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Oil gas
Helium One Advances Drilling Preparations at Galactica Project in Colorado
December 23, 2024 10:07 AM GMT| By Team Kalkine MediaHighlights:,Drilling Scheduled for January 2025:,Helium One will begin drilling at Jackson #31, with operations at Jackson #04 to follow.,Site Preparations Underway:,Access roads and well pads are being constructed at the Galactica Project.,50% Stake...
Zephyr Energy Secures Rig Contract for Paradox Basin Extended Lateral Well
December 23, 2024 10:07 AM GMT| By Team Kalkine MediaHighlights:,Rig Secured for Key Well:,Zephyr Energy PLC (LSE:ZPHR) contracts Nabors Drilling USA's B29 rig for its Paradox Basin project in Utah.,Significant Oil Recovery Potential:,The extended lateral well targets 5,500 additional feet of the Cane...
Helium One Global Announces Drilling Update for Galactica-Pegasus Project
December 23, 2024 08:15 AM GMT| By Team Kalkine MediaHighlights,Drilling Set to Begin:,Drilling at Jackson #31 to commence in January 2025, followed by Jackson #04.,Progress on Site Preparation:,Work begins on site access and well pads for upcoming wells.,Expansion Plans:,Three additional approved well...
Petrofac Enters Binding Agreement for Major Restructuring
December 23, 2024 08:12 AM GMT| By Team Kalkine MediaHighlights,Comprehensive Restructuring:,Petrofac enters a binding agreement for a restructuring plan, including $325 million in new funding and $772 million of debt-to-equity conversion.,Strategic Debt Reduction:,The restructuring will significantly...
Hummingbird Resources Updates on Kouroussa and Yanfolila Operations, Lowers Production Guidance
December 23, 2024 08:04 AM GMT| By Team Kalkine MediaHighlights,Kouroussa Gold Mine:,Struggles to meet production forecasts, with $11.2 million less revenue expected in December.,Yanfolila Gold Mine:,Continues to face losses and challenges with an aging mining fleet, overdue creditor payments, and pend...
Zephyr Energy Secures Rig Contract for Paradox Basin Extended Lateral Drilling
December 23, 2024 08:03 AM GMT| By Team Kalkine MediaHighlights,Rig Contract:,Zephyr Energy has signed a contract with Nabors Drilling USA to use its B29 rig for drilling an extended lateral from the State 36-2 LNW-CC-R well in the Paradox Basin.,Drilling Schedule:,Drilling is expected to begin in Janu...
Mendell Helium Provides Update on M3 Helium Operations in Kansas
December 23, 2024 07:53 AM GMT| By Team Kalkine MediaHighlights,Nilson well production has increased to 127 Mcf/day.,Preliminary funding interest has been received from local oil & gas companies.,Deferred payment terms have been offered by the fracking contractor.,Mendell Helium (LSE:MDH) has provided...
Indus Gas Reports Fall in Revenue, PBT and operating Profit in Six-Month Period Ending 30 September 2024
December 20, 2024 08:55 AM GMT| By Team Kalkine MediaHighlights:,Revenue Decline:,Indus Gas reports a significant drop in revenues, operating profit, and profit before tax for the interim period.,Gas Supply Disruption:,Ongoing maintenance at the ultimate customer’s power plant continues to affect gas s...
ITM Power Secures Key Role in 50MW Green Hydrogen Project in Europe
December 20, 2024 08:21 AM GMT| By Team Kalkine MediaHighlights:,Major Green Hydrogen Project:,ITM Power awarded a FEED contract for a 50MW green hydrogen plant in the EU, set to produce 5,000 tonnes of hydrogen annually by 2027.,Innovative NEPTUNE V Technology:,The plant will deploy ITM Power’s NEPTUN...
Mosman Oil and Gas Secures Tribal Approval for Colorado Helium Exploration Project
December 19, 2024 10:22 AM GMT| By Team Kalkine MediaHighlights:,Mosman Oil and Gas secures Tribal Council approval to lease 4,320 acres in Colorado’s Four Corners region for helium exploration.,The agreement includes a three-year lease with plans to finalize environmental compliance by January 2025.,C...
