Latest Oil And Gas Exploration And Production News

Beach Energy delivered a solid FY26 with 19.4 MMboe production, a record 18 months without injuries, and a key Otway Basin asset sale freeing $500 million capital.

Brookside Energy has successfully set and cemented intermediate casing at its Sabres well in Oklahoma’s Anadarko Basin, progressing into the lateral section and preparing for the next phase of drilling at the Suttles pad.

Buru Energy pushes forward with its Rafael Gas Project development, securing A$5.3 million in funding and progressing environmental approvals while navigating executive leadership changes.

Galilee Energy’s Zydeco-1 well in Louisiana has intersected the Homeseeker B sand as predicted, revealing strong gas indications that were not factored into prior financial models. Drilling now advances toward the primary Tweedel Sand target, with electric logging due late July to assess commercial viability.

Condor Energy has completed a pivotal feasibility study for its Piedra Redonda gas discovery offshore Peru, confirming a conventional development approach and underpinning ongoing commercial and financing efforts.

Finder Energy is fast-tracking its Kuda Tasi & Jahal offshore development in Timor-Leste, aiming for first oil by late 2027 or early 2028 with strong production forecasts and secured funding.

Elixir Energy’s Lorelle-3H appraisal well in Queensland’s Taroom Trough has completed its initial clean-up phase, delivering promising dual phase flow rates and preparing for a critical tubing run to stabilise production before resuming testing.

Australian Oil Company (ASX:AOK) is ramping up activity in Queensland's Surat Basin, engaging Energetica Consulting for independent resource assessments and pushing production restarts at Emu Apple and Riverslea fields.

Beetaloo Energy's Carpentaria-5H shale gas well delivered a steady 6.9 TJ/day average over a 30-day flow test, reinforcing the quality of the Velkerri Shale reservoir and supporting recoverable gas estimates ahead of the Carpentaria Gas Plant commissioning.

Karoon Energy reveals the Brazilian government has extended its 12% crude oil export tax for an additional 60 days. The company continues legal efforts to contest the tax while leveraging trade agreements to mitigate its impact.

Finder Energy has secured regulatory approval for its Kuda Tasi and Jahal offshore development in Timor-Leste, significantly advancing the project towards a final investment decision and first oil by 2028.

Elixir Energy's Lorelle-3H appraisal well in Queensland's Taroom Trough has begun flowing gas after a successful flowback phase, indicating promising potential for commercial gas-condensate production.