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Oil gas
UK Oil and Gas PLC Raises £55,537 via Retail Offer
November 23, 2024 02:59 AM AEDT| By Team Kalkine MediaHighlights,Retail Offer success:,Raised £55,537 through 222.1 million new shares at 0.025 pence per share.,Separate from Placing:,The Retail Offer operates independently of the Placing announced on November 19, 2024.,Trading to commence:,Retail Offer...
HydrogenOne Capital Growth Invests in Sunfire’s 50-MW Electrolyser Contract for Finnish Hydrogen Project
November 20, 2024 09:23 PM AEDT| By Team Kalkine MediaHighlights,New Contract:,Sunfire GmbH secures a 50-MW electrolyser contract with Ren-Gas for a hydrogen project in Finland.,Technology Leadership:,The contract involves cutting-edge pressurised alkaline electrolysis technology for green hydrogen and...
Pantheon Resources Secures $2.6M via Share Placement to Manage Convertible Debt
November 20, 2024 01:33 AM AEDT| By Team Kalkine MediaHighlights:,Share Placement Raises $2.6M:,Pantheon Resources issued 9.1 million shares to pay down convertible debt, raising $2.622 million.,Prudent Governance Approach:,The move preempts potential regulatory challenges tied to upcoming drilling upda...
Tullow Oil Extends Credit Facility, Strengthens Financial Position
November 19, 2024 11:45 PM AEDT| By Team Kalkine MediaHighlights:,RCF Extended:,Tullow Oil extends its $250 million Revolving Credit Facility (RCF) to June 2025.,Optimized Facility Size:,The RCF was reduced to reflect lower liquidity needs, lowering financing costs.,Oversubscribed Extension:,Strong lend...
UK Oil & Gas PLC Undertakes Equity Raise to Expand Hydrogen Storage Portfolio
November 19, 2024 11:09 PM AEDT| By Team Kalkine MediaHighlights:,£500,000 Equity Raise:,UK Oil & Gas PLC (LSE:UKOG) raises capital to acquire a hydrogen storage site in East Yorkshire and secure related intellectual property.,Strategic Hydrogen Focus:,The acquisition aligns with UK government’s East Co...
Helium One Global Advances with New Drilling Approvals at Galactica-Pegasus Project in Colorado
November 15, 2024 08:35 PM AEDT| By Team Kalkine MediaHighlights:,Drilling Approvals Granted:,Colorado’s ECMC has approved permits for five additional helium wells at the Galactica-Pegasus site.,Expansion of Production Capacity:,The new wells will join the existing State-16 well, enhancing initial gas g...
Africa Oil Corp: Strong Q3 Performance and Strategic Moves Highlight Undervalued Opportunity
November 15, 2024 08:35 PM AEDT| By Team Kalkine MediaHighlights:,Robust Financial Performance,:,Africa Oil Corp posted improved Q3 results, including strong cash flow and upgraded full-year forecasts.,Positive Exploration Outlook,:,The company is advancing high-profile exploration projects in the Orang...
UK and European Gas Prices Surge as Russian Supply Concerns Intensify
November 15, 2024 03:19 AM AEDT| By Team Kalkine MediaHighlights:,Gas Prices Hit Near One-Year High:,UK and European gas prices soared after a major arbitration ruling, signaling potential supply disruptions from Russia.,OMV Wins Arbitration Against Gazprom:,Austria’s OMV announced it may halt gas suppl...
Global Petroleum Shares Rally on Promising Aerial Survey Results at Juno Project
November 15, 2024 03:15 AM AEDT| By Team Kalkine MediaHighlights:,Positive Survey Data:,An airborne magnetic survey at Global Petroleum’s Juno project has revealed strong magnetic features, indicating potential new mineral structures.,Targeting Gold and Copper Deposits:,The findings point towards deposi...
Petro Matad Faces Setbacks at Heron Wells, Shares Drop 28%
November 15, 2024 03:00 AM AEDT| By Team Kalkine MediaHighlights:,Production Setback:,Higher-than-expected gas levels at the Heron-1 well have restricted oil flow rates significantly below prior test results.,Testing Issues:,Heron-2 well testing returned lower-than-expected flow rates, prompting a tempo...
