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Oil gas
Tullow Oil Shares Remain Bearish on Sluggish Demand Post-Lockdown
October 01, 2020 01:50 PM BST| By Team Kalkine MediaSummary The poor stock performance of Tullow Oil Plc has come despite strong revenue performance reported by the company in the first half of 2020. The major reason that has been responsible for the poor stock performance during the year is the.....
Investors Unhappy With BP’s Net Zero Target: Stock Sinks To 25-Year Low
September 30, 2020 01:11 PM BST| By Hina ChowdharySummary The shares of the company touched their lowest value on 29 September 2020 since October 1995 The dip has been caused by the company’s Net Zero transition plan, which was recently presented by CEO Bernard Looney. The British oil m.....
Top Firms Urge Governments To Support Their Efforts On Green Operations
September 22, 2020 09:03 PM BST| By Team Kalkine MediaSummary Around 560 leading global companies have requested the governments to act on reversing the fast destruction of nature and fight against climate change. Many companies said that the policy measures by the governments would strengthen the.....
Airbus and Shell Step Up Efforts On Their Go-Green Strategy
September 22, 2020 02:11 PM BST| By Team Kalkine MediaSummary Airbus unveiled three types of aircraft designs under its ZEROe strategy: turbofan, conventional turboprop, and a futuristic blended body. British oil and gas major Royal Dutch shell has announced that it is looking at cutting up to 40 .....
US stockpiles Dry up, a big boost for oil prices. Is oil headed higher from here?
September 18, 2020 08:57 AM BST| By Team Kalkine MediaU.S. crude oil stockpiles are declining as imports from Saudi Arabia are declining and exports rising. The exports have increased by 1.2 million barrels per day, with China being the major consumer. China has imported nearly 1 million barrels per d.....
Oil Demand Outlook Stays Weak: Focus On BP, RDSA, And TLW
September 15, 2020 02:11 PM BST| By Kunal SawhneySummary The country’s continental shelf contains a large amount of recoverable petroleum reserves BP predicts the global oil consumption to drop by 50 per cent by 2050 Focus on the stocks of BP, RDSA, And TLW A new report from the O.....
BP Plc Marks Debut to Offshore Wind Market in A Strategic Partnership with Equinor
September 11, 2020 05:20 AM BST| By Hina ChowdharyBP Plc (LON: BP.) has entered the offshore wind market through a strategic partnership with the Norwegian state oil company, Equinor, to develop offshore wind projects in the United States (US). Apart from the strategic partnership, the energy comp.....
Two Energy Stocks Trending on LSE – Egdon Resources PLC & Petroneft Resources PLC
August 26, 2020 02:30 PM BST| By Hina ChowdharySummary Egdon Resources completed the farm-in agreement with Shell UK for Resolution and Endeavour gas discoveries. Egdon Resources would retain 30 percent interest in the Resolution and Endeavour gas discoveries. Egdon Resources announced the.....
Major Institutional Investor Dumps Biggest Fossil Fuel Stocks for Lobbying Against Climate Action
August 25, 2020 02:40 PM BST| By Hina ChowdharySummary Storebrand, Norway based financial services firm has reportedly dumped stocks of fossil fuel players The world is looking towards a greener recovery while the economies have opened with enhanced safety measures in place BP Plc has met .....
Operational Review of Two AIM Listed Resource Stocks – Hurricane Energy & Cadence Minerals
August 22, 2020 02:00 PM BST| By Kunal SawhneySummary Hurricane Energy appointed Antony Maris as the new CEO of the Company. Hurricane Energy produced 17,000 bopd of oil from two wells in Lancaster field. Hurricane Energy has put Aoka Mizu FPSO on maintenance. Cadence Minerals raised &po.....
