Latest Energy News

Bass Oil delivered a stronger October, with group production up 28% to 13,146 barrels and revenue rising 8.3% to A$1.83 million. Bunian 6 is exceeding expectations, while Vanessa remains on track for first gas sales by year end, subject to approvals and remaining site work.

Tamboran Resources has recorded the first gas sales from the Beetaloo Basin, delivering 0.31 Bcf and US$1.8 million during the September quarter. Stronger Shenandoah South well results mark genuine operational progress, but commissioning-stage accounting, continuing losses and future funding needs keep the milestone provisional.

HyTerra has secured an 18-month exclusive MOU to evaluate a 256 km² natural hydrogen opportunity in Ras Al Khaimah, UAE. The arrangement expands its Semail Ophiolite exposure, but does not yet provide exploration tenure, require drilling or guarantee a commercial agreement.

HyTerra will abandon its 16.03% earn-in interest in Nebraska, crystallising an expected A$7.5 million non-cash impairment while avoiding US$17.33 million in remaining funding commitments. The company is redirecting technical work and capital towards its wholly owned Kansas Rift Play, with drilling deferred until target-ranking work is complete.

NRG Energy delivered a sharp third-quarter earnings lift while agreeing to sell 4.9 GW of natural-gas generation assets to LS Power for US$4 billion. The proceeds are earmarked for heavier share buybacks, debt reduction and potential growth investment, although the transaction still requires regulatory approval.

Top End Energy reported a $12.1 million FY2026 loss after writing down $9.29 million of exploration assets, while cash fell to $1.01 million. The company remains suspended from ASX quotation and says its ability to continue depends on additional funding and reinstatement.

TMK Energy’s Gurvantes XXXV pilot delivered record October gas production as its two-rig work program got underway in Mongolia. The regulator has accepted the gas discovery declaration, but a Gas to Power investment decision has been pushed into 2027.

Botala Energy has completed its A$1.35 million placement and is seeking up to a further A$1.5 million from existing shareholders at A$0.045 a share. The funds are earmarked for flow testing and production activities at the Pitse Pilot, exploration drilling and working capital.

Vistra has completed its acquisition of Cogentrix Energy, adding 10 natural gas facilities and nearly 5,500 megawatts of generation capacity across three major US power markets. The deal carries approximately US$2.2 billion in cash consideration, US$1.7 billion of assumed debt and 5 million newly issued Vistra shares.

AXP Energy received applications for $262,214 in its 1-for-1 entitlement offer, far below the $1.2 million minimum subscription. A separate shortfall offer remains open until 3 February 2027, leaving the final capital raised unresolved.

Top End Energy has abandoned its proposed US AI data centre venture after receiving an unfavourable ASX response, leaving its shares suspended until the company disposes of its PowerPlay interest. The company is refocusing on Northern Territory exploration, but key permit approvals and the timing of any ASX reinstatement remain unresolved.

Texas Pacific Land delivered its strongest quarter on record, with US$273.4 million in revenue, US$167.4 million in GAAP net income and US$170.3 million in free cash flow. The Permian Basin landowner is also pushing deeper into water infrastructure, data centres and power generation, though those newer ambitions remain largely unquantified.