Latest Energy Security News

88 Energy is gearing up to drill its Augusta-1 exploration well in Alaska’s North Slope, targeting a stacked oil resource estimated at 133.7 million barrels gross unrisked. The company has secured key operational assets and is progressing farm-out talks to share drilling risks ahead of the planned Q1 2027 spud.

Nova Minerals CEO Christopher Gerteisen highlighted progress on the Estelle Project at the Alaska Sustainable Energy Conference, emphasizing the company’s role in establishing a US domestic antimony supply chain backed by US$43.4 million in government funding.

Peninsula Energy has completed a fully underwritten A$36.1 million equity raise backed by institutional investors including Washington H. Soul Pattinson, alongside a US$30 million convertible note facility to support its Lance Uranium Project ramp-up.

New Hope Corporation lifted quarterly coal production and sales, cut sustaining capital guidance, and issued $300 million in convertible notes to extend debt maturity to 2032.

Australian Oil Company Limited has completed its first crude oil lifting from the Emu Apple Oil Field, marking a key step in its Surat Basin development with steady production and active exploration underway.

Worley unveils a medium-term growth strategy through FY30 focused on expanding full project delivery, investing $70 million in AI, and leveraging strategic partnerships amid near-term geopolitical challenges.

Li-S Energy has secured vital approvals to airfreight lithium-sulfur prototype cells to the United States, paving the way for direct engagement with US defence and drone sectors.

Equus Energy’s Pre-FEED study confirms the technical and commercial viability of its North West Shelf gas project, leveraging existing infrastructure to reduce costs and execution risks while targeting both LNG export and WA domestic gas markets.

The Asian Development Bank ramped up its commitments to $29.3 billion in 2025, driving private sector growth, regional cooperation, and climate resilience across Asia and the Pacific.

TMK Energy reports a steady 13% rise in average daily gas output in April 2026, supported by a recent Independent Technical Review and preparations for pilot well drilling in Mongolia. The company prioritises using produced gas for reliable power supply amid growing energy demand.

ADX Energy’s HOCH-1 well in Upper Austria has revealed 4-6 metres of net gas pay across seven intervals in the Base Hall formation, moving closer to production testing after reaching 1685 metres depth.

88 Energy has locked in a fully earned 20% stake in Namibia's PEL 93, eliminating $15 million in future funding obligations and sharpening its exploration focus with new technical data and regional activity.