Latest Oil And Gas Exploration News

Blue Energy has been granted a critical petroleum lease in Queensland and completed a $5.8 million capital raise, positioning itself to meet rising gas demand aligned with the Queensland Government’s new Energy Roadmap.

Comet Ridge has made significant progress in its Mahalo Gas Hub development, advancing engineering design and securing independent certification of substantial gas reserves. The company is moving closer to a Final Investment Decision amid ongoing regulatory and commercial negotiations.

Po Valley Energy reported consistent gas production and strong cash flow in Q3 2025, while advancing development plans and a new gas sales agreement in Italy.

Xstate Resources has secured $3.82 million through a two-tranche capital raising to advance appraisal and production testing at its Diona-1 well in Queensland, positioning the company for critical flow testing and further exploration.

Top End Energy has unveiled a significant prospective hydrogen resource in Kansas and strengthened its U.S. market presence with new OTCQB listings, while advancing strategic discussions in Australia’s Beetaloo Basin.

88 Energy Limited progresses key Alaskan exploration projects with farm-out agreements and well planning, completes a strategic divestment in Texas, and secures a license extension in Namibia, positioning itself for growth despite ongoing operational costs.

Invictus Energy has secured National Project Status for its Cabora Bassa gas project in Zimbabwe and signed a major funding deal with Al Mansour Holdings, setting the stage for high-impact drilling in 2026.

Icon Energy Limited holds steady with $294,000 cash as it awaits key regulatory decisions on ATP 855 renewal and Petroleum Lease PL-1144, facing a looming ASX suspension deadline.

Lion Energy Limited reports strategic progress on its East Seram drilling plans and limits spending on its Port of Brisbane Green Hydrogen Project pending government funding, while divesting a stake in the Seram Non-Bula PSC to reduce exposure.

Carnarvon Energy has made a significant A$86 million investment in Strike Energy, becoming its largest shareholder and gaining exposure to Western Australia’s growing gas market, while deferring Bedout drilling to early 2027 due to rig shortages.

Finder Energy has locked in a significant funding agreement with TIMOR GAP, securing half of the KTJ Project’s development capex and upgrading its resource base, setting the stage for a Final Investment Decision by mid-2026.

Triangle Energy has initiated legal proceedings against Strike Energy's subsidiary over a $3.84 million dispute tied to the L7 permit in the Perth Basin, escalating tensions in a key oil and gas project.