SLB Prepares to Restart 15 Oil Rigs in Venezuela
SLB is preparing to reactivate up to 15 idle drilling and workover rigs in Venezuela, with four expected to be operational by the end of 2026. This move aims to address bottlenecks in the country's crude production recovery, potentially increasing output significantly from the current two active onshore rigs. The effort is distinct from Formentera Partners' plans to import new rigs, and both initiatives highlight renewed international interest in Venezuela's vast oil reserves.
SLB, Formentera Plan to Reactivate Oil Rigs in Venezuela
Global technology company SLB and private equity firm Formentera Partners are making plans to reactivate oil drilling rigs in Venezuela, with the possibility of introducing more rigs in the coming months. SLB aims to reactivate up to 15 existing rigs, with four potentially operational this year, while Formentera is seeking international service providers to import additional rigs. This initiative seeks to boost Venezuela's oil production, which is currently limited by a low number of active rigs, despite challenges related to permits and equipment transportation.
Is SLB (SLB) Undervalued After Its Brunei Shell Contract Win?
SLB (SLB) is gaining attention after securing a contract with Brunei Shell Petroleum, leading to speculation about its valuation. The company's stock shows momentum with a 13.24% return over 30 days and 63.96% over a year, suggesting investors are focusing on its earnings power, particularly its digital business. Analysts suggest SLB is currently undervalued with a fair value of $61.39, driven by recurring digital revenue streams, though potential risks like spending cuts or integration challenges remain.
Venezuela signs oil deals with SLB and Hunt Oil
Venezuela has signed two new oil deals with international companies, according to hydrocarbons minister Paula Henao. A production sharing contract was signed with Hunt Oil for the Caro and Carisito fields, and an alliance was made with SLB for reservoir assessment services. These agreements follow a recent trend of increased oil and gas transactions in Venezuela, including a major agreement with BP for the Loran natural gas field.
Helix Energy Solutions Group (HLX), Why Is The Market Taking A Closer Look?
Helix Energy Solutions Group (HLX) is gaining market attention after strong Q2 2026 results, with sales of US$304.02 million and a net income of US$22.72 million, contrasting with a loss a year prior. The stock has seen significant gains, up 8.35% in the past month and 62.19% year-to-date, with a 1-year total shareholder return of 81.47%. Despite a recent re-rating, its fair value is estimated at $12.50, above its current trading price of $10.38, driven by growing demand in well abandonment, decommissioning, and offshore maintenance, as well as expansion in its Robotics segment.
Venezuela Signs Oil Deals With SLB and Hunt to Boost Production
Venezuela has signed agreements with oilfield service giant SLB and Hunt Oil Co. to boost its energy industry. The deals aim to increase oil production and modernize the sector through integrated reservoir studies and the implementation of AI-driven workflows. These efforts come as approximately half of Venezuela's current oil exports are now directed to U.S. refiners, with the U.S. also supplying naphtha to Venezuela to support crude production increases.
Ecopetrol Seals $1.2 Billion Deal for Controlling Stake in Brazil's Brava Energia
Colombia's state-controlled Ecopetrol has completed a $1.2 billion acquisition of a controlling 51% stake in Brazilian oil producer Brava Energia. The deal involved a voluntary tender offer for 25% and a share purchase agreement for an additional 26%, fully funded by an intercompany loan. This acquisition significantly diversifies Ecopetrol's portfolio beyond Colombia, expanding its presence in Brazil's growing oil market and adding substantial reserves and production capacity.
YPF, Eni and XRG seek Argentina investment incentives for twin-FLNG export project
YPF, Eni, and XRG, through their joint venture Argentina LNG, have applied to join Argentina's Large Investment Incentive Regime (RIGI) for a planned offshore FLNG project. The project aims to establish Argentina as a significant LNG exporter by linking Vaca Muerta gas production to two offshore floating liquefaction vessels with a combined capacity of 12 MMmt/year. A positive RIGI decision is crucial for unlocking investment ahead of a targeted year-end Final Investment Decision (FID) for this major development.
