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Energy
Strike Energy (ASX:STX) Navigates Financial Strain Amid Balance Sheet Pressures
October 01, 2024 09:48 AM AEST| By Team Kalkine MediaHighlights,Strike Energy has AU$17.1 million in net cash as of June 2024,.,The company improved its EBIT to AU$2.5 million from a loss last year,.,Strike Energy’s liabilities are manageable given its cash position and market cap.,Legendary fund manag...
Buru Energy Ltd (ASX:BRU) Secures New Funding to Propel Strategic Initiatives Forward
September 30, 2024 05:02 PM AEST| By Team Kalkine MediaHighlights,Buru Energy Ltd ends agreements with Sabre Energy and secures new funding.,The company will drill the Rafael Shallow 1 well, focusing on the Rafael Gas Project.,A $6.7 million share placement supports development and restarts oil productio...
Triangle Energy Joint Venture Moves Ahead with North Perth Basin Drilling Plans
September 30, 2024 02:49 PM AEST| By Team Kalkine MediaHighlights,Triangle Energy's joint venture secures environmental plan approval.,The Becos-1 well targets oil reservoirs with up to 5 million barrels.,Drilling is expected to begin once rig tenders are finalized.,The joint venture between Triangle Ene...
AGL Energy Secures Long-Term Power Contract with Portland Smelter
September 30, 2024 10:52 AM AEST| By Team Kalkine MediaHighlights:,AGL Energy Limited (,ASX,:AGL,) has secured a new 287 MW electricity supply contract with a Portland smelter, set to begin in mid-2026, extending until 2035.,The contract includes an option to replace up to 30 percent of the contracted el...
Is Peninsula Energy's (ASX:PEN) Cash Burn a Concern?
September 30, 2024 09:59 AM AEST| By Team Kalkine MediaHighlights,Peninsula Energy has a cash runway of about 3.5 years based on its current cash reserves.,The company’s cash burn increased by 285%, with operating revenue down 71%.,Analysts expect Peninsula Energy to break even before its cash runway end...
Worley (ASX:WOR) Delivers Impressive 66% Returns for Investors Over Three Years
September 30, 2024 09:59 AM AEST| By Team Kalkine MediaHighlights,Worley Limited has delivered a 66% return to investors over the past three years,.,The company achieved a remarkable 54% annual growth in earnings per share (EPS),.,Total shareholder return (TSR) for Worley stands at 66%, primarily driven...
Oil Market Dynamics Amid OPEC+ Supply Adjustments
September 27, 2024 12:30 PM AEST| By Team Kalkine MediaThe global oil market is once again in the spotlight as the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, commonly referred to as OPEC+, prepare to adjust oil production levels in December. This move comes as the group addr...
ADX Energy Advances Hydrocarbon Exploration with Promising Prospects in Austria
September 27, 2024 12:02 PM AEST| By Team Kalkine MediaHighlights,ADX Energy is set to test two major reservoirs to assess hydrocarbon characteristics and productivity.,Preliminary findings suggest the Welchau-1 well may yield valuable light oil in commercial quantities.,The development cycle for oil is...
Western Australia's Domestic Gas Policy Faces Transformative Changes
September 27, 2024 11:28 AM AEST| By Team Kalkine MediaHighlights,The WA government,modifies,its Domestic Gas Policy, allowing onshore gas exports to stimulate market development.,Companies like Beach Energy, Strike Energy, and Triangle Energy stand to,benefit,from the new regulations.,The policy change...
Focus Shifts to Taroom Trough as Gas Supply Crisis Deepens
September 25, 2024 01:05 PM AEST| By Team Kalkine MediaHighlights,Taroom,Trough,emerges,as a solution for the east coast gas crisis, drawing interest from Shell and Omega Oil & Gas (,ASX:OMA,).,Omega Oil & Gas is appraising flow potential through a horizontal drill well in the promising,Taroom,Trough.,Re...
Investor Discontent with Woodside Energy (ASX:WDS) Amid Strategic Concerns
September 25, 2024 10:23 AM AEST| By Team Kalkine MediaWoodside Energy (ASX:WDS), one of Australia’s leading oil and gas producers, has recently encountered dissatisfaction among investors, with some opting to exit their positions. This unrest stems from concerns about the company’s recent strategic deci...
Worley Secures Five-Year Agreement for Service Provision in Oman
September 23, 2024 06:53 PM AEST| By Team Kalkine MediaWorley Ltd,(ASX:WOR),has announced securing a five-year agreement to provide services for Petroleum Development Oman (PDO) in the northern concession areas of Oman. This agreement, awarded by Gulf Petrochemical Services & Trading LLC, will involve su...
Omega Oil and Gas Begins Horizontal Drilling at Canyon-1 Well
September 23, 2024 12:00 AM AEST| By Team Kalkine MediaOmega Oil and Gas Ltd (ASX: OMA) has commenced a significant drilling operation at its Canyon-1 well, located approximately 140 kilometers southeast of the Wallumbilla gas hub near Brisbane. This project marks a major step in testing gas flow potenti...
Provaris Energy Proposes Acquisition of Prototype Hydrogen Tank Production Cells
September 20, 2024 06:45 PM AEST| By Team Kalkine MediaProvaris Energy Ltd,(ASX:PV1),continues to advance its prototype hydrogen tank restart program at the Fiskå Facility in Norway. The company has recently submitted a proposal to acquire the installed prototype tank production cell. This initiative ref...
Asia Powers Global Expansion with Growing Demand for Gas
September 20, 2024 03:12 PM AEST| By Team Kalkine MediaAccording to the International Energy Agency's Q3 2024 gas report, the Asian region accounted for 60% of the 3% year-on-year increase in global gas demand during the first half of 2024. This surge is primarily driven by growing demand in China and In...
88 Energy (ASX:88E) Upgrades Project Phoenix Resources by 50%
September 19, 2024 11:08 AM AEST| By Team Kalkine Media88 Energy Ltd (ASX:88E) has announced a substantial upgrade to the contingent resources at Project Phoenix, located in Alaska. The revised estimate reveals approximately 378 million barrels of gross 2C contingent resources, representing a significant...
Elixir Highlights Opportunities in Queensland’s Taroom Trough
September 18, 2024 04:55 PM AEST| By Team Kalkine MediaElixir Energy Ltd,(ASX: EXR),is positioning itself as a potential solution to the energy crisis affecting Australia’s east coast. At the RIU Essential Energy conference, Managing Director Neil Young highlighted how the,ASX energy stock’s,activities i...
Provaris Energy (ASX:PV1) Positioned for Advantage After Australia-Germany $660M Renewable Hydrogen Initiative
September 18, 2024 04:46 PM AEST| By Team Kalkine MediaAustralia and Germany have strengthened their collaboration on the development of green hydrogen supply chains, committing substantial funding through the H2Global initiative, which secures European buyers for Australia's renewable hydrogen producers...
88 Energy’s 'Significant Update' at Phoenix Fuels Capital Raising Speculation
September 18, 2024 02:11 PM AEST| By Team Kalkine Media88 Energy Ltd,(ASX: 88E),has recently announced a substantial update on the contingent resources for its Project Phoenix, revealing a notable increase in estimated resources. Despite the promising news, some market participants remain skeptical.,Reso...
ADX Energy Ltd (ASX: ADX) Advances Oil Production with Anshof-2A Well
September 17, 2024 05:58 PM AEST| By Team Kalkine MediaADX Energy Ltd,(ASX: ADX),has achieved a significant milestone with the Anshof-2A well, marking a key development in the company's oil production efforts. This well, encountered updip from the water-wet Anshof-2 well and slightly down dip from the An...
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