Latest Energy News

Karoon Energy reported a 4% production increase in H1 2025 but saw underlying net profit after tax plunge 61%, driven by lower sales volumes and pricing. The company upgraded Baúna Project reserves by 35% and extended field life by seven years, while preparing for a CEO transition.

Karoon Energy reported a sharp 25% drop in revenue and a 61% plunge in net profit for H1 2025, but still declared a 5 cent interim dividend, signaling cautious confidence.

Horizon Oil and its partners have secured a ten-year extension for the Maari oilfield permit in New Zealand, enabling continued production and strategic planning through 2037. This comes as the field hits its highest output in over five years.

Karoon Energy has significantly upgraded its Baúna Project 2P Reserves by 35%, extending the field’s economic life by seven years to 2039, driven by the recent FPSO acquisition and improved reservoir performance.

TMK Energy has successfully commissioned its LF-07 pilot well at the Gurvantes XXXV Coal Seam Gas Project, joining six other wells in steadily producing gas and advancing reservoir management efforts.

Kinetiko Energy has commenced drilling its second production test well at Brakfontein, applying optimized protocols following promising initial results. This marks a key step toward supplying gas to a pilot LNG plant planned for late 2026.

NH3 Clean Energy has launched the FEED phase for its WAH2 clean ammonia project, advancing environmental approvals and commercial negotiations with potential strategic partners.

ADX Energy has updated its Upper Austria prospect inventory, reporting a substantial net mean prospective resource of 374 million barrels of oil equivalent and outlining near-term drilling plans focused on low-risk shallow gas and near-field oil plays.

Strike Energy has secured independent certification of substantial gas resources at its Ocean Hill project, including a newly identified large prospect, setting the stage for drilling in late 2026.

Worley Limited reported a robust FY25 with a 29% rise in statutory NPATA to $475 million and announced a $500 million share buy-back, underpinned by strong bookings and strategic cost management. The company anticipates moderate growth in FY26 despite ongoing geopolitical uncertainties.

Worley Limited has announced an ordinary unfranked dividend of AUD 0.25 per share for the six months ending June 2025, signaling steady shareholder returns amid a complex energy sector landscape.

Matrix Composites & Engineering reported a 12% revenue decline in FY25 due to subdued drilling activity but achieved record SURF segment growth and secured a strong order book for FY26.