TechnipFMC (FTI) Is Up 7.7% After New Subsea Contract Win With Azule Energy
TechnipFMC (FTI) saw its stock rise by 7.7% after securing a significant subsea contract from Azule Energy, valued between US$75 million and US$250 million. This contract, involving the design and manufacture of flexible flowlines and risers for the West Hub Tails extension, reinforces TechnipFMC's strong order book and its reliance on capital-intensive offshore projects, which also presents a concentration risk. Despite some analysts forecasting higher revenues and earnings, the company's investment narrative projects a 5% downside to its current price based on a $76.00 fair value.
ExxonMobil awards contracts worth about 1.1 US billion dollars
ExxonMobil has awarded contracts worth approximately $1.1 billion for long-lead upstream equipment, supporting the initial phase of the Rovuma LNG project in Mozambique. This move marks a significant step towards a final investment decision and aims to optimize project execution timelines and ensure the availability of critical infrastructure. The project, a joint venture with ENI and CNPC, is expected to generate about $150 billion in revenues for the Mozambican State over its 30-year operational life.
ExxonMobil awards $1.1 billion in contracts for Mozambique's Rovuma LNG project
ExxonMobil has awarded approximately $1.1 billion in pre-investment contracts for upstream equipment for its Rovuma LNG Phase 1 project in Mozambique. These contracts, covering subsea production systems, large-bore production valves, and offshore line pipe, are a step towards the project's final investment decision. The awards follow ExxonMobil's lifting of force majeure on the project in November, after operations were paused in 2021 due to security concerns.
Who Owns The Valvoline Instant Oil Change Chain?
The Valvoline Instant Oil Change chain is owned by Valvoline, Inc., which sold its oil production and refining business to Saudi Aramco in 2023 to focus on its retail services. The chain operates over 2,100 locations through a hybrid model of company-owned and franchised stores, offering a range of services beyond quick oil changes. This strategic shift allows Valvoline to concentrate on its profitable retail division.
Empire Petroleum marks well re-entry in Western Haynesville
Empire Petroleum Corporation successfully re-entered and evaluated the 21,006-ft. Wakefield-Harrison GU B #1 well in Texas, marking a significant step in its gas development program. This achievement, completed for approximately $4.4 million, establishes a foundation for their strategy to develop the Intermediate Production Zones and Deep Productive Zones in the Fort Trinidad Field. Empire is positioning itself to capitalize on global energy market opportunities by being the first microcap energy company to reach such depths with modern logging and core samples.
WEEI ETF offers 11-12% yield via covered calls but lags energy sector gains due to capped upside.
The Westwood Salient Enhanced Energy Income ETF (WEEI) provides an 11-12% annual distribution through covered calls, but this strategy caps upside gains, causing it to lag behind the broader energy sector ETF (XLE) during rallies. While anticipated negative earnings growth for the energy sector in 2027 might narrow this performance gap, a sharp market downturn could permanently damage WEEI's share value due to its limited upside, unlike XLE which can fully recover.
Plato Investment Management Ltd Acquires New Holdings in SLB Limited $SLB
Plato Investment Management Ltd recently acquired 87,769 shares of SLB Limited (NYSE:SLB) valued at approximately $4.057 million, as disclosed in their latest 13F filing. Several other institutional investors also adjusted their positions in SLB, contributing to institutions now owning 81.99% of the company's stock. SLB reported strong quarterly earnings, exceeding analyst expectations with $0.55 EPS and $8.97 billion in revenue, and declared a quarterly dividend of $0.295 per share.
Ecopetrol Wins Auction to Take Control of Brazil’s Brava Energia
Ecopetrol has successfully acquired approximately 25% of Brava Energia S.A. through an auction on the B3 exchange, following a previous agreement to purchase 26% from existing shareholders. This combination will grant Ecopetrol a 51% controlling voting stake in the Brazilian oil and gas producer. The acquisition, which faced and overcame a temporary regulatory suspension, is a strategic move to expand Ecopetrol's international exploration and production portfolio and diversify its reserve base.
