Latest Oil And Gas Exploration And Production News

Bounty Oil & Gas has announced a significant board renewal, including the appointment of Kane Marshall as Chairman and the retirement of long-serving CEO Philip Kelso. These leadership changes mark a new chapter as the company pursues growth in its Australian oil and gas assets.

Carnarvon Energy advances its Bedout Sub-basin exploration with a major drilling campaign planned for early 2027, while maintaining a robust financial position and strategic investment in Strike Energy.

Beach Energy’s Q2 FY26 report reveals a 9% production decline amid Otway Basin slowdowns, offset by flood recovery and the Waitsia Gas Plant ramp-up, with sales revenue down 17% to $445 million.

Central Petroleum has confirmed its strategic acquisition in the Cooper and Otway Basins is now unconditional, with completion set for 23 January 2026, marking a significant expansion of its asset portfolio.

Jupiter Energy reported steady oil production and US$1.6 million in domestic sales for Q4 2025, while completing integration of its West Zhetybai oilfield into a regional gas utilisation network.

Buru Energy advances its Rafael Gas Project with strong funding interest and a $2.35 million capital raise, setting the stage for critical 2026 drilling and resource validation.

Tamboran Resources has appointed Todd Abbott as CEO, bringing over 25 years of upstream oil and gas expertise to lead its pivotal Beetaloo Basin development.

Australis Oil and Gas has completed a pivotal financing transaction with EQV Partners, transferring 90% interest in its producing wells and clearing its debt with Macquarie Bank. This move reshapes its operational and financial landscape as it prepares for upcoming drilling activities.

Equus Energy Limited launches a $15 million public offer to fund the acquisition and development of the Equus Gas Project in Western Australia, backed by conditional funding from Alcoa. The project boasts a large independently certified contingent gas resource, positioning the company to address looming supply shortfalls in domestic and LNG markets.

Australian Oil Company Limited has signed binding agreements to acquire strategic oil and gas assets in Queensland's Surat Basin, positioning itself for production growth and exploration opportunities.

Finder Energy has acquired the Petrojarl I FPSO from Amplus Energy for US$15 million, aiming to fast-track its KTJ oil development project with a targeted final investment decision by mid-2026 and first oil by the end of 2027. This move is supported by a two-tranche institutional placement raising A$25 million at a 21.3% discount.

Australis Oil and Gas has struck two pivotal deals to advance its Tuscaloosa Marine Shale assets, securing a major US development partner and monetizing producing wells to strengthen its balance sheet.