Latest Oil And Gas Sector News

Winchester Energy appoints corporate lawyer Chris Zielinski as Non-Executive Director while CEO Rory McGoldrick transitions to a part-time role, signaling a strategic refocus on operational efficiency.

Xstate Resources has secured over $2 million from more than 300 new investors in its Re-compliance Prospectus offer, positioning itself for a potential return to ASX trading by early September.

AXP Energy has secured 1,400 acres of oil and gas leases in Kay County, Oklahoma, setting the stage for rapid drilling and expansion of its gas-to-power-bitcoin mining operations. The company aims to leverage proven stacked pay zones and a favorable regulatory environment to scale production and innovative energy uses.

AXP Energy has raised A$2.7 million through a two-tranche placement to expand its innovative gas-to-power-bitcoin mining operations and accelerate oil and gas drilling activities in Oklahoma.

Beach Energy Limited has announced a fully franked ordinary dividend of AUD 0.06 per share for the six months ending June 30, 2025, signaling steady returns for shareholders.

Matrix Composites & Engineering has landed a new A$10 million subsea buoyancy contract for a Gulf of Mexico project, adding to over A$45 million in awards this financial year and reinforcing its global SURF market presence.

Xstate Resources has pushed back the closing date of its public offer to early August, setting the stage for a potential ASX re-listing by late August following key approvals and asset acquisition.

Otto Energy has secured a final Australian Taxation Office ruling clarifying the tax treatment of its recent $0.008 per share distribution, splitting it between a return of capital and a dividend.

The ACCC has approved Cleanaway’s acquisition of Contract Resources, finding no significant threat to competition in Australia’s industrial and waste management sectors. The decision highlights the resilience of competition, especially in the oil and gas services market.

SciDev Limited has secured $21.5 million in new contracts and renewals across oil & gas, mining, and PFAS remediation sectors, boosting its FY26 revenue guidance to $120-$140 million.

Santos Limited has entered a process deed granting XRG Consortium exclusive rights to pursue a potential A$8.89 per share cash takeover offer, setting the stage for a pivotal chapter in the oil and gas sector.

Bass Oil Limited has raised $925,180 through a non-renounceable rights issue, aiming to complete its Vanessa Acquisition and fuel future growth initiatives.