Latest Gas And Electricity Markets News

Carnarvon Energy advances its Bedout Sub-basin exploration with a major drilling campaign planned for early 2027, while maintaining a robust financial position and strategic investment in Strike Energy.

Carnarvon Energy has made a significant A$86 million investment in Strike Energy, becoming its largest shareholder and gaining exposure to Western Australia’s growing gas market, while deferring Bedout drilling to early 2027 due to rig shortages.

Contact Energy’s 2025 Integrated Report reveals robust financial results driven by major renewable investments and the strategic acquisition of Manawa Energy, reinforcing its commitment to a net zero future by 2035.

Carnarvon Energy is set to acquire up to a 19.9% stake in Strike Energy through an $89 million investment, positioning itself to benefit from Strike’s expanding gas portfolio in Western Australia.

Strike Energy announces the resignation of CEO Stuart Nicholls, appointing Jill Hoffmann as Acting CEO while initiating a strategic review to unlock shareholder value.