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Halliburton (HAL) Recruited by Energean for Greece Project
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The Houston, TX-based oilfield services firm, Halliburton Company (HAL - Free Report) , announced that it won a contract from Energean to evaluate the carbon storage potential of the Prinos basin in Greece. Energean is an independent exploration and production company that focuses on developing resources in the Mediterranean and the U.K. North Sea. It holds the full operatorship interest in the Prinos license, south of the mainland of Northern Greece.
Halliburton declared that its carbon capture, utilization and storage (CCUS) specialists would work in collaboration with Energean to gauge the Prinos area’s carbon dioxide storage complex. The scope of work in this project, which got underway in early March, comprises long-term plume modeling, characterizing the storage complex and a conceptual development blueprint with performance modeling.
Martin White, vice president of Halliburton Europe, Eurasia and Sub-Saharan Africa, stated that the project would be the first end-to-end CCS subsurface evaluation partnership between an operator and an energy services provider in Europe. He also mentioned that his company is excited to form a solid relationship with Energean for a project that would utilize both HAL’s vast carbon storage knowledge and Energean’s deep local understanding of the Prinos areas.
“We are excited to collaborate in this landmark project with Halliburton,” remarked Katerina Sardi, Energean Managing Director and Country Manager in Greece.
Halliburton Company is one of the largest oilfield service providers in the world, offering a variety of equipment, maintenance, and engineering and construction services to the energy, industrial and government sectors. The company operates in more than 80 countries. Founded in 1919, Halliburton employs more than 40,000 people and operates under two main segments: Completion and Production, and Drilling and Evaluation.
The Zacks Consensus Estimate for Vista’s 2022 earnings is pegged at $1.55 per share, up 187% from the projected year-ago earnings of 54 cents.
Vista stock has rallied 251.8% in a year. The Zacks Consensus Estimate for VIST’s 2022 earnings has been revised 11.5% upward over the past 60 days.
PDC Energy’s stock has gone up 119.8% in a year. The Zacks Consensus Estimate for PDC Energy’s 2022 earnings has been revised about 35% upward over the past 30 days from $10.39 per share to $14.03.
The Zacks Consensus Estimate for PDCE’s 2022 earnings is pegged at $14.03 per share, up 75.6% from the projected year-ago earnings of $7.99.
The Zacks Consensus Estimate for Devon Energy’s 2022 earnings is projected at $6.66 per share, up about 88.7% from the projected year-ago earnings of $3.53. Devon Energy stock has rallied 195.4% in a year.
Devon Energy beat the Zacks Consensus Estimate for earnings in all the trailing four quarters, the average being around 18.5%. DVN is valued at around $40 billion.
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Halliburton (HAL) Recruited by Energean for Greece Project
The Houston, TX-based oilfield services firm, Halliburton Company (HAL - Free Report) , announced that it won a contract from Energean to evaluate the carbon storage potential of the Prinos basin in Greece. Energean is an independent exploration and production company that focuses on developing resources in the Mediterranean and the U.K. North Sea. It holds the full operatorship interest in the Prinos license, south of the mainland of Northern Greece.
Halliburton declared that its carbon capture, utilization and storage (CCUS) specialists would work in collaboration with Energean to gauge the Prinos area’s carbon dioxide storage complex. The scope of work in this project, which got underway in early March, comprises long-term plume modeling, characterizing the storage complex and a conceptual development blueprint with performance modeling.
Martin White, vice president of Halliburton Europe, Eurasia and Sub-Saharan Africa, stated that the project would be the first end-to-end CCS subsurface evaluation partnership between an operator and an energy services provider in Europe. He also mentioned that his company is excited to form a solid relationship with Energean for a project that would utilize both HAL’s vast carbon storage knowledge and Energean’s deep local understanding of the Prinos areas.
“We are excited to collaborate in this landmark project with Halliburton,” remarked Katerina Sardi, Energean Managing Director and Country Manager in Greece.
Halliburton Company is one of the largest oilfield service providers in the world, offering a variety of equipment, maintenance, and engineering and construction services to the energy, industrial and government sectors. The company operates in more than 80 countries. Founded in 1919, Halliburton employs more than 40,000 people and operates under two main segments: Completion and Production, and Drilling and Evaluation.
Halliburton currently has a Zacks Rank #2 (Buy). Other top-ranked stocks from the energy space that warrant a look include Vista Oil & Gas (VIST - Free Report) , PDC Energy and Devon Energy (DVN - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Vista’s 2022 earnings is pegged at $1.55 per share, up 187% from the projected year-ago earnings of 54 cents.
Vista stock has rallied 251.8% in a year. The Zacks Consensus Estimate for VIST’s 2022 earnings has been revised 11.5% upward over the past 60 days.
PDC Energy’s stock has gone up 119.8% in a year. The Zacks Consensus Estimate for PDC Energy’s 2022 earnings has been revised about 35% upward over the past 30 days from $10.39 per share to $14.03.
The Zacks Consensus Estimate for PDCE’s 2022 earnings is pegged at $14.03 per share, up 75.6% from the projected year-ago earnings of $7.99.
The Zacks Consensus Estimate for Devon Energy’s 2022 earnings is projected at $6.66 per share, up about 88.7% from the projected year-ago earnings of $3.53. Devon Energy stock has rallied 195.4% in a year.
Devon Energy beat the Zacks Consensus Estimate for earnings in all the trailing four quarters, the average being around 18.5%. DVN is valued at around $40 billion.