Latest Energy Sector News

RemSense Technologies has extended its partnership with Chevron through a new US$770,156 contract, reinforcing its leadership in digital asset visualization for global energy giants.

Tamboran Resources has initiated an underwritten public offering of over 2.3 million shares to support its development plans in the Beetaloo Basin. The move signals a strategic push to advance its natural gas projects amid ongoing market interest.

Australis Oil & Gas reported a mixed Q3 2025 with lower production volumes offset by higher oil prices, achieving modest profitability and reducing debt while actively seeking a development partner for its Tuscaloosa Marine Shale assets.

LGI Limited has successfully raised $51.2 million through a placement and launched a $5 million Share Purchase Plan to fund key renewable energy projects and strengthen its balance sheet.

Karoon Energy reported a 12% production dip in Q3 2025 due to operational challenges but saw a 3% revenue increase driven by higher oil prices and secured a new deepwater block in Brazil.

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.

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.

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.

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.