Latest Energy News

Provaris Energy, alongside Kawasaki Kisen Kaisha (K LINE) and Norwegian Hydrogen, has formalised a cooperation to develop a commercial hydrogen shipping supply chain from Norway to Northern Europe, focusing on cost modelling and charter terms for compressed hydrogen transport.

Contact Energy's April 2026 report shows rising electricity and gas sales, improved margins, and lower generation costs, supported by strong hydro storage and ongoing renewable projects.

Bass Oil’s April sales revenue jumped 245% driven by Cooper Basin stock sales and high oil prices, with production rising 4%. The imminent Bunian 6 well spud promises to double Indonesian output by June, while the Vanessa gas acquisition edges closer to regulatory approval.

TMK Energy has inked a MoU with Dashvaanjil Group to develop a 1MW gas-to-power plant at its Gurvantes XXXV project, aiming to secure reliable onsite power and open commercial gas sales by Q3 2026.

88 Energy has upgraded its South Prudhoe Project prospective resources by 35%, adding a maiden Brookian reservoir estimate and increasing Ivishak resources by 44%, setting the stage for its high-impact Augusta-1 well in Alaska next year.

Xstate Resources has confirmed a significant over-pressured Permian gas and condensate discovery at its Diona-1 well in Queensland, with ongoing flow testing revealing promising transient gas responses constrained by hydrostatic fluid columns.

Condor Energy has submitted its application to convert the offshore Tumbes Basin TEA 86 into a Licence Contract, securing 100% ownership and expanding its prospective resources to over 3.3 billion barrels of oil and 1 Tcf of gas.

Elixir Energy's Diona-1 well in Queensland confirms a recoverable overpressured Permian gas resource, enlarging its Taroom Trough footprint to 548,000 net acres. Flowback testing continues with plans for artificial lift to boost production.

Galilee Energy has secured a fixed-price drilling rig contract for its Zydeco-1 well in Louisiana, confirming a July 2026 spud date and reducing cost and scheduling risks ahead of a key Gulf Coast gas-condensate project.

Gentrack Group delivered steady revenue with a 12% rise in recurring income but saw EBITDA fall due to project delays and investment. The company announced two acquisitions to bolster AI and energy pricing capabilities alongside a $20 million share buyback plan.

Australian Oil Company Limited has completed its first crude oil lifting from the Emu Apple Oil Field, marking a key step in its Surat Basin development with steady production and active exploration underway.

Meridian Energy's April 2026 operating report highlights robust hydro inflows and retail sales growth while electricity futures prices continue to decline.