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Zacks News
ExxonMobil Plans to Sell French Refining Assets to North Atlantic
by Zacks Equity Research
XOM is set to sell its French refining assets to North Atlantic, retaining Esso retail and specialty operations. The deal is expected to be closed in Q4 2025.
Vermilion Energy to Sell Saskatchewan & Manitoba Assets for $415M
by Zacks Equity Research
VET mentions that proceeds from the asset sale are intended to strengthen the company's balance sheet and improve its financial position.
BP Deepens Ties With China, Signs LNG Supply Deal With Zhejiang Energy
by Zacks Equity Research
BP signs 10-year LNG sales and purchase agreement with China's Zhejiang Energy to supply up to 1 million metric tons per year of liquefied natural gas.
ConocoPhillips Clears Key Hurdle Ahead of Australian Drilling Push
by Zacks Equity Research
COP wraps seabed surveys in Australia's Otway Basin, paving the way for 2025 drilling as KNOC joins its domestic gas exploration drive.
Eni Eyes Strategic Partnership With GIP in CCUS Business
by Zacks Equity Research
E enters exclusive talks to sell 49.99% of its CCUS unit to GIP, aiming to scale carbon projects in the UK, the Netherlands and Italy amid the EU climate push.
Shell to Exit Mexico Retail Fuel Market Amid Regulatory Shift
by Zacks Equity Research
SHEL to leave Mexico fuel retail, transferring more than 200 stations and logistics to Iconn, as local firms strengthen their hold on the market.
Petrobras Achieves First Oil at Mero-4 in Brazil's Santos Basin
by Zacks Equity Research
PBR begins oil and gas production at Mero-4 via FPSO Alexandre de Gusmao over two months ahead of schedule in Brazil's Santos basin.
Venture Global's 28 MTPA CP2 LNG Plant Receives FERC Approval
by Zacks Equity Research
VG's CP2 LNG plant is expected to support the export capabilities of the United States and solidify its position as the largest exporter of natural gas.
Harbour Energy Begins First Oil Production From Maria Phase 2
by Zacks Equity Research
HBRIY has started oil flow from its Maria Phase 2 subsea project in Norway, marking a milestone in expanding its North Sea production.
BP Begins Sale of Castrol in $20B Asset Divestment Strategy
by Zacks Equity Research
BP kicks off sale of Castrol as part of a $20B divestment push, targeting a leaner portfolio and sharper focus under CEO Auchincloss.