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Energy
Water Companies Navigate Ofwat's Final Determination with Mixed Reactions
December 19, 2024 10:02 AM GMT| By Team Kalkine MediaHighlights:,Ofwat announces a 36% average increase in water bills by 2029-30, coupled with £104 billion in sector upgrades.,Pennon Group secures a 0.3% cost of capital uplift and £4.5 billion expenditure allowance for South West Water.,Southern Water...
Ofwat to Announce Final Decision on Water Bill Increases Amid Industry Pressure
December 18, 2024 04:17 PM GMT| By Team Kalkine MediaHighlights:,Annual Water Bill Hikes Confirmed:,Consumers brace for significant increases in water bills through 2030, with Ofwat's final determination imminent.,Industry Pushes for Larger Increases:,Water companies seek greater flexibility, arguing f...
Zephyr Energy (LON:ZPHR) Stock Surges 16.4%, Marking Positive Momentum
December 18, 2024 02:40 PM GMT| By Team Kalkine MediaHighlights,Zephyr Energy (ZPHR) stock rose 16.4% during midday trading.,The company’s stock reached a high of GBX 3.27, up from the previous close of GBX 2.75.,Trading volume decreased by 18%, with 3.4 million shares exchanged.,Zephyr Energy plc (LON...
Arrow Exploration Hits Key Milestone with Successful Drilling at AB-1 Well in Colombia
December 17, 2024 05:27 PM GMT| By Team Kalkine MediaHighlights:,Target Depth Reached:,Arrow Exploration successfully drilled the AB-1 well on the Tapir Block to a depth of 9,960 feet.,Hydrocarbon Discovery:,Four hydrocarbon-bearing reservoirs — C7, Gacheta, Guadalupe, and Ubaque — were encountered wit...
Powerhouse Energy Completes Feedstock Testing Unit Ahead of 2025 Plans
December 16, 2024 03:36 PM GMT| By Team Kalkine MediaHighlights:,Mechanical Completion Achieved:,Powerhouse Energy completed its Feedstock Testing Unit (FTU) on schedule and within budget.,Exciting Developments for 2025:,"Hot" commissioning and testing of the FTU are set for early 2025, with open days...
Examining Afentra plc’s (LON:AET) Ownership Structure
December 16, 2024 12:00 AM GMT| By Team Kalkine MediaHighlights,Afentra’s insiders control 37% of the company, significantly influencing its direction.,Institutional ownership stands at 30%, suggesting confidence from large financial players.,The top 9 shareholders own over 50% of Afentra, solidifying...
Thames Water’s Financial Struggles Spark Calls for Renationalisation
December 13, 2024 10:48 AM GMT| By Team Kalkine MediaHighlights:,Thames Water faces mounting pressure with over £16 billion in debt and limited financial runway.,Reform UK's Richard Tice advocates for renationalisation, criticising private-sector interventions.,Government and Thames Water prefer a mark...
Kosmos Energy Initiates Early Talks with Tullow Oil on Potential All-Share Acquisition
December 13, 2024 10:48 AM GMT| By Team Kalkine MediaHighlights:,Kosmos Energy explores acquisition of Tullow Oil:,Discussions are in early stages, with no confirmed offer yet.,Regulatory timeline set for January 2025:,Kosmos has until 9 January to formalize or withdraw its offer under the UK Takeover...
Serinus Energy (AIM: SENX) Announces Retail Offer to Raise £0.25 Million
December 13, 2024 07:18 AM GMT| By Team Kalkine MediaHighlights,Serinus Energy launches retail offer to raise £0.25 million via the BookBuild Platform.,Up to 10 million new ordinary shares to be issued at a 2.5 pence price.,Proceeds will fund the company's projects in Romania and Tunisia.,Serinus Energ...
88 Energy Expands Alaska Operations with New Project Leonis Leases
December 12, 2024 11:38 AM GMT| By Team Kalkine MediaHighlights:,88 Energy secures four additional lease blocks adjacent to Project Leonis, increasing total acreage to 35,634 acres.,New leases target promising geological zones in the Canning Formation, enhancing exploration potential.,Drilling is sched...
