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Oil gas
Oil Prices Climb Amid Falling U.S. Inventories and Cold Weather Boosting Demand
January 10, 2025 12:32 PM AEDT| By Team Kalkine MediaHighlights,Oil prices continue to rise despite concerns about China's economic weakness.,U.S. crude stockpiles at the Cushing hub have hit their lowest point in,nearly a,decade.,Political and weather factors are contributing to increased demand for o...
Oil Market Calms Amid Supply Tightening Signals
January 09, 2025 11:29 AM AEDT| By Team Kalkine MediaHighlights,Oil prices steadied amid market volatility.,WTI crude remained above $73 per barrel, while Brent held near $76 per barrel.,Declining crude inventories at key US storage hubs signal tightening supply.,Oil prices stabilized after a highly fl...
Oil Prices Climb Amid Shrinking U.S. Crude Inventories
January 08, 2025 11:29 AM AEDT| By Team Kalkine MediaHighlights,Oil prices,rise,for a second consecutive day.,U.S. inventories record a potential seven-week decline.,West Texas Intermediate nears $75 per barrel.,Oil prices continued their upward trajectory for the second day, fueled by reports of decli...
Could Omega Oil and Gas Unlock Vast Gas Resources in Queensland’s Taroom Trough?
January 08, 2025 11:00 AM AEDT| By Team Kalkine MediaHighlights:,Omega Oil and Gas confirms high overpressure and favorable reservoir properties in Canyon-1H well.,Final preparations underway for fracture stimulation and flowback program, scheduled for February.,Success in Taroom Trough could help alle...
Oil Market Faces a Setback as Technical Indicators Signal Overbought Conditions
January 07, 2025 12:18 PM AEDT| By Team Kalkine MediaHighlights,Oil prices face stabilization after a rally.,Technical indicators suggest a potential market overreaction.,Crude oil's upward momentum may struggle due to demand concerns and production shifts.,The oil market experienced a moment of stabil...
Santos Fined $10k Over 2022 Oil Spill at Varanus Island Facility
January 07, 2025 12:17 PM AEDT| By Team Kalkine MediaHighlights,Santos Fined:,Energy giant Santos has been penalized $10,000 for failing to prevent a 25,000-litre oil spill off Western Australia's northwest coast in 2022.,Incident Details:,The spill, caused by a ruptured seabed pipeline, led to environ...
ASX Energy Stocks Rise as Oil Prices Hit Highest Levels Since October 2024
January 06, 2025 01:09 PM AEDT| By Team Kalkine MediaHighlights,Energy Stock Gains: Shares of Australian energy stocks in the AXEJ sub-index rose by as much as 1%, reaching their highest levels since 23 October 2024.,Oil Price Surge: Oil prices remained near their highest levels since October, driven b...
Oil Prices Steady Near Two-Month High Amid Market Optimism
January 06, 2025 11:45 AM AEDT| By Team Kalkine MediaHighlights,Brent crude traded near $US77 a barrel, marking its highest levels in over two months.,West Texas Intermediate (WTI) hovered around $US74, supported by a positive sentiment in broader markets.,Asian equities,anticipated,gains after Wall St...
Are ASX Energy Companies Set to Address Australia's Gas Supply Challenges?
January 06, 2025 11:00 AM AEDT| By Team Kalkine MediaHighlights:,Australia faces ongoing natural gas supply challenges, with concerns extending into the near future.,ASX-listed companies are expanding production capabilities to meet increasing energy demand.,Key updates include Omega Oil & Gas's tests...
Red Sky Energy Faces Mixed Reactions to Angola Oil Venture
January 03, 2025 04:31 PM AEDT| By Team Kalkine MediaHighlights,Strategic Angola Deal:,Red Sky Energy (ASX:ROG) secures a 35% stake in Angola’s offshore Block 6/24 in the Kwanza Basin, alongside Sonangol (50%) and Acrep (15%).,Investor Concerns:,Despite the milestone, Red Sky’s market value dropped by...
