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Energy
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Capricorn Energy Achieves $50m Milestone, Plans Return to Shareholders
October 04, 2024 08:53 PM AEST| By Team Kalkine MediaHighlights:,Capricorn reaches $50m payment milestone,: This is based on oil price thresholds from its 2020 deal with Woodside Energy.,Shareholder returns planned,: Capricorn plans to distribute proceeds to shareholders, pending tax obligations in Sen...
Prospex Energy Expands into Poland, Eyes Onshore Gas Exploration Opportunities
October 04, 2024 08:53 PM AEST| By Team Kalkine MediaHighlights:,Prospex expands into Poland,: PXEN Tatra secures pre-qualification to apply for onshore hydrocarbon licences.,Targeted onshore gas reserves,: Focus on high-potential areas with proven gas production and untapped reserves.,Licence applicat...
Government's £22bn Support for Carbon Capture Sector Solidified
October 04, 2024 04:47 PM AEST| By Team Kalkine MediaHighlights:,Government Support,: The UK government is allocating nearly £22 billion to enhance the carbon capture and storage sector, focusing on key industrial clusters.,Job Creation,: The initiative is projected to generate approximately 4,000 jobs...
EnergyPathways Secures £5.1 Million Loan to Develop Marram Energy Storage Hub
October 04, 2024 02:15 AM AEST| By Team Kalkine MediaHighlights:,EnergyPathways secures £5.1M loan: The company secured funding from GGAF to advance its Marram Energy Storage Hub project.,Focus on decarbonized energy storage: MESH aims to create a clean energy storage system using natural gas and green...
UK Government to Invest £22 Billion in Carbon Capture and Storage Projects
October 04, 2024 01:41 AM AEST| By Team Kalkine MediaHighlights:,The UK government will invest £22 billion in carbon capture projects to cut industrial emissions.,Major energy companies like BP and Equinor are involved in two key CCS clusters: HyNet and the East Coast Cluster.,Environmentalists warn th...
Crude Oil Remains Close to $75 a Barrel Amid Scrutiny of Middle East Escalation
October 03, 2024 08:19 PM AEST| By Team Kalkine MediaHighlights,Oil prices remain elevated amid ongoing tensions in the Middle East, particularly following recent military actions involving Iran and Israel.,Analysts observe that while Brent crude has experienced significant short-term gains, sustaining...
Empyrean Energy's Countdown to Jade Well Progress Observed
October 01, 2024 06:25 PM AEST| By Team Kalkine MediaHighlights,Empyrean Energy PLC is focusing on three key assets: Block 29/11 offshore China, the Duyung PSC offshore Indonesia, and interests in the Sacramento Basin, California.,The company is awaiting the conclusion of the sell-down at the Mako gas...
Improved Financial Performance and North Macedonia Acquisition by Hydrogen Utopia
October 01, 2024 02:21 AM AEST| By Team Kalkine MediaHighlights:,Hydrogen Utopia reduced its operating loss to £504,000 for H1 2024, down from £867,000 in 2023.,The company completed the acquisition of a medicinal cannabis facility in North Macedonia, managed by its subsidiary Ohrid Organics.,As of 30...
Challenger Energy Calls H1 2024 'Transformational' with Chevron Deal Progress
October 01, 2024 01:54 AM AEST| By Team Kalkine MediaHighlights:,Challenger Energy progresses its transformative farm-out deal with Chevron for the OFF-1 licence.,The company reports stable production from its core assets in Trinidad and Tobago during the first half of 2024.,Future plans include market...
Tower Resources Optimistic Ahead of NJOM Farm-Out Deal Early 2025 Spud
September 30, 2024 09:35 PM AEST| By Team Kalkine MediaHighlights,Tower Resources PLC is nearing a funding deal to facilitate the drilling of the NJOM-3 well in Cameroon, with discussions ongoing with a substantial upstream partner.,The company has received multiple proposals, with one expected to fully...
