to Divest $1.52B Stake to Help Reduce Italy's Debt

The sale involves 2.8% of Eni's (E) shares and is being conducted through an accelerated book building process.

HESPositive Net Change EPositive Net Change SMPositive Net Change ECPositive Net Change

Nilanjan Choudhury

What Are the Key Takeaways From IEA's Oil Market Report?

Despite IEA's lower oil demand projections, we believe the space is still a good one for investors to take a position in. We suggest buying stocks like SM, MPC and APA.

APAPositive Net Change SMPositive Net Change MPCPositive Net Change

Zacks Equity Research

Petrobras (PBR) Q1 Earnings Lag on High Pre-Salt Lifting Costs

As of Mar 31, 2024, Petrobras (PBR) records a net debt of $43,646 million. The company ends the quarter with cash and cash equivalents of $11,547 million.

CVXPositive Net Change COPPositive Net Change PBRNegative Net Change MPCPositive Net Change

Zacks Equity Research

Patterson-UTI (PTEN) Teams Up With ADNOC Drilling in the UAE

Patterson-UTI's (PTEN) subsidiary, Patterson-UTI International Holdings, Inc., partners with ADNOC Drilling for a UAE project, enhancing oilfield operations with U.S. shale expertise and strategic growth.

PTENPositive Net Change HESPositive Net Change SUNPositive Net Change AROCPositive Net Change

Zacks Equity Research

Is VFIDX a Strong Bond Fund Right Now?

MF Bond Report for VFIDX

VFIDXNegative Net Change

Zacks Equity Research

Is USAIX a Strong Bond Fund Right Now?

MF Bond Report for USAIX

USAIXNegative Net Change

Zacks Equity Research

ExxonMobil (XOM) Strikes Oil With Likembe-01 Well Offshore Angola

ExxonMobil's (XOM) Likembe-01, well found in Angola's Block 15, signals a potential upturn in the country's oil fortunes, marking a significant discovery after years of dwindling output.

XOMPositive Net Change HESPositive Net Change SMPositive Net Change MPCPositive Net Change

Zacks Equity Research

Equinor (EQNR), Petoro Optimize Operations With Asset Swap Deal

Equinor (EQNR) and Petoro agree to swap ownership of several Norwegian shelf assets, which aims to streamline operations and enhance resource management on the Halten Bank.

HESPositive Net Change SMPositive Net Change MPCPositive Net Change EQNRPositive Net Change

Zacks Equity Research

TechnipFMC (FTI) Secures New Contract to Support Pluto LNG

TechnipFMC (FTI) is responsible for the design, manufacture, and installation of the subsea production system, flexible pipe, and umbilicals for the Xena Infill well, at the Pluto LNG Project.

EPositive Net Change FTIPositive Net Change SMPositive Net Change AROCPositive Net Change

Zacks Equity Research

Pembina (PBA) Q1 Earnings Rise Y/Y, Sales Lag Estimates

Pembina (PBA) expects adjusted EBITDA in the C$4.05-C$4.30 billion range for full-year 2024.

SLBPositive Net Change VLOPositive Net Change PBANegative Net Change MGYPositive Net Change

Nilanjan Choudhury

Chevron (CVX) Targeted by Short Sellers: Should You Worry?

Despite increased shorting, Chevron's (CVX) shares edged up around 1.4% in April, adding approximately $5 billion to its market value.

CVXPositive Net Change APAPositive Net Change SMPositive Net Change MPCPositive Net Change

Zacks Equity Research

Is PDINX a Strong Bond Fund Right Now?

MF Bond Report for PDINX

PDINXNo Net Change

Andrew Rocco

Bear of the Day: Peabody Energy (BTU)

Slowing demand, underperformance, and a weak industry group are reasons to avoid this coal producer.

BTUNegative Net Change HCCPositive Net Change ARCHPositive Net Change