Halliburton (NYSE:HAL) stock in focus as geopolitical supply concerns lift oilfield services
Halliburton (NYSE:HAL) shares recently rose due to heightened geopolitical supply concerns, which brought the oilfield services sector into focus. As a major player in providing essential services for oil and gas extraction, Halliburton's stock performance reflects market sensitivity to supply-side developments and their impact on demand for oilfield services. The company's role in supporting global drilling and completion activity positions it sensitively within the industry.
BK Technologies (BKTI) Stock Slides While Margin Gains Meet Rising Spend
BK Technologies (BKTI) stock fell by 3% despite reporting a profitable Q2 2026 with basic earnings per share of US$0.84 on US$23.4m revenue and a gross margin of 51.9%. The decline is attributed to rising spending on R&D and software, increased SG&A, and a higher tax rate impacting GAAP EPS, alongside execution risks with new product deliveries expected in 2027. Investors are closely watching the company's ability to balance margin gains with increased investment and navigate potential delays.
South Bow Says US, Canada Policy Shift Boosts Prospects for Keystone XL Revival
South Bow, a company created by former Keystone XL proponent TC Energy, is optimistic about reviving a portion of the Keystone XL pipeline due to a North American policy shift favoring energy development. CEO Bevin Wirzba cited the current geopolitical climate as a backdrop for providing energy solutions and announced a formal open season process to gauge commercial interest and the Canadian oil industry's confidence in increasing production. The proposed "Prairie Connector" pipeline aims to transport up to 55,000 bpd of Canadian oil to the U.S. Gulf Coast, with U.S. segments built by American partners.
SLB climbs as oil-services stocks rally and investors continue to digest strong quarterly results
SLB stock rose 3.3% today, primarily driven by a sector-wide rally in oil-services stocks and continued positive investor response to its strong Q2 2026 earnings report from late July. The company reported sequential revenue growth, improved adjusted EBITDA, and maintained its capital investment outlook, reinforcing confidence in future earnings. Insider sales and mixed institutional activity were also noted, alongside recent analyst ratings and price targets.
KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Just Reported, And Analysts Assigned A US$3.00 Price Target
KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) recently reported its second-quarter earnings, with revenues aligning with analyst predictions and losses being significantly smaller than expected. Despite this, the stock saw a 21% selloff, and the consensus price target was reduced by 40% to US$3.00, reflecting ongoing concerns about profitability. However, analysts predict a substantial 71% reduction in losses for 2026 and a 4.8% revenue improvement, indicating an expected acceleration in growth compared to historical performance.
Cactus (WHD) Stock Rallies As Profit Strength Meets Margin Compression
Cactus (WHD) stock rallied 4.9% after its Q2 earnings report, driven by strong profitability with US$450m in revenue and US$0.93 adjusted EPS. Despite the positive earnings, the company faces concerns over shrinking net profit margins, which decreased from 16.2% to 6.0% year-over-year. Investors are balancing the company's growth in Pressure Control and Spoolable Technologies against the challenges of margin compression and execution risks related to acquisitions and tariff burdens.
Earnings call transcript: Digimarc beats Q2 2026 estimates but shares fall
Digimarc (DMRC) reported a narrower-than-expected loss and slightly better revenue for Q2 2026, beating analyst estimates. However, shares fell due to ongoing pressure on recurring revenue from contract losses and delayed significant growth in its gift-card business until late 2026 and early 2027. The company's new CEO outlined a strategy to refocus on retail and CPG sectors, rebuild the commercial engine, and enhance customer engagement to drive future growth.
NUMV Dividend: 1.31% Yield, $0.60/Share — History & Dates
Nuveen ESG Mid-Cap Value ETF (NUMV) offers a 1.31% dividend yield, paying $0.60 per share annually, with a 0.47 payout ratio. The ETF has a 9-year dividend history, showing a 5-year growth rate of 7.1%. The article details NUMV's complete dividend payment history, ex-dividend dates, and discusses key metrics like payout ratio and dividend growth.
