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Oil gas
Helix Exploration Advances Helium Production Plans with Strategic Acquisition of PSA Processing Plant
December 30, 2024 10:13 PM AEDT| By Team Kalkine MediaHighlights,Strategic Acquisition:,Helix Exploration secures a helium PSA processing plant with a proven track record for $0.5 million.,Accelerated Production:,The acquisition will fast-track helium production at the Rudyard Project while minimizing c...
Mosman Oil and Gas Strengthens Portfolio with Strategic Sagebrush Acquisition
December 30, 2024 09:58 PM AEDT| By Team Kalkine MediaHighlights,Strategic Expansion:,Mosman Oil and Gas Ltd acquires an 82.5% working interest in Colorado’s Sagebrush helium project.,Dual Resource Potential:,The 10,000-acre lease offers opportunities for helium and hydrocarbon exploration.,Steady Produ...
Pennpetro Energy Launches Dutch Auction to Place Up to 8 Million Shares
December 30, 2024 06:47 PM AEDT| By Team Kalkine MediaHighlights,Pennpetro Energy opens tender process for up to 8 million shares, targeting a minimum bid price of 9.0p.,Funds raised will address financial conditions of the Globalvision Agreement, settle historical creditors, and provide working capital...
OGDCL Achieves Enhanced Oil Production at Pasakhi-5 Well in Sindh
December 27, 2024 06:41 PM AEDT| By Team Kalkine MediaHighlights:,OGDCL successfully revived and enhanced oil production at Pasakhi-5 well, Sindh.,Production increased by 420 barrels per day, reaching 900 BPD after artificial lift installation.,This initiative highlights OGDCL’s commitment to optimizing...
Helium One Advances Drilling Preparations at Galactica Project in Colorado
December 23, 2024 09:07 PM AEDT| By Team Kalkine MediaHighlights:,Drilling Scheduled for January 2025:,Helium One will begin drilling at Jackson #31, with operations at Jackson #04 to follow.,Site Preparations Underway:,Access roads and well pads are being constructed at the Galactica Project.,50% Stake...
Petrofac Secures Future with $325 Million Injection and Debt-to-Equity Restructuring
December 23, 2024 09:07 PM AEDT| By Team Kalkine MediaHighlights:,$325 Million New Funding Secured:,Petrofac finalizes financial restructuring with significant new investment and debt-to-equity conversions.,Debt Reduction to $250 Million:,Nearly $800 million of existing debt will be converted to equity,...
Zephyr Energy Secures Rig Contract for Paradox Basin Extended Lateral Well
December 23, 2024 09:07 PM AEDT| By Team Kalkine MediaHighlights:,Rig Secured for Key Well:,Zephyr Energy PLC (LSE:ZPHR) contracts Nabors Drilling USA's B29 rig for its Paradox Basin project in Utah.,Significant Oil Recovery Potential:,The extended lateral well targets 5,500 additional feet of the Cane...
Helium One Global Announces Drilling Update for Galactica-Pegasus Project
December 23, 2024 07:15 PM AEDT| By Team Kalkine MediaHighlights,Drilling Set to Begin:,Drilling at Jackson #31 to commence in January 2025, followed by Jackson #04.,Progress on Site Preparation:,Work begins on site access and well pads for upcoming wells.,Expansion Plans:,Three additional approved well...
Petrofac Enters Binding Agreement for Major Restructuring
December 23, 2024 07:12 PM AEDT| By Team Kalkine MediaHighlights,Comprehensive Restructuring:,Petrofac enters a binding agreement for a restructuring plan, including $325 million in new funding and $772 million of debt-to-equity conversion.,Strategic Debt Reduction:,The restructuring will significantly...
Hummingbird Resources Updates on Kouroussa and Yanfolila Operations, Lowers Production Guidance
December 23, 2024 07:04 PM AEDT| By Team Kalkine MediaHighlights,Kouroussa Gold Mine:,Struggles to meet production forecasts, with $11.2 million less revenue expected in December.,Yanfolila Gold Mine:,Continues to face losses and challenges with an aging mining fleet, overdue creditor payments, and pend...
