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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.
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.
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.
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.
Williams (WMB) decides to abandon the NESE pipeline project due to environmental concerns and regulatory challenges, and deems it as a poor investment.
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.
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.
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.
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.
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.
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.
energy: Archive
Chevron (CVX) Exits U.K. North Sea, Divests Remaining Assets
by Zacks Equity Research
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
energy oil-energy
Crescent (CRGY) & SilverBow (SBOW) Unite in $2.1B Merger
by Zacks Equity Research
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
energy oil-energy
Here's Why Hold Strategy Is Apt for BP Shares Right Now
by Zacks Equity Research
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
energy oil-energy
Enbridge (ENB) Plans Equity Offering to Fund Major Acquisition
by Zacks Equity Research
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
energy oil-energy
Equinor's (EQNR) Empire Wind 1 Gets Final Approval in New York
by Zacks Equity Research
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
energy oil-energy
Is Chevron's (CVX) $53B Acquisition of Hess in Jeopardy?
by Nilanjan Choudhury
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
energy
Pembina (PBA) Targets June Investment Decision for Cedar LNG
by Zacks Equity Research
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
energy oil-energy
Is WFCMX a Strong Bond Fund Right Now?
by Zacks Equity Research
MF Bond Report for WFCMX
WFCMXNegative Net Change
bond energy mutual-funds
Is ORNAX a Strong Bond Fund Right Now?
by Zacks Equity Research
MF Bond Report for ORNAX
ORNAXNegative Net Change
bond energy mutual-funds
GeoPark (GPRK) Acquires Unconventional Blocks in Argentina
by Zacks Equity Research
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
energy oil-energy
Williams (WMB) Abandons NESE Project Over Environmental Dispute
by Zacks Equity Research
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
energy oil-energy
BP Invests in Hysata's $111M Green Hydrogen Technology Round
by Zacks Equity Research
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
energy oil-energy
Eni (E) to Divest $1.52B Stake to Help Reduce Italy's Debt
by Zacks Equity Research
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
energy oil-energy
What Are the Key Takeaways From IEA's Oil Market Report?
by Nilanjan Choudhury
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
energy oil-energy
Petrobras (PBR) Q1 Earnings Lag on High Pre-Salt Lifting Costs
by Zacks Equity Research
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
earnings energy oil-energy
Patterson-UTI (PTEN) Teams Up With ADNOC Drilling in the UAE
by Zacks Equity Research
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
energy oil-energy
Is VFIDX a Strong Bond Fund Right Now?
by Zacks Equity Research
MF Bond Report for VFIDX
VFIDXNegative Net Change
bond energy mutual-funds
Is USAIX a Strong Bond Fund Right Now?
by Zacks Equity Research
MF Bond Report for USAIX
USAIXNegative Net Change
bond energy mutual-funds
ExxonMobil (XOM) Strikes Oil With Likembe-01 Well Offshore Angola
by Zacks Equity Research
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
energy oil-energy
Equinor (EQNR), Petoro Optimize Operations With Asset Swap Deal
by Zacks Equity Research
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
energy oil-energy
TechnipFMC (FTI) Secures New Contract to Support Pluto LNG
by Zacks Equity Research
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
energy oil-energy
Pembina (PBA) Q1 Earnings Rise Y/Y, Sales Lag Estimates
by Zacks Equity Research
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
earnings energy oil-energy
Chevron (CVX) Targeted by Short Sellers: Should You Worry?
by Nilanjan Choudhury
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
energy
Is PDINX a Strong Bond Fund Right Now?
by Zacks Equity Research
MF Bond Report for PDINX
PDINXNo Net Change
bond energy mutual-funds
Bear of the Day: Peabody Energy (BTU)
by Andrew Rocco
Slowing demand, underperformance, and a weak industry group are reasons to avoid this coal producer.
BTUNegative Net Change HCCPositive Net Change ARCHPositive Net Change
earnings energy