Energy

BP's Refining Margins Affected by Substantial Decline in Oil Prices

Highlights:,BP PLC reports that weak refining margins and lower oil prices are impacting its third-quarter results.,The company anticipates exploratio...

Gulf Marine Services Share Value Rises Following Announcement of Eur...

Highlights:,Gulf Marine Services PLC has secured a new offshore energy vessel contract in Europe and extended two existing contracts in the Middle Eas...

Zephyr Energy Verifies Lateral Drilling Strategy for Utah Well

Highlights:,Zephyr Energy PLC will proceed with drilling an extended lateral on the State 36-2R well in the Paradox Basin, Utah, following a successfu...

Shell PLC Reports Sharp Decline in Refining Margins Amid Sector-Wide...

Highlights:,Refining Margins Drop,: Shell reported a 30% decline in refining profit margins due to weaker global demand and slowing economic growth.,I...

Helix Exploration Gears Up for Clink Well Testing with Rig Mobilizat...

Highlights:,Mobilisation Begins,: Precision Drilling Rig 704 is set to begin operations for re-entry of the Clink-1 well at the Ingomar Dome helium pr...

BP Refines Strategy: Focus on Oil and Gas Output, Net Zero by 2050 S...

Highlights:,Strategic Shift,: BP will abandon its 2030 target for oil and gas production cuts, marking a shift towards higher returns from traditional...

BP Abandons 2030 Oil and Gas Output Reduction Target Amid Strategy S...

Highlights:,BP has dropped its 2030 target to cut oil and gas production by 40%, refocusing on hydrocarbon projects.,New investments are planned in th...

Senegal Asset Sale to Bring Capricorn Energy Up to $50M by 2025

Highlights:,Capricorn to receive up to $50 million,: Payment depends on Brent oil prices exceeding $55 and $60 thresholds over the first six months of...

Capricorn Energy Positioned for $50 Million Bonus After Senegal Sale

Highlights,Contingent Payment Notification:,Capricorn Energy PLC is set to receive a contingent payment of up to $50 million from its previous asset s...

Prospex Energy Expands into Poland, Eyes Onshore Gas Exploration Opp...

Highlights:,Prospex expands into Poland,: PXEN Tatra secures pre-qualification to apply for onshore hydrocarbon licences.,Targeted onshore gas reserve...

Capricorn Energy Achieves $50m Milestone, Plans Return to Shareholde...

Highlights:,Capricorn reaches $50m payment milestone,: This is based on oil price thresholds from its 2020 deal with Woodside Energy.,Shareholder retu...

Government's £22bn Support for Carbon Capture Sector Solidified

Highlights:,Government Support,: The UK government is allocating nearly £22 billion to enhance the carbon capture and storage sector, focusing on key...

EnergyPathways Secures £5.1 Million Loan to Develop Marram Energy St...

Highlights:,EnergyPathways secures £5.1M loan: The company secured funding from GGAF to advance its Marram Energy Storage Hub project.,Focus on decarb...

UK Government to Invest £22 Billion in Carbon Capture and Storage Pr...

Highlights:,The UK government will invest £22 billion in carbon capture projects to cut industrial emissions.,Major energy companies like BP and Equin...

Crude Oil Remains Close to $75 a Barrel Amid Scrutiny of Middle East...

Highlights,Oil prices remain elevated amid ongoing tensions in the Middle East, particularly following recent military actions involving Iran and Isra...

Empyrean Energy's Countdown to Jade Well Progress Observed

Highlights,Empyrean Energy PLC is focusing on three key assets: Block 29/11 offshore China, the Duyung PSC offshore Indonesia, and interests in the Sa...

Improved Financial Performance and North Macedonia Acquisition by Hy...

Highlights:,Hydrogen Utopia reduced its operating loss to £504,000 for H1 2024, down from £867,000 in 2023.,The company completed the acquisition of a...

Challenger Energy Calls H1 2024 'Transformational' with Chevron Deal...

Highlights:,Challenger Energy progresses its transformative farm-out deal with Chevron for the OFF-1 licence.,The company reports stable production fr...

Tower Resources Optimistic Ahead of NJOM Farm-Out Deal Early 2025 Sp...

Highlights,Tower Resources PLC is nearing a funding deal to facilitate the drilling of the NJOM-3 well in Cameroon, with discussions ongoing with a su...

Touchstone Exploration Prepares New Cascadura Wells for Production F...

Highlights,Touchstone Exploration Inc. reports promising initial results from new wells at the Cascadura field in Trinidad and Tobago.,Significant gas...