Latest Australian Energy Markets News

Verbrec has landed $16 million in new contracts spanning engineering, construction, and cyber security services for gas infrastructure, reinforcing its role in Australia's energy security amid looming supply challenges.

Advent Energy, in which MEC Resources holds a 37.95% stake, will challenge a Federal Court judgment on the PEP11 offshore gas exploration permit, with its subsidiary Asset Energy leading the appeal.

Lakes Blue Energy is positioning its Wombat Gas Project as a key contributor to Victoria's energy security and emerging AI infrastructure, with a conceptual study projecting a post-tax NPV10 of A$605 million and first gas in early 2029.

Livium is positioning its Envirostream subsidiary to capitalise on the growing battery recycling needs from Australia's booming AI data centre sector, leveraging its EPA-licensed facilities and national network.

1414 Degrees has cleared a key technical hurdle at its Aurora Energy Precinct in South Australia, moving its Stage 1 battery storage project into commercial transmission negotiations amid strong interest from major data centre players.

Strike Energy’s South Erregulla Power Station has completed major construction and started commissioning, advancing toward its October 2026 target for commercial operation.

Bass Oil has landed a $3.5 million grant from the South Australian Government to fund a production pipeline for its 100% owned Kiwi gas project, aiming to connect it to Cooper Basin infrastructure and boost domestic gas supply by 2028.

QPM Energy is positioning its Isaac Energy Hub and 112MW Isaac Power Station to meet surging data centre electricity demand forecast to reach up to 35 TWh by 2036, amid coal plant retirements and rising grid pressures.

Frontier Energy has appointed Jamie Cullen as Executive Chair and is closing in on binding senior debt terms to fund its Waroona Renewable Energy Project, while finalising contracts with tier one suppliers and divesting a non-core asset.

Elixir Energy has completed its Lorelle-3/3H appraisal well with exceptional gas-condensate pay and the longest lateral drilled in the Taroom Trough. The company enters production testing phase fully funded with $22.3 million liquidity and a $10 million R&D-backed debt facility.

AGL Energy has committed to a $490 million gas power project in Western Australia, aiming to enhance energy reliability and support renewable integration from late 2027.

Strike Energy has announced a 19% increase in its 2P gas reserves at the West Erregulla field, now standing at 251 PJ net to the company, alongside promising upgrades at Erregulla Deep and new resource prospects across its Perth Basin licences.