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Zacks News
Equinor & Polenergia Greenlight Major Baltic Offshore Wind Project
by Zacks Equity Research
EQNR and Polenergia state that the two offshore wind farms off the Polish coast are expected to have a generation capacity of 720 megawatts each.
Eni's Renewable Arm Plenitude Attracts Investment Interest From Ares
by Zacks Equity Research
E believes that by selling small stakes in its business units, it can support capital expenditures related to low-carbon business while maintaining its capacity to invest in upstream projects.
EQNR's North Sea Wells Indicate Strong Potential for Carbon Storage
by Zacks Equity Research
Equinor notes that the two wells, 32/7-1 and 32/4-4, could potentially serve as a carbon storage unit for its Smeaheia project.
Phillips 66 to Divest Majority Stake in European Fuel Retail Unit
by Zacks Equity Research
PSX is divesting a 65% stake in its Germany and Austria retail business, valued at $2.8 billion, as part of its strategy to streamline the portfolio and focus on core refining and midstream assets.
Venture Global Seeks FERC Approval for Third LNG Plant in Louisiana
by Zacks Equity Research
VG plans to make a final investment decision on the CP2 plant, which is also its third liquefaction plant in Louisiana, subject to FERC???s approval.
Tullow Oil Exits Gabon, Announces Asset Sale Worth $300 Million
by Zacks Equity Research
TUWOY notes that the sale of its Gabonese assets is beneficial to both the company and its shareholders. TUWOY plans to retain its focus on its core assets in Ghana.
SLB Launches Electris Tech to Boost Well Production and Recovery
by Zacks Equity Research
SLB rolls out Electris, a digital solution that enhances well productivity and lowers energy costs by controlling water production in complex reservoirs.
Equinor Warns Europe of LNG Supply Strain Amid Asia Competition
by Zacks Equity Research
A senior EQNR executive says Europe is vulnerable if it fails to secure 30 bcm of LNG amid rising Chinese demand and tighter global supplies.
VAALCO Energy to Execute Drilling Plans & FPSO Refurbishment in Africa
by Zacks Equity Research
EGY's plans in Cote d'Ivoire involve the refurbishment of the FPSO at the Baobab field in Block CI-40. In Gabon, EGY is gearing up for the 2025/2026 drilling program.
Eni Begins Gas Production at Merakes East Gas Field in Indonesia
by Zacks Equity Research
E commences production from Merakes East, boosting its Indonesia gas output by 18,000 boepd and reinforcing its LNG growth strategy in Southeast Asia.