Latest Energy Sector News

Cauldron Energy has updated its Yanrey Uranium Project exploration target, expanding the prospective uranium resource range to between 89.7 and 269 million pounds of uranium oxide, excluding its existing 55 million pounds resource base.

GCM Corporation has inked a binding 24-month joint development agreement with Shenzhen Wanwei Heat Conduction Technology (ALVC) to co-develop a hybrid thermal management product combining vapour chamber and VHD heat sink technologies.

Karoon Energy has successfully revived production at the Baúna SPS-92 well, lifting total output to 20,500 bopd and revising its 2026 capital expenditure guidance upward. Concurrently, the company plans a third phase of its on-market share buyback, citing undervaluation and disciplined capital allocation.

SRJ Technologies' subsidiary ACE inks a strategic MOU with Australian robotics leader Nexxis, aiming to combine cutting-edge robotic platforms with advanced data analytics to enhance asset inspections in the energy sector.

Horizon Oil has completed a significant step in its takeover of Cue Energy by acquiring nearly 20% of shares through a pre-bid agreement, pushing its total ownership to just over 57%.

Ampol launches a A$400 million delayed-draw subordinated notes facility to refinance upcoming debt maturities, locking in long-dated funding with flexible drawdown options.

Elixir Energy has wrapped up a 12-stage fracture stimulation at its Lorelle-3H appraisal well in Queensland’s Taroom Trough, placing all proppant as planned. The company is now milling out plugs ahead of a 30-day gas-condensate flow test that could validate commercial production potential.

Worley has revised its FY26 underlying EBITA impact from the Middle East conflict to up to $60 million, doubling its previous estimate, while also warning of a $50 million hit from foreign currency translation due to a stronger Australian dollar.

RemSense Technologies has won a third contract to deploy its virtualplant digital twin platform at an offshore facility operated by a Tier 1 oil and gas company, reinforcing its foothold in energy sector digitalisation.

Thor Energy has awarded a significant 2D seismic survey contract to Velseis for its HY-Range Project, aiming to refine exploration targets for natural hydrogen and helium in South Australia.

Echelon Resources has secured a three-year extension to its gas supply agreement with Genesis Energy, underpinning continued sales of Kupe gas at market-linked prices and supporting New Zealand’s domestic energy needs.

Tasmea Limited is set to acquire JPS Group for up to A$75 million, securing a foothold in Australia’s growing LNG and energy infrastructure sectors with a Tier-1 client base and a unique tech-enabled isolation technology.