Latest news with #OilAndGas
Zawya
a day ago
- Business
- Zawya
Independent Operators Join Angola Oil & Gas (AOG) 2025 to Discuss Frontier Drilling, Onshore Prospects
Angola witnessed a surge in Merger&Acquisitions in recent months, as independent oil and gas companies strengthened their presence across the market. As the country prepares to launch its next licensing round in 2025 and continues promoting acreage available through its permanent offer scheme, this positive momentum is expected to continue. Leading independent oil and gas companies have joined the Angola Oil&Gas (AOG) conference to discuss investment strategies and upcoming projects. John Hamilton, CEO of Panoro Energy, is speaking at AOG 2025 – taking place September 3-4. The company has seen significant success in regional offshore markets, reporting steady production growth in Gabon, Equatorial Guinea and Tunisia this year. In 2025, Panoro Energy also made an offshore oil discovery at the Dussafu block in Gabon. The well contains up to 25 million barrels of recoverable resources and is set to support future production growth at the site. While the company does not have a presence in Angola as of yet, the country offers a wealth of block and partnership opportunities for Panoro Energy, particularly in offshore acreage where the company has extensive expertise. Onshore, companies such as ReconAfrica are making a play for frontier discoveries. The company signed an agreement with Angola's upstream regulator – the National Oil, Gas&Biofuels Agency – in April 2025 to explore 5.2 million acres in the Etosha-Okavango basin. Signaling ReconAfrica's entrance into Angola, the deal lays the foundation for a series of exploration activities over the next 24 months. ReconAfrica is also exploring in Namibia, where it has a license covering 6.3 million acres. During AOG 2025, Brian Reinsborough, CEO of ReconAfrica, is expected to shed light into the company's ongoing exploration activities. Robert Bose, CEO of, Sintana Energy, and Scott Gilbert, CEO of Corcel, are also expected to share insight into onshore exploration in Angola. With a majority interest in Block KON 16 - situated in the onshore Kwanza basin in Angola – Corcel has been working to advance exploration at the block. The company signed two agreements to this affect in 2025, increasing its share in KON 16 to 71.5%. The first agreement was signed with Intank Global DMCC for a 30% stake in the block. The second deal was signed with Sintana Energy in May 2025 for a 5% indirect interest. The transaction seeks to boost exploration activities at the block by mobilizing additional capital for exploration activities planned in 2026. The companies also signed an agreement to evaluate and pursue other exploration and production opportunities in Angola. The partners committed to collaborating on the identification and review of new opportunities. Meanwhile, George Toriola, Chief Strategy Officer at FIRST E&P, is also speaking at AOG 2025. While the company is not yet active in Angola, FIRST E&P has proven industry experience through its strong portfolio of producing assets in Nigeria. The company is exploring regional growth opportunities, seeking to leverage its experience in Nigeria's onshore and shallow water blocks to unlock additional production opportunities across sub-Saharan Africa. For Angola, which offers a wealth of onshore and shallow water opportunities, this experience stands to support the country's production goals while creating new opportunities for regional collaboration and trade. Distributed by APO Group on behalf of Energy Capital&Power.
