Latest Offshore Oil And Gas News

Echelon Resources has finalised its exit from Cue Energy Resources following Horizon Oil's takeover, converting its Cue shares into cash and Horizon stock while cutting debt.

SRJ Technologies has started delivering services under two major Middle East contracts, marking the transition from agreements to revenue-generating operations with AD Ports Group’s Divetech and Dubai Petroleum.

RemSense Technologies has won a third contract to deploy its virtualplant digital twin platform at an offshore facility operated by a Tier 1 oil and gas company, reinforcing its foothold in energy sector digitalisation.

Swift TV has gained final Netflix approval after a multi-year certification, becoming Australia’s sole enterprise Connective TV platform with direct Google Play Store access. This integration bolsters its foothold in sectors demanding seamless consumer streaming with robust enterprise controls.

Swift TV has rapidly deployed over 2,700 screens across multiple enterprise sites, marking its transition from development to revenue-generating commercial rollout backed by multi-year contracts and a fresh 5,000-unit order.

Structural Monitoring Systems Plc reported a 55% jump in quarterly free cash flow to $1.4 million and eliminated its bank debt by repaying a C$0.8 million term loan. The company also launched the MTP138 radio targeting offshore markets and secured key certifications for its avionics products.

SRJ Technologies has locked in a three-year, US$4.4 million deal to deploy its robotic leak detection and emissions inspection services for a major UAE state-owned oil and gas operator, following a successful proof-of-concept trial.

Winchester Limited has partnered with Triangle Energy and Tetragon Energy in a joint study for offshore Indonesian oil and gas exploration, securing an option to acquire a 24.5% interest in any awarded Petroleum Sharing Contract.

BPH Energy and Bounty Oil & Gas have concluded their Federal Court hearing challenging the refusal to extend the PEP 11 permit, with the court's decision now pending.

Swift TV has secured its first contract to supply hardware and engineering services for a Walk to Work vessel linked to a major offshore Oil and Gas operator, marking a strategic entry into a key sector.

Titomic has made significant strides in transitioning from development to production, securing key contracts in defense and semiconductor sectors while maintaining a strong cash position.

Finder Energy has completed its acquisition of the Petrojarl I FPSO, issuing over 37 million shares to Amplus Energy as part of the US$15 million deal. Amplus’ Managing Director joins Finder’s board, signalling deeper collaboration.