Zephyr Energy Secures Rig Contract for Paradox Basin Extended Lateral Drilling
December 23, 2024 07:03 PM AEDT| By Team Kalkine MediaHighlights,Rig Contract:,Zephyr Energy has signed a contract with Nabors Drilling USA to use its B29 rig for drilling an extended lateral from the State 36-2 LNW-CC-R well in the Paradox Basin.,Drilling Schedule:,Drilling is expected to begin in Janu...
Mendell Helium Provides Update on M3 Helium Operations in Kansas
December 23, 2024 06:53 PM AEDT| By Team Kalkine MediaHighlights,Nilson well production has increased to 127 Mcf/day.,Preliminary funding interest has been received from local oil & gas companies.,Deferred payment terms have been offered by the fracking contractor.,Mendell Helium (LSE:MDH) has provided...
Indus Gas Reports Fall in Revenue, PBT and operating Profit in Six-Month Period Ending 30 September 2024
December 20, 2024 07:55 PM AEDT| By Team Kalkine MediaHighlights:,Revenue Decline:,Indus Gas reports a significant drop in revenues, operating profit, and profit before tax for the interim period.,Gas Supply Disruption:,Ongoing maintenance at the ultimate customer’s power plant continues to affect gas s...
ITM Power Secures Key Role in 50MW Green Hydrogen Project in Europe
December 20, 2024 07:21 PM AEDT| By Team Kalkine MediaHighlights:,Major Green Hydrogen Project:,ITM Power awarded a FEED contract for a 50MW green hydrogen plant in the EU, set to produce 5,000 tonnes of hydrogen annually by 2027.,Innovative NEPTUNE V Technology:,The plant will deploy ITM Power’s NEPTUN...
Mosman Oil and Gas Secures Tribal Approval for Colorado Helium Exploration Project
December 19, 2024 09:22 PM AEDT| By Team Kalkine MediaHighlights:,Mosman Oil and Gas secures Tribal Council approval to lease 4,320 acres in Colorado’s Four Corners region for helium exploration.,The agreement includes a three-year lease with plans to finalize environmental compliance by January 2025.,C...
John Wood Group Secures Major Contract for Sustainable Fuel Production in Southeast Europe
December 19, 2024 09:02 PM AEDT| By Team Kalkine MediaHighlights:,John Wood Group awarded engineering, procurement, and construction management (EPCm) contract for OMV Petrom's Petrobrazi refinery upgrade in Romania.,The project will establish the region's first major sustainable aviation fuel (SAF) and...
Zenith Energy Reports Revenue Decline in 1H2024 Due to Lower Oil Production and Sales in Tunisia
December 19, 2024 06:42 PM AEDT| By Team Kalkine MediaHighlights,Revenue Decline:,Zenith Energy reported revenues of CAD$911k for the six months ended September 30, 2024, a decrease from CAD$1,362k in 2023.,Oil Production Decline:,The Company produced 1,471 barrels of oil from its Tunisian assets, down...
Quadrise Advances Clean Fuel Solutions with Panama Power Plant Trial
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Fuel Testing Initiative:,Quadrise to test its MSAR® and bioMSAR™ fuels at Sparkle Power's El Giral 50MW power plant in Panama.,Environmental and Economic Goals:,The trial aims to showcase cost savings and emissions reductions compared to...
Helium One Delays Drilling at Galactica-Pegasus Project Amid Severe Weather
December 13, 2024 09:48 PM AEDT| By Team Kalkine MediaHighlights:,Drilling suspended due to severe weather:,Adverse conditions at Colorado’s Galactica-Pegasus site delay operations until mid-January.,No impact on overall timeline:,Helium One confirms the project remains on track for first-half 2025 prod...
Touchstone Exploration Inc. (TSX, LSE: TXP) Announces Acquisition of Shell Trinidad Central Block
December 13, 2024 06:43 PM AEDT| By Team Kalkine MediaHighlights,Touchstone secures acquisition of Shell Trinidad Central Block assets for $23 million.,Acquisition offers access to Atlantic LNG and increased production capacity.,Strategic infrastructure, infill opportunities, and gas sales contracts enh...
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