Latest Gas Supply News

Amplitude Energy has intersected the primary gas reservoir at its Isabella prospect, revealing encouraging preliminary data that points to high deliverability and low CO2 levels. The company is now set to commence flow testing to better understand the resource potential.

Vintage Energy has secured an extension on its $10 million loan facility with PURE Asset Management, providing financial flexibility to advance drilling and joint venture plans at its Southern Flank gas projects.

H3 Energy’s latest technical review reveals promising signs for commercial gas flow at the Warro Field, setting the stage for a targeted appraisal campaign.

Amplitude Energy and O.G. Energy have locked in a foundational gas sales agreement with EnergyAustralia, committing to supply 30 PJ of gas from the East Coast Supply Project starting in late 2028. This deal marks a significant step toward the project's development amid ongoing negotiations with other buyers.

Summerset Group Holdings delivered a record underlying profit of NZ$234.2 million in FY25, driven by strong sales and portfolio growth, while advancing its Australian village developments. Despite a dip in IFRS net profit due to portfolio revaluations, the company maintains a positive outlook with high resident satisfaction and sustainability milestones.

Energy World Corporation has eliminated all group-level borrowings, strengthening its balance sheet and advancing key LNG and power projects in Southeast Asia amid ongoing operational losses.

Amplitude Energy has delivered a standout half-year performance with record gas production and a 246% jump in profit, while advancing key projects and strengthening its balance sheet.

Meridian Energy has reported a robust turnaround with a NZD 227 million net profit after tax for the first half of 2026, driven by record wind generation and strong hydro inflows. The company also raised its interim dividend and advanced multiple renewable projects.

Bass Oil has received a $3.5 million grant from the South Australian Government to fund pipeline construction for its Kiwi liquids rich gas project in the Cooper Basin, marking a key step towards production by 2028.

Genesis Energy has reported a record first-half normalised EBITDAF of NZ$307 million, underpinned by strong hydro inflows and portfolio flexibility, while announcing a $400 million equity raise to accelerate its renewable growth strategy.

Vintage Energy has landed $5 million in South Australian government grants to fund drilling of two new gas wells, aiming to enhance gas supply for local electricity generation.

APA Group has reported robust half-year results, boosting its organic growth pipeline to nearly $3 billion and reaffirming its full-year guidance amid ongoing cost reductions and strategic divestments.