Latest Gas Commercialisation News

Bass Oil reported a 2% rise in November oil production alongside a new gas sales agreement with Origin Energy, setting the stage for first gas sales in 2026. Indonesian operations also advanced with production enhancements and upcoming drilling plans.

Condor Energy secures a 12-month extension for its offshore Peru exploration block and validates the Piedra Redonda gas field as a key regional energy asset with multiple commercialisation options.

Bass Oil reported steady oil production and a significant cash reserve increase in the June quarter, while strategically acquiring the Vanessa gas field to pivot towards gas production.

Condor Energy’s maiden independent resource estimate confirms a multibillion barrel prospective oil resource offshore Peru, supported by enhanced seismic data and ongoing gas commercialisation studies.

NuEnergy Gas Limited has completed drilling two wells at its Tanjung Enim PSC in Indonesia, advancing its early gas sales initiative targeting 1 million cubic feet per day. The company is finalizing a major gas sales agreement pending government approval.

TMK Energy has successfully doubled the capacity of its Gurvantes XXXV pilot well project with three new wells, achieving record monthly gas production and securing $2.3 million in fresh capital to advance commercialisation.

Jade Gas Holdings has successfully drilled two production wells at Mongolia’s Red Lake gas field, confirming significant coal bed methane potential and preparing for imminent production. The company is advancing commercialisation talks with CNG manufacturers to capitalise on early gas flows.