Latest Energy Sector News

Energy World Corporation appoints Alan Jowell as Executive Chairman to spearhead its strategic review and project development, while exploring asset sales alongside its flagship Pagbilao LNG and Power Project.

AXP Energy has successfully raised A$800,000 through a share placement to fund development of its Oklahoma oil project and explore new growth opportunities.

Amplitude Energy has intersected the primary gas reservoir at its Isabella prospect, revealing encouraging preliminary data that points to high deliverability and low CO2 levels. The company is now set to commence flow testing to better understand the resource potential.

Grand Gulf Energy reports solid oil production revenue from its Louisiana assets and advances its helium project amid rising commodity prices, positioning itself for growth in energy and critical minerals.

Beetaloo Energy has responded to ASX concerns over a delayed disclosure of a director's change in interest, attributing it to an administrative oversight and pledging enhanced compliance measures.

Genesis Energy has opened a NZ$300 million rights offer priced at NZ$2.05 per share, marking a 10.8% discount to the theoretical ex-rights price, aiming to accelerate its growth pipeline following a recent NZ$100 million placement.

Timah Resources Limited has agreed to acquire a 40% interest in Malaysian power generator Cash Horse, marking a strategic move to bolster its renewable energy portfolio. The deal, valued at RM31.6 million and payable over ten years, awaits shareholder approval.

Santos Limited has updated details on the currency exchange rates used to convert its 2025 final dividend, offering shareholders multiple payment currency options ahead of the March payout.

Metal Powder Works has partnered with CenterLine to develop Kirksite alloy powders for cold spray automotive tooling, targeting a USD 100-300 million market. This collaboration aims to enhance tooling repair speed and cost-efficiency in the automotive sector.

Echelon Resources has agreed to sell its 19.99% stake in Cue Energy to Horizon Oil and plans to accept Horizon’s takeover offer for the remaining shares, pending regulatory approvals.

Amplitude Energy and O.G. Energy have locked in a foundational gas sales agreement with EnergyAustralia, committing to supply 30 PJ of gas from the East Coast Supply Project starting in late 2028. This deal marks a significant step toward the project's development amid ongoing negotiations with other buyers.

TPC Consolidated and Wollar Solar have mutually terminated their acquisition agreement after unmet conditions, but both remain open to future partnerships.