Latest Gas Market News

Carnarvon Energy has committed up to $89 million to acquire nearly a 20% stake in Strike Energy, gaining strategic exposure to Western Australia’s growing gas market while maintaining its own development plans.

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.

Conrad Asia Energy has inked a binding gas sales agreement with Indonesia’s PLN EPI for the entire output of its Mako Gas Field, marking a pivotal step towards production and domestic market integration.

Buru Energy revises its Rafael Gas Project development plan, prioritising drilling the Rafael B appraisal well in mid-2026 and delaying the Final Investment Decision by six months, while maintaining first production for late 2027.

Bass Oil Limited reported a 4% rise in June oil production alongside advancing plans to acquire the Vanessa gas field, signaling a strategic pivot towards gas sales and resource expansion.

Tamboran Resources has reported a record-breaking 60-day initial production flow rate of 6.8 million cubic feet per day from its Shenandoah South 2H sidetrack well in the Beetaloo Basin, underscoring its progress toward commercial gas supply for Northern Australia.

Lakes Blue Energy has secured all regulatory approvals to begin drilling the Wombat-5 well in Gippsland, aiming to tap a significant gas resource with potential to ease Victoria’s looming supply crunch.

3D Energi Limited has updated its prospective gas resource estimates in the Otway Basin, revealing a substantial 9.2 trillion cubic feet (Tcf) of gross recoverable gas across 51 prospects. The company is gearing up for a multi-well drilling campaign in 2025 targeting near-term commercialisation opportunities to bolster East Coast energy security.

TMK Energy is set to drill a new pilot well at its Gurvantes XXXV Coal Seam Gas Project and is making headway in securing strategic partnerships, particularly with Chinese companies experienced in horizontal drilling and fracking.

Bass Oil Limited reported steady oil production in May with a 3% increase in output and announced plans to acquire the Vanessa gas field, marking a strategic pivot towards gas production in Australia’s evolving energy landscape.

Top End Energy updates its Northern Territory exploration strategy amid record gas flow tests in the Beetaloo Basin, signaling a shift from appraisal to development.

Metgasco’s Odin and Vali gas fields delivered their strongest monthly production in nearly six months, setting the stage for a planned Production Uplift Program starting mid-July.