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Eni's Versalis & Prysmian to Start Chemical Recycling of Plastic Scrap
ZACKS· 2025-12-26 19:37
Core Insights - Eni S.p.A.'s chemical unit, Versalis, and Prysmian S.p.A. are collaborating to create a circular economy for plastic cable scrap, focusing on reducing and recycling plastic waste [1][4] Group 1: Collaboration and Objectives - The partnership aims to gather plastic waste from Prysmian's manufacturing processes and decommissioned cables, converting it into new plastic polymers through a chemical recycling process [1][9] - The initiative underscores both companies' commitment to sustainability and reducing environmental impact, with a pilot project expected to commence in the second half of 2026 in Italy [4][9] Group 2: Recycling Technology - Prysmian will send collected plastic scrap to Versalis' Mantua plant, where it will be processed using the proprietary Hoop® technology, converting plastic into pyrolysis oil for new polymers [2][9] - The Hoop® technology allows for approximately 60% of cross-linked polyethylene (XLPE) to be recycled without loss of quality, enabling the production of new industrial cables [3][9] Group 3: Industry Impact - This innovative approach represents a significant advancement in recycling capabilities for industrial cables, promoting sustainability within the industrial sector and enhancing the circular economy [4][3]
Eni Discovers Significant Gas Reserves in Indonesia's Kutei Basin
ZACKS· 2025-12-11 15:51
Core Insights - Eni S.p.A. has discovered significant gas reserves in the Kutei Basin, offshore Indonesia, specifically in the Konta-1 exploration well, drilled to a depth of 4,575 meters [1][9] - The discovery includes 600 billion cubic feet (Bcf) of gas initially in place, with potential resources exceeding 1 trillion cubic feet (Tcf) [2][9] - The proximity of the discovery to existing Eni facilities allows for development synergies and faster execution of production [3][9] Exploration and Development - The Konta-1 well has identified gas in high-quality sandstone reservoirs from the Miocene period, exhibiting excellent petrophysical properties [2] - Eni plans to drill four additional wells in the Kutei Basin in 2026 as part of its ongoing exploration campaign [4] - Eni holds an 88.334% participating interest in the Muara Bakau Production Sharing Contract (PSC), with Saka Energi holding the remaining 11.666% [4] Strategic Implications - The successful discovery enhances Eni's confidence in continuing its exploration efforts in the Kutei Basin [4] - Fast-track development options are being explored to efficiently utilize the newly discovered gas resources [3]
Why Oceaneering International (OII) is a Top Momentum Stock for the Long-Term
ZACKS· 2025-12-11 15:51
Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - The Style Scores consist of four categories: Value Score, Growth Score, Momentum Score, and VGM Score, each targeting different investment strategies [3][4][5][6] - Value Score focuses on identifying undervalued stocks using financial ratios [3] - Growth Score assesses a company's financial health and future growth potential [4] - Momentum Score capitalizes on existing price trends to identify favorable investment opportunities [5] - VGM Score combines all three styles to highlight stocks with the best overall characteristics [6] Zacks Rank and Its Importance - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to guide investors in stock selection [7] - Stocks rated 1 (Strong Buy) have historically outperformed the S&P 500, achieving an average annual return of +23.81% since 1988 [7] - A large number of stocks are rated, making it essential to use Style Scores to narrow down choices [8] Stock Highlight: Oceaneering International (OII) - Oceaneering International, Inc. is a leading provider of offshore equipment and technology solutions, generating revenues of $2.7 billion last year [11] - OII holds a 1 (Strong Buy) rating on the Zacks Rank and has a VGM Score of B, indicating strong investment potential [12] - The company has seen a 17% increase in share price over the past four weeks, with upward revisions in earnings estimates for fiscal 2025 [12] - OII's average earnings surprise stands at +12.3%, further solidifying its attractiveness to investors [12][13]
Equinor Encounters Gas and Condensate Finds in the Norwegian North Sea
ZACKS· 2025-12-08 19:56