Invictus Energy Completes Second Tranche of US$10 Million Institutional Placement
December 31, 2024 12:28 PM AEDT| By Team Kalkine MediaHighlights,Invictus Energy completes second tranche of US$10 million institutional placement, raising US$3.5 million.,The company accepts oversubscriptions totaling US$2 million, increasing the total funds raised.,Invictus now offers a secondary list...
Why shares of Australian Oil Company jumped 25% on Monday?
December 30, 2024 01:30 PM AEDT| By Team Kalkine MediaHighlights,Australian Oil received a A$300,000 payment from Blue Sky Resources under the revised Omnibus Settlement Agreement.,The company is set to acquire a pipeline from Pacific Gas and Electric Company, with expected connections to its Rec Board...
Pilot Energy Announces Significant Increase in Cliff Head Carbon Storage Resource
December 24, 2024 12:02 PM AEDT| By Team Kalkine MediaHighlights:,Resource Growth,: The contingent storage resource for the Cliff Head Carbon Storage Project has increased by 58%, from 45.6 million tonnes to 72.2 million tonnes (100% basis).,Enhanced Geological Models,: Refinements in geological and dyn...
ReNu Energy Sells Legacy Geothermal Assets to Hydro Lit in $700,000 Deal
December 24, 2024 11:44 AM AEDT| By Team Kalkine MediaHighlights,Asset Overview:,The deal includes legacy geothermal data, samples, and Geothermal Retention Licence 3 (GRL 3) in South Australia’s Cooper Basin, subject to regulatory approval.,Lithium Opportunity:,Hydro Lit aims to leverage the assets for...
Paladin Energy Completes Acquisition of Fission Uranium, Strengthens Global Uranium Portfolio
December 24, 2024 11:18 AM AEDT| By Team Kalkine MediaHighlights,Acquisition Completed:,Paladin acquires 100% of Fission Uranium, strengthening its uranium portfolio.,PLS Project Focus:,Paladin plans to optimize Fission's Patterson Lake South project feasibility study.,Leadership Transition:,Fission’s C...
Whitebark Energy to Acquire King Energy in Strategic Takeover Deal
December 20, 2024 02:15 PM AEDT| By Team Kalkine MediaHighlights,Major Acquisition:,Whitebark Energy signs a Bid Implementation Agreement to acquire King Energy.,Access to Valuable Resources:,King Energy owns 70% of the Alinya Project, hosting significant prospective resources of hydrogen, helium, and h...
Diatreme Partners with Mitsui in Solar Boom Opportunity
December 11, 2024 05:02 PM AEDT| By Team Kalkine MediaHighlights,Diatreme Resources signs a non-binding Memorandum of Understanding (MOU) with Mitsui for potential silica supply.,Mitsui shows interest in Diatreme’s Queensland silica sands projects as solar panel manufacturing accelerates.,The collaborat...
Can Santos Ltd (ASX: STO) Bounce Back in FY25 After a Tough 2024?
December 06, 2024 01:55 PM AEDT| By Team Kalkine MediaHighlights,Santos shares down 12% in 2024 amid strong equity market growth,Analysts expect 10% earnings growth and a 34% potential return in FY25,Pikka and Barossa LNG projects could drive free cash flow growth,Santos Ltd (ASX:STO), an Australian oil...
Woodside Energy Secures EPC Contract for Louisiana LNG Project, Eyes Final Investment Decision in Q1 2025
December 05, 2024 03:49 PM AEDT| By Team Kalkine MediaHighlights,Project Scope,: The contract covers the foundation development for three production trains, with a total capacity of 16.5 million tons per annum (MTPA).,Investment Timeline,: Woodside aims to make its final investment decision (FID) by Q1...
Woodside (ASX: WDS) Shows Resilience, Ending November with Positive Performance Amid Challenges
December 02, 2024 03:47 PM AEDT| By Team Kalkine MediaHighlights:,After a tough October, Woodside’s share price rose 3.1% in November, outperforming its previous performance and showing resilience.,Despite global oil prices remaining steady, Woodside faced challenges in 2024, with oil prices starting th...
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