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MKS Named by Time as One of America's Best Mid-Sized Companies
Globenewswire· 2025-07-10 20:00
Core Insights - MKS Inc. has been recognized as one of America's Best Mid-Sized Companies for 2025 by Time and Statista, Inc. [1][2] - The recognition is attributed to employee satisfaction, revenue growth, and sustainability transparency, evaluated through over 15 criteria [2] Company Overview - MKS Inc. is a global provider of enabling technologies that transform various industries, particularly in semiconductor manufacturing, electronics, and specialty industrial applications [3] - The company focuses on delivering foundational technology solutions, including instruments, subsystems, systems, process control solutions, and specialty chemicals technology [3] - MKS's solutions address challenges in miniaturization and complexity in advanced device manufacturing, enhancing power, speed, feature enhancement, and connectivity [3]
Hold SM Energy? Here's the Case for Staying Patient Right Now
ZACKS· 2025-07-10 15:41
Key Takeaways SM Energy is benefiting from strong financial performance driven by oil-weighted production growth. Uinta Basin integration led to a 63% jump in daily oil output and exceeded drilling efficiency expectations. SM is using free cash flow to cut debt, even at $55 oil, but lags peers in dividend yield.SM Energy (SM) is an independent exploration and production firm, with its operations focused on the Permian Basin, Uinta Basin and South Texas region. SM Energy owns approximately 111,000 net acre ...
Innospec Publishes 2024 Sustainability Report
Globenewswire· 2025-07-09 20:45
Core Viewpoint - Innospec Inc. has published its 2024 Sustainability Report, showcasing significant progress in sustainability commitments, growth, innovation, and community engagement [1][2]. Company Overview - Innospec Inc. is an international specialty chemicals company with approximately 2,450 employees across 22 countries, providing a wide range of specialty chemicals for various markets [3]. Sustainability Achievements - A 23% reduction in scope 1 & 2 greenhouse gas (GHG) emissions since the baseline year of 2014 [5] - Avoided CO₂e emissions of 20.8 million metric tons through the use of fuel additives, which is over 200 times Innospec's own operational emissions [5] - Completion of product carbon footprint assessments for over 90 products, enhancing insights into GHG reduction efforts [5] - US$47.8 million spent on Research & Technology, resulting in a 22% increase in total patent filings [5] - A total social value of $791,000 delivered in 2024, benefiting 210 global charities and local good causes [5] - Over $1.6 million raised and 3,889 volunteer hours contributed through the Innospec Cares program since its launch in 2016 [5] - Launch of two new social partnerships: one with International Justice Mission (IJM) to combat modern slavery in the palm industry and another with UNESCO to support Indigenous STEM education in Brazil [5] - EcoVadis Gold rating for sustainability management practices maintained for the fourth consecutive time [5] - Over 90% of employees received careers and skills training, totaling more than 19,000 hours [5].
Ecopetrol Acquires Windpeshi Project, Aims for 2028 Operations
ZACKS· 2025-07-09 14:42
Key Takeaways Ecopetrol acquired the Windpeshi wind project from Enel S.p.A. for a total of $50 million. The 205MW project will supply about 1,006 GWh annually, equal to 8%-9% of EC's energy needs. EC expects to start development before year-end 2025 and begin commercial operations by 2028.Ecopetrol S.A. (EC) , a Colombian majority state-owned energy company, has recently acquired a wind power project from Enel S.p.A. for a total consideration of $50 million. The wind power project, named the Windpeshi pr ...
Eni Expands Algerian Presence With New Production Sharing Contract
ZACKS· 2025-07-08 14:56
Key Takeaways E signed a 30-year production sharing contract with Sonatrach for Algeria's Zemoul El Kbar region. The $1.35B deal targets 415M barrels of oil equivalent, including 9.3B cubic meters of gas. Eni and Sonatrach also plan joint gas, LNG, hydrogen, and renewable energy initiatives.Eni S.p.A. (E) , an Italian integrated energy company, has signed a production sharing contract (PSC) with Algeria’s state-owned energy firm, Sonatrach. The PSC involves the exploration and development activities in th ...
