Latest Oil And Gas News

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Galilee Energy has launched an offer of up to 464 million new options to participants in its recent $6.5 million placement, aiming to bolster exploration funding and working capital. The options, exercisable at $0.011 each over three years, come amid significant operational and market risks.
Maxwell Dee
Maxwell Dee
13 Feb 2026
ADX Energy has restarted flow testing at its Welchau-1 well in Austria after regulatory delays, aiming to confirm the commercial viability of light oil and gas-condensate reservoirs in the Reifling Formation.
Maxwell Dee
Maxwell Dee
12 Feb 2026
Tamboran Resources Corporation reported a 26% reduction in half-year losses as it progresses key natural gas projects in Australia’s Beetaloo Basin and prepares for a major acquisition of Falcon Oil & Gas Ltd.
Maxwell Dee
Maxwell Dee
12 Feb 2026
Tamboran Resources has appointed Todd Abbott as CEO and made significant progress in drilling and infrastructure development in the Beetaloo Basin, aiming for first gas sales in the third quarter of 2026.
Maxwell Dee
Maxwell Dee
12 Feb 2026
Grand Gulf Energy’s initial fieldwork at its Dry Wash Antimony Project in Utah reveals visible stibnite mineralisation, hinting at promising shallow deposits linked to nearby known mineral systems.
Maxwell Dee
Maxwell Dee
11 Feb 2026
Omega Oil and Gas has secured a substantial new 750 square kilometre acreage in Queensland’s Taroom Trough, forming a powerful joint venture with Tri-Star and Beach Energy to accelerate exploration and appraisal in 2026.
Maxwell Dee
Maxwell Dee
10 Feb 2026
Anson Resources has intersected lithium-rich brines at the Mt Fuel-Skyline Geyser well in Utah, advancing plans to upgrade its JORC resource at the Green River Lithium Project.
Maxwell Dee
Maxwell Dee
6 Feb 2026
ADX Energy has revealed a significant technical update on its Welchau appraisal permit in Austria, highlighting a connected petroleum system with 18 million barrels of prospective light oil and 125 billion cubic feet of gas condensate resources.
Maxwell Dee
Maxwell Dee
4 Feb 2026
BPH Energy has extended its options placement offer to 3 February 2026, giving shareholders more time to secure new options at a low exercise price. Directors have already taken up their full entitlements, signalling confidence in the company’s strategic direction.
Maxwell Dee
Maxwell Dee
2 Feb 2026
Provaris Energy and Yinson Production have teamed up with Himile Heavy Industries to explore manufacturing large-scale LCO₂ tanks in China, a key step for offshore carbon capture infrastructure.
Maxwell Dee
Maxwell Dee
2 Feb 2026
Xstate Resources has reported a promising gas discovery at its Diona-1 well in Queensland, updating prospective resources to 200 billion cubic feet and securing funding for upcoming appraisal and production testing.
Victor Sage
Victor Sage
30 Jan 2026
ADX Energy reported a 24% drop in production due to mechanical issues but is advancing well workovers and new drilling, supported by a $3.5 million capital raise and plans for a dual listing in Oslo.
Maxwell Dee
Maxwell Dee
30 Jan 2026