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Zacks News
Oil & Gas International E&P Stock Outlook Upbeat on OPEC+ Cuts
by Nilanjan Choudhury
Currently at a five-month high above $45, the oil market is expected to tighten through the remainder of 2020, supported by the OPEC+ cuts.
Oil & Gas International E&P Industry: Coronavirus Destroys Demand
by Nilanjan Choudhury
Oil prices are unlikely to trade much higher from current levels in the near term, meaning pain ahead for the international E&P operators.
Oil & Gas Discoveries Hit 4-Year High: What Does it Imply?
by Kaibalya Pravo Dey
Energy behemoth ExxonMobil (XOM) leads the discoveries with four new findings in offshore Guyana in 2019.
Oil & Gas International E&P Industry Plagued by Supply Overhang
by Nilanjan Choudhury
Despite OPEC's continued production cut pledge, the world will still face a supply surplus in 2020 on North American shale production growth.
Oil & Gas Stock Roundup: Chevron's 2020 Capex, Transocean's Contract Win & More
by Nilanjan Choudhury
Chevron (CVX) set its investment budget for 2020 at $20 billion. Meanwhile, Transocean (RIG) announced that it has been awarded a one-year contract worth $91 million.
Kosmos (KOS) Dives Due to Partners' Ghana Production Issues
by Zacks Equity Research
Failed drilling of the Resolution well and disappointing results from its partners' Ghana fields induce Kosmos' (KOS) share price fall, thereby hurting investor confidence.
Tullow Tanks on Lower Production View, Dividend Suspension
by Zacks Equity Research
Tullow (TUWOY) is looking for a new CEO and until replacement, Dorothy Thompson will serve as the interim CEO.
Oil & Gas Stock Roundup: Energy Transfer's Acquisition, ExxonMobil's Guyana Oil Find & More
by Nilanjan Choudhury
Midstream biggie Energy Transfer (ET) said on Monday it would buy SemGroup (SEMG) for $5.1 billion. Meanwhile, supermajor ExxonMobil (XOM) confirmed its 14th oil discovery off the coast of Guyana.
Tullow Finds Oil for the 2nd Time in Orinduik Block, Guyana
by Zacks Equity Research
Tullow Oil's (TUWOY) Joe-1 oil discovery follows its massive and significant oil discovery in August at its Jethro-1 exploration well in Guyana.
OPEC Supply Cuts to Boost Oil & Gas International E&P Industry
by Nilanjan Choudhury
The oil market appears well supported, especially through steady demand from Asian consumers like China and India.