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Oil gas
Oil Prices Dip as Markets React to Middle East Tensions
October 28, 2024 11:38 AM AEDT| By Team Kalkine MediaHighlights,Oil prices saw a steep drop after weekend developments in the Middle East.,Brent crude and West Texas Intermediate (WTI) prices fell significantly.,Tensions influenced energy markets, adding volatility concerns.,Global oil prices saw a mar...
Viva Energy Reports Sales Growth in 3QFY24 Amid Challenging Market Conditions
October 22, 2024 02:59 PM AEDT| By Team Kalkine MediaKey Points,Viva Energy announced a 3.0% year-on-year increase in total group sales volumes, reaching 4.2 billion litres for the third quarter of 2024.,The company forecasts Convenience & Mobility (C&M) EBITDA (RC) for FY2024 to range between $230 mil...
Melbana Energy Shares Surge Over 10% on Strong Q3 2024 Update, Meets Multiple Milestones
October 18, 2024 04:56 PM AEDT| By Team Kalkine MediaHighlights,Unit 1B development approved, first oil export planned by end of 2024.,New exploration permit granted in WA, seismic data interpretation ongoing.,The company held AU$9.6 million in cash, new Company Secretary appointed.,Shares jumped over...
Oil Faces Largest Weekly Loss Amid Supply and Demand Concerns
October 18, 2024 01:38 PM AEDT| By Team Kalkine MediaHighlights,Oil prices on track for largest weekly drop in over a month.,US oil inventories decreased, but production hit record levels.,Brent and WTI show significant weekly declines due to demand outlook adjustments.,Crude oil prices experienced a m...
Beach Energy Shares Surge After Strong Q1 Production and Revenue Report
October 18, 2024 11:24 AM AEDT| By Team Kalkine MediaHighlights:,Beach Energy reported a 10% quarter-on-quarter increase in production, reaching 5.2 MMboe, driven by key project completions and operational improvements.,Revenue remained stable at $427 million, meeting market expectations, while cost re...
Oil Prices Rise Amid Global Supply Concerns and Middle East Tensions
October 17, 2024 01:15 PM AEDT| By Team Kalkine MediaHighlights,Oil prices rose after recent declines amid global supply concerns.,Tensions in the Middle East impact production risks and market stability.,Reports of declining U.S. crude stockpiles and China's demand are being closely,monitored,.,Oil pr...
Oil Prices Steady Amid Geopolitical Concerns and Supply Outlook
October 17, 2024 11:43 AM AEDT| By Team Kalkine MediaHighlights:,Oil prices stabilize after recent fluctuations driven by geopolitical tensions.,Traders,monitor,potential risks in the Middle East and US stockpiles.,Supply outlook for next year adds uncertainty to the market.,Oil prices steadied followi...
Peninsula Energy Progresses Towards Uranium Production Restart at Lance Project, Wyoming
October 16, 2024 05:39 PM AEDT| By Team Kalkine MediaHighlights,Peninsula Energy has completed essential construction tasks at its Lance Project, including concrete work, installation of structural steel, roofing, and vital equipment like ion-exchange vessels and elution tanks.,Significant progress has...
Woodside Records Significant Growth in Third Quarter 2024, Eyes Major Future Projects
October 16, 2024 05:17 PM AEDT| By Team Kalkine MediaKey Points:,Woodside achieved record quarterly production of 53.1 MMboe, with a 21% increase in revenue, driven by Sangomar oil production and higher LNG prices.,The Scarborough LNG project is 73% complete, and the Clean Ammonia Project acquisition i...
Australian Energy Sub-Index Hits Lowest Level Since October Amid Falling Oil Prices
October 15, 2024 04:38 PM AEDT| By Team Kalkine MediaKey Points,The Australian energy sub-index fell 1.1%, hitting its lowest level since October 1, amid a 2% drop in oil prices and OPEC's lowered demand growth outlook.,Shares of Woodside Energy and Santos dropped as much as 1.5%, while Ampol retreated...
