Oil gas

Why Did Gulf Keystone Petroleum (LON:GKP) Move Past Its 200-Day Moving Average?
March 11, 2025 08:38 PM AEDT| By Team Kalkine MediaHighlights,Gulf Keystone Petroleum's stock price surpassed its 200-day moving average during recent trading sessions.,The company's stock traded at a higher range compared to its long-term average.,Market activity reflected increased trading volume a...

Why Did Petrel Resources (LON:PET) Experience a 6.4% Stock Price Decline?
March 10, 2025 09:21 PM AEDT| By Team Kalkine MediaHeadlines,Petrel Resources operates in the oil and gas exploration sector, focusing on identifying and developing hydrocarbon resources.,The company's stock recently experienced a significant decrease, with trading volumes surging compared to the ave...

Statkraft Releases 2024 Results Amid Challenging Power Price Environment
March 05, 2025 06:43 PM AEDT| By Team Kalkine MediaHighlights:,Robust 2024 Performance:,Strong operations and record energy management drive resilient results despite lower power prices.,Financial Metrics:,Net operating revenues at NOK 53.7 billion and underlying EBIT at NOK 26.5 billion.,Generation...

National Grid Sells US Onshore Renewables Business to Brookfield in $1.735 Billion Deal
February 24, 2025 07:33 PM AEDT| By Team Kalkine MediaHighlights,National Grid agrees to sell its US onshore renewables business to Brookfield Asset Management and partners.,The deal, valued at $1.735 billion, aligns with National Grid’s strategy to streamline its business.,Completion is expected in the...

Petrofac Finalizes Financial Restructuring Plan, Secures $355 Million in New Funding
February 24, 2025 07:30 PM AEDT| By Team Kalkine MediaHighlights,Court proceedings for restructuring to begin on 28 February 2025, with completion expected by 31 March 2025.,Petrofac secures $80 million cash collateral for a key contract performance bond, replacing earlier guarantee facilities.,Equity r...

UK Oil & Gas PLC (AIM: UKOG) Raises £400,431 for Hydrogen Storage Project Development
February 21, 2025 07:06 PM AEDT| By Team Kalkine MediaHighlights:,£400,431 raised through private placing at 0.0102 pence per share.,Proceeds will support South Dorset hydrogen storage project and HSBM Procurement bid.,Focus on green hydrogen generation, storage, and pipeline development for UK market.,...

Glencore Reports Lower 2024 Earnings Amid Weaker Energy Coal Prices
February 19, 2025 06:12 PM AEDT| By Team Kalkine MediaHighlights,$14.4 billion Adjusted EBITDA,, down,16%,, driven by,lower energy coal prices,.,Marketing Adjusted EBIT of $3.2 billion,, at the,top end,of long-term guidance despite,8% decline,.,Net income of $3.7 billion (pre-significant items),, but,re...

Corcel Raises £2.72 Million to Accelerate Growth in Angola and Brazil
February 18, 2025 06:35 PM AEDT| By Team Kalkine MediaHighlights:,£2.72 million raised at a 6.7% premium to the previous closing price.,Funds to boost operations in Angola and Brazil, focusing on growth initiatives and asset development.,Investors will receive warrants, with the potential for further ca...

Challenger Energy to Sell Trinidad and Tobago Operations for $6 Million
February 18, 2025 06:34 PM AEDT| By Team Kalkine MediaHighlights:,Challenger Energy sells its Trinidad and Tobago operations for $6 million, with potential to increase to $8 million based on production milestones.,The sale includes a full exit from the region, transferring all liabilities and assets.,Th...

Predator Oil & Gas Acquires Trinidad Operations from Challenger Energy to Boost Production and Synergies
February 18, 2025 06:30 PM AEDT| By Team Kalkine MediaHighlights:,Acquisition includes three producing fields: Goudron, Inniss Trinity, and Icacos, with current production of 272 barrels of oil per day (bopd).,The transaction facilitates potential synergies, including tax loss consolidation between CEG...

Europa Oil & Gas appoints major shareholder as new chairperson.
February 11, 2025 08:34 PM AEDT| By Team Kalkine MediaHighlights,Leadership Change Bo Krøll appointed as non-executive director and chairman of Europa Oil & Gas (AIM:EOG).,Growth Focus Krøll’s extensive experience enhances Europa’s strategy for expanding market presence.,Future Prospects Krøll’s commitm...

