Latest Oil And Gas News

Strike Energy shakes up leadership with Shelley Robertson stepping in as CEO and a leaner board under new chair Nev Power, signaling a strategic pivot amid ongoing project development.

Amplitude Energy has received the VIC/L37 production licence for its Annie gas field, setting the stage for first gas in 2028 to supply Australia's east coast market.

Botala Energy Ltd has denied holding undisclosed information following a sharp share price rise, linking the spike to a recent Serowe CBM Project announcement and confirming compliance with ASX disclosure rules.

Botala Energy faces an ASX price query after its shares jumped from $0.055 to $0.073 amid heavy trading, prompting scrutiny over undisclosed information and continuous disclosure compliance.

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.

Echelon Resources Limited has agreed to postpone accepting Horizon Oil Limited's off-market takeover bid for Cue Energy Resources Limited shares it controls, excluding those under a pre-bid agreement, until 13 April 2026.

Horizon Oil has launched an off-market takeover offer for Cue Energy Resources, proposing a mix of cash and shares. Cue’s Independent Board Committee is now carefully evaluating the proposal before advising shareholders.

Horizon Oil has made a strategic move to acquire the remaining shares of Cue Energy Resources with an offer valuing Cue shares at approximately 14.3 cents each, representing a notable premium. This bid aims to create a larger, more diversified oil and gas entity with potential annual synergies of up to A$2 million.

Santos Limited’s 2025 Annual Report reveals a robust operational and financial performance, highlighted by a 42% reduction in Scope 1 and 2 emissions and progress on major LNG projects Barossa and Pikka phase 1.

Xstate Resources has reported a promising gas discovery at its Diona-1 well in Queensland, updating prospective resources to 200 billion cubic feet and securing funding for upcoming appraisal and production testing.

Finder Energy has completed its acquisition of the Petrojarl I FPSO, issuing over 37 million shares to Amplus Energy as part of the US$15 million deal. Amplus’ Managing Director joins Finder’s board, signalling deeper collaboration.

Galilee Energy has appointed three new directors, including CEO Joseph Graham as Managing Director, to align its leadership with its strategic pivot to the Zydeco Gas Project in Louisiana. This board refresh signals a new chapter focused on growth in the US energy sector.