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Zacks News
Shell (SHEL) Hits Pause on Major Biofuels Plant in Europe
by Zacks Equity Research
Shell (SHEL) remains committed to achieving its net-zero emissions target by 2050 despite abandoning several renewable projects to focus on its more profitable ventures, primarily in oil and gas.
California Resources (CRC) Concludes Merger With Aera Energy
by Zacks Equity Research
California Resources (CRC) expects capital expenditure to be in the $170-$210 million range for the combined entity and net daily production in the band of 140-146 mboe per day for second-half 2024.
Repsol (REPYY) and NEO Energy Discuss North Sea Business Merger
by Zacks Equity Research
Repsol (REPYY) and NEO Energy are yet to provide an update on their potential merger. However, as per sources, both parties are engaged in extensive discussions and may make an announcement soon.
Phillips 66 (PSX) Ramps Up Production of Renewable Fuels
by Zacks Equity Research
Phillips 66's (PSX) Rodeo refinery in California uses lower carbon intensity feedstocks, which are processed via new pre-treatment units to convert them into renewable fuels.
ExxonMobil's (XOM) Hammerhead Project Fuels Guyanese Production
by Zacks Equity Research
ExxonMobil (XOM) is currently producing around 650,000 barrels per day of oil from Guyana, and the Hammerhead FPSO is expected to ramp up the production to 1.5 million barrels per day.
Shell (SHEL) Advances Carbon Capture Initiatives in Canada
by Zacks Equity Research
Shell's (SHEL) Polaris project is being developed to capture an estimated 650,000 tons of carbon dioxide from Shell's refinery and chemical complex in Scotford, Alberta.
Seadrill (SDRL) Divests Three Jack-up Rigs and JV Interest
by Zacks Equity Research
Seadrill (SDRL) concludes the sale of the West Castor, the West Telesto and the West Tucana jackup rigs operating offshore Qatar, for cash proceeds of $338 million.
Chevron's (CVX) Wheatstone LNG Facility Resumes Full Production
by Zacks Equity Research
Chevron's (CVX) Wheatstone LNG facility resumes operations following the completion of unplanned repairs at the Wheatstone offshore platform???s fuel gas system.
Equinor (EQNR) to Drill Additional Well in Heisenberg Discovery
by Zacks Equity Research
Equinor (EQNR) states that the additional well is a part of PL 827 SB in Norway and the drilling operations will be carried out by the Deepsea Atlantic semisubmersible rig.
ExxonMobil (XOM) Initiates Lau-Lau 2 Appraisal Offshore Guyana
by Zacks Equity Research
ExxonMobil's (XOM) appraisal of Lau-Lau 2 is a part of the energy major's extensive exploration program, which includes other wells like Haimara 3 and 4, Trumpetfish-1 and Bluefin-1.