Latest Oil And Gas News

Cue Energy Resources Limited’s Independent Board Committee has unanimously advised shareholders to reject Horizon Oil Limited’s off-market takeover offer, citing undervaluation and significant risks. Shareholders are urged to take no action in response to the offer.

Pilot Energy Limited has voluntarily suspended trading of its shares as it finalises critical funding and strategic initiatives, with a market update expected by April 8.

Metgasco has ended its asset sale agreement with Vintage Energy after funding conditions were unmet, signaling a strategic pivot amid ongoing exploration and recapitalisation efforts.

Duratec Limited has delivered its strongest half-year performance to date, reporting record revenue and gross profit across its diversified engineering and construction services. The company’s investor briefing highlighted robust order books, strategic growth in Defence and Energy sectors, and expansion into new regional markets.

Cue Energy Resources has lodged an application with the Takeovers Panel contesting Horizon Oil's off-market takeover bid, alleging undisclosed arrangements and anti-competitive conduct that could undermine a fair market for control.

Galilee Energy has appointed a US Advisory Board to drive its Gulf Coast oil and gas expansion, targeting low-risk brownfield assets. The company’s maiden Zydeco-1 well in Louisiana is set to spud in Q2 2026, marking a key milestone in its US growth strategy.

Matrix Composites & Engineering has received a non-binding, indicative proposal from Advanced Innergy Holdings to acquire all shares at $0.40 each. The offer is conditional and under review by the Matrix board.

6K Additive has landed a $1.1 million order for its Nickel 718 superalloy powder from a major OEM, underscoring rising demand for advanced metal powders in additive manufacturing across key industries.

Ava Risk Group secures key government contracts and expands its technology trials in Australia, the US, and the Middle East during Q3 FY2026, reinforcing its position in critical infrastructure security.

Australian Oil Company Limited is set to lift its first crude oil from the Emu Apple Oil Field in the Surat Basin on 31 March 2026, marking a key production milestone. Concurrently, the company has identified intriguing iodine anomalies in its exploration permit PL 30, hinting at potential new hydrocarbon targets.

Condor Energy has identified extensive deepwater turbidite reservoirs across its TEA-86 offshore acreage in Peru’s Tumbes Basin, significantly reducing exploration risk and advancing plans for drilling and licence conversion.

Triangle Energy (Global) Limited proposes a capital reduction via an in specie distribution of nearly 20 million Tetragon shares to its shareholders, spinning out its Philippines projects into a new entity set to pursue an ASX listing.