Energy

Parkmead Group Sells E&P Subsidiary in Strategic £14 Million Transaction
December 12, 2024 10:26 PM AEDT| By Team Kalkine MediaHighlights:,Parkmead Group agrees to sell its subsidiary Parkmead (E&P) to Serica Energy in a £14 million deal.,The transaction retains Parkmead’s revenue-generating assets, including Dutch gas fields and a UK wind farm.,The deal includes upfront pay...

Ofgem Proposes Tariff Overhaul to Address Controversial Standing Charges
December 12, 2024 10:26 PM AEDT| By Team Kalkine MediaHighlights:,Ofgem plans to introduce tariffs without standing charges by next winter.,Standing charges, which have risen 43% since 2019, have faced widespread criticism.,New options aim to balance fairness while maintaining grid infrastructure costs....

Seplat Energy (LSE:SEPLAT) Completes Acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil
December 12, 2024 06:15 PM AEDT| By Team Kalkine MediaHighlights,Seplat Energy acquires MPNU, more than doubling production and reserves.,Strategic deal adds 409 MMboe 2P reserves and 670 MMboe 2P + 2C reserves.,CEO Roger Brown highlights commitment to increasing oil and gas production while reducing co...

DCC plc (LON:DCC) Experiences Decline in Stock Price Amid Increased Trading Activity
December 12, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights,DCC plc (DCC) sees a 1.8% drop in stock price during mid-day trading.,The company experiences a sharp increase in trading volume, up 78% from its average.,Despite a dividend declaration, DCC’s stock continues to show volatility in the mark...

Kainos Group Welcomes Former CEO Brendan Mooney Back Amidst Leadership Shift
December 11, 2024 10:26 PM AEDT| By Team Kalkine MediaHighlights:,Brendan Mooney reappointed as CEO to replace Russell Sloan, effective immediately.,Leadership change follows profit warnings linked to public sector client delays.,Mooney highlights "significant growth opportunities" for Kainos moving for...

Georgina Energy Advances Helium Exploration with Progress on Mt Winter Permit
December 11, 2024 08:23 PM AEDT| By Team Kalkine MediaHighlights:,Georgina Energy progresses towards securing the EPA155 exploration permit in Australia's Northern Territory.,A farm-in agreement grants Georgina an initial 75% stake in the Mt Winter project area.,Preparations for seismic analysis and sit...

EnQuest (LON:ENQ) Rises 0.9% Amid Higher Trading Volume
December 10, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights,Stock gains 0.9%,EnQuest plc (LON:ENQ) saw a modest rise in its stock price during Monday’s trading session.,Trading volume increases,91 million shares were exchanged, surpassing the average daily volume by 8%.,Key operations in focus,EnQu...

Thor Energy Extends Uranium Mineralisation at Groundhog Prospect, Colorado
December 09, 2024 09:47 PM AEDT| By Team Kalkine MediaHighlights,Drilling at Groundhog Prospect uncovers new shallow uranium grades, expanding the mineralised footprint.,Nine Reverse Circulation (RC) holes drilled, with notable grades of 0.16% and 0.11% uranium identified.,Heavy snow halts operations, w...

Hydrogen Utopia Reports €450,000 THC Medical Cannabis Sale and Strategic Management Overhaul
December 09, 2024 09:47 PM AEDT| By Team Kalkine MediaHighlights,Ohrid Organics, Hydrogen Utopia's Macedonian investment, achieves a €450,000 sale of THC medical cannabis.,Plans for expansion include increasing greenhouse capacity from six to 37 across a licensed 20,000 square meters.,Management restruc...

NWF Group's (LON:NWF) Stock Surge
December 09, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlight,NWF Group (LON:NWF) saw a 4.1% increase in stock value in the past month.,The company's Return on Equity (ROE) stands at 11%, outperforming the industry average of 7.5%.,Despite recent earnings growth, analyst forecasts indicate a slowdown...