Core Insights - Equinor ASA has made two significant gas and condensate discoveries in the Sleipner area of the Norwegian North Sea, described as the largest discoveries of the year [1][9] - The discoveries were made in the Lofn and Langemann prospects, with Equinor holding a 60% working interest in the production license [1] Exploration and Resources - The two wildcat wells, 15/5-8 S and 15/5-8 A, were drilled using the Deepsea Atlantic semi-submersible rig and may contain approximately 5-18 million standard cubic meters of recoverable oil equivalents [2][9] - The Norwegian Continental Shelf (NCS) is noted to be significantly underexplored, with substantial untapped energy resources that are essential for a reliable energy supply to Europe [2] Development and Environmental Impact - The discoveries are located near existing fields, allowing for potential development by connecting to nearby subsea facilities, which could expedite production timelines and reduce environmental impact due to low carbon dioxide emissions [3] - The gas and condensate were found in the Hugin formation, characterized by high-quality sandstones, and the wells have been permanently plugged and abandoned [4]
Here's Why Oceaneering International (OII) is a Strong Growth Stock
ZACKS· 2025-12-02 15:46
Company Overview - Oceaneering International, Inc. is a leading supplier of offshore equipment and technology solutions to the energy industry, focusing on deep water operations [11] - The company generated revenues of $2.7 billion last year [11] Investment Ratings - Oceaneering International holds a Zacks Rank of 2 (Buy) and has a VGM Score of A, indicating strong potential for growth [12] - The company has a Growth Style Score of B, forecasting year-over-year earnings growth of 76.3% for the current fiscal year [12] Earnings Estimates - Two analysts have revised their earnings estimates higher in the last 60 days for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.21 to $2.01 per share [12] - Oceaneering International boasts an average earnings surprise of +12.3%, suggesting strong performance relative to expectations [12] Investment Recommendation - With a solid Zacks Rank and top-tier Growth and VGM Style Scores, Oceaneering International is recommended for investors' consideration [13]
Subsea7 Secures Major Decommissioning Project in the North Sea
ZACKS· 2025-12-01 15:51
Core Insights - Subsea7 S.A. has secured a contract for decommissioning activities from Ithaca Energy, involving the Alba floating storage unit and the Greater Stella Area's FPF-1 production facility [1][3] Group 1: Contract Details - The contract includes flushing subsea pipelines to remove hydrocarbons, providing diver support vessel services, and clearing the seabed of associated infrastructure [2][8] - Project management and engineering works are set to begin immediately in Aberdeen, with offshore activities scheduled to start in Q2 2026 [2][8] Group 2: Company Expertise and Relationship - Subsea7 emphasizes its three decades of expertise in full-field decommissioning activities, which is highlighted by this contract [3] - The contract strengthens the long-standing relationship with Ithaca Energy, which began in 2008 [3] Group 3: Contract Value - The contract is described as 'sizeable', with an estimated value between $50 million and $150 million [3]
Why Oceaneering International (OII) is a Top Growth Stock for the Long-Term
ZACKS· 2025-09-22 14:46
Core Insights - Zacks Premium provides tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores serve as complementary indicators to the Zacks Rank, helping investors identify stocks with high potential for market outperformance [2] Zacks Style Scores Overview - Stocks are rated A, B, C, D, or F based on value, growth, and momentum characteristics, with higher scores indicating better chances of outperforming the market [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score [3][4][5][6] Value Score - Focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - Analyzes projected and historical earnings, sales, and cash flow to find stocks with sustainable growth potential [4] Momentum Score - Targets stocks with upward or downward price trends, utilizing factors like one-week price change and monthly earnings estimate changes [5] VGM Score - Combines all three Style Scores to provide a comprehensive indicator for selecting stocks with attractive value, growth forecasts, and momentum [6] Zacks Rank Integration - The Zacks Rank is a proprietary model based on earnings estimate revisions, with 1 (Strong Buy) stocks historically yielding an average annual return of +23.64% since 1988 [7] - There are over 800 top-rated stocks available, making it essential to use Style Scores to narrow down selections [8] Stock Selection Criteria - Investors should prioritize stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal success [9] - The direction of earnings estimate revisions is crucial; stocks with declining forecasts should be avoided regardless of Style Scores [10] Company Spotlight: Oceaneering International (OII) - Oceaneering International, founded in 1964, is a leading supplier of offshore equipment and technology solutions, generating revenues of $2.7 billion last year [11] - OII holds a Zacks Rank of 2 (Buy) and a VGM Score of A, with a Growth Style Score of A indicating a projected year-over-year earnings growth of 57.9% for the current fiscal year [12] - The company has seen a recent upward revision in earnings estimates, making it a strong candidate for investors [12][13]