Key Takeaways XOM awards EnerMech a key contract to decommission the Hoover-Diana deepwater development. The project includes subsea flushing, pigging, and coiled tubing to retire aging infrastructure. This marks the first large Gulf decom job for EnerMech, boosting its presence in a growing U.S. market.Exxon Mobil Corporation (XOM) has awarded a major deepwater decommissioning contract to integrated energy services provider EnerMech for its 25-year-old Hoover-Diana development in the U.S. Gulf of Mexico, ...

Ensign Energy Services (TSX: ESI:CA ) ( OTCPK:ESVIF ) is a service provider to the oil and natural gas sector in [predominantly] the USA and Canada, where about 85% of its land drilling rigs are located. Additionally, the company also owns specialty coring rigsHe is the leader of the investment group European Small Cap Ideas which offers exclusive access to actionable research on appealing Europe-focused investment opportunities not found elsewhere. The a focus is on high-quality ideas in the small-cap spac ...

Industry Overview - The Zacks Oil and Gas - Drilling industry includes companies providing rigs and services for oil and natural gas exploration and development, with operations both onshore and offshore [2] - Drilling for hydrocarbons is capital-intensive and technically challenging, primarily influenced by contracting activity rather than oil or gas prices [2] - Offshore drilling companies exhibit higher volatility compared to onshore counterparts, with their share prices more closely correlated to oil and gas prices [2] Current Challenges - The industry is facing significant challenges due to contracting delays, soft gas prices, and macroeconomic uncertainty, leading to a Zacks Industry Rank of 235, placing it in the bottom 4% of 245 Zacks industries [1][7] - Earnings estimates for the industry have declined sharply, with a drop of 85.2% for 2025 and 51.7% for 2026 over the past year, indicating a negative outlook [9] - The industry has underperformed compared to the broader Zacks Oil - Energy sector and the S&P 500, with a decline of 38.6% over the past year versus a 2.1% increase in the sector and a 9.1% gain in the S&P 500 [11] Market Trends - Macroeconomic uncertainty is causing hesitation in customer decision-making, slowing the pace of tenders and contract awards, and making near-term earnings visibility difficult for drillers [3] - There are concerns about premature rig reactivation leading to oversupply, particularly in deepwater segments, which could undermine pricing power and margins [4] - Despite short-term challenges, long-term demand for deepwater drilling is expected to grow, with forecasts indicating a 40% increase in investment by 2030, supported by large undeveloped reserves and major project approvals [5] Company Highlights - **Transocean Ltd. (RIG)**: Reported contract drilling revenues of $906 million in Q1 2025, an 18.7% increase year-over-year, with a market capitalization of $2.9 billion and a projected earnings growth of 123.1% for 2025 [18] - **Patterson-UTI Energy (PTEN)**: Generated $51 million in adjusted free cash flow in Q1 2025, with a market capitalization of $2.5 billion and a dividend yield of nearly 5% [21] - **Precision Drilling Corporation (PDS)**: Canada’s largest drilling rig contractor, with a market capitalization of $687.3 million, has seen its earnings estimate for 2025 increase from $3.84 to $4.13 per share in the past 60 days [24]

NEW YORK, June 18, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Civitas Resources, Inc. (NYSE: CIVI). Shareholders who purchased shares of CIVI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/civitas-resources-loss-submission-form/?id=153443&from=3 CLASS PERIOD: Febru ...

NEW YORK, June 18, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Civitas Resources, Inc. (NYSE: CIVI) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Civitas you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/civitas-resources-inc. Investors have until July 1, 2025, to ask the Court to be appointe ...

