Latest Offshore Exploration News

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3D Energi Limited has successfully intersected two gas-bearing reservoirs at its Essington-1 exploration well offshore Victoria, with wireline logs confirming moveable hydrocarbons consistent with pre-drill expectations. Upcoming formation testing will determine the commercial potential of these discoveries.
Maxwell Dee
Maxwell Dee
17 Nov 2025
Pilot Energy has made significant strides in its offshore Perth Basin exploration with environmental approval for a major seismic survey and secured substantial financing to support its ongoing projects and transition to clean energy.
Maxwell Dee
Maxwell Dee
31 Oct 2025
MEC Resources has advanced its investment in Advent Energy and issued shares to directors, while its PEP 11 Joint Venture faces ongoing legal scrutiny ahead of a Federal Court hearing.
Maxwell Dee
Maxwell Dee
31 Oct 2025
Grand Gulf Energy progresses its Petroleum Exploration Licence application offshore Namibia and advances seismic survey planning for its Red Helium project, while exploring strategic partnerships to enhance growth.
Maxwell Dee
Maxwell Dee
29 Oct 2025
Pilot Energy has secured crucial environmental approval to conduct a 3D seismic survey offshore Perth Basin, propelling its exploration and farmout ambitions forward while supporting carbon storage initiatives.
Maxwell Dee
Maxwell Dee
21 Oct 2025
3D Energi has raised $9.4 million to fund the drilling of its Essington-1 well in the Otway Basin, with Korea National Oil Corporation acquiring a 29% stake in the joint venture alongside ConocoPhillips. Drilling is set to commence in late October 2025.
Maxwell Dee
Maxwell Dee
13 Oct 2025
Melbana Energy has significantly upgraded its prospective resource estimates for the AC/P70 offshore permit, boosting gas and oil volumes and advancing the Hadrosaurus lead to prospect status, while progressing a farmout process to fund exploration.
Maxwell Dee
Maxwell Dee
10 Oct 2025
MEC Resources has responded to ASX inquiries about unusual trading activity, confirming no undisclosed information but highlighting ongoing Federal Court proceedings involving its investee company.
Maxwell Dee
Maxwell Dee
16 Sept 2025
BPH Energy has responded to ASX inquiries about unusual trading activity, confirming no undisclosed information and highlighting ongoing Federal Court proceedings related to the PEP 11 project.
Maxwell Dee
Maxwell Dee
16 Sept 2025
BPH Energy Limited reported a 49% increase in net profit for FY2025, driven by gains in its energy and biotech investments, while facing a pivotal Federal Court hearing over the renewal of the PEP-11 offshore gas exploration permit.
Maxwell Dee
Maxwell Dee
27 Aug 2025
Winchester Energy reported steady oil production and revenue for the June quarter while resolving key legal disputes and undergoing significant board changes. The company also withdrew from costly Peruvian exploration plans, focusing on US operations and cost control.
Maxwell Dee
Maxwell Dee
31 July 2025
Bounty Oil and Gas reported $1.09 million in oil revenue for FY 2025, boosted reserves to 313,000 barrels, and plans to double production with Surat Basin operations starting late 2025. Meanwhile, a Federal Court challenge looms over its Sydney Basin offshore permit.
Maxwell Dee
Maxwell Dee
31 July 2025