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Oil gas
Deloitte Steps Down as Issa Brothers’ EG Group Auditor
October 15, 2020 04:31 PM BST| By Kunal SawhneySummary The British petrol stations company, EG Group has appointed KPMG as its new auditor after Deloitte resigned on governance concern Deloitte had signed a clean audit of the Group’s 2019 financial statements and there have been no di.....
Aminex (LON: AEX) share price shot up after receiving Tanzania’s approval
October 14, 2020 09:37 AM BST| By Team Kalkine MediaSummary The Government of Tanzania provided approval to Aminex for transferring a 50 per cent interest in the Ruvuma PSA to ARA After completing the farm-out within next few days, Aminex would give the operatorship to ARA The Ruvuma gas projec.....
Wood Group (LON: WG.) extends its credit facility
October 12, 2020 07:51 AM BST| By Team Kalkine MediaSummary Wood Group extended its revolving credit facility till May 2023. Due to considerable financial headroom and liquidity positions, Wood Group recognised the need for a lesser debt. Wood Group (John) plc (LON: WG.) recently announced .....
Shell and BP Share Price Collapse - Is It Fear of Another Divergence?
October 10, 2020 01:49 PM BST| By Team Kalkine MediaSummary Shell and BP shares have dropped significantly during the first week of October with a sudden spike in Covid-19 cases With the onslaught of the pandemic, governments and environmental activists are pushing for lesser carbon emissions .....
BP and Shell share prices at 25-year low: Does this call for investment in oil stocks?
October 07, 2020 04:05 PM BST| By Team Kalkine MediaSummary In early October 2020, the share prices of BP and Shell hit their lowest levels in 25 years. Recent increase in Covid-19 infections globally has fueled fears of a fall in demand for energy. Lower demand for oil has resulted in considera.....
Premier Oil Plc to Be Taken Over by Chrysaor Holdings Ltd in A Reverse Takeover Deal
October 07, 2020 02:53 PM BST| By Team Kalkine MediaSummary The management of Premier Oil Plc under the pressure of heavy debt and mounting pressure from creditors has agreed to be taken over by privately held Chrysaor Holdings Ltd. The deal paves the way for Chrysaor Holdings Ltd to have an ind.....
Octopus Energy’s new data science and AI centre to create 1000 jobs
October 06, 2020 04:00 PM BST| By Kunal SawhneyTech unicorn Octopus Energy Ltd., a pioneer in the sustainable energy sector, has announced its plans to create a new technology hub focusing on data science and artificial intelligence (AI) headquartered in Manchester. The company official.....
Two Resource Stocks Trending on LSE - San Leon Energy PLC & Prospex Energy PLC
October 01, 2020 02:20 PM BST| By Team Kalkine MediaSummary San Leon Energy extended the proposed investment date in Decklar Petroleum and Oza Field to 31 October 2020. It would provide a conditional loan of USD 7.5 million to Decklar Petroleum Limited, and it would also acquire a 15 percent equ.....
Tullow Oil Shares Remain Bearish on Sluggish Demand Post-Lockdown
October 01, 2020 01:50 PM BST| By Team Kalkine MediaSummary The poor stock performance of Tullow Oil Plc has come despite strong revenue performance reported by the company in the first half of 2020. The major reason that has been responsible for the poor stock performance during the year is the.....
Investors Unhappy With BP’s Net Zero Target: Stock Sinks To 25-Year Low
September 30, 2020 01:11 PM BST| By Hina ChowdharySummary The shares of the company touched their lowest value on 29 September 2020 since October 1995 The dip has been caused by the company’s Net Zero transition plan, which was recently presented by CEO Bernard Looney. The British oil m.....
Top Firms Urge Governments To Support Their Efforts On Green Operations
September 22, 2020 09:03 PM BST| By Team Kalkine MediaSummary Around 560 leading global companies have requested the governments to act on reversing the fast destruction of nature and fight against climate change. Many companies said that the policy measures by the governments would strengthen the.....
Airbus and Shell Step Up Efforts On Their Go-Green Strategy
September 22, 2020 02:11 PM BST| By Team Kalkine MediaSummary Airbus unveiled three types of aircraft designs under its ZEROe strategy: turbofan, conventional turboprop, and a futuristic blended body. British oil and gas major Royal Dutch shell has announced that it is looking at cutting up to 40 .....
US stockpiles Dry up, a big boost for oil prices. Is oil headed higher from here?
September 18, 2020 08:57 AM BST| By Team Kalkine MediaU.S. crude oil stockpiles are declining as imports from Saudi Arabia are declining and exports rising. The exports have increased by 1.2 million barrels per day, with China being the major consumer. China has imported nearly 1 million barrels per d.....
Oil Demand Outlook Stays Weak: Focus On BP, RDSA, And TLW
September 15, 2020 02:11 PM BST| By Kunal SawhneySummary The country’s continental shelf contains a large amount of recoverable petroleum reserves BP predicts the global oil consumption to drop by 50 per cent by 2050 Focus on the stocks of BP, RDSA, And TLW A new report from the O.....
BP Plc Marks Debut to Offshore Wind Market in A Strategic Partnership with Equinor
September 11, 2020 05:20 AM BST| By Hina ChowdharyBP Plc (LON: BP.) has entered the offshore wind market through a strategic partnership with the Norwegian state oil company, Equinor, to develop offshore wind projects in the United States (US). Apart from the strategic partnership, the energy comp.....
Two Energy Stocks Trending on LSE – Egdon Resources PLC & Petroneft Resources PLC
August 26, 2020 02:30 PM BST| By Hina ChowdharySummary Egdon Resources completed the farm-in agreement with Shell UK for Resolution and Endeavour gas discoveries. Egdon Resources would retain 30 percent interest in the Resolution and Endeavour gas discoveries. Egdon Resources announced the.....
Major Institutional Investor Dumps Biggest Fossil Fuel Stocks for Lobbying Against Climate Action
August 25, 2020 02:40 PM BST| By Hina ChowdharySummary Storebrand, Norway based financial services firm has reportedly dumped stocks of fossil fuel players The world is looking towards a greener recovery while the economies have opened with enhanced safety measures in place BP Plc has met .....
Operational Review of Two AIM Listed Resource Stocks – Hurricane Energy & Cadence Minerals
August 22, 2020 02:00 PM BST| By Kunal SawhneySummary Hurricane Energy appointed Antony Maris as the new CEO of the Company. Hurricane Energy produced 17,000 bopd of oil from two wells in Lancaster field. Hurricane Energy has put Aoka Mizu FPSO on maintenance. Cadence Minerals raised &po.....
Quick Insights on Two Energy Stocks – Nostrum Oil & Gas & Petrotal Corporation
August 19, 2020 02:40 PM BST| By Kunal SawhneySummary Nostrum Oil & Gas reported revenue of USD 92.6 million in H1 FY2020. Nostrum Oil & Gas sold 22,624 boepd of products in H1 FY2020. Nostrum Oil & Gas has paused all the drilling activities. Petrotal's Bretana oil field was .....
How is the needle moving on two AIM listed stocks – Deltic Energy & Clontarf Energy?
August 12, 2020 02:40 PM BST| By Hina ChowdharySummary Deltic Energy announced an enhanced prospect of resource estimate at Selene project. Cluff Natural Resources PLC’s name changed to Deltic Energy PLC in June 2020. Clontarf Energy plans to start work at Tano 2A in Ghana after.....
