Latest Oil And Gas News

Santos Limited has agreed to extend the exclusivity period with the XRG Consortium, allowing more time to finalize due diligence for a potential A$8.89 per share cash takeover. The extension keeps the door open for competing bids, maintaining shareholder options.

Xstate Resources has extended its Re-compliance Prospectus Offer deadline to 21 August 2025, aiming to meet ASX conditions for re-admission by raising at least $2 million from 300 new investors.

Key Petroleum Limited has appointed Yan Zhao as Managing Director, bringing over two decades of mining and exploration expertise to the helm. The move signals potential strategic shifts amid a modest remuneration package.

Anson Resources has confirmed its Bosydaba#1 well can supply brine at 6,000 barrels per day, meeting the flow requirements for its planned lithium extraction demonstration plant in Utah. This milestone reduces costs and accelerates project timelines.

TMK Energy has forged a strategic alliance with Beijing-based J-Energy to accelerate development planning for its Gurvantes XXXV Coal Seam Gas project in Mongolia, leveraging J-Energy’s technical expertise and Chinese market connections.

Key Petroleum Ltd has secured A$152,361 through a share placement aimed at supporting its merger preparations and corporate development initiatives.

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.

Beach Energy reported a 13% increase in revenues for FY25 but faced a steep 91% drop in net profit after tax, slipping into a loss. Meanwhile, underlying profit showed a healthier 32% gain, highlighting a complex financial picture.

Key Petroleum announces the resignation of Managing Director Louis Chien, with interim leadership maintained by executive directors Wei Jin and Yuqi Cao as the board searches for a successor.

Horizon Oil has completed the acquisition of significant stakes in two producing gas fields in Thailand, marking a strategic re-entry into the country and expanding its production footprint. The deal adds low-risk, cash-generative assets with long-term contracts, supporting Horizon’s growth and distribution plans.

ADX Energy reported a 23% rise in production to 303 BOEPD for Q2 2025, offsetting a 10% drop in Brent oil prices, while advancing key drilling plans and awaiting new permit awards.

Whitebark Energy is progressing plans to drill the Rickerscote prospect in South Australia's Officer Basin, targeting hydrogen, helium, and hydrocarbons, while appointing a seasoned COO to lead growth.