Touchstone Exploration Prepares New Cascadura Wells for Production Following Promising Initial Tests
September 30, 2024 08:12 PM AEST| By Team Kalkine MediaHighlights,Touchstone Exploration Inc. reports promising initial results from new wells at the Cascadura field in Trinidad and Tobago.,Significant gas presence recorded, with wellhead pressures reaching up to 3,600 psi; gas production expected to com...
Chariot Limited Enhances Portfolio with Renewables Focus
September 27, 2024 05:49 PM AEST| By Team Kalkine MediaHighlights,Diverse Business Streams,: Chariot Ltd operates in three key areas: Transitional Gas, Transitional Power, and Green Hydrogen, focusing on sustainable energy solutions across Africa.,Challenges at Anchois,: Recent well results from the Anch...
Zephyr Energy Reports Strong Interim Results for H1 2024, Fueled by Williston Basin Production
September 27, 2024 05:01 PM AEST| By Team Kalkine MediaHighlights,Focus on Paradox Basin,: Zephyr Energy PLC has dedicated significant resources to its Paradox Basin project in Utah, particularly in drilling and testing the State 36-2R LN-CC well.,Strong Financial Performance,: The company reported reven...
Transformed Zephyr Energy Maintains Growth Through Production Leadership
September 27, 2024 04:57 PM AEST| By Team Kalkine MediaHighlights,Operational Progress,: Zephyr Energy PLC has reported successful well testing results at the Paradox project, achieving peak production rates exceeding 2,100 barrels of oil equivalent per day.,Strong Financial Performance,: The company gen...
Gran Tierra to Expand Operations Through Acquisition of i3 Energy
September 27, 2024 04:28 PM AEST| By Team Kalkine MediaHighlights,Strategic Acquisition,: Gran Tierra Energy Inc. has announced a significant acquisition of i3 Energy, aimed at diversifying its production portfolio.,Enhanced Portfolio,: The transaction will introduce a balance of oil, natural gas, and na...
Zephyr Energy Reports Positive Interim Results and Operational Progress
September 27, 2024 12:38 AM AEST| By Team Kalkine MediaHighlights:,Peak Production Milestone,: Zephyr’s State 36-2R well at Paradox achieved peak production rates of over 2,100 barrels of oil equivalent per day.,Financial Stability,: Williston Basin assets provide strong cash flows, covering costs and su...
Pennon Group Allocates £16 Million for Water Quality Issue in Brixham
September 26, 2024 09:48 PM AEST| By Team Kalkine MediaHighlights:,Pennon Sets Aside £16 Million,: The fund will cover compensation, bottled water provision, and corrective measures in response to the cryptosporidium contamination.,Extensive Repair Measures,: Pennon flushed the network 27 times, replaced...
BP and Shell on Edge Over Uncertain Fuel Price Projections
September 26, 2024 08:41 PM AEST| By Team Kalkine MediaSummary:,BP (LSE: BP) and Shell (LSE: SHEL) shares decline as Brent crude forecasts are cut and fuel prices drop.,Rabobank revised its Brent crude estimate for 2024 to $71 per barrel, citing weak demand and oversupply.,UK petrol prices hit a three-ye...
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EQTEC (LSE:EQT) records tenfold increase in revenue in 1HFY24. What are further plans?
September 26, 2024 04:31 PM AEST| By Team Kalkine MediaEQTEC plc (LSE:EQT), a global leader in waste-to-energy technology, has announced its unaudited interim results for the six months ending June 30, 2024. The company, which focuses on transforming waste into hydrogen, biofuels, and energy, reported si...
Union Jack Oil and Reabold Anticipate West Newton Project Approval
September 25, 2024 12:11 AM AEST| By Team Kalkine MediaUnion Jack Oil PLC (LSE:UJO) and Reabold Resources PLC (LSE:RBD) are awaiting approval from the Environment Agency for their proposed work programme at the West Newton gas development project in Yorkshire. This step is essential for moving forward wi...
AI on the Rise: A Look at Top AI Companies and Their Stocks