Golar LNG orders fourth FLNG unit for 2029 delivery
Golar LNG Ltd has ordered its fourth floating LNG (FLNG) unit, a second MKII design vessel with a liquefaction capacity of 3.5 million tpy, from Yantai CIMC Raffles Offshore Ltd. The project, budgeted at approximately US$2.45 billion, is expected to be delivered by late 2029, making it the earliest available FLNG capacity globally. This order significantly increases Golar's controlled liquefaction capacity and leverages synergies from building a repeat design at the same shipyard.
Don't Ignore The Insider Selling In Forum Energy Technologies
Recent insider selling at Forum Energy Technologies (NYSE:FET) has been observed, with the Senior VP & Chief Human Resources Officer selling US$118k worth of stock and an Executive VP previously selling US$264k. While these sales represent a small percentage of their total holdings, the article highlights that insiders have not bought any shares in the last year and have been selling at prices sometimes below the current market value, suggesting caution for potential investors. Insiders currently own 10% of the company, valued at US$95 million.
Golar LNG accelerates FLNG expansion with new $2.45 billion order
Golar LNG has announced a $2.45 billion EPC agreement with Yantai CIMC Raffles Offshore for its fourth floating LNG (FLNG) unit, which will be the second vessel of its MKII design. This FLNG, with a 3.5 mtpa liquefaction capacity, is expected to be delivered by late 2029 and will significantly boost Golar’s liquefaction capacity. The company anticipates synergies from building a repeat design and is actively pursuing a long-term charter contract for the new unit.
BK Technologies Corp 2026: Revenue $23.41M, EPS $0.79— 10-Q Summary
BK Technologies Corp reported its Q2 2026 results, showing a revenue increase to $23.41M, up 10.6% year-over-year, driven by demand for radio products. Despite revenue growth, net income and diluted EPS decreased to $3.17M and $0.79, respectively. The company highlighted strong sales to government customers and increased investment in product development.
National Energy Services Reunited (NESR) Replaces Its Auditor Ahead Of The Next Fiscal Year
National Energy Services Reunited (NESR) has appointed PwC as its new external auditor, replacing Grant Thornton, ahead of the upcoming fiscal year. This change follows NESR's regional expansion and major contract wins in the Middle East and North Africa. The move to a Big Four auditor like PwC is seen to enhance transparency and credibility for investors, especially given NESR's complex cross-border operations and long-term contracts.
Halliburton (HAL) Stock May Stay Cheap Despite Nuclear Waste Push
Halliburton's stock has nearly doubled in five years and still appears undervalued across several metrics, despite new ventures in nuclear waste disposal and AI data center support. The company's P/E ratio of 17.3x is significantly lower than the industry average, suggesting it's underpriced relative to its peers. While these new projects offer long-term growth potential, execution risks may contribute to the market's current cautious valuation.
5 LNG Megaprojects Poised to Power the Next Gas Boom
Qatar, the U.S., and Argentina are spearheading the next wave of LNG development with five major projects aimed at meeting rising global demand and enhancing energy security. Key projects include Qatar's North Field expansion, Alaska LNG, Argentina LNG, Rio Grande LNG, and Port Arthur LNG, collectively adding substantial export capacity by the early 2030s. These developments are critical given geopolitical tensions and the projected 65% increase in global LNG demand by 2050.
YPF to become 100% ‘unconventional integrated company’ by end of year
YPF aims to transform into a fully unconventional integrated company by the end of the year, expecting its Vaca Muerta shale play to achieve an output of 250,000 barrels per day. This strategic shift highlights the company's focus on shale resources for future growth and production.
SLB (SLB) Faces A Fresh Test On Iran Disruption And Its Undervalued Narrative
SLB (SLB) shares have seen recent volatility after a decline in first-quarter profit due to reduced operations in the Middle East and Asia from the war in Iran. Despite this, the stock has shown strong returns, and analysts view it as 12.6% undervalued with a narrative fair value of $61.39, driven by its digital business growth and margin expansion. Investors are now evaluating whether to capitalize on the current momentum or await potential pullbacks.
