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Zacks News
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.
Are Investors Undervaluing RPC (RES) Right Now?
by Zacks Equity Research
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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.
Shell's Output Expansion Plan for Perdido Development Faces Delay
by Zacks Equity Research
SHEL operates the Perdido offshore development and holds a 35% working interest. The remaining 65% interest is held by Chevron and other partners.
Empire Wind Project at Risk as Equinor Faces Trump-Era Order
by Zacks Equity Research
EQNR warns that it may cancel the Empire Wind project off New York if the Trump-era stop-work order is not resolved, spending approximately $50 million a week to keep it afloat.
BP Awards Multi-Year Mauritania-Senegal Gas Field Deal to Oceaneering
by Zacks Equity Research
BP awards Oceaneering a 3-year subsea deal at the GTA gas field, with options to extend as field operations begin in Q2 2025.
Cenovus Energy Q1 Earnings Beat on Higher Upstream Production
by Zacks Equity Research
CVE Q1 earnings gain on higher contributions from the Oil Sands, Conventional, and Offshore units. However, revenues witness a year-over-year decline.
Enbridge Q1 Earnings Beat Estimates, Revenues Increase Y/Y
by Zacks Equity Research
ENB Q1 earnings and revenues beat estimates, driven by higher Adjusted EBITDA contributions across its key business segments. Revenues also increase from the prior-year level.
ExxonMobil to Invest $1.5B in Nigeria's Offshore Oilfields
by Zacks Equity Research
XOM eyes late-Q3 FID for Nigeria's Usan project as it shifts focus to secure deepwater plays with a $1.5B investment during 2025-2027.