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Oil gas
John Wood Group Initiates Independent Review Amid Project Write-Offs and Mixed Quarterly Results
November 08, 2024 12:36 AM AEDT| By Team Kalkine MediaHighlights:,Independent Review Launched,: Deloitte to assess contract reporting, accounting, and governance at Wood Group.,Quarterly Performance Mixed,: Revenue up slightly, but underperformance noted in the projects division.,Cost-Cutting on Track,:...
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ITM Power Achieves Major Milestone in Precious Metal Reduction for Electrolyser Technology
November 06, 2024 07:10 PM AEDT| By Team Kalkine MediaHighlights,ITM Power validated a 40% reduction in iridium loading for PEM electrolysers while maintaining performance and durability.,The company’s CHRONOS stack platform development is on track, integrating advancements from ITM’s roadmap.,ITM has c...
Thor Energy Begins Drilling at Groundhog Prospect in Colorado
November 05, 2024 06:56 PM AEDT| By Team Kalkine MediaHighlights,Drilling Launched,: Thor Energy has begun RC drilling at Groundhog Prospect in Colorado, focusing on areas with previously identified high-grade uranium and vanadium.,Promising Results,: Initial targets include high-grade intervals from pr...
AFC Energy Shares FY24 Performance Report, Expands Manufacturing and Launches New Division
November 04, 2024 07:25 PM AEDT| By Team Kalkine MediaHighlights,FY24 revenue reaches £4.0 million, surpassing market expectations.,Modernized manufacturing supports hydrogen-powered generator production.,Launch of Hyamtec Division to advance ammonia cracking technology.,AFC Energy PLC (LSE:AFC), a lead...
Jefferies Reaffirms BP Price Target Amid Confidence in Strategic Balance and Financial Stability
November 04, 2024 11:24 AM AEDT| By Team Kalkine MediaHighlights:,Price Target Reaffirmed:,Jefferies,maintains,BP’s price target at £5.40, reflecting a 42% premium over current levels.,Stable Buybacks Projected:,BP is expected to sustain,$1.3 billion,in quarterly buybacks if oil prices,remain,steady aro...
North Sea Oil Stocks Rally as UK Budget Eases Tax Hike and Regulation Fears
November 04, 2024 10:44 AM AEDT| By Team Kalkine MediaHighlights:,Stocks Surge Post-Budget:,Jersey Oil and Gas (,LSE:JOG,) soared up to 60%, with other North Sea operators posting significant gains.,Tax Rate Increased, Investment Relief Retained:,The Energy Levy rose to 38%, with extended,Decarbonisatio...
Shell Surpasses Q3 Profit Forecasts with $6 Billion in Earnings, Boosted by LNG Sales
November 01, 2024 05:06 AM AEDT| By Team Kalkine MediaHighlights,Shell reports Q3 profit of $6 billion, beating expectations by 12% as strong LNG sales offset weaker refining margins.,CEO Wael Sawan’s strategy gains investor support by focusing on core oil, gas, and biofuel segments.,Shell’s share buyba...
Serica Energy Announces Production Interruption Due to Gas Compressor Issue
October 30, 2024 12:14 AM AEDT| By Team Kalkine MediaHighlights,Compressor Issue,: The Triton FPSO gas compressor malfunction caused production to be temporarily halted.,Production Guidance Lowered,: 2024 output is now expected to be slightly below the previous guidance of 41,000 to 46,000 boepd.,Gas P...
BP Reports Q3 Profit Drop, Refocuses on Oil & Gas Growth Over Clean Energy
October 29, 2024 10:39 PM AEDT| By Team Kalkine MediaHighlights:,BP’s Q3 profit dropped 31% from last year to $2.3 billion, alongside lower cash flows and a rising net debt.,The company pivots to prioritize oil and gas growth with a value-over-volume strategy, reassessing clean-energy investments.,BP m...
Union Jack Oil Advances US Expansion with Upcoming Taylor-1 Well in Oklahoma
October 29, 2024 10:39 PM AEDT| By Team Kalkine MediaHighlights:,Union Jack Oil’s Taylor-1 well in Oklahoma is set to spud around October 31, targeting new and tested formations.,The Taylor-1 well has a 40% chance of success, with Union Jack holding a 45% interest.,The company is seeing returns on US i...
