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Oil gas
OPEC+ Delays Production Increase, Boosts Oil Prices Amid Market Shifts
November 04, 2024 11:38 AM AEDT| By Team Kalkine MediaHighlights,Oil prices see an early surge after OPEC+ delays production increases.,Brent and WTI crude prices rise, reflecting tightened market expectations.,Mixed performance across energy stocks on ASX with slight variances.,Oil prices made a notabl...
Origin Energy Shares Dip Despite Positive Quarterly Growth and Strong Renewable Investments
October 31, 2024 11:13 AM AEDT| By Team Kalkine MediaHighlights,Origin Energy shares fell by 0.5% despite a positive quarterly update showing 3% growth in electricity sales and steady gas volumes.,The company's Australia Pacific LNG revenue rose 1% due to higher LNG sales, while production slightly dec...
Paladin Energy (ASX:PDN) Shares Plummet 15% After Disappointing Quarterly Report and National Security Review
October 28, 2024 03:44 PM AEDT| By Team Kalkine MediaHighlights,PDN shares dropped 15% after reporting operational challenges and a national security review on a key acquisition.,Langer Heinrich Mine production ramped up but faced short-term issues affecting output and recovery rates.,The company’s acq...
Li-S Energy Shares Surge 58% After Breakthrough in Lithium-Sulfur Battery Technology
October 28, 2024 03:41 PM AEDT| By Team Kalkine MediaHighlights,Li-S Energy's lithium-sulfur battery technology delivers an industry-leading energy density of 498 Wh/kg, sparking a 58% surge in the company's stock.,The breakthrough targets drones, defense, and electric aviation sectors, promising light...
Carnarvon Energy Advances Dorado Project and Bolsters Finances
October 28, 2024 03:32 PM AEDT| By Team Kalkine MediaHighlights,Carnarvon Energy progresses with the Dorado project development and strategic board appointment.,Focused exploration in the Bedout sub-basin to enhance future gas resources.,Maintains strong financial position with A$177 million cash and n...
Oil Prices Decline Amid Israel’s Airstrikes on Iran, Sparing Key Oil Sites
October 28, 2024 02:29 PM AEDT| By Team Kalkine MediaHighlights,Oil prices dropped following Israel's recent airstrikes on Iran.,Key oil infrastructure and nuclear sites were bypassed in the strikes.,Market uncertainty remains around potential future impacts.,In a significant development impacting oil...
Oil Prices Dip as Markets React to Middle East Tensions
October 28, 2024 11:38 AM AEDT| By Team Kalkine MediaHighlights,Oil prices saw a steep drop after weekend developments in the Middle East.,Brent crude and West Texas Intermediate (WTI) prices fell significantly.,Tensions influenced energy markets, adding volatility concerns.,Global oil prices saw a mar...
Viva Energy Reports Sales Growth in 3QFY24 Amid Challenging Market Conditions
October 22, 2024 02:59 PM AEDT| By Team Kalkine MediaKey Points,Viva Energy announced a 3.0% year-on-year increase in total group sales volumes, reaching 4.2 billion litres for the third quarter of 2024.,The company forecasts Convenience & Mobility (C&M) EBITDA (RC) for FY2024 to range between $230 mil...
Melbana Energy Shares Surge Over 10% on Strong Q3 2024 Update, Meets Multiple Milestones
October 18, 2024 04:56 PM AEDT| By Team Kalkine MediaHighlights,Unit 1B development approved, first oil export planned by end of 2024.,New exploration permit granted in WA, seismic data interpretation ongoing.,The company held AU$9.6 million in cash, new Company Secretary appointed.,Shares jumped over...
Oil Faces Largest Weekly Loss Amid Supply and Demand Concerns
October 18, 2024 01:38 PM AEDT| By Team Kalkine MediaHighlights,Oil prices on track for largest weekly drop in over a month.,US oil inventories decreased, but production hit record levels.,Brent and WTI show significant weekly declines due to demand outlook adjustments.,Crude oil prices experienced a m...
