Latest Energy News

Elixir Energy has secured $5 million through a discounted placement to support ongoing flow tests at Lorelle-3H, artificial lift trials at Diona-1, and initiate a strategic review of its Taroom Trough assets.

AGL Energy reported a 575% surge in statutory profit to $756 million for FY26, driven by strategic divestments and improved asset flexibility, while declaring a fully franked 50 cents dividend and progressing its energy transition with 12 GW of renewable capacity targeted by 2035.

Australian Oil Co has lifted production at its Emu Apple-1 well to 15–20 barrels of dry oil per day post-acid wash, while advancing infrastructure upgrades at Riverslea and preparing Major Gas Field for near-term output.

TMK Energy has increased its average daily gas production by 5% in July 2026, with August figures already surpassing 800m3/day. The company is advancing its 2026 Work Program and finalising design for a Gas to Power Project, targeting first power generation by year-end.

Sparc Hydrogen has partnered with US-based SunHydrogen to integrate and test solar-driven green hydrogen modules, hitting a notable 10% solar-to-hydrogen efficiency in early trials. This collaboration aims to advance pilot-scale testing and techno-economic analysis to lower hydrogen production costs.

Blue Star Helium has delivered its third helium trailer from the Pinon Canyon Plant, signalling steady progress toward full production capacity. A fourth trailer is currently being filled as the company pursues further plant optimisation and commercialisation of CO2 byproduct.

Red Sky Energy reports progress on its Innamincka Dome drilling campaign, with civil works nearing completion for Yarrow wells and access approvals secured for the Willowie 2 appraisal well. Spud dates are set for late August and mid-October 2026, respectively.

Horizon Oil's 2026 reserves statement reveals a 51% jump in net 2P reserves to 13.6 million barrels of oil equivalent, driven by strategic acquisitions and record production.

Cue Energy Resources trimmed its 2P reserves by 9% to 4.5 million barrels of oil equivalent as of June 2026, driven by production and downward revisions across key assets. The company flagged a $3-$5 million non-cash impairment tied to Maari and Sampang fields amid a strategic exit from the Sampang PSC.

Eastern Gas Corporation has initiated drilling of the Venus-2H horizontal appraisal well in Queensland’s Surat Basin, marking a significant advancement in evaluating its contingent gas resources and potential commercial development.

Contact Energy (ASX:CEN) posted a 62% jump in FY26 net profit to NZD 423 million, driven by its Manawa acquisition and a near 98% renewable generation mix, while committing to net zero emissions by 2035.

Altech Batteries has officially ended its CERENERGY battery project and terminated its strategic partner search, responding to ASX queries about the timing of its disclosures following an unauthorized announcement by a related entity.