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Energy
Is Peninsula Energy's (ASX:PEN) Cash Burn a Concern?
September 30, 2024 09:59 AM AEST| By Team Kalkine MediaHighlights,Peninsula Energy has a cash runway of about 3.5 years based on its current cash reserves.,The company’s cash burn increased by 285%, with operating revenue down 71%.,Analysts expect Peninsula Energy to break even before its cash runway end...
Worley (ASX:WOR) Delivers Impressive 66% Returns for Investors Over Three Years
September 30, 2024 09:59 AM AEST| By Team Kalkine MediaHighlights,Worley Limited has delivered a 66% return to investors over the past three years,.,The company achieved a remarkable 54% annual growth in earnings per share (EPS),.,Total shareholder return (TSR) for Worley stands at 66%, primarily driven...
Oil Market Dynamics Amid OPEC+ Supply Adjustments
September 27, 2024 12:30 PM AEST| By Team Kalkine MediaThe global oil market is once again in the spotlight as the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, commonly referred to as OPEC+, prepare to adjust oil production levels in December. This move comes as the group addr...
ADX Energy Advances Hydrocarbon Exploration with Promising Prospects in Austria
September 27, 2024 12:02 PM AEST| By Team Kalkine MediaHighlights,ADX Energy is set to test two major reservoirs to assess hydrocarbon characteristics and productivity.,Preliminary findings suggest the Welchau-1 well may yield valuable light oil in commercial quantities.,The development cycle for oil is...
Western Australia's Domestic Gas Policy Faces Transformative Changes
September 27, 2024 11:28 AM AEST| By Team Kalkine MediaHighlights,The WA government,modifies,its Domestic Gas Policy, allowing onshore gas exports to stimulate market development.,Companies like Beach Energy, Strike Energy, and Triangle Energy stand to,benefit,from the new regulations.,The policy change...
Focus Shifts to Taroom Trough as Gas Supply Crisis Deepens
September 25, 2024 01:05 PM AEST| By Team Kalkine MediaHighlights,Taroom,Trough,emerges,as a solution for the east coast gas crisis, drawing interest from Shell and Omega Oil & Gas (,ASX:OMA,).,Omega Oil & Gas is appraising flow potential through a horizontal drill well in the promising,Taroom,Trough.,Re...
Investor Discontent with Woodside Energy (ASX:WDS) Amid Strategic Concerns
September 25, 2024 10:23 AM AEST| By Team Kalkine MediaWoodside Energy (ASX:WDS), one of Australia’s leading oil and gas producers, has recently encountered dissatisfaction among investors, with some opting to exit their positions. This unrest stems from concerns about the company’s recent strategic deci...
Worley Secures Five-Year Agreement for Service Provision in Oman
September 23, 2024 06:53 PM AEST| By Team Kalkine MediaWorley Ltd,(ASX:WOR),has announced securing a five-year agreement to provide services for Petroleum Development Oman (PDO) in the northern concession areas of Oman. This agreement, awarded by Gulf Petrochemical Services & Trading LLC, will involve su...
Omega Oil and Gas Begins Horizontal Drilling at Canyon-1 Well
September 23, 2024 12:00 AM AEST| By Team Kalkine MediaOmega Oil and Gas Ltd (ASX: OMA) has commenced a significant drilling operation at its Canyon-1 well, located approximately 140 kilometers southeast of the Wallumbilla gas hub near Brisbane. This project marks a major step in testing gas flow potenti...
Provaris Energy Proposes Acquisition of Prototype Hydrogen Tank Production Cells
September 20, 2024 06:45 PM AEST| By Team Kalkine MediaProvaris Energy Ltd,(ASX:PV1),continues to advance its prototype hydrogen tank restart program at the Fiskå Facility in Norway. The company has recently submitted a proposal to acquire the installed prototype tank production cell. This initiative ref...
