Latest Gas Sector News

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.

Otto Energy has secured a final Australian Taxation Office ruling clarifying the tax treatment of its recent $0.008 per share distribution, splitting it between a return of capital and a dividend.

The ACCC has approved Cleanaway’s acquisition of Contract Resources, finding no significant threat to competition in Australia’s industrial and waste management sectors. The decision highlights the resilience of competition, especially in the oil and gas services market.

SciDev Limited has secured $21.5 million in new contracts and renewals across oil & gas, mining, and PFAS remediation sectors, boosting its FY26 revenue guidance to $120-$140 million.

Santos Limited has entered a process deed granting XRG Consortium exclusive rights to pursue a potential A$8.89 per share cash takeover offer, setting the stage for a pivotal chapter in the oil and gas sector.

Delorean Corporation stands to benefit significantly from recent Australian regulatory reforms that formally recognise biomethane as a natural gas equivalent, enhancing the commercial viability of its renewable gas projects.

ADX Energy has identified seven drill-ready shallow gas prospects in its Upper Austria licences, with a multi-well drilling program planned for late 2025. The company aims to leverage advanced seismic data and cluster development to optimise production and reduce costs.

Renergen has awarded preferred bidder status for the Phase 2 EPC contract of its Tetra4 LNG and helium liquefaction project to the He4u consortium, marking a significant step forward in the Virginia Gas Project.

Beetaloo Energy has begun hydraulic stimulation on its record-length Carpentaria-5H well in the Beetaloo Basin, aiming to unlock enhanced gas production with advanced techniques. Results from the upcoming production test will be pivotal for the company’s pilot project and future development plans.

State Gas Limited has settled a land access dispute at its Rolleston West Project, enabling the company to resume drilling and flow testing activities. This development paves the way for advancing coal seam gas production using innovative technologies.

Tamboran Resources has successfully closed the first tranche of its PIPE, raising US$38.7 million to advance its Beetaloo Basin projects, with a second tranche pending shareholder approval.

Ava Risk Group has landed a $1.1 million contract to deploy its advanced fibre sensing technology at a major ADNOC oil and gas field in Abu Dhabi, reinforcing its strategic partnership with Honeywell and its foothold in critical infrastructure security.