Latest Energy News

Tlou Energy has crossed a significant threshold by generating initial revenue from its Lesedi coal bed methane gas through the newly operational Kala Data Centre in Botswana. The milestone validates its integrated gas-to-power model while funding constraints and technical challenges remain key hurdles.

AXP Energy's Charlie #1 well in Oklahoma has reached an initial production rate of 45 barrels of oil equivalent per day, with first oil sales completed, marking a key transition to revenue generation.

Omega Oil and Gas has secured A$60 million in a strongly oversubscribed institutional placement to fund an upgraded drilling program featuring US-standard horizontal wells and extended flow testing in Queensland’s Taroom Trough.

Santos delivered a steady first quarter with production up 3% year-on-year, driven by Barossa's initial cargoes and Pikka phase 1 nearing first oil. Free cash flow held firm at $383 million, while a key Moomba optimisation project received final investment approval.

Ampol has increased its divestment offer to the ACCC by four additional sites, raising the total to 41 as it pushes to satisfy competition concerns in its EG Australia acquisition. The move aims to secure regulatory clearance ahead of a mid-2026 transaction close.

Elixir Energy has completed its Lorelle-3/3H appraisal well with exceptional gas-condensate pay and the longest lateral drilled in the Taroom Trough. The company enters production testing phase fully funded with $22.3 million liquidity and a $10 million R&D-backed debt facility.

Genesis Energy's Q3 FY26 results highlight a sharp rise in hydro generation and electricity netback, offset by lower electricity sales and customer numbers amid strategic portfolio shifts. The company advances renewables and digital projects while cutting thermal output and oil production, prompting a boost in EBITDAF guidance.

Xstate Resources has issued a cleansing prospectus to remove trading restrictions on recently placed shares and associated options, following a $1.69 million capital raise priced at 3.3 cents per share. The offer includes free attaching options to placement participants, brokers, and consultants, subject to shareholder approval.

Lion Energy has secured funding for its East Seram Bula Karang-1 exploration well, reduced capital risk by divesting its Seram (Non-Bula) PSC stake, and put green hydrogen development on hold pending commercial clarity.

Ampol reported a robust first quarter in 2026, with refinery margins soaring to US$25.45 per barrel and production up 10%, while securing fuel supplies through May despite geopolitical tensions.

Mercury has lifted its FY2026 EBITDAF guidance by 5%, citing better-than-expected renewable generation from hydro and new assets. The upgrade signals disciplined portfolio management but remains sensitive to hydrological variability.

Energy Action Limited posted a milestone quarter ending March 2026, delivering positive operating cash flow for the first time in FY26 alongside strong revenue gains and a notable $0.5 million debt repayment. Governance changes add a layer of uncertainty ahead of a scheduled general meeting.