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Oil gas
Sunda Energy Advances Timor-Leste Gas Development with Government Collaboration
December 12, 2024 10:26 PM AEDT| By Team Kalkine MediaHighlights:,Sunda Energy signs a Memorandum of Understanding with Timor-Leste for potential development of Chuditch gas resources.,Plans include pipeline export to Bayu Undan and LNG processing on Timor-Leste’s south coast.,Feasibility studies and ap...
Helix Exploration Announces Significant Helium Discovery at Rudyard Project
December 12, 2024 10:26 PM AEDT| By Team Kalkine MediaHighlights:,Helix Exploration’s Darwin #1 well at Rudyard logs commercial helium flow rates of 2,750 Mcf/d.,The project’s low capital requirements position it for rapid advancement into production.,Helix aims to commence cash-generating operations be...
Centrica Provides Update on 2024 Performance and Announces Share Buyback Extension
December 10, 2024 07:04 PM AEDT| By Team Kalkine MediaHighlights,Centrica expects 2024 full-year earnings per share in line with analyst consensus.,The company announces a £300 million extension to its share buyback program.,Solid operating performance across its portfolio, including the extension of th...
Pantheon Resources plc (AIM: PANR, OTCQX: PTHRF) Announces Megrez-1 Well Discovery in Ahpun Field, Alaska
December 10, 2024 06:45 PM AEDT| By Team Kalkine MediaHighlights,Megrez-1 well hits a large light liquids hydrocarbon column in Ahpun field, Alaska.,Operations completed on time and within budget, with comprehensive log and core data gathered.,Long-term production testing is planned for early 2025.,Pant...
Pantheon Resources Reports Significant Progress Across Key Alaska Oil and Gas Projects
December 09, 2024 09:47 PM AEDT| By Team Kalkine MediaHighlights,Pantheon Resources confirms contingent resources of 1.6 billion barrels of ANS crude and 6.6 trillion cubic feet of natural gas.,The Megrez-1 well programme has the potential to expand the resource base by approximately 40%.,A gas sales ag...
Sunda Energy Advances Drilling Plans for Chuditch Field with Rig Agreement
December 09, 2024 09:47 PM AEDT| By Team Kalkine MediaHighlights,Sunda Energy signs a Letter of Intent for a jack-up rig to support Chuditch field appraisal.,The planned Chuditch-2 appraisal well is set for drilling in Q2 2025, pending regulatory approvals.,The agreement marks a key step in advancing op...
Plexus Holdings Reports Improved Financial Performance and Strategic Advances
December 09, 2024 09:47 PM AEDT| By Team Kalkine MediaHighlights,Plexus Holdings reports a significant financial improvement for the year ending June 2024.,Key milestones include a licensing agreement with SLB and a new offshore gas exploration contract in the Middle East.,Focus areas include Carbon Cap...
Getech Partners with Natural Hydrogen Ventures to Accelerate Growth in Natural Hydrogen Sector
December 09, 2024 07:07 PM AEDT| By Team Kalkine MediaHighlights,Getech and Natural Hydrogen Ventures (NHV) form a strategic partnership to enhance natural hydrogen exploration.,The collaboration combines Getech’s advanced geoscience tools with NHV’s financing expertise to de-risk investments in the sec...
ITM Power Upgrades Guidance for FY25, Targets Revenue of £18-22 million
December 05, 2024 07:28 PM AEDT| By Team Kalkine MediaHighlights,Financial Performance:,Revenue of £15.2 million for the first half of FY25; Adjusted EBITDA loss narrowed to £17.1 million.,Cash Position:,Strong net cash of £203 million at the end of H1, leading to an improved year-end forecast of £170 m...
Chariot Ltd (LSE:CHAR) Secures $100 Million Guarantee to Drive Renewable Energy in South Africa
December 05, 2024 04:48 AM AEDT| By Team Kalkine MediaHighlights,Chariot’s 49%-owned subsidiary, Etana, secures a $100 million guarantee facility to fund renewable projects.,Facility expected to support up to $500 million in wind and solar developments, equating to 500MW capacity.,Stifel views the fundi...