Santos Shares Decline to Lowest Level Since October Amid Analyst Downgrade
October 15, 2024 04:35 PM AEDT| By Team Kalkine MediaKey Points,Santos shares fell 1.5% to AU$7.07 following a downgrade by Macquarie.,Macquarie lowered its price target for Santos to AU$8.65 and reduced earnings estimates by 6%, 4%, and 6% for FY24-26.,Analysts expect Santos’s Q3 production to drop to...
Cooper Energy Achieves Record Production and Revenue in First Quarter FY25
October 15, 2024 04:01 PM AEDT| By Team Kalkine MediaKey Points:,Cooper Energy achieved record production of 6.85 PJe and revenue of $65.8 million in Q1 FY25.,The Orbost Gas Processing Plant (OGPP) delivered record production rates, reaching 66.2 TJ/d in September.,The company recorded its highest-ever...
Oil Prices Decline Amid Reports Israel Won’t Target Iranian Crude Infrastructure
October 15, 2024 02:32 PM AEDT| By Team Kalkine MediaHighlights,Oil prices fell after reports of Israel’s decision to avoid targeting Iran’s crude infrastructure.,Brent crude futures dropped near 3%, while WTI also slid below $72.,Reduced supply concerns follow Israel’s focus on military targets over o...
Vintage Energy to Acquire Galilee Energy in Strategic Merger to Boost Onshore Gas and Oil Portfolio
October 15, 2024 12:26 PM AEDT| By Team Kalkine MediaKey Points:,Vintage will acquire all of Galilee’s shares in a 2-for-1 share exchange under a scheme of arrangement.,The merged entity will create a diversified portfolio of gas and oil assets across eastern Australia.,Galilee’s board recommends the S...
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Ampol Faces Refining Challenges in Q3 2024 Amidst Weaker Margins, But Retail and International Sectors Hold Steady
October 15, 2024 12:17 PM AEDT| By Team Kalkine MediaKey Points:,Lytton Refiner Margin dropped to US$1.48 per barrel due to planned maintenance and weaker global margins.,Ampol's Convenience Retail and international business segments remained steady, supporting overall performance.,Ampol has committed...
Oil Prices Decline After China’s Finance Briefing
October 14, 2024 12:34 PM AEDT| By Team Kalkine MediaHighlights,Oil prices dip after China’s briefing,fails to,offer new stimulus.,Middle East tensions continue to,impact,global oil supply.,Brent crude and West Texas Intermediate show declines.,Oil prices fell as China’s much-anticipated Finance Minist...
Oil Prices Surge as Middle East Tensions Escalate
October 11, 2024 12:48 PM AEDT| By Team Kalkine MediaHighlights,Oil prices increased by over 3%, approaching $76 per barrel.,Geopolitical tensions in the Middle East create uncertainty in the oil market.,Traders,remain,cautious as the situation evolves.,Oil prices experienced a sharp increase on Thursd...
EWC Sells 51% Stake in Sengkang Gas Project to PT EMP Energi Jaya for US$35 Million
October 11, 2024 11:33 AM AEDT| By Team Kalkine MediaKey Points:,EWC is selling its 51% interest in the Sengkang PSC to PT EMP Energi Jaya for US$35 million, transferring control of significant gas assets.,Jaya will assume all liabilities related to the operations of EEES, including tax, environmental,...
Kinetiko Energy's Commitment to Reliable, Cleaner Energy for South Africa
October 11, 2024 10:40 AM AEDT| By Team Kalkine MediaHeadlines,Kinetiko Energy enhances South Africa's energy security with innovative gas projects,Significant drilling milestones achieved, boosting confidence in gas reserves,Pioneering partnerships position Kinetiko as a leader in the energy transitio...
AMPYR Distributed Energy Acquires 100% Equity in Narromine Renewable Energy Project
October 10, 2024 07:16 PM AEDT| By Team Kalkine MediaKey Points:,AMPYR Distributed Energy will acquire 100% equity in the Narromine Renewable Energy Project through the conversion of a $10 million funding facility into project equity.,The project, a 6.7MWdc solar farm in central-west New South Wales, h...
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