Latest Field Services News

NuEnergy Gas is moving its Tanjung Enim coal bed methane project towards targeted first gas sales in early 2027, backed by a US$88 million field service contract. But the ASX-listed developer ended FY2026 with only A$552,509 in cash, substantial liabilities and a material uncertainty around its ability to continue as a going concern.

Vection Technologies has signed reciprocal five-year reseller agreements with Xerox, opening a potential Western European channel for its conversational AI, digital human, kiosk and XR technologies. The opportunity is strategically notable, but the agreements contain no minimum volumes, pricing or committed revenue.

NuEnergy Gas Limited has secured A$3.05 million through a placement to fund early gas sales and production expansion at its Tanjung Enim project, alongside advancing other Indonesian coal bed methane assets.

Jcurve Solutions (ASX:JCS) posted a significant financial turnaround in FY2026, with revenue climbing 16.3% to $13.28 million and normalised EBITDA more than doubling to $1.88 million, underpinned by disciplined cost control and recurring revenue growth.

Service Stream Limited (ASX: SSM) posted a modest 1.1% revenue rise to $2.35 billion for FY26, driven by Utilities and Asset & Facility Management growth, including a new Defence contract. EBITDA from operations surged 11.8% to $163.4 million, while statutory NPAT dipped 3.8% due to $21.2 million in ERP modernization costs. The company declared a final dividend increase to 3.5 cents per share.

NuEnergy Gas Limited has locked in a fully funded US$88 million contract with PT Beijing Energy Linking to develop its Tanjung Enim POD 1 project in Indonesia, targeting first gas sales in early 2027 under an Early Gas Sales Initiative.

X2M Connect has unveiled a new AI-enabled bidirectional streetlight controller in South Korea, expanding its smart city platform and tapping into a $225 million annual market.

SSH Group has finalised its acquisition of Elphinstone Mechanical Services, significantly boosting its industrial mining services and workforce capabilities across Western Australia and Queensland.

AML3D has installed its first portable ARCEMY additive manufacturing system at the US Navy's Additive Manufacturing Centre of Excellence, marking a milestone in its partnership with Austal USA and expanding its footprint in military-grade 3D printing.

IMDEX Limited has delivered a record 3Q FY26 revenue increase of 29% in constant currency, fueled by strong global demand, strategic acquisitions, and AI-enabled mining technology solutions.

SSH Group Ltd is set to acquire Elphinstone Mechanical Services, boosting its revenue scale and geographic reach into Queensland and New South Wales with an immediately accretive deal.

Mitchell Services Limited (ASX: MSV) reported a 110% jump in quarterly EBITDA for Q3 FY26, driven by improved weather and stable operations, alongside a solid balance sheet with net debt under $1 million post-dividend.