Latest Oil And Gas News

Provaris Energy has teamed up with Himile Heavy Industries to transition its hydrogen tank production from prototype to commercial scale, leveraging Himile's industrial manufacturing expertise and facilities in China.

Elixir Energy has marked FY26 with major progress in Queensland’s Taroom Trough, expanding contingent gas resources by 32% and securing a strategic $16.6 million capital raise led by Omega Oil and Gas. The company’s operational advances and government backing position it as a key player in Australia’s energy security landscape.

Echelon Resources (ASX:ECH) reported a 341% jump in net profit to A$28.2 million for FY26, driven by stronger gas prices and a A$12.1 million gain from its exit of Cue Energy. The group also repaid A$37 million of debt, leaving it well positioned for upcoming gas drilling at Palm Valley.

FAR Limited swung to a US$1.44 million profit for H1 2026, driven by contingent payments from its Senegal asset sale, and completed a substantial A$32.3 million capital return to shareholders.

Woodside Energy delivered a strong first half in 2026, with revenue up 13% to $7.45 billion, net profit after tax reaching $1.67 billion, and key LNG and oil projects advancing on schedule. The company declared a fully franked interim dividend of 57 US cents per share amid ongoing global market volatility.

Galilee Energy has broadened its Zydeco Oil & Gas Project sidetrack to evaluate seven distinct hydrocarbon targets from a single wellbore in Louisiana, adding five new shallow oil prospects with a combined unrisked gross prospective resource of up to 423,000 barrels.

Omega Oil & Gas has unveiled exceptionally strong results from its Canyon-3 well, revealing a thick, high-quality oil and gas-bearing Permian interval that significantly expands the scale of its resource base in Queensland’s Taroom Trough.

Lowell Resources Fund (ASX: LRT) reported a 48.7% increase in profit to nearly $33 million for FY2026, alongside a 37.6% rise in net assets to $99.5 million, driven by strong junior resources sector performance despite mid-year commodity volatility.

Australis Oil & Gas has locked in a major US-listed partner to fund a US$46.25 million drilling program in the Tuscaloosa Marine Shale, with its first carried well slated for late 2026.

Australis Oil & Gas Ltd posted a $2.6 million net loss for 1H 2026 amid sharply reduced production volumes but is progressing its Tuscaloosa Marine Shale development with a key partner and a planned Q4 well spud.

Kinetiko Energy’s South African subsidiary has locked in a $1.26 million cash agreement with Mulilo, resolving land-use conflicts and gaining a potential gas supply edge for a major wind energy project.

Santos Limited's half-year results show a 19% drop in net profit to US$355 million amid higher production and LNG ramp-up costs, while declaring an interim dividend of 11.6 US cents per share.