Britain's Energy Reliance Shifts Back to Gas Amidst Low Wind Conditions
December 12, 2024 11:38 AM GMT| By Team Kalkine MediaHighlights:,Gas supplied 70% of Britain's electricity due to a lack of wind, up from an average of 39.5% wind power earlier in the week.,Spot electricity prices surged to £294.30 per megawatt hour, triple the week’s average.,Europe experienced simila...
Orcadian Energy Announces Transformative Farm-Out Deal and Debt Restructuring
December 12, 2024 11:26 AM GMT| By Team Kalkine MediaHighlights:,Orcadian Energy agrees to a $2.2 million farm-out of a 50% stake in its Earlham and Orwell projects to The Marine Low Carbon Power Company (MLCP).,The deal includes full funding for development costs and repayment through enhanced revenue...
Parkmead Group Sells E&P Subsidiary in Strategic £14 Million Transaction
December 12, 2024 11:26 AM GMT| By Team Kalkine MediaHighlights:,Parkmead Group agrees to sell its subsidiary Parkmead (E&P) to Serica Energy in a £14 million deal.,The transaction retains Parkmead’s revenue-generating assets, including Dutch gas fields and a UK wind farm.,The deal includes upfront pay...
Ofgem Proposes Tariff Overhaul to Address Controversial Standing Charges
December 12, 2024 11:26 AM GMT| By Team Kalkine MediaHighlights:,Ofgem plans to introduce tariffs without standing charges by next winter.,Standing charges, which have risen 43% since 2019, have faced widespread criticism.,New options aim to balance fairness while maintaining grid infrastructure costs....
Seplat Energy (LSE:SEPLAT) Completes Acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil
December 12, 2024 07:15 AM GMT| By Team Kalkine MediaHighlights,Seplat Energy acquires MPNU, more than doubling production and reserves.,Strategic deal adds 409 MMboe 2P reserves and 670 MMboe 2P + 2C reserves.,CEO Roger Brown highlights commitment to increasing oil and gas production while reducing co...
DCC plc (LON:DCC) Experiences Decline in Stock Price Amid Increased Trading Activity
December 12, 2024 12:00 AM GMT| By Team Kalkine MediaHighlights,DCC plc (DCC) sees a 1.8% drop in stock price during mid-day trading.,The company experiences a sharp increase in trading volume, up 78% from its average.,Despite a dividend declaration, DCC’s stock continues to show volatility in the mark...
Kainos Group Welcomes Former CEO Brendan Mooney Back Amidst Leadership Shift
December 11, 2024 11:26 AM GMT| By Team Kalkine MediaHighlights:,Brendan Mooney reappointed as CEO to replace Russell Sloan, effective immediately.,Leadership change follows profit warnings linked to public sector client delays.,Mooney highlights "significant growth opportunities" for Kainos moving for...
Georgina Energy Advances Helium Exploration with Progress on Mt Winter Permit
December 11, 2024 09:23 AM GMT| By Team Kalkine MediaHighlights:,Georgina Energy progresses towards securing the EPA155 exploration permit in Australia's Northern Territory.,A farm-in agreement grants Georgina an initial 75% stake in the Mt Winter project area.,Preparations for seismic analysis and sit...
EnQuest (LON:ENQ) Rises 0.9% Amid Higher Trading Volume
December 10, 2024 12:00 AM GMT| By Team Kalkine MediaHighlights,Stock gains 0.9%,EnQuest plc (LON:ENQ) saw a modest rise in its stock price during Monday’s trading session.,Trading volume increases,91 million shares were exchanged, surpassing the average daily volume by 8%.,Key operations in focus,EnQu...
Thor Energy Extends Uranium Mineralisation at Groundhog Prospect, Colorado
December 09, 2024 10:47 AM GMT| By Team Kalkine MediaHighlights,Drilling at Groundhog Prospect uncovers new shallow uranium grades, expanding the mineralised footprint.,Nine Reverse Circulation (RC) holes drilled, with notable grades of 0.16% and 0.11% uranium identified.,Heavy snow halts operations, w...