Plexus Holdings Expands Into Middle East with New Offshore Gas Exploration Contract
November 14, 2024 07:36 PM AEDT| By Team Kalkine MediaHighlights:,New Contract Win,: Plexus Holdings to supply Exact exploration wellhead equipment for an offshore gas project in the Middle East, generating around $1 million in revenue starting in late 2025.,Strategic Partnership,: The contract was secu...
Kodal Minerals Advances Bougouni Lithium Project Toward Early 2025 Production
November 14, 2024 07:36 PM AEDT| By Team Kalkine MediaHighlights:,On Track for Production,: Kodal Minerals confirms Bougouni Lithium Project remains on schedule for first production in early 2025 within its $65 million capital budget.,Construction and Mining Progress,: Key infrastructure developments an...
SSE’s Half-Year Results Highlight Growth, Renewables Expansion, and Major Project Milestones
November 14, 2024 03:03 AM AEDT| By Team Kalkine MediaHighlights,SSE posts solid earnings, boosts dividend amid robust growth.,Investments of £1.3 billion drive renewable energy and grid projects.,Major infrastructure achievements, including the Viking wind farm and subsea links.,SSE PLC (LSE:SSE) has r...
Valeura Energy Sees 66% Production Increase, Completes Corporate Restructuring
November 14, 2024 12:18 AM AEDT| By Team Kalkine MediaHighlights,Nong Yao C field boosts production by 66%, exceeding expectations.,Q3 revenue reaches $139 million; adjusted EBITDAX at $71 million.,Record production in September and October with expectations for strong Q4 sales.,Valeura Energy Inc. (TSX...
Why Is Empyrean Energy Pursuing a Major Capital Reorganization Now?
November 13, 2024 08:53 PM AEDT| By Team Kalkine MediaHighlights,Empyrean Energy plc announces a shareholder circular detailing a proposed fundraising and capital reorganisation.,New Ordinary Shares will be issued and traded on AIM, including Placing Shares, Subscription Shares, and Retail Offer Shares....
Did Shell Just Set Back Global Climate Goals?
November 12, 2024 09:25 PM AEDT| By Team Kalkine MediaHighlights,Shell recently won an appeal overturning a 2021 ruling requiring a significant emissions reduction by 2030.,The Court of Appeal in the Netherlands reversed the district court's decision mandating a 45% cut in Shell's emissions, including s...
Diversified Energy Reports Strong Q3 Results Amid Strategic Growth Focus
November 12, 2024 07:37 PM AEDT| By Team Kalkine MediaHighlights:,Robust Financial Performance:,Diversified Energy achieved $102 million in operating cash flow and $115 million in adjusted EBITDA for Q3.,Strategic Debt and Share Repurchases:,Year-to-date, the company has repaid $154 million in debt and...
Kistos Invests in Spiralis Energy to Support Tidal Energy Innovation
November 11, 2024 06:58 PM AEDT| By Team Kalkine MediaHighlights,Kistos has committed £800,000 to Spiralis Energy Ltd, acquiring up to a 20% equity stake, including 10% equity and 10% warrants.,Spiralis Energy’s Axial Skelter, a fully recyclable and 3D-printed tidal power solution, is poised to revoluti...
Mendell Helium Strengthens Position with New Well Acquisitions in Kansas Hugoton Gas Field
November 08, 2024 08:20 PM AEDT| By Team Kalkine MediaHighlights:,Strategic Expansion,:,M3 Helium Corp secures two,additional,producing wells in Kansas, boosting its production capacity.,Incremental Production,:,The acquired wells yield 25 Mcf/day, contributing to helium output without significant costs...
ITM Power Secures First Contract for NEPTUNE V Unit with Guttroff GmbH
November 08, 2024 06:54 PM AEDT| By Team Kalkine MediaHighlights,ITM Power has secured its first contract for a NEPTUNE V electrolyser unit with Guttroff GmbH.,NEPTUNE V, a 5MW containerized electrolyser, is designed for mid-sized projects and uses ITM's TRIDENT stack technology.,The electrolyser will h...
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