Latest Oil And Gas Industry News

Forte Energy has emerged as the highest bidder for two promising oil and gas leases adjacent to its Umiat field in Alaska, leveraging existing seismic data to target significant resource potential.

Cue Energy Resources has advised shareholders to hold off on any action following Horizon Oil's dispatch of a Replacement Bidder’s Statement for its unsolicited takeover offer. A formal response and recommendation from Cue’s Independent Board Committee is expected by early April.

Winchester Energy has begun drilling the JVU-4 water-injection well as part of its Varn waterflood project, aiming to boost oil recovery through enhanced reservoir management.

Horizon Oil has made a strategic move to acquire the remaining shares of Cue Energy Resources with an offer valuing Cue shares at approximately 14.3 cents each, representing a notable premium. This bid aims to create a larger, more diversified oil and gas entity with potential annual synergies of up to A$2 million.

Woodside Energy Group announces the resignation of CEO Meg O’Neill, who will lead bp p.l.c., with Liz Westcott appointed Acting CEO as the company begins a formal succession process.

Triangle Energy has launched legal proceedings against Echelon Energy's subsidiary over a $3.84 million cost dispute tied to a farm-in agreement in the Perth Basin. The move follows failed negotiations after Echelon's withdrawal from drilling obligations.

Jade Gas Holdings has appointed industry veteran Chris Newport as Managing Director to spearhead its transition from exploration to production in Mongolia’s coal bed methane sector. Newport’s extensive global experience is expected to accelerate the company’s commercialisation efforts ahead of first gas output.

RemSense Technologies has landed a key contract with ExxonMobil to create a high-resolution digital twin of the Barracouta offshore platform, marking a significant step in its growth within Australia’s oil and gas sector.

Titomic Limited has secured a six-month lease agreement for its advanced D623 cold spray system with a major Australian energy provider, marking a significant step in validating its technology for offshore oil and gas maintenance.

Intelligent Monitoring Group has completed its $4.5 million acquisition of Western Advance, bolstering its presence in Western Australia's oil and gas security sector.

Otto Energy has appointed industry veteran Chris Dorros as CEO, signaling a strategic push to leverage his two decades of upstream energy expertise. The move aligns with Otto’s growth ambitions and shareholder value focus.

Swift Networks has renewed a $2.4 million contract to provide continuous technical support and entertainment services across three Chevron sites, reinforcing its foothold in the Oil and Gas sector.