Latest Gas Development News

Jade Gas Holdings has lodged its initial Plan for Development of Operations and secured approval for a substantial 502 km² production licence area, marking pivotal steps towards commercialising Mongolia’s first coal bed methane project.

Bass Oil reported a 132% jump in quarterly oil sales revenue to A$2.67 million, driven by steady production and higher prices. The company completed its Vanessa gas field acquisition and is advancing drilling at Bunian 6, aiming to double production by late August.

Advanced Innergy Holdings (ASX:AIH) has completed its acquisition of Matrix Composites & Engineering (ASX:MCE), significantly expanding its subsea materials manufacturing footprint in the Asia-Pacific region.

Buru Energy pushes forward with its Rafael Gas Project development, securing A$5.3 million in funding and progressing environmental approvals while navigating executive leadership changes.

Jade Gas has inked a non-binding deal with a Chinese consortium to fund the first phase of its Red Lake CBM project in Mongolia, unlocking a potential game-changer for regional energy supply.

Botala Energy’s Pitse Pilot well 3.5B in Botswana has successfully completed hydraulic stimulation and entered commercial production testing, marking a critical step toward establishing gas flow rates above 70 GJ/day.

Bass Oil reported a 3% production increase in June 2026, driven by Indonesian output and Cooper Basin gains. The Bunian 6 well drilling is underway, expected to double group production, while the Vanessa gas field acquisition opens new gas sales and commercialisation pathways.

Condor Energy has completed a pivotal feasibility study for its Piedra Redonda gas discovery offshore Peru, confirming a conventional development approach and underpinning ongoing commercial and financing efforts.

Kinetiko Energy is progressing rapidly from exploration to production with a major onshore gas discovery in South Africa, targeting first commercial compressed natural gas by late 2027 through a phased, capital-efficient development.

State Gas Limited clears a year-long ATO review to access $4.1 million in R&D tax concessions, enabling debt repayment and bolstering cash reserves. Meanwhile, independent certification of 30.2 petajoules of 2P gas reserves at Rolleston West strengthens its development prospects.

Advent Energy, in which MEC Resources holds a 37.95% stake, will challenge a Federal Court judgment on the PEP11 offshore gas exploration permit, with its subsidiary Asset Energy leading the appeal.

Beetaloo Energy reports promising flow testing from Carpentaria-5H with sustained gas rates and low decline, while its Carpentaria Gas Plant construction remains on schedule for first gas sales in late 2026.