Latest Australian Energy Sector News

Triangle Energy (ASX:TEG) has regained 100% ownership of the L7 Production Licence and EP 437 Exploration Permit in the Perth Basin after joint venture partners Echelon and Strike withdrew and transferred their interests back. Legal proceedings against these partners for failing farm-in obligations continue.

Bounty Oil & Gas has finalised the first tranche of a $4 million share placement and converted $200,000 of debt into shares, bolstering its capital for drilling and development across Australian oil and gas projects.

Emperor Energy has submitted a revised Environmental Plan for its Judith-2 appraisal well and is advancing drilling preparations, including securing contractors and negotiating the Valaris-107 rig contract for a late Q1 2027 start.

Bounty Oil & Gas NL has locked in A$4.5 million from a heavily oversubscribed share placement, with proceeds earmarked for drilling, facility upgrades, and exploration across its Australian assets.

Beetaloo Energy has wrapped up its $5 million Share Purchase Plan with strong shareholder uptake, pending final approval at the upcoming AGM for new share issuance.

Macallum New Energy has wrapped up its first 3D seismic survey over key Jurassic gas leads in EP-494, deploying innovative GeoPulse technology to reduce environmental impact. Preliminary data processing is underway with results expected by late June.

GR Production Services secures a five-year $57 million operations and maintenance contract at the Sturt Plateau Compression Facility in the Northern Territory's Beetaloo Basin, with potential extension for three more years.

H3 Energy confirms promising gas flow potential at Warro and appoints LAB Energy to secure partners for Alinya, while facing a critical cash crunch.

Omega Oil and Gas has secured a commanding acreage position in Queensland’s Taroom Trough and fully funded an expanded drilling program to accelerate appraisal and early production.

AdNeo Limited has locked in a five-year contract worth approximately $246,400 to deliver and host a custom-branded learning platform for Amplitude Energy, reinforcing its foothold in Australia's energy sector.

Vintage Energy and Vault Energy have agreed to negotiate a gas sales deal for Cullen-1 gas, aiming to fuel modular data centres onsite if flow tests confirm commercial viability. Vintage plans to fund testing via farm-out once permit tenure is secured.

Macallum New Energy has begun a pioneering six-week 3D seismic survey using low-impact GeoPulse technology in Western Australia’s North Perth Basin, aiming to unlock promising natural gas prospects.