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Energy
Aura Energy's Key Initiatives Advanced in Response to Escalating Demand for Clean Energy
October 16, 2024 07:49 AM BST| By Team Kalkine MediaHighlights:,Strategic Projects:,Aura Energy Ltd focuses on two key projects, the Tiris Uranium Project in Mauritania and the Häggån Polymetallic Project in Sweden, capitalizing on the growing global demand for clean energy.,Favorable Market Condition...
Deltic Energy is being positioned for growth through a management change and a focus on opportunities outside the UK North Sea
October 15, 2024 08:13 AM BST| By Team Kalkine MediaHighlights:,Deltic Energy PLC announces the immediate resignation of CEO Graham Swindells, effective immediately, with Andrew Nunn, the current COO, appointed as his successor.,Under Swindells’ leadership, Deltic transformed into a company recognized...
Good Energy and Hive Partner to Boost Electric Vehicle Charging Solutions
October 15, 2024 12:00 AM BST| By Team Kalkine MediaHighlights:,Collaborative Goal,: Hive and Zapmap aim to help over one million customers transition to EVs in the next three years.,Integrated Charging Solutions,: The platforms will offer home and public EV charging tracking, as well as payment optio...
Rockhopper Exploration to Withdraw from Italian Assets
October 14, 2024 09:17 AM BST| By Team Kalkine MediaHighlights:,Rockhopper Exploration PLC has implemented an insurance policy that guarantees a minimum payout of €31 million in the event of the annulment or partial annulment of the Ombrina Mare Arbitration Award.,The company has signed a share purcha...
Scottish Power to Invest £24 Billion in UK Renewables Following Government Solar Approvals
October 11, 2024 01:01 PM BST| By Team Kalkine MediaHighlights:,Massive Investment in Renewables:,Scottish Power commits £24 billion to renewable energy projects across the UK, doubling its original investment plan.,Solar Project Approvals:,Energy Secretary Ed Miliband’s approval of large-scale solar...
Weak Refining Margins Projected to Affect BP’s Profit in Q3
October 11, 2024 10:49 AM BST| By Team Kalkine MediaHighlights,BP has projected a decline in third-quarter refining margins, which may reduce operating profit by $400 to $600 million.,The company anticipates weak oil trading results due to the impact of lower crude prices.,Upstream production for the...
BP's Refining Margins Affected by Substantial Decline in Oil Prices
October 11, 2024 07:47 AM BST| By Team Kalkine MediaHighlights:,BP PLC reports that weak refining margins and lower oil prices are impacting its third-quarter results.,The company anticipates exploration write-offs between £200-300 million, contributing to reduced financial performance.,Oil and gas pr...
BP Warns of Profit Decline Amid Lower Refining Margins and Weak Oil Trading
October 11, 2024 12:00 AM BST| By Team Kalkine MediaHighlights:,Profit Impact,: BP expects a $400-600 million hit to its operating profit due to lower refining margins.,Production Outlook,: Upstream production is forecasted to remain stable despite market challenges.,Debt and Delays,: Net debt is expe...
Gulf Marine Services Share Value Rises Following Announcement of European Order
October 10, 2024 10:09 AM BST| By Team Kalkine MediaHighlights:,Gulf Marine Services PLC has secured a new offshore energy vessel contract in Europe and extended two existing contracts in the Middle East, increasing its order backlog to US$505 million.,The total order backlog now represents 3.3 times...
Zephyr Energy Verifies Lateral Drilling Strategy for Utah Well
October 10, 2024 09:51 AM BST| By Team Kalkine MediaHighlights:,Zephyr Energy PLC will proceed with drilling an extended lateral on the State 36-2R well in the Paradox Basin, Utah, following a successful production test.,The initiative aims to significantly increase ultimate recoveries from the well,...
Helix Exploration Gears Up for Clink Well Testing with Rig Mobilization
October 07, 2024 12:15 PM BST| By Team Kalkine MediaHighlights:,Mobilisation Begins,: Precision Drilling Rig 704 is set to begin operations for re-entry of the Clink-1 well at the Ingomar Dome helium project.,Testing Helium and Hydrogen,: The programme will focus on testing helium and hydrogen 'shows'...
Shell PLC Reports Sharp Decline in Refining Margins Amid Sector-Wide Forecast Revisions
October 07, 2024 12:15 PM BST| By Team Kalkine MediaHighlights:,Refining Margins Drop,: Shell reported a 30% decline in refining profit margins due to weaker global demand and slowing economic growth.,Increased LNG Production,: The company raised its LNG production forecast, maintaining steady trading...
BP Refines Strategy: Focus on Oil and Gas Output, Net Zero by 2050 Still on Track
October 07, 2024 12:15 PM BST| By Team Kalkine MediaHighlights:,Strategic Shift,: BP will abandon its 2030 target for oil and gas production cuts, marking a shift towards higher returns from traditional energy investments under CEO Murray Auchincloss.,Focus on Oil and Gas,: The company is pausing offs...
BP Abandons 2030 Oil and Gas Output Reduction Target Amid Strategy Shift
October 07, 2024 09:06 AM BST| By Team Kalkine MediaHighlights:,BP has dropped its 2030 target to cut oil and gas production by 40%, refocusing on hydrocarbon projects.,New investments are planned in the Gulf of Mexico, Permian Basin, and Middle East to boost production.,Despite the shift in strategy,...
Senegal Asset Sale to Bring Capricorn Energy Up to $50M by 2025
October 04, 2024 04:17 PM BST| By Team Kalkine MediaHighlights:,Capricorn to receive up to $50 million,: Payment depends on Brent oil prices exceeding $55 and $60 thresholds over the first six months of Senegal production.,Shareholder returns planned,: The company plans to return proceeds to sharehold...
Capricorn Energy Positioned for $50 Million Bonus After Senegal Sale
October 04, 2024 03:57 AM PDT| By Team Kalkine MediaHighlights,Contingent Payment Notification:,Capricorn Energy PLC is set to receive a contingent payment of up to $50 million from its previous asset sale in Senegal to Woodside Petroleum in 2025, following the confirmation of continuous production fr...
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Capricorn Energy Achieves $50m Milestone, Plans Return to Shareholders
October 04, 2024 11:53 AM BST| By Team Kalkine MediaHighlights:,Capricorn reaches $50m payment milestone,: This is based on oil price thresholds from its 2020 deal with Woodside Energy.,Shareholder returns planned,: Capricorn plans to distribute proceeds to shareholders, pending tax obligations in Sen...
Prospex Energy Expands into Poland, Eyes Onshore Gas Exploration Opportunities
October 04, 2024 11:53 AM BST| By Team Kalkine MediaHighlights:,Prospex expands into Poland,: PXEN Tatra secures pre-qualification to apply for onshore hydrocarbon licences.,Targeted onshore gas reserves,: Focus on high-potential areas with proven gas production and untapped reserves.,Licence applicat...
Government's £22bn Support for Carbon Capture Sector Solidified
October 04, 2024 07:47 AM BST| By Team Kalkine MediaHighlights:,Government Support,: The UK government is allocating nearly £22 billion to enhance the carbon capture and storage sector, focusing on key industrial clusters.,Job Creation,: The initiative is projected to generate approximately 4,000 jobs...
EnergyPathways Secures £5.1 Million Loan to Develop Marram Energy Storage Hub
October 03, 2024 05:15 PM BST| By Team Kalkine MediaHighlights:,EnergyPathways secures £5.1M loan: The company secured funding from GGAF to advance its Marram Energy Storage Hub project.,Focus on decarbonized energy storage: MESH aims to create a clean energy storage system using natural gas and green...
