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Australian energy stocks decline amidst global uncertainty
April 10, 2024 11:57 AM AEST| By Team Kalkine MediaAustralian energy stocks experienced a notable decline on Wednesday (10 April 2024), plummeting by as much as 0.6%. This downward trend marked their lowest level since March 28, reflecting ongoing concerns within the sector. The sub-index has now fal...
Beach Energy (ASX: BPT) shares drop on increase in cost estimation for Waitsia Stage 2 project
April 08, 2024 05:31 PM AEST| By Team Kalkine MediaBeach Energy Ltd (,ASX: BPT,) shares witnessed a sharp decline on Monday, plunging as much as 15.04% to AU$1.61 apiece, marking their steepest intraday drop since April 2021. This significant downturn comes as the oil and gas explorer faces setbacks...
Geopolitical unrest boosts Australian energy stocks to multi-month highs
April 03, 2024 04:55 PM AEDT| By Team Kalkine MediaAustralian energy stocks, represented by the XEJ sub-index, have surged by as much as 0.055%, reaching their highest level since February 9. This upward momentum positions the sub-index for its sixth consecutive session of gains if the current trend...
Increase in crude price drives Australian energy index, up 1.3%
April 02, 2024 12:10 PM AEDT| By Team Kalkine MediaAustralian energy stocks surged by as much as 1.3%, reaching their peak levels since February 9. The sub-index marked its fifth consecutive session of extending gains.,This upward trajectory in energy stocks followed a 1% increase in crude prices, dr...
Paladin Energy (ASX: PDN) share price surges as production commences at Langer Heinrich Mine
April 02, 2024 11:38 AM AEDT| By Team Kalkine MediaPaladin Energy Ltd (,ASX: PDN,) has kicked off the shortened trading week with an impressive start, as its share price climbs by a notable 5.11% to AU$1.44 apiece in morning trade on 2 April 2024. This surge stands out amidst a relatively flat perfor...
Beach Energy (ASX: BPT) implements workforce reduction as part of strategic review
March 28, 2024 06:09 PM AEDT| By Team Kalkine MediaAustralian oil and gas producer Beach Energy (,ASX: BPT,) unveiled plans on Thursday to reduce its workforce by 30% as a pivotal component of its strategic review aimed at enhancing efficiency and curbing operational costs.,The decision comes after t...
Woodside Energy (ASX: WDS) concludes sale of 10% interest in Scarborough JV for AU$910M
March 26, 2024 05:17 PM AEDT| By Team Kalkine MediaWoodside Energy (,ASX: WDS,), a significant player in the oil and gas industry, has finalised the sale of a 10% non-operating participating interest in the Scarborough joint venture to LJ Scarborough. This move comes as part of Woodside's strategic i...
What’s driving ASX energy index on Tuesday?
March 26, 2024 12:25 PM AEDT| By Team Kalkine MediaAustralian energy stocks surged is climbing as much as 1.39% on Tuesday morning to reach its peak since February 16. This increase came on the heels of oil prices settling higher on Monday, driven by a combination of factors. Orders from the Russian...
Australian technology index up 1.47% on Monday. Here’s why.
March 25, 2024 12:46 PM AEDT| By Team Kalkine MediaThe Australian technology sub-index surged by up to 1.47%, reaching its peak level since November 22, 2021. This upward movement was propelled by gains observed in its counterpart on Wall Street.,Leading tech giants within the Australian market, such...
ASX energy stocks dropped on Friday as oil prices plummet
March 22, 2024 04:33 PM AEDT| By Team Kalkine MediaAustralian energy stocks experienced a notable decline, dropping by as much as 1.30% during intra-day trading. This decline marks the largest intra-day loss observed since March 11. The downturn in energy stocks can be attributed to several key facto...
Why are Ampol (ASX: ALD) shares in spotlight today?
