Latest Energy Sector News

Contact Energy's May 2025 report reveals a decline in mass market sales yet highlights improved generation efficiency and rising netback prices, alongside steady progress on key infrastructure projects.

Santos Limited has received a compelling non-binding proposal from the XRG Consortium to acquire the company at a significant premium, prompting the board to engage in due diligence and negotiations. This move could reshape the Australian energy landscape if finalized.

GenusPlus Group Ltd has landed a $65 million contract to design and build the Merredin Battery Energy Storage System in Western Australia, marking a significant step in its renewable energy expansion.

Metgasco Ltd has successfully raised approximately $750,000 through a partially underwritten entitlement offer to fund a production uplift program targeting its Odin and Vali gas fields in the Cooper Eromanga Basin.

Renergen Limited shareholders have received a detailed circular outlining ASP Isotopes Inc.'s firm intention to acquire the company through a scheme of arrangement, with a general meeting scheduled for 10 July 2025 to approve the deal.

AGL Energy has confirmed it is reviewing its 20% stake in Tilt Renewables following recent media speculation, though no sale discussions are underway. The outcome remains uncertain as the company conducts preliminary assessments.

Synertec Corporation has signed a 12-month MOU with global battery leader Ritar International to integrate advanced OPzV battery technology into its Powerhouse microgrid system, aiming to slash costs and scale production rapidly.

Axel REE Limited reveals further high-grade gallium and rare earth element mineralisation at its Caladão Project in Brazil, expanding the known mineralised footprint and advancing resource definition.

Jade Gas Holdings has launched Mongolia’s inaugural horizontal Coal Bed Methane production wells at the Red Lake field, signaling a pivotal step in the country’s energy transition. The company also appoints Chris Whiteman as interim CEO amid strategic leadership changes.

Coronado Global Resources is in confidential talks with Stanwell Limited about revising coal supply agreements and securing a potential $150 million loan to bolster liquidity. While discussions are ongoing, no deal has been finalized.

Evion Group’s Maniry Graphite Project in Madagascar has been officially recognised as a strategic supplier under the EU’s Critical Raw Materials Act, opening doors to accelerated permits, funding, and partnerships.

Xstate Resources has disposed of its 20% stake in the Austrian Anshof project, eliminating liabilities and streamlining its portfolio ahead of a planned ASX re-listing and development of its Diona project in Queensland.