Latest Energy Sector News

Bass Oil Limited has announced a $3.1 million rights issue to fund key projects including recommissioning a gas facility in Australia and drilling an oil well in Indonesia, aiming to significantly increase production and cash flow.

Ava Risk Group has landed a $0.9 million contract to deploy its advanced fibre sensing technology along a critical 1,104km gas pipeline in India, reinforcing its role in safeguarding vital energy infrastructure.

Paladin Energy reports a 17% rise in quarterly uranium production and US$61 million in revenue, while recognizing a US$19.9 million inventory impairment. The company maintains strong liquidity and advances key projects in Namibia and Canada.

Vintage Energy has placed an additional 74 million shares under its Shortfall Offer, raising $1.52 million to fund a production uplift program targeting increased gas output from its Odin and Vali fields.

Trading in Black Rock Mining Limited shares has resumed following the lifting of a suspension tied to regulatory correspondence from Tanzania about its Mahenge Graphite Project licence.

Top End Energy has expanded its lease holdings at the Serpentine Natural Hydrogen Project in Kansas to over 30,000 acres, positioning itself strategically alongside industry leaders and advancing towards exploration drilling.

Contact Energy's April 2025 report reveals a slight decline in electricity and gas sales but improved netback prices, with mixed progress on key projects and rising generation costs.

Metgasco Ltd has announced a partially underwritten entitlement offer to raise up to $750,000, aiming to fund a production uplift program at its Odin and Vali gas fields. The capital raise targets near-term gas flow improvements and enhanced cash generation.

Australian Vanadium’s subsidiary VSUN Energy reports improved cost competitiveness for Project Lumina’s vanadium flow battery system, positioning it strongly in Australia’s growing long-duration energy storage market.

Hartshead Resources and joint venture partner RockRose Energy agree to a 28-day pause in procedural timelines for UK Southern Gas Basin Licence P2607, aiming to advance commercial discussions. The company remains committed to a constructive resolution while preserving its legal rights.

Carnegie Clean Energy has partnered with global industrial leader SKF to co-develop and manufacture the Power Take-Off system for its CETO wave energy technology, marking a key step in commercialising ocean energy in Europe.

Brookside Energy has mobilised completion operations at its Bruins Well in Oklahoma’s Anadarko Basin, targeting first production and sales in the second quarter of 2025.