Latest Energy Sector News

Red Sky Energy has closed a fully underwritten rights issue, securing $2.46 million from shareholders and relying on underwriting to cover a $1.69 million shortfall. The new shares will be issued today, supporting the company’s ongoing funding needs.

Service Stream is set to broaden its industrial services reach through the acquisition of Queensland’s RIE Group, a specialist in high-voltage electrical and instrumentation services. The deal enhances Service Stream’s market presence in key energy sectors amid ongoing contract wins.

Ionic Rare Earths (ASX: IXR) has secured binding agreements to supply critical rare earth oxides to US-based Advanced Magnet Lab, supporting domestic production of permanent magnets for defence applications under a US Defense Logistics Agency contract.

Monadelphous has landed $120 million worth of new contracts spanning resources and renewable energy, including a key battery storage project for Fortescue and expanded services for Rio Tinto.

Right Resources has identified a significant high-grade tungsten system at its Blue Prospect in NSW, with rock chip assays reaching 4.3% WO3 and a large soil anomaly still open in all directions.

Stonehorse Energy has brought three new development wells online in Alberta, boosting production by 385 barrels of oil equivalent per day with a strong oil weighting. The company signals more drilling ahead, aiming to capitalise on over 80 potential well locations.

SGH Ltd’s Investor Day showcased its diversified portfolio strength, with key insights into operational performance and strategic priorities across WesTrac, Boral, Coates, and its significant energy and media holdings.

Brookside Energy has completed critical pad and access preparations for its two-well development program at the SWISH Area of Interest, setting the stage for drilling and production growth in the Anadarko Basin.

Infratil Investments has inked a deal with Macquarie Securities to offload 53.5 million Contact Energy shares at NZ$9.25 each, trimming its stake slightly and unlocking nearly half a billion NZD.

88 Energy is gearing up to drill its Augusta-1 exploration well in Alaska’s North Slope, targeting a stacked oil resource estimated at 133.7 million barrels gross unrisked. The company has secured key operational assets and is progressing farm-out talks to share drilling risks ahead of the planned Q1 2027 spud.

Nova Minerals CEO Christopher Gerteisen highlighted progress on the Estelle Project at the Alaska Sustainable Energy Conference, emphasizing the company’s role in establishing a US domestic antimony supply chain backed by US$43.4 million in government funding.

Synertec has secured a non-binding Letter of Intent with a top Australian energy operator to kick off a multi-million dollar operational technology upgrade, signalling momentum in its energy tech pipeline.