Helix Energy Solutions Group (HLX) Is Up 6.1% After Swinging Back To Q2 Profitability
Helix Energy Solutions Group (HLX) reported a return to profitability in Q2 2026 with sales of US$304.02 million and net income of US$22.72 million, a significant improvement from a net loss in the prior year. This financial turnaround is supported by a forecasted US$1.4 billion revenue and US$87.2 million earnings by 2029, suggesting a potential 23% upside to its current price. However, the company's investment narrative is still influenced by project timing risks and the pending reverse merger with Hornbeck Offshore Services.
Fortuna acquires highly prospective Bambadji Project in Senegal from Barrick and IAMGOLD
Fortuna Mining Corp. has acquired the 190 km² Bambadji advanced gold exploration project in Senegal from Barrick Mining Corporation and IAMGOLD Corporation for US$200 million. The project is adjacent to Fortuna’s Diamba Sud Gold Project and consolidates approximately 60 km of prospective strike along the Senegal-Mali Shear Zone. Fortuna plans an initial US$8 million exploration program for Bambadji in 2026, focusing on drilling and advancing targets within a 20 km radius of the proposed Diamba Sud plant site.
Should You Invest in the iShares U.S. Oil Equipment & Services ETF (IEZ)?
The article discusses the iShares U.S. Oil Equipment & Services ETF (IEZ), highlighting its passive management, low expense ratio of 0.38%, and significant year-to-date return of 42.4%. It emphasizes the ETF's concentrated exposure to the Energy sector, with top holdings like Baker Hughes, and notes its Zacks ETF Rank of 2 (Buy) for investors seeking exposure to Energy ETFs.
SLB (SLB) Stock May Look Below Fair Value On Cash Flow But About Right On Earnings
SLB's stock price, currently around US$50.53, appears undervalued by approximately 43.6% based on a Discounted Cash Flow (DCF) model, despite recent profit declines due to Middle East disruptions. While the DCF model suggests undervaluation on cash flow, its Price-to-Earnings (P/E) ratio indicates it is trading around fair value compared to industry peers. The market's cautious stance reflects concerns about the timing and realization of future cash flows amidst operational and geopolitical risks.
SLB (SLB) Stock May Look Below Fair Value On Cash Flow But About Right On Earnings
SLB's stock has more than doubled in the last five years but is still estimated to be significantly undervalued by a Discounted Cash Flow (DCF) model, suggesting a 43.6% discount. Despite recent profit declines due to Middle East disruptions, partnerships with Equinor and ADNOC are seen as growth drivers. While the DCF model indicates undervaluation, the P/E ratio suggests the stock is trading near its fair value based on earnings, implying market caution regarding future cash flow realization.
Patterson-UTI Energy Jumps 8.8% Amid Sector-Wide Rally
Patterson-UTI Energy (NASDAQ:PTEN) saw an 8.8% surge in its stock price, reaching $10.73, as it participated in a broad rally across the oil and gas drilling sector. This significant gain, accompanied by high trading volume, reflects renewed investor interest in energy services and coordinated upward movement among peer companies. The rally is supported by improving Wall Street sentiment, with the company receiving an analyst target raise recently.
ServiceNow Unveils Autonomous Cyber Defence Security Vision
ServiceNow has announced an acceleration of its Autonomous Security vision, introducing six innovative solutions for AI-native cyber defense, expected to be available in December 2026. These solutions aim to shift cybersecurity from reactive to preventative, focusing on areas like cyber-physical security, agentic incident response, and unified exposure management. The initiative responds to the increasing complexity of AI exposures and the need for security that matches machine speed, with companies like Honeywell and Baker Hughes already experiencing benefits from ServiceNow's platforms.
30% More Pumping Hours With Autonomous Frac Operations
A major unconventional operator increased monthly pumping hours by over 30% using TechnipFMC's iComplete® ecosystem for autonomous frac operations. This system automates critical processes like pressure containment, stage transitions, and pump maintenance, significantly reducing downtime and improving operational continuity. The implementation also enhanced safety by minimizing personnel exposure in high-risk areas.
