Latest Energy News

D3 Energy has begun drilling the first of two wells at its Nooitgedacht site in South Africa’s ER315 permit, aiming to boost helium reserves and support production right conversions.

Genesis Energy reported an 11.6% increase in electricity netback to $189/MWh in Q4 FY26, driven by a strategic shift to a single brand and simplified product offering. Despite a 5.8% decline in total customers and lower electricity sales, the company advanced its renewables pipeline and battery storage projects while thermal generation dropped sharply due to warmer conditions.

Mercury NZ invests US$30 million for a minority stake in Datagrid NZ, aligning with its strategy to power long-term renewable demand from large-scale digital infrastructure projects.

Energy World Corporation is progressing on its US$350 million turbine sale to Hallador Energy with equipment packing underway and funds partially received. The company is also refining its Pagbilao LNG terminal strategy while facing challenges in divesting Australian assets.

ADX Energy has secured A$3.58 million through a discounted placement to fund multi-zone testing at its HOCH-1 gas discovery in Austria, follow-up drilling, and offshore Sicily exploration amid Europe's tight gas market.

Macallum New Energy completed key 3D and 2D seismic surveys in Western Australia’s Perth Basin, setting the stage for prospect maturation and potential drilling in 2027 while maintaining a strong cash position.

Beach Energy delivered a solid FY26 with 19.4 MMboe production, a record 18 months without injuries, and a key Otway Basin asset sale freeing $500 million capital.

88 Energy has boosted its South Prudhoe oil prospects by 35%, securing key assets and advancing drilling plans for Q1 2027 while reducing capital risk in Namibia.

NH3 Clean Energy has completed critical environmental surveys for its WAH2 Project, confirming no threatened species or ecological communities in the development area. This milestone supports upcoming State and Commonwealth approval submissions, advancing the project towards its final investment decision.

Brookside Energy has successfully set and cemented intermediate casing at its Sabres well in Oklahoma’s Anadarko Basin, progressing into the lateral section and preparing for the next phase of drilling at the Suttles pad.

Buru Energy pushes forward with its Rafael Gas Project development, securing A$5.3 million in funding and progressing environmental approvals while navigating executive leadership changes.

Mercury NZ Limited (ASX:MCY) posted a 33% jump in Q4 trading margin to $390 million, driven by strong renewable generation and key wind farm progress.