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Shell (RDS.A) Bolsters Outlook for Downstream Segment

14h zacks
Royal Dutch Shell plc (RDS.A - Free Report) recently released a statement updating its downstream segment’s outlook, bringing in pleasant news for the investors. Post the announcement, shares of the Anglo-Dutch giant have moved up 2.04% to eventually close at $63.48 on Mar 21. The European supermajor now expects strong growth in its downstream segment over the coming years. The company’s downstream segment — comprising refining, marketing/retail and chemical business — reported adjusted income of around $1. (51-0)

CNOOC's (CEO) Weizhou 6-13 Comes Online Ahead of Plans

19h zacks
CNOOC Limited (CEO - Free Report) recently reported the production start up at the Weizhou 6-13 oilfield, ahead of the schedule. (21-0)

Crude Oil Back Above $65: Buy These 5 Top Ranked E&P Stocks

19h zacks
Following the release of EIA crude inventory numbers, renewed geopolitical tensions in the Middle East and Fed announcement on interest rates, oil prices jumped above the psychologically important $65 per barrel level on Wednesday. West Texas Intermediate crude for May delivery gained $1.63, or 2.6%, to settle at $65.17 a barrel in electronic trading yesterday - the highest since early February. (30-0)

North Dakota Oil Production to Reach Record High in 2018

2018-03-21 zacks
As per North Dakota’s oil regulator, the state’s daily crude output fell 0.6% in January after decreasing 1.2% in the previous month. The North Dakota Department of Mineral Resources’ (‘DMR’) latest data said that oil production in January averaged 1,175,638 barrels a day, down 7,198 barrels a day from December. (33-0)

Exxon Mobil (XOM) to Follow Strategy and Boost Polypropylene

2018-03-21 zacks
Exxon Mobil Corporation (XOM - Free Report) recently commenced with a potential U.S. Gulf Coast project, intending to grow its capacity of producing polypropylene up to 450,000 tons a year. The company started the detailed engineering work of the project as it foresees a rise in demand for high-performance, lightweight durable plastics. (21-0)

SandRidge (SD) Nixes Merger Plan With Midstates Petroleum

2018-03-21 zacks
SandRidge Energy, Inc. (SD - Free Report) , an oil and gas player, recently aborted plans to merge with Tulsa-based rival Midstates Petroleum Company, in an all-stock deal. Last month, Midstates Petroleum had made the proposal to merge with SandRidge after the latter dropped its plan to acquire Colorado-based Bonanza, Creek Energy, Inc. (BCEI - Free Report) following intense opposition from its shareholders. (37-0)

Energy Transfer Forms a JV to Set Up Ethane Export Facility

2018-03-20 zacks
Energy Transfer Partners, L.P. (ETP - Free Report) is set to team up with Satellite Petrochemical USA Corporation for the construction of ethane export facility on the U.S. Gulf Coast. The joint venture (JV) will be named ‘Orbit Gulf Coast NGL Exports’ and aid in the supply of ethane to Satellite Petrochemical for its cracking facilities in Jiangsu province. The new facility will construct a refrigerated ethane tank with storage capacity of 800,000 barrels and 175,000 barrel per day ethane refrigeration facility. (21-0)

Enbridge's Line 3 Project Passes Minnesota Regulatory Test

2018-03-20 zacks
Enbridge Inc. (ENB - Free Report) recently cleared a significant regulatory hurdle of final environmental review for its proposed Line 3 crude pipeline project in northern Minnesota. The project has received unanimous approval from the Minnesota Public Utilities Commission. The project's fate now awaits an administrative law judge's report on its importance, which is expected to be released on Apr 23, 2018. (23-0)

Cenovus Energy Seeks Partner for C$1.3B Narrows Lake Project

2018-03-20 zacks
Per sources, Cenovus Energy Inc (CVE - Free Report) is looking for a partner to finance the costs amounting to C$1.3 billion ($993.1 million) relating to the construction of the supporting infrastructure at the company’s Narrows Lake oil sands project in Alberta. The Canadian energy firm’s balance sheet has been under tremendous pressure after it spent C$17 billion on the purchase of oil sands and natural gas assets from ConocoPhillips (COP) last year. (20-0)

Here's Why You Should Buy W&T Offshore Stock Right Away

2018-03-20 zacks
W&T Offshore, Inc. (WTI - Free Report) , on Mar 20, was upgraded to a Zacks Rank #1 (Strong Buy). (35-0)

Eni (E) Begins Production From Ochigufu in Offshore Angola

2018-03-20 zacks
Eni SpA (E - Free Report) recently announced commissioning of the first field of 2018 — Ochigufu — in offshore Angola. In addition, this is the first start-up of the year in Angola. Located at a water depth of 1300 meters in Angola’s deep offshore, the Ochigufu field lies about 150 kilometers west from Soyo and 380 kilometers north west from Luanda. The wells are linked subsea to the Sangos production system and attached to the N’Goma FPSO (Floating, Production, Storage and Offloading) vessel in the West Hub of Block 15/06. (16-0)

Investors' Radars Failed to Catch Continental Resources (CLR), Has Yours?

2018-03-20 zacks
It can be very difficult to find companies that are both flying under the radar, and still might have potential for gains. Many times, stocks are off investors’ radar screens for a reason, though there are some hidden gems that could be worth uncovering by those with a high risk tolerance. One way to find these underappreciated stocks is by looking at companies that haven’t seen their share prices move higher lately, but have observed analysts raising earnings estimates for their stock. (74-0)

Oklahoma & North Dakota See More Onshore Drilling Rigs

2018-03-19 zacks
In its weekly release, Baker Hughes (BHGE - Free Report) , a GE company, reported an increase in total rig count in the United States. (45-0)

Pros And Cons Of Buying ERX

2018-03-18 seekingalpha
However, the pros do not outweigh the cons since it makes much more sense to buy individual energy stocks. (22-0)

Continental Produced A Profit In 2017 And Is Likely To Do So Again This Year

2018-03-18 seekingalpha
For 2017 Continental managed to produce a small operating profit before taxes, and a significant profit when tax credits are included. (27-0)

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