Latest Oil And Gas News

Tasmea has completed its acquisition of Maxim Group, significantly expanding its electrical services footprint and positioning the segment to contribute more than half of FY27 earnings guidance.

SRJ Technologies has started delivering services under two major Middle East contracts, marking the transition from agreements to revenue-generating operations with AD Ports Group’s Divetech and Dubai Petroleum.

Galilee Energy has begun drilling its Zydeco-1 well in Louisiana, aiming to unlock a significant conventional gas-condensate resource as part of its US Gulf Coast expansion.

Brookside Energy has wrapped up its latest on-market share buy-back, cutting its share count by 7% post-consolidation and funding the program entirely from operating cash flow. The company will pause buy-back activity as it finalises a proposed U.S. ADS listing but signals future buy-backs remain part of its capital strategy.

Swift TV Ltd has secured a significant follow-up order from Chevron, adding 1,900 devices to its connected TV platform across key offshore accommodation sites, boosting total installations to nearly 4,000 units.

Pilot Energy remains suspended from trading as it pursues strategic funding for its Cliff Head Carbon Storage Project, securing $500,000 in short-term loans to support working capital.

Omega Oil & Gas has secured full funding for its 2026/27 appraisal campaign targeting the Taroom Trough, positioning the company to advance one of Australia’s most promising unconventional oil and gas plays.

Tasmea Limited forecasts over 70% earnings growth in FY27, driven by acquisitions and organic expansion, underpinned by a record order book and strong industry demand.

RemSense Technologies has won a third contract to deploy its virtualplant digital twin platform at an offshore facility operated by a Tier 1 oil and gas company, reinforcing its foothold in energy sector digitalisation.

Otto Energy has launched a formal process to sell its Gulf of America oil and gas holdings, aiming to unlock shareholder value amid favourable commodity prices. The move includes key assets South Marsh Island 71 and Green Canyon 21, with no set timeline or guarantee of sale completion.

Echelon Resources has secured a three-year extension to its gas supply agreement with Genesis Energy, underpinning continued sales of Kupe gas at market-linked prices and supporting New Zealand’s domestic energy needs.

Australian Oil Company Limited has closed its Share Purchase Plan, raising $155,000 by issuing over 54 million shares at $0.0029 each, to support ongoing exploration in Queensland’s Surat Basin.