Diamondback Energy’s new Midland Basin wells’ results are rising, not sputtering out. SM Energy’s Midland results are overcoming the E&P’s “science-heavy” spell.
The article highlights that Diamondback Energy and SM Energy are demonstrating sustained and improving well productivity in the Midland Basin, defying expectations of degradation. Despite a decrease in active rig counts, Permian tight oil and shale production remain robust due to efficiency gains, longer laterals, and optimized operations. This resilience supports U.S. energy security, moderates prices for consumers, and signals durable inventory quality and strong execution for investors.
Canadian Natural Resources Ltd (CNQ) Stock News Today
This page from TradingKey provides the latest news and analysis for Canadian Natural Resources Ltd (CNQ) stock. It lists recent price movements for CNQ, including a 4.06% increase today, a 4.39% increase on March 19, and a 3.01% increase on March 11. The page also offers key financial data and links to various analytical tools for investors.
Borr Drilling (BORR) Reports Earnings Tomorrow: What To Expect
Offshore drilling contractor Borr Drilling (BORR) is set to report its earnings, with analysts anticipating a 7.5% year-on-year revenue decline. The company missed revenue, EBITDA, and EPS estimates in the previous quarter. Other oilfield services companies, World Kinect and Select Water Solutions, have reported stronger Q2 results, exceeding analyst expectations.
U.S. Crude Oil Stockpiles Post Weekly Increase
The article reports that U.S. crude oil stockpiles increased during the past week. This indicates a rise in crude oil inventory in the United States.
SLB-Equinor Agreement: Island Captain Vessel Upgrade for NCS Stimulation | 2026 - News and Statistics
SLB and Equinor have signed a multi-year agreement for advanced reservoir stimulation services on the Norwegian Continental Shelf (NCS), involving a significant upgrade to the stimulation vessel MV Island Captain. This collaboration aims to exploit compact offshore reservoirs and improve recovery rates from future wells. The upgraded vessel will be capable of carrying up to two million pounds of proppant, enhancing offshore operations and establishing infrastructure for upcoming compact-reservoir projects in Norway.
WMB|Williams Companies Inc|Price:71.735|Chg%:+1.335
TradingKey provides a comprehensive stock analysis for Williams Companies Inc (WMB), highlighting its relatively weak fundamentals but significant growth potential. The company is considered fairly valued within its industry, with high institutional ownership and a "Buy" rating from multiple analysts. Despite weak stock market performance recently, WMB is noted for its high and stable dividend payments and trading sideways between support and resistance levels.
Mind Technology Inc (MIND) Earnings Forecast: Future EPS & Revenue Growth Estimates
Mind Technology Inc (MIND) currently holds an earnings forecast score of 10.00, ranking first in its industry, with analysts setting an average price target of $10.00. One analyst has issued a "Strong Buy" rating for MIND, indicating a potential upside of 89.75%. The company's expected revenue for the next quarter is $7.68 million, with an anticipated EPS of -$0.08.
Dawson Geophysical Co (DWSN) Earnings Forecast: Future EPS & Revenue Growth Estimates
This article provides an earnings forecast for Dawson Geophysical Co (DWSN), focusing on future EPS and revenue growth estimates. It includes current stock data, market capitalization, P/E ratio, and a comparison with peer companies in the Oil & Gas Related Equipment and Services sector. The forecast sections cover EPS, Revenue, Net Profit, and EBIT.
Is National Energy Services Reunited (NESR) Still Below Fair Value As Kuwait Contracts Lift Interest?
National Energy Services Reunited (NESR) recently secured $300 million in Kuwaiti contracts, boosting its stock performance significantly with an 84.42% year-to-date return. Despite this surge, NESR is trading about 13% below analyst price targets and shows a sizeable discount to intrinsic value estimates, suggesting it may still be undervalued. The company benefits from long-term contracts and a robust backlog extending beyond 2030, which provides earnings visibility, though its reliance on MENA contracts and high capital commitments present risks.
