EOG Resources Advances Shale Project With ADNOC in the Middle East

Group 1 - EOG Resources is advancing its shale project with ADNOC in the UAE without delays, with ADNOC currently drilling horizontal wells and performing well tests [1][8] - EOG has partnered with Bapco Energies for gas exploration in Bahrain, where horizontal wells have been drilled to assess gas flow from shale gas reserves [2][8] - The company is expanding its upstream portfolio in the Middle East, indicating a strategic focus on developing shale oil and gas resources in the UAE and Bahrain [3] Group 2 - EOG Resources currently holds a Zacks Rank 3 (Hold), indicating a neutral outlook compared to other energy sector stocks [4] - Repsol, Antero Midstream, and Galp Energia are highlighted as better-ranked stocks in the energy sector, with Repsol having a Zacks Rank 1 (Strong Buy) [4] - Galp Energia's Mopane discovery in Namibia is estimated to hold nearly 10 billion barrels of oil, enhancing its potential as a significant oil producer [7]