Centrica and EDF Extend Lifespan of Advanced Gas-Cooled Reactors
December 04, 2024 09:24 PM AEDT| By Team Kalkine MediaHighlights,Four Advanced Gas-cooled Reactor (AGR) nuclear power stations will operate longer than initially planned, supporting UK energy stability.,Heysham 1 and Hartlepool to run until March 2027, with Heysham 2 and Torness extended to March 2030.,...
Mast Energy Developments Reports Positive Revenue Growth at Pyebridge Asset
December 03, 2024 10:26 PM AEDT| By Team Kalkine MediaHighlights,November 2024 trading revenue at Pyebridge reached approximately £58,000, with Embedded Benefits yet to be accounted for.,October's final revenue increased by 11% to £72,000 following Embedded Benefits inclusion.,Pyebridge's capacity to ge...
United Oil & Gas Faces Cash Flow Crisis Amid Payment Delays from Egypt
December 03, 2024 09:43 PM AEDT| By Team Kalkine MediaHighlights:,Cash Flow Concerns:,United Oil & Gas has warned about its strained cash position, citing delayed payments from Egypt's EGPC.,Cost-Cutting Measures:,The company is slashing expenses to "bare minimum" levels to extend its financial runway.,...
Seascape Energy Asia Gains Momentum with Farm-Out Deal and Equity Raise
December 02, 2024 09:53 PM AEDT| By Team Kalkine MediaHighlights:,Strategic Farm-Out Agreement:,Seascape Energy Asia partners with Japan's Inpex for a $10 million cash injection and exploration funding at Malaysia’s Block 2A.,Equity Raise Secured:,The company raised £2 million through a placing, strengt...
How Mkango Resources performed in Q3 2024?
November 29, 2024 06:21 PM AEDT| By Team Kalkine MediaHighlights,Mkango Resources reported a strong cash position of US$2 million as of September 30, 2024, bolstered by a successful £1.25 million capital raise.,The company is advancing rare earth magnet recycling and manufacturing projects with commerci...
Southern Energy Third Quarter 2024 Financial Results Affected by Lower Gas prices and Production
November 29, 2024 06:17 PM AEDT| By Team Kalkine MediaHighlights,Southern Energy’s third-quarter sales fell by 34%, with natural gas production dropping by 17%.,The company reduced its net debt by $1.4 million during the quarter, while monetizing excess inventory equipment for $3.4 million in proceeds.,...
Tullow Oil Shares Gain Limelight Following 2024 Guidance Upgrade
November 28, 2024 09:49 PM AEDT| By Team Kalkine MediaHighlights,Production Consistency:,Group production remains in line with expectations, averaging 62 kboepd year-to-date.,Ghana Operations:,Jubilee production underperformed due to well issues and downtime, but mitigation efforts are underway.,Revised...
Arrow Exploration Reports Record Q3 2024 Performance and Ambitious 2025 Growth Plans
November 28, 2024 07:22 PM AEDT| By Team Kalkine MediaHighlights,Record-breaking Q3:,Highest production, revenue, and cash flow in company history.,Strategic drilling success:,Six horizontal wells completed in the Carrizales Norte (CN) field.,Growth-focused 2025 plan:,$50M capital expenditure targeting...
Serica Energy Reports Q3 Results with Strong Production Growth and Positive Outlook for 2024
November 26, 2024 07:14 PM AEDT| By Team Kalkine MediaHighlights,Serica Energy’s production reaches 37,800 boepd for the first nine months of 2024, driven by Q3 growth of 26,000 boepd.,Cash position stands at $258 million with a modest net debt of $27 million, following significant tax and dividend paym...
Quadrise Collaborates with Auramarine to Advance Cleaner Marine Fuels
November 26, 2024 01:41 AM AEDT| By Team Kalkine MediaHighlights,Strategic Partnership,: Quadrise partners with Auramarine Oy to promote cleaner energy solutions for the marine sector.,Focus Areas,: Collaboration on emulsion fuels, biofuels, and advanced fuel systems to decarbonize marine operations.,Jo...
AI on the Rise: A Look at Top AI Companies and Their Stocks