Latest Gas Sector News

Horizon Oil and its partners have secured a ten-year extension for the Maari oilfield permit in New Zealand, enabling continued production and strategic planning through 2037. This comes as the field hits its highest output in over five years.

SciDev Limited reported a 5% revenue decline in FY25 but secured major contracts and reaffirmed strong growth guidance for FY26. Key proprietary technologies like CatChek™ and PFAS treatment are driving expansion.

Intelligent Monitoring Group Limited (IMG) reported a 44% revenue surge to $174.9 million in FY25, driven by four key acquisitions and organic growth, while investing heavily in AI-powered video monitoring technology.

Tribeca Global Natural Resources Limited (ASX – TGF) has declared a fully franked 5-cent dividend for FY25 alongside a 10% on-market buyback, while delivering returns that outpaced major natural resource indices. The company’s portfolio is well positioned to benefit from rising strategic demand for critical and precious metals amid evolving global market dynamics.

Intelligent Monitoring Group reports robust FY2025 financials, completes a strategic acquisition, and issues new shares following warrant exercises, signaling a confident growth trajectory.

Otto Energy has appointed industry veteran Chris Dorros as CEO, signaling a strategic push to leverage his two decades of upstream energy expertise. The move aligns with Otto’s growth ambitions and shareholder value focus.

Santos Limited has announced an ordinary dividend of USD 0.134 per share for the first half of 2025, payable on October 1, with multiple currency payment options available to shareholders.

Swift Networks has renewed a $2.4 million contract to provide continuous technical support and entertainment services across three Chevron sites, reinforcing its foothold in the Oil and Gas sector.

Melbana Energy is set to commence drilling the Amistad-2 well in Cuba, aiming to boost production and prepare for its first crude export later this year.

Winchester Energy appoints corporate lawyer Chris Zielinski as Non-Executive Director while CEO Rory McGoldrick transitions to a part-time role, signaling a strategic refocus on operational efficiency.

Xstate Resources has secured over $2 million from more than 300 new investors in its Re-compliance Prospectus offer, positioning itself for a potential return to ASX trading by early September.

Tamboran Resources has achieved a landmark agreement with Native Title Holders and the Northern Land Council, enabling the sale of appraisal gas from the Beetaloo Basin. This paves the way for first gas delivery from the Shenandoah South Pilot Project by mid-2026, supporting Northern Territory energy security.