Latest Lng News

Elixir Energy has made significant progress on the Warkon Pilot in Queensland’s Taroom Trough, completing key feasibility studies for pipeline infrastructure and upstream plant design that position the project for commercial gas production.

Kina Securities lifted its half-year net profit by 4% to PGK 59.7 million, underpinned by a strong capital injection via Papua New Guinea’s inaugural listed corporate bond and a 13% higher interim dividend in local currency.

Tamboran Resources is poised to deliver first gas sales from its Beetaloo Basin pilot project, backed by a robust balance sheet and strategic partnerships aiming to slash drilling costs.

RemSense Technologies reported a 27% revenue decline in FY2026 to $2.49 million due to project timing and economic uncertainty but secured major Tier-1 contracts and raised $1.21 million to fund technology development.

Elixir Energy has marked FY26 with major progress in Queensland’s Taroom Trough, expanding contingent gas resources by 32% and securing a strategic $16.6 million capital raise led by Omega Oil and Gas. The company’s operational advances and government backing position it as a key player in Australia’s energy security landscape.

Woodside Energy delivered a strong first half in 2026, with revenue up 13% to $7.45 billion, net profit after tax reaching $1.67 billion, and key LNG and oil projects advancing on schedule. The company declared a fully franked interim dividend of 57 US cents per share amid ongoing global market volatility.

GR Engineering Services delivered a record EBITDA of $63.1 million in FY26, secured over $1 billion in new contracts, and announced a $110 million equity raise to support a forecast revenue surge in FY27.

Comet Ridge has completed the acquisition of Santos' 42.86% interest in the Mahalo Gas Project, gaining 100% ownership and operatorship of the Mahalo Gas Hub. This move removes joint venture constraints and positions Comet Ridge to advance development in a tightening east coast gas market.

Elixir Energy has secured a second data sharing agreement with QGC to acquire new 3D seismic data over key areas in the Taroom Trough, enhancing its geological understanding ahead of upcoming flow testing at Lorelle-3H.

Botala Energy reports promising early gas observations at its Serowe-3.5B well in Botswana, signaling reservoir responsiveness as the well approaches a critical dewatering stage in its Pitse Pilot.

Santos Limited's half-year results show a 19% drop in net profit to US$355 million amid higher production and LNG ramp-up costs, while declaring an interim dividend of 11.6 US cents per share.

Service Stream Limited (ASX: SSM) posted a modest 1.1% revenue rise to $2.35 billion for FY26, driven by Utilities and Asset & Facility Management growth, including a new Defence contract. EBITDA from operations surged 11.8% to $163.4 million, while statutory NPAT dipped 3.8% due to $21.2 million in ERP modernization costs. The company declared a final dividend increase to 3.5 cents per share.