BP Delivers Positive Performance in 4Q24 with $1.75B Share Buyback Plan
February 11, 2025 06:14 PM AEDT| By Team Kalkine MediaHighlights,Robust Financial Performance:,$27.3B in operating cash flow and $38.0B in adjusted EBITDA for 2024.,Strategic Growth Initiatives:,Final Investment Decisions (FID) on 10 major projects, including the Tangguh UCC project in Indonesia and the...

Empyrean Energy Increases Stake in Wilson River-1 Well with £625K Fundraising
February 11, 2025 06:12 PM AEDT| By Team Kalkine MediaHighlights,Empyrean secures an additional 12.8% working interest,in the Wilson River-1 well, increasing its stake to 52.8%.,£625,000 raised through a share placing,of 500 million new ordinary shares at 0.125p per share.,Funds to support pre-drill exp...

Seascape Energy Advances Southeast Asia Expansion with Block 2A Deal and Growth Plans for 2025
February 06, 2025 07:01 PM AEDT| By Team Kalkine MediaHighlights,Block 2A Farm-Out Completion on Track:,Seascape to retain,10% interest,in,1.7 billion boe Kertang prospect,at,zero cost,after finalizing its deal with INPEX CORPORATION.,Strengthened Financial Position:,Expected,cash balance of $12 million...

Predator Oil & Gas Holdings Plc (LSE: PRD) Raises £2 Million Through Placing to Accelerate Drilling Activities
February 05, 2025 06:39 PM AEDT| By Team Kalkine MediaHighlights,50 million new ordinary shares issued to raise £2 million,Strategic investors commit to the company’s growth plans,Funds will support drilling operations in Morocco and Trinidad,Predator Oil & Gas Holdings Plc (LSE: PRD),, a Jersey-based o...

Is Falcon Oil & Gas (LON:FOG) Facing Market Challenges?
February 05, 2025 01:04 AM AEDT| By Team Kalkine MediaHighlights,Falcon Oil & Gas,(LON:FOG),experienced a decrease in its stock price, with a 5.7% drop on Tuesday.,The company focuses on unconventional oil and gas exploration across Australia, South Africa, and Hungary.,Trading volume saw a notable decl...

ITM Power Reports Significant Year-on-Year Progress in Interim Results
January 30, 2025 06:38 PM AEDT| By Team Kalkine MediaHighlights,Revenue Growth:,Revenue up 74% to £15.5 million for H1 2025.,Improved Cash Position:,Cash at £203.1 million, above previous FY guidance.,Record Backlog:,Order backlog reaches £135.3 million, a significant increase from £43.7 million two ye...
_01_16_2025_21_00_03_958938.jpg)
Capricorn Energy shares outlook ahead of 2024 results
January 28, 2025 06:08 PM AEDT| By Team Kalkine MediaHighlights,2024 Financial Performance:,Revenues of $143M; net cash of $23M after receiving $135M in Egypt payments.,Operational Progress:,Average FY2024 production of 23,739 boepd; exploration drilling to commence in Q1 2025.,Outlook:,Ongoing efforts...

Harbour Energy Unveils 2024 Results Following Transformational Wintershall Dea Acquisition, Shares 2025 Outlook
January 23, 2025 07:16 PM AEDT| By Team Kalkine MediaHighlights,Production Growth:,Output surged by 40% to 258 kboepd, with diversified contributions from liquids and gas.,Revenue and EBITDAX Surge:,Revenue reached $6.1 billion (+65%), and EBITDAX rose to $4.1 billion (+52%).,Strategic Expansion:,Acqui...

Savannah Energy Reports 36% Rise in Income in FY24, What Lies Ahead?
January 22, 2025 06:54 PM AEDT| By Team Kalkine MediaHighlights,Solid Revenue Growth:,Total income increased by 36% YoY to US$393.6 million, driven by a significant rise in other operating income.,Cash Flow and Debt Management:,Cash collections rose to US$248.5 million, while net debt increased to US$6...
AI on the Rise: A Look at Top AI Companies and Their Stocks