Latest Oil And Gas Sector News

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.

Finder Energy has completed its acquisition of the Petrojarl I FPSO, issuing over 37 million shares to Amplus Energy as part of the US$15 million deal. Amplus’ Managing Director joins Finder’s board, signalling deeper collaboration.

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.

Invictus Energy has completed the Petroleum Production Sharing Agreement process for its Cabora Bassa Project, setting the stage for significant gas exploration and development in Zimbabwe.

Central Petroleum has amended its sub-salt exploration permit sale, excluding the EP82 permit and retaining Helium Australia Pty Ltd, while anticipating a $4.2 million impairment charge in FY26.

Galilee Energy has appointed three new directors, including CEO Joseph Graham as Managing Director, to align its leadership with its strategic pivot to the Zydeco Gas Project in Louisiana. This board refresh signals a new chapter focused on growth in the US energy sector.

Amplitude Energy has addressed an ASX query regarding the delayed filing of a director’s interest change, attributing it to an administrative oversight while affirming its compliance framework.

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.

Swift TV Ltd has landed a significant purchase order from Chevron for 2,000 connected TV devices, marking a key milestone in its enterprise technology rollout tailored for the Oil and Gas sector.

Australian Oil Company Limited has secured full control over key Sacramento Basin assets by acquiring Xstate USA Corporation, enhancing its exploration potential amid favorable regulatory shifts in California.

Galilee Energy has secured an option to acquire the Zydeco Gas Project in Louisiana, marking a strategic expansion into the US market, supported by a A$6.5 million capital raise to accelerate development.

Invictus Energy updates progress on its AMOG joint venture with Al Mansour Holdings, revealing ongoing negotiations for a significant Qatari ownership stake and deferral of a key placement settlement.