Latest Oil And Gas News

Triangle Energy has initiated legal proceedings against Strike Energy's subsidiary over a $3.84 million dispute tied to the L7 permit in the Perth Basin, escalating tensions in a key oil and gas project.

Fitzroy River Corporation reported steady royalty income for the June quarter and highlighted significant progress on several royalty projects, including government approvals for Buru Energy’s Rafael Gas Project and a major equity raise for Endura Mining’s Snowy River Gold development.

Condor Energy secures a 12-month extension for its offshore Peru exploration block and validates the Piedra Redonda gas field as a key regional energy asset with multiple commercialisation options.

Grand Gulf Energy progresses its Petroleum Exploration Licence application offshore Namibia and advances seismic survey planning for its Red Helium project, while exploring strategic partnerships to enhance growth.

Triangle Energy (Global) Limited has amended its quarterly cash flow report to correct key figures while advancing new permits in the Philippines and progressing the transition of its Cliff Head Oil Field to a carbon capture and storage project.

Hydrocarbon Dynamics Limited has reactivated its North Sea trial and completed a fully underwritten rights issue raising $718,741, while advancing multiple international projects and exploring new energy ventures.

Metgasco Ltd (ASX, MEL) has announced a significant security consolidation, converting every 50 existing securities into one new security, impacting shares and options alike. Key dates and approval processes are set for late 2025.

Triangle Energy (Global) Limited has secured three new permits in the Philippines, advancing its gas exploration portfolio while navigating joint venture withdrawals in Australia and finalising the sale of its Cliff Head onshore assets.

Bass Oil reported steady quarterly oil production with a 20% increase in Indonesian output following a production enhancement program. The company is poised to enter the East Coast Gas Market pending regulatory approval for the Vanessa gas field acquisition.

Finder Energy has secured half of the development capital for its KTJ oil project in Timor-Leste through a farmin deal with TIMOR GAP and accelerated engineering work with SLB, targeting first oil by the end of 2027.

Amplitude Energy reported steady Q1 FY26 production and strong revenue, backed by a $150 million equity raise to fuel expansion projects including the East Coast Supply Project and Patricia Baleen restart.

RemSense Technologies has landed a key contract with ExxonMobil to create a high-resolution digital twin of the Barracouta offshore platform, marking a significant step in its growth within Australia’s oil and gas sector.