Shell Lowers Q2'25 Guidance for Integrated Gas & Chemicals Divisions
ZACKS· 2025-07-07 14:46
Core Insights - Shell plc has provided an update on its second-quarter outlook for its integrated gas division and LNG production, indicating expectations of weaker results compared to the previous quarter [1][5] Integrated Gas Division - Shell has lowered its production guidance for the integrated gas division to a range of 900,000-940,000 barrels of oil equivalent per day (boe/d), down from the previously announced range of 890,000-950,000 boe/d [2][10] - LNG production guidance has also been revised to an expected range of 6.4-6.8 million metric tons, compared to the earlier range of 6.3-6.9 million tons [2][10] - Weaker gas trading results are anticipated compared to the first quarter [2][10] Marketing Division - In the marketing division, Shell expects second-quarter sales volumes to increase, with anticipated sales volumes in the range of 2.6-3 million barrels per day (bpd), slightly lower than prior expectations of 2.6-3.1 million bpd [3] Chemicals Division - The chemicals division is expected to incur a loss in the second quarter, with a utilization rate projected between 68% and 72%, significantly down from 81% in the first quarter [4] - Unplanned maintenance at the Monaca plant has negatively impacted chemical utilization [4] Overall Expectations - Shell anticipates weaker results in the second quarter, particularly in the Integrated Gas and Chemicals & Products divisions [5] - The company expects exploration well write-offs in the upstream division to be approximately $200 million [5]
Huntsman to Discuss Second Quarter 2025 Results on August 1, 2025
Prnewswire· 2025-07-03 20:05
THE WOODLANDS, Texas, July 3, 2025 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) will hold a conference call on Friday, August 1, 2025, at 10:00 a.m. ET to discuss its second quarter 2025 financial results. Following some opening remarks, the call will move into a question and answer session.The earnings press release, including financial statements and segment information, will be distributed after the market closes on Thursday, July 31, 2025. The earnings slide presentation and prepared remarks will be ...
Eni Advances Zohr Gas Field Development, Boosts Egypt's Gas Supply
ZACKS· 2025-07-03 16:00
Key Takeaways E completed Zohr 6 drilling, adding 60M cubic feet/day to Egypt's natural gas production capacity. Zohr 13 is expected to add 55M cubic feet/day as E continues to expand production at the offshore site. E targets 3.2B cubic feet/day by end-2025 and plans two more Zohr wells with a $360M investment in 2026.Eni S.p.A (E) has concluded drilling activities for a well at the Zohr gas field, located off the coast of Egypt. The drilling assignment was carried out by the Saipem 10000 drillship, whic ...
Innospec Schedules Second Quarter 2025 Earnings Release and Conference Call
Globenewswire· 2025-07-02 20:45
Core Viewpoint - Innospec Inc. will release its second quarter 2025 earnings results on August 5, 2025, followed by an interactive conference call on August 6, 2025, at 10:00 a.m. ET [1] Company Overview - Innospec Inc. is an international specialty chemicals company with approximately 2,400 employees across 22 countries [4] - The company manufactures and supplies a wide range of specialty chemicals for various markets including Personal Care, Home Care, Agrochemical, Mining, and Industrial [4] - Innospec's Fuel Specialties business focuses on fuel additives that enhance fuel efficiency, improve engine performance, and reduce harmful emissions [4] - The Oilfield Services segment provides specialty chemicals for the oil and gas exploration and production industry [4] Conference Call Details - The public can listen to the conference call by registering in advance through an online registration link [2] - Participants will receive an email confirmation with dial-in numbers and a unique Personal PIN for joining the conference [2] - An audio webcast of the conference call will be available on the company's website, along with a slide presentation [3] - A replay of the webcast will be accessible for 30 days following the call [3]
Equinor Approves Johan Sverdrup Field Expansion With $1.29B Investment
ZACKS· 2025-07-02 14:40
Core Insights - Equinor ASA has approved a $1.29 billion investment for phase 3 of the Johan Sverdrup field, expected to increase recoverable reserves by 40-50 million barrels of oil equivalent [1][8] - The project will involve new subsea equipment, including two subsea templates with a total of eight wells, and is projected to start production in Q4 2027 [2] - The use of artificial intelligence in project planning has resulted in $13 million in savings during the development of phase 3 [3] - The recovery rate from the Johan Sverdrup field is expected to rise from 66% to approximately 75% with the completion of phase 3, which is crucial for maintaining high production levels [4][6] - Equinor holds a 42.6% interest in the Johan Sverdrup field, with partners including Aker BP, Petoro, and TotalEnergies EP Norge [5] - The project aims to enhance Europe's energy security by increasing recoverable volumes from the largest producing oilfield in western Europe [6]