Energy Stocks to Watch: General Electric Company (NYSE:GE), KKR & Co. L.P. (NYSE:KKR), Tsakos Energy Navigation Ltd. (NYSE:TNP)

General Electric Company (NYSE:GE) has developed two new oil-based crude stabilizers to help refineries process incompatible crude oil blends. The company’s new products, EmBreak 2167 and EmBreak 2168, are ashless and do not contain metals that could contribute to catalyst contamination or equipment fouling. Traditional asphaltene dispersants can contain metals, such as phosphorous or calcium, which can act as a catalyst to foul downstream equipment.

The products are part of GE’s patent-pending technology that can be used specifically in refinery desalters and other oil and water separation equipment. Shares in GE were down 0.08% to $26.35 shortly after main markets opened on Wednesday morning. This is towards the upper end of the company’s 52-week range, which has seen shares trade between $22.92 and $28.09.

KKR & Co. L.P. (NYSE:KKR) has agreed to acquire a majority stake in Scotland-based offshore oil and gas equipment provider OEG Offshore Group, the energy services company reported Wednesday morning. Financial details of the acquisition were not disclosed.

OEG Offshore Group said its executive management will maintain a “significant holding” in the company. After rising in pre-market trade, KKR shares recently traded at $24.44, down 0.5%. The stock trades near the top end of the 52-week range of $18.74 to $26.50.

Tsakos Energy Navigation Ltd. (NYSE:TNP) announced the delivery of the 2013- and 2012-built suezmaxes, Eurovison and Euro, sister vessels to the 2011-built Spyros K and Dimitris P. TNP says three of the four vessels have secured forward minimum gross revenues of approximately $154 million.

The Euro is currently on a remaining 16-month charter to a major US oil company at a rate with escalation features and expected gross revenues of about $12 million. TNP says the performance of the new acquisitions will start to be reflected in Q3 and in full starting from Q4. Shares of TNP are up more than 5% as a result of Canaccord initiating a Buy rating on the stock today. It last traded at $7.00 with a 52-week range of $4.41 to $8.48.