Latest Energy News

Horizon Oil has removed the final hurdle in its Cue Energy takeover, declaring the offer unconditional and speeding up payment to shareholders.

Bass Oil has secured full ownership of the Vanessa gas field in the Cooper Basin, aiming to resume gas sales by year-end after recommissioning the facility and pipeline.

Bounty Oil & Gas has finalised the first tranche of a $4 million share placement and converted $200,000 of debt into shares, bolstering its capital for drilling and development across Australian oil and gas projects.

Karoon Energy has pushed back production restoration at the Who Dat E manifold to the second half of 2027, prompting a significant downgrade to its 2026 output forecast. Operational setbacks at Who Dat and weather-impacted Baúna interventions weigh on near-term volumes.

Strike Energy’s Walyering West-1 well delivered a stabilised gas flow of 11 MMscf/d from the C1 sand, confirming a clean, condensate-rich gas accumulation near existing infrastructure in the Perth Basin.

Galilee Energy is gearing up to drill its Zydeco-1 well in Louisiana this July, aiming to kickstart near-term cash flow from a low-cost, low-risk gas-condensate project. The company’s newly formed US advisory board supports a strategy to scale production through repeatable Gulf Coast asset acquisitions.

Meridian Energy secures long-term operational certainty for its flagship Waitaki Power Scheme, maintaining generation capacity and storage with a focus on biodiversity enhancements.

Contact Energy's May 2026 report reveals increased mass market electricity and gas sales alongside reduced generation costs and robust hydro storage levels. The company continues to invest heavily in renewable projects amid mixed wholesale price trends.

Vintage Energy has locked in $5 million in South Australian government grants to co-fund drilling two new gas wells, aiming to boost output from the Southern Flank projects in the Cooper Basin.

Botala Energy’s central production well 3.5B at the Serowe CBM Project in Botswana has completed key pre-stimulation steps, setting the stage for a multi-stage stimulation program and a 90-day flow test to evaluate commercial gas production potential.

Bass Oil lifted May production by 5% with a 219 barrels per day average, while drilling commenced on the Bunian 6 well, expected to double group output.

ADX Energy has advanced its HOCH-1 shallow gas well in Upper Austria by mobilising surface testing equipment ahead of a planned two-phase production test targeting multiple gas zones.