Uruguay Farm-Out Completion Brings $12.5M Chevron Payment to Challenger Energy
October 29, 2024 08:50 PM AEDT| By Team Kalkine MediaHighlights:,Challenger Energy secured $12.5 million from Chevron after completing the AREA OFF-1 farm-out.,Chevron assumes project operator role, covering Challenger’s costs in upcoming seismic and exploration efforts.,Challenger anticipates further...
Triton Platform Experiences Temporary Shutdown, Says Serica Energy
October 29, 2024 08:50 PM AEDT| By Team Kalkine MediaHighlights:,Serica Energy temporarily halts Triton FPSO production due to a potential gas seal failure.,Production halt impacts annual output guidance, though other assets remain on forecast.,Repairs are underway, with Triton FPSO operations expected...
MZ Group to Lead US Investor Relations for Pantheon Resources’ Alaskan Oil Projects
October 29, 2024 08:50 PM AEDT| By Team Kalkine MediaHighlights:,Pantheon Resources appoints MZ Group to boost US investor engagement.,Company prepares for increased activity in Alaskan oil and gas projects.,Strategic goal is to achieve market recognition of $5-10 per barrel by 2028 for its 1.6 billion...
HeLIX Exploration Moves Closer to Helium Drilling at Montana’s Rudyard Project
October 29, 2024 01:21 AM AEDT| By Team Kalkine MediaHighlights:,HeLIX Exploration has completed construction and is set to begin drilling at the Rudyard helium project in Montana.,The Darwin #1 well aims to tap into an estimated helium resource valued at over $250 million.,The project benefits from de...
Europa Oil & Gas Adjusts Strategy, Eyes Key Partnerships in Equatorial Guinea
October 29, 2024 01:21 AM AEDT| By Team Kalkine MediaHighlights:,Europa Oil & Gas and Antler Global launch search for drilling partner on EG-08 license, with a potential 2.1 trillion cubic feet of gas in Equatorial Guinea.,Operational focus shifts to Equatorial Guinea and Ireland, while UK production s...
Oil Prices Drop Amid Signs of Easing Middle East Tensions Following Israeli Strike
October 28, 2024 11:21 PM AEDT| By Team Kalkine MediaHighlights:,Brent crude prices fell over 4% on Monday amid signs of easing tensions in the Middle East.,Israeli airstrikes targeted military sites in Iran, avoiding critical nuclear or oil infrastructure.,Oil companies BP and Shell saw share declines...
Thor Energy Raises £1M, Targets Hydrogen & Helium with Go Exploration Stake
October 28, 2024 11:21 PM AEDT| By Team Kalkine MediaHighlights:,Thor Energy raises £1 million through a share issue to fund new ventures.,The company is exploring a potential acquisition of an 80% stake in Go Exploration.,Go Exploration focuses on helium and hydrogen exploration in South Australia.,Th...
Good Energy Shares Climb on Bid Approach and Solar Acquisition
October 28, 2024 11:21 PM AEDT| By Team Kalkine MediaHighlights:,Good Energy's shares jumped 17% following news of a bid approach.,The company announced the acquisition of solar provider Empower Energy for £7 million, plus an additional £1 million contingent on performance.,The acquisition marks Good E...
Good Energy Group Acquires Empower Energy to Enhance Solar Installation Capabilities
October 28, 2024 06:47 PM AEDT| By Team Kalkine MediaHighlights,Strategic Acquisition,: Good Energy announces the acquisition of Empower Energy, a solar installation company, to bolster its commercial installation capacity.,Financial Terms,: The acquisition involves an initial payment of £7.0 million,...
Petro Matad Begins Oil Production from Heron-1 Well in Eastern Mongolia
October 25, 2024 06:55 PM AEDT| By Team Kalkine MediaHighlights,Heron-1 Well Production:,Petro Matad has started oil production from its Heron-1 well, part of Block XX in eastern Mongolia.,Commissioning and First Transportation:,The beam pump was successfully initiated, and the first load of produced f...
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