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Oil gas
Royal Dutch Shell Looks for Hydrogen Opportunities in Australia
March 26, 2021 02:09 AM AEDT| By AbhijeetSource: noomcpk, Shutterstock Summary To achieve net zero carbon emissions by 2050, Shell is scouring Australia for opportunities to develop its hydrogen business. Australia plans to become a hydrogen exporter by 2030. Shell has entered into...
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Aramco To Retain $75 Billion Dividend; 2 FTSE 250 Stocks With 10% Dividend Yield
March 22, 2021 11:15 PM AEDT| By AbhijeetSource: zhengzaishuru, Shutterstock Summary Saudi Arabia based oil giant Aramco has decided to retain its dividend pledge of $75 billion for 2020. Its net profits for 2020 fell 44% as the pandemic crushed demand in the energy sector. The comp...
3 Oil & Gas Stocks with Stable Dividends
March 20, 2021 02:49 PM AEDT| By AbhijeetSource: Vadi Fuoco, Shutterstock Summary Lockdown easing shall act as a catalyst for the oil & gas stocks in the near term. Oil & Gas stocks have generated decent returns in the past one year. Oil & Gas demand is expected to stay...
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What are the recent merger updates unveiled by Premier Oil?
March 19, 2021 02:56 AM AEDT| By Team Kalkine MediaSource: Oil and Gas Photographer, Shutterstock Summary Premier Oil PLC had reported a revenue of USD 949.4 million during FY20 ended 31 December 2020. The shares will be trading as Harbour Energy PLC from 01 April 2021. The Company had report...
What are the significant measures taken by Tullow Oil to achieve Net Zero emissions by 2030?
March 11, 2021 02:05 AM AEDT| By Team Kalkine MediaSource: zhengzaishuru, Shutterstock Summary Tullow Oil PLC had delivered a decline in total revenue to around USD 1,396 million during FY20. TLW had completed the disposal of Uganda assets worth USD 575 million during November 2020. TLW would...
What led Goldman Sachs raise its crude price forecast?
March 05, 2021 11:32 PM AEDT| By Team Kalkine MediaThe oil markets seem to have bounced back from a year of pandemic-led crisis. Further upgrading its price target for crude oil in 2021, Goldman Sachs has lifted its Brent crude price forecast to US $75 for the second quarter this year and has incre.....
What significant factors led AFC Energy to receive its first commercial order?
March 02, 2021 02:23 AM AEDT| By Team Kalkine MediaSource: Alexander Kirch, Shutterstock Summary AFC Energy PLC had not reported any revenue during FY20 ended on 31 October 2020. AFC had reported a comprehensive loss of approximately negative £4.2 million during FY20. AFC had completed...
Why Has Royal Dutch Shell Plc Acquired A Little-Known German Company
February 27, 2021 02:28 AM AEDT| By Team Kalkine MediaSource: Robert Lucian Crusitu, Shutterstock Summary Royal Dutch Shell Plc to acquire German virtual power plant operator Next Kraftwerke. The valuation of the deal has not been disclosed yet. The acquisition marks Shell’s policy shift o...
Why oil prices have spiked to pre-pandemic highs of more than US $60
February 18, 2021 01:50 AM AEDT| By Kunal SawhneySummary Oil prices rose above US $60 a barrel due to a US storm casting a deep freeze across the country, thus prolonging the country’s domestic energy crisis. The extreme weather event has ha.....
Why is Shell increasing push towards net zero emissions?
February 12, 2021 08:23 PM AEDT| By Kunal SawhneySummary Royal Dutch Shell pledged to achieve net zero emissions by 2050 driven by growth in its customer-facing businesses. The oil giant reported its oil output had peaked in 2019 and would drop by 1 to 2 per cent a year. The company plans to.....
BP Ventures into UK Windfarm Sector with Giant Irish Sea Project
February 09, 2021 02:54 AM AEDT| By Kunal SawhneySummary BP announces a formal entry into one of the world’s best offshore wind markets. The wind energy plant co-developed by BP and EnBW is expected to generate 3 GW of electricity. Footsie listed oil & gas giant BP Plc (LON: BP.....
EnQuest to buy Suncor’s North Sea Golden Eagle stakes for £240 million
February 05, 2021 09:09 PM AEDT| By Team Kalkine MediaSummary EnQuest is set to buy a 26.69 per cent stake of Canada-based firm Suncor Energy's for £240 million (US $325 million) for its Golden Eagle area. The Golden Eagle offshore area is operated by Chinese firm Cnooc with a 36.54 per cent.....
BP Flags $5.7 Billion Loss as Pandemic Led to Lessened Oil Demand
February 03, 2021 02:37 AM AEDT| By Kunal SawhneySummary The Footsie-listed oil major incurred its first full-year financial loss of $5.7 billion in a decade. BP has written-off its oil and gas assets worth $6.5 billion during the year 2020 and has slashed dividends and announced job cuts. .....
What are the recent developments made by ITM Power on its world’s first Hydrogen Gigafactory?
January 30, 2021 01:40 AM AEDT| By Kunal SawhneySummary ITM Power Plc had reported a revenue decline of 92% during H1 FY21 ended on 31 October 2020. The Company had a cash balance of £25.9 million as of 31 October 2020. The Company had entered into a partnership with the Optimal.....
What factors led Tullow Oil to forecast a 16% drop in the oil production?
January 29, 2021 12:28 AM AEDT| By Team Kalkine MediaSummary Tullow Oil Plc had expected a full year FY20 revenue of USD 1.4 billion. The average realized oil price was estimated as USD 50.8/bbl during FY20. The Company had sold its Uganda assets to Total for USD 575 million on 10 November 2020......
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Shell (LON: RDSA) To Buy Electric Car-Charging Company Ubitricity
January 27, 2021 04:58 PM AEDT| By Team Kalkine MediaSummary The FTSE 100-listed oil major has decided to buy UK's largest electric-vehicle charging network Ubitricity On-street charging network is considered crucial for the success of electric mobility solutions. The country’s first elect.....
BP’s (LON: BP.) CEO Bernard Looney and his restructuring plans
January 25, 2021 08:09 PM AEDT| By Team Kalkine MediaSummary BP is aiming to cut down on fossil fuels and switch to renewable sources of energy by 2030. The oil and gas company had announced 10,000 jobs last year as a part of its restricting plan. A wind of change has been blowing in BP PLC .....
Royal Dutch Shell PLC (LON: RDSA) withdraws from the Altalto project
January 19, 2021 03:22 AM AEDT| By Kunal SawhneySummary Shell stepped back from the waste-to-jet fuel project Altalto Joint Development Agreement, Velocys revealed. The Immingham Altalto project would continue according to its existing development plan. Velocys PLC (LON: VLS) annou.....
Total (EU: CA) acquires 20% minority stake in Adani Green Energy
January 18, 2021 10:18 PM AEDT| By Kunal SawhneySummary French oil and energy major Total SE has acquired 20 per cent stake in Adani Green Energy The French oil major aims to generate 35 gigawatts (GW) of gross renewable energy capacity by 2025 The shares of Total were d.....
Royal Dutch Shell PLC (LON: RDSA) to cut 330 jobs
January 14, 2021 12:27 AM AEDT| By Kunal SawhneySummary The Anglo-Dutch oil giant said that it is planning to shed a quarter of its workforce for its North Sea business by December 2022 The slashing of jobs in bulk will affect the office-based roles in Aberdeen Royal Dutch Shell PLC (LO.....
AI on the Rise: A Look at Top AI Companies and Their Stocks