Latest Oil And Gas News

Galilee Energy is gearing up to drill its Zydeco-1 well in Louisiana this July, aiming to kickstart near-term cash flow from a low-cost, low-risk gas-condensate project. The company’s newly formed US advisory board supports a strategy to scale production through repeatable Gulf Coast asset acquisitions.

Botala Energy’s central production well 3.5B at the Serowe CBM Project in Botswana has completed key pre-stimulation steps, setting the stage for a multi-stage stimulation program and a 90-day flow test to evaluate commercial gas production potential.

AXP Energy has struck a farm-in deal to earn a 25% interest in Block 9, a prolific onshore Syrian oil and gas contract with substantial historical prospective resources, positioning the company amid a reopening Middle East energy market.

Galilee Energy has begun site preparation for its Zydeco-1 well in Louisiana, on track for a July 2026 spud targeting up to 8 billion cubic feet of gas and 0.5 million barrels of condensate.

BPH Energy and Bounty Oil & Gas await a Federal Court judgement on their challenge against the refusal to extend the PEP-11 offshore permit. The decision, reserved since February, will be handed down mid-June, potentially shaping the companies' exploration prospects.

Sparc Technologies secures its first international commercial partner as Petro Vietnam Paint commits to using ecosparc® in its PERAPHENE coatings range, targeting highly corrosive environments with improved anticorrosion performance.

Swift TV Ltd has secured $2.33 million through a $1.9 million placement and a $430,000 debt conversion, boosting its capacity to deliver contracted deployments and expand recurring revenue streams.

Bounty Oil & Gas NL has issued a prospectus offering over 632 million new options to eligible investors as part of a broader recapitalisation, potentially raising $6.3 million if exercised.

Macallum New Energy has expanded its exploration prospects in the underexplored southern North Perth Basin with a new oil and gas prospect, Aberfeldy, and plans to pursue helium and hydrogen exploration following recent regulatory changes.

Matrix Composites & Engineering has lodged its Scheme Booklet with ASIC, setting the stage for a July shareholder vote on its proposed acquisition by Advanced Innergy Holdings. The deal, backed by an Independent Expert and the Matrix board, awaits court approval and shareholder endorsement.

SRJ Technologies Group clarified that no undisclosed material information explains its recent share price surge, pointing instead to earlier BoltEx orders and the recent SpaceX IPO as likely influences.

Conrad Asia Energy appoints Peter Botten as Executive Chairman and initiates CEO search amid transition to gas producer with first gas targeted for late 2027.