Asia Powers Global Expansion with Growing Demand for Gas
September 20, 2024 03:12 PM AEST| By Team Kalkine MediaAccording to the International Energy Agency's Q3 2024 gas report, the Asian region accounted for 60% of the 3% year-on-year increase in global gas demand during the first half of 2024. This surge is primarily driven by growing demand in China and In...
88 Energy (ASX:88E) Upgrades Project Phoenix Resources by 50%
September 19, 2024 11:08 AM AEST| By Team Kalkine Media88 Energy Ltd (ASX:88E) has announced a substantial upgrade to the contingent resources at Project Phoenix, located in Alaska. The revised estimate reveals approximately 378 million barrels of gross 2C contingent resources, representing a significant...
Elixir Highlights Opportunities in Queensland’s Taroom Trough
September 18, 2024 04:55 PM AEST| By Team Kalkine MediaElixir Energy Ltd,(ASX: EXR),is positioning itself as a potential solution to the energy crisis affecting Australia’s east coast. At the RIU Essential Energy conference, Managing Director Neil Young highlighted how the,ASX energy stock’s,activities i...
Provaris Energy (ASX:PV1) Positioned for Advantage After Australia-Germany $660M Renewable Hydrogen Initiative
September 18, 2024 04:46 PM AEST| By Team Kalkine MediaAustralia and Germany have strengthened their collaboration on the development of green hydrogen supply chains, committing substantial funding through the H2Global initiative, which secures European buyers for Australia's renewable hydrogen producers...
88 Energy’s 'Significant Update' at Phoenix Fuels Capital Raising Speculation
September 18, 2024 02:11 PM AEST| By Team Kalkine Media88 Energy Ltd,(ASX: 88E),has recently announced a substantial update on the contingent resources for its Project Phoenix, revealing a notable increase in estimated resources. Despite the promising news, some market participants remain skeptical.,Reso...
ADX Energy Ltd (ASX: ADX) Advances Oil Production with Anshof-2A Well
September 17, 2024 05:58 PM AEST| By Team Kalkine MediaADX Energy Ltd,(ASX: ADX),has achieved a significant milestone with the Anshof-2A well, marking a key development in the company's oil production efforts. This well, encountered updip from the water-wet Anshof-2 well and slightly down dip from the An...
New Hope (ASX:NHC) Share Price Increases Despite 56% Profit Decline in FY24 Results
September 17, 2024 05:12 PM AEST| By Team Kalkine MediaNew Hope Corporation Ltd,(ASX: NHC),, one of Australia’s leading coal miners, experienced a notable share price increase of over 2% following the release of its financial results for the fiscal year ending July 2024,FY24 Financial Highlights,For the...
Melbana Energy’s Cuban Oil Production Marks a Milestone Amid Global Market Moves
September 16, 2024 11:54 AM AEST| By Team Kalkine MediaThis week, significant news emerged from Melbana Energy,(ASX: MAY),, a Cuba-based oil explorer, as the company gears up to produce its first oil later this year. After a series of challenges and delays, Melbana Energy is set to make its mark as a pro...
Mineral Resources (ASX:MIN) Unveils Maiden Oil and Gas Estimates at Lockyer & Erregulla Projects, WA
September 16, 2024 09:56 AM AEST| By Team Kalkine MediaMineral Resources (ASX:MIN), commonly known as MinRes, has recently announced its initial oil and gas estimates for the Lockyer and Erregulla projects located in Western Australia (WA). These new estimates mark a significant milestone in the company'...
Manawa Acquisition to Enhance Contact Energy’s Renewable Energy Portfolio
September 11, 2024 10:17 AM AEST| By Team Kalkine MediaContact Energy Ltd (ASX:CEN) has taken a significant step in expanding its renewable energy portfolio by entering into a court-approved Scheme Implementation Agreement (SIA) to acquire 100% of New Zealand-listed Manawa Energy Ltd. This acquisition al...
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