Latest Offshore Gas News

3D Energi has confirmed a natural gas discovery at the Essington-1 well in the offshore Otway Basin, supported by direct gas sampling and preliminary analysis. Further testing is planned to assess the commercial potential of the find.

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.

ADX Energy has raised A$3.5 million through a placement to fund key gas exploration projects in Austria and Italy, alongside plans for a strategic dual listing in Oslo.

3D Energi has commenced drilling the Essington-1 well offshore Victoria, aiming to unlock a combined gross mean prospective gas resource of 262 billion cubic feet. This marks the start of a pivotal exploration phase in the Otway Basin to bolster Australia’s East Coast gas supply.

Amplitude Energy has successfully closed a $150 million equity raising, including a $19 million retail entitlement offer, positioning the company to expand its East Coast Supply Project and potentially restart the Patricia Baleen project.

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.

Kinetiko Energy hosts senior South African government dignitaries at its Brakfontein gas project, highlighting record gas flows and plans for a pilot LNG plant to address the country’s energy crisis.

Amplitude Energy has successfully raised $131 million through an institutional entitlement offer and placement, positioning itself to accelerate growth projects including the Nestor prospect and Patricia Baleen restart.

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.

ADX Energy has been awarded a new offshore gas exploration permit in the Sicily Channel, Italy, boasting significant prospective resources and strategic proximity to key infrastructure. The company plans further seismic work and drilling to unlock the permit’s potential.

Triangle Energy and Athena Exploration have significantly upgraded gas resource estimates for the UK P2628 permit, positioning themselves among the top undeveloped gas holders in the region.

3D Energi is gearing up to drill up to six exploration wells in the offshore Otway Basin, targeting a massive 9.2 trillion cubic feet of prospective gas resources. The entry of Korea National Oil Corporation into the joint venture adds strategic weight to this pivotal East Coast energy project.