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Zacks News
Eni Rejects Exmar's FLNG Bonus Claim in Congo LNG Dispute
by Zacks Equity Research
E rejects Exmar's demand for a bonus on the FLNG Tango, a key part of the Congo LNG project, sparking a contractual dispute between the two energy firms.
Chevron Speeds Up Expansion at Kazakhstan's Tengiz Oilfield
by Zacks Equity Research
CVX ramps up the $48 billion Tengiz oilfield expansion in Kazakhstan, marking a significant milestone by enhancing production.
HLX's Robotics Unit Secures Major Subsea Trenching Contract in UK
by Zacks Equity Research
Helix Energy's robotics unit, Helix Robotics Solutions, plans to deploy the Grand Canyon III trenching support vessel for the burial of inter-array cables at the Hornsea 3 Offshore Wind Farm.
BP Strikes Oil & Gas in Egypt's King Mariout Offshore Block
by Zacks Equity Research
BP's new oil and gas discovery in Egypt's King Mariout block strengthens its Mediterranean presence and aligns with the nation's growing offshore drilling push.
Shell Awards $70M Drilling Contract to Noble Corporation
by Zacks Equity Research
SHEL inks a major drilling contract with Noble Corporation for its Noble semisubmersible rigs, ensuring continued operations in the Americas.
BP Pauses Development of Kwinana Biofuels Plant Amid Cost Cuts
by Zacks Equity Research
BP's decision to pause the Kwinana Renewables Fuels project is likely to have stemmed from its increasing costs.
BKR to Supply Compression Technology for Aramco's Jafurah Gas Field
by Zacks Equity Research
Baker Hughes' cutting-edge gas compression technology should enhance the efficiency of production at the Jafurah gas field, further aiding Saudi Arabia's energy development.
Baker Hughes Launches Fully Electric Subsea System to Cut Emissions
by Zacks Equity Research
BKR has launched the industry's first fully electric subsea system, which will help boost efficiency, cut costs, and reduce carbon emissions in onshore and offshore operations.
Chevron's Future in Venezuela: Tough Choices Amid U.S. Policy
by Zacks Equity Research
CVX is in a fix as the Trump administration reconsiders its license in Venezuela. The oil giant is navigating sanctions and political pressure.
NE to Retire Two Cold-Stacked Drillships in Fleet Optimization Move
by Zacks Equity Research
Noble plans to divest the Pacific Meltem and Pacific Scirocco rigs and permanently keep them out of drilling operations.