Latest Field Development News

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Lion Energy has agreed to sell its minority interest in the Seram Non-Bula PSC for US$1.2 million, refocusing its efforts on the higher-potential East Seram PSC exploration program.
Maxwell Dee
Maxwell Dee
4 Sept 2025
Beetaloo Energy is gearing up for first gas production in 2026 from its Carpentaria Pilot Project, backed by a $65 million financing package and a binding 10-year gas sales agreement with the Northern Territory government.
Maxwell Dee
Maxwell Dee
3 Sept 2025
Vintage Energy reports encouraging interim results from its Production Uplift Program at the Odin and Vali gas fields, with effective scale removal boosting gas flow rates and production. Phase 2 operations are set to continue in September, aiming to sustain and enhance output.
Maxwell Dee
Maxwell Dee
1 Sept 2025
Hartshead Resources has struck a pivotal Well Carry Agreement with RockRose Energy, securing full funding for its Phase C drilling costs while trimming its joint venture stake. The move also triggers a licence extension application amid UK regulatory delays.
Maxwell Dee
Maxwell Dee
1 Sept 2025
Finder Energy is fast-tracking development of the Kuda Tasi and Jahal oil fields in Timor-Leste, targeting initial production rates of up to 40,000 barrels per day and 10 million barrels in the first 18 months. A strategic alliance with SLB is key to accelerating engineering and reducing project risks.
Maxwell Dee
Maxwell Dee
1 Sept 2025
Cue Energy Resources reported a 10.4% increase in revenue to $54.8 million for FY2025, driven by stable production and higher gas prices, but net profit after tax halved to $6.32 million due to rising costs. The company declared a final dividend of 0.5 cents per share.
Maxwell Dee
Maxwell Dee
22 Aug 2025
Melbana Energy is set to commence drilling the Amistad-2 well in Cuba, aiming to boost production and prepare for its first crude export later this year.
Maxwell Dee
Maxwell Dee
21 Aug 2025
Jade Gas Holdings has confirmed continuous gas flow from its second production well at the TTCBM Project, reinforcing the project's commercial viability and advancing Mongolia’s largest coal seam gas development.
Maxwell Dee
Maxwell Dee
20 Aug 2025
Jade Gas Holdings has achieved a landmark milestone with gas flowing from its first horizontal production well in Mongolia’s Tavantolgoi CBM Project, marking a critical step toward commercial gas operations.
Maxwell Dee
Maxwell Dee
12 Aug 2025
SGH Ltd reported solid FY25 results with EBIT rising 8% to $1.54 billion, supported by strong performances in Boral and WesTrac, alongside a 49% surge in operating cash flow. The company projects continued earnings growth in FY26 amid disciplined capital management and operational improvements.
Victor Sage
Victor Sage
12 Aug 2025
TMK Energy has forged a strategic alliance with Beijing-based J-Energy to accelerate development planning for its Gurvantes XXXV Coal Seam Gas project in Mongolia, leveraging J-Energy’s technical expertise and Chinese market connections.
Maxwell Dee
Maxwell Dee
5 Aug 2025
Finder Energy has fast-tracked development of its Kuda Tasi and Jahal oil fields in Timor-Leste, targeting initial production rates of up to 40,000 barrels per day through a strategic alliance with SLB. The company’s tight capital structure and multiple exploration prospects position it for significant catalysts in the second half of 2025.
Maxwell Dee
Maxwell Dee
31 July 2025