Latest Oil And Gas News

Horizon Oil has launched an off-market takeover offer for Cue Energy Resources, proposing a mix of cash and shares. Cue’s Independent Board Committee is now carefully evaluating the proposal before advising shareholders.

Genesis Energy has opened a NZ$300 million rights offer priced at NZ$2.05 per share, marking a 10.8% discount to the theoretical ex-rights price, aiming to accelerate its growth pipeline following a recent NZ$100 million placement.

Omega Oil and Gas has locked in Helmerich & Payne’s FlexRig® 648 to power an expanded 2026/27 drilling campaign in Queensland’s Taroom Trough, aiming to unlock a vast unconventional oil and gas resource.

Echelon Resources has agreed to sell its 19.99% stake in Cue Energy to Horizon Oil and plans to accept Horizon’s takeover offer for the remaining shares, pending regulatory approvals.

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.

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.

Frontier Energy Limited has reported a sharp 71% increase in net loss for the year ended 31 December 2025, with no dividends declared and a slight dip in net tangible assets per share.

Lowell Resources Fund reported a remarkable 63% increase in net asset value for the half-year ending December 2025, driven by a strategic overweight in gold equities and buoyed by soaring commodity prices.

Pilot Energy is advancing Australia’s first Direct Air Capture demonstration facility at its Cliff Head site, aiming to start operations by mid-2026 and pave the way for a large-scale carbon removal plant.

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.

Amplitude Energy has delivered a standout half-year performance with record gas production and a 246% jump in profit, while advancing key projects and strengthening its balance sheet.

BPH Energy and Bounty Oil & Gas have concluded their Federal Court hearing challenging the refusal to extend the PEP 11 permit, with the court's decision now pending.