SDX Energy Announces AIM Delisting as Shares Plunge
December 06, 2024 10:06 PM AEDT| By Team Kalkine MediaHighlights,SDX Energy plans to delist from AIM, transitioning to private company status.,The decision is aimed at reducing costs and regulatory burdens associated with public listing.,Shares fell by over 60%, trading at 0.75p following the announceme...

PetroTal (LON:PTAL) Shares Decline Amid Lower Trading Volume
December 06, 2024 09:42 PM AEDT| By Team Kalkine MediaHighlights,8% drop in share price,PetroTal (LON:PTAL) experienced a dip in its stock, closing at GBX 34.50.,Significant reduction in trading volume,Only 116,758 shares traded, far below the daily average of 564,328.,Market cap holds steady,PetroTal’s...

Jadestone Energy (LON:JSE) Analyzing Recent Share Performance
December 05, 2024 06:39 PM AEDT| By Team Kalkine MediaHighlights,Jadestone Energy (JSE) saw a 1% increase in share price during recent trading.,Insider activity included the purchase of 443,100 shares, reflecting confidence in the company.,The company holds substantial oil and gas assets in the Asia Pac...

Kosmos Energy Ltd. (LON:KOS) Faces Minor Decline Key Factors to Watch
December 04, 2024 10:56 PM AEDT| By Team Kalkine MediaHighlights,Kosmos Energy Ltd. (LON:KOS) saw a 0.3% drop in share price on Tuesday.,The trading volume decreased by 30%, signaling reduced market activity.,The company operates in the oil and gas sector, with assets in offshore Africa and the U.S. Gul...

Thames Water Faces Potential Rescue Package Amid Financial Uncertainty
December 04, 2024 01:42 AM AEDT| By Team Kalkine MediaHighlights,A £4 billion rescue package has been proposed to stabilize Thames Water's finances.,Thames Water risks renationalisation if its £16 billion debt cannot be restructured.,Regulatory decisions on customer charges and equity investments are pe...

Genel Energy Faces Setback as Tribunal Rules in Favor of Kurdistan Regional Government
December 04, 2024 12:08 AM AEDT| By Team Kalkine MediaHighlights:,Arbitration Ruling:,The London Court of International Arbitration ruled in favor of the Kurdistan Regional Government (KRG), confirming its right to terminate Genel Energy’s Bina Bawi and Miran production sharing contracts (PSCs).,Counter...

Arrow Exploration Corp (LSE:AXL): Scaling Production and Unlocking Potential in Colombia
December 03, 2024 10:37 PM AEDT| By Team Kalkine MediaHighlights:,Delivered a record quarter with substantial growth in production and revenue.,Successfully drilled multiple high-impact wells in the Carrizales Norte field.,Achieved significant milestone with net corporate production at 5,500 boe/d.,Arro...

Georgina Energy Advances Hussar Project with Successful Site Survey Completion
December 02, 2024 10:57 PM AEDT| By Team Kalkine MediaHighlights:,Successful Preliminary Site Visit:,Georgina Energy completed a thorough site survey at the Hussar project, achieving all objectives.,Infrastructure in Good Condition:,Assessments confirmed access roads, airstrip, and water facilities rema...

Aura Energy’s Uranium Project Advances Toward Production Stage
November 27, 2024 08:06 PM AEDT| By Team Kalkine MediaHighlights:,Aura Energy confirmed that all resolutions at its Annual General Meeting (AGM) were passed by shareholders.,The company made significant progress on the Tiris Uranium Project, including an updated FEED study and a 55% increase in global m...

Contango Holdings Seeks Trading Resumption After Posting Results
November 23, 2024 05:21 AM AEDT| By Team Kalkine MediaHighlights:,Contango Holdings Plc announces its audited financial results for the fiscal year ending May 31, 2024.,The company has requested the Financial Conduct Authority (FCA) to lift the suspension on its shares.,Significant progress has been mad...
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