Latest Oil Gas Exploration And Production News

Tamboran Resources has finalized a US$15 million sale of 100,000 acres to Daly Waters Energy, retaining a dominant 1.9 million-acre position in the Beetaloo Basin and setting the stage for its Phase 2 gas development targeting Australia's East Coast market.

Tamboran Resources has raised US$55.4 million through a private placement to fund critical drilling activities in the Beetaloo Basin, aiming for first gas production by mid-2026.

Elixir Energy has unveiled a strategic, fully funded plan to develop its extensive gas resources in Queensland’s Taroom Trough, aiming for initial production by late 2027. The company leverages its dominant acreage position alongside Shell’s operations and a fast-follower approach to unlock multi-TCF reserves.

Finder Energy has spotlighted its Kuda Tasi and Jahal oil fields at the SEC 2025 Conference, revealing a fast-track development plan with robust resource estimates and promising production rates.

Finder Energy has advanced its Kuda Tasi and Jahal oilfields development by completing a comprehensive subsea concept study, delivering refined cost estimates and development scenarios that strengthen project economics and de-risking efforts.

Pilot Energy has significantly upgraded its WA-481P gas and oil prospective resources, completed a board renewal, and secured $7.4 million in capital, while progressing the acquisition of the Cliff Head Oil Joint Venture and attracting foreign investment interest in its carbon storage project.

Empire Energy Group is advancing its Carpentaria-5H well hydraulic stimulation scheduled for June 2025, alongside preparations for the Carpentaria Gas Plant construction, aiming to commence gas sales from EP187 by late 2025 or early 2026.

Hartshead Resources has submitted a revised development plan for its Anning and Somerville gas fields, featuring a superior export route via CalEnergy's Saturn Banks pipeline. Supported by a strong cash position and committed partners, the company is exploring innovative funding to optimise project economics.

Beach Energy reported steady production and strong financials in Q3 FY25 despite flood disruptions in the Cooper Basin, with key projects advancing and liquidity improving.

Lion Energy is making significant strides in its Port of Brisbane green hydrogen project with EPC contract negotiations underway, while gearing up for a key drilling campaign at its East Seram oil prospect in 2025.

Santos Limited's 2024 Annual Report reveals a 5% decline in production and a 9% drop in sales revenue, yet the company maintains strong profitability and advances its carbon capture and storage projects alongside ambitious climate targets.