Latest Oil And Gas Assets News

Metgasco has ended its asset sale agreement with Vintage Energy after funding conditions were unmet, signaling a strategic pivot amid ongoing exploration and recapitalisation efforts.

Galilee Energy has appointed a US Advisory Board to drive its Gulf Coast oil and gas expansion, targeting low-risk brownfield assets. The company’s maiden Zydeco-1 well in Louisiana is set to spud in Q2 2026, marking a key milestone in its US growth strategy.

Australian Oil Company Limited is set to lift its first crude oil from the Emu Apple Oil Field in the Surat Basin on 31 March 2026, marking a key production milestone. Concurrently, the company has identified intriguing iodine anomalies in its exploration permit PL 30, hinting at potential new hydrocarbon targets.

Triangle Energy is set to spin out its Philippine oil and gas assets into a new ASX-listed company, Tetragon Energy, offering shareholders direct exposure to promising Asian resources.

Stonehorse Energy Limited reported steady operational performance in Q4 2025, driven by strong production from a new Drumheller well in Alberta and maintaining a solid cash position of A$4.86 million.

ASF Group Limited closed December 2025 with $1.91 million in cash and nearly four quarters of funding runway, while progressing key investments in mining, technology, and biotech sectors.

Pilot Energy has successfully raised $3.44 million through a placement to fund its Cliff Head operations and emerging carbon capture projects, signalling a strategic push into clean energy transition.

Bounty Oil & Gas has announced a significant board renewal, including the appointment of Kane Marshall as Chairman and the retirement of long-serving CEO Philip Kelso. These leadership changes mark a new chapter as the company pursues growth in its Australian oil and gas assets.

Metgasco shareholders have approved the sale of their 25% stake in the Southern Flank joint ventures to Vintage Energy, marking a key milestone in Vintage’s strategic expansion. The deal still awaits final conditions before completion.

Pilot Energy has secured a $10.75 million joint development agreement with SN Energy to build a hybrid solar and battery storage project alongside a proposed 50MW data centre at Three Springs.

Australian Oil Company Limited has signed binding agreements to acquire strategic oil and gas assets in Queensland's Surat Basin, positioning itself for production growth and exploration opportunities.

Finder Energy has acquired the Petrojarl I FPSO from Amplus Energy for US$15 million, aiming to fast-track its KTJ oil development project with a targeted final investment decision by mid-2026 and first oil by the end of 2027. This move is supported by a two-tranche institutional placement raising A$25 million at a 21.3% discount.