Quick Insights on Two Energy Stocks – Nostrum Oil & Gas & Petrotal Corporation
August 19, 2020 02:40 PM BST| By Kunal SawhneySummary Nostrum Oil & Gas reported revenue of USD 92.6 million in H1 FY2020. Nostrum Oil & Gas sold 22,624 boepd of products in H1 FY2020. Nostrum Oil & Gas has paused all the drilling activities. Petrotal's Bretana oil field was .....
How is the needle moving on two AIM listed stocks – Deltic Energy & Clontarf Energy?
August 12, 2020 02:40 PM BST| By Hina ChowdharySummary Deltic Energy announced an enhanced prospect of resource estimate at Selene project. Cluff Natural Resources PLC’s name changed to Deltic Energy PLC in June 2020. Clontarf Energy plans to start work at Tano 2A in Ghana after.....
BP's plan for zero carbon emission by 2050, will other companies follow the suite?
August 06, 2020 11:14 AM BST| By Team Kalkine MediaSummary Oil majors BP & RDSA have vowed to reduce carbon footprint by 2050 Supermarket operators SBRY & TSCO are likely to become carbon neutral in the next few decades There are some sectors where reducing carbon footprint still seems.....
Recent Business Updates Unveiled by 2 FTSE-100 Stocks: Royal Dutch Shell PLC & BAE Systems PLC
July 30, 2020 02:30 PM BST| By Team Kalkine MediaSummary The FTSE-100 index was down by about 2.96 percent against the previous day close, and trading at 5,949.81 (as on 30 July 2020 before the market close at 2:20 PM GMT+1). The UK car production declined by 40 percent year on year for the f.....
Tracking Developments of Two FTSE Listed Stocks: Pantheon Resources & Rockfire Resources
July 24, 2020 02:20 PM BST| By Team Kalkine MediaSummary In June 2020, the retail sales in the UK increased by 13.9 percent month on month as reported by the Office for National Statistics. However, the sales were down by 1.6 percent year on year in June 2020. The UK’s PMI index increas.....
Quick Glance at Two AIM Listed Players: Egdon Resources PLC & Empire Metals Limited
July 24, 2020 05:30 AM BST| By Kunal SawhneyGiven the above-market conditions, we would review two stocks - Egdon Resources PLC (LON: EDR) & Empire Metals Limited (LON: EEE). Egdon Resources is an energy stock, whereas Empire Metals is a basic materials stock. EDR and EEE were up by abou.....
Performance Review of 2 FTSE Listed Resource Players: Independent Oil & Gas & Jangada Mines
July 10, 2020 01:45 PM BST| By Team Kalkine MediaSummary As per the industry experts, the British economy is expected to shrink by close to 10.1 percent in 2020. Growth of about 7.1 percent is expected next year. The Brent crude oil was trading at USD 42.98 per barrel up by 1.46 percent (as o.....
Gauging the Operational Performance of 2 Energy Stocks: Nostra Terra Oil and Gas Company & Touchstone Exploration
June 16, 2020 02:20 PM BST| By Team Kalkine MediaThe Fed’s buyback decision triggered the market as the FTSE-100 index increased by 3.56 per cent from the previous day close and was trading at 6,279.64. FTSE AIM All-Share index was trading at 879.49 and was up by 1.93 per cent (before the mar...
Quick Insights on Two Oil and Gas Producers: Empyrean Energy & Lansdowne Oil & Gas
June 10, 2020 02:00 PM BST| By Team Kalkine MediaThe oil prices topped three-months high last week; however, the weak demand and oversupply concern continues to trouble the market. Following were the major highlights of the oil-producing industry today (as on 10th June 2020, before the market close...
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Fossil Fuel Industry on the Brink of Collapse due to Coronavirus Crisis
June 06, 2020 11:00 PM BST| By Team Kalkine MediaCoronavirus pandemic has not only hammered the financial market but has also badly impacted the demand for nearly all forms of fossil fuels-oil, gas, and coal. As per the International Energy Agency (IEA), demand for fossil fuel is estimated to crash...
