Latest Gas News

Prominence Energy has made a bold strategic move into the natural hydrogen and helium sector by agreeing to acquire a vast exploration portfolio in South Australia’s Gawler Craton, backed by a $1.75 million capital raise.

Hartshead Resources NL reports steady progress on its P2607 gas development in the UK Southern North Sea, supported by a strong cash position and ongoing joint venture negotiations with RockRose Energy.

Comet Ridge Limited has made significant progress in its Mahalo Gas Hub development, advancing engineering design, certifying substantial new gas reserves, and securing extended financing to support a Final Investment Decision.

Galilee Energy reported operational cost reductions and a $2.8 million cash balance following a partial capital raise, while progressing a farm-out process for its Denison Trough permit.

Blue Star Helium has completed flow testing at its Mula well in Colorado, revealing robust gas flow rates and a helium concentration above regional norms, bolstering the asset’s commercial promise.

Metgasco reports a 4% dip in quarterly sales revenue and a 9% drop in production, while launching a Production Uplift Program funded by a $750,000 capital raise. Operational improvements at Odin and Vali fields helped slow the decline.

Beetaloo Energy Australia Limited reported significant cash outflows from exploration activities in Q2 2025, balanced by strong financing inflows that secure its liquidity for the near term.

Beetaloo Energy Australia Limited has completed a $35 million capital raise and successfully finished hydraulic stimulation of its Carpentaria-5H well, setting the stage for production expected in 2026. Traditional Owner consent and strong liquidity underpin the company’s next development phase.

Blue Star Helium has successfully completed its 2025 Galactica drilling program, securing a major permit for CO2 processing and preparing to start commercial helium production in the second half of 2025. The company also raised $4.54 million to fund ongoing development.

1414 Degrees has made significant strides in its industrial decarbonisation efforts, progressing its Heat-as-a-Service model and achieving a key milestone in its hydrogen technology development, supported by new government funding.

Omega Oil and Gas reports strong appraisal progress at its Canyon Project, highlighting premium light crude oil and multiple stacked pay zones, supported by a robust $15.1 million pro forma cash position.

Conrad Asia Energy has advanced its position in Indonesia’s natural gas sector with a major gas sales agreement and increased ownership in the Duyung PSC. The company also completed a A$9 million capital raise to fund upcoming development milestones.