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Energy
BP Warns of Profit Decline Amid Lower Refining Margins and Weak Oil Trading
October 11, 2024 10:00 AM AEDT| By Team Kalkine MediaHighlights:,Profit Impact,: BP expects a $400-600 million hit to its operating profit due to lower refining margins.,Production Outlook,: Upstream production is forecasted to remain stable despite market challenges.,Debt and Delays,: Net debt is expe...
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EQTEC (LSE:EQT) records tenfold increase in revenue in 1HFY24. What are further plans?
September 26, 2024 04:31 PM AEST| By Team Kalkine MediaEQTEC plc (LSE:EQT), a global leader in waste-to-energy technology, has announced its unaudited interim results for the six months ending June 30, 2024. The company, which focuses on transforming waste into hydrogen, biofuels, and energy, reported si...
Zephyr Energy CEO on Successful State 36-2R Well Test Results
September 06, 2024 04:43 PM AEST| By Team Kalkine MediaZephyr Energy PLC (,LSE:ZPHR,) CEO Colin Harrington recently provided an update on the State 36-2R LNW-CC well at the company’s flagship project in the Paradox Basin, Utah. The completion of the second phase of the production test marks a significant...
88 Energy Drops Major Update on Global Projects
September 02, 2024 09:05 PM AEST| By Team Kalkine Media88 Energy Ltd, a player in the,oil and gas sector,, provided an update on its projects in Alaska, Texas, and Namibia in its half-year financial report. The company emphasized that Project Phoenix in Alaska remains a primary focus.,Alaska: Progress on...
Prospex Acquires 7.5% Stake in Viura Gas Field
August 28, 2024 01:06 AM AEST| By Team Kalkine MediaProspex Energy,(LSE:PXEN),, a company specializing in European gas and power projects, announced the completion of a 7.5% acquisition in Heyco Energy Iberia (HEI) on Tuesday. HEI, which owns the majority stake in the Viura gas field in northern Spain...
Trinity Hits Pause on Takeover Scheme Document Release
August 24, 2024 01:14 AM AEST| By Team Kalkine MediaTrinity Exploration & Production,(LSE:TRIN),has announced a delay in the publication of the scheme document related to its recommended cash acquisition by Lease Operators. This acquisition, initially unveiled on August 2, will see Lease Operators acq...
Sound Energy Secures Bridge Financing Ahead of SEME Sale Completion
August 24, 2024 12:11 AM AEST| By Team Kalkine MediaSound Energy,(LSE:SOU),has secured a bridge financing facility agreement for up to £1.5 million, as announced on Friday. This short-term financial arrangement, facilitated by Lyndisfarne Partners and provided by a high-net-worth individual operating...
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UK Household Energy Bills Set to Increase by 10% in October
August 23, 2024 09:00 AM AEST| By Team Kalkine MediaUK household energy bills are set to increase by £149 starting in October, according to the latest price cap set by industry regulator Ofgem. For households consuming an average amount of gas and electricity, the annual bill will rise to £1,717. This...
Energy Prices Expected to Rise by 9% Ahead of Winter
August 22, 2024 09:00 AM AEST| By Team Kalkine MediaEnergy prices in the UK are poised to rise by 9% starting in October, as the country braces for the colder winter months. Ofgem is set to announce the updated energy price cap on Friday.,Cornwall Insight analysts predict that the cap will increase fr...
Citi Highlights BP’s Hidden Value with 7-Eleven Bid
August 22, 2024 09:00 AM AEST| By Team Kalkine MediaBP PLC,(LSE: BP),might see an unexpected boost in its value due to recent developments in the takeover battle for Japanese retail giant Seven & I, according to analysis from US bank Citi.,Canadian firm Alimentation Couche-Tard, known for its Circle K...
Touchstone Exploration Remains Committed to Trinity Bid
August 21, 2024 09:07 PM AEST| By Team Kalkine MediaTouchstone Exploration Inc,(LSE:TXP),has reaffirmed its decision to proceed with its offer to acquire Trinity Exploration & Production PLC, stating that the bid is final and will not be increased.,In a statement, Chief Executive Paul Baay affirmed th...
Thor Energy Secures Drilling Permits for Colorado Projects
August 12, 2024 08:26 PM AEST| By Team Kalkine MediaThor Energy PLC (LSE: THR) has announced that it has secured all necessary approvals for drilling at its Wedding Bell and Radium Mountain Projects in southwest Colorado, USA. This marks a significant step forward for the company’s exploration efforts...
Electrica Group Reports Q2 2024 Operational Data Ahead of Final Results
August 12, 2024 05:08 PM AEST| By Team Kalkine MediaElectrica Group (LSE: ELSA) has released its preliminary operational indicators for the second quarter of 2024. The detailed consolidated financial results for the six months ending 30 June 2024 will be available on 27 August 2024. The preliminary da...
Bowleven Plans Delisting from AIM Due to Project Setbacks
August 09, 2024 09:35 PM AEST| By Team Kalkine MediaBowleven PLC (LSE: BLVN), a UK-based oil and gas company with a focus on Africa, has announced its intention to delist from the AIM market and re-register as a private company. This decision follows stalled progress on its key project in Cameroon, wh...
New Sensor Development Agreement for Tan Delta Systems
August 09, 2024 06:08 PM AEST| By Team Kalkine MediaTan Delta Systems PLC (LSE: TAND), recognized for its intelligent monitoring and maintenance systems for commercial and industrial equipment, has announced a new product development agreement with a global engine OEM. This non-exclusive agreement inv...
PetroTal Corp Sees Lower Q2 Earnings but Increases Annual Production and EBITDA Outlook
August 09, 2024 05:31 PM AEST| By Team Kalkine MediaOn Thursday, PetroTal Corp (LSE: PTAL) disclosed its financial performance for the second quarter, revealing a weaker earnings report compared to the previous year. For the three months ending June 30, the Calgary-based oil and gas company, which ope...
Harbour Energy Reports Financial Turnaround and Raises Production Guidance
August 09, 2024 05:12 PM AEST| By Team Kalkine MediaHarbour Energy (LSE: HBR) has announced a return to profitability for the six months ending June 30, reversing the loss experienced during the same period last year. The company reported a profit after tax of £44.9 million, compared to a loss of £8 m...
Centrica Initiates £200 Million Share Buyback Program
August 08, 2024 07:48 PM AEST| By Team Kalkine MediaCentrica PLC (LSE: CNA), the Windsor-based energy provider, has launched a new £200 million share buyback initiative, set to commence on Thursday and conclude by the end of February. This move follows the company's recent half-year results announceme...
Savannah Energy’s Petronas Acquisition Deal Ends
August 08, 2024 05:03 PM AEST| By Team Kalkine MediaSavannah Energy’s Petronas Acquisition Deal Ends,Savannah Energy PLC (LSE: SAVE), an energy company with a focus on projects in Africa, has announced the termination of its planned acquisition of Petronas's oil and gas business in South Sudan. Despit...
Zephyr Energy's Major Growth from Paradox Project and Helium Ventures
August 07, 2024 11:46 PM AEST| By Team Kalkine MediaZephyr Energy PLC,,,operating in the,Oil & Gas sector,, is making notable strides in its transformation, particularly through its Paradox project in Utah. The company’s recent developments highlight a significant shift in its operational scale and fu...
AI on the Rise: A Look at Top AI Companies and Their Stocks