Beach Energy Shares Surge After Strong Q1 Production and Revenue Report
October 18, 2024 11:24 AM AEDT| By Team Kalkine MediaHighlights:,Beach Energy reported a 10% quarter-on-quarter increase in production, reaching 5.2 MMboe, driven by key project completions and operational improvements.,Revenue remained stable at $427 million, meeting market expectations, while cost re...
Oil Prices Rise Amid Global Supply Concerns and Middle East Tensions
October 17, 2024 01:15 PM AEDT| By Team Kalkine MediaHighlights,Oil prices rose after recent declines amid global supply concerns.,Tensions in the Middle East impact production risks and market stability.,Reports of declining U.S. crude stockpiles and China's demand are being closely,monitored,.,Oil pr...
Oil Prices Steady Amid Geopolitical Concerns and Supply Outlook
October 17, 2024 11:43 AM AEDT| By Team Kalkine MediaHighlights:,Oil prices stabilize after recent fluctuations driven by geopolitical tensions.,Traders,monitor,potential risks in the Middle East and US stockpiles.,Supply outlook for next year adds uncertainty to the market.,Oil prices steadied followi...
Peninsula Energy Progresses Towards Uranium Production Restart at Lance Project, Wyoming
October 16, 2024 05:39 PM AEDT| By Team Kalkine MediaHighlights,Peninsula Energy has completed essential construction tasks at its Lance Project, including concrete work, installation of structural steel, roofing, and vital equipment like ion-exchange vessels and elution tanks.,Significant progress has...
Woodside Records Significant Growth in Third Quarter 2024, Eyes Major Future Projects
October 16, 2024 05:17 PM AEDT| By Team Kalkine MediaKey Points:,Woodside achieved record quarterly production of 53.1 MMboe, with a 21% increase in revenue, driven by Sangomar oil production and higher LNG prices.,The Scarborough LNG project is 73% complete, and the Clean Ammonia Project acquisition i...
Australian Energy Sub-Index Hits Lowest Level Since October Amid Falling Oil Prices
October 15, 2024 04:38 PM AEDT| By Team Kalkine MediaKey Points,The Australian energy sub-index fell 1.1%, hitting its lowest level since October 1, amid a 2% drop in oil prices and OPEC's lowered demand growth outlook.,Shares of Woodside Energy and Santos dropped as much as 1.5%, while Ampol retreated...
Santos Shares Decline to Lowest Level Since October Amid Analyst Downgrade
October 15, 2024 04:35 PM AEDT| By Team Kalkine MediaKey Points,Santos shares fell 1.5% to AU$7.07 following a downgrade by Macquarie.,Macquarie lowered its price target for Santos to AU$8.65 and reduced earnings estimates by 6%, 4%, and 6% for FY24-26.,Analysts expect Santos’s Q3 production to drop to...
Cooper Energy Achieves Record Production and Revenue in First Quarter FY25
October 15, 2024 04:01 PM AEDT| By Team Kalkine MediaKey Points:,Cooper Energy achieved record production of 6.85 PJe and revenue of $65.8 million in Q1 FY25.,The Orbost Gas Processing Plant (OGPP) delivered record production rates, reaching 66.2 TJ/d in September.,The company recorded its highest-ever...
Oil Prices Decline Amid Reports Israel Won’t Target Iranian Crude Infrastructure
October 15, 2024 02:32 PM AEDT| By Team Kalkine MediaHighlights,Oil prices fell after reports of Israel’s decision to avoid targeting Iran’s crude infrastructure.,Brent crude futures dropped near 3%, while WTI also slid below $72.,Reduced supply concerns follow Israel’s focus on military targets over o...
Vintage Energy to Acquire Galilee Energy in Strategic Merger to Boost Onshore Gas and Oil Portfolio
October 15, 2024 12:26 PM AEDT| By Team Kalkine MediaKey Points:,Vintage will acquire all of Galilee’s shares in a 2-for-1 share exchange under a scheme of arrangement.,The merged entity will create a diversified portfolio of gas and oil assets across eastern Australia.,Galilee’s board recommends the S...
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