Latest Energy News

Horizon Oil has successfully completed the WM29 well and commenced drilling WM30 in the Mereenie Development Program, aiming to boost gas production and meet new Northern Territory gas sales commitments.

Condor Energy announces a substantial 147% increase in contingent gas resources at its Piedra Redonda offshore field in Peru, now estimated at 1 trillion cubic feet (2C). This upgrade positions Piedra Redonda as one of South America's largest undeveloped gas discoveries, expanding commercial and exploration prospects.

Basin Energy has completed its acquisition of a promising uranium and green energy metals portfolio in Scandinavia, marking a significant expansion into a historically overlooked region. The move positions the company to leverage emerging opportunities in the Nordic green energy sector.

D3 Energy’s recent production test at Nooitgedacht Major reveals promising helium and natural gas flow rates, confirming a new northern production area within the ER315 permit.

Resources & Energy Group Ltd (REZ) has clarified recent trading activity in its shares, attributing the surge to a significant rise in gold prices rather than undisclosed information. The company remains focused on its Maranoa gold recovery program, with further results pending.

Echelon Resources has agreed to acquire full ownership and operatorship of the EP145 exploration permit in the Northern Territory’s Amadeus Basin, aiming to unlock a discovered gas resource with modern technology.

Elixir Energy has secured an independent certification for a maiden contingent resource of 245 billion cubic feet of deep dry coal gas, lifting its Grandis Gas Project’s recoverable resources by 17%. This milestone underscores the significant untapped potential within the Taroom Trough’s deep coal formations.

ADX Energy has suspended testing at its Welchau-1 gas well in Upper Austria following a landmark Austrian Constitutional Court ruling that repealed a legal provision preventing environmental objections from halting operations. This development introduces regulatory uncertainty amid ongoing evaluation of the well’s potential.

TMK Energy has successfully initiated gas flows from three new pilot wells at its Gurvantes XXXV Project, doubling total field production and advancing toward critical desorption pressures expected by mid-2025.

Viva Energy's Geelong Refinery experienced an unscheduled shutdown due to a power outage caused by a lightning storm. Restart efforts are underway, with normal operations expected to resume within two weeks.

Renergen has confirmed ongoing LNG production and helium liquefaction at its Phase 1 plant, addressing recent share price volatility and outlining plans to boost capacity through additional wells.

Invictus Energy has successfully renewed its SG 4571 licence in Zimbabwe’s Cabora Bassa Basin for an additional three years, enabling continued exploration and development at the Mukuyu gas discovery.