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Oil gas
Oversupply fears drag Crude oil prices; 3 ASX oil stocks under lens
July 16, 2021 08:17 PM AEST| By Nitish KumarSummary OPEC and U.A.E reached a truce when latter’s demand to boost oil supply got a nod from the member nations. Oil prices slipped amidst fear of an increase in supply; WTI futures dropped to ~US$71/bbl while Brent August contract trad.....
OPEC+ readies to boost production to meet global demand; ASX O&G shares in focus
July 02, 2021 02:34 PM AEST| By Nitish KumarSummary Saudi Arabia and Russia are in favour of adding 0.4Mbbl/day of crude oil from August 2021 to support the global demand. The benchmarks- WTI & Brent are trading above US$75/bbl as the OPEC+ meeting extends for the second day. UAE is.....
Millions Living In Dark As US Energy Crisis Intensifies
February 17, 2021 01:26 AM AEDT| By Team Kalkine Mediaannounces emergency aid as Weather Dept. says cold condition to remain for next few days. Millions of people in the US were facing prolonged blackouts and heating fuel shortage amid an unprecedented cold blitz that swept through North America, ....
LNG Market Poised to Head North?
January 07, 2021 12:22 PM AEDT| By Kunal SawhneyLNG prices are on an up surge with spot prices across Asia surpassing the two-year high recently. The increase in LNG prices is well supported by the ongoing green drive on the global front. Apart from that, the global stance of ending fossil fuel e...
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Why is Kina Petroleum (ASX:KPE) making an exit from ASX and PNGX?
December 31, 2020 02:30 PM AEDT| By Team Kalkine MediaOn 31 December 2020, Kina Petroleum Corporation (ASX:KPE) addressed an Extraordinary General Meeting to discuss the reason and the implications of its decision to delist from the ASX and PNGX. Kina Petroleum also discussed its plans for the buyback.....
Beach Energy (ASX:BPT) and Ironbark Participants Left Disappointed As First Well Comes Empty
December 30, 2020 03:22 PM AEDT| By Team Kalkine MediaThe recent drilling results at Ironbark-1 exploration well has left the operator BP and associated partners Cue Energy, Beach Energy Limited (ASX:BPT), and New Zealand Oil & Gas (NZX:NZO) disappointed with the well showing no promising hydrocarbo...
BHP inks deal with Shell to power LNG carriers
December 02, 2020 02:07 PM AEDT| By Kunal SawhneyAs a pledge to reduce carbon emission, BHP (ASX:BHP), a global resource company with dual listing in the UK and Australia, has signed an agreement with Shell to fuel five LNG powered Newcastlemax bulk carriers. LNG powered carrier vessels which BH.....
Veris Limited (ASX:VRS) Bags Pipeline Contract From APA Group
November 26, 2020 02:53 PM AEDT| By Hina ChowdharyVeris Limited (ASX:VRS) has bagged a service contract from APA Group Limited (ASX:APA) for providing survey and associated services for the new Northern Goldfields Interconnect (NGI) pipeline in WA. The contract offered by APA comes under $460 milli...
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One Nation Leader Mark Latham Labels NSW’s Energy Roadmap as a “New Tax”
November 23, 2020 03:05 PM AEDT| By Team Kalkine MediaMark Latham, the One Nation leader and the former member of the house of representatives, has slammed the energy roadmap unveiled by the government of New South Wales, citing that the cost would be ultimately passed to the consumers. Mr Latham has w...
Oil Search’s (ASX:OSH) Alaskan Resources Soar 33%, Another Boost for the Pikka Unit
November 19, 2020 12:49 PM AEDT| By Hina ChowdharyOil Search Limited (ASX:OSH) finally takes a breather on the exchange with the price halting the one week price rally. The stock reached a high of $3.980 yesterday, from where it has now taken a U-turn. OSH is currently witnessing a session of con.....
AGL Energy (ASX:AGL) Beefs up Battery Plan to Increase Grid Reliability Across NEM
November 17, 2020 02:50 PM AEDT| By Team Kalkine MediaAGL Energy Limited (ASX:AGL) has unveiled plans to develop a giant grid-scale battery in Adelaide, South Australia. The grid-scale battery would compete with fossil fuels to support renewable source generation from solar and wind. The announcement .....
ADX Energy Extends Hedge Book to Counter Oil Market Volatility
November 16, 2020 01:45 PM AEDT| By Hina ChowdharyADX Energy Limited (ASX:ADX) extended the hedging position for the Austrian production in 2021 on behalf of ADX VIE GmbH – a wholly-owned subsidiary. The Company has inked further hedging transactions with the global oil trading giant &ndash.....
ASX-Listed Oil & Gas Stocks Climb the Price Ladder As Oil Market sees an Undercurrent of Shift
November 10, 2020 02:50 PM AEDT| By Kunal SawhneyASX-listed oil & gas stocks are gaining momentum over the changing dynamics on the international front with the S&P/ASX 200 Energy index gaining smartly from the levels of 6,262.90 (intraday low on 2 November 2020) to the present high of 7,.....
Elixir Energy (ASX:EXR) Shares Zoom up on ASX, What Are Chartists Looking At?
November 05, 2020 02:04 PM AEDT| By Team Kalkine MediaElixir Energy Limited (ASX:EXR) opens gap-up on the exchange on 5 November 2020 followed by a ~ 13.04 per cent surge (12:18 PM AEDT) against its previous close on ASX. The Company disclosed price-sensitive information on 5 November 2020 that now s.....
Origin Energy Ready to Embrace Soft Gas Markets? Quarterly Earnings and Market Scenario Discussed
November 05, 2020 01:31 PM AEDT| By Team Kalkine MediaOrigin Energy Limited (ASX:ORG) trims drilling activities at its Queensland LNG plant over the soft gas market and changing commercial landscape across the continent. The energy explorer, producer, and retailer recently reported its quarterly earn.....
Overnight spurt in Crude Oil Prices Pushes S&P/ASX 200 Energy shares, BPT Acquires Cooper Basin From Senex
November 03, 2020 01:50 PM AEDT| By Team Kalkine MediaASX-listed oil stocks are gaining momentum after crude oil prices spiked in the international market during the evening trading session on 2 November 2020. The Brent crude oil futures surged from its intraday low of USD 36.04 a barrel to settle ne.....
ASX300 Senex Energy strikes a gas deal with Gladstone
September 23, 2020 09:52 PM AEST| By Team Kalkine MediaSenex Energy Ltd (ASX: SXY) has announced a gas sales agreement (GSA) with Southern Oil Refining’s Northern Oil Refinery near Gladstone. Senex Energy will supply the gas from its Project Atlas in Surat Basin. Project Atlas is the first acreag.....
Saudi and Russia go stern on OPEC+ laggards, Look at ASX Oil players
September 20, 2020 12:26 AM AEST| By Team Kalkine MediaOn 17 September 2020, OPEC and its allies reinforced the need to meet the production cut compliance as crude oil continues to be under pressure. The group intends to reduce the volatility in the International crude market. Further, the group is cl.....
US stockpiles Dry up, a big boost for oil prices. Is oil headed higher from here?
September 18, 2020 05:57 PM AEST| 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.....
Large Discoveries Confirmed at 88 Energy’s Charlie-1 Well, Near Term Drilling of Billion Barrel Plus Prospect on Newly Acquired Acreage
September 11, 2020 11:22 AM AEST| By Team Kalkine MediaSummary 88 Energy Limited has reported continued and significant progress across its project portfolio during 2020. Large oil discoveries were confirmed in the Seabee formation as well as a condensate discovery in the Torok formation at the Cha.....
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