Latest Energy Sector News

Genesis Energy's Q3 FY26 results highlight a sharp rise in hydro generation and electricity netback, offset by lower electricity sales and customer numbers amid strategic portfolio shifts. The company advances renewables and digital projects while cutting thermal output and oil production, prompting a boost in EBITDAF guidance.

Critica Limited has produced its first commercial-quality Mixed Rare Earth Carbonate at 58% TREO, confirming a refinery-aligned product pathway, while launching a major resource upgrade drilling program at its Jupiter Rare Earths Project in Western Australia.

AdNeo Limited has locked in a five-year contract worth approximately $246,400 to deliver and host a custom-branded learning platform for Amplitude Energy, reinforcing its foothold in Australia's energy sector.

StepChange Holdings delivered a robust $15.18 million in unaudited revenue and $1.46 million EBITDA in Q3 2026, driven by organic growth and the BroadReach acquisition. Margin improvements and AI integration highlight its evolving consulting model.

Jupiter Energy reported US$1.68 million in unaudited oil sales revenue for Q1 2026, with production steady across its Kazakhstan fields and a recent well workover set to boost output.

Bass Oil’s March production faced Cooper Basin setbacks from heavy rains and storage limits, but trucking resumed in April with strong prices. Indonesian output remained steady with a sharp 47% price rise. The company is progressing its Vanessa gas field acquisition and Kiwi development with government backing.

Fitch Ratings has maintained Karoon Energy’s credit ratings while revising its outlook to Negative, citing operational disruptions and production decline risks despite solid liquidity and manageable debt. Karoon is actively working on restoring production at key assets with updates expected in its upcoming quarterly report.

Worley Limited reveals the ongoing Middle East conflict is causing significant project delays and an estimated $30 to $40 million hit to FY26 underlying EBITA, prompting a revision to its growth outlook.

Xstate Resources has kicked off the stimulation program at its Diona-1 gas well in Queensland and raised $1.69 million through a strategic placement to fund next steps including pipeline connection and extended testing.

SRJ Technologies has locked in a three-year, US$4.4 million deal to deploy its robotic leak detection and emissions inspection services for a major UAE state-owned oil and gas operator, following a successful proof-of-concept trial.

McLaren Minerals has announced a fully underwritten Share Purchase Plan targeting A$1.5 million at a 15.5% discount, offering eligible shareholders free attaching options. The capital will support feasibility studies and exploration at its key projects.

Condor Energy has wrapped up its Technical Evaluation Agreement work programme ahead of schedule, reinforcing the multi-billion barrel oil and gas potential in Peru's Tumbes Basin and setting the stage for licence conversion and strategic partnerships.