Latest Oil Gas News

Pilot Energy has received a $3.9 million Petroleum Resource Rent Tax refund linked to decommissioning activities at the Cliff Head Oil Field, reinforcing its shift toward clean energy projects.

Woodside Energy Group Ltd has announced a fully franked ordinary dividend of USD 0.53 per share for the six months ending June 30, 2025, payable on September 24. Shareholders can elect to receive payments in multiple currencies, reflecting the company’s global shareholder base.

AXP Energy has secured 1,400 acres of oil and gas leases in Kay County, Oklahoma, setting the stage for rapid drilling and expansion of its gas-to-power-bitcoin mining operations. The company aims to leverage proven stacked pay zones and a favorable regulatory environment to scale production and innovative energy uses.

Santos Limited has agreed to extend the exclusivity period with the XRG Consortium, allowing more time to finalize due diligence for a potential A$8.89 per share cash takeover. The extension keeps the door open for competing bids, maintaining shareholder options.

Beach Energy reported a 13% increase in revenues for FY25 but faced a steep 91% drop in net profit after tax, slipping into a loss. Meanwhile, underlying profit showed a healthier 32% gain, highlighting a complex financial picture.

Winchester Energy Limited has resumed trading on the ASX following confirmation that it now meets director requirements under the Corporations Act. This development ends a trading suspension tied to governance compliance.

Winchester Energy has appointed Jason Peterson and David Wheeler as non-executive directors, restoring its board to the required three members and addressing recent regulatory notices.

Otto Energy Limited has clarified that part of its recent capital return will be treated as a dividend according to a draft ATO ruling, prompting shareholders to consider tax implications carefully.

Woodside Energy and its partners have welcomed the Australian government's proposed environmental approval extension for the North West Shelf Project, securing its future and supporting thousands of jobs.

Otto Energy has received a draft ATO Class Ruling confirming part of its $40 million capital return will be treated as a dividend, with the remainder as a return of capital. The final ruling and payment are expected in June 2025.

Bounty Oil & Gas, through its joint venture operator Asset Energy, has initiated a judicial review against the refusal to vary and extend the PEP-11 offshore petroleum exploration permit. The legal challenge could reshape the future of this key Sydney Basin asset.

Helios Energy Ltd has secured A$691,325 through interest-free Convertible Notes to advance its Presidio Project in Texas, ensuring regulatory compliance and operational continuity.