Yahoo
2 days ago
- Business
- Yahoo
This Energy Stock Recently Increased its Dividend for the 26th Consecutive Year
Enterprise Products Partners L.P. (NYSE:EPD) is included among the 12 Best Oil and Gas Dividend Stocks to Buy Now. Aerial view of a refinery tower surrounded by the sprawling landscape of pipelines in an oil & gas midstream facility. Enterprise Products Partners L.P. (NYSE:EPD) announced a quarterly dividend of $0.545 per share in July, up 1.9% from its prior distribution and marking the company's 26th consecutive year of dividend growth. EPD boasts a hefty annual dividend yield of 6.92%, as of July 15. Enterprise Products Partners L.P. (NYSE:EPD) grew its distributable cash flow by 5% YoY to $2 billion in the first quarter of 2025, enough to cover its quarterly distribution by a comfortable 1.7 times. Moreover, the company reported $7.6 billion of major growth projects in its backlog at the end of Q1, with the majority of these projects coming online at the end of this year. This should provide the midstream operator with enough incremental free cash flow to sustain its high shareholder returns. With an average 5-year revenue growth rate of 13.34%, Enterprise Products Partners L.P. (NYSE:EPD) is placed among the 10 High Growth Dividend Paying Stocks to Buy. Enterprise Products Partners L.P. (NYSE:EPD) is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products, and petrochemicals. While we acknowledge the potential of EPD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
This Energy Infrastructure Company Boasts Stable Cash Flows and High Payouts
Enbridge Inc. (NYSE:ENB) is included among the 12 Best Oil and Gas Dividend Stocks to Buy Now. A large natural gas pipeline snaking through a rural landscape. As one of the only dividend aristocrats in its sector, Enbridge Inc. (NYSE:ENB) has increased its dividend for 30 consecutive years and expects to continue this momentum by growing its business by 5% per year through the end of the decade. Currently, the company offers a quarterly dividend of C$0.9425 per share and has a dividend yield of 5.96%, as of July 15. Enbridge Inc. (NYSE:ENB) boasts a toll-booth-like pipeline and utility business that centers around fixed fees and other contracts that generate stable cash flows, allowing the company to maintain its dividend growth at a CAGR of 9% over the past three decades. The company is also diversifying beyond pipelines and into renewable energy through solar and wind projects. Moreover, it reported a secured growth backlog of $28 billion at the end of Q1 2025, ensuring sustainable cash flow and dividend growth in the future. Enbridge Inc. (NYSE:ENB) is a midstream energy company that focuses on transporting and distributing oil, natural gas, and natural gas liquids. The Canadian company moves about 30% of the crude oil produced in North America. While we acknowledge the potential of ENB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Borr Drilling (BORR): Among the Energy Stocks that Fell This Week
The share price of Borr Drilling Limited (NYSE:BORR) fell by 8.29% between July 11 and July 18, 2025, putting it among the Energy Stocks that Lost the Most This Week. A modern offshore drilling vessel navigating the seas with equipment mounted on its decks. Borr Drilling Limited (NYSE:BORR) is a premier offshore shallow-water drilling contractor dedicated to providing exceptional drilling services to the global oil and gas industry. Borr Drilling Limited (NYSE:BORR) fell after the analysts at BTIG downgraded the stock from 'Buy' to 'Neutral' as part of a broader research note on Offshore Oil Services names. The firm views the current slowdown in offshore drilling activity as a pause in the cycle, but still sees upside potential if utilization improves, keeping expectations tempered yet open. However, it must be mentioned that Borr Drilling Limited (NYSE:BORR) shot up significantly earlier this month after the company announced that it had secured four new contracts worth over $124 million, bringing its total of new commitments so far in 2025 to thirteen. While we acknowledge the potential of BORR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Oil and Gas Dividend Stocks to Buy Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Northern Oil and Gas (NOG) Fell This Week. Here is Why.
The share price of Northern Oil and Gas, Inc. (NYSE:NOG) fell by 11.39% between July 11 and July 18, 2025, putting it among the Energy Stocks that Lost the Most This Week. An aerial view of an oil and gas platform in the middle of the ocean, representing the massive resources harvested by the company. Northern Oil and Gas, Inc. (NYSE:NOG) is the largest publicly traded, non-operated, upstream energy asset owner in the United States that engages in the acquisition, exploration, development, and production of oil and natural gas properties. Northern Oil and Gas, Inc. (NYSE:NOG) fell this week after Mizuho lowered the stock's price target from $33 to $32, while maintaining a 'Neutral' rating on its shares. The analyst expects the NOG to lower its capex budget and volume guidance for 2025 on reduced activity. However, it must be mentioned that at the same time, Piper Sandler raised its price target for Northern Oil and Gas, Inc. (NYSE:NOG) from $30 to $31. This was primarily due to the analyst's long-term bullish outlook for the natural gas sector, especially following the announcement of a $90 billion investment in power and data center buildout during the recent PA Power and Innovation Summit. While we acknowledge the potential of NOG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Oil and Gas Dividend Stocks to Buy Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None.