March 21, 2024 06:55 PM AEDT| By Team Kalkine MediaAmpol Ltd (,ASX: ALD,) is making waves in the energy sector as it continues to achieve new milestones. Amidst a positive day for the S&P/ASX 200 Index and various ASX 200 shares, Ampol stands out by reaching a fresh all-time high.,The S&P/ASX 200 Ind...
Shares of Strike Energy (ASX: STX) jump following gas transportation agreement
March 12, 2024 04:24 PM AEDT| By Team Kalkine MediaIn a remarkable turn of events, shares of Strike Energy (,ASX: STX,) soared by as much as 7.14% to AU$0.22 apiece on 12 Mrach 2024. This surge catapulted the company's stock to its highest level since February 23, sparking excitement among investors...
Why Australian Energy Stocks Fell Today?
March 11, 2024 05:46 PM AEDT| By Team Kalkine MediaInvestors are closely monitoring the recent downturn in Australian energy stocks (INDEXASX: XEJ), marked by a 2.07% fall, reaching their lowest levels since Dec. 13. This article provides an overview of the market dynamics influencing this decline an...
Japan's Electric Power Giant J-Power Makes a Splash with a Bid for Genex Power (ASX: GNX)
March 04, 2024 02:04 PM AEDT| By Team Kalkine MediaJapan's Electric Power Development, also known as J-Power, is making headlines as it lodged a substantial AU$380.9 million ($248.69 million) bid for the Australian renewable energy firm Genex Power (,ASX: GNX,). This move reflects Japan's growing app...
Ampol (ASX: ALD) Share Price Dive on Friday: Unpacking the Underperformance
March 01, 2024 11:35 AM AEDT| By Team Kalkine MediaThe Ampol Ltd (ASX: ALD) share price is undergoing a significant dip today, sparking concerns among investors. In this article, we'll delve into the details surrounding this market development, exploring the factors contributing to the underperforman...
Woodside Energy (ASX: WDS) Projects 50% Surge in LNG Consumption Anticipated
February 28, 2024 01:44 PM AEDT| By Team Kalkine MediaIn a recent interview, CEO Meg O'Neill shared Woodside Energy Group Ltd.'s (,ASX: WDS,) optimistic forecast, anticipating a remarkable 50% surge in liquefied natural gas (LNG) consumption over the next decade. This projection positions Woodside as a...
Woodside Energy (ASX: WDS) inks US$1.4B to divest its Scarborough LNG project to Jera
February 26, 2024 06:57 PM AEDT| By Team Kalkine MediaWoodside Energy Group Ltd (,ASX: WDS,) has entered into a substantial agreement, worth a staggering US $1.4 billion, to divest a 15.1% interest in its flagship Scarborough liquefied natural gas (LNG) project to Jera Co, Japan's preeminent power produ...
Woodside Energy Group (ASX: WDS) Strikes a AU$1.4 Billion Deal
February 23, 2024 06:18 PM AEDT| By Team Kalkine MediaIn a groundbreaking move, Woodside Energy Group (,ASX: WDS,) has entered into a monumental deal, selling a 15.1% stake in its flagship Scarborough liquefied natural gas (LNG) project to Jera Co., Japan's largest power producer. This AU$1.4-billion ag...
APA’s (ASX: APA) profit surges in recent half, driven by acquisition of Alinta Energy Pilbara
February 22, 2024 11:39 AM AEDT| By Team Kalkine MediaThe energy sector witnessed a significant milestone as APA Group (,ASX: APA,) reported a remarkable surge in its half-year net profit, showcasing early benefits from its strategic acquisition of Alinta Energy Pilbara. This article delves into the fin...
Santos (ASX: STO) faces 42% fall in underlying profit amidst challenges in international energy market
February 21, 2024 06:28 PM AEDT| By Team Kalkine MediaIn a recent revelation, Australian oil and gas producer Santos (ASX: STO) disclosed a significant 42% drop in its annual underlying profit. This downturn is attributed to the persistent weakness in commodity prices, primarily influenced by the fluctu...
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