Latest Gas News

Elixir Energy has completed drilling the Lorelle-3H well in Queensland’s Taroom Trough, achieving over 1,000 metres of high-quality net gas-condensate pay and setting a new benchmark for lateral drilling in the basin. A multi-stage fracture stimulation and production test is planned for Q2 2026, potentially paving the way for Elixir’s first reserves booking.

Emperor Energy has successfully raised $17.5 million to advance drilling of its Judith-2 appraisal well, aiming to unlock a major gas resource in Victoria’s Gippsland Basin. The capital raise underscores strong investor confidence as the company moves closer to proving commercial gas flow rates.

The Brazilian government has imposed a 12% tax on crude oil exports effective immediately, a move framed as windfall profit sharing amid high oil prices. Karoon Energy, with significant Brazilian operations, faces new cost pressures as the tax awaits potential ratification by Congress.

ADX Energy has secured A$4.4 million through a well-supported placement to fund key exploration projects in Austria and Italy, alongside plans for a strategic dual listing on Oslo Børs’ Euronext Growth market.

Forte Energy has completed a major acquisition of oil leases in Alaska’s National Petroleum Reserve, with technical work underway on the promising Harrier Prospect and cost-saving lease fee suspensions boosting near-term flexibility.

H3 Energy has appointed LAB Energy Advisors to spearhead farm-in talks for its Alinya project, a vast and underexplored oil and gas prospect in South Australia’s Officer Basin. The move aims to accelerate partner engagement ahead of drilling a potentially game-changing well.

Triangle Energy has embarked on a joint study agreement to explore an offshore area in Indonesia, aiming to secure priority rights for a future production sharing contract. The six to eight-month study signals the company’s strategic push into under-explored regions with promising oil and gas potential.

Condor Energy has updated its corporate presentation revealing significant progress in Peru’s Tumbes Basin, highlighting a 1 trillion cubic feet gas discovery and a multi-billion barrel oil exploration portfolio. The company is moving towards converting its evaluation agreement into a full exploration licence while advancing commercial discussions for gas offtake.

NuEnergy Gas Limited has completed four wells under its Tanjung Enim Early Gas Sales Initiative, secured a binding gas sales agreement, and raised $3.5 million to advance its Indonesian coal bed methane projects.

ADX Energy has secured a crucial extension on its loan note repayments, unlocking financial flexibility to advance multiple drilling and development projects across Austria and Italy.

QPM Energy Limited has announced a substantial upgrade to its Moranbah Gas Project reserves and resources, now certified at over 1,000 petajoules, positioning the company as a key player in Queensland’s evolving gas and electricity markets.

Galilee Energy has confirmed the Zydeco-1 well is drill-ready following enhanced 3D seismic analysis, aiming to tap up to 8 billion cubic feet of gas and 0.5 million barrels of condensate in Louisiana with spudding planned for the second quarter of 2026.