Latest Oil And Gas Exploration News

ADX Energy’s HOCH-1 shallow gas well in Upper Austria has produced a combined gas flow of 3.15 million cubic feet per day from multiple zones, reinforcing the well’s commercial potential amid Europe’s gas supply crunch.

Galilee Energy has broadened its Zydeco Oil & Gas Project sidetrack to evaluate seven distinct hydrocarbon targets from a single wellbore in Louisiana, adding five new shallow oil prospects with a combined unrisked gross prospective resource of up to 423,000 barrels.

Omega Oil & Gas has unveiled exceptionally strong results from its Canyon-3 well, revealing a thick, high-quality oil and gas-bearing Permian interval that significantly expands the scale of its resource base in Queensland’s Taroom Trough.

Elixir Energy has secured a second data sharing agreement with QGC to acquire new 3D seismic data over key areas in the Taroom Trough, enhancing its geological understanding ahead of upcoming flow testing at Lorelle-3H.

Australis Oil & Gas has locked in a major US-listed partner to fund a US$46.25 million drilling program in the Tuscaloosa Marine Shale, with its first carried well slated for late 2026.

Finder Energy’s KTJ offshore development in Timor-Leste has achieved a key milestone with an independent classification of 22.2 million barrels of 2P reserves, underpinning its push toward a Final Investment Decision.

ADX Energy has lodged applications for two offshore gas exploration permits adjacent to its existing Sicily Channel licence, aiming to extend its footprint in a geologically promising biogenic gas play.

Brookside Energy has successfully installed intermediate casing and landed the curve in the Woodford Shale at its Whalers well, progressing drilling into the lateral section as part of its two-well Suttles pad program in Oklahoma’s Anadarko Basin.

Equus Energy's Pre-FEED study confirms a robust, phased development plan for its Equus Gas Project, targeting LNG, domestic gas, and condensate production with strong economic returns.

Buru Energy has boosted its Ungani oil field’s 2C Contingent Resources by around 200%, lifting recoverable oil estimates to 660,000 barrels while exploring new, lower-cost production and local refining options.

Australis Oil & Gas (ASX: ATS) has confirmed no undisclosed price-sensitive information following a recent uptick in its share price and volume, attributing market activity to development progress in the Tuscaloosa Marine Shale.

Strike Energy has boosted its 2P gas reserves at the Walyering field to 16.4 PJ, incorporating maiden reserves from the newly discovered Walyering West. The company is advancing development plans with a final investment decision expected in Q4 2026.