Latest Oil Gas News

Sparc Technologies has secured a fourth trial agreement with BHP Mitsubishi Alliance to test its graphene-enhanced ecosparc® coating in harsh mining conditions, aiming to validate its anti-corrosive performance against market leaders.

Whitebark Energy Limited has announced an off-market takeover offer to acquire all shares and options in King Energy Limited, with unanimous support from King’s board. The offer aims to create a diversified Australian energy company with enhanced market presence and operational synergies.

AXP Energy reports a 12% decline in oil production but a 9% revenue increase, driven by strategic gas-to-power initiatives and a new joint development agreement.

Red Sky Energy's December 2024 report reveals steady production from Yarrow 3, imminent fracture stimulation at Yarrow 1, and a transformative 35% stake in Angola's Block 6/24, positioning the company for diversified growth and enhanced cash flow.

Australis Oil & Gas reported a 3% rise in sales volume for Q4 2024 despite a slight dip in revenue due to lower commodity prices, while actively pursuing partnerships to unlock the full potential of its Tuscaloosa Marine Shale assets.

SRJ Technologies reported a remarkable 178% increase in Q4 FY24 cash receipts, driven by strong contract activity and strategic partnerships, including a key Middle East market entry. Despite some project delays, the company remains confident in its growth trajectory for FY25.

AML3D Limited has reported a strong December quarter marked by significant defense contract completions, a $30 million capital raise, and strategic expansion into the US and European markets. The company is poised for accelerated growth, underpinned by a major US Navy funding boost and new sector entries.

SciDev Ltd reports a seasonal revenue dip in Q2 FY25 due to US Oil & Gas sector uncertainty but marks a strategic milestone by securing its first PFAS treatment contracts in Europe.

Anson Resources secured key approvals to expand drilling at its Utah lithium projects, reported a maiden resource at its Western Australia base metals deposit, and raised $2.3 million in an oversubscribed share purchase plan.

Greenvale Energy has significantly expanded its uranium portfolio with key acquisitions in the Northern Territory and Queensland, supported by promising airborne survey results and progress in its Alpha Torbanite Project.

Helios Energy has released an independent Contingent Resource Report confirming substantial recoverable oil, gas, and NGL volumes at its Presidio Project in West Texas, reinforcing its potential as a transformative asset.

Aurora Labs has secured significant contracts in the Defence sector, advancing its micro gas turbine technology and expanding production capabilities following a successful capital raise.