John Wood Group Secures Major Contract for Sustainable Fuel Production in Southeast Europe
December 19, 2024 10:02 AM GMT| By Team Kalkine MediaHighlights:,John Wood Group awarded engineering, procurement, and construction management (EPCm) contract for OMV Petrom's Petrobrazi refinery upgrade in Romania.,The project will establish the region's first major sustainable aviation fuel (SAF) and...
Zenith Energy Reports Revenue Decline in 1H2024 Due to Lower Oil Production and Sales in Tunisia
December 19, 2024 07:42 AM GMT| By Team Kalkine MediaHighlights,Revenue Decline:,Zenith Energy reported revenues of CAD$911k for the six months ended September 30, 2024, a decrease from CAD$1,362k in 2023.,Oil Production Decline:,The Company produced 1,471 barrels of oil from its Tunisian assets, down...
Quadrise Advances Clean Fuel Solutions with Panama Power Plant Trial
December 16, 2024 03:36 PM GMT| By Team Kalkine MediaHighlights:,Fuel Testing Initiative:,Quadrise to test its MSAR® and bioMSAR™ fuels at Sparkle Power's El Giral 50MW power plant in Panama.,Environmental and Economic Goals:,The trial aims to showcase cost savings and emissions reductions compared to...
Helium One Delays Drilling at Galactica-Pegasus Project Amid Severe Weather
December 13, 2024 10:48 AM GMT| By Team Kalkine MediaHighlights:,Drilling suspended due to severe weather:,Adverse conditions at Colorado’s Galactica-Pegasus site delay operations until mid-January.,No impact on overall timeline:,Helium One confirms the project remains on track for first-half 2025 prod...
Touchstone Exploration Inc. (TSX, LSE: TXP) Announces Acquisition of Shell Trinidad Central Block
December 13, 2024 07:43 AM GMT| By Team Kalkine MediaHighlights,Touchstone secures acquisition of Shell Trinidad Central Block assets for $23 million.,Acquisition offers access to Atlantic LNG and increased production capacity.,Strategic infrastructure, infill opportunities, and gas sales contracts enh...
Helix Exploration Announces Significant Helium Discovery at Rudyard Project
December 12, 2024 11:26 AM GMT| By Team Kalkine MediaHighlights:,Helix Exploration’s Darwin #1 well at Rudyard logs commercial helium flow rates of 2,750 Mcf/d.,The project’s low capital requirements position it for rapid advancement into production.,Helix aims to commence cash-generating operations be...
Sunda Energy Advances Timor-Leste Gas Development with Government Collaboration
December 12, 2024 11:26 AM GMT| By Team Kalkine MediaHighlights:,Sunda Energy signs a Memorandum of Understanding with Timor-Leste for potential development of Chuditch gas resources.,Plans include pipeline export to Bayu Undan and LNG processing on Timor-Leste’s south coast.,Feasibility studies and ap...
Centrica Provides Update on 2024 Performance and Announces Share Buyback Extension
December 10, 2024 08:04 AM GMT| By Team Kalkine MediaHighlights,Centrica expects 2024 full-year earnings per share in line with analyst consensus.,The company announces a £300 million extension to its share buyback program.,Solid operating performance across its portfolio, including the extension of th...
Pantheon Resources plc (AIM: PANR, OTCQX: PTHRF) Announces Megrez-1 Well Discovery in Ahpun Field, Alaska
December 10, 2024 07:45 AM GMT| By Team Kalkine MediaHighlights,Megrez-1 well hits a large light liquids hydrocarbon column in Ahpun field, Alaska.,Operations completed on time and within budget, with comprehensive log and core data gathered.,Long-term production testing is planned for early 2025.,Pant...
Pantheon Resources Reports Significant Progress Across Key Alaska Oil and Gas Projects
December 09, 2024 10:47 AM GMT| By Team Kalkine MediaHighlights,Pantheon Resources confirms contingent resources of 1.6 billion barrels of ANS crude and 6.6 trillion cubic feet of natural gas.,The Megrez-1 well programme has the potential to expand the resource base by approximately 40%.,A gas sales ag...
