Latest Australian Energy Sector News

Elixir Energy has raised approximately AUD 16.6 million through a two-tranche placement led by Omega Oil & Gas, aiming to fast-track its Taroom Trough gas projects and advance toward commercial production.

Whitebark Energy’s fresh petrophysical analysis reveals significant dry gas zones in its Warro Gas Field, boosting its commercial prospects and prompting a $750,000 capital raise to fast-track development.

Xstate Resources has received pre-approval to acquire a 51% stake in the Diona project, setting the stage for drilling operations and ASX trading resumption by late September.

Ampol Limited has announced a fully franked ordinary dividend of AUD 0.40 per share for the six months ending June 2025, signaling steady returns for shareholders.

Carnarvon Energy is set to acquire up to a 19.9% stake in Strike Energy through an $89 million investment, positioning itself to benefit from Strike’s expanding gas portfolio in Western Australia.

Monadelphous Group Limited has secured over $100 million in new energy sector contracts, highlighted by a major project with Shell on the Crux platform off Western Australia and an extension with Origin Energy for LNG equipment supply.

SciDev Limited has secured $21.5 million in new contracts and renewals across oil & gas, mining, and PFAS remediation sectors, boosting its FY26 revenue guidance to $120-$140 million.

AGL Energy has confirmed it is reviewing its 20% stake in Tilt Renewables following recent media speculation, though no sale discussions are underway. The outcome remains uncertain as the company conducts preliminary assessments.

Australian Vanadium’s subsidiary VSUN Energy reports improved cost competitiveness for Project Lumina’s vanadium flow battery system, positioning it strongly in Australia’s growing long-duration energy storage market.

Vintage Energy launches a $2.1 million entitlement offer to fund a Production Uplift Program targeting increased gas output from its Odin and Vali fields, aiming to enhance near-term cash flow and operational efficiency.