Latest Crude Oil News

Omega Oil and Gas reports strong appraisal progress at its Canyon Project, highlighting premium light crude oil and multiple stacked pay zones, supported by a robust $15.1 million pro forma cash position.

Lion Energy has made steady progress on its Port of Brisbane Green Hydrogen Project while moving closer to securing funding for a key drilling operation in Indonesia’s East Seram PSC.

Hydrocarbon Dynamics Limited reported ongoing sales and expanded trials of its HCD Multi-Flow product worldwide, alongside plans for a fully underwritten rights issue to bolster its financial position.

Omega Oil and Gas has confirmed an extensive oil and gas system in Queensland’s Taroom Trough through high-quality logging at its Canyon-2 well, with DFIT testing now underway to further evaluate reservoir potential.

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.

Omega Oil and Gas has reported robust oil and gas flows from its Canyon-1H well in Queensland’s Bowen Basin, confirming commercial potential and securing $7 million in fresh capital alongside a strategic board appointment.

Red Sky Energy reports steady cash flow from its Innamincka Dome projects and advances development at Killanoola, while securing a significant 35% stake in offshore Angola’s Block 6/24 with promising oil resource estimates.

Santos Limited’s 2024 Annual Report reveals a 5% drop in production and a 9% decline in sales revenue, yet highlights significant progress in carbon capture and storage and emissions reduction targets.

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

Santos Limited's 2024 Annual Report reveals a 5% drop in production and a 9% decline in sales revenue, yet highlights significant progress in carbon capture and storage projects and emissions reduction targets.

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.

Melbana Energy advances its Cuban Block 9 operations with the Alameda-2 workover and prepares to drill Amistad-2, while announcing maiden resource estimates offshore Western Australia’s AC/P70 permit.