Latest Gas And Electricity News

Vintage Energy has landed $5 million in South Australian government grants to fund drilling of two new gas wells, aiming to enhance gas supply for local electricity generation.

AGL Energy reported a steady first half with flat underlying EBITDA and a narrowed FY26 earnings outlook, while accelerating its renewable projects and forming a strategic partnership with Aussie Broadband.

AXP Energy has completed and commissioned its first vertical well in Oklahoma, initiating gas sales while raising over A$1 million to fund further development. The company is pivoting its gas-to-power strategy towards Oklahoma after a limited trial in Colorado.

QPM Energy has secured key contracts and financing milestones for its 112MW Isaac Power Station, while managing stable gas supply amid weak electricity prices.

Tlou Energy progresses its Lesedi Power Project in Botswana, integrating gas-fired and solar power for a modular data centre, while navigating operational challenges and funding delays.

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.

Jupiter Energy reported steady oil production and US$1.6 million in domestic sales for Q4 2025, while completing integration of its West Zhetybai oilfield into a regional gas utilisation network.

Bass Oil has signed a binding three-year gas sales agreement with Origin Energy for supply from the Vanessa Gas Project, marking a strategic entry into the East Coast Gas Market starting in 2026.

APA Group’s BBB credit rating is affirmed by S&P with a key modification that expands its borrowing power by over $1 billion, positioning the energy infrastructure giant for accelerated growth.

QPM Energy Limited has announced a $30 million equity raise to support the development of its Isaac Power Station, advancing toward a final investment decision in March 2026 and commissioning by mid-2027. The funding package, complemented by a $113.7 million lease agreement and a $40 million convertible note, underpins a project poised to strengthen Queensland’s energy transition.

Delorean Corporation has teamed up with Paper Australia (Opal) to explore a renewable energy project at the Maryvale Paper Mill, aiming to convert organic waste into green gas and electricity through anaerobic digestion.

Contact Energy's October 2025 report reveals rising electricity and gas sales, improved netbacks, and reduced generation costs, supported by robust hydro storage and advancing renewable projects.