Latest Energy News

D3 Energy has identified deeper water zones that are now sitting above the gas-bearing intervals in two Nooitgedacht wells, restricting gas flow in an extremely low-pressure reservoir. Remedial cementing is expected to begin next week, but restored flow and commercial results remain unconfirmed.

Equus Energy has completed Pre-FEED on its large North West Shelf gas project and signed a conditional 10-year gas sales agreement with Alcoa. But the annual report also shows a $25 million loss, a $12 million rehabilitation provision and substantial funding and permitting hurdles before development can begin.

Key Petroleum has secured commitments for 3.38 million new shares at 7.3 cents each, raising approximately $247,000 before costs. The funds will support potential asset acquisitions, existing asset development and working capital, though the company has not disclosed the resulting dilution.

Botala Energy has secured three wholly owned Botswana prospecting licences covering 1,812km², taking its Serowe CBM footprint beyond 6,000km². The expansion comes as the company prepares to flow-test Serowe-3.5B, while the new acreage remains an interpreted exploration opportunity rather than a booked resource.

NuEnergy Gas Limited has secured A$3.05 million through a placement to fund early gas sales and production expansion at its Tanjung Enim project, alongside advancing other Indonesian coal bed methane assets.

Omega Oil & Gas has commenced drilling at Canyon-4, the second well in its fully funded 2026/27 appraisal campaign targeting stacked Permian oil and gas reservoirs in Queensland’s Taroom Trough.

Tamboran Resources and Daly Waters Energy have initiated initial gas sales from the Beetaloo Basin, marking the first delivery of local gas to the Northern Territory market. The company aims to ramp up to contracted volumes of 40 terajoules per day by early 2027 under a long-term agreement.

Galilee Energy posted a $5.42 million loss for FY2026 amid heavy investment in its US Zydeco Gas Project and progressing the sale of its Australian Glenaras asset. The company is pivoting to US operations with drilling underway and a $3.5 million placement announced.

ADX Energy has lodged a third exploration permit application offshore Italy, expanding its Sicily Channel gas play footprint to around 1650 km2 amid encouraging geological assessments.

Po Valley Energy secures regulatory green light for Selva Malvezzi drilling program as August gas sales hit a three-year revenue high, backed by a new 12-month gas supply contract with Hera Trading.

Bass Oil’s Bunian 6 well in Indonesia has uncovered a previously untested third oil pay zone, set to triple production and boost field reserves potential.

TMK Energy’s Gurvantes XXXV Pilot Well Project saw a 4% increase in average daily gas production in August 2026, reaching approximately 28,600 scfd. The company has signed a drilling contract with Major Drilling to kick off a 2026 drilling and well re-completion campaign, while its Gas to Power Project nears operational readiness.