Oil gas
Kevin Gallagher’s High-Stakes Race to Transform Santos (ASX: STO)
July 08, 2024 03:35 PM AEST| By Team Kalkine MediaKevin Gallagher is in a race against time. A veteran of Australia's oil and gas industry, the Scotsman has earned acclaim for transforming Santos Ltd (,ASX: STO,) into the country’s second-largest fossil fuel producer in under a decade. Now, Gallaghe...
Santos (ASX: STO) Shares Surge Amid Speculations of Bids from Major Oil Companies
July 05, 2024 11:14 AM AEST| By Team Kalkine MediaShares of Australian energy company Santos (,ASX: STO,) have experienced a notable rise of approximately 3.6% over the past week, marking their best performance since 10 May. This surge comes amidst growing interest from major global oil companies in...
Fortescue's (ASX: FMG) Legal Battle Unveils Corporate Espionage Allegations
July 04, 2024 05:47 PM AEST| By Team Kalkine MediaFortescue Ltd (,ASX: FMG,) finds itself embroiled in a legal saga tinged with accusations of corporate espionage, shedding light on a controversy that has cast a shadow over its recent share price surge.,Fortescue's shares closed 3.19% higher at AU$2...
New Hope Corp (ASX: NHC) Faces Share Price Decline Amid Convertible Notes Announcement
July 04, 2024 05:46 PM AEST| By Team Kalkine MediaThe New Hope Corp Ltd (,ASX: NHC,) has seen its share price plummet on Thursday following the announcement of a significant financial transaction. Shares in the S&P/ASX 200 Index coal miner closed at AU$5.26 yesterday but have dropped to close at AU$...
Australian Energy Stocks Rally Amid Rising Oil Prices
July 03, 2024 01:22 PM AEST| By Team Kalkine MediaAustralian energy stocks (INDEXASX: XEJ) climbed as much as 1.2% on Wednesday, reaching their highest levels since 22 May 2024. The sector's strong performance comes as oil prices edged higher in early Asian trade, spurred by industry data showing a...
Australian Energy Stocks Surge on Rising Oil Prices and Demand Expectations
July 02, 2024 12:44 PM AEST| By Team Kalkine MediaAustralian energy stocks experienced a significant boost on Tuesday, with the energy sub-index (XEJ) rising by as much as 1.24% to reach its highest level since 3 June. This marks the sixth consecutive session of gains for the sub-index, driven by fa...
UBS Bullish on Origin Energy's (ASX: ORG) Growth Potential Despite Market Response
July 01, 2024 01:56 PM AEST| By Team Kalkine MediaAnalysts at UBS have expressed bullish sentiments regarding Origin Energy (,ASX: ORG,), believing that the market currently undervalues the company's peaking generation portfolio and its stake in Octopus Energy.,Analyst Upgrade and Market Reaction,UB...
AGL Energy (ASX: AGL) Faces Market Pressure Following Analyst Downgrade
July 01, 2024 01:55 PM AEST| By Team Kalkine MediaAGL Energy (,ASX: AGL,) experienced a notable decline in its share price on Monday, dropping as much as 1.57% to AU$10.66 apiece, marking its most significant intraday decrease since 11 June.,Analyst Actions and Market Response,UBS, a prominent broke...
Australian Energy Sector Underperforms in First Half of 2024
June 28, 2024 04:33 PM AEST| By Team Kalkine MediaAustralian energy stocks are on track to close the first half of the calendar year 2024 with a 5.6% decline, significantly underperforming the broader benchmark index, which has risen nearly 2.5% during the same period. This marks the worst first hal...
What analysts are saying about Woodside (ASX: WDS)?
June 27, 2024 12:07 PM AEST| By Team Kalkine MediaWhat analysts are saying about Woodside,(ASX: WDS),?,Woodside Energy Group Ltd (,ASX: WDS,) has experienced significant share price volatility, with its stock dropping by 25% over the past ten months. This sharp decline has left investors questioning...
