Latest Energy Sector News

Red Sky Energy has secured regulatory approval to begin drilling the Killanoola-2 well, marking a significant step forward for its South Australian oil project. Drilling is expected to commence imminently, potentially unlocking substantial new resources.

Tivan Limited has made significant strides in its critical minerals portfolio, establishing a key joint venture, acquiring the Molyhil Project, raising $15 million, and commencing drilling at Sandover. These developments underscore its growing role in Australia’s strategic minerals sector.

Fortescue Metals Group kicked off FY26 with record iron ore shipments and strengthened its decarbonisation strategy through new partnerships and a $2 billion Renminbi loan.

Silex Systems announces that its exclusive licensee, Global Laser Enrichment, has achieved a critical technology milestone for its laser uranium enrichment process, enabling plans for a new US enrichment facility to advance.

GR Engineering Services Limited reported a robust FY25 with revenue climbing to $479 million and EBITDA surging to $57.2 million, supported by successful project completions and an expanded contract pipeline. The company declared a higher fully franked dividend and maintains a strong cash position as it looks ahead to FY26.

Resouro Strategic Metals has completed a $3 million private placement, attracting strategic investor Jose Luis Manzano to support its Tiros Titanium-Rare Earths Project in Brazil.

Pancontinental Energy has expanded its PEL 87 project offshore Namibia with two new prospects, boosting total high case prospective resources to 6.1 billion barrels net to the company. The ongoing farmout process signals growing industry interest in this promising exploration play.

Cue Energy Resources has inked a new gas supply agreement with McArthur River Mining, locking in 0.37 PJ of gas plus additional volumes for 2026 and 2027. The deal includes take-or-pay terms and CPI-linked pricing, enhancing revenue certainty for Cue’s Mereenie joint venture stake.

Bass Oil Limited reported a 3% rise in September oil production, driven by a 20% uplift in Indonesian output, while awaiting regulatory approval for a strategic gas field acquisition.

Finder Energy has finalized a farmin agreement with TIMOR GAP, increasing the latter’s stake in the PSC 19-11 project and unlocking significant funding to accelerate development.

Metal Powder Works Limited (MPW) has landed a $1 million contract with the US Navy for its innovative expeditionary DirectPowder™ unit, while expanding its alloy portfolio and customer base amid a $15 million capital raise.

Aura Energy announces the immediate resignation of Managing Director Andrew Grove, with Executive Chair Philip Mitchell stepping in to manage operations during critical funding talks. The company remains focused on advancing its uranium and polymetallic projects in Mauritania and Sweden.