Latest Production Sharing Contracts News

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Melbana Energy has postponed drilling the Amistad-11 well in Cuba after joint venture partner Sonangol failed to meet payment obligations, triggering a formal Notice of Default.
Maxwell Dee
Maxwell Dee
5 Dec 2025
Conrad Asia Energy has secured transformative funding and a farm-down deal for its Mako gas field, setting the stage for first gas production by late 2027 amid soaring Indonesian gas demand.
Maxwell Dee
Maxwell Dee
1 Dec 2025
Conrad Asia Energy Ltd has had its trading suspension lifted following the completion of a significant farm down of 75% of its Duyung Production Sharing Contract. This move marks a pivotal moment for the company’s asset portfolio and market presence.
Maxwell Dee
Maxwell Dee
19 Nov 2025
Conrad Asia Energy has partnered with PT Nations Natuna Barat to farm down a majority stake in the Mako gas field, securing full funding for its development and reducing capital risk. The deal positions Conrad to focus on other exploration assets while retaining operational control.
Maxwell Dee
Maxwell Dee
19 Nov 2025
Melbana Energy has begun mobilisation for drilling the Amistad-11 well in Cuba’s Block 9, aiming to restore and improve production after formation damage impacted a key well.
Maxwell Dee
Maxwell Dee
17 Nov 2025
NuEnergy Gas Limited has announced a $4.62 million entitlement offer, primarily to fund early gas sales and development of its Indonesian coal bed methane assets. The offer is partially underwritten by a major shareholder and supports key milestones in the company’s transition to commercial production.
Maxwell Dee
Maxwell Dee
4 Nov 2025
NuEnergy Gas Limited reported a cash outflow for the September quarter, continuing its exploration spend while progressing an early gas sales initiative and preparing for further capital raising.
Maxwell Dee
Maxwell Dee
31 Oct 2025
NuEnergy Gas Limited has completed drilling three wells and commenced initial gas sales at its Tanjung Enim PSC in Indonesia, marking a key step toward full-scale production. Regulatory approvals and commercial agreements are advancing, positioning the company for growth in the unconventional gas sector.
Maxwell Dee
Maxwell Dee
31 Oct 2025
Lion Energy Limited reports strategic progress on its East Seram drilling plans and limits spending on its Port of Brisbane Green Hydrogen Project pending government funding, while divesting a stake in the Seram Non-Bula PSC to reduce exposure.
Maxwell Dee
Maxwell Dee
30 Oct 2025
Cue Energy Resources reported steady production with notable gains at Mahato and Maari fields, alongside a new gas supply deal and a $3.5 million dividend payment.
Maxwell Dee
Maxwell Dee
29 Oct 2025
Melbana Energy continues steady oil production in Cuba with new drilling underway, while securing critical permit variations in Australia that extend exploration timelines and reduce seismic obligations.
Maxwell Dee
Maxwell Dee
27 Oct 2025
Conrad Asia Energy has signed a significant gas sales agreement with Indonesia’s PLN subsidiary, underpinning the development of its Mako Gas Field and advancing exploration in Aceh. The company is progressing farm-down talks and preparing for a major seismic survey to unlock further gas resources.
Maxwell Dee
Maxwell Dee
27 Oct 2025