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Energy
Improved Financial Performance and North Macedonia Acquisition by Hydrogen Utopia
October 01, 2024 02:21 AM AEST| By Team Kalkine MediaHighlights:,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 medicinal cannabis facility in North Macedonia, managed by its subsidiary Ohrid Organics.,As of 30...
Challenger Energy Calls H1 2024 'Transformational' with Chevron Deal Progress
October 01, 2024 01:54 AM AEST| By Team Kalkine MediaHighlights:,Challenger Energy progresses its transformative farm-out deal with Chevron for the OFF-1 licence.,The company reports stable production from its core assets in Trinidad and Tobago during the first half of 2024.,Future plans include market...
Tower Resources Optimistic Ahead of NJOM Farm-Out Deal Early 2025 Spud
September 30, 2024 09:35 PM AEST| By Team Kalkine MediaHighlights,Tower Resources PLC is nearing a funding deal to facilitate the drilling of the NJOM-3 well in Cameroon, with discussions ongoing with a substantial upstream partner.,The company has received multiple proposals, with one expected to fully...
Touchstone Exploration Prepares New Cascadura Wells for Production Following Promising Initial Tests
September 30, 2024 08:12 PM AEST| By Team Kalkine MediaHighlights,Touchstone Exploration Inc. reports promising initial results from new wells at the Cascadura field in Trinidad and Tobago.,Significant gas presence recorded, with wellhead pressures reaching up to 3,600 psi; gas production expected to com...
Chariot Limited Enhances Portfolio with Renewables Focus
September 27, 2024 05:49 PM AEST| By Team Kalkine MediaHighlights,Diverse Business Streams,: Chariot Ltd operates in three key areas: Transitional Gas, Transitional Power, and Green Hydrogen, focusing on sustainable energy solutions across Africa.,Challenges at Anchois,: Recent well results from the Anch...
Zephyr Energy Reports Strong Interim Results for H1 2024, Fueled by Williston Basin Production
September 27, 2024 05:01 PM AEST| By Team Kalkine MediaHighlights,Focus on Paradox Basin,: Zephyr Energy PLC has dedicated significant resources to its Paradox Basin project in Utah, particularly in drilling and testing the State 36-2R LN-CC well.,Strong Financial Performance,: The company reported reven...
Transformed Zephyr Energy Maintains Growth Through Production Leadership
September 27, 2024 04:57 PM AEST| By Team Kalkine MediaHighlights,Operational Progress,: Zephyr Energy PLC has reported successful well testing results at the Paradox project, achieving peak production rates exceeding 2,100 barrels of oil equivalent per day.,Strong Financial Performance,: The company gen...
Gran Tierra to Expand Operations Through Acquisition of i3 Energy
September 27, 2024 04:28 PM AEST| By Team Kalkine MediaHighlights,Strategic Acquisition,: Gran Tierra Energy Inc. has announced a significant acquisition of i3 Energy, aimed at diversifying its production portfolio.,Enhanced Portfolio,: The transaction will introduce a balance of oil, natural gas, and na...
Zephyr Energy Reports Positive Interim Results and Operational Progress
September 27, 2024 12:38 AM AEST| By Team Kalkine MediaHighlights:,Peak Production Milestone,: Zephyr’s State 36-2R well at Paradox achieved peak production rates of over 2,100 barrels of oil equivalent per day.,Financial Stability,: Williston Basin assets provide strong cash flows, covering costs and su...
Pennon Group Allocates £16 Million for Water Quality Issue in Brixham
September 26, 2024 09:48 PM AEST| By Team Kalkine MediaHighlights:,Pennon Sets Aside £16 Million,: The fund will cover compensation, bottled water provision, and corrective measures in response to the cryptosporidium contamination.,Extensive Repair Measures,: Pennon flushed the network 27 times, replaced...
BP and Shell on Edge Over Uncertain Fuel Price Projections
September 26, 2024 08:41 PM AEST| By Team Kalkine MediaSummary:,BP (LSE: BP) and Shell (LSE: SHEL) shares decline as Brent crude forecasts are cut and fuel prices drop.,Rabobank revised its Brent crude estimate for 2024 to $71 per barrel, citing weak demand and oversupply.,UK petrol prices hit a three-ye...
Union Jack Oil and Reabold Anticipate West Newton Project Approval
September 25, 2024 12:11 AM AEST| By Team Kalkine MediaUnion Jack Oil PLC (LSE:UJO) and Reabold Resources PLC (LSE:RBD) are awaiting approval from the Environment Agency for their proposed work programme at the West Newton gas development project in Yorkshire. This step is essential for moving forward wi...
Arrow Exploration Achieves Success with Fourth Horizontal Well
September 23, 2024 08:27 PM AEST| By Team Kalkine MediaArrow Exploration Corp,(LSE:AXL),has announced impressive initial production results from its latest horizontal well, the CNB HZ-5, located at the Carrizales Norte project. The well is flowing at over 2,700 barrels of oil per day (BOPD) gross, transl...
Pressure Technologies declines due to order delays
September 20, 2024 08:13 PM AEST| By Team Kalkine MediaPressure Technologies PLC (LSE:PRES) experienced a decline in its share price following a warning about order delays in one of its divisions, which will likely result in the company missing its prior financial guidance.,Previously, the AIM-listed fir...
Powerhouse Energy Advances Project Pipeline
September 19, 2024 09:31 PM AEST| By Team Kalkine MediaPowerhouse Energy Group PLC (LSE:PHE) reported positive momentum for the first half of the year, driven by a new business strategy tailored to the company's strengths. The firm, specializing in converting non-recyclable waste into low-carbon energy,...
Touchstone Exploration Acknowledges Lapse of Trinity Deal
September 19, 2024 05:53 PM AEST| By Team Kalkine MediaTouchstone Exploration Inc.,(LSE:TXP),has announced that its planned acquisition of Trinidad-based oil and gas company Trinity Exploration & Production PLC (AIM) will lapse on 25 September. Despite having received the support of Trinity shareholders...
88 Energy Details 50% Resource Upgrade for Project Phoenix
September 18, 2024 05:34 PM AEST| By Team Kalkine Media88 Energy Ltd,(LSE:88E),has announced a substantial update regarding the contingent resources at Project Phoenix in Alaska, which is now estimated to contain approximately 378 million barrels of gross 2C contingent resources. This revised estimate, p...
Zephyr Energy Denies Plans for Equity Raise
September 17, 2024 04:42 PM AEST| By Team Kalkine MediaZephyr Energy PLC,(LSE:ZPHR),has addressed recent market speculation by clarifying that it is not in the process of raising new capital through an equity offering. In a formal statement, Zephyr Energy affirmed that there are no current plans for an e...
Europa Oil & Gas Applauds Wressle Planning Approval
September 16, 2024 06:20 PM AEST| By Team Kalkine MediaEuropa Oil & Gas (Holdings) Plc,(LSE:EOG),has received approval for the next phase of development at its part-owned Wressle project in Lincolnshire. The planning permission allows for the drilling of two additional wells, the construction of gas proc...
Pantheon Resources Announces New CFO Based in the US
September 16, 2024 06:04 PM AEST| By Team Kalkine MediaPantheon Resources PLC (LSE: PANR) has announced the appointment of Philip Patman as its new Chief Financial Officer (CFO). This significant leadership change includes relocating the CFO role to Houston, reflecting the company's ongoing strategic ini...
AI on the Rise: A Look at Top AI Companies and Their Stocks