Group 1: Stock Performance - Comstock Resources (CRK) shares increased by 9.1% to $28.86 in the last trading session, matching the same percentage gain over the past four weeks, with higher-than-average trading volume [1] - The stock price surge was influenced by Wolfe Research upgrading CRK from "Peer Perform" to "Outperform" and raising the price target to $34, indicating stronger long-term prospects for the company [2] Group 2: Company Developments - CRK's upgrade was based on positive developments, including successful resource expansion in the Western Haynesville region, recent land acquisitions, and technical improvements that have opened new drilling opportunities [2] - Encouraging well results suggest higher resource density and a larger inventory of future drilling sites, which are key drivers for future growth [2] - Analysts adjusted their valuation approach to emphasize the long-term resource base value, reflecting confidence in CRK's ability to benefit from expected natural gas price increases over the next year and a half [2] Group 3: Earnings Expectations - Comstock is expected to report quarterly earnings of $0.16 per share, representing a year-over-year increase of 180%, with revenues projected at $423.99 million, up 71.8% from the previous year [3] - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Group 4: Industry Context - Comstock is part of the Zacks Oil and Gas - Exploration and Production - United States industry, which includes other companies like Viper Energy Partners (VNOM) [4] - VNOM's consensus EPS estimate has changed by +10.5% over the past month to $0.32, representing a decline of 47.5% from the previous year [5]

HOUSTON, TX, June 18, 2025 (GLOBE NEWSWIRE) -- Houston American Energy Corp. (NYSE American: HUSA) (the “Company”) today announced that it has entered into a definitive agreement with an institutional investor (the “SPA”) for the purchase and sale of an aggregate of 223,762 shares of common stock (or pre-funded warrants in lieu thereof) at a purchase price of $10.60 per share (or pre-funded warrant in lieu thereof) in a registered direct offering (the “Offering”). The aggregate gross proceeds to the Compan ...

全球经济增长受贸易壁垒上升、政策不确定性加剧等因素影响显著放缓，2025年增速预计降至2.3%，为2008年以来最低（除全球衰退年份）。新兴市场和 发展中经济体（EMDEs）增长乏力，缩小与发达经济体人均收入差距的进程受阻，贫困 reduction 进程缓慢。各区域经济前景分化， downside risks突出，需 全球合作与结构性改革应对。 全球经济展望 - 增长放缓：2025年全球GDP增速2.3%，2026-2027年温和回升至2.5%。发达经济体增速降至1.2%，美国、欧元区受贸易政策冲击显著。EMDEs增速3.8%， 中国增速4.5%，印度6.3%，但多数国家增长低于预期。 - 贸易与通胀：全球贸易增速2025年降至1.8%，商品价格下跌10%，能源价格受OPEC+增产和需求疲软影响显著。全球通胀2025年预计2.9%，核心通胀因服 务价格压力持续高企。 - 金融市场：全球金融条件收紧，EMDEs资本外流、汇率贬值压力加大，主权债利差扩大，但短期波动后部分恢复。 区域经济前景 主要风险与政策建议 - 风险挑战：贸易壁垒进一步升级、全球金融条件收紧、地缘政治冲突加剧、极端天气频发、新兴市场债务危机。 ...

Shares of Occidental Petroleum (OXY 1.47%) have dipped over the past year. They've fallen from a peak of more than $60 a share to less than $50. That's largely due to a decline in oil prices, which have fallen from over $80 a barrel to their recent level just above $70 per barrel. Here's a look at several reasons why you should buy the oil stock while it's below $50 a barrel. It's below Buffett's buy priceWarren Buffett's Berkshire Hathaway has been snapping up shares of Occidental in recent years. Buffett' ...

Core Viewpoint - High Arctic Overseas Holdings Corp. intends to initiate a Normal Course Issuer Bid to repurchase up to 622,408 Common Shares, representing approximately 5% of the total shares outstanding, over a 12-month period from June 20, 2025, to June 19, 2026 [2][4]. Group 1 - The Corporation plans to purchase shares at the prevailing market price, with the actual number and timing of purchases determined by management [2][3]. - Purchases will be conducted on the open market and will be financed from the Corporation's working capital [3]. - The Board of Directors believes the current market price does not reflect the underlying value of the Corporation, making the share repurchase an appropriate use of corporate funds [4]. Group 2 - High Arctic Overseas is a market leader in Papua New Guinea, providing drilling and specialized well completion services, as well as equipment rental solutions [6].