Latest Energy Sector News

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

Horizon Oil confirms its takeover offer for Cue Energy shares as best and final, holding a majority stake and with all regulatory approvals cleared. The offer period closes on 19 June 2026, with liquidity risks flagged for minority shareholders who abstain.

Thor Energy’s latest soil air geochemistry survey at its HY-Range Project in South Australia has recorded natural hydrogen concentrations up to 3%, far surpassing previous readings and validating key exploration areas ahead of a major seismic survey.

Monadelphous has landed a $380 million contract to build and install gas turbine units at CS Energy’s Brigalow Peaking Power Plant in Queensland, marking a significant step in the company’s energy infrastructure pipeline.

Helios Energy has raised $1.5 million through a share placement priced at $0.003 per share while extinguishing $100,000 of convertible note debt by issuing shares, bolstering working capital.

Carnarvon Energy has locked in the Transocean Equinox rig for a pivotal 2027 drilling campaign targeting major prospects in the Bedout Sub-basin, with costs comfortably covered by its strong cash reserves.

Veris Limited has landed over $2 million in new contracts across rail, energy, and digital infrastructure, reinforcing its strategy to expand proprietary digital platforms and data-led services.

Volt Group reported an 8% revenue decline in FY25 amid strategic shifts but is poised for growth with the 4D Delta acquisition driving a 150% revenue surge in Q1 FY26.

Advanced Innergy Holdings saw an 84% plunge in half-year profit despite a record £116 million order backlog, driven by project timing and IPO-related costs. The company confirmed full-year guidance and is poised for growth with key acquisitions in aquaculture and subsea manufacturing.

Xstate Resources confirms Diona-1 as a gas discovery with strong reservoir pressure but faces challenges removing completion fluids. The company is exploring advanced methods to clear the wellbore and enable sustained production.

Prophecy International has appointed Jonathan Drake as CEO effective July 2026, aiming to strengthen leadership after a period of interim management and strategic recalibration.

Metal Powder Works has extended its contract with Westinghouse Electric Company to further develop its patented metal powders for advanced nuclear applications, marking a strategic milestone despite limited immediate financial impact.