Strike Energy (ASX: STX) Shares Surge on Refinancing Deal and Positive Market Performance
June 21, 2024 03:18 PM AEST| By Team Kalkine MediaShares of Australia's Strike Energy (,ASX: STX,) rose as much as 6.98% on Friday to AU$0.23 apiece, reaching their highest level since 28 May 2024. This marks the company's second consecutive day of gains. If the current trend holds, Strike Energy's...
Australia's Energy Stocks Rebound, Breaking Three-Week Losing Streak
June 21, 2024 03:15 PM AEST| By Team Kalkine MediaAustralia's energy stocks (INDEXASX: XEJ) have seen around 0.50% increase so far this week, ending a three-week losing streak. The sub-index rose as much as 0.9% during the intraday session on Friday, marking its highest level since 14 June 2024. Thi...
Woodside (ASX: WDS) Reshapes Leadership Structure to Navigate Energy Transition
June 21, 2024 02:28 PM AEST| By Team Kalkine MediaWoodside (,ASX: WDS,),has announced a revised leadership structure, effective from August 1, 2024, to advance the company’s strategy and navigate the evolving energy landscape. This new structure consolidates core business activities into a streamlin...
Australian Energy Stocks Hit New Low Amid Weakening Oil Prices and U.S. Consumer Sentiment
June 17, 2024 03:08 PM AEST| By Team Kalkine MediaThe Australian energy stocks sub-index (INDEXASX: XEJ) experienced a significant decline on 17 June 2024, falling as much as 1.17% to its lowest level since 7 December 2023. This downturn comes as oil futures prices settled slightly lower on Friday,...
Woodside (ASX: WDS) Shares Surge on First Oil from Sangomar Field
June 11, 2024 03:48 PM AEST| By Team Kalkine MediaWoodside Energy Group Ltd (,ASX: WDS,) shares are witnessing a notable uptick today, driven by positive developments on multiple fronts. The oil and gas stock, a constituent of the S&P/ASX 200 Index (ASX: XJO), has displayed resilience amidst broader...
Titomic (ASX: TTT) Shares Surge Following Collaboration with Woodside Energy
June 11, 2024 03:28 PM AEST| By Team Kalkine MediaShares of Titomic Limited (,ASX: TTT,) soared as much as 8.79% to reach AU$0.083 apipece, marking their highest level since 20 May 2024. This significant rise follows the announcement that Woodside Energy (ASX: WDS), a leading energy company, will ut...
AGL (ASX: AGL) Shares Drop Amid Retail Transformation Program Costs
June 11, 2024 03:17 PM AEST| By Team Kalkine MediaThe AGL Energy Ltd (,ASX: AGL,) share price is facing downward pressure today, as investors respond to recent company announcements. The shares of the S&P/ASX 200 Index (ASX: XJO) energy provider, which closed at AU$10.49 on Friday, are currently tra...
Beach Energy (ASX: BPT) Shares Decline Following Citi Downgrade and Revised Price Target
June 07, 2024 03:12 PM AEST| By Team Kalkine MediaShares of oil and gas explorer Beach Energy (,ASX: BPT,) experienced a decline of up to 1.84% on 7 June 2024, reaching AU$1.60 apiece, marking their lowest level since May 8. The downturn comes in the wake of Citi's decision to downgrade the stock fr...
Meridian Energy (ASX: MEZ) Shares Surge on New Long-Term Contracts
May 31, 2024 04:18 PM AEST| By Team Kalkine MediaMeridian Energy Limited (,ASX: MEZ,) saw its shares rise by 5.55% to trade at AU$6.09 during the afternoon on 31 May 2024. This increase follows the announcement of a significant agreement between Meridian Energy and New Zealand’s Aluminium Smelter (...
Wesfarmers (ASX: WES) Offloads LPG and LNG Units as Earnings Decline
May 30, 2024 04:32 PM AEST| By Team Kalkine MediaWesfarmers (,ASX: WES,) has announced the sale of its liquefied petroleum gas (LPG) and liquefied natural gas (LNG) distribution businesses to Supagas and Clean Energy Fuels Australia, respectively. The conglomerate disclosed this strategic move on T...
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