Latest Oil Production News

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Finder Energy has opened a new office in Dili to support its KTJ oil fields project, signalling a strategic push to embed local operations and partnerships in Timor-Leste.
Maxwell Dee
Maxwell Dee
30 June 2025
Finder Energy has fast-tracked the development of its Kuda Tasi and Jahal oil fields in Timor-Leste through a strategic alliance with SLB, targeting initial production of up to 40,000 barrels per day. The company’s diversified portfolio and tight capital structure position it for multiple catalysts in the second half of 2025.
Maxwell Dee
Maxwell Dee
23 June 2025
Bass Oil Limited reported steady oil production in May with a 3% increase in output and announced plans to acquire the Vanessa gas field, marking a strategic pivot towards gas production in Australia’s evolving energy landscape.
Maxwell Dee
Maxwell Dee
18 June 2025
Xstate Resources has disposed of its 20% stake in the Austrian Anshof project, shedding liabilities and production to sharpen focus on its promising Diona project and upcoming ASX re-listing.
Maxwell Dee
Maxwell Dee
4 June 2025
ADX Energy has secured a 70% economic interest in Austria’s Anshof Oil Field by acquiring Xstate Resources’ 20% stake, increasing its oil production share and strengthening its strategic position without any cash outlay.
Maxwell Dee
Maxwell Dee
4 June 2025
Bass Oil Limited reported steady April production and a strategic acquisition of the Vanessa gas field, positioning itself for future gas market entry.
Maxwell Dee
Maxwell Dee
26 May 2025
Bass Limited’s May 2025 AGM update highlights a strategic acquisition and capital raising to accelerate its emergence as a key Australian gas producer, focusing on Cooper Basin and Indonesian assets.
Maxwell Dee
Maxwell Dee
15 May 2025
Bass Oil Limited has announced a $3.1 million rights issue to fund key projects including recommissioning a gas facility in Australia and drilling an oil well in Indonesia, aiming to significantly increase production and cash flow.
Maxwell Dee
Maxwell Dee
14 May 2025
Bass Oil Limited has acquired the Vanessa gas field from Beach Energy, marking its entry into gas production in Australia’s Cooper Basin. The company is raising $3.1 million to fund this acquisition alongside other growth initiatives.
Maxwell Dee
Maxwell Dee
14 May 2025
Melbana Energy reports steady oil production from its Alameda-2 well with over 15,000 barrels stored and prepares to drill the Amistad-2 well imminently, advancing its Block 9 development in Cuba.
Maxwell Dee
Maxwell Dee
14 May 2025
Pilot Energy has locked in a $1.8 million convertible note funding deal led by Discovery Investments, fueling its transition from oil production to carbon storage at the Cliff Head site. The funding hinges on upcoming shareholder approval and replaces a previously stalled arrangement.
Maxwell Dee
Maxwell Dee
12 May 2025
Finder Energy has spotlighted its Kuda Tasi and Jahal oil fields at the SEC 2025 Conference, revealing a fast-track development plan with robust resource estimates and promising production rates.
Maxwell Dee
Maxwell Dee
12 May 2025