Latest Oil And Gas Production News

Bass Oil reported steady February production with some operational setbacks in the Cooper Basin, while gaining regulatory approval for the Vanessa gas field acquisition and securing government funding for Kiwi gas development.

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.

Finder Energy has confirmed the technical feasibility of repurposing the Petrojarl I FPSO vessel for its Kuda Tasi and Jahal oil fields, setting the stage for a final investment decision by mid-2026.

Horizon Oil has released a first supplementary and replacement bidder’s statement for its off-market takeover offer for Cue Energy, proposing a mix of cash and shares that values Cue at a 10-14% premium. The deal aims to create a diversified oil and gas producer across Asia-Pacific with significant synergies.

Triangle Energy has embarked on a joint study agreement to explore an offshore area in Indonesia, aiming to secure priority rights for a future production sharing contract. The six to eight-month study signals the company’s strategic push into under-explored regions with promising oil and gas potential.

Bass Oil reported steady January production with a notable regulatory green light for its Vanessa gas field acquisition and a $3.5 million grant to accelerate the Kiwi gas field development.

Echelon Resources Limited reported a robust 7% revenue increase and a 61% rise in net profit after tax for H1 2026, driven by higher gas prices and strong field performance. The company also declared an interim dividend amid ongoing legal uncertainties.

Hydrocarbon Dynamics Limited (HCD) is set to transform its business by acquiring the Great Bear Copper-Gold-Silver-Uranium Project in Canada, backed by a $5.5 million capital raise and plans to re-list on the ASX under a new name.

Beach Energy reported a 32% drop in half-year net profit to $150.2 million, impacted by flooding and lower oil prices, while advancing its Waitsia Stage 2 gas project. The company declared a fully franked interim dividend of 1.0 cent per share.

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.

Australis Oil & Gas reported steady production in Q4 2025 despite lower oil prices, completing key transactions that bolster its financial position and development prospects in the Tuscaloosa Marine Shale.

Echelon Resources reported a slight dip in production but secured long-term gas sales contracts extending to 2034 and plans four new development wells in the Amadeus Basin. The company also reduced its debt by A$7 million, maintaining financial flexibility for growth.