Latest Gas News

GenusPlus Group has finalized its acquisition of MPC Kinetic, marking a significant diversification into the Queensland gas sector and renewable infrastructure services. The deal was funded through a combination of cash reserves, debt facilities, and a recent $200 million equity raise.

Kinetiko Energy has approved a Field Development Plan marking its shift from exploration to production at the Brakfontein gas project in South Africa, aiming to fast-track gas output and secure strategic funding.

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.

Australian Oil Company (ASX:AOK) has kicked off Phase 1 development in Queensland's Surat Oil Basin, completing well interventions at Emu Apple-1 and revising plans for Riverslea-3 to boost production and exploration.

Brookside Energy has wrapped up its latest on-market share buy-back, cutting its share count by 7% post-consolidation and funding the program entirely from operating cash flow. The company will pause buy-back activity as it finalises a proposed U.S. ADS listing but signals future buy-backs remain part of its capital strategy.

Swift TV Ltd has secured a significant follow-up order from Chevron, adding 1,900 devices to its connected TV platform across key offshore accommodation sites, boosting total installations to nearly 4,000 units.

Brazilian Critical Minerals releases a robust Bankable Feasibility Study for its Ema Rare Earth Project, highlighting a US$1.47 billion post-tax NPV and a swift 0.5-year payback period, underpinned by low capital and operating costs.

Prairie Lithium restructures its board to sharpen focus on commercial lithium production, with Paul Lloyd stepping up as Executive Chairman to lead corporate strategy and financing.

Collins Foods delivered record FY26 revenue and underlying profit, declaring a 15c fully franked final dividend while exiting Taco Bell to sharpen focus on KFC expansion in Australia and Europe.

Galilee Energy has raised the drilling derrick at its Zydeco-1 well in Louisiana, marking the last major pre-spud milestone. Drilling is set for early July 2026, aiming at a substantial Gulf Coast gas-condensate resource with rapid commercialisation potential.

Mainfreight Limited’s 2026 Annual Report reveals a 2.8% rise in revenue to NZ$5.38 billion, while profit before tax slipped 8.5% to NZ$351 million. The integrated logistics group is investing heavily in property and technology, advancing sustainability despite regional profit challenges.

Verbrec has secured a $21 million contract to upgrade the McArthur River Pipeline, enabling commercial gas flow from the Beetaloo sub-basin and bolstering Northern Territory's energy security.