Latest Energy News

Tamboran Resources Corporation has initiated a significant equity raise totaling approximately US$198 million to fund expanded drilling and development activities in the Beetaloo Basin. The capital raise includes a registered underwritten public offering and a pro rata entitlement offer, representing a 25% increase in shares on issue.

Tamboran Resources Corporation has initiated an underwritten public offering of nearly 3 million shares to support expanded drilling and resource delineation in the Beetaloo Basin, alongside a concurrent institutional entitlement offer.

Grand Gulf Energy is intensifying technical evaluations and exploration activities at its Red Helium Project in Utah following a sharp rise in global helium prices triggered by geopolitical disruptions affecting Qatar's helium exports.

Greenvale Energy Limited has completed a key milestone in its Alpha Torbanite Project test program, progressing towards producing certified bitumen products amid tightening Australian bitumen markets.

Macallum New Energy has progressed its seismic exploration in the North Perth Basin with the Barberton 3D survey underway and Condor 2D survey approved, while appointing Greenwood Capital Partners to enhance its UK and European market presence.

Key Petroleum Ltd (ASX:KEY) has completed a placement of over 3 million shares, raising approximately AUD 176,660 before costs to fund asset acquisitions, development, and working capital.

QPM Energy Limited has received credit approval for a $72 million loan from the Northern Australia Infrastructure Facility to support construction of the 112MW Isaac Power Station, complementing existing financing arrangements with Macquarie Bank.

Cue Energy Resources Limited’s Independent Board Committee has unanimously advised shareholders to reject Horizon Oil Limited’s off-market takeover offer, citing undervaluation and significant risks. Shareholders are urged to take no action in response to the offer.

Earth’s Energy Limited has clarified its ASX disclosures regarding a dispute and subsequent settlement with minority shareholders over its geothermal joint venture, highlighting the evolving nature of the matter and compliance with continuous disclosure rules.

Noble Helium has raised $12 million through a strongly supported institutional placement to fund its North Rukwa helium exploration in Tanzania, responding to tightening global helium supplies.

Tamboran Resources reports robust and stable gas production from its Shenandoah South 6H well, marking a key milestone ahead of planned gas sales in late 2026.

Channel Infrastructure is partnering with the New Zealand Government to rapidly expand diesel storage capacity at Marsden Point, aiming to strengthen fuel supply resilience within two months.