Latest Oil Gas News

AML3D has maintained a steady $2.2 million quarterly revenue run rate and secured $12.5 million in new orders during 3Q26, pushing its total orders for FY2026 to $29 million. The company is aggressively expanding its US manufacturing footprint and making initial inroads into UK and European defence markets.

Bounty Oil & Gas has announced a comprehensive recapitalisation plan including a $4 million capital raise, a 30-for-1 share consolidation, and debt-to-equity conversions aimed at strengthening its balance sheet and funding Queensland oil projects.

AML3D has landed a nearly $10 million order for four ARCEMY X 6700 systems from Newport News Shipbuilding, expanding its footprint in the US defence manufacturing sector.

Australis Oil & Gas reported a $24.9 million loss in 2025, driven largely by impairment charges linked to strategic asset transactions. The company secured a major development partner and sold a significant stake in producing wells, enabling full debt repayment and bolstering cash reserves.

BPH Energy and Bounty Oil & Gas have concluded their Federal Court hearing challenging the refusal to extend the PEP 11 permit, with the court's decision now pending.

Swift TV has secured its first contract to supply hardware and engineering services for a Walk to Work vessel linked to a major offshore Oil and Gas operator, marking a strategic entry into a key sector.

Tamboran Resources Corporation reported a 26% reduction in half-year losses as it progresses key natural gas projects in Australia’s Beetaloo Basin and prepares for a major acquisition of Falcon Oil & Gas Ltd.

Tamboran Resources has appointed Todd Abbott as CEO and made significant progress in drilling and infrastructure development in the Beetaloo Basin, aiming for first gas sales in the third quarter of 2026.

Tamboran Resources has marked significant milestones in the Beetaloo Basin with successful drilling, major capital raises, and a new CEO appointment, targeting first gas sales in Q3 2026.

Prairie Lithium has begun installing grid power infrastructure at its Pad #1 site in Saskatchewan, marking a crucial step toward commercial lithium production with reliable, low-cost electricity.

Australis Oil & Gas reported steady production in Q4 2025 despite lower oil prices, completing key transactions that bolster its financial position and development prospects in the Tuscaloosa Marine Shale.

RemSense Technologies reported a robust Q2 FY2026 with strong Tier-1 project deliveries worth A$1.685 million and significant progress on its ISO 27001 cybersecurity certification, underpinning its digital twin platform’s growing industrial footprint.