Latest Oil Gas News

RemSense Technologies reported a cash flow positive Q3 FY2025 with $420K net cash from operations and $1.403M in customer receipts, underpinned by renewed contracts and strategic partnerships across energy and industrial sectors.

SRJ Technologies reports a 47% drop in Q1 cash receipts but secures significant new contracts and advances a strategic leadership transition aimed at stabilising growth.

Anson Resources has applied to re-enter the Mt Fuel-Skyline Geyser 1-25 well at its Green River Lithium Project to test for lithium-rich brines, aiming to upgrade its exploration target to a JORC Mineral Resource.

SRJ Technologies has landed a £695k (A$1.45m) contract to deliver advanced inspection and emissions monitoring services on North Sea assets for a global Oil & Gas Supermajor in 2025. This deal highlights SRJ’s growing leadership in emissions monitoring and its strategic push for long-term, high-value contracts.

Woodside Energy Group Ltd reported a 115% increase in net profit after tax to US$3.573 billion in 2024 despite a 6% revenue decline, driven by record production and strategic growth in LNG and new energy sectors.

Bounty Oil & Gas, through its joint venture operator Asset Energy, has initiated a judicial review against the refusal to vary and extend the PEP-11 offshore petroleum exploration permit. The legal challenge could reshape the future of this key Sydney Basin asset.

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.