Latest Oil And Gas News

Melbana Energy is set to commence drilling the Amistad-2 well in Cuba, aiming to boost production and prepare for its first crude export later this year.

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 received pre-approval to acquire a 51% stake in the Diona project, setting the stage for drilling operations and ASX trading resumption by late September.

Cleanaway Waste Management posted a 14.6% rise in underlying EBIT to $411.8 million for FY25, driven by solid waste services growth and strategic acquisitions. However, the Board exercised discretion to reduce executive short-term incentives by 30% due to safety performance issues including three fatalities.

Pilot Energy has received a $3.9 million Petroleum Resource Rent Tax refund linked to decommissioning activities at the Cliff Head Oil Field, reinforcing its shift toward clean energy projects.

Santos Limited delays its half-year results amid ongoing acquisition discussions with the XRG Consortium, which faces a four-week wait for final approvals before a binding deal can be signed.

Strike Energy has reported a significant downgrade in its Walyering gas field reserves following FY25 production data, alongside plans to drill a new exploration well in early 2026 to address potential supply shortfalls.

Bass Oil reported steady oil production in July alongside progress in acquiring the Vanessa gas field and advancing deep coal commercialisation efforts.

Ampol Limited has announced a fully franked ordinary dividend of AUD 0.40 per share for the six months ending June 2025, signaling steady returns for shareholders.

Lowell Resources Fund (ASX, LRT) reported a stellar FY2025 with net assets soaring 72.5% to $72.3 million and profits jumping over 1400%, driven by strong gold and precious metals exposure.

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.

Otto Energy’s 2025 reserves statement reveals a 10% decline in proved reserves, balanced by strong cash reserves and steady production across key US Gulf Coast assets.