Latest Energy Security News

Carnarvon Energy has expanded its Bedout prospective resource inventory by 92% and secured a rig for a 2027 exploration campaign, but Dorado remains stalled before FEED and FID. The company ended FY26 with A$97.7 million in cash, no debt and a A$4.2 million after-tax loss.

Forte Energy has bought nine more months to secure funding for the required Idris Prospect well after regulators suspended work-program conditions on WA-424-P. The extension preserves the permit, but drilling finance and the prospect’s technical credentials remain unresolved.

Tamboran Resources and Daly Waters Energy have initiated initial gas sales from the Beetaloo Basin, marking the first delivery of local gas to the Northern Territory market. The company aims to ramp up to contracted volumes of 40 terajoules per day by early 2027 under a long-term agreement.

ADX Energy has lodged a third exploration permit application offshore Italy, expanding its Sicily Channel gas play footprint to around 1650 km2 amid encouraging geological assessments.

Po Valley Energy secures regulatory green light for Selva Malvezzi drilling program as August gas sales hit a three-year revenue high, backed by a new 12-month gas supply contract with Hera Trading.

Li-S Energy has inked a strategic collaboration with Australian defence firm EPE, unlocking pathways to international defence markets for its ultra-lightweight lithium sulfur batteries.

Tamboran Resources and its joint venture partner have begun gas commissioning at the Sturt Plateau Compression Facility, a critical step toward delivering natural gas to the Northern Territory market under a long-term contract.

Basin Energy has offloaded its Marshall Uranium Project in Canada to Green Canada Corporation, securing cash, equity, and strategic rights while freeing resources to focus on its Sybella-Barkly discovery in Queensland.

Verbrec Limited accelerated its growth trajectory in FY2026, driven by a strategic acquisition and divestment, delivering a 52% revenue increase and a near tripling of net profit.

Strike Energy has secured Hancock Energy's Belisama facility as the preferred processing partner for West Erregulla gas and agreed on up to $30 million in funding to advance development, targeting first gas by mid-2029.

Elixir Energy has marked FY26 with major progress in Queensland’s Taroom Trough, expanding contingent gas resources by 32% and securing a strategic $16.6 million capital raise led by Omega Oil and Gas. The company’s operational advances and government backing position it as a key player in Australia’s energy security landscape.

Berkeley Energia reported a $8.7 million net loss for FY2026 while pushing forward with its Salamanca uranium project and maiden critical minerals resource at Conchas. The company continues a $1.25 billion ICSID arbitration claim against Spain over permitting delays.